Ripley94
12 Feb 2018
Not sure how . This one got on my alerts .Bought in today Monday @ 8.45am @ 945 p ( reduced price Friday from 961 & 950 ) which did not lift.The lower share price drop was not showing on record of trades before i bought .Down 2.5% 9.26 to 931 showing above.
paul1945
24 Jan 2018
Director dealing Looks to me it is 3 deals all big money buys 1st time I have dealt in this stock looks okbought modest amount
Sharpedge7
24 Jan 2018
Re: 2017 prelims oh it didn't show a sell rec as I feared it would...
Sharpedge7
24 Jan 2018
Re: 2017 prelims agree - and nice to see a director buy.... I don't think this is a sell but my Mac won't let me change it, or is it this bloody site playing up again. Terrible for RNSs at mo...
claude reins
24 Jan 2018
2017 prelims Sound performance by a complex but very well managed company working in an environment not helped by Brexit and general government spending uncertainty. However, they continue to deliver and their 5 year plan performance ending with these results is formidable. The uncertainty presumably accounts for the low PER at under 9 but their sustained performance doesnt deserve this.Andy Hogarth is stepping down as CEO after a long spell but continues an a NED. However, there is a well developed senior management team and succession is planned.Going forward, they are once again adjusting well to the changing tides, and I have no doubt they will be on the acquisition trail again soon, having reduced debt significantly, by around half. They are also introducing the next 5 year plan with a target of EPS of 200p by 2022, versus 112p reported in 2017, a 77% increase. Pretty ambitious, but why not? They have achieved all the others.So many companies with low margins are poorly run, and seem to be unable to manage their finances effectively. As a result they are very exposed to changes in their operating environment, and cant cope with the stresses. STAFF has a good cost effective model, with several divisions with a wide spread coverage of activities. If one area falls short temporarily, others make up.Also, the major area - now called Recruitment - operates on a very cost effective model with operations on customer's premises. Fixed costs are therefore tightly controlled.They have the expertise to take on more acquisitions, and this will provide the growth in the near term. or the moment the chair is forecasting that profitability will be slightly higher than 2017 in a period of consolidation when some of the government programmes wind down.A strong hold at least.
claude reins
25 May 2017
Where are you Gretel? Long time no speak, and there is quite a lot to talk about on STAFF. This seems to be a balanced company which can either use immigrant labour - which farmers etc tell us still be needed after brexit, or they can be paid by the government to traain jup locals to do the jobs they are currently not doing. They are also making useful acquisitions in ROI and Scotland consolidating in an industry qwhere there are still lots of opportunities to do so.The SP has recovered but IMHO still has some way to go.
claude reins
18 May 2017
Acquisition of established business in Scotland Seems a very neat addition to the expanding business ni Scotland, after an earlier acquisition in Republic of Ireland recently.For Immediate Release 15 May 2017 STAFFLINE GROUP PLC("Staffline" or "the Group"
Acquisition of Brightwork LimitedStaffline, the Staffing and Employability organisation, today announces the acquisition of Brightwork Limited ("Brightwork", a recruitment business based in Scotland specialising in temporary and permanent jobs in the drinks, warehousing, manufacturing and distribution sectors. Brightwork has a long and successful history as a multi-sector recruiter for clients across Scotland from offices based in Edinburgh and Glasgow. As previously indicated, the Group has been developing its business in Scotland. The acquisition therefore represents an attractive strategic opportunity to increase footprint in this area, strengthening the Group's geographic reach across the UK, as well as bringing a blue-chip client base. Derek May, Chief Executive of Brightwork, will continue in his role to lead the businessThe acquisition is expected to be earnings neutral in the current year and is being funded out of Staffline's existing resources.Andy Hogarth, Chief Executive of Staffline, commented: "Staffline is delighted to announce the acquisition of Brightwork. We have been increasing our capability in Scotland in recent years and this acquisition will accelerate the growth of both businesses as it provides scale, as well as greater geographic coverage and value added services. We can offer our clients a greater national service. We very much look forward to working with all the team at Brightwork and to building a great future together".
claude reins
18 May 2017
Broker reiterates buy and raises target price significantly Liberum Capital today reaffirms its buy investment rating on Staffline Group PLC (LON:STAF) and raised its price target to 1350p (from 1100p).
claude reins
18 May 2017
update at AGM today very sound The trading update is in line with market expectations and very positive. This follows an expansion of the company's business in Scotland earlier in the week.Staffline Group plc('Staffline' or 'the Group') AGM Trading Update Staffline (AIM: STAF), the Staffing and Employability organisation, will hold the Group Annual General Meeting at 11.00am this morning. At the meeting, Andy Hogarth, Chief Executive of the Group, will make the following statement on current trading: "Following the record year of 2016 which saw significant growth in the number of our Staffing divisions OnSites and good progress as a fully integrated business from our PeoplePlus division, Staffline has continued to make excellent progress in the new financial year. The Staffing division has continued to perform well with strong demand for its services from both new and existing customers. The number of OnSites continues to grow. We are still seeing no change in demand following the EU Referendum Vote and the Group continues to source record numbers of workers to supply this demand. In PeoplePlus, the Group's Employability, Training and Skills division, we are seeing the benefits of the reorganisation of the division in 2016. The new business pipeline remains strong and we continue to bid for and win new contracts. As a result, we are pleased to confirm that current trading is in line with market expectations and the Board remains confident of the Group's growth prospects with the "Burst the Billion" £1 billion revenue target still very much on track." The Group expects to provide an interim pre-close trading update on Tuesday 4th July 2017.
claude reins
03 May 2017
Brexit effect on the SP? and always the effect of the SP hovering around a break point in this case 1200. The tough talk going on at the moment is alll aboout tactics for the brexit negotiations, and the effect on the decisions made on permanency of EU citizsens here and ours in the EU. I think thta this will be settled sooner rather than later when negotiations begin. It is in both sides' interests.As for the effect in sourcing labour in a poor labour movement situation in the future from the EU to the UK, STAFF is in a good position to train up UK citizens to do the same job as their Polish or other counterparts now. They have the training and back to woor programmes to do this. If anyone is inetrsrtyed in the CEO's answer to these questions, they were put by Paul to him in an interview some months which we should still be able to access.Also there would appear to be opportuntiies to grow both sides of the business - service and training - because of the opportunities for growth by acquisition in the former and the expansion at the enpense of others in government schemes based on their past sucess in getting people back into work.So paradoxically, this is probably a very good buy-in point for this very well managed company with lots of opportunity for expansion.
claude reins
27 Apr 2017
Re: Big competitor in trouble? Looking at the business currently servicing the SPD empire, I think that STAFF would want to run it in a more professional way, and I guess that means more cost for Ashley. Also, would STAFF want to walk into the lion's den? Not exactly a happly place to work, and always in the limelight - for the wrong reasons. Not STAFF's modus operandi by any means.Still STAFF no doubt ready for further expansion on the right terms, to take the SP back towards their rightful place.
gretel
26 Apr 2017
Big competitor in trouble? This sounds like good news for STAF? Transline, who seem to be a major competitor, (£230m turnover, Food & Beverage, Industrial and Driving divisions amongst others) is "close to insolvency"....[link] web site:[link]
gretel
04 Apr 2017
RNS : Octopus buying more STAF Octopus Investments are buying more and now have over 13% with 3.67m shares, 340,000 shares up from the 3.33m in their last disclosure:[link]
gretel
07 Mar 2017
Another acquisition today Good to see STAF acquiring again - and in the Republic of Ireland, so this will help operations post-Brexit too.Finncap have reiterated their Buy and 1615p target, leaving their forecasts unchanged.Interestingly, they say they "expect contract wins to be announced throughout 2017".
coldascheese
02 Mar 2017
1600p target News today re foreign workers being allowed in after Brexir bodes well for Staffline-being rerated towards the 1600 p level so 37% + gain to go for.
