claude reins
23 Aug 2016
Re: Target upped to 1250p Well, 900p was a bit behind the times wasn't it? Wonder who woke up at Berenberg?
coldascheese
22 Aug 2016
Target upped to 1250p 11augustt 2016Berenberg raised Staffline Group's rating to 'buy' from 'hold' and its target price to 1,250p from 900p on Thursday.
gretel
04 Aug 2016
Great article on STAF Acquisitions on the cards, and on target for £1billion revenues:[link] "Staffline on target to burst a billion next yearWed, 27 Jul 2016Staffline is on track to “burst” £1bn in revenue in 2017 and is eyeing new acquisitions and divisions, according to the staffing services, outsourcing, training and employability firm’s chief executive Andy Hogarth.This morning, Staffline released interim results for the six months ended 30 June 2016, which reveal group revenue increased 39.5% to £414.7m along with gross profit, up 48.6% to £62.4m on the same period last year. This increase in revenue and GP was attributed to the new acquisitions completed in Q4 2015 of Diamond Recruitment and Milestone, as well as growth in the group’s OnSites business by 36 locations, taking the total to 341.But Hogarth told Recruiter that a real sense of enthusiasm to win new business among consultants has also helped, as the group aims to hit £1bn in revenue in 2017.“I think success begets success. We’re on a real roll on at the moment.“We are still targeting to burst the billion, which is a billion [pounds] of revenue next year. We are pretty much on target to do that. I can’t say it’s nailed down but just a little bit more growth and we’ll be there.”Touching on Brexit, Hogarth told Recruiter he did not think the country’s vote to leave the European Union last month has adversely affected the business, adding the firm’s key area of operation of food processing performs resiliently against the effects of recessions.And while he anticipates a tightening of the market for candidates, if in future EU workers face barriers to working in the UK, Staffline will benefit from being able to help the 400,000 people on its government work programmes into work if the jobs are not being filled by people coming in from Europe.Looking ahead, Hogarth said the firm is “actively looking” for acquisitions. “We have had a few conversations going on at the moment which may or not come to something but as I say we are actively looking to acquire in our core space, so volume recruitment, blue collar/white collar technical. But it’s all about volume, so that is certainly part of the future. “We’re looking at a number of new potential divisions, new areas of opportunity.”Staffline H2 interim results at a glance:•Revenues up 39.5% to £414.7m (H1 2015: £297.2m)•GP up 48.6% to £62.4m (H1 2015: £42.0m)•Net debt reduced from FY 2015 position, from £63.1m to £43.7m•OnSites grew by 36 locations in H1; total locations now 341 (H1 2015: 267)•First two white-collar OnSites established"
coldascheese
31 Jul 2016
Re: Target 1615 says Fincap INVESTORS CHRONICLE this week says buy.IC VIEW:Staffline is inherently close to politics but it is a shrewd operator and well diversified. The dwindling debt pile bodes well for future dividends while the forward price-earnings ratio of eight times looks meagre compared with peers. We move to buy.Last IC view: Hold, 1,374p, 27 Jan 2016
coldascheese
27 Jul 2016
2 directors buy Two director buys of about £100,000 each today after the great results.Looks all good to me, should see share price back up to a sensible figure.
coldascheese
27 Jul 2016
Target 1615 says Fincap FinnCap;Staffline has reported a strong set of interims driven by 24% organic sales growth in Staffing and the successful integration and turn-around of A4E. H1 EPS was up +49% and DPS up +40% (evidencing confidence in the future). Importantly, this performance was backed by strong cash flow. The second half has started well, with the sales pipeline supporting continued growth. We make no changes to our forecasts or target price (1615p, 88% upside). While Brexit creates uncertainty, we continue to believe the structural demand for flexible labour will remain strong, and Staffline has the proven ability to adapt to changing demand and supply conditions.
gretel
19 Jul 2016
STAF tipped as post-Brexit opportunity Mark Slater went above 3% here with 861,000 shares, so a pretty large investment.STAF was tipped as follows just before the weekend:[link] Cap Opportunities in a Post-Brexit World""Staffline Recruitment“ Not the time to be short of STAFA number of individual stocks have seen a battering of their share prices post Brexit. Notably, several recruitment companies have fared badly as investors have become concerned about a potential recession causing a recruitment freeze in the UK. To take the most dramatic example, shares in AIM listed Interquest (ITQ) have plunged by 46% on the back of a profits warning, caused by clients delaying hiring decisions in the run up to the referendum. Peer Staffline (STAF) has also been caught up in the malaise, with the shares down by 36%. But in contrast to Interquest, Staffline has been performing well and I see a potential value opportunity on the back of the recent sell off. Staffline is a recruitment and staffing services company which made revenues of £702 million in the last financial year and supplies around 45,000 workers every day to more than 1,300 clients. The company operates via two divisions, Staffing Services focusses on supplying workers to industries such as agriculture, manufacturing and food processing. Secondly, the Employability division provides training and support services, along with a number of a government contracts, including the Welfare to Work programme. The company is currently in the fourth year of a five year plan to, in its own words, Burst the Billion, or to grow revenues to over £1 billion by the 2017 financial year.A trading update released on 5th July reported excellent progress in the first half of 2016 with trading in line with expectations. Perhaps the main sentence to note in the statement was,Furthermore, to date, there has been no change in demand following the recent EU referendum vote and the Group continues to source record numbers of workers to supply this demand.The key point with Staffline is that it focusses on the provision of temporary workers. During times of economic uncertainty the demand for temporary labour tends to rise as employers put off hiring people on full time contracts. In addition, much of the business is focussed on getting jobs for the long-term unemployed via the government's Work Programme. As such I believe that Staffline looks well placed to grow even if there is a recession in the UK.Staffline shares currently trade at 761p, less than half the all-time high of 1,623p seen just seven months ago. Given the sell off, I believe that, for those investors who think that the UK will be able to muddle through the EU exit relatively trouble free and not enter a recession, there could be a good value opportunity here – the shares now trade on a multiple of just 6.7 times consensus forecasts for the current year and yield 3.22% on expectations for a 24.55p dividend.Brokers also see value in the shares, with Finncap, despite having recently trimmed its target price on the shares from 1,700p to 1,615p, having a “buyâ€� stance, with the (house) broker Liberum having a 1,100p target. Even the most pessimistic analysts at Berenberg Bank have a 900p target, which implies 18% upside.Of course a UK recession will hinder the company's ability to grow at rates seen in the past (40% revenue growth in 2015). But I believe that the markets are currently pricing Staffline as if a downturn is a certainty. All in all, given the value opportunity here, I believe it might be worth picking up a few Staffline shares ahead of the interim results, which are due to be released on 27th July."
coldascheese
18 Jul 2016
Re: Target 1100p says Liberum Results on 27 July.Moving up nicely now-could be up to 1000p by then.Had dropped to much and is bouncing back from low point.
coldascheese
08 Jul 2016
Target 1100p says Liberum Liberum now say Buy with an 1100p target:[link] an update released by analysts at Liberum Capital on Tuesday the broker has now set a ‘Buy’ rating on shares of Staffline Group PLC (LON:STAF) with a price target of 1100"
claude reins
07 Jul 2016
Re: Tipped as Buy today in the Times As you say if the source of drivers etc IS from central Europe and dries up following Brexit, AND the jobs are attractive to indigenous workers, especially the unemployed, that IS good news. I don't know anything about STAFF's rates of pay and that could have a lot to do with their success - i.e LOW rates. On the other hand their acquisition 1-2 years ago did up their credentials a lot, so on balance I would go with your view that they are a good BUY.....but where is the bottom? I don't know. IT doesn't seem to know either! I am waiting in the wings!!
gretel
06 Jul 2016
Tipped as Buy today in the Times Tipped as a Buy in this morning's Tempus column in the Times:[link] performance of headhunters’ shares had been woeful even before the referendum because the uncertainty was seen as putting off employers from hiring. They have fallen sharply since.Dragged down with them has been Staffline, though it isn’t really like the others. It places temporary workers in areas such as food manufacturing or driving heavy goods vehicles. Much of the business is based on getting the long-term unemployed back into the workplace via the government’s Work Programme. Clearly, if those food factory workers or HGV drivers are from eastern Europe, the supply will dry up a couple of years hence. This, though, would increase the attraction of indigenous workers, especially those unemployed. Demand from those employers is not going to dry up.Staffline’s trading update indicates all is proceeding as it was and the company has high visibility of its workload. The shares, off 25p at 775p, have come back from £14 this year. They sell on seven times’ earnings. Again, this looks like a good entry point for those sanguine enough about the next couple of years.MY ADVICE BuyWHY Staffline looks solid enough whatever happens"
coldascheese
05 Jul 2016
Overdone ? It appears to me that the 80% drop here is completely overdone. I can't see how Staff is affected by Brexit and the companies recent statement supports this with a view that it could be a bonus for them.Are investors just selling in panic.Anyway I think that they are completely wrong and have bought in today as it is very cheap in my view.
gretel
23 Jun 2016
RNS : Slater buys in to STAF RNS just out - Slater has been buying....He's now gone over 3% with 861,000 shares. This should attract some attention on the markets:[link]
gretel
07 Jun 2016
Tipped in SCSW magazine Saturday's SCSW featured STAF in its review of its Growth Portfolio, of which STAF is a member, and summarised:"Based on eps of 117p for the year, the prospective P/E for the year is 9.5. Dirt cheap."At 1080p that P/E is now just 9.2.
gretel
03 Jun 2016
Finncap - 1700p target Finncap today reiterate their Buy and 1700p target (current share price is 1078p):[link]
