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I no longer hold any shares, I currently deal with multiple agencies, the market is crowded and very competitive and not consistent in supply, promising you numbers to fill your Labour gaps and then failing to deliver, if they base their company numbers based on demand forecast and then they are constantly failing to deliver, then to me that means their numbers will be down on their projections also. But that's just my opinion from experience in dealing with similar agencies.
The wage rises may be passed on, but the profit margin unlikely to keep pace. Further cramping of an already awful GP percentage is likely. (See my previous post).
Peakyblinder
You could be right but belief is different based both the ONS report and fundamentals. Stafflines main lines of revenue are in sectors required even in a recession. Still lines of new customers that they said they never factored into the last results and I also believe Staffline is a take over target. A few larger buys today also.
There must a different reason the Directors ain’t brought and I think either news of a take over or new contracts to be announced. I’ve started accumulating again at around 49-50p but just my opinion. I’m happy with the risk factor and given Henry Spain was happy at 65p I’m definitely happy at these prices. Let’s see but also remember we can pass inflationary pressures onto the customers who are desperate for our workers. Not many companies can do that.!
Exactly, I wouldn't buy either, especially if like many we are expecting a recession. I'm buying nowt and 70% in cash... GLA
Why are Albert Ellis and Daniel Quint going to buy when they have cheap shares.
Let's see if the next AGM, shareholders are allowed to attend.
They will be judged !
https://www.ajbell.co.uk/news/record-job-movement-workers-hunt-higher-pay
Record number of workers bodes well for Staffline. Roberts Walters up over 8% yesterday. Time to top up I thinks for the long term.
Also time for Albert Elliss and Daniel Quint to buy in and not take out free shares
http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3774&customerKey=Staffline&storyID=15428284
Albert Elliss and Daniel Quint should be ashamed to accept cheap share after stating we’re going to buy them ASAP. I didn’t think Albert meant ripping the company off for cheap shares. I think he needs to address the shareholders by social media and state why he said he and Daniel intended to buy at the investors meeting.
Press replay and listen to yourself Mr Elliss
Share price is a joke and time for the board to update us. Explanation required from Albert Elliss who must be privileged to information why he ain’t brought.
Are we a take over target!
Still no buying from Albert Elliss.
Peaky blinder
The two year graph actually points to a low of between 45-47p so could even go as low as this but I would say we’re within 10% of the bottom but once again I await the Directors and CEO to confirm share purchases or explain why not!.
Share is falling like a stone because of shareholders lack of confidence in the Albert Elliss for failing to buy when stated he would.
He needs to be held to account
You could could be right jam, who knows!!
Peakyblinder
You could be correct but no directors buying leaves me to be it’s a takeover target and accumulating for someone else. Results were clear and anyone who can read them know we’ve turned the corner and profit making now. Also new contracts and even existing contracts that they said weren’t factored into these results. My opinion but think we are experiencing a double bottom and onwards and upwards from here. You or me could be right but I’m calling out the Directors to explain why they haven’t brought as they stated. I’ll keep calling them out because they said they visit the boards so hopefully they update us. Unless they can’t buy it’s criminal of them not too. Clearly we are in a buy out situation. I said they couldn’t buy before the results because they must know price sensitive information and they confirmed it was because of the BMW deal. Sorry just my personal opinion and hopefully I’m correct as I’ve been accumulating more at these levels.
I think he's simply adding to his clients investments. He's probably got a high average and taking advantage of the lows... Directors obviously unsure of future numbers I expect... GLA
Still no purchase from Albert Elliss or Daniel Quint as stated. Unless there hands are tied because something is happening and they are unable to purchase. Just seams strange Henry Spain keeps purchasing and they haven’t. If they don’t buy at these levels I would be convinced it’s possible they can’t.
Is Henry Spain accumulating them for someone ready to make a takeover offer?.
Who is Henry Spain accumulating all these shares for. I wonder who the other transaction was. Certainly strange.
Henry spain trying to average down, bit early in my opinion..
Two large trades gone through. Strange
If you listen to the investors presentation prior to the recent one in March When the share price was 55p Albert was asked if Staffline was a take over target. He stated large shareholders like HRnet and Henry Spain realise the true value etc bla bla bla.
Given the share price is sitting at less than 50p it would be reasonable to assume these large shareholders would lose confidence in a CEO who feels he has there support then lies in a statement in the next Investor meeting saying he intended to buy but failed. Given Henry Spain is sitting on losses based on his recent share purchases he must as any board would thing a vote of no confidence is needed when a CEO has miss lead current and potential investors which may or may not be impacting confidence. Henry Spain must seriously be thinking he was suckered by the CEO given his large purchase at over 60p.
Time for Albert to look in the mirror as he did the screen at the investors meeting and ask himself if his comments were professional or misleading
Albert Elliss actually spoke in a capacity when he stated both himself and Daniel Quinte intended to buy shares as soon as they were able. I for one felt if they were confident is showed underline confidence supported by his stated intentions. We now sit at less than the capital raise price and you would expect large shareholders such as Henry Spain who actually brought in one can only assume Albert Elliss presentation had a bearing on on any decision to buy. I personally think his statement to investors amounted to miss leading shareholders and think he should make a statement if to clarify his comments on behalf of himself and Daniels Quinte.
How do you establish trust as a CEO is you publicly on statement say something and fail to act. Sir kier starmer said he would resign if found to have broke lockdown rules. Surely morally Albert Elliss should consider his position or defend his words.
yes, agree, imagine how many people bought more on the back of that confidence.
Awful
Still no Directors buying!. Chairman has to answer serious questions. Said he was going to buy when we were high 60s and still nothing. I think he should explain!.
Zcazz77
We recently announced a contract with BMW. BMW are now telling management they have to change vehicles every 2 years not the current 9 months due to high demand for the vehicles. Just to add to what you’ve stated in believe we are establishing contracts that will prove less affected by a recession and financially rewarding due to the nature of the client.
I think the selling is becoming overdone and think we are actually close to a technical bottom.
47p would be an absolute low for me but I’m a buyer at these levels.
Not invested here, but good post Aberoy. The IC have been saying 'hold' on many recruiters for the last 4 or 5 months.
Don't forget most of their business is in the food sector, hence defensive in a recession.
Also looks like plenty of stop losses selling today..