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http://tinyurl.com/hpv4x5r Bob Vale, chief executive officer at background checking company ClearStar (LON:CLST), tells Proactive Investors growth in 2015 came from the direct sales division as it unveils preliminary results for 2015. Vale says the company is witnessing a decentralisation of the job market in the US, which it is becoming more aligned with the "shared economy". This should lead to further growth opportunities for the company, he says.
https://youtu.be/Ylp-6oKHJGE Robert Vale, chief executive of employee intelligence specialist ClearStar (LON:CLST), says the company is beginning to focus on larger companies and contracts after recent growth. The AIM-listed firm operates in the background check industry, screening personnel, providing medical information services and technologies that fit into the human resources systems of its customers. Today it said turnover rose by 43% to $7.5mln (US$5.2mln) in the half year to June, as the company screened more than 1.1mln potential employees for 23,000 customers. That led Cenkos to upgrade ClearStar to a ‘Buy’ with the broker claiming that the shares are now unvalued and should be attracting the attention of investors.
84% of shares held by directors or iis here...very interesting!
Is a first for me, first poster here. Modest investment only. Hope other appear soon
Mark Brown, Chief Executive of Collins Stewart plc, today said: "Against the backdrop of a challenging external environment, we have reported a strong set of results with growth in revenue and profits. They represent the rewards of two years of hard work and although the turnaround programme that started in late 2008 is far from complete, our business is now well positioned and has considerable momentum for continued growth."
Highlights Revenue up 16% to £215.7m (2009: £186.4m) Operating profit before share-based payment charges up 17% to £25.6m (2009: £21.9m) Underlying operating profit up 70% to £23.6m (2009: £13.9m) Profit before tax increased 3% to £19.0m (2009: £18.4m) Earnings per share up 11% to 6.1p (2009: 5.5p) Underlying earnings per share up 69% to 7.1p (2009: 4.2p) Proposed 31% increase in final dividend to 1.7p (2009: 1.3p); first increase since 2007 Strong progress across all areas of the Group Proposed change of name to "Collins Stewart Hawkpoint plc"
http://www.investegate.co.uk/Article.aspx?id=20110315070000PAA9D
Across the board growth at Collins Stewart Date: Tuesday 15 Mar 2011 LONDON (ShareCast) - Broker Collins Stewart has increased its dividend for the first time since 2007 after strong progress was made across the group in 2010. Revenue rose 16% to £215.7m in 2010 from £186.4m in 2009. with all divisions seeing growth. Revenue from Wealth Management grew to £48.3m from £43.7m in 2009, while the Securities side generated revenues of £106.5m, up from £17.2m the year before. Corporate broking revenues surged to £21.8m from £17.2m in 2009 while Hawkpoint, the firm’s corporate finance advisory brand, grew revenue to £39.1m from £28.3m the year before. Reported profit before tax edged up to £19.0m from £18.4m a year earlier, while underlying earnings per share increased by 69% to 7.1p from 4.2p. Assets under management at the end of the year were 34% higher at £7.9bn, up from £5.9bn at the end of 2009, while net cash and cash equivalents declined 8% to £104.5m from £113.2m at the end of 2009. The final dividend has been lifted by 31% to 1.7p from 1.3p a year earlier, making the full year dividend 3.0p (2009: 2.6p). The board expects in future to pay around 40% to 50% of retained earnings out as dividends in future, with the interim dividend typically being half the level of the final dividend. “For the group as a whole, the first two months of this year are showing good growth compared with the same period last year. Consequently, we believe that this represents a solid foundation for further progress,” said company chairman, Tim Ingram. The company announced plans to change its name to Collins Stewart Hawkpoint, though the Collins Stewart and Hawkpoint businesses will continue to trade under their existing names.
It seems that Greece may be persuaded to park outside the Euro for the forseeable future, and market fears are not assuaged by the blundering attempts at ta fiscal recue of Greece. - The mature and politically and financially sensible thing to do is to offer Greece a rational exit strategy from the Euro, until they are able to qualify for membership (in effect, rejoin the candidate countries list which include Poland, Hungry, etc.) If this happens, over the coming weekend say, then markets will bounce back up sharply.
Looks like MM's are beginning to play Bingo, I'm expecting another tick up soon
Greetings. I look at charts myself but not to study them. I take overviews of a company, it's position, its people, what it offers and, more importantly, the times in which we live. - I believe Barak Obama and Gordon Brown when they say they intend to reduce system risk in the system, and that risk derives principally from once source - the banks. That is why I think they will be broken up into smaller units. Given this changing landscape, who will gain? Barclays and Solomon Brother, for example, both are strong because of their size. As smaller players, I don't see them being proportionalely as successful. That is where I feel this bank will come to favour (When???). Basically, it is not any moving average that will kick it up, or down, but legislation that creates new opportunities for it. - In the short/medium term, I am not sure when its stock price will go. That is what I watching out for, where the nadir is. To ponder this, I am having a peach today with some yogurt.
Thought I'd be more informal - we've done the introductory posts! I think/hope that this breather we've had over the last few days may be over soon. Looking at the charts we may be about to cross the 5 day moving average and interestingly on the last few days trades we have been oversold (ignoring the trades in the millions which were proably buys and sells) whilst the price has risen. However the only think I can be sure of is my cuppa and chocolate digestive in 15mins time! Kit kats - living the dream!
Events still feel like a puzzle to me, and companies across the board will get caught up in any swell. I can't see the wood for the tress at present, so need to clear my mind a bit. The share price rose today, trading was pretty light, and investors are in two minds, methinks. I think the unfolding Greek drama is more a distraction than anything else. Ditto the general election. And the currency markets are foiling all logic. At present, it really does seem to be a speculators world, with investors wondering what to do next. If prices go down, they will bounce back up. If they go up, they will bouce back down, and so on. Like a say, it's a good time for a kit kat and a cup of tea.
Well it has been said in the City that CLST is viewed a cheap and some consolidation is expected in the financial services sector. So if we keep seeing these big trades a take over may be on the cards. Then again that was rumoured a few years ago when Nomura were meant to be looking at them. Time will tell, I intend to hold for the moment.
Thanks for your feedback. In any case, the exchange of shares, buy or sell, would seem to suggest something is stirring, and can this be a signal for some broader movement in this general sector? We will see what happens over the weekend, and into next week when the US results season kicks off with Alcoa's first quarter numbers.
I'm not sure if its a sell off perhaps they are transactions passing from one seller direct to a buyer. Interesting the two 'sells' in the one millions add up to the sell in the 2 millions. So possibly one is a sell and 2 are buys or vice versa. They only all show as sells based on whether its nearer the bid or ask so its never 100% accurate especially with these size trades. Also its had no effect on the SP.
Given the ultra low volumes and ultra cautiou embracing the stock market today, there is a rather incredible sell-off of shares occuring here. Quite out of sync with the market in general. Any reasons proposed for this....?
is! Chairman-elect Tim Ingram has acquired 250,000 shares in broker Collins Stewart. Ingram has been a non-exec on the broker's board for 10 weeks and the share purchase at 77.69p a share represents an investment of £194,225. The purchase takes his stake to 285,000 shares. Ingram takes over as chairman from Terry Smith on 1 April. Ingram has been chief executive of Caledonia Investments since 2002 and prior to that worked at Abbey National and First National Finance Corporation. The shares were acquired the day after Collins Stewart released its 2009 figures and announced the purchase of Corazon Capital Group for an initial £1m in shares. There is potential deferred consideration of up to £6m in shares. Corazon managed £382m of assets in Guernsey and Geneva at the end of February 2010. This will enhance the wealth management division of Collins Stewart. Collins Stewart returned to profit in 2009 despite tough markets after progress at all of its units. Pre-tax profit came in at £18.4m compared to a pre-tax loss of £15.2m the year before. Revenue increased to £186.4m for the year ended 31 December 2009 from £175.7m previously. Top Director Buys Collins Stewart (CLST) Director name: Mr Tim Ingram Amount purchased: 250,000 @ 77.69p Value: £194,225
Sorry mate my system doesn't give projections however i would expect some resistance a 80. If you look back this week on the IFL chat logs u will see i tipped CLST FDI and EZJ . These were all tipped on basic Elliot wave movements and all worked a treat. cheers Ian.
Your were right - where do the charts see this going? -New support in the 80's or even 90's would be good, never did like the 70's! Thanks
CLST has fell in an ABC movement to exactly the old ''1'' level which was where the first rally ended on Elliot wave. It is a buy here with the stop at a daily close below 65p. Ian.
I'm very pleased with there results. June - Dec will be very good for them and don't be surprised if share price hit 150 around march next year. In the meantime collect div... very solid share.
they are playing with it at the moment. I'm very confident with the business in the mid/long term. Last year they paid interim dividend 1.3p/share.
Now is correct 80p :) Did you bought more of these? I think this is still very cheap price.
I thought retrace was on the card for LLOY/RBS since Thursday. They went high up lots just based on speculation since last July. Now there is talk of write issues for LLOY and i think they probably retrace quite lots in the next few weeks. However, i do think CLST will do much better in the coming months.. results are out tomorrow and I do hope it will start moving upward trend! Don't forget they pay dividend too in oct/nov... It will be announced tomorrow how much it will be for the next period. GL