We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I've taken the opportunity offload with a few quid banked. Been in and out from the listing, had some great returns early on but it went "tits up " when original launch team was broken up. GLA. K
Thank you for your time and effort here.
A mixed bag is the answer. Obviously a lot of lazy money follows him so as you have seen today with GATC this chases the price and the MM are only too happy to see the action. ST pushes so may shares its bound to be a mixed bag. He is tasked by IC to unearth hidden value but the market already does that! One of his long term absolutely cast iron recommends was for INL - year after year and in the past two few its gone from 80p to sub 20. I am not saying he does not get some right and he is careful to show YoY that he beats the market. But as with all investing it pays to do your own research. Also remember that if you do want to buy a recommended share, wait a bit, the froth often comes off in the subsequent days and weeks.
arh right hanks. What is ST record of accomplishment like? Why do so many follow him. Simply curious.
Correct, I've also heard from an insider that things are much improved. Business is good and most of the baggage written off. K
Simon Thompsons Bargains Shares 2023.
Movements here?
Had hoped we'd have seen some upward movement in the SP by now.
We can hope someone snaps them up at this low level. They have a good core business with a great customer base. Just need some decent management, it hasn't been right since Wilkinson's I'll fated international expansion. K
Tame advisors, usually 50% below their indication. K
Is it me or is EquityDevelopment just a posh outfit for ramping up beaten down stocks? Your equity valuations in this swell as others you cover are and have been way off
It’s taken a long time to recover from Wilkinson’s ill advised international expansion. Obviously COVID didn’t help but other recruiters have done much better. K
These are cheap. Performance is fine and share prices will catch up
There are many challenges facing the UK economy, but a company that we think is ahead of the recovery curve is STEM recruiter Gattaca - having already ‘cut its cloth’ over the past 2 years. Plus, the UK job market still remains the tightest it’s been for years, with 1 vacancy for every unemployed person – particularly across their sweet spot of ‘difficult-to-find’ engineers and technologists, where widespread shortages exist.
At today’s FY’22 results, the group posted in line numbers, with adjusted PBT coming in at £0.3m on NFI up +5% to £44.1m. It also added that “demand is robust” which - alongside further self-help measures, favourable mix & an industry shift towards using more contractors vs permanent placements (re: austerity) - is expected to lift FY’23 underlying PBT to £2.5m with profits being H2 weighted. The dividend has been prudently suspended, whilst the balance sheet remains rock solid, sporting net funds of £16m (or 49p/share) as at Jul’22, after generating strong H2’22 cashflow.
It was tempting to upgrade our modest FY23 forecasts & 160p/share fair value, but we prefer to conservatively retain both pending December’s AGM trading update. Nonetheless, we note the stock at 80p trades below NTAV (86.5p/share) and on a 0.4x EV/NFI multiple vs peers at >1.0x.
Link to note: https://www.equitydevelopment.co.uk/research/engineering-a-lasting-turnaround
Back in March you said Fair Value £1.45, now 75p so can we assume 80p on your £1.60 valuation?
An in-line trading update was a good start for the new CEO and CFO, and Equity Development raises its fair value/share to 160p on the back of better than expected net funds.
That new research note is freely accessible here: https://www.equitydevelopment.co.uk/research/first-corner-turned
In line...Lost three clients but the numbers look promising as a recovery.
According to my source the MOD business is still retained.... no other large accounts have been lost
Hearing a very large account has been lost.
Their largest account is the MOD, bit of a shocker if they lose that. K
Another disappointing drop in SP.
Any info as to why?
There is life after all, up 18% this morning.! K
It's not 'like a nightmare', it is a nightmare. Does the company at least generate some income by giving the staffers a job???
West6809. Hopefully someone comes along and buys them . Word from inside, a very unhappy ship with low morale. Rapid international expansion by Wilkinson whilst losing several big hitters, then retrenchment ( ongoing ) . Those departed big hitters, start new businesses or go to competitors and take some clients with them then poach good staff .. Pretty grim . K
Same Kenswayken. What baffles me even more is the lack of updates and even worse, the last set of results. Whilst other recruiters were booming, Gattaca was doing poorly. Let’s hope they’ve turbo charged the engines and have performed well since. They really should have given the recruitment surge. GLA.
Skills in short supply so most Recruiters doing well. GATC is a specialist engineering sector recruiter with strong business in Aerospace,Marine, Automotive and Rail, big in defence too.
Baffles me why they haven't ticked up. K
I wonder if EquityDevelipments might want to reconsider their £1 45 fair value for this dog.