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So, around 7.7m shares change hands and price moves a trifle.
Must be a big seller and big buyer.
I wonder what the RNS will show.
We normally get a trading update end of January, so I expect some share movement ahead of that (upwards hopefully!)
Definitely something happening but it fell to lows that weren’t warranted when competitors rose from lows in 2023 so no surprise it’s playing catch up. Smart money moving from competitors to Staffline could be a shrewd bet!
Think you are getting a bit carried away but would expect some decent upside with such large buys. Someone is expecting some good news!
Look at those huge buys...
30p+ today imho dyor
Expect to see a rns tomorrow about Henry Spain buying again.
Yet the share doesn't move. What's going on?
Someone has splashed out on Staffline today. Wonder who would be buying at such levels?
Looks more positive
Just checked, .229 to buy £10k's worth.
10% margin between buy and sell price. Wild.
Well, last of the 23p’s seen soon. Around 120k on offer then it’s up near 25 to buy. They’re loading for a reason.
Spain will be at 30% soon...
It's grim! Next year looks like it's going to be tough from an economic perspective. The share buy backs seem to be having a negative effect and with no good news on the horizon the share price will be stuck in the doldrums for the foreseeable future. The only hope is one of the big recruiters buys them out at a premium but that's probably wishful thinking.
Your leadership has been nothing short of disastrous.
Look at what you doing to the share price.
I had high hopes.
Why?
The act of buying and nullifying the shares has a knock-on effect of increasing the % of Staffline owned bye Henry Spain et all.
They actually don’t
One and a quarter million buyback yesterday at 26 pence. I wonder who the seller is, no RNS.
Maybe it is the company itself selling the shares it purchased for the Director reward scheme , and cancelling them knowing that they dont deserve free shares
No good news here.
https://www.oxfordmail.co.uk/news/23762152.staff-lose-jobs-bmw-mini-car-plant-oxford/
For those contemplating investing in Staffline, here’s a comparison with privately owned companies in the same market. (Last published accounts).
Staffline
T/O. 940m
GP. 83m (8.8%)
Profit before tax. 1.9m (0.2% of turnover)
The Best Connection
T/O. 349m
GP. 44m (12.6%)
PBT. 7.4m (2.1% of turnover)
Blue Arrow
T/O 275m
GP. 33m (12%)
PBT. 4.8m (1.7% of turnover)
My repeated point about Staffline’s hopelessly inadequate GP and delusional management is starkly demonstrated by these comparisons. They did well to hedge some of their borrowing until (I believe) the end of 2024 but I expect they will be in real trouble when they have to borrow at current rates. Unless they have a radical re think of their business - perhaps a complete management clearout, before then.
It seems you are also ITK. If only the update disclosed the margins at which this new business was won / bought. Investors would run a mile.
Dire. Yet again. Unremarked in their self congratulatory presentation is that their appalling margins have slipped again. And their future plans do not address this.
Do they even want to make a profit?
Inconceivable that a near billion pound recruitment agency can fail to deliver any sort of result, year after year. I know of many, far smaller and in the same field, who do extremely well. The board needs replacing with people who actually know the industry, rather than accountants.
Half a billion turnover and a net loss of £1 million. I can't help to feel underwhelmed.......again.
The only ray of sunshine is the promise of a better 2nd half of the year. We shall see. The share price is most definitely stuck in the doldrums!
How large do you think the BMW contract is?
None of can be sure given the results From Robert Walters however I personally feel the BMW contract will prove significantly important in the results.
Robert Walters and Staffline are different models and I see Staffline as well undervalued. Also remember the interest Staffline pays was hedged so this could also prove a life saver in the margins. We will know soon but near 2020 lows is unjustified given the capital raise was 50p and we’re in a more safer place. Why else would BMW choose Staffline!.
A wee bit more buying today. Let’s hope they pleasantly surprise at the end of the month
Well I’ve been out all day with some one in management at BMW and he confirmed they were using a lot of agency staff from Staffline. I pushed him on the 75m grant expected for Cowley and he said that was a done deal. He did say something about China not being happy because many cars manufactured there. He also said it wouldn’t affect agency Staff as most production at Cowley will be automated machines so that probably won’t help Stafflines position.
Rsi of 18 is indicating well over sold