Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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It’s ready to fly. 3 year and 5 year all met and it’s broke to the upside as I predicted. Heavy volume to follow
Kosh
The chart said it all. At 36-37p it was crucial it turned around and it did otherwise it could have been painful. Albert Elliss joining the board at HRNET and Henry Spain mopping up was the biggest giveaway something was happening. I strongly suspect the results will be good and a takeover on the cards
Looks like a bit more activity today
https://uk.finance.yahoo.com/news/cbi-urges-jeremy-hunt-relax-000125529.html
Maybe he’s listening and hopefully it will help turn the tides for recruitment companies
Well, Brex**** is directly to blame for the labour shortage.
Haha, my four letter word was redacted
https://uk.finance.yahoo.com/news/hunt-set-plans-tackle-surge-195211779.html
If he’s able to get the long term sick back to work that’s good news but good luck on that one.
He’d be better allowing overseas permits because at least they want to work.
Anyway long term sick will need training etc so I suspect Staffline will benefit from those plans.
I’m hoping this share follows the competitors like Robert Walters whose shares have risen sharply in recent weeks
Peakyblinder
This rise looks like it’s for real. We’ll hit the 200DMA soon then we’ll know what’s happening
Good luck, not one for me...
https://uk.yahoo.com/finance/news/hunt-cracks-down-benefit-claimants-172201295.html
He gave them a 10% pay rise for the privilege of staying at home and thinks they are answer to solving the shortage of labour issues!.
Nurses that worked through a pandemic have had 3% rise in 10 years! Nurses that never claimed any furlough because they worked are also made to pay more taxes while benefit claimants get 10% pay rise.
The system is broken.
Job market just dropped by 3.7% as employers cutting back on workers.
Should have more workers available then
Peakyblinder
https://www.advancepartners.com/blog/what-a-recession-means-for-staffing/
Will this predicted recession prove different from previous ones!
This time round we have a shortage of staff due to Covid and Europeans returning to their original countries due to cost of living and higher energy costs etc. Also EU restrictions on people entering UK.
Will this enable recruitment companies to continue demanding higher margins for staff available in the labour market or will recruitment have a over supply due to redundancy which occurs in recession.
This time things could be different but the markets are waiting before deciding.
Directors buying in shares may be a clue things are not as bad as some may fear.
So is the low price a buying opportunity or is more pain ahead!
Just been for breakfast with a top part of management at BMW. He expressed sympathy for nurses as he said BMW just gave the workforce on the shop floor a 14% pay rise.
Immediately our contract sprung to mind and I asked him about agency staff discreetly. He said BMW are busy and agency are important and much needed so I hope it shows in next results
http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3774&customerKey=Staffline&storyID=15650189
Henry Spain still buying
I've not taken a position yet, but may do next year...
Peakyblinder
I don’t think there’s any rush but hopefully 2023 may be better but economy is still In a bad place. Interesting to see how results are next month but all recruitment in the same situation. Staffline not offering a dividend doesn’t help when others like Hays and Robert Walters do. Hope this changes in 2023.
Hope everyone has a bless Christmas
Big sells going through, someone wants out...
Something not right with this one....