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Someone has splashed out on Staffline today. Wonder who would be buying at such levels?
Expect to see a rns tomorrow about Henry Spain buying again.
Yet the share doesn't move. What's going on?
Look at those huge buys...
30p+ today imho dyor
Think you are getting a bit carried away but would expect some decent upside with such large buys. Someone is expecting some good news!
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!
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!)
So many shares moving hands.
Surely someone ready to buy this out.
However surely it would need to be a decent offer.
How many shares does Henry Spain before he has to declare his intention
Read this if it's allowed:
https://www.burges-salmon.com/news-and-insight/publications/guide-to-public-takeovers-in-the-uk
Section 6 says 30%
Not Henry Spwin but Schroders increasing their holding to above 10%.
https://www.schroders.com/en/global/individual/about-us/who-we-are/
They barely increased by 0.5%
Nearly 8m shares equates to over 5% changing hands
So we have the big seller, who's the big buyer?
I think to confirm this is the start of a new bull run the share needs to smash through 26p with high volume.
26p is the resistance level on the 1 and 2 year chart. If this goes next week we could see a quick rise to 30p in my opinion.
Results soon could help the price move quickly either way depending on the statement about the future.
It’s such a shame they never raised more at 50p and cleared the debt as refinancing will be an issue however interest rates are now falling so this will help.
I personally feel it’s a dirt cheap stock at these levels if you’re a longer term investor
Just listened to Zak Mir on X and he gave STAF a mention. Maybe the start of something interesting i.e HRNet and Henry Spain have significant holdings so I'd be surprised if either or both don't mount a bid given the low sp.
GLA
If I'm right the sp hit 3000p at one stage. Surely we've bottomed out at 25p and surely this has got the attention of potential suitors??
Https://zakstraderscafe.com/bulletin-board-heroes-january-5/8247/
I think this is the Zak Mir link.
I actually think he’s correct as regards the 30p target however if large buys keep coming in as like the past week I’d expect it to hit 30p much sooner and I’d be be bold and say before results this month.
However I’m watching the 26p target that was tested Friday. I’m sure it will retest early next week and any breakthrough I expect 30p shortly.
We are also missing the fact that it appears both Henry Spain and other large investors are taking higher stakes at these levels so a possibility someone believes they are under valued.
The key is confidence and the old board destroyed it with false accounting but that was many years ago and the decks were cleared.
This will fly on a positive outlook statement and falling interest rates.
A shortage of people willing to work and higher inflation has hurt Staffline. The later eroding margins but inflation and interest falling is now a positive.
That said LTHs oversubscribed at 50p capital raise will feel underwater unless they are able to buy more low and bring averages down.
I truly feel this will be much higher at the end of 2024 if a takeover ain’t launched
HRNet have no interest in buying staffline.
Hopefully, the big seller is done and mid 30's beckons
Kosh
Why do you think Henry Spain keeps buying!.
Wish I knew Jammie.
If they are the big buyer, then they will be at 30%.
Add in 15% from HRNet, 10% from Schroders and other players and they have it all sown up for a cheap buy.
I'm hoping for news of a buyout this week (fingers crossed)
I bought big time a few weeks ago in my sipp and I'm happy with an exit price in the 30's.
40's would be better and 50's a dream. All achievable if management get things sorted.
Time for the breaks to come off surely
Like a snail but at least it's in the right direction.
Schroders showing confidence. Was really expecting a HS rns today.
Just over 1% spread and we’re still falling. Something strange and can only assume a large buy order being filled
Looks like FIL Limited will be done soon.
Once that overhang goes, it should get better.
My question is why would they sell if they thought the sector would recover this year!
Has Hays painted a dull picture for 2024.
Who knows but the price is a joke for LTHs