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Riddler - any chance you take a look at companies as some two new documents are posted. I checked out the address for the new address change and its showing as a RSM office in Leeds. Any thoughts on what to make of these documents on companies house?
https://find-and-update.company-information.service.gov.uk/company/04812855/filing-history
Between Henry Spain and HRNET they hold 48% of the company shares
1.3 million sell gone through. Fund has to be out this is what's been holding the price back
Nice £60k buy at 5pm showing
There is a seller once they clear this will move up. For any believers a 1 single buy went through which may mean the next bit of news should be the seller hopefully has reduced their holding or has cleared
The news today puts in to perspective and confirms that the HMRC debt due will be spread over 12 months interest free which relieves pressure on STAF financials and to add they announced at the same time more contracts which will result in more revenue. WIN WIN
If the BOD here come out and confirm this then we're in a good place to move upwards
Loads of news to come before then- Staf hopefully will secure some finance to cover the HMRC payment or they may get it deferred as mentioned in their results yesterday (they mention about having talks with HMRC to see whether the payment ca be delayed)
Due to the COVID-19 pandemic, the Company will not be able to post its annual audited report and accounts for the financial year ended 31 December 2019 ("Annual Report") to shareholders by 30 June 2020. The Company has applied to AIM Regulation, pursuant to the guidance provided by AIM Regulation in "Inside AIM" on 26 March 2020, for an additional period of up to 3 months to publish the Annual Report. AIM Regulation has granted the extension and therefore the Company will publish the Annual Report by no later than 30 September 2020
Check out HRNET last results on here http://investor.hrnetgroup.com/news.html/id/792110 check how much cash they have in the bank £280 million plus and they are one of Staffline biggest holder at 29.95% there could be a possibility they lend or do some sort of deal to support Staffline in terms of the HMRC debt
Taken from the AGM meeting of HRNET
Question 5:
Outlook on overseas investment (including Staffline in United Kingdom and others).
"The context and developments are shared through the responses to the questions that followed. Last year, the Company made an opportunistic acquisition of 29.95% in UK AIM-listed Staffline Group plc (“Stafflline”) at a total cost of S$55.4m.
We have observed how Staffline rose to their Billion-pound mark in revenues, how they picked themselves up from the payroll incident, how they walked through Brexit pains last year. And now, the world is walking through COVID-19 together. Staffline is no exception."
Sorry after the interims they can buy I thought you said "BoD need to boost sp by showing motivation and trust in STAF by buying at least 50,000 shares each today or tomorrow" they cannot buy today nor tomorrow as results are due to be released on Wednesday and this would be classed as insider trading
Bod cannot buy as news is due to be released
Expect news this week. The rise from .125 to .16 in the last few trading hours which was a decent bounce and hopefully this will continue on Monday. Hopefully we got some news before markets open which will help sustain and build on that rise
It should be noted that this is a conversion of Convertible Bonds already issued pursuant to previous draw downs made by the Company under the Financing and Settlement Agreement and is not a request from the Company to draw down anything further under that facility.