RE: Down15 Oct 2014 20:14
I think it had something to do with Michael Page's (MP) results, which dragged this SP down. However, the results of MP was misinterpreted as being a profit warning when they just mention that their next years profit will be more or less flatlined.
Apart from another ONS employment update in Nov and Dec and the trading update in Jan 2015, there may be other news that could push this SP up, I.e full blown QE by ECB or the rumour of special dividend that could come to fruition.
However, at those low price I think the SP is a great bargain especially with a PE ratio of 18, which much less than Hays' peers.
As usual DYOR and GLA.