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Staffline - 18 new Onsites in H1

August 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • STAF
  • Price:
  • 950p
Remember when in February Staffline hit next year's forecasts a year early? Speaking to chief executive Andy Hogarth following this months interims I came away with the distinct feeling that this phenomenon is about to repeat again this year. It's not just the numbers themselves, which were obviously good (sales up 11% to £189.5m, pretax profit up 30% to £6.4m, eps up 30% to 22.2p and dps up 31% to 5p) but more the momentum within its two key businesses. For  instance, Staffline's Onsite business (sales of £341m in 2013), which supplies blue collar temporary workers, has expanded by 18 locations in the latest first half, against four in the first half last year and 15 in the whole of last year. Last years openings were bunc ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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