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SThree - Forecast up after barnstorming H1

August 2021

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:
  • STEM
  • Price:
  • 501p
SThree’s (STEM; 501p) business has been on a bit of a tear in the past six months. Describing itself as the only global provider of technical staffing, CEO Mark Dorman, who I met last month, reports that it continues to see unprecedented growth prospects for its services. As a result, brokers have been rapidly upgrading their numbers. Liberum has just raised its forecast by 8% as I write, having already increased it by 15% last month. However, Dorman has set himself FY24 targets (set in November 2019) to increase SThree’s STEM recruitment market share in the US, UK, Germany, Netherlands and Japan from 2% to 3% and to achieve a 21-24% conversion ratio (how much of the mark-up on contractors and permanent placements ...

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