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Staffline - Eps forecast lifted from 107.6p to 117p

February 2016

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:
  • 1350p
With some recruiters recently saying trading has been soft, I had that heart in my mouth feeling ahead of FY 15 results. But once again chief executive Andy Hogarth proved a safe pair of hands. Overall sales were up 40% to £702m (17% organic), pretax profit before exceptionals was up 52% to £28.3m and eps were up 55% to 92.4p. And speaking to Hogarth, it seems things are going swimmingly well to achieve the £1bn sales target next year with record new business in Q1 16.Staffline’s Staffing side saw record organic growth in its Onsite business and having added 32 Onsites in H1, it added 38 in H2, making 70 for the year to total 305. Of those, 52 were organic openings and 18 came from the two acquisitions of Mi ...

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