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Staffline

February 2017

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:
  • 1050p
Excellent 2016 results from Staffline. Overall, sales went up 26% to £882.4m (12% organic), pretax profit by 27% to £35.9m and eps went up 23% to 114p.Back in 2005, when I first tipped Staffline at just 105p, who would have dreamt it would come so far. Back then its Staffing business operated 17 site based units on customers’ premises under chief executive Andy Hogarth’s “Onsite model” whereas in 2016 alone it opened 52 (to take the total 357).   There are 50,000 workers across those onsites, around 75% of which are EU migrants and although there have been fewer migrants coming into the UK post the Brexit vote, Staffline still managed to fill all the jobs and segmental underlying ...

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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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