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Staffline - 90p broker target

July 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:
  • STAF
  • Price:
  • 60p
Staffline has reported FY 20 results, which had already been covered in last month’s issue, suffice to say sales were £928m with an underlying pretax profit of £0.7m versus a £2.1m loss. The strength in the result primarily came from Recruitment GB, led by a strong demand for staff, particularly in the food distribution, retail, e-commerce and logistics sectors. The other two operating divisions also returned to profit in H2 - Recruitment Ireland and PeoplePlus. At the beginning of June, PeoplePlus was awarded three contracts by outsourcing providers as part of the Restart Scheme. The  contracts could be worth up to £90m over four years and commence in H2 21. For FY 21, Liberum for ...

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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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