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Staffline - Liberum upgrades eps forecast by 6%

June 2011

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:
  • 238p
At the AGM during the month, Staffline reported that the trend towards temporary workers has continued and like-for-like results are running “significantly ahead of budget and last year.†Staffline said it therefore expects to comfortably meet, if not beat, market expectations. A bit of divergence between three broker forecasts but that is because some (eg Altium) have yet to factor in recent trading strength. On the other hand, Liberum has upgraded its eps forecast for the year by 6% to 28.5p and similarly for next year to 37.4p.Continue to buy. ...

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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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