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Staffline - Five year plan to grow eps to 200p

March 2018

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:
  • 964p
2017 was the final year of Staffline’s five year ‘Burst the Billion’ target of more than doubling sales to £1 billion. But in the end, the results, whilst excellent came in short of £1bn (I had felt momentum was fading last April when we sold the shares from Growth Portfolio 3 - Editor).As it was, sales were £958m, up 9% year-on-year (5% organic). Pretax profit (adjusted for £12.2m of restructuring costs on the Employability side) was down 1% at £36.3m as were eps at 112.6p.  The Recruitment side made all the running with divisional sales rising by 14% to £843.3m and profit by 7% to £20.2m. Here, Staffline mostly operates under the “onsite model,” op ...

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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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