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Staffline - Prospective PE of 10 for next year

October 2005

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:
  • 105p
Staffline Recruitment (105; STAF) has the look of a company which seems well placed to string together a few years of consecutive growth even if the general economy stalls. The group, an expanding industrial recruitment business engaged mainly in the supply of temporary blue collar workers, joined AIM last December following a placing by broker Oriel which raised £6.7m at 80p to value it at £16.7m.  Staffline has been established for over two decades and has historically operated a traditional branch network located principally within the Leeds, Liverpool and Northampton triangle before a management buy out backed by ISIS in 2000. The existing management - managing director Andrew Hogarth and operations director M ...

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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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