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Staffline

October 2019

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:
  • 106p
When I was looking at a table ranking the returns in the recruitment sector, what was astonishing was the chart topping conversion of NFI to operating profit from Singaporean staffer HRNet of 43.8%, well ahead of anything on the UK market. Ahead of Staffline reporting interims last month HRNet increased its holding in Staffline further to 29.9%.As it was, Staffline’s H1 19 results were weak,  reflecting the difficult trading conditions experienced in H1 and marred by the national minimum wage issues it encountered. Revenues increased by 11% to £534.6m but there were £9.2m of P&L non-underlying items including exceptionals relating to the extended audit. Adjusting for that, underlying EBIT decreased by 77% ...

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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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