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Staffline

September 2024

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:
  • 36p
This month’s interim results have revealed an impressive 50% surge in profits from Staffline’s two recruitment businesses, despite the challenging backdrop, although this was offset by the PeoplePlus division, which faced a dip mainly due to the sudden election call, which threw a wrench in the awarding of new contracts. Yet even with this setback, overall sales soared by 12%, reaching £480m with Recruitment GB +15% to £393 million. Speaking to Chief Executive Albert Ellis and Finance Director Daniel Quint, the standout achievement at Recruitment GB is the 9.2% increase in hours worked. But this was not just about more ready meals flying off the shelves, requiring Staffline to find workers for factories, HGV drivers, warehouse ope ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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