Keyword results: Staffline

Big Labour Shortages Help this Blue Collar Recruiter to Boost Its Profits.

Hello, Share Users. This old punter avoided recruitment firms at the height of the pandemic. But it now seems to be a growth area with a shortage of employees in several sectors. Like hospitality and lorry driving for instance. One of the more interesting recruitment outfits is Staffline (STAF). The share price took a massive hit at the start of the pandemic and it had a bit of an issue with accounting fraud and a consequent balance sheet reconstruction. But it’s just provided a six month trading statement and things look good going forward.  

Staffline – argues “well positioned to take advantage of the increasing opportunities”. Really?...

A trading update from recruitment and training group Staffline (STAF) emphasises “underlying operating profit increased 133% in Q1 2021 year-on-year… provides increased confidence in the full year”. How justified is a share price rise to around 75p?…

Staffline – litany of woe continues as CEO follows CFO, auditor & others to the exit

Recruitment and training company Staffline (STAF) has announced CEO Chris Pullen has “tendered his resignation to the board”. It seeks to reassure that he will “continue… during his notice period in order to facilitate an orderly succession and maintain business continuity”, that “the board's outlook for 2020 remains unchanged” and that it “expects to reach agreement with respect to revised terms that will remove the risk of covenant issues and ensure that the company retains sufficient liquidity headroom”. The shares are though still lower, below 45p…

Table of shorted AIM shares - week to 28/06/2019

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

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Tom Winnifrith Bearcast: Putting Nigel on the spot on Sosandar & the double standards of the bell-ends at the LSE Asylum

I discuss the double standards of those running the LSE Asylum with reference to UK Oil & Gas (UKOG), its lying CEO and some poltroon who asserts I take bribes. I ask Nigel if he still thinks Sosandar (SOS) is a buy at sub 20p as it is sub 20p. I'm not sure. I look at greed and rewarding failure at Staffline (STAF), pass on rumours about Union Jack Oil (UJO) and comment on Bluejay Mining (JAY) and Dev Clever (DEV). Now it's back to hard work at the Welsh Hovel.

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Tom Winnifrith Bearcast: Bear Raid on Future PLC - shares could still halve from here

In today's podcast I look at Union Jack Oil (UJO), Sound Energy (SOU), Westminster Group (WSG), PCG Entertainment (PCGE), Bluejay (JAY), why Nigel Somerville is, today only, wrong about Neil Woodford, Future (FUTR) and Staffline (STAF).

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Tom Winnifrith Bearcast: the debt markets are screaming out that Thomas Cook shares are toast

Sorry for the late podcast but I have spent most of the day renovating another room in the Welsh Hovel. I may post some pictures later but it is far more entertaining than even writing about Neil Woodford's woes or Julie Meyer's lingerie. In today's podcast I look at Thomas Cook (TCG), Audioboom (BOOM), Kier (KIE), Staffline (STAF), Dev Clever (DEV) and the Woodford Patient Capital Trust (WPCT), where, of course, I remain a loyal shareholder. Ho. ho. ho.

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Staffline – I having previously asked “worse to come? (what about the debt?!)”…

I wrote on recruitment and training group Staffline (STAF) last month with the shares at around 400p; “Trading Update” dire… but worse to come? (what about the debt?!). They commenced today at 239p and are now further lower on the back of a “Notice of Results & Group Update”

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Tom Winnifrith Bearcast: Advice for Andrew Monk on how to be a spiv

I start with a comment on the amazing generosity of one person donating more than £11,000 to Rogue Bloggers for Woodlarks yesterday. It was not Neil Woodford though I did ask. Anyhow: to the 75% of you yet to donate think of me this weekend on a) my last training walk ahead of 33 miles next weekend and b) entertaining a visiting mother in law. As you think of my weekend, please donate HERE. In the podcast I discuss Woodford's latest bad news, Maistro (MAIS), Blur as was, UK Oil & Gas (UKOG) and Staffline (STAF). I also offer advice to Andrew Monk on which 1 AIM stock he should buy today for his mother's IHT Portfolio.

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Staffline – some EU success; “pleased to announce” contract wins… but enough to suggest a buy?

Following an update & shares resume trading yesterday, a “£35 million contract wins” announcement from recruitment and training group Staffline (STAF) today…

Staffline – update & shares resume trading, accusations deliberately timed to cause maximum disruption?

On 30th January, after at first only announcing “Delay to publication of results… the company will provide a further update as soon as possible”, shares in Staffline (STAF) were eventually suspended (3:50pm) and it was updated (6:14pm) including that “concerns were brought to the attention of the board relating to invoicing and payroll practices… shareholders will be updated in due course”. Today a “Group Update and Restoration of Trading” – and the shares currently more than 25% higher, at around 840p, capitalising the company at £235 million…

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Tom Winnifrith Bearcast: KPMG, Grant Thornton, Pinsent Masons - you are corporate scumbags but its not you but your employees that enable fraud

Covering Quindell (QPP), Naibu (NBU), Patisserie Holdings (CAKE), Staffline (STAF), Sefton (SER) and more I look at the role of auditors and lawyers in enabling corporate fraud and what needs to change to stop this.

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Tom Winnifrith Bonus Bearcast: PWC alleges accounting issues at Staffline, shares suspended - what next?

I know that Thirsty Paul Scott was a major bull of Staffline (STAF) and a shareholder. Today's shocking news of allegations of accounting irregularities made by the company's own auditor PWC and a share suspension is enough to turn any man to drink. In this podcast I give background and explain what I think the outcome will be. It is bad but not, I suspect, a Patisserie Holdings (CAKE) but it might get very nasty.

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Tom Winnifrith Bearcast: Lord Razzall fecks off back to the Westminster Swamp but his final numbers from Boxhill are bollocks

In today's podcast I take a detailed look at Boxhill (BOX) and at Yu Group (YU.) - I believe numbers from neither. I ask questions about Staffline (STAF) and its curious statement today. And i also do some number crunching on the living dead, Phontonstar Led (PSL) and have a few thoughts on Independent Oil & Gas (IOG)

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NXT
NXT

Next and Staffline under the spotlight next week

Ahead of a more comprehensive review of annual broker and tipster activity next week, this week’s article focuses on two expected early-January trading announcements from Next (NXT) and Staffline (STAF). Strong returns on Next shares were wiped out during a disappointing second half to the year, while shareholders of Staffline will be happy with a return of over 20% in 2018. Both updates will be seen as important early indicators for their respective sectors, but are brokers and tipsters bullish about both companies’ future prospects?

This Growing Giant Could Be Just the Job for a New Opening in Your Portfolio

Hello, Share Twiddlers. When my sons were looking for starter jobs after university, they found little trouble collecting work from recruitment agencies. Not jobs found by said agencies, but actually working for the recruiter. I take it from this that recruitment is a promising sector at the moment.

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Tom Winnifrith BearCast 1 August - The lesson of Afren & Executive Greed

In today's podcast I look at what is the critical lesson we draw from Afren's demise - that debt is crack cocaine for CEOs. Then there is the wider issue prompted by an RNS at no-one is watching O'clock Friday from Staffline of executive share options, LTIPs and greed.

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