reports
- Hybridan Team
Hybridan Small Cap Feast: 21/05/2025
Our daily digest of news from UK Small Caps 21st May 2025 @HybridanLLP * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) or similar announcement has been made ***Arranged by type of listing and date of announcement ****Alphabetically arranged Dish of the day Admissions: None Delistings: On Tuesday 20th, Serinus Energy (SENX. L) left AIM What’s baking in the oven? Potential** Initial Public Offeri...
- Carl Smith
Staffline (STAF LN) - Strong momentum, still undervalued - Corporate
Staffline, one of the UK and Ireland’s leading recruitment groups, has released a positive AGM statement confirming strong trading momentum. Temporary worker hours from Recruitment GB in the first four months of FY25 are comfortably ahead (+6.6%) of the prior comparator, driving a 6.2% increase in Group gross profit over the same period. We expect strong gross profit growth to continue through FY25, in part driven by the new contract win announced last week that is expected to mobilise across Q2...
- Carl Smith
Audio Note: Staffline - Major contract win, upgrades to forecasts
In this audio note, Zeus’ Carl Smith summarises the investment case for Staffline. Staffline, one of the UK’s leading recruitment groups, has announced a significant strategic partnership with a leading food and drink supply chain management and logistics provider.
- Carl Smith
Staffline (STAF LN) - Major contract win, upgrades to forecasts - Corp...
Staffline, one of the UK’s leading recruitment groups, has announced a significant strategic partnership with a leading food and drink supply chain management and logistics provider. The agreement will mobilise c. 3,000 temporary workers and demonstrates Staffline’s ability to quickly deliver at scale as a trusted partner. As a result of this win, we increase FY25 underlying PBT by 12% to £5.9m, FY26 by 47% to £8.3m and FY27 by 45% to £8.7m. This follows on from a material outperformance of its ...
Staffline Group: 1 director
A director at Staffline Group bought 1,000,000 shares at 30p and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
- Carl Smith
Staffline (STAF LN) - Strong market outperformance - Corporate
Staffline, one of the UK’s leading recruitment groups, has announced FY24 results showing an excellent trading and cashflow performance against a challenging macroeconomic backdrop. Our analysis of UK-quoted peers’ CY24 results suggests a material outperformance by Staffline. With the disposal of PeoplePlus in February 2025, the Group is now a pure-play UK recruitment business with, in our view, attractive organic growth prospects. At a FY25 EV/EBIT multiple of only 3.6x, believe Staffline’s sha...
- Carl Smith
Staffline (STAF LN) - PeoplePlus disposal and £7.5m share buyback - Co...
Staffline has announced the disposal of its workplace training and employability business, PeoplePlus, for net cash proceeds of up to £6.9m. In our view, PeoplePlus was a non-core asset and this deal simplifies Staffline’s platform, allowing it to focus on the faster-growing and strong performing recruitment businesses across the UK and Ireland. The cash proceeds add to Staffline’s already strong net cash position (£9.7m at 31 December 2024, ex. leases), providing the funds for a new £7.5m share...
- Carl Smith
Staffline (STAF LN) - Strong net cash position and market outperforman...
Staffline’s FY24 trading update showed a strong performance that beat Zeus’ expectations and demonstrates the resilience of its business model. The Group has made market share gains in its blue-collar sectors and recorded robust growth in permanent recruitment fees, offsetting the expected weakness in PeoplePlus. Underlying EBIT of £11.1m was 10.5% ahead of our estimate and net cash (ex. leases) of £9.7m was significantly ahead of our £2.9m net debt estimate. We have rebased FY25 and FY26 estima...
Hybridan Small Cap Feast - 30 July 24
30th July 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Mining, Minerals & Metals Plc (MMM.L) has completed the acquisition of Georgina Energy Plc and will now be trading on the London Stock Exchange under the name Georgina Energy plc (GEX.L). Georgina is an early-stage well redevelopment company which has ...
- Carl Smith
Staffline (STAF LN)
Staffline’s interim results show another resilient performance despite ongoing macro headwinds in the wider recruitment industry. Underlying operating profit is broadly flat year on year, with strong Recruitment GB and Ireland performances being offset by lower profit from PeoplePlus, as anticipated. With momentum in Recruitment GB and Ireland, we have increased FY24 underlying EBIT forecasts by 11%, albeit higher interest charges on working capital financing offset this at the underlying PBT le...
- Emily Liu
Hybridan Small Cap Feast 10-06-2024
10th June 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...
- Carl Smith
- VRS RESEARCH TEAM
STAFFLINE GROUP PLC Flash Note
Staffline Group plc provides recruitment and outsourced human resource services. The Company specializes in supplying temporary and blue collar industrial workers and permanent placement in the engineering and consumer goods sectors. Staffline Group offers its services worldwide.
- Carl Smith
Staffline (STAF LN) - Outperforming peers
Key ruling sets out the ability to claim compensation for non-whiplash injuries alongside whiplash claims, without the quantum of damages being restricted by the Whiplash Injury Regulations, supporting the Group’s legal services division Bond Turner in pursing the optimal outcome for the claimants it represents.
- Carl Smith
Staffline (STAF LN) - Robust results
Staffline’s FY23 results present a resilient trading performance throughout tough market conditions. FY23 Adj. EBIT of £10.3m is 2.0% ahead of the £10.1m we forecast and, impressively, is broadly in line with our original £10.4m estimate set over a year ago in January 2023, testament to the Group’s resilient model and strong cost control.
- Carl Smith
- Carl Smith
Audio Note: Staffline - Resilient business model
In this audio note, Zeus’ Carl Smith summarises the investment case for Staffline. Staffline’s H1 results show a good performance in challenging market conditions and the Group is on track to meet current market expectations for FY23, subject to its usual H2 weighting. Listen to the audio note below, and read the full research here.
- Carl Smith
- Mike Allen
Staffline (STAF LN) - Resilient business model
Staffline’s H1 results show a good performance in challenging market conditions and the Group is on track to meet current market expectations for FY23, subject to its usual H2 weighting. Therefore, Zeus underlying EBIT forecasts are unchanged, but we factor in the newly announced £4m share buyback programme which boosts EPS estimates. We reiterate our investment case that Staffline has a uniquely diversified platform across recruitment services, longstanding blue-chip clients, a robust balance s...
- Carl Smith
- Carl Smith
- Mike Allen
Staffline (STAF LN) - AGM statement
Staffline has confirmed it remains on track to hit our FY23 estimates following a strong FY22 performance. Signs of stronger organic growth are coming through in both the UK and Ireland driven mainly by contract extensions in Recruitment GB and People Plus. We make no changes to our forecasts at this juncture and remain comfortable with our valuation per share of 62.2p illustrating compelling upside from current levels. We continue to believe that Staffline is well positioned to navigate current...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.