Staffline Group (STAF)

Sector:

Support

Index:

FTSE AIM All-Share

39.90p
   
  • Change Today:
      0.90p
  • 52 Week High: 92.80
  • 52 Week Low: 38.90
  • Currency: UK Pounds
  • Shares Issued: 164.75m
  • Volume: 38,630
  • Market Cap: £65.74m
  • RiskGrade: 424

Staffline CEO stands down following series of profit warnings

By Iain Gilbert

Date: Thursday 20 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Recruitment and training group Staffline's chief executive Chris Pullen tendered his resignation to the board on Thursday as the group looked to reduce potential covenant risks while operating in a "competitive environment".
Staffline said Pullen would continue to carry out his role as chief executive during his notice period in order to facilitate an orderly succession and maintain business continuity.

The AIM-listed group noted that it would immediately initiate a formal executive search process to identify a replacement for Pullen.

In terms of recent trading, Staffline said its full-year 2020 outlook remained "unchanged and in-line with market expectations" despite continuing to operate in a "competitive environment".

Staffline said it remained in "constructive dialogue" with its lenders and expects to reach agreement on revised terms that will remove the risk of covenant issues and ensure that it retains "sufficient liquidity headroom".

The company cautioned in January that annual adjusted profits were expected to be significantly lower than previously forecast. The warning followed three profit warnings in 2019.

The group's net debt position at 31 December 2019 was expected to be ?60m, which the company noted remained subject to audit.

As of 0950 GMT, Staffline shares had sunk 6.54% to 43.46p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Staffline Group Market Data

Currency UK Pounds
Share Price 39.90p
Change Today 0.90p
% Change 2.31 %
52 Week High 92.80
52 Week Low 38.90
Volume 38,630
Shares Issued 164.75m
Market Cap £65.74m
RiskGrade 424

Staffline Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.28% above the market average69.28% above the market average69.28% above the market average69.28% above the market average69.28% above the market average
77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average
Price Trend
32.59% below the market average32.59% below the market average32.59% below the market average32.59% below the market average32.59% below the market average
36.94% below the sector average36.94% below the sector average36.94% below the sector average36.94% below the sector average36.94% below the sector average
Income Not Available
Growth
36.29% below the market average36.29% below the market average36.29% below the market average36.29% below the market average36.29% below the market average
42.06% below the sector average42.06% below the sector average42.06% below the sector average42.06% below the sector average42.06% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Staffline Group Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Oct-18 31-May-18
Paid 13-Nov-18 03-Jul-18
Amount 11.30p 15.70p

Trades for 09-Aug-2022

Time Volume / Share Price
11:09 5,235 @ 39.90p
11:00 5,410 @ 40.00p
11:00 8,291 @ 39.90p
10:45 4,700 @ 39.00p
08:01 2,494 @ 39.70p

Staffline Group Key Personnel

CEO Albert Ellis
CFO Daniel Quint

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