Staffline Group (STAF)

Sector:

Support

Index:

FTSE AIM All-Share

 39.45p
   
  • Change Today:
      0.000p
  • 52 Week High: 92.80p
  • 52 Week Low: 38.64p
  • Currency: UK Pounds
  • Shares Issued: 165.72m
  • Volume: 27,688
  • Market Cap: £65.38m
  • RiskGrade: 424

Staffline shares sink as board addresses Thursday peak

By Josh White

Date: Friday 19 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Recruitment and training company Staffline responded to a spike in its share price on Friday, reporting that it was not aware of any reason for the price movement.

The AIM-traded firm's shares rocketed to a peak of just under 51p on Thursday, before closing the session at 49p.

It noted that on 27 April, it confirmed "good progress" had been made on agreeing a revised financing structure for its main banking facilities.

On Friday, it said progress had continued, with the board saying it expected to agree and implement a revised financing structure ahead of the publication of its preliminary results for the year ended 31 December.

"The company currently expects to publish audited preliminary results for the year ended 31 December shortly, and will confirm a date in due course," the directors said in their statement.

"While the audit work is yet to be finalised, the board now expects to report a small underlying EBITA loss for 2019, and pre-IFRS 16 net debt of £59.5m as at 31 December 2019."

As it had previously disclosed, Staffline was benefiting from HMRC's measures designed to support businesses in light of the Covid-19 crisis, particularly with respect to VAT deferral, which had "significantly improved" its liquidity through the end of 2020.

"The full report and accounts for the year ended 31 December 2019 is now expected to be published and sent to shareholders in July."

As a result, Staffline had applied for an extension to the current reporting deadline of 30 June, which was granted in accordance with the temporary measures put in place amid the Covid crisis.

At 1501 BST, shares in Staffline Group were down 25.77% at 36p.

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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 39.45p
Change Today 0.000p
% Change 0.00 %
52 Week High 92.80p
52 Week Low 38.64p
Volume 27,688
Shares Issued 165.72m
Market Cap £65.38m
RiskGrade 424

Staffline Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.47% above the market average63.47% above the market average63.47% above the market average63.47% above the market average63.47% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Price Trend
26.79% below the market average26.79% below the market average26.79% below the market average26.79% below the market average26.79% below the market average
22.52% below the sector average22.52% below the sector average22.52% below the sector average22.52% below the sector average22.52% below the sector average
Income Not Available
Growth
36.12% below the market average36.12% below the market average36.12% below the market average36.12% below the market average36.12% 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 08-Aug-2022

Time Volume / Share Price
13:20 104 @ 38.81p
13:14 1,262 @ 39.28p
10:12 550 @ 38.64p
08:39 12,886 @ 38.83p
08:39 12,886 @ 38.83p

Staffline Group Key Personnel

CEO Albert Ellis
CFO Daniel Quint

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