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 interim pre-tax losses widen, revenues drop

By Iain Gilbert

Date: Wednesday 23 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Recruitment firm Staffline said on Wednesday that interim pre-tax losses had widened amid a drop in revenues.
Staffline posted a pre-tax loss of £47.7m for the six months ended 30 June, a 284% widening year-on-year, as revenues slumped 16.8% to £434.9m. Underlying earnings fell 84% to £1.0m.

The AIM-listed company acknowledged that the current trading environment "remains challenging" but also stated that it was "confident" that the actions undertaken in the first half of 2020 had increased its "resilience" and placed it on "a much improved" strategic and financial platform.

Chairman Ian Lawson said: "Staffline continued to successfully service its customer base, and our business proved resilient in the first half of 2020 despite Covid-19 significantly impacting a number of the group's key sectors.

"Whilst we anticipate a stronger trading performance in H2 2020, there is a very high level of uncertainty across the market as a result of Covid-19."

Separately, Staffline said non-executive director Albert Ellis had been elevated to chief executive on Wednesday, effective 1 October.

As of 1345 BST, Staffline shares were up 12.20% at 27.68p.

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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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