I Read The News Today Oh Boy! 24-Jan-2018

Wednesday, Jan 24 2018 by
18

Morning All!

Staffline ( Staffline (LON:STAF) ) – 1006p – £280.2m – PER 8.57

Audited Results For The 12 Months To End December 2017 – This looks like a slight miss to me, Revenue is up 8.5% to £957.8m but underlying PBT (£36.3m) was below that of 2016. Note, the CFO has been promoted to CEO and a new CFO has been brought in.

I still see this as just reasonably priced and will remain Neutral.

Empresaria Group ( Empresaria (LON:EMR) ) – 100.1p – £49.1m – PER 7.36

Trading Update For The 12 Months To End December 2017 – In-line, record PBT (up 20%) with diluted EPS up 9% or so. No outlook or update on current trading given.

Net Debt circa 30% of Mkt Cap is probably the main concern here. Most other fundamentals look OK but just don’t find myself tempted here.

Hotel Chocolat Group ( Hotel Chocolat (LON:HOTC) ) – 340p – £383.6m – PER 34.5

Trading Update For The 13 Weeks To End December 2017 – Revenue up 15% and trading continues in-line with management’s expectations.

This is just way too expensive for me at these levels.

Centaur Media ( Centaur Media (LON:CAU) ) – 50.25p – £72.6m – PER 15.0

Trading Update For The 12 Months To End December 2017 – Not much in this really, picked out “Material improvement in both cash collection and debtors' days” and “Continued progress with the operational improvement programme, resulting in increased efficiencies and reduced costs”.

The fundamentals (on Stockopedia) look mixed, Profit, Loss, Profit, etc. and the Revenues don’t seem to be growing much either. I am just not tempted here at present.

Hostelworld ( Hostelworld (LON:HSW) ) – 360.5p – £344.5m – PER 19.9

Trading Update For The 12 Months To End December 2017 – In-line.

Looking back on my notes - I still wonder who uses Hostelworld? I am sure it has an audience (that’s clear from the booking numbers), perhaps in the backpacker world. However, with AirBnB and Booking.com out there too, how long before those…

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Staffline Group plc is a holding company, which is engaged in the provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The Company has two segments: Staffing Services, which includes the provision of temporary staff to customers, and PeoplePlus, which includes the provision of welfare to work and other training services. Its Staffing Services focuses on providing complete labor solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors. Its recruitment business operates from well over 300 locations in the United Kingdom, Eire and Poland. The Staffing brands include Staffline OnSite, based on clients' premises providing both blue and white collar, out-sourced, temporary workforces. Its Employability includes work program, prime contractor in over nine regions and sub-contracts in approximately five regions in England. more »

LSE Price
324p
Change
-2.1%
Mkt Cap (£m)
92.5
P/E (fwd)
2.7
Yield (fwd)
8.8

Empresaria Group plc is a United Kingdom-based international specialist staffing company. The Company's principal activity is the provision of staffing and recruitment services. The Company is organized across three regions: UK, Continental Europe and Rest of the World and operates across seven key sectors. The Company targets a balanced and diversified spread of operations across its regions and sectors. The Company also targets professional and specialist job levels where its brands can offer value added services to clients. The Company has three main service lines, temporary recruitment, permanent recruitment and offshore recruitment services. The Company’s offshore recruitment services represents a range of different recruitment services and provides training services in South East Asia. The Company's brands include Alternattiva, Ball and Hoolahan, Become, FastTrack and Greycoat. It has operations in 21 countries. more »

LSE Price
75p
Change
 
Mkt Cap (£m)
36.8
P/E (fwd)
6.1
Yield (fwd)
3.0

Hotel Chocolat Group plc is a chocolate company. The Company is engaged in manufacturing and retailing of chocolate in the United Kingdom and overseas. The Company operates in three areas: the United Kingdom, Europe and Rest of World. The Company offers chocolates under the brand, Hotel Chocolat. The Company sells its chocolate direct to customers though subscription, online and its approximately 83 stores. The Company's product ranges include self purchase, gift and occasion, rare and vintage, and other. Its product types include boxed chocolates, luxury boxed chocolates slabs and batons, enrobed fruit and nuts, chocolate hampers, ribbon bags, wine and spirits, hot chocolate and cocoa cuisine. Its chocolate types include dark, milk, white, bean to bar, boozy, caramel, cocoa gin, coffee, fruity, marzipan, mint, nut, patisserie, praline and truffles. The Company owns a cocoa plantation in Saint Lucia called the Rabot Estate. more »

LSE Price
335p
Change
-0.3%
Mkt Cap (£m)
379.1
P/E (fwd)
31.9
Yield (fwd)
0.6



  Is LON:STAF fundamentally strong or weak? Find out More »


4 Posts on this Thread show/hide all

MrContrarian 24th Jan '18 1 of 4
9

My morning smallcap tweet: Do read the contrasting statements from £CWD's resigning CEO & Chmn.

Countrywide (LON:CWD), Cloudbuy (LON:CBUY), STM (LON:STM), Ubisense (LON:UBI), Eservglobal (LON:ESG), Staffline (LON:STAF)

Countrywide (CWD) CEO resigns, immediate effect. She says "Since joining in 2014 I have worked hard, within a difficult market, to structure a fragmented business into one set for success. I believe those actions will serve Countrywide well in the future. However, the time is now right for me to step aside. I look forward to seeing the business build back and return to growth." If you've done a good job why resign w/o notice? It's BS. Chmn says "...we have a strong and successful business in Financial Services, B2B and Commercial led by an experienced and committed management team. Within our core Sales and Lettings area, however, we have lost focus and a key priority will be to implement changes that will enable this area to start delivering once again." So CEO leaves a screwed core business but is allowed a smug valedictory. You haven't fooled anyone but yourself! I'm short.
Cloudbuy (CBUY) FY trading. Revenue expected to be below market expectations, EBITDA loss broadly in line with market expectations at about half of 2016. "Whilst 2017 was another difficult year for the Company, we have continued to execute our strategy of focus and simplification to half [sic] our EBITDA loss...". Last time chmn said "Whilst this has been a difficult year for the Company we have continued to make operational progress, the benefits of which we would expect to see next year..." Can you write next year's for him?
STM Group (STM) guides FY in line, pretax at least £3.8m. Movng head office to UK this month. Gibraltar not to your liking anymore now the regulator has taken his muzzle off?
Ubisense Group (UBI) FY trading. Rev up - Own product revenue growth has more than offset the expected transition away from legacy third party services projects. Net funds £6.6m.
eServglobal (ESG) Trading for 14 months to December. Core business revenue expected to fall short of previous guidance, group revenue €8.3m to €8.5m. This is due to delays in the signing of certain significant orders. €3M orders which were expected in Q4, have now been signed in January, with the full value recognisable over 3 years.
Staffline Group (STAF) Shows how fast FY results can be produced. 24 days, and they're audited. EPS 71.1 (58.8) . U/L EPS down at 112.6 (114). FY div 26.7p (25.8p). Outlook positive. New 5-year target of 200p EPS. CEO resChris Pullen and Mike Watts to be appointed CEO & CFO, respectively, from 24 Jan, as prev announced. I hold.

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aflash 24th Jan '18 2 of 4
1

Hostelworld (LON:HSW)

By coincidence I used their services last night and the web site is excellent.
Maybe that explains why the share is so expensive.
I bought years ago and sold for a quick profit.
At the time there was an animated discussion on the SCVR about backpackers' habits and hostels. The consensus was that they are very price sensitive and there are cheaper hostels and sites available. (Use the 'Discuss' tab if interested).
 My 70th birthday is close but the condo on offer was too expensive and the hostel where I have stayed before in that town too 'grotty'. HSW found another one and provided photos and details which were very clear and the payment instructions equally so.

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matylda 24th Jan '18 3 of 4
1

In reply to post #303663

Thanks for the background on Hostelworld (LON:HSW) its appreciated.

Have to say always use Airbnb or Booking myself but I guess that's mainly because there's 3 of us with the little one. Actually also had enough of hostels in my backpacking days, the days when it was mostly a pick from the latest hard copy Lonely Planet guide!

Have a great 70th!

Blog: Briefed Up
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Beginner 24th Jan '18 4 of 4
2

In reply to post #303878

Hi Mat
Just a wee tip if you are booking hotel accommodation in the UK. Use tripadvisor and booking.com to find a place you like, then ring the establishment direct, even if the sites say it is full. Most small places only put a proportion of their rooms on the web, as the commission from the booking agents is horrendous! (Often over 60%) That also means you will often get a better deal from the establishment itself rather than through the web. Always ask the receptionist if there are 'deals' to be had when you ring. (I've now been working in this field for a few years, so speak from experience).

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