They come around so quickly and yes this Monday is the third Monday. This month we have the pleasure of welcoming Tim Jackson the finance director and Marshall Evans the operations director of Staffline (STAF) who will be doing a presentation and no doubt telling us all about the latest acquisition that completed this week. Here is a link to a news feature on that one and a pretty picture so we know what Tim looks like...
http://www.businessweekly.co.uk/index.php?option=com_content...
Andy Hogarth, Staffline’s chairman and chief executive, said: “Qubic is an excellent fit with Staffline. The business has principles very similar to our own and will provide us with a strengthening of our offering in the manufacturing sector.“Our strong trading performance will enable us to continue to look for similar acquisition opportunities to enhance the Group.”
There is certainly no doubting that strong trading performance and they have had two profit upgrades in the last three months with the year end still two months away. Three weeks ago on another board I said this about Staffline....(http://boards.fool.co.uk/hi-chevin-once-again-nice-to-see-yo...)
Staffline (STAF) £1.90
This company really seem to be doing well out of uncertainty in the jobs market and this was reported two days ago...
Staffline, a national outsourcing organisation providing people and operational expertise to industry, today announces that, due to continuing strong trading conditions, the Board now expects earnings for the full financial year to be significantly ahead of current expectations.
http://www.investegate.co.uk/Article.aspx?id=201010220700098......
Staffline Group plc is a recruitment organisation specializing in food processing, manufacturing, e-retail and logistics. Staffline provides and manages industrial workforces and uses training and business improvement techniques to ensure increased levels of efficiency to give their clients a significant commercial advantage. Operating from 150 locations in the UK Staffline supply in excess of 17,000 blue collar workers each day, peaking at over 20,000 in December. Brands include Staffline Express, the High Street branch operation, OnSite based on clients premises, Peter Rowley a national training and consultancy organisation and OSP a specialist volume recruitment call centre.
I can see them having a strong end to the year as earnings tend to peak at Christmas and the 2010 eps should come in at least 24p now with next year having potential to grow further so another low rating but this time for a company growing earnings at over…
