Hello, Share Users. This old punter avoided recruitment firms at the height of the pandemic. But it now seems to be a growth area with a shortage of employees in several sectors. Like hospitality and lorry driving for instance. One of the more interesting recruitment outfits is Staffline (STAF). The share price took a massive hit at the start of the pandemic and it had a bit of an issue with accounting fraud and a consequent balance sheet reconstruction. But it’s just provided a six month trading statement and things look good going forward.
A trading update from recruitment and training group Staffline (STAF) emphasises “underlying operating profit increased 133% in Q1 2021 year-on-year… provides increased confidence in the full year”. How justified is a share price rise to around 75p?...
Recruitment and training group Staffline (STAF) is “delighted to be extending our working partnership with Tesco… in addition to our PeoplePlus' services being represented so widely across the CAEHRS framework. We also welcome the Chancellor's recent amendments to existing VAT deferral measures” – and the shares have responded above 27p, 15% higher...
