What is currently known about HAYS. I have been tempted to buy a few times over the years but have always missed a buying opportunity.

As far as I can see they look like a buy to me. They have stated that results will in line with expectations. There are possibilities of them selling off a part of the company for a good price. They make good revenue and profits. They pay a reasonable dividend.

This looks good also

3 June 2004

"LONDON (AFX) - Hays PLC plans to return cash to shareholders from the
demerger of its DX mail business announced today.
Speaking to newswire reporters, outgoing chief executive Colin Matthews said
that debt put into the DX group on demerger will liberate cash for return to
shareholders. DX will be demerged by issuing current Hays shareholders with
shares in the new mail group.
Hays has promised cash returns to shareholders from disposals of property
and other assets as part of its restructuring into a standalone recruitment
specialist agency.

Hays has promised that surplus cash from its disposals will be returned to
shareholders and Matthews said Hays will give further details in September."

Actually I was mainly interested in possible short term gains from a demerger transaction. Funny how we always get back to money.

As to the divi - I was really looking at a cash distribution from Hays - they have been selling all non-core businesses and I was hoping that eventually some of that would come out.

I have now got hold of the demerger document published yesterday and the listing particulars for DX - as I read it good news and bad news - good news for those who want to hold Hays - the DX business has been geared up to the high hilt and all the cash stripped out into Hays - Could there be a pay out coming?

Bad news for the DX business - current management although stated as 'experienced' have never worked in the mail sector before and have resided over a company going backward in profitability for the last two years - stated objective is to reduce costs but employee numbers go up while revenue is going down - no real clear strategy as to how to increase revenue

Think I will stay out of this one - and look for another quick buck

Cheers

SB
There's been speculation on Hays returning cash to share-holders
for at least a year...and so far we haven't seen any...actions can
speak louder then words at times. Nice to know the demerger paperwork is about
I'm still waiting for mine to turn up!
Be Lucky!

OK for info. if anyone else is holding these and has recently rec'd
the doorstop material about the DX float.
Currently there does
not appear to be a float price set for DX and if as a result of the
share consolidation (1 Dx for every 20 HAS)you are left with a
useless amount of DX shares (under 500)it suggests they will run a
share-dealing service for offloading the unwanted shares. However again
there are no definite details yet, those will be sent later on.
Lastly there is a helpline in place for help on the demerger doc.

I tried the helpline - not much more than a guide to points already raised in the Listing Particulars - expecting broker research to give a view on pricing pre-listing

Reckon we might get a boost from Darling here today in his budget.

Surely unemployment is the biggest thing the government have to tackle now.

Looks like theres quite a bit of mopmentum behind this one at the moment and if it breaks resitance at 88p it could really fly.

The best is yet to come for Hays, the recruitment company, Midas said in the Mail on Sunday. It business has held up well in the economic gloom and its focused boss Alistair Cox aims to double profits in five years and boost the dividend. Current shareholders should keep the faith and new investors could do well if they buy now.

http://sharecast.com/news/sunday-share-tips-talktalk-fyffes-halfords/21282650.html

Attempting to break out.

25th Feb Interim results for six months ending 31/12/2014
9th April Interim Management Statement for quarter ending 31/03/2015.

LATEST BROKER VIEWS

Date Broker New target Recomm.
23 Jan Liberum Capital 170.00 Buy
14 Jan Citigroup 150.00 Neutral
14 Jan Credit Suisse 150.00 Outperform
9 Jan Kepler... 150.00 Hold
9 Jan Numis 184.00 Buy
9 Jan Deutsche Bank 125.00 Hold
8 Jan Liberum Capital 170.00 Buy
8 Jan Investec 170.00 Buy
6 Jan Numis 184.00 Buy
15 Dec Deutsche Bank 125.00 Hold
Broker Recommendations for Hays

Slow but sure, nice chart.

Target 180p leading up to results.

Another bombed out stock reporting on Thursday, trading update for quarter ending 30/06. Brokers not quite so bullish on this one.

LATEST BROKER VIEWS

Date Broker New target Recomm.
7 Jul Barclays... 105.00 Equal weight
6 Jul Numis 110.00 Add
5 Jul Morgan Stanley N/A Equal weight
5 Jul JP Morgan... 105.00 Neutral
1 Jul Kepler... 90.00 Reduce
30 Jun Exane BNP... 140.00 Outperform
27 Jun Deutsche Bank 100.00 Sell
10 Jun Deutsche Bank 105.00 Sell
7 Jun Liberum Capital 155.00 Buy
13 May Credit Suisse N/A Neutral
Broker Recommendations for Hays

On track but needs to break 110p.

Q4 Trading Update

Highlights

· Good overall growth of 8%(1) including a c.3%(3) working day benefit
· Full-year operating profit is expected to be c.£180m, ahead of current consensus market expectations(4)
· Excellent cash performance, driving the elimination of the Group's net debt and a year-end net cash position of c.£40 million
· Excellent broad-based growth of 21%(1) in Continental Europe & Rest of World, driven by Germany up 23%(1) and 12 more countries growing by over 20%(1), including Belgium, France and Switzerland
· Asia Pacific growth of 4%(1), with good 6%(1) growth in Australia, driven by public sector. Net fees in Asia decreased by 1%(1)
· UK & Ireland decreased by 4%(1). Public sector markets remained tough, down 8%(1). Private sector was down 2%(1) as client sentiment weakened towards the end of the quarter
· Group consultant headcount was up 3% year-on-year and flat through the quarter

Gap closed.

Trading Statement Tuesday 18th. Good recovery since Brexit vote, grind higher or bomb? Far from madding crowd but volume needs to get a wriggle on.

LATEST BROKER VIEWS

Date Broker New target Recomm.
14 Oct Liberum Capital 145.00 Buy
7 Oct Jefferies... 140.00 Hold
23 Sep Liberum Capital 145.00 Buy
13 Sep Citigroup 135.00 Neutral
2 Sep Numis 130.00 Hold
2 Sep Credit Suisse 125.00 Neutral
2 Sep JP Morgan... 110.00 Neutral
2 Sep Deutsche Bank 105.00 Sell
1 Sep Liberum Capital 130.00 Buy
26 Aug Deutsche Bank 105.00 Sell
Broker Recommendations for Hays

Hays sees solid overall growth

StockMarketWire.com

Recruitment group Hays reports solid overall growth of 3% in the three months to the end of September led by further strong performances in its international businesses, which now represent 73% of group net fees.

Hays said net fees increased 17% on a headline basis and 3% on a like-for-like basis against the prior year, its fourteenth consecutive quarter of year-on-year growth.

The difference between actual and like-for-like growth was primarily the result of the significant appreciation of the euro and the Australian dollar against sterling.

It said: "The impact of these material movements in foreign exchange rates means that if we retranslate the Group's FY16 operating profit of £181.0 million at current exchange rates (AUD1.6015 and €1.1112 as at 14 October 2016), the actual reported result would increase by c.£35 million to c.£216 million."

The exit rate of Group net fee growth was in line with the quarter as a whole, with no significant differences by region.

In the second quarter, there are three fewer working days in Germany versus the prior year due primarily to the timing of public holidays. Hays expects this to have a c.4% negative impact on net fees in Germany, most notably in its Temp and Contractor business.

The Temp business, which accounted for 58% of Group net fees in the quarter, increased by 5% and the underlying temp margin was broadly stable. Net fees in the Perm business increased by 2%.

Consultant headcount was up 2% year-on-year and grew 4% in the quarter as a result of the normal seasonal graduate intake and its continued approach of investing selectively across the Group where market conditions and outlook were supportive, notably in Europe and Australia. As a result, it expects that increases in Q2 will be below those of Q1.

Chief executive Alistair Cox said: "We have started our new financial year well, with continued strength in our International businesses, including all-time records in Germany and France and an acceleration of growth in Australia. Our performance was again consistent and broad-based, as 28 of our 33 countries delivered year-on-year growth(1), 19 of which grew by over 10%.

"In the UK, following a step-down in Perm recruitment activity immediately after the Referendum, the business stabilised, and followed the normal seasonal pattern through the remainder of the quarter.

"Looking ahead, Europe continues to deliver strong, broad-based growth and market conditions remain supportive in Australia and the Americas, where we continue to invest.

"In the UK we have a strong, market-leading and diverse business, led by a world-class management team who are highly experienced in managing through fast-changing and uncertain times. As ever, our focus remains on driving profitable growth in our business, capitalising on long-term opportunities, while maximising earnings and cash along the way."

Well, hasn't bombed (yet). And the beat goes on. Probably not the most exciting stock but steady gains from Brexit vote, no sleepless nights either. Historically from the above chart, finishes well up to Xmas. If it can break 150p fingers crossed, no reason for the pattern to be broken. (I know, famous last words but so far with a trailing stop, gains locked in.).