Is this company worth a punt? any info would be appreciated.

Tipped up on Twitter.

STAF Staffline Group

TA.



FUNDIES.

Forward P/E of just 6.6 to 2012 very cheap EPS 28.8p.

Staffline Group PLC

FORECASTS 2011 2012

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Merchant Securities Limited
28-02-11 BUY 8.20 27.20 6.80 9.00 28.80 7.70
Altium Securities [R]
28-02-11 BUY 8.80 27.80 8.00 9.70 31.00 10.30
Fyshe Horton Finney Ltd
25-11-10 BUY

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 8.20 27.20 6.80 9.00 28.80 7.70
1 Month Change 0.15 2.91 -0.10 -0.70 -2.20 -1.10
3 Month Change 0.15 2.84 -0.10 -0.70 -2.20 -1.10


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 100.00% 20.35% 5.88%
DPS 41.38% 65.85% 13.24%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA m 8.60m 9.30m
EBIT m 7.50m 8.60m
Dividend Yield 2.14% 3.54% 4.01%
Dividend Cover 5.51x 4.00x 3.74x
PER 8.50x 7.06x 6.67x
PEG 0.08f 0.35f 1.13f
Net Asset Value PS p 149.40p 165.30p

FORWARD STATEMENT. 28/02/2011

Current Trading and Prospects

We believe the Group can continue to grow market share and that our OnSite model offers customers a reliable and cost effective outsourced solution. Trading for the first 8 weeks of 2011 has been positive, and we remain confident that trading will continue in line with market expectations.

The acquisition of Kelburn Industrial in January 2011 is an indication that there are still a number of acquisition targets which could give us the potential to accelerate revenue growth and expand both our customer base and geographical footprint.

wrong thread.

Staffline BUY 28/02/2011 Miles Nolan

Fast expanding recruitment firm Staffline (STAF) has rewarded its shareholders with a doubling of the dividend thanks to a record trading performance. In the year to 31 December sales jumped 79% to 206.2m as pre-tax profits soared 100% to 7m.

Staffline is benefiting from a shift in its blue chip client base toward larger contracts. Last year it had one 5m contract whereas this year it has five of the same size. The recession has left its bedrock in the food industry relatively unscathed, however, the automotive and manufacturing markets are witnessing a robust pick up in demand.

Three acquisitions were completed last year and all are now contributing to profits. Staffline has completed nine deals since floating on AIM and reckons it has run its slide rule over 80 potential targets - proof it is highly selective. The new businesses helped profit margins expand 0.6% to 3.8%. The market for outsourcing continues to increase as clients see the cost saving benefits it can produce with worker productivity up by as much as 15% in some cases.

The 'on-site' model represents 89% of sales and operates whereby Staffline has an office based at the client to provide training, health & safety and employee relations - this flexible service engages 22,500 employees a week.

Recently appointed house broker Liberum Capital predicts 2012 pre-tax profits of 8.9m and EPS of 28.7p. Due to the cash generative nature of the business, if assuming no acquisitions, its debt will be repaid leaving a net cash balance of 4.3m. At 193.5p the shares have unfairly drifted in the recent market malaise. Buy.

Staffline Group PLC
ALL-AIM
Consumer, Non-cyclical
Buy
240
182.5
31.5%
Charles Stanley Securities

Broker note late Friday.........

SP target 240p 31.5% upside.

Interesting audio interview with Andy Hogarth, Chief Executive of Staffline.

Click the link below to listen:


http://www.brrmedia.co.uk/event/105791/andy-hogarth-chief-executive

Staffline today announced interim results for the six months ended 30th June 2015.

The Board remains confident of meeting current market expectations.

New free research note at http://www.investorschampion.com/blog/