Bonkers Bargain: poised for recovery
Shares of this specialist recruiter originally more than doubled from our original Bonkers Bargains note. Despite falling back since, they are still well in profit. With a new leadership structure, a more engaged workforce and early signs of more consistent and improved performance, this business is far better set up for success than it was 24 months ago. While trading conditions remains challenging, the latest interim results covered here reassured that the business is trading in-line with expectations. Read on here for more on this lowly rated but highly cash generative business.
The recruitment sector had a tough time over the pandemic and the shares of many listed groups suffered as a result, however the sell-off in the share price of this once sizeable business has been considerably more severe than sector peers. The share price previously more than doubled on our original note (share price 65p), but is still up substantially. There could still be plenty more to go for as our updated note here reveals, with shareholders now rewarded with an appealing dividend. What does it do?Established in 1984 by George Materna, until Dec 2023 Non-Executive Deputy Chairman, and formerly known as Matchtech…