How to make your money go further

Staffline: read the small print

12/01/2019 · Staffline Group PLC (STAF) 

Shares UK

Recruitment graphic - Staffline (AIM:STAF) shares suspended
After casually brushing past £20m of exceptional costs in its recent trading statement (enough to push the recruiter into a loss making position), Staffline shares have now been suspended. Here is our blog from earlier in January.

Stafflline's (STAF) shares have been suspended. This follows a trading update for the financial year to December 2018 which proudly ran through the progress made by the recruiter’s two main divisions – PeoplePlus and Recruitment – which have ensured trading in the period is “in line with market expectations”. It is not until line 16 of 19 that management admitted that the group incurred at least £20m of exceptional costs in 2018 – more than the entire net profit made last year. It’s the first time investors have been made aware of this exceptional charge which relates to a strategic overhaul in the PeoplePlus division and could…

Sign up and read the full article

Register to continue reading this article.

Get FREE access now

Already a member? Login

Have your say

Log in or register to view or add comments.

Get free access now

Register free to gain access to more research

Register

Investor's Champion Premium Content

Subscribers to our Premium Content receive priority notification by email of newly published research. Premium Content costs as little as £3.20 per research note.

More on Premium Content

More on Staffline Group PLC

12 March 2018: A day for dishonest reporting

12/03/2019 · Blog
In a big day of announcements from AIM, two companies have stood out as the worst…

Staffline: read the small print

12/01/2019 · Blog
After casually brushing past £20m of exceptional costs in its recent trading statement (enough to push…

AIM Investor Focus - 10 October

10/09/2013 · Aimzine

AIM Investor Focus

AimZine Comment

AIM Investor Focus, the Blackthorn Focus event for AIM investors, will run again on October…


More from the Blog

Strix Group - share based payments dwarf other costs

21/03/2019 · Strix Group PLC

Remember when the ASOS warehouse burnt down?

19/03/2019 · ASOS · Ocado

Judges Scientific: when a buy and build strategy works

19/03/2019 · Judges Scientific