Updates

Hays - Director buys 50,000 shares at 116p

April 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Although the recruitment firm’s shares have been battered on global outlook, interims on a constant currency basis showed underlying net fee income (NFI) rising 8% and operating profit increasing a strong 15% to £86.3m. But currency headwinds meant actual profit only increased 6%. Net debt fell £23m to £56.1m.The UK & Ireland saw a 3% rise in NFI to £139m and 20% jump in operating profit to £25.3m, with the conversion rate jumping from 15.6% to 18.1%. The IT & office support sector rose almost double digits, but near the period end there was softness in the private sector, while conditions were also challenging in the public sector, notably local Government and healthcare and overall wage ...

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Restaurant Group

Lavendon - Shares underpinned by tangible NAV of 105p

Hays (November 2016)

Hays - UK & Ireland grow profit by 75% (October 2015)

Hays - Q4 net fee income growth beats expectations (September 2015)

Hays Recruitment firm forecast to increase eps 154% by 2019 (April 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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