Updates

Hays

November 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.

Sentiment in shares of recruitment firm, Hays has not been helped by Brexit and the fear that the UK financial services sector will lose its “passporting rights” - that is the ability to sell services into all EU nations from a base in the UK and mainly London.Nevertheless interims were respectable enough with net fee income (NFI) up 7% to £810m and operating profit rising 13% to £181m. With 88% profits converting into cash, its net cash balance increased to £36.8m (H1 2015: net debt £30.7m).In the UK & Ireland NFI was unchanged at £272m but operating profit rose 14% to £52.1m thanks to strong cost control. Office support and IT grew 6% and 3% but banking fell 2% and a ...

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H&T

Sports Direct - Resumes share buy-back program

Hays - Director buys 50,000 shares at 116p (April 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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