image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Hays - Q4 net fee income growth beats expectations

September 2015

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.

  • Epic Code:
  • HAS
  • Price:
  • 170.5p
Recruitment firm Hays ended FY’15 on a high note with like-for-like net fee income growing 9% in Q4, which was ahead of expectations and an acceleration from 7% in March. Divisionally UK / Ireland and Continental Europe & Rest of World each increased 9% while Asia Pacific rose 8%. Permanent recruitment revenues accelerated from +11% in Q3 to +14% in Q4.Net debt was just £30m (against forecast of £50m) due to strong working capital management and increases the likelihood of a special dividend before long.The only bugbear was adverse exchange rate movements, causing Jefferies to downgrade eps forecasts by 3% to 8.7p for year ended June ’16 with ’17 clipped 0.3p to 11p.Tipped at 155p i ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Hays (November 2016)
Hays - Director buys 50,000 shares at 116p (April 2016)
Hays - UK & Ireland grow profit by 75% (October 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW