Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on HAYS PLC. We currently have 3 research reports from 1 professional analysts.
|01Mar17 10:00||RNS||Total Voting Rights|
|28Feb17 09:00||RNS||Director/PDMR Shareholding|
|23Feb17 11:43||RNS||Director/PDMR Shareholding|
|22Feb17 07:00||RNS||Half-year Report|
|09Feb17 09:30||RNS||Notice of Half Year Results|
|01Feb17 11:00||RNS||Block listing Interim Review|
|01Feb17 09:00||RNS||Total Voting Rights|
Frequency of research reports
Research reports on
Looking for that perfect 10
02 Mar 17
Staffing firms typically enjoy a material re-rating as their earnings approach/pass through the £10m mark (e.g. CPL early 2013, Matchtech early 2013, Robert Walters 2010). Empresaria provides the latest example, with the shares +69% over the last 12 months. Whilst the rating remains at a significant discount to its larger peers, its’ forward P/E has expanded from 7.2x (Feb-16) to 10.2x (today). The next staffing firm likely to reach the £10m mark is Harvey Nash, which is currently trading on a 30% discount to Empresaria.
Panmure Morning Note 27-08-15
27 Aug 15
FY15 was an eventful year for Hays. Most markets pointing upwards, helping net fees to increase +9% (CFX basis). Though FX headwind pushed the sterling reported growth to 5%, PBT was bang in-line with PG estimates +18% to £156.1m, reflecting increased conversion ratio (21.5% vs 19.4%). On schedule to deliver on 2018 aspirations (despite FX). Overall no material change to outlook; we maintain our positive stance.
Panmure Research - Support Services 21-08-15
21 Aug 15
Consumer confidence surveys are firm across most key territories, indicating that jobs churn should continue to accelerate. Moreover, jobs surveys point to increasing demand for both temps and perm staff. Agencies are investing in headcount in a controlled manner, with one eye on expansion, the other on building consultant productivity. With conversion ratios materially below previous peak levels and most valuations broadly in-line with 3-4 year averages we anticipate earnings growth and shares prices have some way to run (as the cycle progresses). The greatest earnings upside potential resides with agencies like Robert Walters, whose conversion ratio has scope to more than double (8.5% FY14 vs peak of 20.3% in FY07).
N+1 Singer - Morning Song 21-03-2017
21 Mar 17
accesso Technology (ACSO LN) Full year results in line, but key trading months still ahead | Augean (AUG LN) Double digit growth in ’16, good start to ‘17 | Earthport (EPO LN) Interims show continued top line strength | Goals Soccer Centres (GOAL LN) Good momentum under new team. It’s now all about delivery | IQE (IQE LN) FY’16 results prompt further upgrades | Microsaic Systems (MSYS LN) Challenges in 2016, strategy remains in place | mporium Group (MPM LN) Funds raised to help execute strategy | RhythmOne (RTHM LN) Dawn of the independents | ScS Group (SCS LN) Strong progress on key growth initiatives albeit comps now toughen | Sinclair Pharma (SPH LN) FY results: EBITDA ahead, Instalift™ gaining pace | Vectura Group (VEC LN) FY (9-month) results
N+1 Singer - Augean - Double digit growth in ’16, good start to ‘17
21 Mar 17
Augean reported another year of double digit growth for 2016, with profits in line with our forecasts. Sales grew by 21% excluding landfill tax, while adjusted PBT grew by 18% to £7.1m before amortisation of acquired intangibles. DPS was increased by 54% to 1.0p, 25% ahead of our estimate. The business units made further strategic progress, with revenues from their top 20 customers increasing from 42% to 43% of the total, of which 88% was under contract or a framework agreement, increasing forward visibility. There has been an encouraging start to 2017 and management is confident of delivering another year of profits growth. The shares trade on undemanding single digit multiples, offering good value.