Hobson: Staffline Handles a Crisis Badly

Morningstar columnist Rodney Hobson says that a lot of questions need answering after shares in recruiter Staffline are suspended

Rodney Hobson 1 February, 2019 | 12:46PM

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In many ways the test of management is how you handle the unexpected. On that basis, the board of recruitment company Staffline (STAF) failed horribly.

First came the shock announcement on the day that results for 2018 were due that they were postponed indefinitely. Since the most recent update, issued on January 8, had said that the figures would be in line with expectations and revenue would be 18% higher, investors naturally feared something awful and the shares plunged by a third.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Diageo PLC2,451.50 GBX-0.47
Hays PLC100.50 GBX-8.14
Robert Walters PLC316.00 GBX1.94
Staffline Group PLC19.20 GBX-0.78

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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