Katonga
03 Mar 2017
To days rise and Volume Massive volume, who knows what? There must be a reason
takeiteasytoo
03 Mar 2017
Re: pre-tax profit(1) for the year ended... Lupo - Last line of the financials - "The Group has no term debt.". Average would therefore appear to be zero.
Lupo di mare
03 Mar 2017
Re: pre-tax profit(1) for the year ended 31... This is such a boring company; I can't even get excited about some chance of a takeover. As soon as i find a company that can give me a reasonable yield, I'll be outta here.They don't even tell you what the average debt has been.
idontwanttolose
03 Mar 2017
pre-tax profit(1) for the year ended 31 January 2017 in line with market expectations. £4.5 million in cash helps!!Trading update The Board expects to report adjusted pre-tax profit(1) for the year ended 31 January 2017 in line with market expectations. Overall gross profit increased by 8% (-1% on a constant currency basis(2)). While growth was held back in the UK & Ireland by Brexit uncertainty gross profit was up by 18% in Mainland Europe (4% on a constant currency basis(2)). The constant currency(2) decline in "Rest of World" was due to challenging market conditions in Hong Kong while in "Offshore Services" it was due to increased costs in Vietnam as a result of the depreciation in the value of sterling during the year. Year ended 31 January 2017Gross profit %GeographyActualConstant currency(2) UK & Ireland0%-3%Mainland Europe+18%+4%Rest of World+6%-7% Total+8%-1% Year ended 31 January 2017Gross profit %Service lineActualConstant currency(2)Permanent recruitment+10%0%Contracting recruitment+9%0%Offshore services0%-10%Total+8%-1% Financial positionNet cash of £5.5m at the year-end was achieved due to tight control of working capital. The Group has no term debt. Albert Ellis, Chief Executive Officer, said: "The Group has delivered a resilient trading performance despite the significant uncertainty created by the referendum. Mainland Europe, which accounts for 40% of total gross profit, continued to make satisfactory progress. Cash flow has materially exceeded expectations with the year ending in a positive net cash position, some £5 million higher than 31 January 2016."Notes1. Adjusted profit is before a provision of £0.5m relating to non-recovery of prior year receivables in the United States.2. Constant currency is calculated by re-translating current year figures at prior year rates.
Eagerbeaver66
30 Sep 2016
Re: Unaudited Half-year Results Seems hard to understand why this treated so harshly, really; The shares were already down 50% over the last year, while their profits are down just 20%, and revenues are increasing. Also, much of the revenue is from overseas, so any Brexit uncertainty in UK should already be more than priced in at that level. Would already seem oversold, despite a general uncertainty and squeezed margins for this year.
Blanketstacker
30 Sep 2016
Re: Unaudited Half-year Results The fall was due to the drop in earnings of about 20%. However, we are still in profit, revenues are up, the dividend is maintained, debt has fallen and cashflow seems sound. Not a bad set of figures, but not outstandingly good either! (Will probably fall considerably when ex-div on 20 Oct).
Gooffy
30 Sep 2016
Re: Unaudited Half-year Results Result ok suspect it's Capita going down so much has affected Harvey Nash, nice increase in dividend, sold some at a profit last week now in loss overall but looking to buy back in this was a lot higher not long ago, people still need recruiters and this is a multi national one.
pi4
29 Sep 2016
Re: Unaudited Half-year Results Well that's gone down well.I thought the results were okPi
idontwanttolose
29 Sep 2016
Unaudited Half-year Results HARVEY NASH GROUP PLC("Harvey Nash" or "the Group"
Unaudited Half Year Results for the six months ended 31 July 2016Harvey Nash, the technology recruitment and offshore services group, announces its half year results, which are in line with the Board's expectations and show strong cash flows, despite increasing revenues, with a 5% uplift in the Group's interim dividend. Financial Results 31 July 2016 31 July 2015 ChangeContinuing operations Revenue£377.7m£328.7m+ 14.9%Gross profit£47.3m£44.4m+ 6.5%Operating profit1£4.2m£5.2m- 19.0%Profit before tax1£3.8m£4.8m- 20.4%Earnings per share13.58p4.82p- 25.7%Total operations Statutory profit before tax1£3.8m£4.0m- 6.5%Earnings per share13.58p3.85p- 7.0%Interim dividend1.565p1.490p+ 5.0%Net borrowings£6.8m £15.7m+ £8.9m H1 Highlights • Revenue increased by 14.9% (constant currency +8.0%) overall and gross profit by 6.5% (constant currency +0.8%)• Strong operating cash inflow of £15.2m with net borrowings reduced by £8.9m on prior year• Interim dividend increased by 5.0% to 1.565p• Operating profit in the UK & Ireland impacted by the EU referendum• Operating profit in Europe up by 6.6% (constant currency -4.3%) with strong performances in Sweden and the Benelux• Operating profit in the USA held back by 7.3% increase in fee-earners and record comparatives from the prior year• Strong results reported in Japan and Australia, offset by weakness in Hong Kong and currency headwinds in Vietnam Albert Ellis, Chief Executive Officer, said: "The six months under review have produced year-on-year growth in revenue and gross profit, as well as strong cash generation. An increased interim dividend, despite the challenges of the first half, reflects the Board's confidence in the resilience of the Group's business model and its strong balance sheet. "Although mindful of macro-economic challenges, client demand for new hires continues to be driven by digital transformation, cybersecurity and data analytics and the Group's strategy remains the prudent expansion of fee-earning capability and growth in market share, coupled with tight control of costs and working capital."
Gooffy
28 Jun 2016
Re: Cheap? It's a multinational company.People still working out there people will move jobs and contract work will probably increase, no shortage of jobs coming through on my email alerts.Anyway holding
Gooffy
28 Jun 2016
Re: Cheap? It's a multinational company.People still working out there people will move jobs and contract work will probably increase, no shortage of jobs coming through on my email alerts.Anyway holding
Blanketstacker
27 Jun 2016
Re: Cheap? We are headed for a recession and at least two years of chronic uncertainty. Companies are putting of hiring any staff where possible. Have a look at ITQ's announcement today. Probably best to stand aside for now.
Gooffy
27 Jun 2016
Cheap? The strong pound hurt profits, er shouldn't this be going up.In several countries as well.Contracts will continue until renewal so no immediate impact and slowdown in uk was priced in before the latest drop.Low PE and good divi.Is Recruitment going out of fashion?Am I missing something.
Gooffy
31 May 2016
Re: why the big rise Well I bought friday so wasn't me.Recruitment hit by brexit should pick up after vote, in several countries as well so not just UK.Divi next week might be it and it's fallen a lot when it was tipped last year, results looked ok to me, I contract so I know it's gone quiet last few months, three budgets a year will need people to change IT, brexit would need changes and if we stop in europe's going to go mad if we vote in all that legislation held up!
Blanketstacker
31 May 2016
Re: why the big rise It is an illusion. There has just been one trade today, a buy at 72 costing c£8k. The spread is broad, and we go ex-div in a fortnight. nothing to get excited about (unfortunately!)
