January 29, 2018 12:13 am Good morning!
Thank you for suggestions, which I will prioritise for coverage.
There are a lot of updates today, so I may need to be selective.
Regards,
Graham
SThree (LON:STHR)
Share price: 368p (-1%)No. of shares: 132 millionMarket cap: £485 millionFinal Results for the Year ended 30 November 2018
Mentioning this international STEM recruiter only briefly, for two reasons.
1) It doesn’t get requested very much, and 2) its market cap is now pushing the limits of what we tend to cover here, after a strong share price performance over the past year.
I covered SThree a few times last year, and my overall stance on it hasn’t changed. I think it’s a very well-run international business with attractive geographical diversification and an excellent track record of profitable performance.
Today’s results show further progress in the strategy to limit Permanent hiring activities, while expanding the more reliable Contract-based activities.
It’s more and more international, as 81% of gross profits are now derived from outside the UK.
Some people might be reluctant to invest in this sector due to low margins and its hyper-competitive nature, and I can understand that position. But for an investor who does want to get…