Market's view on Hays
Published on April 2024
- Net fees have significantly dropped across all regions.
- Despite a recent price rebound to near £1, current prices are notably lower.
- Quarter 3 closing prices have dipped below the previous lows reached during the COVID-19 pandemic.
- Predictions indicate a possible need for Hays to revise their FY 24 guidance in the upcoming February update.
- Stock watchers reminisce about when share prices were significantly higher at £4.50.
- If global economic conditions and equity markets continue to deteriorate, share prices might fall below 80 pence.
- Liberum maintains a ‘buy’ recommendation on Hays despite their underwhelming first-quarter results and a reduction in target price from 125p to 120p. Full-year EBIT forecasts have been lowered by 12%.
- Hays, being more geographically focused, faces specific market risks, particularly in Germany and the UK.
- There’s a discussion on Hays’ operating profit forecasts and clarity on their financial outlook, noting that the company might be understating potential fiscal challenges.
- Comparative analysis between Hays and other companies like Page and RWS highlights different strategic focuses and financial forecasts.
- Record net fees and expectations of a modest increase in H2 FY23 operating profit reported in Hays’ Q3 trading update.
- Concerns raised about the decreasing volume of shares bought back as share prices drop.
- General sentiment on the need for clearer communication regarding financial health and future forecasts from Hays.