7:59 cut – DSG, BME, UPGS

Dillistone (DSG) – GatedTalent update

Dillistone, the provider of software to the recruitment industry that branched out into a private LinkedIn-style recruitment network and is dependent on financial support from its ex-Chairman, (deep breath), today reports they have just signed up their 100,000th member.

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7:59 cut – STAF, MMH, DSG

Due to the number of companies reporting important news some sections are briefer than normal.

Staffline (STAF) – Further Issues

Staffline today throw their Finance Director under the bus following misstatement of FY 2018 profits, report a further deterioration in trading across both their businesses, confirm covenants will be missed in December and signpost of the sale of their PeoplePlus subsidiary.

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7:59 cut – PARK, DSG

Park Group (PARK) – FY Trading Update

The shopping voucher and Christmas savings company reports FY trading ahead of expectations but reported PBT below due to profit recognition timing issues and further exceptional costs. They also warn of future higher ongoing and exceptional costs.

An avenue of further research would be how much of their cash belongs to customers and whether these costs may constrain their ability to pay dividends since many will hold this for the good yield.

I have no current holding.

Dillistone Group – FY2018 Results

The supplier of software to recruitment agents that suffered the loss of a major customer and has developed an online database resembling a closed version of LinkedIn (“GatedTalent”) reports their FY results and details of a major restructuring.

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