Bonkers Bargain: back comes the dividend…
Shares of this specialist recruiter originally more than doubled from our original Bonkers Bargains note. Despite falling back since, they are still well in profit. With a new leadership structure, a more engaged workforce and early signs of more consistent and improved performance, this business is far better set up for success than it was 18 months ago. The latest trading update offered further encouragement, with a reinstatement of the dividend and a special dividend as well. Read on here for more on this lowly rated but highly cash generative business.
The recruitment sector had a tough time over the pandemic and the shares of many listed groups suffered as a result, however the sell-off in the share price of this once sizeable business has been considerably more severe than sector peers. The share price previously more than doubled on our original note (share price 65p), but is still up substantially. There could still be plenty more to go for as our updated note here reveals, with shareholders…
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