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Recruitment sector – bid activity signalled by director buying

I questioned earlier this year why we’d seen a lot of activity in the Recruitment Sector (Michael Page, SThree, Robert Walters). Either things weren’t as bad as the market forecasts for economic slowdown were indicating (unlikely given the high sensitivity of the sector to any change in economic growth), or we were to ‘expect future […]

Recruitment sector – more directors buy shares

Robert Walters (RWA, 167p) directors, having sold 4.7m shares from March to September last year, at prices between 330p and 368p, are now starting to buy back their positions. Robert Walters, CEO, and Giles Daubeney, COO, have this week bought 740,000 shares at around the 150p mark. Allan Bannatyne, CFO, has started a position by […]

Recruitment sector bounce coming?

Do you remember Randstads profit warning in July this year? You should. Share prices in Randstad (RAND), Michael Page (MPI), Hays (HAS) and SThree (STHR) have fallen since then by around 30-50%, from year highs to near year lows now. Interesting then that yesterday the CFO of SThree, Nelson, dips his toe in the water […]

Robert Walters – now four of eight directors have been buying

On February 28th I highlighted significant buying activity by the COO, CFO and CEO of Robert Walters (RWA, 165p) (see comment here). At times the shares have been decent performers, but have now drifted back below the FTSE 250 performance since Feb 28th. We did see however a non exec, Martin Griffiths, last week buying […]

Michael Page directors buy back shares at half price

Last Thursday, November 21st, the three amigos at Michael Page International (MPI), CEO Ingham, CFO Puckett and MD Dumon, stepped in to buy back shares they had sold only 7 1/2 months earlier at twice the price. They each bought 170,000 shares at 280p. Puckett and Ingham sold on April 10th around 147,000 shares at […]