News blog

Work Group

• BY: Andrew Hore |
• POSTED: 09/02/2014 |

Recruitment services provider Work Group had net cash of £1.3m at the end of 2013. 

At 8.75p share, Work Group is valued at £2.19m. Last December, the company sold 673,335 shares it held in treasury to its employee benefit fund for 5.75p each. That raised nearly £39,000.

Loss-making Work Group sold its Armstrong Craven business during the first half. Net tangible asset value was £2.4m at the end of June 2013.

The full year figures will be published at the end of April. Work Group hopes to return to profit in 2014.

In January, chief executive Rose Colledge bought 284,844 shares at 4.53p each and her husband bought 441,014 shares at the same price. Their combined holding is 5.6%. On Christmas Eve, Colledge bought 376,677 shares at 4.45p each and executive chairman Simon Howard acquired 2.47m shares at 4.08p each, taking his stake to 16.1%. Those shares came from Penta Capital which sold its entire shareholding.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFJanuary2014_52.pdf