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Robert Walters – “continue to aim for a profitable full-year outcome”, but market conditions “challenging”…

By Steve Moore | Tuesday 15 October 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Recruitment business operating in 31 countries Robert Walters (RWA) has issued a “Q3 2024 Trading Update” including stating “client and candidate confidence levels yet to show signs of material improvement”, though also “balance sheet remains strong, with net cash of £50m (excluding IFRS 16 leases) as at 30 September 2024 (30 June 2024: £49m)… the programme of actions underway mean we continue to aim for a profitable full-year outcome”. What about this from a currently further down to around 340p share price?
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