Otcmkts sqbgq free#

The total revenue already increased by approximately 6% to 4.7B EUR ($5.2B), whilst the operating profit increased by more than 30% to 135M EUR on the back of just a slight increase in its operating expenses and a lower amortization and impairment charge compared to the first quarter of the previous financial year. Without further ado, let's have a closer look at those results.

Otcmkts sqbgq free#

The company's Q1 results are backing up my previous thesisĪfter an excellent FY 2015, I said I expected the company to continue to generate a substantial amount of free cash flow as the capital expenditures of running an staffing services company are pretty low (it's pretty much one of the least capital-intensive business models). Considering the average daily volume is approximately 1 million shares ($30M), you would be better off by trading in the company's securities there.

I also said I would use my 'sniper-strategy' and wait for Randstad's share price to come within my range.Īs Randstad is a Dutch company, its most liquid listing is on the company's home turf (Euronext Amsterdam) where it's listed with RAND as its ticker. And of course, I have no reason not to like a capex-light company with a robust business model. The company had dealt with its net debt position and had just $200M of net debt left as of at the end of last year. Three months ago, I was quite positive about the prospects of the Dutch interim-group Randstad ( OTCPK:RANJF) ( OTCPK:RANJY) as the company had finally pulled itself together after the Global Financial Crisis.