viewClearStar Inc

ClearStar chief Bob Vale bullish on growth prospects

Robert Vale, chief executive of employee intelligence specialist ClearStar (LON:CLST), says the company is beginning to focus on larger companies and contracts after recent growth.

The AIM-listed firm operates in the background check industry, screening personnel, providing medical information services and technologies that fit into the human resources systems of its customers.

Today it said turnover rose by 43% to $7.5mln (US$5.2mln) in the half year to June, as the company screened more than 1.1mln potential employees for 23,000 customers.

That led Cenkos to upgrade ClearStar to a ‘Buy’ with the broker claiming that the shares are now undervalued and should be attracting the attention of investors.

Quick facts: ClearStar Inc

Price: - -

Market: AIM
Market Cap: -

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on 05/07/2020

2 min read