Corporate Services Share Discussion Threads

[panagos] 31/1/2008 16:39

lol



Knowing - 30 Jan'08 - 16:08 - 2969 of 2973 (Filtered)


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[knowing] 31/1/2008 16:17

Rock n Roll

[knowing] 31/1/2008 15:52

First trade on LSE

[knowing] 30/1/2008 23:13

The last update

RNS Number:2978K
Corporate Services Group PLC
20 December 2007


THE CORPORATE SERVICES GROUP plc


Pre-close trading up-date

The Corporate Services Group plc, ('the Group'), a leading provider of staffing
solutions, today issues the following trading up-date ahead of the Group's
preliminary results for the year ending 31 December 2007 which will be announced
in early March 2008.


UK Commercial Staffing

Revenues and gross profit from our UK commercial staffing businesses are
expected

to show continued strong growth over the prior year, despite an uncertain
market. The continued focus on sales generation and improvements in operational
productivity has enabled us to capture market share. With productivity levels
now at industry norms, we will look to make selective investment to deliver
further sales and margin growth in the coming year.


Healthcare Staffing

We have continued to see significant revenue growth in our healthcare business
driven by strong demand for locum doctors and substantial growth in our Nursing
and domiciliary care businesses, including the Chrysalis Community Care business
that we acquired in June.


Vendor Procurement

Comensura, our vendor procurement business, has had a good second half with
further new clients gained. Revenues and gross profits are both ahead of the
prior year. Further expansion is planned in 2008.


US Commercial Staffing

Despite a challenging US market place, dollar revenues and gross profit from our
US Staffing businesses are anticipated to be marginally ahead of those achieved
in 2006 with the growth rate in gross profit again expected to be more than the
growth rate in revenue. This performance reflects the targeting of middle market
companies operating in the clerical, technical, and professional sectors and is,
we believe, ahead of the market.


Group trading result

Overall, the Board expects that the Group's 2007 earnings will show a continued
improvement in profitability and will be in-line with market expectations.

[knowing] 30/1/2008 23:12

Going to be interesting to see how this goes tomorrow.

[knowing] 30/1/2008 16:08

That is the plan I would believe. Topinfo there is a broker BUY note out valueing CSV at 3.7p as well.

[vssnottm] 30/1/2008 15:11

If they eventually sell Comensura and reduce debt aswell.

[topinfo] 30/1/2008 15:09

Knowing, cheers for summary.!!!

[topinfo] 30/1/2008 15:09

There is too much to digest right now but it does look promising if they can turn it around.

[knowing] 30/1/2008 15:09

FINANCIAL HIGHLIGHTS

* Turnover up 4.3% to #273.8 million (June 2006: 262.4 million*)

* Gross profit up 4.1% to #52.7 million (June 2005: #50.6 million*)

* Operating profit more than doubled to #3.4 million (June 2006: #1.6 million*)

* Profit before tax of #0.2 million (June 2006: loss of #1.4 million*)

* Gross margin maintained at 19.3%

* Net debt #55.3 million (June 2006: #50.3 million,December 2006: #52.7 million)

* Positive cash flow from operations of #3.4 million

* New banking facilities in the UK and enhanced facilities in the US

* A further #15 million of Guaranteed Loan Notes redeemed in May 2007

[knowing] 30/1/2008 15:08

Quite alot but read through the news.

[topinfo] 30/1/2008 15:07

How much debt they got?

[knowing] 30/1/2008 15:05

Had to be a bit of profit taking but buyers now re-appearing.

[knowing] 30/1/2008 12:44

We seem to be off again.

[knowing] 30/1/2008 11:41

Taking a breather now.

[knowing] 30/1/2008 10:47

Thats OK we are all here to help each other make money or should be anyway.

[vssnottm] 30/1/2008 10:29

Thanks knowing.

[andrbea] 30/1/2008 10:17

maybe that broker target price (3.7p) is driving the rise? (see post 2947)
26% yesterday, 15% today, .... and ten times normal volume yesterday..

[knowing] 30/1/2008 10:05

Go to you monitor and add a stock. Type CSV.gb

[vssnottm] 30/1/2008 09:52

How do I find plus transactions ?

[knowing] 30/1/2008 09:49

1.5M through on PLUS so far

[vssnottm] 30/1/2008 09:48

I just report L2 info on ADVFN

1.62 v 1.67 +13%

[knowing] 30/1/2008 09:26

vss you continue to miss the trades on the PLUS market.

[vssnottm] 30/1/2008 09:12

Scap (25k) 1.57 v 1.62 (50k) +9.6%

287,500 traded today.

[vssnottm] 30/1/2008 08:29

Knowing: That's ok with me. Got quite a bit to get back !!