Cpl Resources Share Discussion Threads

[lbo] 04/11/2009 20:59

Business group, ISME, today warned the Government that the live register figures masked the true extent of the unemployment problem, outlining that the dreadful redundancy figures provided a truer reflection of the scale of the crisis

[jamesbox] 04/11/2009 14:13

Huge outperformance continues. Market corrected and the stock held up. What a stock,

[evaluate] 02/11/2009 16:15

Just sold the last of these.

FWIW I think they are a fantastic company - just in the wrong place at the wrong time.

I'm sure I'll be back in at some future date - just feel there are better opportunities to be had elsewhere at the moment.

[lbo] 02/11/2009 15:57

Insolvency rate rises 112% over 10 months



'Ireland is a disaster . . . leave now and enjoy your life'

[lbo] 02/11/2009 15:56

Economic View; The slow process of deleveraging



As we dealt with in our recent Economic Commentary, high private sector debt levels are the most important medium-term concern for the Irish economy. The link between credit growth and growth in domestic demand has been quite strong in Ireland over the past quarter of a century, and it is now clear that falling credit levels will restrain growth somewhat over the coming years. According to the Central Bank statistics, annual private sector credit growth has been in negative territory since June. However, the more important metric, which includes securitisations and excludes lending to the IFSC, saw negative growth (-0.1% yoy) for the first time in September, for which data was published on Friday. This trend is likely to continue. Mortgage credit declined again in September, with the annual growth rate falling to only 0.3%. (See below for further detail). At the end of 2008, private sector credit (including securitisations and excluding IFSC lending) was equivalent to 220% of GDP. Despite falling credit levels this year, the ratio is expected to rise to 230% of GDP by the end of 2009, as GDP is in decline. Further writedowns and falling outstanding credit will lead to a decline in this ratio over the coming years but this will be a slow process, with the ratio unlikely to drop to 200% until the end of 2011. The goal for policy is to ensure that credit is making its way to the sectors that need it most. This is where NAMA comes in of course, as taking the most troublesome loans off the balance sheets of the banks will allow them to concentrate on other parts of the loan book. It also came out last week that the NAMA legislation will contain provisions to ensure the banks meet certain targets around lending, although it is uncertain as to how this will work in practice. One thing is for sure though;
trends in credit will continue to play an important role in the trajectory of the economy over the coming years

[l3gend] 30/10/2009 20:57

this stock is massively outperforming!!

[lbo] 19/10/2009 17:40

"Tax rises, high unemployment, wage deflation and property supply overhang continue to undermine the country's property market," says Alastair Bigley, Head of Irish RMBS at Fitch.

Ireland is undergoing one of the deepest recessions of all advanced economies. The agency expects real GDP to contract by 7%-8% in 2009 and the poor state of public finances has left the government no room to use fiscal measures to support the economy. Fitch anticipates unemployment will rise to 12.5% in 2009 and 15% in 2011




A senior Irish minister has for the first time warned Ireland could be forced to go to the International Monetary Fund for help if the country cannot implement the necessary cuts in the December budget

[l3gend] 17/10/2009 11:52

LBO is great at copying and pasting economic data butnot at picking stocks by the looks of things!!

[evaluate] 16/10/2009 07:26

OK LBO.

You started posting in July 08 - when the share price was marginally lower than it is today.

It doesn't make you Warren Buffet.

I've never hidden from the fact that CPL's market was horrible.

I just felt that it was a great business with lots of hard cash to cushion downsides - in a horrible sector.

[lbo] 15/10/2009 21:22

Yet again someone who does want to deal in facts!





CSO's Quarterly National Household Survey (QHNS) Q2 2009 shows ongoing collapse in employment in the country. After peaking at 2.14mln in Q1 2008, employment has now steadily declined and is now down 8.2% - the steepest fall in the history of these series. My prediction – by the year end the fall will total around 8.2-8.5% in annual terms, marking the sharpest decline since 1960s. Current employment stands at 1,938,500 – below the politically important 2 million mark for the second quarter in a row. The pace of employment falloffs is accelerating – in Q1 2009 employment contracted by 7.5% yoy, in Q2 2009 the rate of decline was 8.2%

[jamesbox] 10/10/2009 10:41

LBO only appeared at £1 saying it was a sell and since then it has doubled!! lol

[lbo] 05/10/2009 22:05

No employment improvement evident in NCB Services PMI

[lbo] 25/9/2009 21:08

Look left on the chart and you will see who is "wrong".....€5 to €1.80! LOL



Ireland's unemployment rate has now hit over 440,000. This translates into an unemployment rate of 11.8%. Earlier this year, the ESRI forecast that unemployment could rise to 17% next year.



The rate of decline was faster than the first quarter's 7.5%.



Irish Emigration Resumes as Sinking Economy Boosts Unemployment

[l3gend] 13/9/2009 19:33

Looks like Evaluate has got this one right and LBO got it wrong.

[fr4dge] 11/9/2009 16:19

. . . and again!

[fr4dge] 11/9/2009 15:19

Jeepers.

Onwards & upwards.

[evaluate] 10/9/2009 07:23

. . . though the rate of fall has peaked.

Still bad - but at least the rate of decline has slowed - the first step in the road to recovery.

[lbo] 09/9/2009 23:49

THERE is further depressing news for the jobs market with a survey suggesting that up to 13% of employers expect to cut staff levels further before the end of the year.

[evaluate] 02/9/2009 18:10

In the prevailing conditions, these are stellar results.

[sleepy] 02/9/2009 13:49

LBO - is that good or bad news?

[lbo] 02/9/2009 09:11

Profits plunge by 92pc at recruiter CPL

[fr4dge] 26/8/2009 17:39

Up again.

Appears that someone is taking a bit of an interest in these.

Results due fairly soon.

[lbo] 10/8/2009 22:41

Brokers manipulating markets by stealth, says Financial Regulator



Some Dublin stockbrokers are potentially engaging in market manipulation by seeking to place largescale orders for stocks which are then not implemented, the Financial Regulator has concluded after a long investigation

[evaluate] 03/8/2009 20:12

Big jump today.

I wonder what was behind that.

[evaluate] 31/7/2009 20:34

"we expect"

LOL

What else can they say in the urrent market?