Cpl Resources Share Discussion Threads

[lbo] 21/1/2010 22:48

MORE than 500 people are on the waiting list for Canadian working visas, just one week after they were offered.




Debenhams to shed 170 jobs

[lbo] 17/1/2010 14:35

Skating on thin ice as young are driven abroad

[lbo] 11/1/2010 21:44

Hold on tight, it's the double-dip



A double-dip recession remains possible and with it far higher unemployment

[lbo] 16/12/2009 21:37

Unemployment soars toward 280,000

[lbo] 16/12/2009 21:17

The Government has "no credibility left" on the economy, it was claimed today, as the latest unemployment data showed jobless numbers continuing to rise.

Seasonally-adjusted figures, released today from the Central Statistics Office (CSO), show the unemployment rate rose to 12.4 per cent in the third quarter, up from 11.6 per cent in the second quarter.

[liarspoker] 12/12/2009 19:37

JamesBox - don't you know that LBO is the perfect investor. Never gets anything wrong. >:O)

[lbo] 12/12/2009 13:52

In a report out yesterday, Standard Bank said that Ireland -- along with Greece -- was among several countries in an "intolerable" economic situation that might lead to bailouts or even an exit from the euro area by the end of next year.

"Countries like Ireland and Greece may not be able to grow out of the current crisis," said Steve Barrow, head of Group of 10 foreign-exchange strategy at the bank in London.

"With interest-rate cuts, exchange-rate depreciation and significant fiscal support all off-limits for these countries, bailouts or even pullouts from EMU may happen next year."

In his report, Mr Barrow had said the absence of a mechanism to permit so-called fiscal transfers within the 16-nation eurozone might undermine the exchange-rate system.

Concern some nations will need to be rescued may drive the premium investors demand to hold 10-year Greek debt instead of benchmark German bunds to 400 basis points next year, from 214 basis points today, and the Irish premium may also jump, he said.

"The widening difference in yield, or spread, between Greek and Irish bonds and German securities may accelerate, increasing the debt burden for these countries," Mr Barrow wrote in the report.

The Irish-German 10-year spread may rise to 300 basis points next year, from about 170 basis points, he said. The spread averaged about 43 basis points in the past five years, with the Greek-German average at 67 basis points in the period.

"It can, in many ways, be a more destructive line of attack for the market than currency pressure," Mr Barrow wrote

[lbo] 08/12/2009 15:18

17pc of bosses to shed staff in New Year



Irish employers remain gloomy about the prospects for hiring staff in early 2010 with 17pc expecting to cut payroll numbers in the first three months of the New Year, according to a Europe-wide survey from Manpower.

[lbo] 03/12/2009 12:54

Tough conditions evident in Services PMI

The employment component of the NCB Services Sector PMI signalled another
significant fall in November (39.9) with the pace of decline broadly similar to that of October (40.9). Staffing levels have now fallen in each of the last twenty-one months. 28% of respondents reported job cuts in November, compared to only 7% that were net hirers.

[lbo] 30/11/2009 15:05

Dubai, like Ireland, went on a binge over the past ten years, using other people's money to build whatever and wherever it could. Now Dubai can't pay it back.

Let's just do some back of the envelope calculations for Ireland to see whether we are hurtling down the Dubai route. How much money do we owe and how will the financial markets regard us next year - particularly after the Dubai default?

Let's start with the banks. Last year, they borrowed €135billion abroad to fund their lending here. With ECB help in the past year, flogging a few assets, the figure probably stands at about €120 billion. Government debt, according to the National Treasury Management Agency, stands at €73 billion.

Together that is €208 billion; being generous we can call it €200 billion. Averaging interest at 5 per cent means the interest payment on this is €10 billion per annum. In the past few months, when millions seem to have slipped into billions, and nobody can grasp how big the number is, let's just remind ourselves that €10 billion is enough to build nine Luas lines in our cities or enough to give every worker in the country a pay rise of €90 a week.

Remember this €10 billion is just the interest to be paid every year. The principal may have to be repaid eventually too.

But the people repaying this €10 billion each year are also the people paying interest on their own debts, because private sector debt stands at €378 billion.

Again, allowing 5 per cent interest (but it is probably higher in most cases), this leads to annual interest payments of €18.9 billion - 17 Luas lines and €170.10 per worker in the economy per week. Presuming that the interest payments on the private debt are covering the banks' debt, we can add the €378 billion of private sector debts to the national debt of €73 billion and now add Nama loans of €54 billion just for good measure.

This gives us a total debt of €505 billion Once again, allowing for 5 per cent interest, we get total interest payments that have to be generated from Ireland every year of €25.1 billion per annum. That's how much cash will leave the country in interest payments on loans next year.

This means that the first €225 earned by every worker every week in this country will be earned simply to pay the huge debts. Now what are we going to do about this? With these figures, default is obviously on the horizon.

[lbo] 30/11/2009 15:00

since the first quarter of 2008 "Ireland's real GNP, seasonally adjusted, has fallen by 13.5 per cent. The unemployment rate has risen by eight points, labour force participation has fallen and emigration has resumed. The economic decline in Ireland exceeds by a large margin those being experienced by most other European countries, and constitutes the worst recession in Ireland since the early years of the Second World War."

[lbo] 30/11/2009 14:53

ROFLMAO

Look left on the chart! €4 - €1.80




Long-term jobless rate rises by 55pc

[jamesbox] 26/11/2009 10:33

How much money have you lost on this one LBO?? LoL

[lbo] 25/11/2009 23:06

Recruiter Harvey Nash warned over results for the full year as demand for permanent staff has not picked up as hoped. In the third quarter, Nash saw a 23% decrease in revenues and a 72% decrease in adjusted profit before taxation

[lbo] 24/11/2009 23:41

Markets remains challenging for CPL

[l3gend] 19/11/2009 19:26

Nice consolidation phase now

[lbo] 17/11/2009 21:43

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

[l3gend] 15/11/2009 17:44

keeps going up this one! love it!

[lbo] 11/11/2009 22:49

It seems de nile is not just a river in Egypt! The facts about CPL are in black and white in the current issue of the Pheonix magazine. Pretending it does not exist won't make it go away.



FORMER Anglo Irish Bank non-executive director Anne Heraty stepped down from the boards of Forfas and Bord na Mona yesterday, bringing her tally of resignations this week to three





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[l3gend] 11/11/2009 21:53

stock up strogly again today. what a winner!!!

[jamesbox] 11/11/2009 09:16

LBO probably works for Phoenix and wants to advertise. Nothin in there on CPL as far as I can see...
Fantastic results yesterday.

[lbo] 10/11/2009 10:42

Its does not read well for CPL and its management

[liarspoker] 07/11/2009 16:38

What action is that LBO ?

[l3gend] 07/11/2009 15:18

Great news for CPL - see that a very respected fund manager has bought 3.5% of the company. Stock keeps outperforming - great chart. Very happy with this one.

[lbo] 06/11/2009 11:20

An Irish Magzine called Phoenix is very clear on whats going on at CPL!

"Stock Exchange should force action at CPL"