Cpl Resources Share Discussion Threads

[napa] 26/1/2006 10:05

Dublin - Goodbody Stockbrokers have upgraded FY06 and FY07 earning forecasts for CPL by 22% and 24% respectively.

Based on their revised forecasts, CPL is trading 0n 2006PE 0f 17.7 Times.
This at first appears high in relation to its peers but Goodbody point out that the Irish Labour market is forecast to cintinue to Outperform in the Medium term and therefore believe that such a premium rating is justified.

£4.45Euro is said to be fair value at present and remain positive on the stock.

[dusty35] 25/1/2006 12:39

Hi Primrose = what do you think of the director selling - worried?
Why would they sell if things going so well?

[primrose 100] 24/1/2006 09:06

Results are out.

Fantastic results again!

Profits up by 79%.

Current year has started well.

All still rosy!



CPL RESOURCES PLC


Chairman's 2006 Interim Statement

For the six months to December 2005



The Board of Directors of CPL Resources plc is pleased to announce an excellent
financial and operational performance for the six months to 31 December 2005.
Financial highlights for the period include:

* Earnings per share of 10.6 cent, compared with an earnings per share of
6.0 cent for the six months to December 2004

* Profit before tax of Euro4.6 million, an increase of 79% over the
corresponding period in the preceding year

* Revenue of Euro66.3 million, representing growth of 34% year on year

* Gross profit of Euro13.1 million, up 41% from Euro9.3 million in the half year
to December 2004

CPL has had an excellent first half, achieving growth in profit before tax of
79% year-on-year. Our gross profit, which represents our net fee income, was
Euro13.1 million for the six months, an increase of 41% on the same period last
year. This performance demonstrates the Group's ability to achieve increased
earnings through market share gains, rigorous cost control and organic growth.
It also reflects a strong performance in each of our principal business areas,
being the placement of contract, temporary and permanent employees with clients,
and in all business sectors.

Net fee income in our permanent placement business has increased by 50% over the
corresponding period last year, with all divisions performing well. This
performance has been helped by increased demand for IT, Telecoms and Finance
professionals. Our contractor and temporary fees have increased by 33%,
reflecting growth in the demand for non-permanent staff in all areas, including
office management and administration, customer service, engineering, healthcare
and manufacturing operations, and for temporary staff in the pharmaceutical,
biotechnology, clinical research and medical device industries. Newer areas of
our business also performed well in the period. These included BroadReach
International, our Executive Search and Selection consultancy for the placement
of senior executive level talent, and Cpl Managed Services, which manages
selected business processes (including call centres, administrative services and
recruitment solutions) on behalf of clients.

The Group continued to focus on cost control and efficiencies during the period.
The conversion ratio of gross profit to profit before tax was 35% in the six
months to December 2005 compared with 28% in the same period last year. We
continually invest in our team and believe that we can continue to achieve
increases in business activity without a proportionate rise in overheads.

The Group had net cash balances of Euro10.8 million at 31 December 2005.
Notwithstanding the working capital demands associated with strong growth in
business activity, this figure is Euro3.7 million higher than the corresponding
balance at 31 December 2004. We are pleased that the efforts of our team to
manage working capital tightly have resulted in an excellent level of net cash
generation.

The second six months of our financial year to 30 June 2006 have begun well,
with no significant adverse events currently expected to impact our business in
the short term. We believe that we remain well positioned to continue to reap
the benefits of a strong and robust business model operating in a favourable
economic environment.

As we noted in our 2005 annual report, the Group's ability to generate growth
and profits is linked closely to the performance of the Irish economy, and we
have benefited from growth in most of the sectors in which we operate. Our
management team continue to embrace market opportunities and convert them into
shareholder value. Their skill, dedication and professionalism are the driving
forces behind the Group's continued growth. CPL's success is a testament to the
excellent leadership skills of our management team and the tremendous commitment
of all of our people. Their continuing efforts to deliver top class service to
all our clients and customers have made us Ireland's leading provider of
employment services. I am very proud of their achievements and very grateful to
them for their outstanding contributions, individually and collectively, to the
success of our business. I would also like to extend my appreciation to our
customers for their continued loyalty and support.


The Directors have recommended an interim dividend of 1.4 cent per ordinary
share. The dividend will be payable on 3rd March 2006 to holders of ordinary
shares at the close of business on the record date of 3rd February 2006.

[primrose 100] 13/1/2006 08:43

Share price is continuing to drift up while we wait for the interims.

Last year they rushed them out in January; here's hoping they do the same again this year.

[primrose 100] 14/12/2005 16:47

Hi,

I'm afraid that there is too much stuff in the Far4 thread that isn't of interest to me currently.

Would it be possible to get an idea of what is being said about CPL Resources on the thread?

[reynup] 12/12/2005 14:28

The Epic Code is FAR4. The full title of the thread is "The Faraj List of Exploding Stock Part 4.05"

[primrose 100] 12/12/2005 09:25

Can you provide a link to that thread please?

I'd be keen to read a bit more about these guys.

[reynup] 08/12/2005 12:31

I have held shares in this company from the middle of June, very pleased with their progress. They are mentioned from time to time on the Far4 thread by the author Mel.

[primrose 100] 08/12/2005 10:19

Up another 5% today.

Looks like it's just you & me making out like bandits on this one pottington!!!

[primrose 100] 07/12/2005 12:04

They've just put out a trading update to let people know that they are going better than the market expects.

These guys are fantastic - they have consistently massively outperformed their market for many, many years.

I've no idea why more people aren't piling into them.

[pottingon] 07/12/2005 11:04

Hi Primrose,

Still holding these nice shares. Another great day today for CPS.

Holding tight...

[primrose 100] 19/9/2005 18:04

Am I really alone in this?

You are all missing out.

[primrose 100] 15/9/2005 15:38

Nobody else in these?

At the moment they will pay for my loft.

If I leave them another 2 years, I should get my kitchen exyension out of them as well.

[primrose 100] 15/9/2005 09:28

At the risk of sounding a bit repetitive.

AWESOME RESULTS FROM CPL RESOURCES yet again.

- EPS up 117%
- Sales up 42%

They are like the milkman - they always deliver!

Sooner or later the market must take notice of this excellent company.

[originaltim] 14/6/2005 11:22

Nice little move up today on tiny volume - 1 trade!

[primrose 100] 11/3/2005 16:10

Another little jump of 5p today.


£2 after the next results!

[primrose 100] 03/2/2005 10:14

I've been following this for a couple of years now & it's a cracking little company.

They rode the tech boom for all it was worth - with turnover & profits growing at 50+% a year for a number of years.


They then picked the top of the market perfectly, diversifying like mad into counter-cyclical areas, thus limiting the impact of the tech implosion on their business.

Since then, it's been back to the good old days, with turnover & profts growing at 40-60% each year.

One to stick away in the drawer while you wait for the market to notce them.

I see a steady & fairly steep rise from here (albeit in big jumps after each set of results - the pattern so far).

[pottingon] 02/2/2005 20:43

Hello to all fellow holders of CPS.

Just bought mine today.

Thanks to Primrose for pointing out this shares performance to date.

Sound fundamentals and track record.

The shares seem to move fast on a few trades, gives the impression they are tightly held.

I was unable to buy these online - I had to call My broker who took some time to complete the trade - all plus signs for me.

What's your take on this!

[bangsi] 27/1/2005 07:58

Rather misleading %increase showing this morning - just corected it now

[bangsi] 26/1/2005 21:58

Only got some today...time will tell (but already in profit, so far so good LOL)

[primrose 100] 26/1/2005 15:41

Bangsi,

Have you got any?

If not, you should! They're very good.

[bangsi] 26/1/2005 12:46

Go on...I'll say 'Hello'

[primrose 100] 26/1/2005 12:14

Another cracking set of results from CPL.

It's getting a bit lonely on here patting myself on the back. Is anybody else in these?

Still mighty cheap IMHO.

Annualised PBT of 4.8m Euros & the good times look set to continue to roll.


* Earnings per share of 5.5 cent, compared with 2.1 cent for the
corresponding period in the prior year (an increase of over 160%)

* Turnover of Euro49.6 million, up 43% on last year

* Profit before tax up from Euro0.9 million to Euro2.4 million (an increase of over 160%)

* Net cash balances of Euro7.1 million (up from Euro5.3 million at 30 June 2004)

* Continued growth in our contract and temporary businesses

* Strong generation of fees in the permanent placement sector

[primrose 100] 27/10/2004 17:50

Still only me in this?

Cracking little share.