|Corporate Services Group
||EPS - Basic
||Market Cap (m)
Corporate Services Share Discussion Threads
Showing 3876 to 3898 of 3900 messages
|CSG Ltd in Australia (CSV:ASX) looks like a great business. It's trading at low P/E yet its dividends are growing, good revenue growth, and little debt. Yet why is the share price so low? I noticed in that the share jumped last year on potential takeover rumours, yet went down again, after the takeover was cold off.
What do people think of this stock?|
|New thread and already moving up
|Isn't the conversion of 2.15p based on IPEL trading at 108.1p? IPEL is currently 86.5p. Conversion ratio is 1 for 50.4 which means CSV shares are now worth 1.72p (mid).|
|Why not when the conversion is 2.15p|
|Hopefully should see a push to the 2p level prior to the takeover.|
|Buy the dips Vs|
|The Merger will be effected under the IBCA. It is anticipated that the Merger
will become effective on or around 6 May 2008.|
|"This proposed merger makes good sense both commercially and financially for
Corporate Services Group and its shareholders. Commercially, it will create a
diversified business with total revenues approaching £1 billion with an
increased number of brands operating across a range of staffing sectors as well
as in outsourced support services markets. Financially, the merged company will
be able to realise value from these brands enabling the reduction of debt and
increased cash flow. There will also be significant potential savings and
synergy benefits relating to personnel and properties. These benefits will
provide a robust platform for future organic growth and acquisitions."|
|Is that good !!
When does deal go through ?|
|Near perfect symmetry|
|Why would you sell now ?|
|OK needed to take into account the divi
* Corporate Services Group Shareholders will receive one New Impellam Share
for every 50.4 Corporate Services Group Shares held which, after adjusting for
the conditional dividend payable to Carlisle Shareholders, values each Corporate
Services Group Share at 2.15 pence and the existing issued share capital of
Corporate Services Group at approximately £23.1 million in aggregate|
|Just checked and this says 2.49p
Need to see where I got the 2.15p from.|
|Think the court case has gone away so perhaps things will move on.|
|Wonder why nobody else has picked that up. Are you sure about the 2.15p ?|
|vs watching and wondering if I should add a few as the conversion gives a new share price of 2.15p which is a good premium to todays price.|
|Result of EGM
Corporate Services Group PLC
09 April 2008
9 April 2008
The Corporate Services Group plc
Impellam Group plc
(a company formed for the purposes of merging
The Corporate Services Group plc and Carlisle Group Limited)
On 14 March 2008, it was announced that final agreement had been reached on the
terms of the proposed merger between The Corporate Services Group plc
("Corporate Services Group") and Carlisle Group Limited ("Carlisle"). It is
proposed that Impellam Group plc ("Impellam") (a company formed for the purposes
of merging the Corporate Services Group and Carlisle) will acquire the entire
issued and to be issued ordinary share capital of the Corporate Services Group
and the entire issued and to be issued share capital of Carlisle. The
acquisition of the Corporate Services Group is to be implemented via a scheme of
arrangement pursuant to section 425 of the Companies Act 1985 and Part 26 of the
Companies Act 2006 (the "Scheme").
The Corporate Services Group announces that the Court Meeting and the General
Meeting convened in connection with the proposed acquisition of the Corporate
Services Group and the Scheme, which were held on 9 April 2008, have both
concluded successfully. All resolutions proposed at the meetings, as set out in
the notices of each meeting included in the Scheme Document dated 14 March 2008
(the "Scheme Document"), received the necessary majorities and were accordingly
|What is happening Knowing ???|
|Bit of activity today - 2mil shares traded.|
|More sector news
ROUNDUP Michael Page FY profit up 52 pct; sees further expansion but shares fall
LONDON (Thomson Financial) - Michael Page International PLC posted a 52 pct
increase in full-year profit helped by a continued shortage of candidates, and
said it is well positioned and more resilient to economic cycles, which will
ensure future growth.
Evolution Securities analyst Hector Forsythe previously said the driving
force for future growth will be supply constraints in specialist recruitment
niches, together with regulatory and legislative changes in European markets.
The company said today these key drivers include a deregulation of the
labour markets, demographic changes, an increased global shortage of qualified
professionals, increasing job mobility and a greater awareness and acceptance
for companies to use specialist recruitment services.
Michael Page also gave investors what they were looking for by outlining its
growth strategy for the future, saying it wants to continue with expansion,
including moving into Austria, New Zealand and Turkey. The company is also
planning to open countless new offices including three in the Americas, seven
across Europe and two new offices in China.
Finally, Michael Page posted a 52 pct increase in pretax profit and said it
was seeing similar year-on-year increases in activity levels in all regions
since the start of the current year, with the exception of certain sectors
related to the banking market.
But shares fell despite the positive results. At 09.45 am, Michael Page
shares were down 2.2 pct or 6 pence to 271.75 pence. Landsbanki analyst Ian
Jermin said that "however good the results for 2007, the share price is
reflecting continued concern about the US economy and the possibility of
contagion in the UK and broader global economy".
Investors got spooked by the slowdown in Michael Page's Finance division and
Financial Services sector. Deutsche Bank said it cannot lose the feeling that a
wider slowdown is coming despite the results being in line.
Chief executive Steve Ingham told reporters during a conference call that
Michael Page is experiencing two issues: a self-inflicted problem within Finance
and the credit crunch impact on Financial Services.
Ingham said that within the UK, Michael Page Finance produced a mixed
performance with good growth in the regions being held back by below expectation
growth in London and the South East.
But the CEO added that the slowdown in Finance was of the company's own
making and is being remedied by changes to the management structure of these
businesses, which should produce an improved performance in 2008.
The company said that its Financial Services had a very good first half of
the year but that the "credit crunch" in the latter half of 2007 has impacted
certain parts of the banking market causing the growth rate to slow, being flat
year-on-year in the fourth quarter.
The offices that are mainly impacted include those in London, Tokyo and
Deutsche Bank analysts also said that sectors such as Legal and HR, which
have some exposure to banking, are also seeing a slowdown. Merrill Lynch analyst
Andrew Ripper pointed out that banking makes up about 7 pct of the group's net
He added, however, that the group is continuing to add headcount, which
could reach 6,000 by the end of 2008 if the majority of markets remain
Michael Page reported good full-year results today with pretax profit
reaching 147.4 mln stg from 97 mln in the year before period, on a 28 pct rise
in revenue to 831.6 mln.
In the UK, which now only makes up 39 pct of gross profit, Michael Page
recorded a gross profit increase of 19.4 pct to 186 mln stg. The company said it
invested heavily during the year, increasing headcount by 17 pct to 1,799 and
opening new offices.
Michael Page's EMEA region, which makes up 41 pct of gross profit, saw it
rising 55 pct while the Americas recorded an increase of 79 pct.
The company said its much more diversified today than in any previous
downturn and hence is confident for growth in the future.
Michael Page shares already lost half their value on fears that the credit
crunch will spread into the wider economy and affect hiring trends. They closed
Monday at 277 pence valuing the company at 896 mln stg.|
|How can they write off £19m in exceptional charges and describe it in such generalised manner in today's results? "Some softening in our US market"?|