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CPS Cpl Resources Plc

0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Cpl Resources Investors - CPS

Cpl Resources Investors - CPS

Share Name Share Symbol Market Stock Type
Cpl Resources Plc CPS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 995.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
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Top Posts
Posted at 12/12/2009 19:37 by liarspoker
JamesBox - don't you know that LBO is the perfect investor. Never gets anything wrong. >:O)
Posted at 12/12/2009 13:52 by lbo
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
Posted at 11/11/2009 22:49 by lbo
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

Page 57
Posted at 25/6/2009 12:59 by lbo
Fifty three thousand more people joined the dole queues in the first three months of this year compared to the last quarter of 2008 with employment down a staggering 158,500 compared to the first quarter of last year.

Next week marks the end of CPL's financial year, and we expect that the group will
likely issue a pre-close statement to coincide with the year-end. With this in mind,
we are taking the opportuniy to remind investors of our current thinking.
It is clear that the current Irish economic climate is extremely challenging, and we
expect it to remain so for the next 18 months. Unemployment now stands at
11.8%, and we expect the rate to peak below 15% in late 2010. The one positive
glimmer is that the rate of job loss increases is at least slowing, having peaked in
January-February 2009. Accordingly, we are currently forecasting a 34% drop in Net Fee Income (NFI) in FY 2009 followed by a further 36% cut in FY 2010. From the peak, permanent NFI is now forecast to fall 73%, while temporary decreases 45%.
Posted at 24/8/2006 08:46 by liarspoker
Re Irish economy - I am a non CPL holder but I live in the Republic of Ireland so thought I'd share ( no pun intended ) my views.

The Irish economy has been severely boosted by the construction sector. Foreign workers are mainly working in the construction industry and usually find work through recruitment agencies.

Between now and June next year the SSIAs will mature so there will be a lot of money floating around the Irish economy. This money will be spend on cars, holidays &, yep, houses.

Once the SSIA's are over I would expect the government to fiddle with stamp duty ( probably for investors ) so that some demand will remain for housing. However I don't see a sustained interest in the property sector as house prices here ( especially in Dublin ) are crazy.

The manufacturing side is too expensive as well and the foreign companies have or are packing up their factories and are moving the the eastern european countries. labor costs here are just to high. The gov't need to drop corporation tax to be more competitive for a start.

Just be wary of investing in Irish companies.

I invest in shares full time and hold only two Irish shares ( ANGL & UDG ) and if you look up my threads about those two you'll see why. I simply can't find any better Irish shares then those two.

All above is only my opinion and am only trying to help.

Good Luck.

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