Cpl Resources Share Discussion Threads

[lateral thinker] 13/5/2002 16:15

Thank you - I was beginning to feel like John the Baptist.

It also went up (albeit by only 0.5p) on Friday.

I think it's quite rare for a share to go up nearly 20% on literally no volume.

I'd love to know what is going on.

[bev.shields] 13/5/2002 14:21

OK I'll keep you company.
Why the rises, no trades today?
Whats going on?

[lateral thinker] 13/5/2002 10:39

Up another 17% today.

Am I the only person who is interested in CPL ?

[lateral thinker] 10/5/2002 13:23

Up again today.

[lateral thinker] 09/5/2002 15:19

Up more than 25% today.

Up more than 10% yesterday.

Somebody knows something . . . but what ?

[derek wild] 04/4/2000 10:06

ADVFN NewsWire (10:01) - CPL Resources has acquired all of the share capital of Careers Register for IR£2.97m. Careers Register, based in Dublin, is one of the leading niche recruitment firms, specialising in accountancy and financial sector appointments.

The ultimate consideration could increase to IR£3.69m, based on the attainment of certain financial targets under an incentive scheme. CPL is Ireland's largest top-end IT recruitment company and the acquisition gives the company a major share of the mid-level financial recruitment market.

In the 14-month period to February 29, Careers Register had a turnover of IR£2.3m and maintainable profit before tax of IR£643,272. At February 29, the company had net assets of IR£179,644.

Anne Heraty, managing director of CPL, said: "Buying Careers Register is an important strategic move for CPL. We are now looking to repeat the success in financial recruitment that we have demonstrated in our IT recruitment business.

"We are already in the financial recruitment sector, but this gives us a quantum leap in a market that is likely to expand significantly, much of it driven by the financial back-up needed by our existing clients, the major IT companies. We believe there will be an excellent fit between Careers Register and our existing business in this area."

John Hennessy, CPL's chairman, added: "When we floated last summer, we
said that we intended to play an active role in the rapid consolidation that is taking place in the recruitment industry, both internationally and here in Ireland. This acquisition represents the first step in that direction and we are continuing to evaluate other opportunities, both here and in certain key continental markets."

All 12 Careers Register employees, including David Wilkes and James Fitzsimons, who own the company, will be staying on with CPL following the acquisition.






dw