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Share Name Share Symbol Market Type Share ISIN Share Description
Cpl Resources Plc LSE:CPS London Ordinary Share IE0007214426 EUR0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 995.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 516.2 22.2 69.2 15.3 310

Cpl Resources Share Discussion Threads

Showing 26 to 49 of 350 messages
Chat Pages: Latest  2  1
DateSubjectAuthorDiscuss
13/9/2004
17:31
Results now in. See below. Turnover up 41% & pre-tax profits up by 49%. Another cracking set of results. Momentum carried on into July & August. Looking very good. RNS Number:7623C CPL Resources PLC 09 September 2004 CPL RESOURCES PLC Strong operational and financial performance by CPL Resources Cpl Resources plc, Ireland's leading employment services group, is delighted to report an excellent operational and financial performance for the year ended 30 June 2004. The group's turnover increased by 41%, over the prior year, to Euro73.9 million. The group's gross profit (i.e. net fee income) grew by 25% to Euro13.3 million. Pre-tax profits increased by 49% to Euro2.6 million. Fully diluted earnings per share were 5.9 cent, up by 55% from 3.8 cent in 2003. A final dividend of 0.6 cent per share is proposed, bringing the total dividend for the year to 1 cent per share. Commenting on the group's performance, Cpl Chief Executive, Anne Heraty, said: "We are passionate about the quality of service we provide to our clients and as a result we won a high level of repeat business. We also expanded our client base by winning new business. During the year we worked with over 1,500 clients, ranging from large multinationals, to mid-sized and small companies. All of our divisions experienced significant growth. During the year Cpl provided long or short term work assignments to over 10,000 people and we placed over 1,750 people in permanent employment. Cpl's strategy of developing a balanced earnings stream has continued to prove successful. We continued to diversify the group's operations across a number of key business sectors in order to avoid over dependence on any one sector. We have balanced our net fee income between temporary and permanent recruitment - 51% permanent and 49% temporary - and we have balanced our operations between specialist and generalist recruitment - 73% specialist and 27% generalist. The acquisition of Medical Personnel Limited in March 2004 has strengthened our presence in the contract nurse recruitment market. We expect demand in this sector to continue to grow due to the shortage of qualified healthcare personnel. Ms Heraty pointed out that the growth in workforce management solutions requires prudent financial management. "Notwithstanding the increased demands on our working capital caused by this strong growth, the group has continued to generate positive cash-flows during the year through a combination of tight cost control, excellent working capital management and the cash generative nature of the group's mix of services. The net cash balance at 30 June 2004 was Euro5.3 million". We had a strong second half to June 2004 and that momentum has continued into the current year. We have made investments in people, infrastructure and back office technology. As a result we believe we are well positioned to take advantage of the improved economic conditions. Cpl chairman, Mr. John Hennessy, thanked the group's clients for their continued loyalty and support and also paid tribute to the team at Cpl for their commitment and professionalism. "The group has emerged in excellent financial and operational shape from a period when the economic and business environment was uncertain and challenging. Our business strategy of diversifying through selective acquisitions and focused business development while managing costs carefully has served us well. We have experienced better trading conditions during the year in most of our business sectors and we are very well positioned to take advantage of continued improvement." "We are looking forward with confidence to another challenging year in Cpl." Consolidated Profit and Loss account For the year ended 30 June 2004 2004 2003 euro'000 euro'000 Group Turnover - Continuing operations 70,748 52,436 - Acquisitions 3,111 - 73,859 52,436 Cost of sales (60,601) (41,803) Gross Profit 13,258 10,633 Administrative expenses (9,715) (8,070) Distribution expenses (1,050) (925) Group operating profit - Continuing operations 2,477 1,344 - Acquisitions 16 - 2,493 1,638 Interest, net 71 83 Profit on ordinary activities before taxation 2,564 1,721 Taxation on profit on ordinary activities (384) (334) Profit for the financial year 2,180 1,387 Dividends paid and proposed (368) (255) Retained profit for the financial period 1,812 1,132 Profit and Loss Account, beginning of year 11,418 10,286 Profit and Loss Account, end of year 13,230 11,418 Earnings per ordinary share 6.0 cent 3.8 cent Fully diluted earnings per ordinary share 5.9 cent 3.8 cent Consolidated Balance Sheet At 30 June 2004 2004 2003 euro'000 euro'000 Fixed Assets Tangible Assets 970 907 Goodwill 5,527 5,095 6,497 6,002 Current Assets Debtors 11,789 7,197 Cash at bank and in hand 6,689 6,809 18,478 14,006 Creditors: amounts falling due within one year (9,153) (5,950) Net Current Assets 9,325 8,056 Total Assets less Current Liabilities 15,822 14,058 Creditors: amounts falling due after more than one (559) (635) year Net Assets 15,263 13,423 Capital and Reserves Called up share capital 3,677 3,649 Capital conversion reserve fund 57 57 Share premium 1,656 1,656 Merger reserve (3,357) (3,357) Profit and loss account 13,230 11,418 Shareholders' Funds - all Equity 15,263 13,423 Consolidated Cash flow Statement For the year ended 30 June 2004 2004 2003 euro'000 euro'000 Net Cash Inflows from operating activities 183 3,289 Returns on investments and servicing of finance 71 83 Taxation (396) (345) Capital expenditure and financial investment (204) (47) Acquisitions (433) (628) Equity Dividends paid (293) (344) Net cash (outflow)/inflow before Financing (1,072) 2,008 Financing 14 (766) (Decrease)/Increase in cash (1,058) 1,242 Reconciliation of net cash flow to movement in net funds for the year ended 30 June 2004 2004 2003 euro'000 euro'000 (Decrease)/Increase in cash in the period (1,058) 1,242 Cash outflow from decrease in debt and lease 14 795 financing Movement in net funds (1,044) 2,037 Net funds at beginning of year 6,373 4,336 Net funds at end of year 5,329 6,373 Notes to the consolidated cash flow statement Reconciliation of operating profit to net cash flows from operating activities 2004 2003 euro'000 euro'000 Operating profit 2,493 1,638 Depreciation 242 293 Profit on disposal of fixed assets - (6) Amortisation of goodwill 325 310 Movement in debtors (3,442) (552) Movement in creditors 565 1,606 Net cash inflows from operating activities 183 3,289 Analysis of net funds 1 July 2003 Cash flow 30 June 2004 euro'000 euro'000 euro'000 Cash at bank and in hand 6,809 (120) 6,689 Bank overdrafts - (938) (938) Loans (435) 13 (422) Finance leases (1) 1 - At 30 June 2004 6,373 (1,044) 5,329 Dividends Paid & Proposed 2004 2003 euro'000 euro'000 Dividends paid of 0.4 cent (2003 0.3 cent) per 147 109 ordinary share Dividends proposed of 0.6 cent (2003 0.4 cent) per 221 146 ordinary share 368 255
primrose 100
27/8/2004
10:00
Looks like a few shrewdies are getting in ahead of the results (which we already know are going to be excellent). Time to have a look if you haven't done so before.
primrose 100
15/6/2004
11:34
Well if you think these are cheap have you looked at NRG (Northern Recruitment)? They issues a "will be substantially ahead" statement themselves recently too. Probably on a PE of 10 for the year just ending and low single digits the way they are growing. Also none of the intangibles, has pure organic growth more or less. 120% earnings growth this year. And it's not an Irish company witch ten to trade on lower PE's. CR
cockneyrebel
14/6/2004
14:23
Just issued a bullish trading statement!
royaloak
23/1/2004
11:45
INterims are now out & are very impressive again. Among the highlights of another challenging period for the CPL Resources plc group were • Strong financial performance in a competitive and changing market • Turnover up 48% to €34.7 million • Profit before tax up 35% to €941,000 • Earnings per share up 40% to 2.1 cent • Continued change in business mix, with significant increases in fee income from temporary employees and contractors
primrose 100
13/1/2004
11:04
Sorry. Make that 20%
primrose 100
13/1/2004
10:46
And another 10%. AEC - did you end up buying any?
primrose 100
08/1/2004
08:35
Aec, I haven't heard a thing. CPL are well worth a look even with the rise though IMHO. They rode the tech boom for all it was worth & went from a tiddler to a reasonably large company in no time flat. They then realised that the tech boom was about to go bust & diversified into other areas very successfully. In financial terms, this meant treading water for a year (an incredible result in the circumstances). Since then, they have returned to the growth curve in style. They are obviously brilliant at what they do.
primrose 100
07/1/2004
16:56
Primrose: It appears no-one was listening. I certainly wasn't, more's the pity. The jump in September was attributable to the excellent results. The shares haven't moved much since. Can you explain today's extraordinary leap? A broker note? No announcement seems to have been made. aec
arc en ciel
07/1/2004
16:38
Actually up 30odd %. I really hope that someone on here was listening.
primrose 100
07/1/2004
12:45
Up another 16% today. I presume nobody was listening to me. I feel like John the Baptist sometimes.
primrose 100
06/1/2004
09:45
Just noticed that these have been inching up again. Anybody else into this great little company. It has been a star in both good & bad markets. Management has not put a foot wrong so far.
primrose 100
17/9/2003
14:25
Hope somebody else got into this. Now up 40% in 2 days since my original post. Plenty to come IMHO.
primrose 100
15/9/2003
16:52
In a very difficult, CPL have managed to: - nearly double turnover - add 40% to profitability - diversify so that they are no longer overly-reliant on the technology market - improve cashflow faster than profitability They are well worth a look if people haven't had a look at them before. RNS Number:7735P CPL Resources PLC 15 September 2003 CPL RESOURCES PLC Interim Results for the year ended 30 June, 2003 Strong operational and financial performance by CPL Resources. CPL Resources plc, Ireland's leading employment services group, today 15 September, 2003 announced very strong results in a difficult trading environment, for the year ended 30 June, 2003. Highlights: * Strong operational and financial performance achieved in a difficult market * Profitable diversification resulting in improved financial performance * Turnover up 92% to Euro52.4 million * Profit before tax up 41% to Euro1.7 million * Earnings per share up 41% to 3.8 cent * Acquisition and integration of Multiflex and Techskills businesses * Change in business mix, with significant increases in fee income from temporary employees and contractors * Substantial improvement in working capital management * Significant improvement in cash, with net funds of Euro6.4 million at 30 June, 2003 (2002 - Euro4.3 million) Commenting on the group's performance, CPL Chief Executive, Anne Heraty, said: "We are very pleased with these results, particularly coming as they do in a difficult business and economic climate. Our strategy of tactical diversification, together with tight cost control and prudent financial management is clearly bearing fruit," she said. "CPL retains a core competency in information technology, and has diversified into finance and accounting, healthcare, engineering and managed services & office support divisions. In September 2002, we acquired the business of Multiflex, a light industrial recruitment company, and Techskills, which provides skilled engineers to a broad range of clients. Both businesses have been successfully integrated into the group, benefiting from the management infrastructure already in place at CPL and at the same time enabling us to provide additional services to our existing CPL clients. "CPL is committed to improving the competitiveness of our clients. We recognised a number of years ago that our clients would require a flexible approach to workforce management and we are now the leading provider of innovative and cost effective workforce solutions in Ireland. In June 2003 we had over 1500 temporary professionals working on client sites. Ms Heraty pointed out that the growth in workforce management solutions requires prudent financial management. "As well as keeping control of our costs, we have strengthened the management of our working capital and maintain strong cash reserves, up to Euro6.8m from Euro4.3m last year. Our strong cash balance is helped by a significant reduction in average debtor days, and this is particularly welcome in the context of increased working capital demands arising out of the shift to managing temporary professionals." CPL chairman, Mr John Hennessy, thanked the group's clients for their continued loyalty and support and also paid tribute to the team at CPL for their commitment and professionalism. "Our position as Ireland's leading provider of employment services is the result of the skill and dedication of an excellent team throughout our organisation. 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. "The outlook for the Irish economy in general, and many of the sectors in which we operate, remains somewhat uncertain and negative trends persist in employment across many industries. However, CPL will continue to take advantage of opportunities in the market place and diversify, where appropriate, with a view to continuing to achieve profitable growth." A final dividend of 0.4 cent per share is proposed, bringing the total dividend for the year to 0.7 cent per share. Consolidated Profit and Loss account For the year ended 30 June 2003 2003 2002 Euro'000 Euro'000 Group turnover - Continuing operations 37,949 27,298 - Acquisitions 14,487 - 52,436 27,298 Cost of sales (41,803) (18,470) Gross Profit 10,633 8,828 Administrative expenses (8,070) (6,785) Distribution expenses (925) (852) Group operating profit - Continuing operations 1,347 1,191 - Acquisitions 291 - 1,638 1,191 Interest, net 83 111 Profit on ordinary activities before taxation 1,721 1,302 Taxation on profit on ordinary activities (334) (319) Profit on Ordinary Activities after taxation 1,387 983 Dividends paid and proposed (255) (452) Retained Profit for the financial year 1,132 531 Profit and loss account, at beginning of year 10,286 9,755 Profit and loss account at end of year 11,418 10,286 Earnings per ordinary share 3.8 2.7 Fully diluted earnings per ordinary share 3.8 2.7 Consolidated Balance Sheet At 30 June 2003 2003 2002 Euro'000 Euro'000 Fixed Assets Intangible Assets - goodwill 5,096 4,595 Tangible Assets 907 1,117 6,002 5,712 Current Assets Debtors 7,197 6,645 Cash at bank and in hand 6,809 5,567 14,006 12,212 Creditors: Creditors: amounts falling due within one year (5,950) (5,244) Net Current Assets 8,056 6,968 Total Assets less current liabilities 14,058 12,680 Creditors: amounts falling due after more than one year (635) (418) Net Assets 13,423 12,262 Capital and Reserves Called up share capital 3,649 3,620 Capital conversion reserve fund 57 57 Share premium 1,656 1,656 Merger reserve (3,357) (3,357) Profit and loss account 11,418 10,286 Shareholders' Funds - all equity 13,423 12,262 Consolidated Cash flow Statement For the year ended 30 June 2003 2003 2002 Euro'000 Euro'000 Net Cash Inflows from operating activities for the year ended 30 June 3,289 2,402 Returns on investments and servicing of finance 83 111 Taxation (345) (1,345) Capital expenditure and financial investment (47) (26) Acquisitions (628) (659) Equity dividends paid (344) (452) Net cash inflow before financing 2,008 31 Financing (766) (818) Increase / (decrease) in Cash 1,242 (787) Reconciliation of Net Cash Flow to Movement in Net Debt for the year ended 30 June 2003 2002 Euro'000 Euro'000 (Decrease)/Increase in cash in the period 1,242 (787) Cash outflow from decrease in debt and lease financing 795 818 Movement in Net Funds in the Period 2,037 31 Net funds at beginning of year 4,336 4,305 Net funds at end of year 6,373 4,336 Notes to the consolidated cash flow statement Reconciliation of operating profit to net operating cash flows 2003 2002 Euro'000 Euro'000 Operating profit 1,638 1191 Depreciation 293 256 Profit on disposal of fixed assets (6) - Amortisation of goodwill 310 213 (Increase)/ decrease in debtors (552) 658 Increase in creditors 1,606 84 Net Cash Inflows from Operating Activities 3,289 2,402 Returns on investments and servicing of finance Interest paid (22) (61) Interest element of finance lease payments (1) (7) Interest received 106 179 Net cash inflow from returns on investments and servicing of finance 83 111 Taxation Corporation tax paid (345) (1,345) Capital expenditure and financial investment Payments to acquire tangible fixed assets (47) (26) Acquisitions, net of cash acquired Acquisition of Marlborough and Ann O'Brien (186) (616) Acquisition of Multiflex (163) Acquisition of Techskills (279) Acquisition of Careers Register (43) (628) (659) Notes to the consolidated cash flow statement Financing 2003 2002 Euro'000 Euro'000 Loan repayments (758) (758) Finance lease payments (37) (60) Net cash (outflow) from financing (795) (818) Issue of ordinary share capital 29 Net Cash outflows from financing (766) (818) Analysis of Net Funds Cash at bank Bank Loan Finance Net and in hand leases funds Euro'000 Euro'000 Euro'000 Euro'000 At 30 June, 2002 5,567 (1,193) (38) 4,336 Cash flow 1,242 758 37 2,037 At 30 June, 2003 6,809 (435) (1) 6,373 Dividends Paid & Proposed 2003 2002 Euro'000 Euro'000 Dividends paid of Euro0.3 cent (2002 Euro0.6 cent) per ordinary share 109 217 Dividends proposed of Euro0.4 cent (2002 Euro0.65 cent) per ordinary share 146 235 255 452
primrose 100
31/1/2003
11:04
On more try & that's it.
vegrqbvgt4e
29/1/2003
15:29
Pathetic effort to keep this on the front page.
vegrqbvgt4e
29/1/2003
14:46
Figures are in today. Very, very good performance in very difficult circumstances. - Turnover up - Pre-tax profit up http://www.advfn.com/cmn/news/newsmona.php?article=4112537&epic=CPS
vegrqbvgt4e
22/11/2002
14:13
A few points: 1. volume will be on ISEQ, therefore LSE vol is meaningless and not worth reference. 2. The aforementioned "Burn rate" is not burn at all but cash spent on acquisitions. 3. They obviously way overpaid for Careers register back in 2000 an yet have continued their acquisition spree, without doing any work on this company I would pressume management learnt from mistakes and made "better" purchases in 2001/2. They seem to be determined to take share in the downturn and position themselves for better times. As they remain profitable I imagine they will be successful. In 2000 I think Marlborough were worth 100 million. I would think CPL wil double and treble in size going into an economic upturn. The shares are tightly held so a takeover is very unlikely. If it happened it would be a huge premium to current valuation. Managment seems to the best of a bad bunch in the industry. 2 obvious mistakes thus far. 1. going public 2. over paying for careers Disclosure: no position
steve_mac
19/11/2002
13:22
Big fall today. Can't see why - results were quite commendable given the circumstances. They have lots of cash in the bank & are still making money. One-way bet from here - no?
vegrqbvgt4e
21/5/2002
00:04
Well, whatever happened to move the price so high so fase is now over and was very weird indeed, based on almost no volume, no news, no anything really. very odd. guess we all missed the boat, ho hum
dermothagan
15/5/2002
10:28
D, They are valued at £8.8m & had €4.3 million in the bank (as of last June). They have always been profitable so that figure is probably higher than that by now (albeit that they have made a small purchase). They still seem to be quite cheap to me.
lateral thinker
13/5/2002
17:40
Right, I have done a bit of research there is not much on this company out there, but it might be interesting. Results out for end of 2001 show: Expenses Costs for the period of €3.7 million were 31% lower than last year. (2000: €5.5m). Profit before Tax Pre-tax profits amounted to €673,000. This represents a decrease of 76% on the €2.7 million recorded in the corresponding period last year. Balance Sheet Our balance sheet position remains strong. Net assets at 31 December 2001 were €12.1 million (30 June 2001: €11.7 million) and our net cash balance at that date was €4.9 million (30 June 2001: €4.3 million). As you can see not much profit with a health cash burn/year. Further announcement 25th Feb show purchase of competitor from receivers for undisclosed sum. This will mean that cash is running very low. CPL Resources plc has agreed with David Hughes, Receiver, of Marlborough Group Limited and Ann O’Brien Secretarial Limited to purchase the temporary contract business of Marlborough Group Ltd and Ann O’Brien Secretarial Limited subsidiaries of Marlborough Group Plc. This business includes contracts under which temporary staff is provided to customers by Marlborough Group Ltd, and Ann O’Brien Secretarial Ltd, together with related assets, including business names and other intellectual property. A further announcement will be made in due course. I see a few possibilities happening, - The company has streamlined and brought down their internal costs, purchased a competitors bankrupt business and are now worth so little overall that they could be taken over. It is now possible for one large company (poss. UK) to move quickly and buy into the Irish market. - The have had their credit extended. - They have now been re-valued to incorporate the Marlborough acquisition. I could be way off the mark on this but have a hunt around yourselves see what you can dig up. This may be worth a look if a takeover is on the cards. What is weird is that the company must have very little in the bank, but is valued at £8.8M. I can't really see what is happening. They must have recently got more money from somewhere else, but there is no RNS about that. ????
dermothagan
13/5/2002
17:26
The former - CPL Resources - CPS is the ticker
lateral thinker
13/5/2002
16:51
Are we talking about the Irish recruitment company CPS or the company that makes umbrellas CPL.
dermothagan
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