Cpl Resources Share Discussion Threads

[lbo] 25/4/2009 18:38

"Spain and Ireland together have accounted for 75 per cent of the eurozone's unemployment increase in the 12 months to February, even though they make up only 14 per cent of gross domestic product," he said. "That tells you a lot about how bad their performance has been."

[lbo] 21/4/2009 21:11

And the lesson of Ireland is that you really, really don't want to put yourself in a position where you have to punish your economy in order to save your banks

[lbo] 05/2/2009 13:23

Recruitment firm CPL has a real job on its hands in current climate

[fr4dge] 03/2/2009 14:22

Market value almost totally covered by cash now.

Still positive on a cashflow basis - albeit conditions are going to be tough for the foreseeable.

Great little company in a horrible sector.

I'll be hanging on to mine in the hope of a leap up when the market recovers.

[lbo] 03/2/2009 11:19

Profits at CPL Resources down to €6m after 48pc slide









€1.15 HOLD

[lbo] 19/12/2008 14:37

Emigration once again: the ESRI's Dr Alan Barrett on the think-tank's latest gloomy economic forecast

[lbo] 15/12/2008 13:36

CPL says outlook 'very uncertain'

[lbo] 04/12/2008 10:30

Davy: Recession to last through 2010

[lbo] 03/12/2008 22:31

Live Register sees another record increase

[lbo] 23/10/2008 22:24

Unemployment may exceed 8% in 2009 - FÁS

[lbo] 21/10/2008 22:51

Irish Economy: Goodbody says GDP will plunge 4% in 2009; Budget forecasts too optimistic; Number of years before trend growth is achieved again

[lbo] 14/10/2008 21:37

Ireland delivers gloomy budget

[fr4dge] 17/9/2008 17:20

Results out for year. A little better than I expected.

PE is less than 5.

Excellent company. I expect them to manage the downturn much better than most in the sector.

I think I'll lock them away & look at them again in a couple of years.


Financial Highlights

* Sales EUR257.6 m (2007: EUR195.5 m)
* Net Fee Income EUR52.5 m (2007: EUR43 m)
* Profit before tax EUR20.7m (2007: EUR19.3 m)
* Earning per share 48.3 cent (2007: 45 cent)
* Conversion ratio 39.4% (2007: 44.8%)
* Net Cash EUR37.5m (2007: EUR29.6 million)
* Dividend 5.0 cent per share (2007: 4 cent)


John Hennessy Chairman of the Group said

"It has been a year of two very different halves. In January we reported profit before tax
for the six months to 31 December 2007 of
EUR11.7 million, up 45%. The Group has been operating in a changing and more difficult
environment, reflecting a significant decline in
employment growth in Ireland and an increase in the numbers on the live register. The Profit
before tax for the year of EUR20.7 million is
7.1% higher than last year"

The strength of CPL's Balance sheet is demonstrated by the reported net cash balances of
EUR37.5 million at 30 June 2008. Our debtor
days remain at 35, similar to last year, and we remain focused on ensuring that cash is
collected from debtors as quickly as possible. As a
result, we have not experienced any significant increase in the levels of bad or doubtful
debts.

The year to 30 June 2009 will be a challenging one for the Group, but we are well
positioned and resourced to take advantage of any
opportunities that may emerge to add to our business, through organic growth or acquisition,
in specific markets and sectors."

[lbo] 30/7/2008 10:39

CPL shares tumble 7pc as year-long drop hits 75pc

[lbo] 18/7/2008 10:52

Recession fears engulfing Europe



Like Spain, Ireland has suffered a housing market collapse and many people have run up huge personal debts. The Irish economy shrank earlier in the year and economists say that if it continues to contract, the nation will fall into recession by the end of 2008.

[lbo] 18/7/2008 10:52

CPL shares drop as broker slashes its earning forecasts

[fr4dge] 16/4/2008 11:45

Uh oh.

We've had a profit warning.

15% reduction in profit forecasts.

Anybody exposed to recruitment in Fin Servs in Europe / the US is likely to get significantly impacted by current conditions.

It is a bloodbath out there.

Let's hope CPL's other areas manage to hold firm.


Trading Statement





The reduction in economic growth and activity in Ireland and elsewhere in recent
months has had an adverse effect on many of the markets in which CPL operates.
As a result, employment activity, and particularly the recruitment of permanent
staff, has declined.

As a consequence, CPL now expects its profit before tax for the year to 30 June
2008 to be approximately 15% below current market expectations.



CPL expects to update the market further through a pre-close trading statement
in advance of 30 June 2008.

[liarspoker] 16/4/2008 08:24

MPI is more geared towards the financial industry however both MPI & RWA have a greater geographical exposure than CPL.

Sorry to see the price fall for those holding here.

[l3gend] 10/4/2008 10:24

RWA more geared to financial services industry which is a big worry for me... CPL Resoruces looks like the one to own here...

[fr4dge] 17/3/2008 18:02

More buys outside the spread.

MMs must be getting short of stock - there has been a steady stream of buys with no sells for quite a while now.

[liarspoker] 29/2/2008 16:22

Yes, but the past is the past.

Tougher economic conditions are coming up.

Anglo Irish bank have also been growing their earnings at a 35 - 40% rate these last few years but for 08 they've forecasted 15% growth yet they might cut that as well on the back of AIB & BOI statements of low single digit growth.

Granted CPL have a great cash position and positive net debt but being tied to the UK & Irish markets could slow growth in a big way. Both RWA & CPL are trading at around 4.65 X PBT and multiples of about 6.5 before stripping out cash btw so they are much the same. RWA would be the stronger brand name too.

MPI results Tuesday so I won't comment on them till then. :O)

[fr4dge] 29/2/2008 15:06

CPL is becoming more & more diversified in terms of geography & business area.

How fast are RWA & MPI growing their earnings?

CPL have grown at better than 40% for at least 5 years now.

[liarspoker] 29/2/2008 14:59

Excellent time to take starter positions in recruiters imo.

Market has priced them on a forward multiple of less then 8 in some cases around 4 if you strip out the cash. I've taken positions in RWA & MPI as I prefer a more diversified company, geographically speaking, than CPL.

[fr4dge] 29/2/2008 14:48

Someone has paid £3.22 for 2,00 shares.

Not sure why the MMs don't mark these a bit higher.

Seems to be a steady procession of buyers having to pay a long way outside the spread to pick up a relatively small number if shares.