Observation31 Mar 2009 12:00
Director Buys more and follows a good rating from NCB Stockbrokers analyst Irfan Younus, who reiterates his 'buy' rating on the stock, says given the market turbulence, CLS has posted a strong set of results, reflecting resilience of its operating performance against an 18 percent fall in UK property values in the past six months. He also points out that CLS, which has property in France, Germany and Sweden as well as the UK, remains a net beneficiary of the decline in sterling. Could be a rise here with a 'kick up' in the SP from the low of a week or ago.