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don't know what happened with that post lol
GBG EV would be
GBG interests me.....eyeing £2.80 ish...wd make EV
also tempted by RWS...c£2 ...wd make EV c US$800m (EV/rev <1; pe<10)...lower growth potential, but seems like cheap utility pricing for well entrenched incumbant
Jolly.
At $21m and £ tanking v dollar cns isn't too far off, also profitable, decent cash / balance sheet and decent growth / move from perpetual to saas. Share price a bit marooned 10-11.
What did you get into ?
had to sell 30k given the huge drop in software comparators...still hold >100k
you can buy quality at 1.5-3* rev elsewhere
impressive strength
tp 25p++
They are in the Panama papers - icij.org.
From vague memory, I think the reporting requirements are 5% for the purchaser when listed in some far flung places.
These guys cleverly built a stake over 12 months, and are now announcing it.
Date threshold was crossed from the first of the four RNS was sept 21. Bit late in reporting that aint they, or maybe in Panama they're not used to regulatory requirements...!
Who are these guys, couldn't find out anything about them apart from being in a very dodgy tax haven? Any other investments they have, past investments, long / short term holders?
Caraway Group Inc. 31,000,000 shares. 6.26% of Corero.
https://www.youtube.com/watch?v=zIGBgCdSdYM&ab_channel=InvestorMeetCompany
Like the company, great presentation.
Forgot to say as usual reporting in dollars - sterling reporting even better.
Still have a gripe they don't split out renewals from New business, although new customer count still strong.
Continued strong results and good outlook across all kpis - the juniper relationship still strong.
Really don't know why this isn't talked about more, especially as it is in a hot space. Always wondered whether a US listing would help.
Will be interesting to see how the new cro gets on further developing the us.
02-Sep-22 16:40:43 10.4166 300,000 Buy* 9.50 10.50 31.25k O
Takeover offer for darktrace, hot sector. Sterling weakness makes a lot of UK companies dirt cheap for the yanks, still juniper in the background.
Jolly, unless macro events take a turn I would hope we are at a low in the trading range.
Welcome qd. Valuation of software companies more of an art, especially where there is a mix of SaaS and perpetual. Good thing is cns is growing, profitable and has cash.
welcome
even if the worm of sentiment hasn't fully turned...isn't this a decent play back up to 12p?
.... and I'm in today.
Sold a load of Cerillion to do it, which Sir Humphrey might call a "brave decision". That's done so well, the only problem is I'm not quite sure why. Here I really can see why: great progress on all fronts, coming into profitability (a nice stage), unlikely to need to raise soon, fallen nicely recently! [Sorry, peeps :)]
And I can't help wondering if they have the product of the moment? The Ukraine conflict - correction, WAR - has been spilling onto the internet, primarily I hear in DDoS attacks. Which are so easy to do.
I'm no accountant, and wouldn't know how to value this, but I do love the charts.
I'm curious about the large and increasing holding by Sabvest. I know nothing of them except they've been around as an investment group in South Africa for over 30 years and have "interests in ten unlisted and three listed investments". Of the 3 listed investments only the one, CNS, is outside SA. Were we just too good to miss? :)
Another takeover at a rich price, with both software and defence companies in the mix.
With sterling in the toilet and cns having much of their revenue in $ and costs in £ this helps underline the share cap.
High retention rates appear to show customer stickiness, it would take a brave / stupid CIO to take it reduce cyber spend at the moment.
Miton notorious at not providing updates to companies on their holding.
I own shares in MINI which has some of this holding, they don't tend to hold for that long before selling up even in companies where their sale will clearly impact the share price.
I think just a little sell off from the rns.
What might have perturbed investors is the lack of forward guidance, despite the contract backlog and security of much of the revenue forecast from the arr. I believe a couple of large perpetual deals last year which, if similar deals are replicated as aas (a good thing as it improves arr) but this will hit revenue and profit in the very short term.
No idea Wintzy, but there were a lot of big trades at 9p. Wondering who knows something we all should know.
Any reason for the drop today.....can't see any RNS.
Still hitting the numbers each half year, no fuss just strong delivery from what seems to be a very professional team.
Amazed this doesn't ever have a write up in an investment mag.
Undervalued and with the ability to attract a takeover.at a substantial premium, especially with the £ being down the toilet vs $.
Article in IC this week on cyber stocks, main focus on the large US stock but a section of about 4-5 UK stocks, usual suspects darktrace etc, no mention of cns. Lost opportunity for readers for research, put on watch list - sure they would be impressed with what they gather.
B#####y autocorrect. A high proportion of revenue NOT in sterling!