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Or are you CNICal towards divies?
:)
Nothing wrong with maiden divies - +ve signal to market.
I hear you ggrant, I’m 85% all in with this share
And surely this year it will come good at some point…. When I say come good 1.75 so m not asking for much….
BUT and it’s a big BUT you never know do you
Let’s see, for now I’m going to stick and have faith
Good luck mate
Its pretty frustrating Dean...but people are being a little impatient on this board with CNIC. If you'd put all your money in CNIC at beginning of 2022 you'd be sitting pretty vs. 90% of market. 3x where it is right now would still be cheap but it's a small cap in the UK...the largest discounted sector anywhere in the world. And it's also tech focused...an unloved industry.
The company also confirmed that institutional were sometimes using CNIC for liquidity as one of few tech stocks that they could sell off not at a massive loss.
On any kind of valuation measurement, there is just insane value on offer here. It will come through at somepoint.
One thing I pray they don't do is pay dividends...should be hoovering up shares with buybacks at these levels. Hate the weird obsession with dividends...buybacks all the way.
Watching the likes of RR and WG fly after pretty shabby past trading updates/predictions not so long ago just makes me wonder WTH is going on with CNIC…. We seem the opposite.
Live in hope this Mofo flies this year at some point.
Market doesn’t seem to like CNIC at the moment……. I’m stuck here at the moment. Grrrrrr
Orders piling up on the ask side again
Have built up a large position in this over the last year or so. Originally bought in at 80p. Despite good results and tipped by everyone and their dog still nothing like a good valuation. Double would still be cheap. Is there something we don't know. On the charts a long term trend line from 2019 at 40p comes into play at 120p. Also concerning is a rising wedge pattern across the last two highs. If 120 is broken then we have lower to go. I pray not. Rarely have I seen an instance like this.
Repression
It’s called the stock market and it’s pretty dire right now. I’d be looking at buying more at this level, not selling.
ATB
So why the selling if there's nothing to be worried about in the results?
we have pretty much been told the results already + the company has already said more buybacks and dividends are coming. nothing to be worried about in the results before...
people's commentary on SP for this company are a bit OTT...yeah we should be valued 3x more for this growth opportunity but over the past year we are flat. a lot of other cash generating tech stocks are down +50%...
a bit of perspective would be good
I don't see that, I just see a seller or sellers overwhelming buyers - constantly. Whatever happens I will be out before Monday. It's not what you want to see leading up to results.
As I highlighted in Nov 22, there are still some substantial 'Unknown*' trades going through on LSE, so they show as neither a buy nor a sell when looking at the daily BUY vs SELL daily summary.
I've not seen it with any other company's trading; could it be an indication of the SP being 'managed', or am I barking up the wrong tree?
Repression
Indeed the selling is relentless.
Now coming up to 12 months since our open offer at 120p and despite non stop great trading updates since, looks like we're heading back to the offer price, that despite buy backs, making the company actually worth less now than a year ago! Add in inflation and shareholders are way out of pocket.
Does make you consider whether the share price/market cap is being managed here for alternative reasons.
And yet down again today. Relentless selling
Added another 3798 CNIC shares @131.33 this morning. Top up now complete and I look forward to the results announcement next Monday. Happy to be holding CNIC and CAML as the core of my AIM stocks as both are well managed companies with strong cash position and good growth prospects. . Also quietly building a position in AVCT which is higher risk but potential to be a multi bagger.
Since the Februaty issue of SCSW is out, it should be OK to publish this from last month's issue FYI:
"* CNIC
* Price: 155p
Having been a longstanding constituent of GP3 (since December ‘19 at 63p), shares in CentralNic took off during the month helped by its results for the first 9 months showing an acceleration in organic growth. Revenue was US$526.7m and EBITDA was US$62m and margins continued their strong trend upwards as the company scales. The swing factor is the Online Marketing division, which has doubled organically whilst the Online Presence division grew 4.3%. Net debt dropped by 22% to US$63.1m or 1.2x EBITDA.
In a busy end to the year, CentralNic has begun a £4m buyback and also separately acquired a portfolio of niche websites as part of its vertical integration strategy for its Online Marketing segment. The portfolio provides the company with exclusive special internet traffic to monetise and will be immediately earnings accretive.
CNIC is an astonishing cash machine at the moment and for Q4, Zeus is forecasting US$183m sales and US$21m EBITDA, which looks to be erring on the low side as Q4 tends to be seasonally stronger. That said, most of the money on the Online Marketing side seems to be being made in Germany and there is now tax to pay having used past tax losses, so eps is 19.1 cents for FY22 and 20.4 cents next year. I will be a bit sorry to see CEO Ben Crawford stand down as CEO at this juncture, with the FD taking the reins. But our gain to date is 146% so I’m not grumbling. Strong hold."
Sorry bud I actually got that wildly wrong....the statistic I was looking for is they could grow 50% a year until 2030 and only get to be 1% share of the market....it is absolutely insane!
For your reference - https://www.youtube.com/watch?v=1wHZ7S1bZKE - think this is the best video which explains the online marketing segment (it really took me a while to understand; online presence is as clear as day but given growth in marketing, its only like 20% of business now!)
Enjoy the ride!
Welcome aboard Pompal...
This is a far bigger opportunity than Kape...I've always said so. They make look similar on an earnings ratio comparison...but the rate of growth on offer and addressable market is much bigger for CNIC and they are generating far more cash/higher returns on capital. Although Kape should have gone for much much more...there was some pretty aggressive accounting there and honestly I was pretty happy to move my gains from there (lower ones than should have been) over to this far higher yielding opportunity....
Just think...management has confirmed more buybacks and a dividend program to follow...combined with 70+% organic growth rates in a market where CNIC has only a c.2% share atm.
If this share doesn't create a future nest egg then honestly...I'll be hanging up my boots with investing.
Hi ggrantsu
Quietly optimistic here after researching from the mention by yourself and rivaldo. All of my KAPE money came across. Proper shafted there and I’ll never touch another thing that crook is involved in.
Made a small amount though, unlike many others.
ATB
this story is so so exciting...so much ahead.
my only comment would be that Michael really lacks presentational ability vs. Ben which is a shame...he just doesn't have the charisma and ability to tell how exciting the story...kind of left to investors to inspire themselves over it...
either way...not changing my opinion on this being a potential nasdaq darling in the future. reading the book '100 baggers' today....no doubt that centralnic has the ability over the long term to achieve that status.
CNIC is ridiculously undervalued imho....at some point an industry behemoth like GoDaddy or similar will surely pounce here at this crazy valuation if it persists.
Good to see in the well-regarded Herald Invstment Trust's Annual Report this morning that CNIC are their 20th largest investment, with a value of £11.6m (£3.5m cost):
Https://www.londonstockexchange.com/news-article/HRI/annual-financial-report/15839432
"CentralNic is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands online. These platforms can also be used for distributing domain name related software and services, an opportunity that contributes significantly to CentralNic's organic growth. The Company's inorganic growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms.
CentralNic operates globally with customers in almost every country in the world. It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis."
Relentless selling with this share again today
If you get your facts right then why are nearly 2 million shares being sold by 2 Directors as well as LTIP’s cashed in. His need the money to fund other projects is totally nonce. Yes Royde been buying but a huge Director net sell down just before the closed period where trading is blocked.
Added more this morning. We already know that results are going to be good. And heavy hints from the board about a dividend payout to come too. All good with me.