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on the leaderboard now
That's better decent buy just popped up
....see this as a multi bagger imho
Ria, needs buyers to start showing up for that, but where are they?
I pretty much made most of the buys here myself today.
as this is well cheap and good RNS today
good start...expect some press exposure as well today
on the leaderboard now
Should be much much more IMO
this morning
Today....expect we should rally today
Anyone else adding on that news whilst the shares remain sub 7p?
Towards revenue!
That has secured £600k for revenue for 2023. (£300k for the sale and £300k licensing deal)
This deal is particularly strong as we are also generating revenue from licencing our platform to the buyer. The proceeds will be used to bolster our existing cash resources as we continue to drive our business forward."
Sale of Aviva business and licence deal from Jan 2023.
Rns out. Good news!
Yeah, I’m optimistic a rerate will come. Announcement due on products alongside final results in May. Also going off the proactive interview last week with James he mentions they will continue to expand the sales team. Clients are all repeat customers, once they use the services continue to use cornerstone. The Q2 caution was dampened in the interview with James saying they’d rather be seen to over deliver. They are quietly confident in revenue growth continuing through 2023
this is the perfect time to buy at its lows...this has massive potential
Cornerstone FS (CSFS), a foreign exchange and payments company, provided the following unaudited update on trading for the first quarter to 31 March 2023. The Group said it had experienced strong trading momentum through FY 2022 and expects to report total revenue for the year ended 31 December 2022 of approximately £4.8m. This momentum increased in Q1 2023 beating management’s expectations with unaudited revenue expected to be approximately £1.95m versus £0.95m for the same period last year. The Board remains cautiously optimistic for rest of the financial year.
Comment: One would expect that today’s update will be taken well enough for shares of CSFS to rally back to the top of their one year range towards 12p in coming weeks.
i agree good start off to the year and board was just being conservative...he should put RNS a bit better doesn't justify the share price at this price....very cheap
Can only think the Q2 caveat has been totally misred and that PIs are totally ignoring the uplifted full year numbers which still look very conservative unless of course CSFS will see quarterly incomes drop to £1.5m for each of the next 3 qtrs, not forgetting £0.30m from business sale + licence income which must be at least £0.15m. Sometimes I wish CEOs would think a bit more about how the wording of their releases will be taken and stop trying to be clever. Under promising and over delivering should work longer term so hopefully next update will make people even more aware of the value here.
i agree...worth double this imho
Really don't understand what's happened here since that Q1 update which was really positive (apart from the under promise/over deliver ref to Q2). CEO has clarified that comment but market seems totally disinterested when you would at least expect to some bottom fishers coming in.
imho good value now...due a bounce up to 10p
Revised 2023 revenues moved to 6.5m. q1 £1.95m + £0.3m in q2 sale of existing business + say £0.15m from 12 month licence deal to follow leaves @£4.1m revenues over next 3 quarters. Av £1.36m per quarter. Looks fairly conservative imo fwiw.