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TAKEN OUT
Gone nt to buy at 8p
On the leaderboard
Now.....7.50 taken out with 15 minutes to close.....going to fly
Now on the leaderboard....
On the leaderboard.... .....expecting a very strong finish ,,,,,,,can we break past 9.00 -10.00 with 30 minutes to close
On the leaderboard ......ready for a breakout 7.00 taken out ......ready for the next leg up
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.
Myles mcnulty.....
"Consensus forecasts - in my own view - fall well short of reality.
In Q1 2023, CSFS recorded revs of £1.95m. Consider the aforementioned recent QoQ growth; and consider consensus forecasts for FY 2023 rev growth of £6.1m.
Much more likely, in my view, CSFS will - at the absolute minimum - simply match Q1's rev, across Q2, Q3 and Q4.
That puts it on £8m revs for this FY.
Forecasts in the market suggest FY 2024 revenue of £8.12m, which would yield an EBITDA of £1.23m. That would put CSFS on an EV/EBITDA of 3.0x - which is absurdly cheap, for the recent top line growth rate of the company.
So: there you have my buy rationale. My view is that CSFS is going to obliterate forecasts this year.
The leaderboard.....mms are going to have to let this go very soon
Risers now on the leaderboard....climbing up
CSFS has broken 50 DMA resistance and 200 DMA resistance......looking very strong for a break out now
On the leaderboard//// buying pressure building up looking good for an afternoon rally
I wish they would close that spread
On the leaderboard
People are now realizing this is massively undervalued and should multi-bag from today share price
On the leaderboard....looking very strong
Today
All buys this morning
Https://twitter.com/MylesMcNulty/status/1656929518307647493?t=4JyhZ6WNQ_lhj8RR87y3gg&s=19
Https://twitter.com/Johnincarlisle/status/1658152556277772311?t=h0N5h21X0zxIjAuwmmpIeg&s=19
That then makes a mockery for next year's forecasts. Massively undervalued with outstanding management.
Just now...pretty cheap
Welcome aboard leveller45
Dipped a toe in today, looks promising recovery play.