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Another strong day coming
Have dipped my toe in the water here with a purchase.
And now they are all moaning that UK market is still in Sumer mode with little action.......hmmm
Rias, well done then, I have also been here for a while too.......I suggested this share to jiffybag poster on GST a while back and he replied that as I was the only poster on this BB it was a red flag share to avoid....that was back around 10p I think.....doh
I have been in here a while newuncle
This is going to be huge, the next Equals plc. Welcome Rias
No they are not ...petroinvestor the doomster is here....no one listens to you...go away you are not wanted on this board with your dribble
Most of the people who are posting non-stop here are traders taking their 10% profits, and the newbies end up getting scammed.
Nice to see this double up
Both rock solid companies imo fwiw
Recently took a small investment in this Company before the recent results. Also a holder of Equals. Be interesting to see how they compare. Encouraging on both so far.
Lovely gap to be filled here, short term target now 20p
+6% moving with buys
++++UP nice
On the move now.....could be some great press coverage coming after those amazing results
Anyone want to try to show companies Market Caps relate to the actual performance etc. From what I can see elsewhere companies trade on multiples of income alone and yet CSFS is currently at @1:1 parity. Just don't look right, so what am I missing and more importantly, why isn't the market seeing the value?
Cornerstone's Revenue Soars 90% as Forex Provider Beats Market Forecasts https://www.financemagnates.com/fintech/cornerstones-revenue-soars-90-as-forex-provider-beats-market-forecasts/ #finance_magnates #fm via @finance_magnates
+14% with buying
So they had a slide that answered this in the IMC presentation.
£12k tax credit for H1, so profit after tax rises from £23k to £35k.
CSFS had built up £5m tax losses to carry forward, so they don't expect to pay any tax in short or medium term.
From proactive
Cornerstone FS PLC (AIM:CSFS)'s share price surged 13% as the company announced that its full-year 2023 results are set to significantly exceed market expectations, marking its first year of positive adjusted EBITDA.
The foreign exchange and payments solutions specialist reported a 90% increase in revenue to £3.6 million for the first half of 2023, attributing the growth to expanded payment capabilities and investment in sales.
The company also achieved its first half-year adjusted EBITDA of £200,000, a notable turnaround from a £500,000 loss in H1-2022. Operational highlights include a rise in revenue from direct clients to 91% and an increase in active customers to 874.
CEO James Hickman cited strong trading momentum and expressed confidence in the company's funding position.
At 9.04 am, the shares were changing hands for 13.28p, up 1.53p,
Why don't you ask the question on the meet the investors meeting today at 11am, open to anyone.
CSFS received £6000 tax credit for FY22, so there likely will be minimal change to PBT £23k once tax is factored in, but I agree it would be better to have it in black & white for clarity and transparency.
Things are clearly improving but the profit after tax should have been published, an overall loss I expect buy some interesting numbers.
Very good results.
#csfs Fantastic results.
Profitable on all fronts: EBITDA positive, PBT positive, cashflow positive
And best of all:
‘the Group now expects to report results for its full year 2023 significantly ahead of market expectations’