focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Fantastic update
I’m new to this share / company. Agree with the sentiment being shared. It’s certainly tracking under the radar at present. Not sure how to boost exposure. I don’t think it has a LinkedIn profile? This might be worth mentioning to the execs? Hopefully good news tomorrow will give the sp a big boost and get it top of the climbers board.
I'm looking forward to a bit more meat on the bones of the strong H1 period, but also any TU on Q3.
If Q3 continues to experience strong progress, then FY expectations could be upgraded and we might be looking at FY23 break even.
7am RNS for Interims followed by 11am Meet The Investors Broadcast and then no doubt interview with Proactive and maybe a broker note from Shore Capital the new house broker.
Enuf said
Decent buys but still low volume so far.....shame some people ignore a share like this because not enough people post about it here, silly reason not to buy really.
MMs moving with buying ahead of results
At present, MMs are adjusting to match the prevailing buying trend.
Currently, MMs are aligning with the buying trend.
Currently, MMs are aligning with the buying trend.
MMs moving with buys now
Good time to buy now
From 12 July 2023
Cornerstone FS on Tuesday said it expects to report positive adjusted earnings before interest, taxes, depreciation and amortization for the first half of 2023 given high levels of revenue growth during the period.
The cloud-based software-services provider sees revenue for the six months ended June 30 coming in at around 3.6 million pounds ($4.6 million), which represents a 89% on-year increase, it said.
"We remain on track to deliver significant growth for the full year and look to the future with confidence," Chief Executive James Hickman said.
Good time to buy
Trading momentum is tracking ahead of FY23F consensus revenue at £6.5m, against which the shares are trading on EV/sales of 0.8x dropping io 0.6x in FY24F.
Good time to buy
From SP Angel Note (Part 2)
Our forecasts include Revenue for 2023E and 2024E of £6.5m and £8.6m; EBITDA of £0.1m and £1.1m; and PBT of £(0.7)m and £0.03m. Cash is expected to grow to ~£1m by the end of 2024E, with sufficient cash generation to pay the earn-outs and loan notes through 2026E, eliminating further dilution to shareholders. These revisions support an equity value of ~£27.9m or £0.44/shr based on a DCF (12.5% WACC; 3.5% TG).
Good time to buy
Just look at todays trades that have moved the shares up 15%, the herd are not even close............yet.
Good Time To Buy
50k taken at 10.75 which is the best price for some time but way below where these could go in the next few days.
Good time to buy
I see Zak Mir covered Cornerstone over the weekend and remains bullish with a short term target of 13p
Usually his coverage is like a massive sell signal to the market (why I will never understand) but this time I think he's right in terms of gains to be had but wrong with his target upside which I believe could much more if the retail market focuses on the ridiculously cheap MCAP of £6m here v 1st half revenues of £3.6M, second half should be even higher for this fast growing business in very high value FX markets. DYOR but just look at CSFS peers values to see how cheap CSFS actually is today.
Good time to buy
Just look at yesterdays trades
Good time to buy
"The strong trading momentum experienced in 2022 has been sustained into the current year, and we remain on track for a significant increase in revenue for full year 2023 and are optimistic in terms of adjusted EBITDA positivity. As a result, and as we continue to broaden our partnership network and offer, we remain confident in the future and look forward to reporting on our progress."
Solid day
Moving Day as buyers come in, nice.
Buyers showing ahead of Interims, real value on offer here
Buyers
GST v CSFS Value
DYOR
Good time to buy
Well worth listening to this interview
Cornerstone FS PLC (AIM:CSFS) CEO James Hickman speaks to Thomas Warner from Proactive after the foreign exchange and payments company released a trading update for the first half of this calendar year.
Hickman gives his take on the highlights from the period, noting that that the company was adjusted EBITDA positive for the first time.
He emphasises the importance of commercialising Cornerstone's tech platform and highlighted the investment in sales as a key driver of success, before going on to look at what investors can expect from the second half.
He expresses his ambition to record a first profitable year and says he's fully focused on "growing the revenue and controlling the costs."
He expects to release interim results on September 12th.
Cornerstone says on its website that "everyone in the Cornerstone team is dedicated and passionate about our shared mission of making it easier to do business across borders."