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Good time to buy
FX market is booming
Great to see GST doing so well this week, CSFS will be the next one.
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
FWIW from SP Angel Note (Part 1)
Outlook: The Group’s performance in H123 is exceptional. It underscores the potential for growth under the current corporate strategy which seeks to optimise the commercial potential of CSFS’ tech platform focusing on targeting customers in high growth regions. Overall, CSFS is on track to achieve positive Adj. EBITDA for 2023E without the injection of additional capital and reduced dilution to shareholders, marking a significant achievement for the year.
Good time to buy now
FX market is booming
Look at GST (£15m MCAP) and compare that with CSFS (£5M MCAP)......
Good time to buy now
£5M market cap for a fast growing FX business that has already generated £3.6M revenues for 1st half of 2023
Good time to buy now
1st trade today and someone can see the value on offer here
22k at just 9p
Good time to buy now
Still completely under retail investors radar at the moment, these could move rapidly when they start to buy.
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 now
Shore Capital who are the new company broker for CSFS will issue a detailed coverage note for CSFS at or around the publication of Interim Report. Thanks to our seller people can buy ahead of that being issued.
Good time to buy now
As announced on 19 April 2023, the Group generated exceptionally high levels of revenue growth in the first quarter of 2023, and entered the second quarter with strong trading momentum. This strong momentum was sustained through to the end of Q2 2023 and accordingly, the Group expects to report total revenue for H1 2023 of approximately £3.6m, representing an increase of 89% over the first half of 2022.
Good time to buy now
Interims due 12 September
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.
Good time to buy now
1st half revenues £3.6M v current MCAP of only £5M!!!!
Good time to buy now
Cornerstone FS Plc (AIM: CSFS), a foreign exchange and payments company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, confirms that it will be announcing its interim results for the six months ended 30 June 2023 on Tuesday 12 September 2023.
Presentation to investors
James Hickman, CEO, and Judy Happe, CFO, will be presenting via Investor Meet Company on 12 September 2023 at 11.00am BST. There will be an opportunity for Q&A at the end of the meeting.
Buyers are back
Posted by McFly elsewhere
The key is cashflow. CSFS has hit an inflection point and is now adding to the cash balance.
The SP Angel forecast is for CSFS to add to the cash balance this year, and then to add substantially to the cash balance going forward.
And that is based on very conservative forecasts that will now need to be upgraded.
It’s a real turning point for the company. The operating leverage will now really kick in and cashflow will build significantly.
Great RNS ......13.50 close would be awesome
Honestly some green eyed posters here today, missed out obviously.
Told you 12.00 was coming its here today
Only loss making on non business expenditure so Deprecation.
Tax should be minimal due to tax losses bringing f/wrd
All depends on the admin/operating costs. I remember them posting all these great numbers then getting a shock when I saw the costs had ballooned too, they say some will not be repeated but they are saying EBITDA positive which means to me they are still loss making, play the game Knigel and trade some if it gets chased up
Excellent update - surely a decent increase in the share price today?
Excellent holding rns
Could go mental next week with news and volume