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CentralNic enjoys 'strong' trading after KeyDrive acquisition

Mon, 04th Feb 2019 16:14

(Sharecast News) - CentralNic on Monday reported that "strong" trading had seen the company's full-year results fall in-line with expectations after its takeover of KeyDrive in August.For the year ended 31 December, the domain name registry service provider said revenue was expected to come in at approximately £42.5m, up from £24.3m the year before, while adjusted underlying earnings (EBITDA) were expected to rise from £6.6m to £6.7m.Meanwhile, the AIM traded company's net debt was anticipated to be lower than market expectations at approximately £2.4m, down from £7.2m for the year before, courtesy of strong cash conversion in the second half of the financial year.Ben Crawford, group chief executive of CentralNic, said: "2018 showed a significant improvement in our quality of earnings, with the company making the strategic decision to cease trading in high value premium domain names, and through the KeyDrive acquisition to move to a business model where over 90% of all revenues derive from the sales of subscription products."The company said it had achieved a number of integration milestones with Germany-based domain names services provider, KeyDrive, with the acquisition having "effectively doubled the company's size" and increased the percentage of revenue attributable to subscription products to roughly 90% of total revenue.CentralNic said it expected £1m in cost synergies during the 2019 financial year as a result of the migration of its largest retail and reseller businesses onto the KeyDrive platform and the migration of the majority of KeyDrive's registry clients onto its own software platform.Finally, the company announced that former KeyDrive chief executive Michael Riedl will be appointed to the board as chief financial officer with immediate effect, replacing Don Baladasan who will remain on the board in a new role as group managing director."The addition of Michael Riedl to our board and the new remit of Don Baladasan creates an even more robust bench of experts to deliver our buy and build strategy. We are well positioned for the next stage of developing a global company that drives the growth of the digital economy, giving shareholders exposure to the fastest-growing customers, products and markets in our sector, worldwide," said Crawford.CentralNic's shares were unchanged at 50.50p at 1635 GMT.
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27 Feb 2023 07:53

LONDON BRIEFING: AB Foods raises expectations on "resilient" spending

(Alliance News) - Stocks in London were called slightly higher on Monday, as sentiment recovered from a shock US inflation print at the end of last week.

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20 Feb 2023 15:48

UK earnings, trading statements calendar - next 7 days

Tuesday 21 February 
Antofagasta PLCFull Year Results
BHP Group LtdHalf Year Results
Blancco Technology Group PLCHalf Year Results
Finsbury Food Group PLCHalf Year Results
HSBC Holdings PLCFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Safestore Holdings PLCTrading Statement
Smith & Nephew PLCFull Year Results
Springfield Properties PLCHalf Year Results
Sylvania Platinum LtdHalf Year Results
Trifast PLCTrading Statement
Wednesday 22 February 
Avingtrans PLCHalf Year Results
City of London Investment Group PLCHalf Year Results
Conduit Holdings LtdFull Year Results
Liberty Global PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Primary Health Properties PLCFull Year Results
Renewables Infrastructure Group LtdFull Year Results
Rio Tinto PLCFull Year Results
Synectics PLCFull Year Results
TBC Bank Group PLCFull Year Results
Transense Technologies PLCHalf Year Results
Thursday 23 February 
Anglo American PLCFull Year Results
Arbuthnot Banking Group PLCTrading Statement
BAE Systems PLCFull Year Results
Bluefield Solar Income Fund LtdHalf Year Results
Drax Group PLCFull Year Results
Driver Group PLCFull Year Results
Genus PLCHalf Year Results
Greencoat UK Wind PLCFull Year Results (TBC)
Harmony Energy Income Trust PLCFull Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Made Tech Group PLCHalf Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
Versarien PLCFull Year Results
WPP PLCFull Year Results
Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
  
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31 Jan 2023 11:24

CentralNic partners with WHMCS for automated domain name reselling

(Alliance News) - CentralNic Group PLC on Tuesday said it has become a preferred partner of WHMCS, an automation platform for web hosting and domain resellers.

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30 Jan 2023 09:26

CentralNic Group revenue surges as increasing demand boosts growth

(Alliance News) - CentralNic Group PLC on Monday said it booked record revenue in 2022, owing to its "outstanding business portfolio".

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20 Jan 2023 15:51

Director dealings: Centralnic director raises stake

(Sharecast News) - Centralnic Group revealed on Friday that non-executive director May Royde had acquired 85,000 ordinary shares in the AIM-listed IT service management company.

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20 Jan 2023 11:44

IN BRIEF: CentralNic director buys GBP130,000 in shares

CentralNic Group PLC - London-based proprietary software platforms developer - Non-Executive Director Max Royde buys 87,930 shares at an average price of GBP1.49 each on Monday. The transaction value is GBP131,063. Royde is a partner of Kestrel Partners LLP and a shareholder in Kestrel Opportunities, and so is deemed to have a beneficial interest in Kestrel Opportunities' entire holding in CentralNic.

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30 Dec 2022 19:08

CentralNic launches maiden share buyback programme of GBP4 million

(Alliance News) - CentralNic Group PLC on Friday celebrated the launch of its maiden share buyback programme of ordinary shares for a maximum consideration of GBP4 million.

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21 Dec 2022 19:20

TRADING UPDATES: Atlantis Japan underperforms; Bellevue lowers payout

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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19 Dec 2022 10:04

CentralNic acquires niche website portfolio for USD5.2 million

(Alliance News) - CentralNic Group PLC on Monday said it has entered an agreement to acquire a portfolio of revenue generating niche websites from multiple sellers.

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19 Dec 2022 08:32

CentralNic acquiring portfolio of websites for $5.2m

(Sharecast News) - Online presence and marketing specialist CentralNic has agreed to acquire a portfolio of revenue-generating niche websites for $5.2m in cash and assumed working capital liabilities, it announced on Monday, in an asset deal from multiple sellers.

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19 Dec 2022 07:52

LONDON BRIEFING: Stocks called up, but prospect of Santa rally fades

(Alliance News) - The FTSE 100 index looked set to regain some lost ground early on Monday, having fallen to a four-week low last week.

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12 Dec 2022 10:54

CentralNic promotes CFO Riedl to CEO; announces maiden share buyback

(Alliance News) - CentralNic Group PLC on Monday promoted Chief Financial Officer Michael Riedl to chief executive officer with immediate effect, and announced a maiden share buyback.

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12 Dec 2022 09:56

Crawford out, Riedl in as CentralNic chief executive

(Sharecast News) - Internet software company CentralNic announced the appointment of group chief financial officer Michael Riedl as group chief executive officer on Monday, with immediate effect.

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12 Dec 2022 09:05

LONDON MARKET OPEN: Stocks down despite surprising UK GDP print

(Alliance News) - Stock prices in London opened in the red on Monday despite positive news for the UK economy, as investors eyed a trio of central bank interest rate decision later in the week.

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12 Dec 2022 07:57

LONDON BRIEFING: UK economy unexpectedly grows by 0.5% in October

(Alliance News) - Share prices in London are set to open lower on Monday as investors look ahead to an important week for central bank decisions.

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