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Agreed all looks to be going well at TIG at the moment. I have taken some profits on the back of this rise to reinvest elsewhere, but still holding on to the bulk of my shares. I’d like them to use free cash flow to reduce debt rather than buy backs / dividends though as I’m looking for capital appreciation rather then income from this investment.
The feature also points out Kestrel’s continued buying of CNIC stock and their history as an active investor of brokering deals:
“CNIC could very much become a target for another market player, given the reach, growth and strong cash generation of the operation in relation to the current market value.”
Quarterly results are superb. Market reaction is baffling. I think CNIC is substantially undervalued and have just bought another 17,111 shares @ 116.82p.
Some chunky buys coming through today. At least one of them is mine ;-)
Let’s see what Monday’s update brings.
I just bought another 8024 shares @124.5p. Good time to top up my holding in advance of results update from CNIC.
New fast track approvals for uk pharma companies + abolition of the pension lifetime allowance = I’m hoping that the one will allow me to take advantage of the other and have added more AVCT shares to my SIPP today @129p. Plan to hold medium - long term through the drug development and approval process and let’s see what Avacta is worth after that. GLA
2. Who else is invested in CNIC?
I’m also reassured that a significant shareholding (around 23%) in CNIC is held by Kestrel. Check them out at. https://kestrelpartners.com/
Their founding partner Max Royde is now a non exec at CNIC and continues to buy stock. These folks know the market very well and have made a very substantial bet on CNIC. I would not be surprised if they are the ones steering CNIC towards an eventual exit strategy for the business.
So this is a strong business with smart money behind it. And a sizeable chunk of my pension too. I’m happy to hold and to have added to my stake during this dip. Best of luck to all holders.
1. I’ve spent 40 years in the tech business ( now retired comfortably). I like to think that I can spot an overlooked but well managed tech company with a strong cash position, great growth prospects and a large market opportunity.
If you care to visit CNIC’s investor page, there’s a handy summary of the investment case:
https://investor.centralnicgroup.com/investors/investment-case/
CentralNic’s Markets
Market: Online Presence services such as domain names and email, and Online Marketing services such as customer acquisition and traffic monetization.
Massive Total Addressable Market: $60 bn for Online Presence and $600bn for Online Marketing.
Quality earnings: Subscription recurring revenues in Online Presence and revenue share on rolling utility-style contracts in Online Marketing.
Growth Market: Online Marketing market growth at 20+% even during economic downturns.
CentralNic Competitive Position
Continued positive trading momentum, with record revenue and EBITDA for 2022
Organic growth superstar: 62% organic growth in 12 months to June 30, 2022
Highly profitable: $38.6M of adjusted EBITDA in H1 2022
Strong cash conversion – 110% in H1 2022
De-levered: Net debt < 1X consensus EBITDA
Proven business model – revenue multiplied 200-fold since 2013 IPO
Scalable Technology – provide sustainable competitive advantage
Global consolidator – global business with successful acquisition strategy in highly fragmented market
Experienced and entrepreneurial management team
Privacy-safe – proprietary AI and big data solutions a superior alternative to cookies
Repression I hope you haven’t sold as I think you will regret it. I don’t tend to “shout down” contrary views as it’s healthy I think to have a balance of opinions on this BB and right of you to raise a flag over the recent share trades in CNIC. I don’t know what’s behind these, but I suspect that this may be an Institutional investor adjusting their position, and / or market makers looking to pick up stock prior to the results announcement next week.
I have been greedy when others are fearful and now have a substantial position in CNIC. Here are a couple of reasons why I’m comfortable with this…….
Added another 3798 CNIC shares @131.33 this morning. Top up now complete and I look forward to the results announcement next Monday. Happy to be holding CNIC and CAML as the core of my AIM stocks as both are well managed companies with strong cash position and good growth prospects. . Also quietly building a position in AVCT which is higher risk but potential to be a multi bagger.
Added more this morning. We already know that results are going to be good. And heavy hints from the board about a dividend payout to come too. All good with me.
Monty 888 - if you actually read the announcement it says that Inter.Services GmbH, a company associated with Horst Siffrin, Non-Executive Director of the Company sold shares to fund an investment project. As part of the sale, Inter.Services has agreed a 90 day lock up period with CentralNic and has confirmed that it has no intention to sell further Shares currently.
Inter.Services Gmbh are still a major shareholder in CNIC, there’s no dumping of shares going on by the directors, and you need to get your facts right.
Relax everyone. No reason to panic. There’s a strong support level for CNIC share price around the 125-130p mark and I’ll be very surprised if it drops below this. I will keep buying more in the run up to results.
CNIC is in very good health. Results due to be published on Feb 27th and based on the last trading update they are going to look something like this:
gross revenue of c.USD 728 million - up 77% yty
Adjusted EBITDA1 of USD 85 million - up 84% yty
Cash increased from USD 56M to c.USD 95m.
Net Debt decreased from USD 81m to c.USD 57m.
You won’t find many (if any) other UK tech companies on the AIM market who have better growth potential than CNIC. Buy and hold.
There may be a steady stream of RNS “activity update” announcements from Cobre / Armada / Southern Gold, but these are not going to have much influence on the MTR share price as they are all in the early exploration stage and years from production. It feels like we are treading water at the moment and this is reflected in the share price. Waiting for the NSR payments from Sandfire to kick in once the Motheo mine gets into production.
It’s been a very long wait for some of the long term holders…
CEO McNeilly has been pretty quiet lately so we have no idea what (if any) further investments MTR are considering. The only catalyst I can see which would have an immediate and significant impact on the MTR share price is if someone makes a move to acquire Sandfire Resources.
I continue to hold and wait….
I agree. Have just added £5k worth at 140p. The SP has dropped a little in last month and I think this is a good top up opportunity. I believe that CNIC will rebound soon. GLA.
Life of Mine is an issue to consider if like me you plan to hold CAML stock long term.
The 2023 production guidance from their last ops update projects similar yields to last year eg:
- Copper, 13,000 to 14,000 tonnes
- Zinc in concentrate, 19,000 to 21,000 tonnes
- Lead in concentrate, 27,000 to 29,000 tonnes
I’m not aware if we have seen any guidance from CAML on when they expect to see yields from Kounrad and/or Sasa decline. Would be interested if anyone has a view or any info on this?
I’m happy to continue holding, given the steady capital growth and decent divi returns.
Zeus Capital may be a tad over optimistic methinks. But I see this as a top up opportunity and have just added 8,500 shares @ 117.5p to my holding.
I’m a realist and I’m still invested in MTR. Sold the majority of my holding off when it reached the high 20’s a while back and glad that I did. Now down 41% on the remainder.
It seems to me the the board have lost their bottle in selling off their KML holding to Cobre and then subsequently selling off Cobre stock. In the meantime Cobre continue to report positive exploration news and the long term prospects for copper price look good. I would have preferred them to sell off more of the passive investments if cash in the bank was required.
Now we wait for the NSR revenue stream from Sandfire to come on line next year. I have no idea why the SP continues to fall as this event gets closer to hand. But it’s been very disappointing that the board of directors don’t seem able to explain to shareholders what their strategy is now.
McNeilly - you’ve gone very quiet. Why is this?
A solid all round performance from CAML who continue to look like a well run operation generating bucket loads of cash. The 10p interim dividend is payable on 21 October 2022 to shareholders registered on 30 September 2022. Worth bearing in mind if you’re thinking of topping up. I am…