Member Info for Newuncle

Not sure why but CSFS just tweeted this out.

The UK and France have a trading relationship as old as the countries themselves (and longer!)... here are some key figures about this relationship. https://t.co/ItarOCgAoe

To translate that into the share price:

63p = £15.0m (2.4 times current bid at 26p)

104p = £24.7m (4 time current bid at 26p)

Current MCAP £6M with Valuation range between £15.0m and £24.7m

From Feb 2022 Broker Note

Cornerstone’s organic trajectory is favourable, both in terms of strong revenue growth and a sharp uplift in gross margin driven by the move to a greater proportion of direct sales. Our valuation approach centres on a DCF analysis for two primary scenarios. The implied fair equity valuation range is between £15.0m and £24.7m; the former now includes Capital Currencies, while the latter considers further acquisitions.

SFBP,

You are more than welcome and btw your post was not the least bit arrogant although I would caution you about bringing the missus in on the action as you might need to look at selling an organ if she isn't getting the performance she wants. Small daily gains are perfect, just so long as we don't get any big sells spooking people out. On Aim it can be the case of 3-5% daily gains going through and then wham a Friday sell off knocks it right back. Anyway, the weather's great, this stock seems to be appreciating nicely, lovely PBB here. Happy Days.

To be honest LTB I have pretty much written off CR deal in my own mind, if anything comes of it that will be a bonus now.

As for Breath Test, it's bit like herding sheep that one.

Still all about Labskin and Water Monitoring for me.

STC remains the joker in the pack but considering the financial resources and staff time that Gerry has thrown at that he must be looking for something big to come there.

Spread has improved too.

26.0p Bid
27.7p Ask

Thar she blows SFBP...

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
26-Apr-22 12:59:35 27.5499 17,800 Buy* 25.00 28.00 4,904

LTB

nice post.

Guys,

Good to have you all here and contributing (reminds of the good old days before the trolls started to infect BBs) so let's enjoy this time we have whilst we are all supporting each other here because we all know what will happen when the herd comes (we will get the short term rainbow chasers complaining when they haven't doubled their money in a week and the usual trolling types will turn up to gloat and do their thing they always do). Seen it all before.

I agree, it's more likely to be about promoting DVRG to City Analysts and their associated client offices.

I would hope that the completion of UK trials for water monitoring (due end April 2022?) would have yielded some good news for investors and might bring in the buyers again.

Frix,

Bit of problem with that view imo.

Big investors prefer to take enough shares to be worth their while eg say 3-5% minimum (ie 6m-10m shares) at lowest prices they can get (not via the open market) and it is almost impossible for single players to obtain that kind of volume unless via placings unless they can take shares from an existing larger holder who wants to exit (perhaps that could be our friends at Helium).

Thanks for sharing Shatner.

Nice buy there....anyone want to claim it?

50,000 (£13k)....we are getting noticed.

Welcome aboard KD, always great to see new people joining us on CSFS journey. As SFBP says, very early days here SP wise and plenty of upside just based on the IPO value. Now we can see how well the new AsiaPac division has performed and Q1 revenues already matching 1st half of 2021. It's gonna be exciting.

No1 on today's Leader Board (at least for now anyway).

Looks like a few others have joined you in adding today SFBP.

SFBP,

Seems like you have moved the market with your buys!

Best of luck here and hope we can enjoy how CSFS develops from here. MMs will no doubt play around while volumes remain small until the herd catches on (as they did with TNT). Fintech is a hot sector and CSFS seems well run and well placed to grow nicely from here. Still a steal at anything below 40p levels IMO FWIW and I just hope the news flow improves and they gain more clients and income.

Because everyone has been waiting for me to post........

KNIGEL

With an mcap of just £6m and 1st qtr revenues of £1m for Jan to Mar 22 at margins of 50% + I can see CSFS going close to £1 levels this year minimum. Add in more potential acquisitions and the fact the business model has changed to direct client relationships the company should see more growth to both the top and bottom line. This is just the start for me. Imagine the value if 2nd qtr comes in at say £1.5m with 50% margin?

SFBG,

I can recall having a very similar conversation on LSE over on TNT plc PBB last year with a poster called Davy.

I was buying them from low 20s and adding into the 50s and 60s and Davy kept saying he would not be buying the overpriced stock. Didn't take much to move them to £3.50 (currently back to £1.50 levels). I prefer to think of the potential bigger prize rather than being over concerned about the spread or short term price volatility but each to their own as they say. I am happy to have bought up to my my TR1 limit on these now and will wait for the herd to catch up to what real value there is in CSFS just like they did with TNT plc, might take a few days/weeks or months yet but have to be in it to win it. All IMO and WTFDIK. Good Luck whatever you decide.

That's why they do it. Fed up with MMs, they don't make a real a market these days, just a market that serves their own interests on the day. They gouge investors both ways when they work to such silly spreads and they know how to kill dealings in a share every time by doing this.

Looks like MMs are in trouble again, widened the spread.