It looks like someone started to accumulate shares about three weeks ago. Volume has been consistently higher than for months. Since the Board's "cautiously optimistic" report in July I haven't seen any developments to explain this.
There's a long way to go for me to get back to square one but at least its going in the right direction now.
53 million shares traded yesterday out of 160 million issued. Something big is happening. Should be an RNS soon details of changes in holdings. I've held on to this one for a long time and hope that its now heading the right way.
I've been looking at this for a while due to the NAV. However the half year results this morning have vindicated my decision to never try and catch a falling knife. With a cash burn of £6 mill a year the NAV is meaningless....UNLESS there's a serious turn around in the business.
Me too i didnt expect a company with so many assets crumble like this,( we live and learn.)
Surely the company got to be worth more than 14.5p, its got 9p cash so your paying 5.5p for the rest of the business.
I have to admit to being quite surprised by this all.
The loss of key customers in an environment like today's is something that could be put down to bad luck. In a decent environment (and my understanding was that the backdrop to datacentres such as this was relatively sound) you would expect replacement clients to be found in due course
However, coming off of the back of the recent deferral the picture starts to look a little suspect and I wonder whether the pending strategic review is a means of heading off a potential cash flow/development capital shortage in the next 12 months (despite the healthy current cash balance)
However trading at 0.5x tangiable book value right now (and 0.8x if you are conservative strip out account recievables) the only options can be to wait and see as any strategic option surely has to be upside to where we are currently
Some good comments, clearly bought in too early. Sitting on a 2k paper loss on them at the moment. With Brainjuicer getting mutilated today not doing brilliantly this month. Still 11% up overall on ytd but those two together certainly haven't done me any favours. One reason I bought CSFG was legal and general alpha trust holdings have a stake and they seemed to have picked quite a few winners.
Thanks / well found. Its that current year EPS dragging the sp down then . EPS of just 1.4 and next year (from April) only back to 5.2 both years short of the historic EPS of 6.2p .
This stock is on a prospective PE of 8.5 and won't really become a buy til the new financial year in April then when it's current EPS forecast will be 5.2p and the market will start to price I'm company developments I'm sure. Growing cash looks good though especially given its market value!
There doesn't appear to be any buyers at 30p. There was a big 500,000 share sale went thru yesterday before the close. Assume an II selling out perhaps?
Il keep watching ftb but over 2 years this could really come good.
Forward EPS of 5p though leads me to value this at 25p given its track record thus far
Can anyone find any EPS targets for current and later years on this one? Digital look has taken them off!
Unloved this at the moment, some news due soon I think. Market cap is now £50m . Chart not unlike other foreign aim companies though it doesn't seem to have appreciate at all in 2 years whereas many others have rallied in last quarter at least
Just because a share is unloved doesn't mean it's not a good investment. I agree it's hard to see the bottom with one and I rewad it wrong at 39p. Do like this share. But agree I'll wait before buying more. It could go lower. Hold for two years? really. What kind of profit do you aim for? I'm happy with 10% and ecstatic with 20%. #NortonFolgate
They bought Quindell with the funds from memory and so did I although they paid 7p and I paid 5p very satisfying indeed so far and no doubt SCSW will ramp the hell out of them tonight too and Q3 TS is Monday. Happy days
As for this there's no obvious bottom, I'm sure forecasts should be revised down after the last RNS but I'm yet to see anything though digital look has removed them I note which is always a sign of a revision expected...
New lows here . Eps currently forecast at 6.2p but I expect 5p So 30p could be a good bottom perhaps. I'd certainly pile in at 30p with the intention of holding 2 years and hoping for a list overseas. Problem with stocks you got to hold 2 years is sometimes the action only lasts a couple of months so it's better to time the buy in - I've found that with OPG Power and Eros in the past
I thought this odd too as the story hadnt changed and they have always been consistant in their approach - their explanation for selling was weak to (need to free up cash for other investments they said - but they had lots of cash in their growth portfolio and continue to do so.)
SCSW sold these at 52p earlier this year after paying 70p for them 2 years ago btw which is very strange for them indeed.they normally pick small growth stocks well and hold for years unless the story changes..
Then I only ever buy these days on results and annoucements. So I bought ALY for example after their recent good annoucement. Missed out of the 8% immediate rise but still a month later got a 4% half year dividend plus I'm about 16% up on my investment. Same with DOTD, bought them last week after their results which actually sent the stock price down. Currently around 10% in profit. I try and be cautious. I lost 50% of my money last year as I was new to all this. This year being a lot more cautious I'm about 14% up since January and currently 50% in cash waiting for the US to fall off their financial cliff after the presidentials.
I always look at the cash position now using ( http://markets.ft.com/research/Markets/Tearsheets/Financials?s=CSFG:LSE ) which is free.
Plus I always read company accounts and try and find out who the big customers are.
Plus I try to only invest in areas I understand now and I've been a software developer for just over 34 years so far. I have a bit of money in big names like GSK, BBY, PZC, RDSB, BSY, ULVR and SN but never more than 6% in any one company (though DOTD is the exception at the moment).
CSFG cost me about 39.2 it's got a massive spread because of the low volumes (35 vs 37.6 today) but if it sinks to a buy of say 35.5 I'll probably double up. I'll aim to do this before the half year trading update at end of November. There was an interim dividend of 1.9p on 4th May, but I'm not expecting a half year one. I think they try and keep a third of their net profit as dividend.
I like investing in British companies but really it makes sense to invest some in Asian markets, I mean no way would I invest in this business if it was based in Europe. Certainly not at the moment. But you've only got to look at SMSN (Samsung) growth to see the potential in Asia.
I agree it's a long term hold. It's dropped around 23% this month on disappointment at no bread today. Though in return we get cake tomorrow. Just have to wait.
Only thing you have to watch with shares like this is because the volume is so low the spread is large plus because of low volume they can be hard to sell in a hurry.
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