||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Centralnic Share Discussion Threads
Showing 851 to 875 of 875 messages
|Another day of selling and a steady share price, someone still happy to snap them up at 46/47p.|
|Good luck saucepan and GHF, hope that bid materialises!!
Looks like Kestral still confident adding over 1 million.
I must say I'm shocked at the Peel Hunt cut in target price though I can see justification for it ATM.
Hopefully Ben and team can kick on in 2017.|
|Just read the last trading update, red flags all over it.Glad you got out saucepan, much better fish out there|
|Thanks for the info, GHF. It would explain the lack of buying interest/follow-up momentum I expected to see yesterday afternoon and this morning - and which was the basis of my trade.
I have jumped back out again with little damage done.|
|Made me chuckle saucepan...you're entering the stock while I've been selling down ;-)
Good news is that there appears to be a transatlantic buyer supporting the current price and taking a decent slug of stock. Wouldn't surprise me if there was to be a bid emanating from the US in due course.
Disappointingly (for me) is that CNIC don't appear to be making much traction in the Enterprise Division. Without this they will either have to re-base profitability expectations or continue to rely on the sale of premium domain names to support profit expectations.
While is was pleasing to learn of significant $4.5m premium domain name sale (and inherent value in their library of domain names) I understand why Peel Hunt have slashed the target price to 48p and moved to a Hold.
Horndean Eagle has kindly posted the initial commentary from Peel & they qualified this later in the day with undernoted comment,
"We revise down our estimates for 2016E and 2017E EPS by 9% and 16%, respectively. This is a result of lowering our revenue, gross margin and operating margin estimates.
We also note that without the sale of the premium domain name, the company would be loss-making on reported operating profit, PBT and EPS, and that our estimate for 2016E adjusted EPS would be 1.39p (60% below current forecast)".
I thought we'd have seen more progress by now and have been selling sold down accordingly....and on that basis, expect an offer for the company to materialise shortly ;-)
|Still not tempted, good luck to you all|
|Back in here for a few, after a long time of watching on the sidelines. It looks like price might be starting to wake up again; clearly today's update has helped.|
|bb2 - Thanks for the heads up on the Stocktube interview with CEO Ben Crawford...
|I must admit when I read this first thing I thought it was a good positive update, and expected it to prompt much more buying than it has. Many Companies forecast hoped for contracts into their projections. You live and learn|
|Never really liked the company or management. Very spivvy. Peel Hunt downgrade was pretty harsh.
CentralNic has announced that it has entered into its largest ever premium domain name sale agreement, under which it will receive consideration of c£2.8m. The company confirms that, as a result of this sale, it expects to finish the year with earnings in line with market expectations – therefore without this sale, the company would have seen adjusted EBITDA of £2.7m (vs our £5.5m estimate – ie c50% below). We downgrade the stock to Hold and lower our target price to 48p as we believe that the growth in the underlying business is insufficient to deserve a premium rating and that the strategy of selling off its premium domain names to hit forecasts is not sustainable long term. Our target price is based on 12x 2017E adjusted EPS, which we believe factors in the uncertainty around timing of pick up in the underlying growth of the business.|
|Peel Hunt have cut their target price to 48p (from 70p):
|Check out this mornings Proactive interview, last line from Ben "pleased but not satisfied, lots more to come"|
|We already knew that Glaws, it's been mentioned in several interviews.|
|I'm not sure I'm as happy as you battlebus; the statement "The CentralNic Board confirmed that, as a result of this sale, the Company expects to finish the year with earnings in line with market expectation....." suggests that without the windfall they were going to miss.|
|As promised we have achieved a sale of ONE of our premium domains for $4.5 million. Also very happy with the trading update.
|Still watching the flat lining, without a position, and letting the chart be my guide. I will review if the share price breaks 50p again.|
|Where's the profit?
There is zero visibility, and therefore, despite liking the story, CNIC is uninvestable for me.
|Chinese Government approves .XYZ - HTTP://www.investegate.co.uk/centralnic-group-plc--cnic-/rns/chinese-government-approves--xyz/201612070700061669R/
Zeus Capital (house broker) comment on the news - HTTP://www.directorstalkinterviews.com/centralnic-group-plc-chinese-government-approves-xyz-zeus-comment/412718068
.XYZ domain one of first to receive accreditation for local hosting in China
CentralNic today announces that the .XYZ TLD, for which they act as exclusive distributor, has received official accreditation from the Ministry of Industry and Information Technology (MIIT) in China. What this means is that businesses and individuals in China can now use .XYZ domain names to host their websites locally. CentralNic worked closely with .XYZ to put in place a customised technology platform that has been approved by both ICANN (the global internet regulator) and MIIT, succeeding in securing .XYZ a ranking among the first batch of non-Chinese new gTLDs approved for Chinese citizens. MIIT accredited .XYZ web addresses will be available via Chinese domain registrars from 16th December 2016. The MIIT accreditation was a planned development for the group and is positive news in the context of one of the strategic objectives to increase recurring earnings. We are leaving our forecasts unchanged however we note that the approval opens up significant new opportunities for CentralNic to drive further domain growth within the large Chinese market. The Group continues to evolve at a pace and updated forecasts beyond FY17 will form part of the year-end updates expected in the Spring.
> .XYZ remains the leading new gTLD with c.25% market share. .XYZ continues to rank number one in terms of domain sales with c.6.7m. Whilst the benefit has not translated into material earnings yet, due to heavy discounts, there are now significant volumes of domain names that will be up for renewal within the next 12 months. Although the scale of renewals is unknown (we conservatively assume c.10% renewal rates), of the 6.7m .XYZ domains, for every 1% that renew, CentralNic receives over £0.1m in EBITDA based on current renewal prices. CentralNic also remains firmly established as the number one Wholesaler of new TLDs globally with c.32% market share or 8.8m domain names.
> Valuation. CentralNic is trading on an EV/EBITDA of 6.3x to Dec 16 falling to just 3.9x to Dec 17, and P/E of 13.3x to Dec 16 falling to 9.8x. This compares very favorably with the peer group, which includes Verisign and GoDaddy, which is trading on an average FY1 EV/EBITDA of 13.2x and P/E of 28.5x. Given the growth prospects of the business, coupled with the strong operating cash flow characteristics, the impressive track record being built by management via successful acquisitions and the diversification of the business we feel the shares offer investors a value opportunity given the industry backdrop. CentralNic’s listed peers are typically capitalised in the billions of dollars.|
|Doesn't sound like Crawford is convinced!
|I retain my fascination with CNIC, with a view to jumping back in again if things start to perk up; but what an opportunity cost there has been hanging around here otherwise. The market just does not seem convinced and perhaps that is all that matters currently.|
|Not exactly dynamic is he?
|CentralNic: Focus on growing the recurring revenues - HTTP://tiptv.co.uk/2016/11/1819/
Interview with CEO Ben Crawford in which he explains the company’s business models and finances and states that the focus is on growing the recurring revenues and the highly visible revenues.
China is the biggest market for CentraNic along with other EM nations like India, Turkey, says Crawford.
Not sure I warm to Mr Crawford as a person but so long as he succeeds in driving up the share price over time, I don't suppose I should complain.|
|I don't think it was going down on results day until we had a few sellers. Lots of mileage in this one imv.|
|Wasn't expecting this to pick up so soon|
|Very interesting speedsgh, thanks for posting :-)|