Csf Group Share Discussion Threads

[colin12345678] 25/7/2016 14:34

Ironic
Posts: 5,540
Off Topic
Opinion: No Opinion
Price: 1.30
Ram and pounds in bracketsToday 13:20Think some may have been confused as USUALY anything in brackets is minus . Here it is translated from RM to pounds in brackets . So 7 million pounds in bank and up to 5 million pounds to collect back . And a improvement of about 1500% on last year . That's how I read it . I hope for another rally .

[maytrees] 25/7/2016 13:25

Surprising not only the fall in the CSFG share price but also the fact that there are rather more buys than sells so far at least.

I added a few at 1.397p earlier -dyor

[philjeans] 23/7/2016 08:36

There is still huge hidden value here, even after Fridays big rise.




CSF Group plc is a leading provider of data centre facilities and services in South East Asia and the largest provider of data centre services in Malaysia. CSF operates more than 530,000ft2 of data centre space and South East Asia’s largest data centre, CSF Computer Exchange 5 (CX5) that was launched in January 2012.



With 20 years of experience in design, development, and maintenance of more than 200 data centres, CSF has the experience and expertise to support your operational processes, workflow, safety, security and monitoring requirement. All our CSF Computer Exchanges provides maximum availability and uptime to support mission critical operations.


Here is a picture of the CX5 from their website;



Very impressive!

[letmepass] 22/7/2016 14:02

These should be 6p easily

[philjeans] 22/7/2016 12:29

Cash is King!

1) Cash generative, throwing off £2.5M last year

2) Net cash held £8M

3) NCA £14M

4) M/C £2M


!!

[gspanner] 22/7/2016 10:46

Might try to sneak a few 100k when the excitement dies down and it gets boring again.

[philjeans] 22/7/2016 10:23

Looks a sure fire bet to me - the business has been transformed actually but it is cloaked by this very cautious report.

Obviously safer to await another years figures - when the shares will be 10p of course!

[gspanner] 22/7/2016 10:16

Exacly Phil.
For a little while I was considering freeing up approx 6k to see if I could sneak buy 1% or so of this as a binary bet punt.

[philjeans] 22/7/2016 09:51

findley

Check out the small-print - not cash losses - just non cash items to massage the figures. Hence my reference to "kitchen-sink" etc and a much better trading position.

See here;

Overview of the Year

The Group incurred a loss for the financial year ended 31 March 2016 as both the CX2 and CX5 data centres have not yet attained the optimum level of occupancy. However, the Group achieved a significant improvement in reducing the gross loss from RM28.6m (GBP5.1m*) in FY2015 to RM1.5m (GBP0.3m*) in the current financial year. Notwithstanding the significant reduction in the gross loss, the Group reported a higher net loss of RM36.3m (GBP6.5m*) for the current year as compared to a net loss of RM31.2m (GBP5.6m*) in FY2015, which was mainly attributable to a general provision for doubtful debts to cover the inherent risks associated with trade receivables that are expected to be collected over a longer period of time, mitigated by a net decrease in the provision for onerous leases due to revisions in the outlook of the data centre rental business over the longer term

[apfindley] 22/7/2016 09:34

Don't forget the losses too that you fail to mention..Financial highlights:-- Group revenue of RM84.0m (GBP15.0m*) (FY2015: RM81.8m (GBP14.6m*)) -- Loss before tax of RM33.0m (GBP5.9m*) compared to the loss before tax of RM31.8m (GBP5.7m*) in FY2015 -- EPS loss of 22.70 sen (loss 4.04p*) per share (FY2015: loss 19.47 sen (loss 3.47p*) per share) -- Closing cash position as at 31 March 2016 of RM43.6m (GBP7.8m*) (FY2015: RM29.2m (GBP5.2m*))

[philjeans] 22/7/2016 09:30

So;

1) business virtually broke even before "kitchen-sink" write-offs "in case" long outstanding debtors don't pay. They usually do!

2) cash held £7.8M, PLUS £5M working cap - all due in next 12 months.

3) M/C £2m !!

4) All lease disputes now settled - just paperwork remaining.

5) Tight control of overheads continuing to retain cash

6) Outlook excellent from higher rentals and working hard to fill remaining data centres.

QED - priced to go BUST - business totally recovered and an easy multi-bagger in the making..

BUY for me today - DYOR.

[letmepass] 22/7/2016 09:13

Any small trades and this will move

[gspanner] 22/7/2016 08:39

So now all about that crazy valuation v whether the market picks this up as a recovery play.

[gspanner] 22/7/2016 08:38

So now we know the continued losses in the trading update are due to being rather more candid/realistic about debt/trade receivables until they are actually banked.

Actually hides continued turn around.

[letmepass] 22/7/2016 08:30

Fantastic RNS.. This is way under valued

[andyview] 17/6/2016 10:54

Added a few more today, seems overdone IMHO

[maytrees] 27/5/2016 11:56

Small sell and down again - lol.

[maytrees] 27/5/2016 10:55

A tiny buy today gave same result namely only limit buy permitted and then instant share price gain this time both bid and offer up.

Odd?

[maytrees] 27/5/2016 09:55

Good morning

Does anyone know why it is so difficult to by this stock? Eventually a limit offer is successful but even then one has to pay the full offer after which the offer share price goes up - at least that was my experience yesterday.

[andyview] 25/5/2016 12:15

A nibble...

[diku] 25/5/2016 12:01

No interest today though!...

[maytrees] 10/5/2016 14:17

250,000 UT trade just now - a buy at 1.50p - signifies some interest in CSFG at this low share price

[gspanner] 29/4/2016 18:44

Fortune favours the brave! Can't find much to inspire me to commit any further funds myself, still I am deeply underwater!

[maytrees] 29/4/2016 11:30

Bought a few as a speculative buy earlier when the share price was down 33%.
mms now reduced the share price fall to 16%+ makes me wonder if they have any more clue than the rest of us as to the co's true worth. My buy was small.

[philjeans] 17/12/2015 14:08

Could be - somebody buying again.

Very undervalued with all the good news now in place.

A very good BUY for the New Year.