Centralnic Share Discussion Threads

[yf23_1] 15/7/2023 12:28

It think it would be last years like-for-like increase.

[cyberbub] 15/7/2023 11:11

What's the number in brackets in the domain reg 'top 10 chart', is that the previous month's figure or the same month last year? Or something else?

[diesel] 14/7/2023 15:29

I guess not if you look at the totals under management but growing well compared to some of the others.

[cyberbub] 14/7/2023 14:31

Looks encouraging! Are those figures 'net' ie taking into account people who have relinquished their domain names?

[rivaldo] 14/7/2023 07:18

Domainnamewire have just published their most recent figures for new registrations (for March). Good to see CNIC continuing to gain over 100,000 per month - and interesting to see them with 3.64m and 9th in the world in total, not far behind the likes of Alibaba!

[cyberbub] 13/7/2023 08:41

I bought in on Tuesday. I'm struggling to see why this is under 200p personally. If someone is selling a few mill then I don't mind waiting.GLA

[sumday] 12/7/2023 18:31

IF you’re an investor. And this is the only reason that the share price isn’t surging then it’s an excellent time to buy. Its 52 week high is about 30% higher. So say it takes a year to clear. Not a bad annual return 😀. As usual do your own research etc.

[adamb1978] 12/7/2023 18:26

It wont be someone selling 30m shares. All these bulletin board rumours about a determined seller end up being nonsense 90% of the time. Generally its just market trading

[cyberbub] 12/7/2023 17:14

1watty did you mean to say 30 million?I must say if a large holder wants to sell out, you would think it would be in everyone's interest (including their own) to arrange a simple off-market transfer to an insti or other large holder rather than dripping them into the market?

[1watty] 12/7/2023 17:01

Agree AdamB. Perhaps the seller might be intending to sell his complete holding so another 30M+ still to go in which case quite sometime before we see the end!

[adamb1978] 12/7/2023 16:48

Since the share buyback was super-sized, I'm not remotely bothered if people want to sell!

[cyberbub] 12/7/2023 16:45

Someone's still dumping good sized blocks. They can only sell once though :-)

[robsy2] 12/7/2023 11:33

That is exactly it Adam.

[adamb1978] 12/7/2023 09:25

I dont think the buyback and his sale are linked at all. A company wouldnt announce a buyback purely because of 1 person's actions.

The buyback in my view is because they'll be throwing off >$10m cash per quarter and have set themselves the hurdle of only acquiring companies if the return is better than buying back their own shares. Therefore when their own shares are trading at such cheap levels, that hurdle prevents M&A.

[diesel] 12/7/2023 09:22

Maybe it was the fear of a complete sellout by Inter that prompted the last buyback.
Any more weakness in the share price would have made them vulnerable to a cheap takeout.
It’s curious that the scale of the buyback is more or less equal to the size of Inters stake.

[cyberbub] 12/7/2023 08:53

Thanks sorry I was on the move and hadn't read the RNS. I wonder how many more he's selling if any. I guess we'll find out when the brakes are finally taken off here ..

[rik shaw] 12/7/2023 08:49

'As a result, Horst Siffrin's beneficial interest in CentralNic Shares, which is entirely held via inter.services GmbH, is 32,000,000'

[cyberbub] 12/7/2023 08:28

Do we know how many he still holds?

[se81] 12/7/2023 07:22

Well we know where the supply continues to come from...

Suppose gives us an idea of where share buyback (& insti investors?) are willing to step in

I'm hoping the company is in contact with Mr Siffrin and the material expansion of share buy back was done with an indication he was going to stop/pause his selling

Maybe I'm expecting too much

[rik shaw] 12/7/2023 07:18

Yes-it's generous of them to sell shares on the cheap. (There was a similar sale of 1.2m shares announced on 24 May.)

[spectoacc] 12/7/2023 07:05

Curious:

"CentralNic Group plc (LSE:CNIC, "Company" or "CNIC") announces that it has been notified that inter.services GmbH, a company associated with Horst Siffrin, Non-Executive Director of the Company, sold an aggregate of 2,400,000 ordinary shares of £0.001 each ("Shares") in the Company at an average price of £1.148 per share to fund an investment project."

[adamb1978] 11/7/2023 19:15

I bought a few more this morning. I dont buy below the 100 DMA so was now able to take my position up

[cyberbub] 11/7/2023 13:09

The share price is only back to the price of the last placing 18 months ago...

[doobz] 11/7/2023 06:52

The company is definitely undervalued given its growth and future potential. I think the market just doesn't really understand the business. Although a bid would be nice, we really should be hoping for continued upward strength first, as once through the highs this could easily multi. I think a bid would stop us short at around the 200s. Cnic have expressed themselves that their biggest risk is being acquired before they can reach full potential and become a major player on their own.