Centralnic Share Discussion Threads

[battlebus2] 25/5/2017 19:42

Hope your right this time as you've been saying that for yonks

[henryatkin] 24/5/2017 15:31

Still a very low valuation for a fintech imo.

[battlebus2] 24/5/2017 14:53

Hats good to hear PJ.

[pj 1] 24/5/2017 13:17

12 month break out

for info Stockopedia now has an 81 stockrank, unchartered water for CNIC

[pj 1] 24/5/2017 13:16

I've had to pay up but I've taken some on this rise.

[battlebus2] 24/5/2017 12:54

Must be an acquisition.

[joemillion] 24/5/2017 12:21

Big move up today (for us anyway). Any ideas why?

[battlebus2] 24/3/2017 10:12

So far nothing

[cheshire man] 24/3/2017 08:01

May bring some interest here today

[battlebus2] 24/3/2017 07:13

CNIC in talks that are on going to buy SK-NIC which owns .sk SLovakia 🇸🇰

[croney mingler] 07/3/2017 08:24

Don't be holding this when it warns

[battlebus2] 07/3/2017 07:23

Confident update....

[battlebus2] 13/2/2017 07:25

New appointment to drive sales....

[battlebus2] 04/1/2017 18:07

Another day of selling and a steady share price, someone still happy to snap them up at 46/47p.

[battlebus2] 15/12/2016 18:57

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.

[modform] 15/12/2016 12:37

Just read the last trading update, red flags all over it.Glad you got out saucepan, much better fish out there

[saucepan] 15/12/2016 08:40

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.

[glasshalfull] 14/12/2016 18:09

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 ;-)

Kind regards,
GHF

[modform] 14/12/2016 12:29

Still not tempted, good luck to you all

[saucepan] 14/12/2016 11:43

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.

[speedsgh] 14/12/2016 10:06

bb2 - Thanks for the heads up on the Stocktube interview with CEO Ben Crawford...

[pj 1] 14/12/2016 09:56

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

[horndean eagle] 14/12/2016 09:43

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.