Centralnic Share Price (CNIC)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Centralnic Group Plc	LSE:CNIC	London	Ordinary Share	GB00BCCW4X83	ORD 0.1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	55.50	11,000	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
54.00		57.00	55.50	55.50	55.50

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Software & Computer Services	42.67	-3.80	-3.82		101

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
09:34:28	O	11,000	56.40	GBX

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Centralnic (CNIC) Latest News

Centralnic News

Date	Time	Source	Headline
18/11/2019	07:34	ALNCF	Alliance News Flash Headline
18/11/2019	07:00	UKREG	CentralNic Group PLC Update on the acquisition of Team Internet AG
15/11/2019	18:24	ALNC	CentralNic Acquires Team Internet For USD48 Million From Matomy Media
15/11/2019	17:49	UKREG	CentralNic Group PLC Acquisition of Team Internet AG and Trading Update
14/11/2019	17:57	ALNC	CentralNic Confirms Advanced Discussions For Team Internet Acquisition
14/11/2019	17:08	UKREG	CentralNic Group PLC Response to Speculation
30/9/2019	06:02	UKREG	CentralNic Group PLC Bond Admitted to Trading on Oslo Stock Exchange
02/9/2019	09:46	ALNC	CentralNic Interim Results Surge On Transformative KeyDrive Takeover
02/9/2019	06:00	UKREG	CentralNic Group PLC Interim Results to 30 June 2019
07/8/2019	10:32	ALNC	CentralNic Buys Major Hexonet Customer Ideegeo For USD3.4 Million

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Centralnic (CNIC) Discussions and Chat

Centralnic Forums and Chat

Date	Time	Title	Posts
21/11/2019	11:22	CentralNic TLD's it's all in the Domain	937
14/7/2016	06:50	CentralNic (CNIC) See further investment from Herald Investment Management Li	1
14/7/2016	06:49	CentralNic (CNIC) See further investment from Herald Investment Management Li	-
10/12/2014	10:02	CentralNIC PLC	31

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Centralnic (CNIC) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
09:34:28	56.40	11,000	6,204.00	O
2019-11-20 15:11:19	56.50	17,860	10,090.90	O
2019-11-20 14:18:26	55.00	10,000	5,500.00	O
2019-11-20 14:07:39	56.50	12,389	6,999.79	O
2019-11-20 13:59:11	56.50	8,828	4,987.82	O

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Centralnic (CNIC) Top Chat Posts

Date	Subject
21/11/2019 08:20	Centralnic Daily Update: Centralnic Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker CNIC. The last closing price for Centralnic was 55.50p. Centralnic Group Plc has a 4 week average price of 41.50p and a 12 week average price of 38.50p. The 1 year high share price is 67.50p while the 1 year low share price is currently 38.50p. There are currently 181,793,478 shares in issue and the average daily traded volume is 175,394 shares. The market capitalisation of Centralnic Group Plc is £100,895,380.29. Read Full Thread Reply
15/11/2019 19:53	weatherman: https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Acquisition-of-Team-Internet/81158116 Read Full Thread Follow Reply
17/7/2018 10:22	fillipe: I rather feel CNIC is a bit off the general radars, although with their recent new deal, the current low share price and the undoubted obvious enthusiasm for the deal by both parties I expect see a decent uptick. An ideal buy entry point, I reckon. f Read Full Thread Follow Reply
23/7/2017 17:27	jamesto2: TIPPED STRONG BUY 💰💰🆙CentralNic is a big player in a vital part of the internet. The firm owns and sells top-level domain name suffixes, the letters that immediately follow the dot on website addresses. Its share price is 51½p and this should rise considerably as the business expands. The first top-level domain (TLD) was .mil for the US military. Then American universities were given .edu and the US department of commerce .com. That was back in 1984. Country codes were also established, such as .fr for France. Few people back then had any idea how integral the internet would become to everyday lives, so a number of countries sold their codes to the first available buyer. Centralnic is a big player in a vital part of the internet. The firm owns and sells top-level domain name suffixes, the letters that immediately follow the dot on website addresses +2 Centralnic is a big player in a vital part of the internet. The firm owns and sells top-level domain name suffixes, the letters that immediately follow the dot on website addresses By the mid-1990s, a brisk trade had developed in these codes, and the founders of CentralNic – UK property developers by profession – spotted an opportunity. Over the years, they built a registry of top-level domains, such as .fm – originally for the Federated States of Micronesia, a country of 600 islands in the Western Pacific, but popular with radio stations – and .la – originally for Laos, but popular with firms in Los Angeles. The business ticked along nicely, but in 2012, the domain name industry began a process of radical change, when the powers that be – under the auspices of a global body called The Internet Corporation for Assigned Names and Numbers – allowed people and organisations to create their own top-level domains. The process is long and arduous to deter rogue or foolish requests. Applicants must pay $185,000 (£140,000) just to apply for a new, top-level domain, and must pass rigorous checks to ensure they are bona fide. Today there are about 1,200 new, top-level domains and CentralNic is the world’s leading distributor, with six of the top 20, such as .online, .website and .xyz. The company was listed on AIM, London’s junior stock exchange, in 2013 when the domain name revolution was just starting. The shares were priced at 57p and CentralNic was purely a distributor. In other words, it sold the right to use these suffixes to website registrars such as the American firm Go Daddy or the German firm 1&1, which then sold them to individuals and firms. Today, there are 100 million websites worldwide, most run by North Americans or Western Europeans. But firms in emerging markets are rapidly moving online Recently, however, CentralNic has expanded into the end-user market, becoming both a wholesaler and retailer. At the end of 2015, the firm paid £18 million for Instra Group, an Australian-based domain name registrar aimed at emerging markets. The acquisition was astute. The rules surrounding domain names may sound complex and arcane, but no one can set up a website without licensing a top-level domain from a registrar. Today, there are 100 million websites worldwide, most run by North Americans or Western Europeans. But firms in emerging markets are rapidly moving online. As they do, they need a reliable registrar. Having acquired Instra, CentralNic is well positioned to benefit from this as thousands of businesses in regions such as Asia and the Middle East launch websites. The acquisition is already reaping returns. In 2016, CentralNic’s turnover rose 113 per cent to £22 million, while underlying profits were up 68 per cent to £5.5 million. Further rapid growth is expected over the next few years, both organic and from future acquisitions. Annual costs for licensing a website address are modest, but firms tend to stick with the same provider and pay in advance, so revenues are solid and predictable. Most providers offer related services too, helping customers build and manage websites, for a fee. There are hundreds of small firms operating in the top-level domain industry – some owning the names, some distributing them, some selling them to end-customers. But the sector is expected to consolidate over the next few years, creating a handful of dominant players. CentralNic, run by ambitious Australian Ben Crawford, is keen to participate in the consolidation process. If all goes well, that should mean expanding to a certain size before being taken over by a giant in the industry. Midas verdict: CentralNic did not have the easiest debut on AIM. The shares doubled in the first few months, only to collapse to 25p as enthusiastic buyers came and went. Today, however, at 51½p the stock is a bargain. Crawford’s strategy is entirely logical and the shares should go far. Buy. Read Full Thread Follow Reply
04/1/2017 18:07	battlebus2: Another day of selling and a steady share price, someone still happy to snap them up at 46/47p. Read Full Thread Follow Reply
07/12/2016 16:40	saucepan: 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. Read Full Thread Follow Reply
13/9/2016 19:14	saucepan: Thanks for the compliment, battlebus2, and I of course respect you equally. I agree, Kestrel accumulating looks a positive sign. I was not aware of that when I made my latest comment. One has to assume they are very well informed. I note that Private Punter also wrote a very good piece with some useful insights. Like Andrew Day at KWS, Ben Crawford also comes across very well in interviews and it was one of the reasons I was enthusiastic about CNIC earlier. However, I do wonder whether it is significant that Ben Crawford does not hold a disclosable position. Andrew Day, for example, currently holds 7% of KWS. Part of my current problem, as I am in considerable part a technical investor, is the chart. Related to this, there were a fair few shares issued at the heavily discounted placing. Presumably those who picked up those shares thought they were onto a good thing and some would be looking to make a quick profit. They never got that opportunity. It makes me think there will be overhead supply coming into the market when the price starts to recover. At the very least, won't those buyers be wanting to get out even? That concern might be a red herring - just my own thinking. 40p is an obvious round number to try to build support. I think the odds must be good of that happening now. I am not averse to getting back in here and have no wish to talk the share price down. Sorry if my observations have come across that way. My intention was simply to try to flag what has currently stopped me reinvesting and also with a view to probing what others think. If price gets back above 50p that might be a good time to get on board again as it would possibly signal that an uptrend has resumed. Good luck. There is something about the CNIC story that is compelling, which is why I became interested in the first place. Read Full Thread Follow Reply
17/8/2016 13:03	adamb1978: The risk to the share price is simply boredom and lack of liquidity causes people to exit. Hopefully the results in a month or so will show continued growth and add credability to the forecasts for the year - assuming so, the share price is cheap at current levels Read Full Thread Follow Reply
25/5/2016 18:32	adamb1978: Very odd that they didn't include the adjusted EPS figure in the summary table - maybe they're deliberately trying to hold back the share price? Either way, this looks very cheap. My own forecasts have this producing 4.5p EPS for 2016 so the current share price is very cheap. Looking forwards 12-18 months, if they end up being on course for something towards 6p for 2017 we could be looking at a share price north of £1 by then Read Full Thread Follow Reply
10/2/2016 09:56	kinbasket: Where is the incentive there to drive the share price forward to reflect my best interests? I fail to see it. Well they need the share price to be well north of 40p to make any kind of profit. If the share price is 140p by Sep 2018 it represents a bonus of £2.2m across 6 employees. If it's only 90p it's only £1.1m. I agree it's a little bit cheeky but if the share price is 140p by then I won't exactly be complaining. I won't be complaining if it's 90p. In the context of the rest of Management/Director remuneration it doesn't strike me as excessive. It's too much for sure but that's the world we live in. It could be worse, they could be doing the resources thing and handing out zero priced options like confetti. Read Full Thread Follow Reply
11/8/2015 21:18	glasshalfull: 9th August 2015 GHF Investment synopsis Share price decimated... CentralNic (CNIC) who are profitable and cash generative, listed on AIM in September 2013 following a placing at 55p which valued the company at £32.5m. The market were hooked on the story initially, the share price doubling to 112p by October 2013. However, the share price then went into freefall, with the chart resembling a ski slope since, bottoming at 22p in April 2015. While the company hadn't put a foot wrong, speculators were simply expecting CNIC to be a big player in the new gold-rush & bid the stock up accordingly. As they bounced along the bottom in April 2015, I decided to take a maiden stake and cross my fingers tightly for a positive outcome on release of 2014 results, which I believed would prove that the poor market sentiment was unwarranted. That turned out to be the case & the share price has since stabilised & risen marginally from these lows despite a couple of further upbeat announcements in recent months. CNIC are currently 35.5p (35p bid-36p offer…with an UT trade going through after Friday’s close, so you may think they’ve jumped to 39p if perusing any share price sites). The current share price is a far cry from the 112p high achieved 2-years ago, despite the company expanding their offering through acquisition and delivering to plan. Considerable work has gone into developing the infrastructure & business model, and I’ll discuss the financials after explaining a little bit about the company and market opportunity from my perspective. What do they do, I hear you cry? Essentially they are one of the world’s leading registry service providers (RSP) for internet domain names. As they mention in their website blurb; Https://www.centralnic.com/ “CentralNic uses our in-house developed IT platform to distribute our own portfolio of 24 domain names including .uk.com, .us.com and .cn.com(China) to a global network of "1,500 registrars" (retailers such as Network Solutions, LLC), which sell these to end users. We also use this platform to sell domain names owned by third parties including .la for Los Angeles, .pw and .com.de (Germany). Further, CentralNic provides consultancy services to companies seeking to create their own domains. Our powerful registry engine has an eighteen year track record of uninterrupted and unblemished service, and it is supported by innovative marketing and personal customer service. Additionally, our flexible and scalable platform is above ICANN specification for new TLDs.” …now in English please As background there are over 300m internet domain names in existence today with volumes having grown by 1.5-2% annually (essentially the .coms we all are familiar with). This equates to an increase of 4-5m domain names per quarter worldwide. Until 2014, only 22 generic Top Level Domains (gTLDs) existed, and to date the market is dominated by a handful of TLDs, most notably .com (120m domains); .net (15m domains) and .org (10m). Assignation of new gTLDs began in October 2013, opening up the possibility of thousands of gTLDs materialising over time and enabling the market entry of hundreds of new gTLD owners (registries). These changes combined with a relaxation of restrictions on the cross-ownership of registries and registrars, is driving growth in the gTLD market. Many of the new registries emerging as part of the substantial broadening of the gTLD market are choosing to outsource some of their required activities to Registry Service Providers (RSPs) – this is where CNIC come in - and include the provision of an IT platform to manage the domain name system for wholesalers & domain registrars, such as Go Daddy which successfully listed on the NYSE in April 2015 and is now worth a chunky $4billion! RSPs typically take a share of the wholesale value of each domain name sold. The current annual renewal value of the pre-existing domain name market is over $4bn & it is envisaged that ICANN the industry body will release some 1,400 new gTLD's into the market. c.550 have been released so far & CNIC with their global wholesale network of over 77 countries will be a leading wholesaler & exclusive registry service provider for at least 38 (more pending) new gTLDs, as well as 36 legacy domain extensions. There have been c.7m domain names registered under the new gTLDs to date. From my notes and observations approx. 2m gTLD’s have been registered between April and end of July 2015. Sounds a significant sum BUT this is well below ICANN’s forecast of 15m by mid-2015. Where do CNIC fit in? Astonishingly CNIC are currently number two in the global market by volume of new gTLD domain names sold. Yes, they are hobnobbing alongside the likes of Verisign who are valued at $8 billion market cap ( .com registrar) & Donuts.Inc which is number 1 in new gTLD’s sold by volume & also likely to be a member of the $billion club. Before I go any further I'm not suggesting that they should be valued in the $ billion arena...just that I believe they are punching above their weight & have carved out a lucrative niche. As mentioned, CNIC is now on a far more reasonable rating following its share price returning to earth with a bump, having spent the last year building & investing in its infrastructure for the gTLD market which although still in its infancy, is forecast to grow considerably during the reminder of the decade, albeit at a slower rate than first anticipated IMHO. Financials Peel Hunt consider that CNIC have a leading position in this expanding market due to the considerable expansion of new generic Top Level Domains (gTLDs) which has opened up the market for registry services and increased the pressures on enterprises to manage their domain name estates. As new gTLD domain name volumes increase, CNIC is expected to benefit from strong operational gearing, with Peel Hunt indicating that they will enjoy EBITDA margins approaching 40% by 2017. The company has a low capex & w.c. model which should result in strong cash conversion, forecast at around 90% of EBITDA, supporting high free cash flow yield projections. Operating margins are forecast to increase from 21% in 2014 to 27% in the current year. Clearly as the business builds scale the cashflow will only get stronger as customers pay in advance for the domain. They should also be beneficiaries of repeat or recurring revenues via annual renewal of domains. On 28.04.2015 FY 2014 results were released & in-line with forecasts Http://www.investegate.co.uk/centralnic-group-plc--cnic-/rns... Financial Highlights: * Revenue £6.07m (2013: £3.05m) * PBT £520k * Adjusted EBITDA £1.72m (2013: £1.02m) * Adjusted Diluted EPS 0.56p * Net Cash £3m * Net cash-flow from operating activities increased to £1.41 million * Ranked as the world's Number Two new TLD registry provider by volume - launched 8 new generic Top-Level Domains during the year, including the leader by volume, .xyz (more of this below) The Investment Case CNIC have focused on 3 profitable operating divisions:- (1) Registry services – Services the registry market through management & wholesaling of domain names via its automated proprietary platform to a global network of retailers. It also offers a range of consulting & sales and marketing services to Registry Operators for both the new gTLD & legacy domain markets. (2) Registrar services - Sells domains directly to end-users through its retail websites, augmented by the acquisition of domain name retailer, Internet.BS. that it acquired following the AIM listing. (3) Enterprise services – Supplies software & consulting services directly to enterprises & governments. This division also includes the company’s aftermarket sales of some of its portfolio of 20,000 premium generic domains. I believe that CNIC may soon capture the global gTLD registry provider number 1 position as it’s narrowing the gap on giant, Donuts.Inc, with the latter holding a market share of 21% (1.4million domains registered) & CNIC holding 19.6% (1.31m domains registered) which were the stats I noted last week (as at 31.07.2015). This week they've closed the gap further, with Donuts.Inc holding a 20.7% share (1.41m domains) versus CNIC's 19.9% (1.36m domains). Link below confirms this data & indicates the strength of the .xyz domain. Https://ntldstats.com/backend So, I'd sum it up by saying that CNIC are performing well in the gTLD market....which is growing at a pedestrian rate compared to that forecast. "When?", or more importantly, "Will?” the considerable growth materialise??? I've absolutely no idea, but the perceived view is that over the medium to long term demand for TLDs is expected to be driven by the rising number of internet users, particularly in emerging markets, and website adoption by small businesses and start-ups in both emerging and mature markets. There have been hundreds of brand-related TLD applications made and expectations are that the launch of these will increase end-user interest and awareness. I would be pleased to learn any other views. In 2014, CNIC invested $1.6m for a 12% stake in Accent Media, which holds the rights to the new . tickets gTLD. As part of the deal, CNIC became the exclusive RSP and a retail partner for . tickets . It is hoped that . tickets will provide confidence to the online ticketing market, which has ongoing issues surrounding fraudulent ticket sales. Only validated artists, venues & commercial ticket operators will be able to use the domain name and will sell via a platform that resides within their . tickets website. . tickets extension is set to be launched at the end of September 2015. Additionally, they’ve developed an Enterprise Services division to exploit the value of their portfolio of 20,000 premium generic domain names. In December 2014 they announced the sale of a number of premium domain names from their portfolio for $2.5m & in July 2015 announced they'd receive a further $1m from the sale of some premium content. The undernoted article speculates that it may be $1m payment for GB.com which indicates the potential underlying value of this leg of the business. Http://www.thedomains.com/2015/07/01/centralnic-sells-1-mill... This is more notable when watching/listening to a couple of recent broadcast links posted on the quiet ADVFN thread (thanks to battlebus) & in particular the undernoted YouTube broadcast where at 13:50mins into the conversation, CNIC's CEO indicates that they were offered $8m for US.com & turned it down simply as it was considered to have a higher value than this. Https://www.youtube.com/watch?v=WWjRLmG8-tU Valuation Reminder that most of their peers are capitalised in terms of $billion's compared to CNIC's current market cap of £23.8m (@35.5p) which increased following the recent small placing of 5.7m shares in June 2015 that raised £2.3m (excluding expenses) at 40p which was a PREMIUM of 16% to the prevailing share price. Http://www.investegate.co.uk/centralnic-group-plc/rns/placin... EV will be therefore be c. £20-£21m given CNIC’s cash generative qualities. There was discussion in The Pub around the time of the June 2015 placing with some conflicting views that are worth reading. Http://boards.fool.co.uk/cnic-centralnic-placing-13227348.as... I believe that Peel Hunt have c.3.1p EPS pencilled in this year (PER 11.4) & 5.2p EPS (+68%) next (PER 6.8). These are the forecasts noted in Stock-o-Pedia and consistent with Peel Hunt info I have. I'm unaware if they take into consideration the increased equity mentioned in the paragraph above via the small placing in June. Management Details listed here, Https://www.centralnic.com/investors/governance/overview Ben Crwaford, CEO, is the face of the company since 2009, expanding their global footprint. The under noted link finds him providing an overview of 2014 results Http://youtu.be/3ygTGw_B3W8 Major Shareholders Details as at 29.06.2015, Https://www.centralnic.com/investors/tools/major-shareholder... In attempting to unravel the shareholding structure, management through direct and indirect holdings have a combined interest in c.59% of the equity. I would like to see this % reduce materially. Interestingly on Friday, Livingbridge VC announced an increase in their holding to 7.8%. You may recall they were recently known as ISIS & required a name change. Livingbridge were thought to have pulled the plug on the Netcall / Eckoh merger which although a recommended deal was based mainly in very highly valued shares in the latter. Livingbridge would appear to have declined this share swap which I noted at the time as it's unusual to see an agreed bid fail in the absence of a counter-bidder. They clearly aren't frightened to fight their corner. Conclusion In summary I consider CNIC a good risk/reward proposition. Here is my own key rationale:- * Earnings Growth - Essentially an excellent play on earnings considerations; low PER; net cash; cash generative with increasing margins forecast & a high level of operating leverage. * Growth of new gTLD Market - Growth expectations in emerging markets & growth in smartphones will see a plethora of new websites & businesses requiring domain names. * Premium Domain Names - As above, the inherent value of their premium domain name portfolio which has already brought $millions in revenue. * Acquisition target - CNICs market position & valuation based on its considerable scale & breadth of offering. Especially with thoughts on the strategic benefit to any number of their billion $ competitors (global wholesale network, supplying domain names to over 1,500 vendors in 77 countries). In terms of peers, London listed NCC Group acquired Open Registry in January 2015. It includes a registry service provider (RSP). Cost was up to £14.9m (£7.9m initial & remainder earn-out). Open Registry generated sales of €3.7m and EBITDA of €15,000 in the year to December 2014. Http://www.investegate.co.uk/ncc-group-plc--ncc-/rns/acquisi... The price paid provides a benchmark to compare against CNIC which generated far greater revenues of £6.07m & adjusted EBITDA of £1.72m in the same period. & finally… It's worth noting that Google paid $25million for the entire . app gTLD in February 2015 & the considerable monies spent by other players in this market. Http://uk.businessinsider.com/google-just-paid-25-million-to... Also notable from the article that Amazon bought . buy for nearly $5 million and . spot for $2.2 million last year. Just goes to show some of the significant (substituted for “crazy”) valuations that may be commanded in this brave new world of generic Top Level Domains! Disclosure I hold a few CNIC & see considerable upside over the next few years should gTLD’s take off. Even if they don't, CNIC's stable registry business, cash balance and cash generative qualities suggest they are a good risk/reward investment IMHO. Please DYOR Kind regards, GHF Read Full Thread Follow Reply

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