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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% 144.00 466,044 16:35:28
Bid Price Offer Price High Price Low Price Open Price
143.50 144.50 144.50 140.00 140.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 303.58 1.15 -1.15 412
Last Trade Time Trade Type Trade Size Trade Price Currency
18:01:26 O 19,358 143.909 GBX

Centralnic (CNIC) Latest News

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Centralnic (CNIC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-02-01 17:07:58143.176,4369,214.49O
2023-02-01 17:07:10143.146,4369,212.65O
2023-02-01 16:47:59144.3625,00036,090.00O
2023-02-01 16:38:29144.005,0007,200.00O
2023-02-01 16:35:28144.0045,10864,955.52UT
View all Centralnic trades in real-time

Centralnic (CNIC) Top Chat Posts

Top Posts
Posted at 01/2/2023 08:20 by 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 144p.
Centralnic Group Plc has a 4 week average price of 140p and a 12 week average price of 112.50p.
The 1 year high share price is 160p while the 1 year low share price is currently 106.50p.
There are currently 286,160,084 shares in issue and the average daily traded volume is 889,533 shares. The market capitalisation of Centralnic Group Plc is £412,070,520.96.
Posted at 30/1/2023 22:49 by joeyjojo1826
Great results but I'm not surprised by the muted share price response today, as this has been the market response to multiple "exceeds expectations" announcements from CNIC over the last year.

I'm very positive that value will out in the longer term, but a bit of patience is probably required.

It's worth bearing in mind that one year ago, the expectations for 2022 revenue and earnings were $444m and 12c/share. It looks like the actual result will be $728m and about 20c. That's quite some outperformance.

I think we can assume that the current 2023 forecasts are excessively conservative, as even continuing the Q4 revenue and earnings run rate gives us $805m revenue and $92m EBITDA. Whilst I don't expect the explosive growth of the last few years to continue, 20-30% growth in both revenue and earnings looks very possible.

One year ago, CNIC was on a PE ratio for the year just finished of 14. Today, it is on a PE ratio for the last 12 months of about 9. Assuming the company's business model isn't in danger, it looks like really good value.

I think the move away from growth by acquisition is a positive one, as this will really let the market see the significant cashflow generation of this company, which is what is likely to lead to a re-rating. A PE of 15 x earnings of somewhere in the region of 24c/20p in 2023 could see a share price of 300p. Not an unrealistic target over the next 12-15 months.

This is one of my largest holdings and one that I'm very content to hold given the significant underlying growth and cashflow generation. I welcome any other views, positive or negative. Does anyone else have any other thoughts about why the rating is relatively low considering the continued positive newsflow?

Andrew

Posted at 30/1/2023 09:05 by ammons
Thanks AdamB. Genuine question, you sold these in 2016 and not commented again here until this month. What made you decide to jump back in? I myself have been watching from the sidelines for a while. The results seem great in recent times yet the share price languishes. Share price now is only back to where it was in Oct 21. Too many acquisitions perhaps? I am not an accountant but if debt is down and cash is up then cash generation must be very good?
Posted at 18/1/2023 13:19 by adamb1978
"they could have bought them back much cheaper if they hadn't been so hasty"

If the share price had pushed up then they'd have looked like geniuses in buying here!

No way they would have known that the share price would drop!

Posted at 16/1/2023 07:09 by rivaldo
208k shares bought back at 157.7p:

Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Transaction-in-Own-Shares/89981955

Cheers davebowler, good to see CNIC getting tipped for 2023 by someone different!

"CentralNic Group (CNIC)

This £450m company provides global domain name services, including registry, distribution and strategic consultancy, with a rapidly growing business that helps its clients monetise the traffic to their sites through online advertising. First-half growth was 63% with the chief executive confident the second half will be at the high end of an already raised forecast, while still on a modest price/earnings (P/E) ratio of 9 and price/earnings to growth (PEG) of 0.9. The company is highly cash generative with very strong recurring revenue."

Posted at 12/12/2022 11:21 by sphere25
Break out watch and just a fascinating Bull-Bear ding-dong to watch with the price remaining firmly in a range as Bulls and Bears debate as to why the price doesn't break higher out of the range.

Initial reaction to the news today - the market sees it as a net positive. This isn't the normal reaction for a CEO leaving who has delivered financial growth and shareholder value. Even if the company is trading slightly ahead, the CEO would be the bigger factor, and the market would normally mark down the price. There can be significant mark downs on a CEO who has delivered too.

Not only are they coming in here to buy to bid the price up near 5% early on, but the buying is significant with a notable 3.2m already exchanged, without delayed prints. CNIC can have substantially lower volume on news (particularly this early in the day), and as most CNIC holders and traders will have noted, the sellers in size preventing the breakout are usually congregated at that 135p mark. They sit there lobbing in size with icebergs galore to prevent any break out from the trading range.

Overall on this this initial move, losing the vision of a CEO who has delivered appears to be slightly more than offset on slowing down, keeping debt sensible, allowing cash to flow to pay down debt, and not doing anything too excitable with a buyback to boot.

Perhaps that is the right approach in this challenging macro environment. Clearly many will disagree and still sell because of the CEO, in adopting what looks like a more conservative approach, at least for the near term.

Mentioned CNIC before, in that it is a trading share. The market hasn't been confident enough to break higher out of the trading range due to the macro climate, concerns on debt and also the risk of further debt fueled acquisitions, particularly at a time which will no doubt go down as one of the most perilous and challenging in history.

The bulls will disagree on some of these for sure and highlight the cash generation, but debt is a big market focus, particularly in a macro environment full of so many issues, and where we just don't know how much of a balls up central plankers have made.

The debt (especially if they had dived in with a big new acquisition) comes into play if things were to deteriorate and earnings downgrades were to happen. Also note the constant upgrading of earnings, and how the market has almost ignored these, with the price continually meeting sellers at the current price points to stop any break out higher.

The market has also taken the price down to the 110p level numerous times so the market is signalling a great deal of apprehension on the bearish points too. Furthermore, in light of the low multiple versus the growth and constant upgrades, it would have otherwise comfortably broken higher out of the range rather than enduring this persistent ding-dong range bound battle. The charts often paint the picture of the story.

The interesting thing today is that the buyers have come in to buy in a much more vigorous way to try and clear key resistance marks in a bid to take control of these key levels at 135p-137p. This is as good a test as I have seen of the key breakout levels. That is not to say it is absolutely going to breakout here, but there are some tentative positive signs.

There are still some sizable blocks being lobbed into the market with e.g. the 500k @ 136.25p so it does look like the buying needs to continue to pick up to cause the breakout. Kestrel have been buying in decent size so it might be them picking up more.

Despite this, it still hasn't been enough to cause the break higher, but the moves of late (post the sellers looking for liquidity in late November) are certainly more bullish with dips toward 125p and a brief flash type crash getting gobbled up very quickly. This compares with the past where the price would have continued down with little resistance at all, so worth keeping an eye on.

Ultimately, if the market can overcome the loss of the CEO in being more comfortable with a less racy approach, then those debt risks will have receded. The macro is clearly still in play and will come to the fore even more now.

Judging from the economic forecasts and major indices moves, there is no severe downturn expected, not even close. The market is pricing in a milder downturn. IF that is the case and inflation and rates aren't worse than expected, CNIC have already shown they can perform and could continue to perform next year.

I just don't know how all these aggressive rate moves play out and how sticky inflation will be. Judging by previous forecasts from the professional central plankers, it is hard to trust their forecasts.

If the forecasts play out (or are close) with no hard landings or bigger downturn, CNIC will eventually break higher. It looks like earnings forecasts will be upgraded again next year, and if no big sell down in the market (even if it is benign and range bound with no major bullish moves either), that stability could provide the platform for a substantial re-rating higher.

So even though I don't have faith in central plankers, taken a few to hold in the hope (hope...ay ay ay) that the markets are right and the macro isn't going to deteriorate substantially.

It is nigh on impossible to not trade this share too (that will never change!), but there has been so much bullish earnings momentum here and the market has been buying bigger of late, so it does make you wonder if sellers might get cleared here soon.

There is certainly plenty of food for thought for all market participants.

Now let's pray the central bozos in charge haven't got it even more wrong!

Bozos!

All imo
This opinion is prone to being substantially wrong as well as just wrong
DYOR

Posted at 29/11/2022 12:22 by azaman
Please look at my analysis and comment.
If it does not make sense, please correct it but stick to the theme (
ie. fair value calculation for share)

Assumption
===========


The company ceases to trade and will be shut down.
1. Collect all money from debtors £d
2. Withdraw all cash from the bank £m
3. Pay all creditors -£c
4. Pay off the outstanding loan -£l

Share price calculation
========================

( £d + £m - ( £c + £l) ) / No of shares = £share_worth

As long as the current share price > £share_worth, we should be happy.

Posted at 28/11/2022 16:41 by dave2608
On results day, initially the share price rose then slumped. What was that all about I wondered. Then I find out that the slump appeared to coincide with the timng of Paul Scott's small cap report comments. Whether or not you rate Paul Scott, he has a huge fan base who cling on to his every word and it would seem his comments triggered the share price slump.

Then there is a subsequent rally. What's this all about? Then we learn that Kestrel have been buying like crazy. Yes that would explain it. This afternoon buying has gone berserk. Kestrel again? Without Kestrel I'd imagine the price would still be stuck in the 110s.

Posted at 23/11/2022 11:36 by rivaldo
Good stuff from Berenberg:

Https://www.proactiveinvestors.co.uk/companies/news/999098/centralnic-group-due-a-re-rating-according-to-berenberg-which-keeps-250p-price-target-999098.html

"CentralNic Group due a re-rating according to Berenberg which keeps 250p price target

“In our view, this level of performance and execution for a stock trading at c8x P/E indicates that there will be a re-rating over the next six to eight months once the market becomes risk-on again” Berenberg said.

CentralNic Group PLC (AIM:CNIC)’s results got the thumbs up from Berenberg today which sees potential for the group’s share price to double.

Quarter three results were in line but the broker pointed out the company has upgraded its organic EBITDA and EPS forecasts by c40% year to date and has clearly proven its ability to grow organically and via acquisitions.

For the nine months, CentralNic reported revenue of $526.7mln, up 88% and gross profit of $128.3mln, up 53%. driven by a doubling of organic revenues in the online marketing segment and by a steady 4.3% organic constant currency growth in the online presence segment.

CentralNic’s revenue per thousand sessions year to date of $104 is"testament to the ROI it delivers for advertisers using contextual advertising."

“In our view, this level of performance and execution for a stock trading at c8x P/E indicates that there will be a re-rating over the next six to eight months once the market becomes risk-on again” Berenberg said.

The broker has a buy rating and 250p price target."

Posted at 22/11/2022 08:30 by doobz
I've seen many a share open up 25-50% on results not as impressive as these. I honestly don't understand CNICs share price. Well undervalued now and happy to keep adding. well done cnic, lets see the share price reflect it now
Posted at 11/7/2022 07:29 by taffer87
Why does share price keep dropping especially when gbp is falling the share price performance looks even worse.

Will be good to know frank/honest views on what people think is likely here in a couple of years?

Of course appreciate there has been a step change already from the 40-90p channel but share price seems to be ignoring recent results. Are there doubts about sustainability?

Centralnic share price data is direct from the London Stock Exchange
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