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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
  0.75 0.89% 85.00 20,995 16:35:12
Bid Price Offer Price High Price Low Price Open Price
83.50 86.50 87.00 86.50 87.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 82.34 -6.18 -3.52 155
Last Trade Time Trade Type Trade Size Trade Price Currency
14:56:42 O 2,000 86.275 GBX

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DateSubject
05/12/2020
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 84.25p.
Centralnic Group Plc has a 4 week average price of 74.50p and a 12 week average price of 72p.
The 1 year high share price is 96.50p while the 1 year low share price is currently 57.50p.
There are currently 181,793,478 shares in issue and the average daily traded volume is 183,339 shares. The market capitalisation of Centralnic Group Plc is £154,524,456.30.
02/12/2020
10:57
simon gordon: Directors Talk - 2/12/20: CentralNic Group “results confirm strategy” says Zeus Capital CentralNic Group plc (LON:CNIC) 9M 2020 ended September results confirm CNIC’s acquisition and growth strategy. The company delivered high pro forma sales growth with steady divisional gross margins. CNIC is investing in new products and integration activities to improve long-term growth and margins and expects current year results to be in line with management’s expectations. Acquisitions have added significant value and the company is assessing a strong pipeline of further opportunities. CNIC is well positioned to acquire at attractive valuations, improve target company operations and deliver synergies. Solid growth: Revenues grew 17% pro forma in 9M 2020, led by 39% growth in the Monetisation division. (See key financial items overleaf.) The Monetisation division introduced new software, based on two proprietary patents, that take advantage of modern browser technologies and security standards better than competitors. Indirect revenue grew 8% due to the company’s successful focus on growing key accounts. Direct revenues were broadly flat (-2%) due to tightening corporate budgets during the pandemic, but CNIC is confident that growth will return after winning new clients and building a healthy pipeline. Steady divisional gross margins and investing for growth: Gross margins across all three divisions have been stable but group gross margins declined yoy due to the strong growth of lower margin Monetisation revenues. As a result, gross profit growth was slower (10%) than revenue growth. EBITDA grew more slowly (4%) than gross profit due to management’s strategy of reinvesting in management and systems to ensure future ability to scale. Adjusted expenses were up 15% yoy as the company invested in new products and integration to accelerate future revenue growth. We make no changes to our estimates. Strong cash conversion and prospective dividends: Cash conversion remained high at 93% in 9M 2020 and is expected to be approximately 100% for the full year. The Codewise acquisition has similar cash conversion to CNIC’s existing businesses. Strong cash generation has led the company to convert the Share Premium account into Distributable Reserve in anticipation of paying dividends. Net debt: Despite continued strong cash conversion, net debt excluding funds from the capital raise ($37.3m) rose to $82.3m at the end of Q3 from $76.4m at the end of H1 2020 largely due to the strong Euro, which was up over 4% against the US dollar, leading to a revaluation of the Euro-denominated bonds. In addition, CentralNic Group made earnout payments due to the acquisitions of SK-NIC and GlobeHosting, as previously flagged, and the company paid for capital raising and integration expenses. Excluding these exceptional fees and expenses, net debt would have fallen in Q3. We update our estimate for net debt at year end to $75.2m from $67.1m but, after exceptional items in 2020, the company should continue to deleverage. Https://www.directorstalk.net/centralnic-group-results-confirm-strategy-says-zeus-capital/
02/12/2020
10:44
rivaldo: A second interview with the CEO: Https://www.edisongroup.com/edison-tv/centralnic-executive-interview-2/ CNIC's share price has more than doubled in the last year. COVID and a pause for breath has caused a hiatus, but I suspect the upward path will be continued soon. Especially as (1) there's likely to be a positive year end trading update since trading is going so well, and (2) there could well be be more acquisition news.
30/11/2020
09:42
davebowler: Zeus- Results confirm strategy 9M 2020 ended September results confirm CNIC’s acquisition and growth strategy. The company delivered high pro forma sales growth with steady divisional gross margins. CNIC is investing in new products and integration activities to improve long-term growth and margins and expects current year results to be in line with management’s expectations. Acquisitions have added significant value and the company is assessing a strong pipeline of further opportunities. CNIC is well positioned to acquire at attractive valuations, improve target company operations and deliver synergies. Solid growth: Revenues grew 17% pro forma in 9M 2020, led by 39% growth in the Monetisation division. (See key financial items overleaf.) The Monetisation division introduced new software, based on two proprietary patents, that take advantage of modern browser technologies and security standards better than competitors. Indirect revenue grew 8% due to the company’s successful focus on growing key accounts. Direct revenues were broadly flat (-2%) due to tightening corporate budgets during the pandemic, but CNIC is confident that growth will return after winning new clients and building a healthy pipeline. Steady divisional gross margins and investing for growth: Gross margins across all three divisions have been stable but group gross margins declined yoy due to the strong growth of lower margin Monetisation revenues. As a result, gross profit growth was slower (10%) than revenue growth. EBITDA grew more slowly (4%) than gross profit due to management’s strategy of reinvesting in management and systems to ensure future ability to scale. Adjusted expenses were up 15% yoy as the company invested in new products and integration to accelerate future revenue growth. We make no changes to our estimates. Strong cash conversion and prospective dividends: Cash conversion remained high at 93% in 9M 2020 and is expected to be approximately 100% for the full year. The Codewise acquisition has similar cash conversion to CNIC’s existing businesses. Strong cash generation has led the company to convert the Share Premium account into Distributable Reserve in anticipation of paying dividends. Net debt: Despite continued strong cash conversion, net debt excluding funds from the capital raise ($37.3m) rose to $82.3m at the end of Q3 from $76.4m at the end of H1 2020 largely due to the strong Euro, which was up over 4% against the US dollar, leading to a revaluation of the Euro-denominated bonds. In addition, CNIC made earnout payments due to the acquisitions of SK-NIC and GlobeHosting, as previously flagged, and the company paid for capital raising and integration expenses. Excluding these exceptional fees and expenses, net debt would have fallen in Q3. We update our estimate for net debt at year end to $75.2m from $67.1m but, after exceptional items in 2020, the company should continue to deleverage.
28/11/2020
10:03
d024912: Deanowis, Thanks, that's interesting. Doing some rough calculations, based on the document: Fund size 9M in September 2020 CNIC 6% of holding Therefore value of CNIC shares held roughly 450K lets say 500K. Now that's from the September 2020 commentary. I wonder if the the drop in CNIC shares to 79p a few weeks ago, against the good news of the Zeropark accquistion, was the fund was selling some of its holding? Well we will find out soon enough. CNIC 3Q results this Monday. Thanks for sharing.
26/11/2020
23:18
rivaldo: Buying at the close at almost 95p - the share price has moved up every day this week from memory.
02/11/2020
07:11
rivaldo: Two pieces of good news today - CNIC look even better value now: - the Codewise acquisition has successfully completed, and will be earnings-enhancing to the tune of 20%... - confirmation that CNIC are still trading in line with expectations, and the Q3 results will be out on 30th November Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Completion-of-Acquisition-of/83580674
29/10/2020
22:16
d024912: boadicea, like you, I've also been very puzzled by the price drop today, on no news. Researching, I suspect it is connected to CentralNic's placing of 40m shares at 75p each in order to fund its acquisitions of Zeropark and Voluum. On reading the September 11 RNS - Confirmation of successful fundraising near the top it says ... " The Placing Shares were placed at a price of 75 pence per Placing Share, representing a discount of c.6.0% to the last closing price of CNIC, and the Placing was significantly oversubscribed." later in the document it states... "Admission Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM at 8.00 a.m. on 30 September 2020, following satisfaction (or where applicable, waiver) of the Conditions in relation to Completion of the Acquisition as set out in the Launch Announcement." That's my guess as to why CNIC shares tanked 3.8% today, on half the average volume, but then again what do I know. I'm only a retail investor.
09/10/2020
13:04
rivaldo: Indeed. Which just highlights the trustworthiness and probity of CNIC. I've never understood how MMX has attracted such attention from PIs when it's always seemed blatantly inferior to CNIC in every way, in terms of valuation, recurring revenues, and the (ahem) quality of a proportion of MMX's revenues. Whereas CNIC gets on with its business quietly and effectively. The share price has begun to reflect the progress made, but imo there's still a long way to go. Perhaps at some point it will even start to attract a few more PIs (probably at the expense of a lovely, quiet thread!).
14/9/2020
07:33
rivaldo: Zeus Capital have increased their forecasts today. They now go for (at $1.27:£1): this year : 8.9c EPS, i.e 7.01p EPS next year : 11.1c EPS, i.e 8.74p EPS At 85.25p that's a P/E of 12.2, falling to just 9.8 for the year starting in four months' time. For a global leader, with very high recurring income, with .com domain name prices increasing by 7% soon, and having just assimilated a major competitor, I can see the share price doubling or even more in the next year or sooner assuming CNIC continue to deliver as they have.
01/9/2020
22:09
rivaldo: The share price is almost at 7-year highs. No doubt there were a few profit-takers on results - there usually are. The investment roadshow this week should bring in additional interest. Especially as CNIC remain cheap on fundamentals. The extract above from Zeus's new note doesn't show the info from the next page of the report. This notes that CNIC are on a current year EV/EBITDA of 9.7. Whereas GoDaddy Inc and Verisign are on ratios of 22.7 and 27.3. Plenty of upside for a further re-rating.
Centralnic share price data is direct from the London Stock Exchange
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