Centralnic Share Price (CNIC)

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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
  -1.25 -1.52% 81.00 1,234,778 16:35:22
Bid Price Offer Price High Price Low Price Open Price
80.00 82.00 81.50 75.50 81.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 176.43 -6.87 -3.36 147
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:51 O 32,500 79.50 GBX
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Centralnic (CNIC) Latest News

Centralnic News

Date Time Source Headline
01/3/202111:22ALNCTRADING UPDATES: CentralNic revenue doubles; Augean swing to profit
01/3/202107:00UKREGCentralNic Group PLC Unaudited Preliminary Results Full Year 2020
22/2/202111:34ALNCTRADING UPDATES: OnTheMarket And Solid State Lift Profit Outlook
22/2/202107:00UKREGCentralNic Group PLC Acquisition of Wando
15/2/202107:00UKREGCentralNic Group PLC Notice of Results
09/2/202107:00UKREGCentralNic Group PLC Successful tap issue
08/2/202107:00UKREGCentralNic Group PLC Fixed Income Investor Meetings
15/1/202111:00UKREGCentralNic Group PLC Bondholder Meeting
12/1/202111:44ALNCIN BRIEF: CentralNic Buys SafeBrands For EUR3.6 Million
12/1/202107:00UKREGCentralNic Group PLC Acquisition of SafeBrands
More Centralnic News
Centralnic Investors    Centralnic Takeover Rumours

Centralnic (CNIC) Discussions and Chat

Centralnic Forums and Chat

Date Time Title Posts
07/3/202107:36CentralNic TLD's it's all in the Domain1,364
14/7/201606:50CentralNic (CNIC) See further investment from Herald Investment Management Li1
14/7/201606:49CentralNic (CNIC) See further investment from Herald Investment Management Li-
10/12/201410:02CentralNIC PLC31

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Centralnic (CNIC) Top Chat Posts

DateSubject
07/3/2021
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 82.25p.
Centralnic Group Plc has a 4 week average price of 75.50p and a 12 week average price of 75.50p.
The 1 year high share price is 105p while the 1 year low share price is currently 58.25p.
There are currently 181,793,478 shares in issue and the average daily traded volume is 469,487 shares. The market capitalisation of Centralnic Group Plc is £147,252,717.18.
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02/3/2021
10:40		d024912: I hate moaning but I have to say that I like some other posters, was disappointed by these results. I wanted to see debt being addressed and not increased. I too think paying Libor + 7% is expensive but maybe that is the going rate? (I don't know). I understand that it is fuelling CNIC growth and allowing it to get companies at a good? price and maybe in 1 -3 years time it will pay off big time and CNIC shareholders will do very well. (Also I want to see a net profit, old fashioned thinking). I'll have a look at the annual report and make my decision about next steps. At the moment I feel I'm paying the director's wages (maybe I am being unfair) and I temper that thought when There are many tech companies that are loss making for so long and then boom! I don't want to moan, I decided to buy CNIC 18 months ago, I like the company and their CEO and strategy and I hoped I would have seen a stronger performance by now. Oh well I will review CNIC performance when the annual report comes out and decide then what to do. Funnily enough CNIC results came out on the same day as Warren Buffet's letter to shareholders. (hxxps://berkshirehathaway.com/letters/2020ltr.pdf) I wish CNIC would communicate like that. Apologies if I am being unfair to CNIC.
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01/3/2021
22:42		rivaldo: If net debt is manageable - which it easily is given (a) CNIC's very high recurring revenues and (b) the lovely cash flows arising from annual subscriptions paid in advance - then debt should be utilised to grow the business. Which is why there are likely to be further earnings-enhancing acquisitions soon - because there is still good headroom available for CNIC. At some point I agree that CNIC will have to pause for breath and prove it can deliver debt reduction from organic cash flows, but that point has not yet been reached.
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01/3/2021
09:21		davebowler: Zeus- Q4 update CentralNic released unaudited preliminary 2020 results showing pro forma 9% revenue growth, ahead of expectations (ZC: 4%). The company continues to take market share in a growing market. EBITDA was in line with consensus expectations but below our top of consensus forecasts. CNIC is increasing investment in new products and integration, which we expect to continue in 2021 and provide net returns in 2022. The company’s results demonstrate its ability to integrate, scale and extract synergies from acquisitions. We see potential earnings upside from the Codewise acquisition and expect CNIC to deliver further significant earnings accretive acquisitions in 2021. Strong top line growth: 2020 revenues were strong at $241.2m, 6% ahead of even our optimistic expectations of $228.0m and 9% ahead of consensus expectations of $222.2m, which were already upgraded after strong H1 results. Pro forma total revenue growth was an impressive 9% and 16% excluding Codewise. Growth was led by Monetisation division, which grew 35% excluding Codewise. The online advertising market continued to growth strongly and CNIC’s patented SSL monetisation solution continued to take market share. Indirect sales grew pro forma 7%, driven by strong management of top 10 accounts. Direct sales were flat on a pro forma basis due to some clients reducing costs when uncertainty around the pandemic peaked. Direct sales expected to return to solid growth in 2021. EBITDA in line with consensus: The company released 2020 results in line with consensus expectations. EBITDA was $30.6m (4% pro forma growth), in line with consensus of $31.2m and 7% below our optimistic estimate, which is at the top of consensus range. CNIC significantly increased investment in growth in Q4, with annualised pro forma expenses rising to ~$49m from ~$44m in Q3 2020. We expect investment to continue in 2021 with benefits beginning to accrue in 2022, where we upgrade our EBITDA estimate to $45.7m from $43.9m. Post period end events: The company acquired Wando Internet Solutions for $6.5m upfront plus earnout of up to $6.5m and SafeBrands, a French Enterprise Domain Management and Online Brand Protection provider, for $3.7m plus a deferred consideration of $0.7m. The acquisitions were funded through €15m of senior secured callable bonds issued at 104.5% of nominal value, reflecting debt capital markets’ positive outlook on CNIC. Net debt was $84.9m at period end, above our estimate of $75.2m largely due to the strong appreciation in the Euro, slightly higher EBITDA estimate and acquisition fund raising related fees. Outlook: The company appears well positioned continue taking market share and consolidating the market. CentralNic is taking advantage of its expanded scale to invest in new products and integration, potentially improving growth and margins. At the same, time the company continues to assess a number of acquisition opportunities, which are expected to be significantly accretive to earnings. See forecast revisions and valuation discussions overleaf.
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22/2/2021
07:31		rivaldo: Excellent news this morning - what looks to me a very cheaply priced and accretive acquisition: Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Acquisition-of-Wando/84391550 For just €5.4m CNIC are picking up a business making €1.2m annual EBITDA - the remaining maximum €5.4m is based on stretching performance targets. And there are likely to be material synergies: "CentralNic's distribution network is an important sales channel for Wando, representing more than half its revenue. Through a closer vertical integration, CentralNic expects to grow Wando's sales." The CEO sums it up nicely: "Ben Crawford, CEO of CentralNic, said "We are excited by the vertical integration that this acquisition brings. Wando provides us with a new platform, expert staff, and a growing, profitable extension to our existing business and we expect it to bring accelerated growth and augmented margins for our fast-growing monetization business."
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19/1/2021
08:24		rivaldo: New Proactive Investors interview with the CEO - CNIC are now "the major non-US company in the space": - this acquisition establishes a domain name management footprint in France in addition to CNIC's existing presence in Germany, the USA and elsewhere - SafeBrands have "fantastic" software to protect against illicit use of brand names and IP, including reporting and enforcement thereof - CNIC have already been involved with Safebrands for five years, so know the company well Https://www.proactiveinvestors.co.uk/companies/news/938713/centralnic-group-snaps-up--french-footprint--safebrands--making-us-major-non-us-company-in-space--938713.html "CentralNic Group PLC's (LON:CNIC) Ben Crawford talks to Proactive London about acquiring French firm SafeBrands. After five years of getting to know the brand, Crawford is thrilled to now add the provider of online brand protection software and corporate internet services to their firm. Crawford explains that CentralNic is already a leader in Germany and the United States and with France now in the mix, 'making us the major non-US company in the space'."
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26/12/2020
15:11		simon gordon: Interactive Investor - 24/12/20: AIM tips review 2020: how our expert’s recommendations fared CentralNic % change: +19.6 Internet domain name registry and services provider CentralNic (LSE:CNIC) continues to grow rapidly even on a pro forma basis. In the first nine months of 2020, pro forma revenues grew by 17%. The Team Internet monetisation business has grown fastest and that has led to a slight decline in margins. CentralNic has organised itself into three new divisions. The indirect division covers domain sales through resellers, the direct division generates revenues from retailing domain names and providing services to businesses and the monetisation division helps businesses to generate revenues from their domains and attract web traffic. The direct division has the highest margins and there is potential to grow brand protection and cybersecurity revenues from what is still a relatively low base. CentralNic continues to acquire businesses that increase its international coverage. The latest is the $36 million purchase of Poland-based Codewise, which is a similar business to Team Internet, which was acquired at the end of 2019. This deal widens the scope of the monetisation business and should add one-fifth to 2021 earnings. A placing raised £30 million at 75p a share when the Codewise acquisition was announced. Net debt is expected to be $75.2 million at the end of 2021 and it should fall to $53.6 million by the end of 2021, although that assumes no more acquisitions, which seems unlikely. The share price has fallen back at the end of 2020, but there is still a gain on the year. The shares are trading on around 12 times 2020 earnings, falling to ten when the full benefit of the 2020 acquisitions shows through. A maiden dividend is expected in 2021. The level of the recurring revenues, which were 99% of the $145.1 million generated in the first nine months of 2020, means that the shares are still attractive. Https://www.ii.co.uk/analysis-commentary/aim-tips-review-2020-how-our-experts-recommendations-fared-ii514555
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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/
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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.
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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.
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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!).
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