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 0.95% 80.00 62,168 12:15:05
Bid Price Offer Price High Price Low Price Open Price
78.50 80.00 80.00 80.00 80.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 82.34 -6.18 -3.52 145
Last Trade Time Trade Type Trade Size Trade Price Currency
16:44:39 O 11,836 79.944 GBX

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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 79.25p.
Centralnic Group Plc has a 4 week average price of 79p and a 12 week average price of 77p.
The 1 year high share price is 96.50p while the 1 year low share price is currently 41.50p.
There are currently 181,793,478 shares in issue and the average daily traded volume is 82,744 shares. The market capitalisation of Centralnic Group Plc is £145,434,782.40.
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!).
rivaldo: Big volumes today with 6.26m shares traded - and the share price is actually up 0.5p at 87.25p mid-price (ADVFN's header chart is incorrect).
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.
rivaldo: All done at 75p - considering the price had already slipped from 90p at the start of September the price could have been better imo. Nevertheless, the placing was "significantly oversubscribed", so there should be a very good aftermarket. And good to see Kestrel buying another £8.3m of CNIC shares. With the immediate and large earnings enhancement this news should be very well received.
rivaldo: Cheers - here's a direct link: Https:// And a second interview here: Https:// Both cover similar ground, with record 18% organic growth in H1. CNIC are being "appropriately cautious" at present, given the global economic climate, in not rushing out yet and saying they'll beat estimates for the year - despite the excellent H1 results and prospects. The most interesting point for me was that CNIC have patented a solution for their domain monetisation technology for SSL-certificated web sites/domains, which apparently had been a barrier to the industry before CNIC acquired Team Internet last year. Apparently this has "really taken off" - this reflects really well on CNIC and shows their innovation and resourcefulness.
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.
rivaldo: Excellent H1 results, with revenues up 124% and EBITDA up 64%. The organic growth numbers are also good. Cash conversion is very good, up to 138% in Q2. With 4.4c EPS in the bag in H1 there's confidence that full year forecasts of 8.7c EPS per Zeus Capital will be achieved. This is very good news considering that H1 at least has been a period of big investment in growth and the full integration of Team Internet. H2 will see the bigger benefit of cost savings and synergies etc. The huge recurring revenues are the big attraction here, along with the successful track record of acquisitions. It's encouraging to see that CNIC are still suggesting that more acquisitions are on the cards. CNIC remain at a huge discount to its sector comparators, which trade at ratings more than double CNIC's. Some will focus on the large adjusting non-cash items, i.e amortisation, share-based payments, but the core profitability and prospects here remain very attractive.
rivaldo: I've topped up recently, as (1) CNIC remains cheap imo, and (2) CNIC and Zeus Capital are running an Investment Roadshow next week from 1st-4th September after the interims which should galavanise institutional interest if recent news flow and presentations are anything to go by. CNIC now have a £158m m/cap, which is more than enough for many small cap institutional investors, and liquidity has improved markedly. And there's still a long way for CNIC to go to catch up with its sector peers: Https://
rivaldo: Good summary of the new note here: Https:// "CentralNic's capital markets day highlights its growing opportunities says research house Following the event, Edison forecast CentralNic's revenue to double this year to US$203mln and to rise again to US$214mln in 2021 CentralNic Group PLC’s (LON:CNIC) capital markets day last week highlighted the opportunity for the internet domain specialist to grow both organically and through acquisition, according to Edison. The capital markets event covered the benefits of scale, cross-selling and the integration of new businesses through a robust, automated M&A process, reported the research house. Management focused on the opportunities for the different service lines, it said, highlighting a shared service approach as management pushes for higher value-added services to drive organic growth over the next three years. Following the event, Edison forecast CentralNic revenue to almost double this year to US$203mln and to rise again to US$214mln in 2021, while profits are tipped to reach US$18.9mln on a normalised basis this year and US$23.4mln a year later. “CentralNic continues to trade on an FY20 EV/EBITDA of 9.1x and a P/E of 15.8x, a material discount to its peer group, with our DCF indicating further share price upside. M&A could bring CentralNic’s multiples down further,” the research note said."
rivaldo: I watched it - the CEO was impressive as he always is these days. IMO he comes across as someone who knows the business inside out and has a strategy to maximise value which works well. CNIC is benefiting nicely from the pandemic, even if not to a "material" extent, and the business is trading well with Q1 ahead of forecasts and April numbers continuing in the same vein. There's no reason why the business and share price shouldn't continue to progress nicely imo. In particular, CNIC are on a very large discount to (larger) peers like GoDaddy and Tucows. If the discount doesn't close, perhaps these companies wii consider bidding for CNIC.
Centralnic share price data is direct from the London Stock Exchange
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