Cornerstone Fs Share Discussion Threads

[z1co] 12/4/2024 14:23

Share price is looking to break 40p today , with the expected Q1 trading update next week 50p to 60p is possible short term.

[z1co] 12/4/2024 08:24

Last year their Q1 revenue was £1.95m , taking in to account how strongly they traded in H2 and especially in Q4 i expect this years Q1 to be very strong.

I'm expecting Q1 revenue to be in the region of £3m to £3.5m , this will be significantly ahead of Shore Capitals forecast.

Shore Capital is forecasting only £11.3m for 2024.

No doubt S C will have to raise it's guidance after the Q1 update.

[z1co] 12/4/2024 08:08

Last year their H2 revenue of £6.0m was 66% higher than H1 £3.6m.The total for 2023 being £9.6m was significantly higher than what the house broker was forecasting at the beginning of 2023.

To put the scale of the business’ momentum into perspective, management was guiding the market to expect annual revenue of £6.5mn at the interim results in September 2023.

Some reasons why CSFS is growing spectacularly:

First of all hiring the new CEO James Hickman was a master stroke.

Cornerstone differentiates itself from rivals by facilitating relatively large transactions (such as property transactions or corporate investments) for customers which fall outside the traditional transaction remit of banks. Given their cumbersome legacy IT systems, banks not only lack the cutting edge technology to effectively service these demand niches, but they are also unwilling to invest in scaling their compliance capabilities for client onboarding and ongoing transaction monitoring. Cornerstone’s tailored service requires a high level of compliance support with each customer given a dedicated account manager. The focus is on quality of service, another differentiator to legacy banks.

Furthermore, Cornerstone has the expertise (12 sales professionals and another 12 employees split equally across compliance, IT and technology and operations) and infrastructure in place to be able to operate in certain jurisdictions, such as Dubai and China, which many rivals avoid due to the regulatory complexity. For instance, Cornerstone has made significant investment in its technology platform to be able to carry out extensive due diligence on potential clients prior to
onboarding them and fulfilling their cross-border payment demands.

[z1co] 11/4/2024 22:29

Thanks 66fingers

I've said my bit and as far as i'm concerned the matter is done and dusted.

Looking forward to Monday change of name and hopefully Q1 trading update.

[66fingers] 11/4/2024 20:13

Z1CO, dont worry too much about what others have to say. I dont have a problem with what eggbacon and bubble posted, it's just what was shared with him and her forwarded on. it also provided others with the opportunity to reply and correct what was sent to him.

[z1co] 11/4/2024 18:39

Lets remind the trolls what the CEO James Hickman said in his interview in January that his aim is to increase the revenue to £100m plus within 5 years.

If he can achieve that ( and he is more than capable ) then i expect this company to be worth in excess of £200m and share price of around £2.50.

This is definitely one for the long term.

[z1co] 11/4/2024 18:35

eggy ,

Do you still remember when PATT was posting scam links about certain employees and we all ( including you , intoodeep and nico ) reacted to his posts.

That's how i still react to people that post false info on this forum.

There is that other thread that you can use.

[z1co] 11/4/2024 18:03

Idiot your link says that the company is not regulated by a financial authority with strict standards , what a LIE.

Try reading this one:

[homeboy] 11/4/2024 17:51

is the price gonna crash back down after being ramped to death every second of the day by muppet chops zico

zico the clown providing the entertainment, lolz

[chatchat] 11/4/2024 17:22

It might also have something to do with Cornerstone on not on brokerchooser's list of brokers that thay may get commission from.

[chatchat] 11/4/2024 17:18

That does not look to be very accurate - they are reg via their sub Cornerstone Payment Solutions Limited FCA reg number 941406 so are top tier regulated.

[eggbaconandbubble] 11/4/2024 16:25

Hi Z1CO et al, I don't wish to alarm anyone but what's this all about?

A friend found it when doing some research.

No date when written/posted! Is it well old?

[z1co] 11/4/2024 08:50

Very quiet considering the expected news on Monday.

Q1 will exceed again , but the big question is by how much ?

[eggbaconandbubble] 11/4/2024 08:20

I think one can expect little share price movement now until the next RNS.

Could be wrong of course!

[z1co] 11/4/2024 07:25

With only two trading days before they change their name to Finseta Plc and could well issue Q1 trading update on the same day , i expect a few more will be buying ahead of this

[z1co] 10/4/2024 21:47

Name change next Monday the 15/04/2024 and we could also get Q1 trading update on the same day.

[z1co] 10/4/2024 21:43

This was published yesterday:

Cornerstone FS
2,259 followers

1d

𝘾𝙤𝙪𝙣0425;𝙞Ҵ19;𝙜 𝘿𝙤𝙬𝙣 𝙩𝙤 𝙖 𝙉𝙚𝙬 𝘾𝙝𝙖𝙥0425;𝙚Ҵ23; 𝙬𝙞𝙩𝙝 𝘾𝙤𝙧𝙣0410;𝙧Ҵ24;𝙩𝙤;𝙣𝙚: 𝙁𝙧𝙚𝙨0413; 𝙇𝙤𝙤𝙠, 𝙎𝙖𝙢𝙚 𝙈𝙞𝙨𝙨0414;𝙤Ҵ19; 🎉

In 6 days, Cornerstone will announce a refined brand identity and name. Our core mission stays true - empowering businesses and individuals with streamlined global payments and FX solutions.

[z1co] 10/4/2024 16:46

That UT trade at 40p makes the chart look even better!!!

In all honesty the price will smash through 40p after the Q1 trading update very sson.

[eggbaconandbubble] 10/4/2024 15:25

Over 200k bought and 2700 apparently sold.

Does that mean a large sell order (bonkers to do so!) is being fulfilled???

[z1co] 10/4/2024 12:42

Lots of buying so far today and no seller , MM's will have to increase the bid to entice a few more in to selling their shares.

[z1co] 10/4/2024 12:05

We'll get a much better idea of 2024 revenue and profits after the company announces it's Q1 trading update.