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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cornerstone Fs Plc | LSE:CSFS | London | Ordinary Share | GB00BNG7CD28 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 40.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 39.00 | 41.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Catalog, Mail-order Houses | 9.65M | 2.13M | 0.0372 | 8.74 | 22.97M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 40.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/1/2025 | 15:25 | ALNC |  Finseta expects to post full-year revenue growth; shares slump |
| 10/9/2024 | 12:21 | ALNC | Finseta maintains growth momentum in line with full-year expectations |
| 15/7/2024 | 12:15 | ALNC | DIRECTOR DEALINGS: Jet2 chair buys; Ovoca Bio's old CEO sells to new |
| 09/7/2024 | 12:53 | ALNC | Finseta on track to deliver "significant" revenue growth in 2024 |
| 05/6/2024 | 15:32 | ALNC | EARNINGS AND TRADING: STV sees advertising upturn; Angle loss narrows |
Cornerstone Fs (CSFS) Share Charts1 Year Cornerstone Fs Chart |
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1 Month Cornerstone Fs Chart |
Intraday Cornerstone Fs Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/7/2024 | 07:07 | At 8p the shares are significantly undervalued | 2,436 |
| 21/5/2024 | 07:25 | Cornerstone fs | 2,214 |
| 28/4/2023 | 12:16 | Cornerstone | 31 |
| 31/10/2022 | 14:20 | Cornerstone | 443 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 08/5/2024 13:43 by carcosa Based on the information provided in the Shore Capital research report (available for free), there are a few key reasons why the forecasted 2024 EPS for Finseta is significantly below 2023 results.1. Continued strategic investment: - The report notes that the company is "managing embryonic strategic expansion opportunities", which suggests Finseta is continuing to invest in growth initiatives in 2024. - This investment likely weighs on near-term profitability and EPS. 2. Modest forecast upgrades: - The report states that the analysts have only made "modest upgrades" to their 2024 forecasts, despite the strong 2023 results. - This indicates they are taking a cautious approach to 2024 projections. 3. Higher amortization costs: - The report mentions that the 2024 adjusted pre-tax profit forecast "also reflects higher amortisation costs, as we have raised capex to enable the addition of counterparties in Canada and the UAE." - These increased capital expenditures and associated amortization impact near-term profitability. 4. Timing of strategic initiatives: - The report highlights that Finseta received regulatory approval to provide payment services in Canada and signed a Mastercard partnership in 2024. - The benefits of these initiatives may not be fully realised until later years as the company ramps up these new business lines. So in summary, the relatively low 2024 EPS forecast seems to be driven by Finseta's continued strategic investment, a cautious approach by the analysts, higher amortisation costs, and the timing of new initiatives - all of which weigh on near-term profitability, before the benefits of these growth efforts are expected to materialise more significantly in subsequent years (2025); which are forecast to be gangbusters. This tallies with what was said during the Investormeet call/presentation i.e. H1/24 is going to be be flat because HNWI tend to operate more during the second half (why??). Therefore makes sense to some to buy shares post H1/24 results. They also indicated that now that SHore Capital have a very good handle on the business that quarterly updates were going to cease. The Analysts' share price target is generated from excruciating maths. Basically ignoring all 2024 business and using 2025 figures and discounting back to today. A bit laughable really. Todays share price decline coincided with the Shore Capital report and this afternoon's share price improvement coincided with Simon Thomson's missive. |
Posted at 08/5/2024 10:40 by purchaseatthetop The accounts are opaque. The entire three year compensation for the revenue generators was expensed in 2022. Of course there was a profit this year because they had taken the people costs into last year! And the £2m loan note remains unpaid so the real cash is very low.This is a brilliantly organised pump. 2022 accounts…̶ 4/8/22 RNS The Company announced in September 2021 that it had opened an office in Dubai led by Robert O'Brien. In March 2022, Cornerstone announced that Mr O'Brien had taken on the role of interim COO. On joining Cornerstone Mr O'Brien was entitled to receive share-based incentivisation based on a multiple of revenue generation and contribution to profit. As a result of his performance ahead of expectations and the widening leadership role that he had taken on following the departure of Julian Wheatland, the previous CEO, the Board has agreed with Mr O'Brien to vary the terms of the original incentivisation arrangements. Under the new arrangements Mr O'Brien will now be entitled to £2,940,000, paid over the next three years, to be satisfied by: 1. the issue of new ordinary shares in the capital of Cornerstone ("CSFS Shares") equivalent to 9.9% of the enlarged issued share capital of Cornerstone (following the allotment and issue of shares pursuant to the Placing at a price of 10p per share (the maximum percentage holding allowed for a regulated payment services company without the prior consent of the FCA). The number of shares will only be able to be calculated after the closing of the Fundraising; 2. the issue of CSFS Shares also calculated on the basis of 10p per CSFS Share to satisfy the balance (being the sum calculated by deducting from £940,000 the value of the CSFS Shares issued in 1 above) (such shares to be issued following receipt from the FCA of permission for Mr O'Brien to increase his holding to more than 9.9% of the issued share capital of the Company); and 3. the issue of a loan note to Mr O'Brien with a value of £2 million and carrying a coupon of 6%, repayable by the Company on 31 July 2025. |
Posted at 21/3/2024 17:29 by z1co ebandb , you're spot on regarding the large trades.The 50,000 @ 28.4275p at 10.21 is a BUY share price at the time was 27p v 29p The 25,000 @ 27.6875p at 08.31 is a BUY share price at the time was 27p v 28p The 44,327 was a sell just after the opening which i have already mentioned. We had 441,000 buys and just 45,000 sells |
Posted at 07/2/2024 18:22 by 66fingers I don't think you'll see.any significant rise in the share price until the next trading update and that's assuming the update states that the significant increase in turnover and pr9fit has continued. Don't forget the share price has already seen huge gains over the past 6 months. |
Posted at 24/1/2024 07:56 by someuwin Shore Capital...Cornerstone FS+ (CSFS, House Stock at 35p) Card scheme agreement with Mastercard Summary. Cornerstone has announced a long-term agreement with Mastercard to launch a corporate card scheme. Under the scheme, due to launch in Q3 2024, CSFS will issue commercial cards co-branded and supported by Mastercard to the CSFS’s corporate customers. The agreement is further substantiation of the company’s ability to establish major commercial partnerships and extends the payment methods available to customers globally. We anticipate more colour on the potential commercial and economic impact to CSFS of this agreement at the upcoming FY23 results in May, leaving our forecasts unchanged for now. The valuation remains attractive, and despite recent share price strength, we think there’s plenty more to go for. HOUSE STOCK. Valuation: Our prevailing 50p fair value suggests further share price upside, despite the >4-fold increase over the past year. We anticipate upside to our fair value estimate when we reappraise forecasts, most likely next in May. On our prevailing (prudent) forecasts, we estimate FY24F P/E at c.23x and FCF yield at c.5%, with FY25F at c.11x and c.11% respectively. |
Posted at 10/1/2024 11:17 by someuwin Shore CapitalCornerstone FS+ Strong close to FY23F, another beat Cornerstone FS (CSFS), the fast-growing UK-based payment services provider to SMEs and HNWIs across c.60 currencies and >150 countries, has published another strong trading update. FY23F adjusted EBITDA is guided at £1.4m, c.40% ahead of our estimate (last upgraded on 4 Dec), after a very strong end to the year. Cash generation was also significantly ahead of our expectation, entailing a positive net cash position at Y/E. We leave our outer-year forecasts unchanged ahead of FY23F results due in May but continue to envisage upside risk. The valuation remains attractive, and despite recent share price strength, we think there’s plenty more to go for. HOUSE STOCK. Growth: Strong revenue growth during FY23F reflects higher active customers, which rose to 906 from 803 in FY22A, and a significant increase in average transaction values, with revenue per customer estimated at >£10k compared to c.£6k in FY22A. This growth has been enabled by expansion of the sales team and customer offering, the latter driven by an increase in the number of counterparties CSFS can transact with, broadening the range of currencies and countries. Profitability & cash generation: FY23F marks a maiden positive adjusted EBITDA. Profitability improvement reflects an increase in gross margin to c.63% from c.61% in FY22A, reflecting a switch to direct sales away from legacy white labelling, and a change in commission arrangements during H1. Improved profitability is also the result of continued cost control. This has driven an improvement in net cash generation from operating activities, anticipated at c.£1.4m in FY23F vs. an outflow of £0.8m in FY22A. Scalability of CSFS’s proprietary technology platform should enable further improvement in profitability over the long term, with sufficient funding headroom and cash generation to finance the business’ ambitious growth plans. Forecasts: We upgrade our FY23F forecasts in line with revised guidance, whilst leaving our outeryear profit forecasts unchanged. Since our initiation of coverage on 6 Nov, this is the second set of upgrades we publish. Forecast momentum should remain positive, continuing a trend which has seen the company raise revenue and profit guidance several times over the past year alone. Valuation: Our prevailing 50p fair value suggests material further share price upside, despite the >4-fold increase over the past year. We anticipate upside to our fair value estimate when we reappraise forecasts, most likely next in May. On our prevailing (prudent) forecasts, we estimate FY24F P/E at 17.8x and FCF yield at c.6%, with FY25F at 8.4x and c.14% respectively. |
Posted at 14/12/2023 21:04 by purchaseatthetop Note 15 of the accounts RNSd on 16/5/23 say“On 27 September 2021 the Company announced the appointment of Robert O'Brien as General Manager APAC and Middle East. As part of his remuneration package over the first two years he and his team were entitled to receive share-based incentivisation based on a multiple of revenue generation and contribution to profit. Upon initial recognition of the share-based incentivisation, the forecasted performance of Robert O'Brien and his team over the two-year period, resulted in an expected share-based compensation charge over the two-year period of £6,148,417 based on the share price at the grant date on 1 August 2021 of 29.5 pence per share. On 4 August 2022, the Company announced the variation of the share incentive arrangement between the Company and Robert O'Brien and his team. The terms of the original incentivisation arrangements were varied such that 1) Mr. O'Brien was issued a loan note with a value of £2 million and carrying a coupon rate of 6%, repayable by the Company on 31 July 2025 (which was subsequently varied to be repayable on 31 July 2026); 2) Mr. O'Brien was issued and allotted 4,286,818 new ordinary shares at a price of 10p per share; 3) the three senior members of Mr. O'Brien's team were allotted and issued 2,100,000 new ordinary shares at a price of 10p per share; and 4) the issue of a further 5,113,182 new ordinary shares to Mr. O'Brien at a price of 10p per share following receipt from the FCA of permission for Mr. O'Brien to increase his holding to more than 9.9% of the issued share capital of the Company. As a result of the agreed settlement, the Company recognised an accelerated charge for the year ended 31 December 2022 such that the full value of the total charge estimated upon initial recognition of £6,148,417 has been cumulatively expensed (£4,340,837 for the year ended 31 December 2022 and £1,807,580 for the year ended 31 December 2021).” So…..as a result of the “forecasted performance ( as opposed to actual) Mr O’Brien got £6.1m for doing absolutely sweet nothing. Let’s remember how trustworthy Robert is. But don’t ask the hundreds of pensioners he scammed. |
Posted at 11/12/2023 19:50 by papillon Derampers PWhite73 and purchaseatthetop have one thing in common. They got CSFS completely wrong! CSFS share price has more than tripled since they started deramping! 😂 |
Posted at 11/12/2023 12:44 by hamidahamida Worth a read again -:-A huge increase in guidance from @cornerstonefs_ #CSFS this the second in 7 weeks!Shore Cap has lifted its 2023 revenue estimate to £9.2million and its adj. EBITDA to £1.0million.Consider that at the start of the year, the only analyst covering the stock (from share price Angel) had pencilled in £6.5m and £0.1m respectively; and you can then begin to appreciate by just how much CSFS has obliterated internal and market expectations this year.If £9.2m is hit, the Co will have enjoyed a topline compound annual growth rate of 100% over the past two years (having recorded sales of £2.3m in 2021).yet after recent rise CSFS' mkt cap at 21p still remains below £12m. Consider the profit build over the next three years (see today's updated forecasts below); and consider also that those latest 2024 numbers are also likely to be highly conservative (given that 100% revenue growth has been achieved on average, in each of the last two years - versus the +23% forecast for next year).I suspect we see the all time-high share price of 60p broken shortly. |
Posted at 11/12/2023 08:50 by dupont56 The share price should get to £1.It's extraordinarily rare to get a company that's growing so fast and is on such a low pe ratio. A PEG ratio of 1 is seen as fair value. 2024 PE ratio is only 12 but the 2024 eps growth is 66% from 0.9p to 1.5p. To get to a reasonable PEG ratio of 1 for 2024 the share price needs to get to £1.00. Opportunities like this don't come up very often. The 2025 eps share growth is even higher at 113%, from 1.5p to 3.2p and PE ratio is 6. A PEG ratio of 1 for 2025 would mean a share price of over £3. |
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