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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 0.0% 8.00 50,030 00:00:00
Bid Price Offer Price High Price Low Price Open Price
7.50 8.50 8.00 8.00 8.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 2.30 -4.17 -21.24 3
Last Trade Time Trade Type Trade Size Trade Price Currency
14:31:29 O 50,000 7.53 GBX

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Date Time Title Posts
02/2/202315:23Cornerstone fs1,434
30/1/202313:11At 8p the shares are significantly undervalued138
31/10/202214:20Cornerstone443
22/7/202209:24Cornerstone 27

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Posted at 04/2/2023 08:20 by Cornerstone Fs Daily Update
Cornerstone Fs Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker CSFS. The last closing price for Cornerstone Fs was 8p.
Cornerstone Fs Plc has a 4 week average price of 6p and a 12 week average price of 5.75p.
The 1 year high share price is 27.50p while the 1 year low share price is currently 5.75p.
There are currently 43,301,199 shares in issue and the average daily traded volume is 85,027 shares. The market capitalisation of Cornerstone Fs Plc is £3,464,095.92.
Posted at 29/1/2023 12:43 by knigel
It’s easy for a troll to trash a company near its share price low point - but they run the risk of looking stupid when the share price eventually recovers - plus if they pick 20+ shares with dire share price performance to trash - they probably will be right in one or two cases - but not here.. they rarely go after a share that has risen 200% and is at a share price high (unless they risk a short)
Posted at 25/1/2023 10:40 by z1co
I don't agree with your comments.The share price has broken out of the 6p range and is at a higher level and it will consolidate before it starts rising again.

It took about 6 months for the share price to fall from around 20p to 6p and it will probably take the share price around 6 to 9 months to rise to 20p.

The business is experiencing very strong trading conditions and the next TU in April could well be another that reads " ahead of expectations " and the share price could easily double in a very short time frame.

For me the shares are still a very strong BUY at these current levels.

Posted at 23/1/2023 12:52 by pwhite73
Z1CO - "someone bought 100,000 @ 9.20p and he's not once mentioned it"

On the AIM buys are of little or no significance. A share price rises on the supply and demand principle. In order for a share price to rise there must be more buyers over time than sellers. A listed company has an endless supply of shares authorised annually through the AGM. Therefore technically demand can never really outstrip supply except in special circumstances like a takeover or the company cannot issue anymore shares.

This is why for virtually all AIM companies overtime there is a permanent slide downwards even in the face of positive news. This is not the same for FTSE100 or even FTSE 250 stocks as virtually all placings even mid-year require the explicit permission of the major shareholders.

Posted at 22/1/2023 12:08 by z1co
Share price increased by 50% after the trading update and it's now consolidating at a higher level before the next rise.The share price has already started to rerate and this will continue throughout this year.

Stop making a fool of yourself you clown.

Posted at 18/1/2023 14:31 by knigel
Re the other thread - yes it be great to see directors buying as it’s a good sign - but it doesn’t immediately mean a rise in the share price eg directors keep buying BOOM shares non stop for weeks on end and still the share price kept falling - logic sometimes doesn’t exist with the markets - I guess another good trading update March/April time might ensure the move back towards 20p happens - there’s no rush as this isn’t an quick trading share imho
Posted at 18/1/2023 11:39 by intoodeep
Zico, nice post. I think that back in Jan 2022 no one could foresee the road crash that was coming re out of control overheads that the then CEO just ignored hoping no one else would be bothered by it which worked fine until the interim results were published and clearly someone (either within CSFS or the NOMAD) spotted the gaping hole in the bottom that had been created. 40p at the time was a huge discount to the earlier IPO and looked great value with the very bullish CEO pushing all the right buttons. After Interims market priced CSFS as a total financial basket case (a bit ironic of a business that specialises in financial transactions) and the share price fell off a cliff all the way down to 6p placing. So we've seen both extremes in just 12 months here. Somewhere in the middle must be about right and fits Hardman's current projections @20p which I think will be upgraded further once we get Q1 performance confirmed.
Posted at 18/1/2023 09:05 by knigel
Even quicker !!! This is the established thread - but if people want to read repeats that’s fine -
Let me tell you something - only idiots trade based on BB comments - they almost never make a difference - only to be used for discussion or info and one of many tools before deciding to invest or sell - seriously people are deluded if they think they make people trade or effect the share price. Volume and RNS news effect the share price. Have a good day - some of us have a day job..

Posted at 16/1/2023 12:10 by z1co
rough

He's just another troll ,he can't help himself.

Anyway back to CSFS the share price will continue to rerate higher because they are significantly undervalued.

To remind newcomers these shares were admitted on the AIM in April 2021 at 61p and the company was capitalised at £12.4m.At the time revenue was only £1.66m and they were making losses.

This year they will achieve a revenue of at least £7.2m and will become profitable from H2 and yet their market value is only still less than £4m.

Even if the share price was at 27p the market cap will only be same as when they were admitted on AIM ie £12m.

Posted at 15/1/2023 14:30 by z1co
!FOLLOWFEED
The shares were admitted on the 06/04/2021 at 61p with a market capitalisation of £12.4m.

The share price will start to rerate significantly on the back of the latest trading statement:

11 January 2023

Trading Update - Ahead of Expectations

Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to provide the following unaudited update on trading for the year ended 31 December 2022.

As noted in the trading update announcement on 17 November 2022, the Group had experienced strong trading momentum through the year and expected total revenue for 2022 of GBP4.3m. The Group is pleased to report that this strong momentum continued through to the year end. As a result, the Group now expects to report total revenue for 2022 of approximately GBP4.8m, representing 109% growth over 2021 and being 12% ahead of market expectations.

The strong trading at the end of the year was across the Group's business. Accordingly, the growth in revenue for the year continues to be driven by clients that the Group serves directly, which is expected to account for approximately 78% of total revenue (2021: 56%) , and gross margin is expected to improve to approximately 61% for 2022 compared with 52% for 2021.

James Hickman, CEO of Cornerstone, said: "We are extremely pleased to see our unaudited revenue more than double in 2022. This increase comes across all business areas as we continue to maintain our revenue focus. We are excited by the prospects for the Group in 2023 and beyond and look forward to updating the market on further developments during the year." .

James Hickman the CEO's interviews:

https://audioboom.com/posts/8228243-midweek-takeaway-featuring-james-hickman-ceo-of-cornerstone-fs-aim-csfs



https://www.proactiveinvestors.co.uk/companies/news/1002955/cornerstone-fs-achieves-significant-increase-in-margin-1002955.html


James Hickman has said in the interviews that the business had an " exceptional " December for both in terms of revenue and registrations and this momentum has carried through in to January.


.

Posted at 17/8/2022 08:51 by intoodeep
CSFS Shares in Issue 43,301,199
CSFS Market Cap £4,663,539
CSFS Share Price £0.108

And yet no one is buying? WTF is going on?

Cornerstone Fs share price data is direct from the London Stock Exchange
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