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CSFS Cornerstone Fs Plc

30.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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% 30.00 63,677 07:41:24
Bid Price Offer Price High Price Low Price Open Price
29.00 31.00 30.00 30.00 30.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Catalog, Mail-order Houses 4.82M -5.61M -0.0977 -3.07 17.23M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:58:13 O 6,000 29.93 GBX

Cornerstone Fs (CSFS) Latest News

Cornerstone Fs (CSFS) Discussions and Chat

Cornerstone Fs Forums and Chat

Date Time Title Posts
28/3/202412:46At 8p the shares are significantly undervalued2,230
27/3/202418:29Cornerstone fs2,196
28/4/202312:16Cornerstone 31
31/10/202214:20Cornerstone443

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Cornerstone Fs (CSFS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 14:58:1429.936,0001,795.80O
2024-03-28 12:25:0330.808,0842,489.87O
2024-03-28 11:24:2630.6025,0007,650.00O
2024-03-28 11:05:0929.882,426724.89O
2024-03-28 10:32:2230.6017,4005,323.53O

Cornerstone Fs (CSFS) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Cornerstone Fs Daily Update
Cornerstone Fs Plc is listed in the Catalog, Mail-order Houses sector of the London Stock Exchange with ticker CSFS. The last closing price for Cornerstone Fs was 30p.
Cornerstone Fs currently has 57,417,101 shares in issue. The market capitalisation of Cornerstone Fs is £17,225,130.
Cornerstone Fs has a price to earnings ratio (PE ratio) of -3.07.
This morning CSFS shares opened at 30p
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 Capital

Cornerstone 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 10/1/2024 09:37 by pwhite73
The free float for this stock is very limited at only 34%. 66% is held by major shareholders.

Basically what they're doing is publishing unverifiable improvements in trading. Every update is an improvement on market expectations. Well market expectations can't be very good if they're getting it wrong every bloody time.

The positive trading updates are having an exponential effect on the share price due to the limited free float (34%). There has been a 500% increase in the share price from 6p but this is not reflected in the improvement in trading even if you believed their figures which I would treat with caution.

RNS 10/01/23 - "With the increase in revenue and gross margin, as well as continued careful management of the cost base, the Group expects to report adjusted EBITDA for 2023 of not less than GBP1.4m, which is significantly ahead of current market expectations, compared with an adjusted EBITDA loss of GBP0.9m for the previous year."

I have serious doubts about their entire operations. Be careful
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.
Posted at 18/10/2023 13:25 by dupont56
Share price targets


Aimchaos - 25-30p by end of Jan [200% of the current share price in 3 months]


SP Angel - 44p based on old forecasts [308% of the current share price


Shore Capital - to be seen when the note is released any time now. I'm sure it will be over 60p [420% of the current share price].


Time to buy is now, when there has been a pullback before the next news.
Cornerstone Fs share price data is direct from the London Stock Exchange

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