Csf Group Share Discussion Threads

[hemel] 09/3/2011 10:47

about SWFs in general

[simon gordon] 09/3/2011 10:40

You'd think the Malaysian sovereign wealth fund would have needed a guide on trading before they bought 4m shares. Remember this fund bought one of the data centres and leased it back to CSFG, they have a very close business relationship.

[restassured] 09/3/2011 10:34

Either serious insider trading or the buying opportunity of a lifetime.

The co will likely issue a statement re the share price.

[nurdin] 09/3/2011 10:31

This is getting very painful now

[simon gordon] 09/3/2011 09:35

This share has got the flu; high fever and puking up all over the place. Could today be the day when the fever breaks and the share stops falling due to the technical reasons of RHPS & Insider Selling. For an illiquid small cap you couldn't have asked for a more potent punch. At least there is no sign of any fundamental problems. Just going to be a matter of patience whilst a new audience of shareholders is rebuilt. CSFG must have lost a couple of hundred shareholders with what has transpired in the last couple of weeks.

[restassured] 09/3/2011 09:24

Kok suckers all of them

[battlebus2] 09/3/2011 09:23

LOL choking more like!

[restassured] 09/3/2011 09:17

The mm's are chooing kok

[battlebus2] 09/3/2011 09:08

Yes i think that's the problem as no news scares people when shares are falling not the same when they are rising. Would they have bought at 60p if they believed the shares weren't value i think not.

[stegrego] 09/3/2011 09:05

Just looks like low volume selling on people running from director sells.

[hemel] 09/3/2011 09:03

I got a few at 57p.

[restassured] 09/3/2011 08:48

I thought it was Choo and Kok.

Or was is Kok and Choo?

[tech] 09/3/2011 08:40

Could be that more shares will be off loaded by Cheng and Choo

[battlebus2] 09/3/2011 08:35

Waiting to add now 57p for 10k.

[stegrego] 09/3/2011 08:32

Well no rns re who has bought the shares so therefore it isnt common knowledge.
Thanks for the note GHF.

[nurdin] 09/3/2011 08:30

..and yet the price keeps dropping.Quite amazing

[restassured] 08/3/2011 20:59

Cakehole is smoking crack,his figures are from outer space.


Last research I have seen says the shares are worth 150p and trade at at a significant discount to its peers.

[battlebus2] 08/3/2011 20:46

Buy again in the morning.

[stegrego] 08/3/2011 20:09

It dropped to 60 because of RHPS, not the director sells.

Simon, so that's the buyer of the 4 million buy/sell today then. Looks good news if anything to me.

[simon gordon] 08/3/2011 20:07

Cenkos - 8/3/11:

PNB, a Malaysian sovereign fund has taken a strategic stake in CSF of 4m (2.5%)shares. This development is encouraging as it extends CSF's relationship with one of the country's biggest fund managers which has c£30bn under management. PNB's investment in CSF underlines its standing as the premier player in the SE Asian region in a market set to experience a period of sustained growth.

CSF shares have come of its highs of three months ago and are currently rated on a cash adjusted PER of just 8.7x falling to 7.0x for FY12.

Looking forward we expect newsflow regarding new contract wins.

[simon gordon] 08/3/2011 19:53

I saw Kibu post on LONR when I was looking at it at 10p, if you'd read and believed his posts you'd never have touched the share. Think it's currently c.17p. When he takes against a share he posts heavy bear arguments. If he spent the time he does posting bear notes to researching bull shares he'd be coining it in. He probably lost a packet and takes it out on other shares....

[battlebus2] 08/3/2011 19:30

Good to have a balanced view. We're all doomed captain mannering!

[simon gordon] 08/3/2011 18:07

Bear point of view posted by Kibu on iii - 8/3/11:

Some thoughts on the sustained fall in CSF's share price:

CSF has a lot of short-term debt. Since CSF launched on AIM, Malaysian interest charges have increased by c.20%. The rates could increase further after central bank meetings in KL this week but most analysts seem to think otherwise.

Data centres are energy hungry. Malaysian daily temperatures are between 72 and 91, well above 68-77 recommended meaning additional cooling requirements above operating demands. It's reckoned that energy costs are now as high as the capital cost over their useful lifetime, higher still in hot countries. Prior to CSF's launch oil was below $60 and it's now knocking around $115. Malaysia is unusally high amongst Asian countries in oil consumption for energy. Rising prices are good for local oil company Petronas but not for CSF and its client base.

I've commented before on the extraordinarily high P/E and cash flow challenges in their business model. It's a tricky investment with not much room for absorbing unexpected price increases. I called it at 66 and it fell to 56; at 72 and it fell to 66 (though recovered to 77 before resuming downwards); at 65 and it's now upper 50s. Six months ago UK Analyst said BUY at 76p (AIM and PLUS newsletter, and Red Hot Penny Shares) and enthusiastic buying drove the price to 85 since when it's declined a third.

The latest director selling doesn't inspire confidence although they still own significant quantities. Don't forget though that only a minority of the stock was floated. The current stock price is only a little above the issue price a year ago and the full valuation implied just doesn't match the present fundamentals. Lastly, the flow of real business news has dried up since August.

In conclusion, not too much surprise that the chart looks like it does.

kibu

[simon gordon] 08/3/2011 16:39

I spoke with Cenkos a couple of weeks ago and they expected CSFG to issue a t/u in the first half of April.

If they confirm CX2 is at capacity and they've won more CX5 contracts the share can get motoring again as RHPS are out of the way and the overhang from the lock-ins cleared.

6.7p for 2012 with net cash of c.£25m.

Cenkos have the dividend down as 1.7p for 2011 and 2.2p for 2012.

[5dally] 08/3/2011 16:27

Time to top up I think :-)