Csf Group Share Discussion Threads

[battlebus2] 17/4/2012 16:07

Very strong given the couple of larger sales which a few days ago would certainly have knocked the shares.

[rivaldo] 17/4/2012 16:05

667k shares traded today. so CSF seems to be holding nice and steady on decent volumes.

Agreed GHF. I can't see CFSG staying at these levels for long. Give the fund managers a little while to act on their recommendations following the trading update and things should get interesting.

[glasshalfull] 13/4/2012 18:28

My portfolio wishes is was Friday 13th every day!

I haven't checked brokers forecasts but remember that Cenkos had 6.4p EPS for year gone and had 6.4p for current year and thereafter growth to accelerate as tenancy of CX5 is complete and operational gearing kicks in.

Given the prospects here I reckon they are still significantly undervalued despite the tick up today and that some of the larger players must be casting an eye and consideration as an acquisition target given their foothold in SE Asia.

Regards,
GHF

[rivaldo] 13/4/2012 16:02

Continued good reaction to the RNS. I wonder if Cenkos have commented at all?

[rivaldo] 13/4/2012 10:27

50k just bought at the full 48p offer, and looking promising online. You can only buy 10k max at 47.5p, but you can sell quite a few more at 46.72p.

[battlebus2] 13/4/2012 08:27

Yep a long way back to 60p so room for a few more nice starts :))

[rivaldo] 13/4/2012 08:18

Nice start...

[rivaldo] 12/4/2012 19:28

Cheers GHF. The historic P/E is actually 7.2 assuming 6.4p EPS - and this for a data centre provider? It's ridiculous when you look at the ratings of TCY etc - even allowing for a hefty "overseas" discount you'd have to say that the share price could be anywhere from 50%-100% higher.

And in a huge, relatively stable, fast-growing economy like Malaysia too.

I note that Mark Slater's fund have 1.3m shares and were in at IPO - a very good sign.

[glasshalfull] 12/4/2012 15:50

Nice reassuring statement and confirmation of a decent D/V which is slightly higher than last year and confirms a yield exceeding 4%...lovely.

Good to see you join the party rivaldo. Nice timing.

I reckon this statement is a precursor to further good news given the positive tone and think that once they confirm tenants for Blocks B & C of CX5 we'll be off to the races.

Still far too cheap when you consider the strong growth in SE Asia and increasing demand for data storage. Especially when you consider they are trading on a single digit PER, lots of net cash and recurring revenue model.

Regards
GHF

[rivaldo] 12/4/2012 12:36

Moving up smoothly now - nice small 1p published spread at 45p-46p.

[affc21] 12/4/2012 10:24

Bid/Offer spread is now 44.25p/46p via Selftrade.

[affc21] 12/4/2012 10:16

I presume the chunky spread is due to the mm's playing safe, seeing as these shares are lightly traded. Although it is possible to buy within the shown spread.



Nice reassuring update this morning, with the the tenancy of Block A of CX5 having recently commenced. And what looks like some interest shown in Blocks B and C via potential tenants.
"We see particular opportunities within our data centre rental segment driven by the specific requirements for data centre space indicated by certain telecommunications and multimedia companies based in the South East Asia region and also in the USA".

I have not noticed "telecommunications and multimedia companies based in the USA" mentioned before in their previous RNS(s). So have we a specific USA company (or companies) showing some interest in Blocks B and C...

[henryatkin] 12/4/2012 09:42

So why the chunky spread?

[rivaldo] 12/4/2012 09:19

Excellent update, and a great dividend which equates to around 4.3%! I've topped up with a further 15k.

If this had been released at 7.00 I suspect the reaction would have been much sharper. As it is, imo investors have an opportunity to get in whilst others are asleep.

[battlebus2] 12/4/2012 08:48

Yep inline and the divi nearly 2p. Certainly worth more than the current S.P.

[stegrego] 12/4/2012 08:45

What is it with companies putting out TUs at 8 30????? Stupid IMO.

Decent update and looking good going forward. Divi is nice too.

[affc21] 05/4/2012 18:39

www.walter-rhodes.com

sorry but still can not open the Walter Rhodes website...

Happy to be corrected, but seems to me that they may not be a going concern now...If that is the case then CSFG are obviously better of without them as tenants.

[weelshgit] 05/4/2012 17:48

Walter Rhodes decided not to use CSFs data centres and used an alternative. They were going to take a whole floor....

[affc21] 05/4/2012 17:29

Some interest shown here today. Be interesting to see if the buying continues into the new tax year...

[affc21] 03/4/2012 08:56

Interesting write up on CSF Group, with the main focus of the article on the new CX5 Data Centre.


CSF Group Launches Largest Commercial Green Data Centre in South East Asia:

Dated: Monday, January 9, 2012

Cyberjaya, MALAYSIA (9 January 2012) – CSF Group plc (AIM: CSFG), the leading provider of data centre facilities and services in Southeast Asia and the largest provider of data centre services in Malaysia, today launched CSF Computer Exchange 5 (CX5), Malaysia's first commercial green data centre and the largest facility of its kind in Southeast Asia.

Located in Cyberjaya, CX5 is a carrier-neutral high end purpose built data centre which consists of three blocks of 4-storey buildings and a Class A office block. It offers 201,000 square feet of net data centre floor space and a gross floor area of approximately 580,000 square feet. The facility is one of three data centres developed and operated by CSF Group in Cyberjaya.

(Group photograph of the following:)
L-R Adrian Yong, President and Group CEO, CSF Group and YB Datuk Seri Dr. Maximus Ongkili, Minister, MOSTI

CX5 has been awarded the provisional Green Building Index (GBI) Certified Rating which recognises the facility as a green, sustainable building that has satisfied certain requirements as determined by the GBI Accreditation Panel. These requirements include among others factors such as the ability to provide energy savings, water savings, a healthier indoor environment, better connectivity to public transport, the adoption of recycling and greenery for their projects, and reducing impact on the environment.

"We started our first data centre, CX1, 10 years ago in 2002. It has been a decade of achievements and innovation and with the launch of CX5 today, we now operate the largest commercial GBI Certified Rating data centre in Southeast Asia. CX5 is part of our growth strategy to provide world-class data centre facilities to our customers," said Adrian Yong, CSF Group President and CEO.

Classified as a Tier 3 data centre, CX5 is designed to host mission critical servers and computer systems. The data centre is TIA-942 compliant and is equipped with fully redundant subsystems including cooling, power, network links, storage and stringent physical security features. Provisions are made in CX5 to be expandable to dual active power sources to the data centre. Two (2) onsite utility power stations are already constructed and mirrored duplication of Mechanical & Electrical plant rooms are ready on each data centre floors for the future upgrading works. All three of CSF Group's high-end carrier neutral data centres in Cyberjaya -- CX1, CX2 and now CX5 -- are linked to a dual-ring electrical grid and advanced fibre connectivity.

CSF Group is one of the project owners of the Entry Point Project 3 (EPP 3) under the Business Services NKEA of the country's Economic Transformation Programme. The Malaysian government has identified data centre business as a significant contributor to the country's economic growth, with a projection that this sector will contribute RM2.4 billion to Gross National Income and create about 13,000 jobs by 2020.

"As global demand for IT services such as hosting and shared services outsourcing continue to rise, CSF Group is well poised to capitalise on this growth opportunity and help position Malaysia as a world-class data centre hub," said Yang Berhormat Datuk Seri Panglima Dr. Maximus Ongkili, Minister of Science, Technology and Innovation.

Gearing for Regional Expansion
In its financial results for the first half of financial year 2012 announced on 28 November 2011, CSF Group posted revenues of RM91.7 million compared to RM46.6 million in the first half of 2011. This represented a revenue growth of 96.8 percent. According to Yong, the Group has achieved outstanding financial results even in a global economic climate that continues to be uncertain.

"We are on the right track to achieve profitable growth and increasing sustainable revenues while investing in the longer-term core assets of the business – our expertise, our employees and our customers," said Yong.

"With CX5 we are raising the bar as one of the largest providers of reliable, secure data centre space together with expertise in infrastructure services for our customers in Malaysia and the Asian region. We are focused on expanding our footprint into the region, with more high-end commercial data centres in the pipeline in China, India, Singapore, Thailand and Vietnam," added Yong.

CSF Group currently has more than 200 customers in the region. These tenants comprise companies involved in various industries including government, telecommunications, banking, insurance, automotive, oil and gas, food and beverage, travel, manufacturing and information technology.

发表 773; SC Cyberworld

标签A306; CSF Group

[affc21] 02/4/2012 12:43

Changing the subject, we should be getting a 4.5% dividend this month (last years dividend was paid out on 29 April)...

[affc21] 02/4/2012 12:22

Hmmm, still unable to open the Walter Rhodes web page, might be jumping to conclusions here, but perhaps Walter Rhodes may no longer be a solvent company. Which may explain them pulling out of the tenancy for CX5 Block A...

[affc21] 01/4/2012 21:44

Found some info regarding the Walter company that dugganjoe mentioned,

Full company name - Walter Rhodes Data Services Sdn Bhd.


Below is copied from the CSFG Admission To AIM document (page 14):

CX5
Following the success of the first three CX data centres the Directors identified further demand for
high specification data centre space in Cyberjaya and, in January 2010, the Company entered into a
partnership agreement and memorandum of understanding with the parties for the development of a
201,000 net sq. ft. data centre in Cyberjaya, CX5. CX5 will have a higher technical specification than
the existing CX data centres, in particular a significantly higher power density. The Group is working
with IDCB, a company established by a principal of Walter Rhodes Shd Bhd, a business advisory and
outsourcing company, to develop the new facility. Walter Rhodes Sdn Bhd had been in discussion with
CSF during 2009 about obtaining additional data centre space in Cyberjaya. The Group's role is to
project manage the design and construction of the facility and it is the intention that the Group will
manage the facility upon completion.
The Group will provide finance of up to RM80 million (approximately £16 million) to expedite the
initial development, the remainder of the finance being procured by IDCB. The centre is being
constructed in three blocks which will be completed and commissioned independently according to
demand. Construction is expected to begin within months of Admission and the first block of the
building is expected to be commissioned in late 2011. It is intended that Walter Rhodes Sdn Bhd will
be the tenant for the first block and the Group will source tenants for the second and third blocks.



----------------


Walter Rhodes Data Services Sdn Bhd home website (although unable to open their home web page at present):

[druinsky] 30/3/2012 16:19

OPG followers







37% hike YAAAAAA BABAY!!!!! WHOS YA DADDY!!!

[affc21] 30/3/2012 15:05

DCD Global Census Growth Figures document (for 2011 / 2012):



Why is the Data center beating the global recession?

• World is becoming more IT dependent. Even in 'developed' economies still
considerable room for expansion of IT functions within businesses, Government
and society.
• In 5 years the number of Internet users has jumped from 1.043 billion users (16% of
the world's population, June 2006) to 2.11 billion (30%, June 2011) (source: Internet
World Stats).
• The number of smartphones is projected to rise from 500 million in 2011 to 2 billion
by 2015 (International Telecommunications Union).
• In August 1995 there were 18000 websites, by 2009 this had risen to 215 million
(Netcraft estimate).

Full article: