Csf Group Share Discussion Threads

[igoe104] 02/10/2012 09:41

Me neither stegrego i wasnt aware of cx6.

your right about these short-termers who are trying to nick 10% etc, id rather they bogged off to another share, all they do is make the share volatile.

this share now is massively undervalued.

ps i think the company should had stated cx6 delays will have very little impact on results anyway.

[stegrego] 02/10/2012 09:38

The last results and outlook didn't even mention CX6 either...

[monkeymagic3] 02/10/2012 09:37

Shame but it's true. Oh well, wait for it to settle and a top or two for me.

[stegrego] 02/10/2012 09:34

This is the first I've even heard of CX6, but that's probably just me being thick.

MM3, I didn't doubt the sell off bearing in mind that people's long term these days is about a week and a half!

[rivaldo] 02/10/2012 09:28

It's worth noting that Cenkos' note dated 4th July makes no reference to income from CX6 at all AFAICS, with everything about the project TBC apart from the 70k floor space and the power capacity.

It's quite possible imo that the broker forecasts this year (5.2p EPS and a 2p divi) include absolutely nothing or very little for CX6 given its early stage.

SteMis, the forecasts are for £20.1m rental income, £1.9m maintenance income and £29m design and development income this year. Rental income is rated at a much higher multiple of 10, rather than development income at only 5, in arriving at Cenkos' fair value of 80p and longer-term value of well over 100p as the data center assets move into significant profits.

[monkeymagic3] 02/10/2012 09:21

Guess I was right stegrego!

[stemis] 02/10/2012 09:03

Yeah because it's already on a pe 30 and share price at an all time high..... Sheesh

Are you being sarcastic?

Does anyone know what other development revenue we are expecting in 2012/13?

[stegrego] 02/10/2012 09:02

It may be Jam tomorrow, but it's guaranteed to be a much bigger jar when it arrives. The short termism of the market never fails to amuse.

[yellowdog] 02/10/2012 08:54

could someone explain please what effect this will have on the next results etc

[gymfit] 02/10/2012 08:52

I read todays statement as saying jam next decade but thin and watery smelly gruel today and tomorrow


didnt like the "And beyond " bit - revenue will be recognised next year and beyond

[monkeymagic3] 02/10/2012 07:59

Fair point!

[stegrego] 02/10/2012 07:57

Yeah because it's already on a pe 30 and share price at an all time high..... Sheesh

[monkeymagic3] 02/10/2012 07:46

Short termers will punish share price today.

[battlebus2] 02/10/2012 07:43

Yep better to expand than not, all good imv.

[rivaldo] 02/10/2012 07:31

Good news - the size of CX6 is being hugely expanded. Bad news - development revenues from it will therefore be delayed.

More good news - data centre rental and maintenance revenues are in line with expectations:



It's obviously good news for the company over time, which hopefully will focus the market's mind more than the consequent delay in revenues. It may not though, given some investors' timeframes.

[rivaldo] 19/9/2012 11:37

Last year's H1 trading update was on 22nd September, so hopefully we'll get one any day now or at least in the next week or two.

The recent outlook statements have been confident, so I'm looking forward to the forthcoming one.

The share price has drifted and lost almost all the gains made since the receipt of the £17.2m of cash. In a way I'm hoping that the drift will continue as we get close to the trading statement in case top-ups are on the cards.

[rivaldo] 07/9/2012 07:18

In summary, following this week's cash receipt, CSFG now has:

M/cap : £79m
Net cash : £21m

The m/cap net of cash is therefore £58m. This compares with a forecast PBT this year of £10.5m and of £13m for next year.

EBITDA is even better, with forecasts of £11.6m and £13.3m against that £58m.

Enough said.

[rivaldo] 05/9/2012 19:07

Final tally of 1.75m shares traded today - very healthy indeed.

Some coverage too:



"CSF has big pay day
By Michael Millar
Wed 05 Sep 2012

LONDON (SHARECAST) - CSF, a provider of data services in South East Asia, said it had received a substantial fee for work on a data centre in the region.

The firm said Integrated DC Builders, the developer of the 'CX5' data centre, had paid it 85m Malaysian ringgits (RM) - around £17.2m.

The money came from repayment of advances, the payment of a turnkey fee, and for the work CSF carried out.

The firm said following the payment its total cash balance was RM102m, about £20.6m, as at 4 September 2012.

"We are delighted to have received this substantial payment for our work on CX5, which is one of the most technically advanced data centres in the region," said Adrian Yong, Chief Executive of CSF.

"Our teams continue to market CX5 internationally and we continue to see high levels of demand across our core markets.""

[rivaldo] 05/9/2012 14:43

Perfect timing bnumber. Agreed about the "much, much further to go" - now that any worries about the cash receipt have been resolved we could have quite a re-rating in store.

[b3842517] 05/9/2012 13:44

I've been adding for the past few weeks and reached a level I was comfortable with at the end of last week, so won't be adding any more for a while.

Lovely to see a 10% jump, but much, much further to go in my opinion.

[rivaldo] 05/9/2012 11:15

Crikey - 1.5m shares now traded, with 200,000 just bought at 50p....

[rivaldo] 05/9/2012 10:29

Encouraging to see this rise on over 900,000 shares traded already today. It's obvious there's been an overhang, but this should help to clear it quickly.

The removal of any uncertainty over this cash receipt may be just what the institutions have been waiting to hear.

[battlebus2] 05/9/2012 09:31

Delayed payment's are always a doubt with these co's so great to see they have a handle on things.

[gspanner] 05/9/2012 09:26

Thank you Battlebus, good to see that 'due course' was adhered to.