Csf Group Share Discussion Threads

[rimmy2000] 27/3/2013 10:55

ok, well i can't vouch for your workings. feel free to add them below. However from advfn (which I also can't vouch for) I have the following:
net assets £42,712,000
cash £18,082,000
debt £73,720,000
mcap £22,800,000

[igoe104] 27/3/2013 10:15

Id value this company at 50p to 55p a share plus looking at cash pile and assets, why would i sell for 15p, poor panic comes to mind from sellers.

[rimmy2000] 27/3/2013 10:01

igoe104,

give us your NAV or estimation of co's value then?

I sold out this morning.

[igoe104] 27/3/2013 09:58

Cant believe someone has sold 150,000 shares at 15p, if this company gets sold on it will be worth a hell of alot than 15p a share, so many plonkers it this world.

[mally6] 27/3/2013 09:13

LOOKING AT THE RNS
During the course of the financial year the Company achieved full occupancy in CX1, CX2, CX3 and Block A of CX5. The Board can confirm it therefore expects reported revenue and profit before tax, before any adjustments that may be required from the events described below, for the year ending 31st March 2013 to be in line with market expectations.
The revenue to be reported for the year ended 31st March 2013, c.RM33m (£7.1m*) relates to two key tenants in Block A of CX5 and CX2. These two key tenants have approached the Group to settle the amounts owed during the financial year ending 31st March 2013 over an extended period of time and negotiate early breaks. The Directors believe that revenue and profits associated with these tenants in its financial statements for the financial year ending 31st March 2013 will most likely have to be provided for in full and will lead to a significant reduction in the Company's profit expectations for the financial year ending 31st March 2013 and the following year


so the reduction in profits is only relatedto 2 tenants of block a cx5 and cx2
everything else seems to be progressing well and 14.5 mill in cash which is a slight increase from last year.
does this cater for a 40% drop in share price expecting a big bounce back here

[itchycrack] 27/3/2013 08:39

Disappointing yes, but certainly not the end of the world, especially in one of the fastest growing sectors at the moment. I've been in buying a load more on this dip.

[battlebus2] 27/3/2013 08:18

Yes should have listened to GHF rather than burying my head in the sand, can't win them all i suppose :)) Only a few days to April 5th!

[monkeymagic3] 27/3/2013 08:11

Let it settle BB2.

[battlebus2] 27/3/2013 08:04

Opening 30% lower ,what a bummer, may average down or is that throwing money into the wind.

[igoe104] 27/3/2013 08:02

For sale sign wouldnt be a bad thing,should get alot more than its current price. the management have handled cx6 poorly in letting a customer mess them around.

[battlebus2] 27/3/2013 07:38

Not panicing just yet, still value in this business. 49p needed for breakeven!

[monkeymagic3] 27/3/2013 07:37

Good luck all but glad I am out.

[rivaldo] 27/3/2013 07:16

Trading update out. Pretty self-explanatory. Just glad my stake is reasonably small (and quite a lot smaller now than it was).

However, the good news is the strategic review to maximise value for shareholders.

CSFG does have 45p per share of TNAV, including now around 9p per share pf cash, plus of course the data centre business itself. I'd think an easy entry into the South-East Asian data centre market, plus those tangible assets, would have serious attraction to players in the sector.

[glasshalfull] 27/3/2013 07:12

For sale sign going up?



Good luck all holders...last time I'll be looking in here with CSFG now joining the ranks of serial disappointers.

Regards,
GHF

[gspanner] 20/3/2013 12:10

Yes, if the divi is maintained at current levels, (or even increases) becomes a bit of a no brainer with a 7.4% yield as well as the growth prospects.

We'll see.

[igoe104] 18/3/2013 17:47

At least next month will hear the first bit of news for a while with a Dividend
annoucement. should be paid end april/early may. we could do with some positive news too go with it to get some sort of life back into this share.

[igoe104] 16/3/2013 13:56

Surely this wont stay at this level too much longer, its hardly a mickey mouse mining/oil stock, csfg has assets and cash.

Surely nothing has changed from the the last write-up.

[diku] 26/2/2013 14:08

A bit of buying in a down market day....3 months of price consolidation trading in a tight range hence lack of volume.....

[gspanner] 26/2/2013 11:58

That is what I suspect, but have no inside knowledge etc to back that up. We'll see.

[diku] 25/2/2013 22:17

Do you mean like 40p a share?....

[gspanner] 25/2/2013 21:20

IMO in the not too distant future we will be offered a moderate premium to the current price ( no where near what it's actually worth) and the company will be taken private. Hope not, but the complete lack of engagement usually heralds something like that

[monkeymagic3] 18/2/2013 10:41

Apologies, I have just realised that I never posted the response from CSFG investor relations re the CX6 delay. It was sent on the 30th Jan so things may have changed now. DYOR.

Sent: Wednesday, 30 January 2013, 9:23
Subject: RE: Enquiry

Dear Mr Anderson

Thank you for your e-mail.

Our response to your query is as follows:

The revised proposal for the development of CX6 is still being reviewed by the customer. The contract to develop CX6 has not been awarded to CSF yet.

Please let us know if you require any further clarification.

Best regards,
King Loon, LeeExecutive Vice President / Chief Financial Officer

[johnv] 12/2/2013 12:31

Interesting how techinvest have completely ignored csf, the only time they have mentioned them was in aug2011 as a comment in their miscellany section.

[igoe104] 12/2/2013 12:04

Its strange, how you delay a project for a customer, so a building can be expanded for their own needs and they havent even signed up for it, very odd way of doing business?