Csf Group Share Discussion Threads

[dave4545] 10/5/2018 09:08

Got my free ride with a nice profit too. Left sell orders in the 3's and 4's just incase something silly happens with what I have left.

[sigora] 10/5/2018 08:46

joined the fun here

[dave4545] 10/5/2018 08:33

Cannot buy online at 2p, be nice if this one did something silly again, could do
with a big winner been a while

[philjeans] 10/5/2018 08:21

Read last balance sheet - all in the small print.

[dave4545] 10/5/2018 08:18

Any idea how much liabilities get reduced by ?

[philjeans] 10/5/2018 08:17

Excellent news - another £1M cash in the bank and a huge reduction in liabilities and losses!

Cash shell now.

M/C £2m

Net cash now £11.3M !!!

BUY

[dave4545] 10/5/2018 08:00

Done deal. Wake up mm's and punters !

Completion of disposal

Following the Company's announcements on 12 September 2017, 28 September 2017, 1 November 2017 and 30 April 2018, pertaining to the conditional disposal (the "Disposal") of CSF CX Sdn Bhd ("CSF CX"), CSF announces that it has received confirmation from Bridge Data Centres Malaysia Holdings Sdn Bhd (the "Purchaser") that all conditions precedent to the Share Sale and Purchase Agreement have been fulfilled and the Disposal of CSF CX has now completed. The Disposal is therefore no longer capable of reversal under the terms of the Share Sale and Purchase Agreement.

The return to the Group of cash deposits lodged by the Group for banking facilities and rental deposits, which are currently estimated to amount to be approximately up to RM6 million (GBP1.0 million at current exchange rates), in connection with the CX2 and CX5 data centres is anticipated to occur in June 2018.

The Company will provide further updates regarding the return of Group cash deposits as and when appropriate.

For further information, please contact:

[dave4545] 08/5/2018 10:19

Will the herd return? Can still buy at 1.55p after that 170k buy at 1.54p

[dave4545] 30/4/2018 14:59

We'll see

But there is 4 week window before the deal is done and if I'm not mistaken there should be a substantial reduction in liabilities so with a big cash pile showing next to a low market cap I think the herd will chase it back up towards 3p or more on the next Rns providing it's a done deal

[sigora] 30/4/2018 12:16

good timing dave

[dave4545] 30/4/2018 11:23

Bought back in at 1.4p, just incase some madness returns here. It's been dead for 6 months. Remember the mad days when it went from 1p to 6p then back to 2p then back to 6p again so on and so on

[wolf9] 02/1/2018 15:18

A firmer business footing here should see the share price recover into double digits imo.

[knigel] 02/1/2018 13:19

In time.. But the share price has been in this range for a while now excluding the spike seen last year. Good time to add though

[wolf9] 02/1/2018 13:05

Sale completion could come out of the blue at any time which should cause the share price to go to a more respectful level. Patience could pay off handsomely here imo. Gla

[dave4545] 13/12/2017 08:58

It would not surprise me if this reverses the loss because the market and market makers have not looked past the initial numbers.

The seller at 1p has panicked, they will regret that later

[wolf9] 13/12/2017 08:45

A good recovery play imo

[stemis] 13/12/2017 08:32

Interesting results.

Although superficially the situation looks very poor; net loss of £2.5m and net liabilities of £12.3m, the underlying position looks much better; profit from continuing operations of £233k and continuing net assets (excluding those held pending the disposal) of £9.5m, including cash of £11m).

Completion of the disposal of CX2 and CX5 is clearly key. When that occurs the market may move to a more rational valuation. 5-10p quite possible...

[knigel] 01/11/2017 11:24

Yep. Worth 149p apparently pmsl
(but 5-10p within a year quite possible)

[dave4545] 01/11/2017 11:20

These type of deals are sometimes better than cash deals. Removes a lot of liabilities and improves the balance sheet greatly.

No signs of the Aim madness returning just yet but I have left sell orders at much higher levels just incase. If it got 30% up I'm sure the herd will return and the LSE pump and dump squad all take over again.

[knigel] 01/11/2017 11:16

Fair play, seems positive and market likes the news.
Shame, I was going to make a 33p offer but someone beat me to it with an improved offer of 34p :-)

[philjeans] 01/11/2017 11:04

Yes - all going to plan it seems.

[wolf9] 01/11/2017 09:58

That's positive news from the company today

[cudmore] 01/11/2017 09:01

Up on no trades!!!

[wolf9] 25/10/2017 07:27

News should not be far away now, could transform the prospects here

[113mike] 17/10/2017 13:07

SP looks to be returning to 1p?