Csf Group Share Discussion Threads

[kev0856153] 11/5/2018 16:14

This looks to be a well established business.
Is this profitable after the disposal?

[dave4545] 11/5/2018 11:19

They've got it back already for a nice profit, hard life being a mm

Will you make 2 million a day or just the one ???

[gspanner] 11/5/2018 10:22

Yes me, quite pleased with that! Hovever don’t think another 150k will be filled.

[dave4545] 11/5/2018 10:14

300k buy on Nex on the dip at 1.9p when 1.6-1.9p

[dave4545] 11/5/2018 08:57

Thanks Stemis for your post above clearing up the liabilities

[dave4545] 11/5/2018 08:51

1.74-2.05p

Terrible spread.

I hope nobody sells this low

[stemis] 11/5/2018 08:35

don't forget the Net liabilities as at 30 September 2017 of RM69.1m (£12.3m*)

If you look at the detailed balance sheet it includes Assets classified as held for sale of £11.5m and Liabilities directly associated with assets classified as held for sale of £33.3m.

If you then look at Note 8 it says "The assets and liabilities classified as held for sale are in respect of CSF CX Sdn Bhd ("CSF CX"), a wholly-owned subsidiary of the Group. The Group is in the process of completing the disposal of CSF CX pursuant to the Share Purchase Agreement (the "Share SPA") entered into between CSF International Limited ("CSFI"), a wholly-owned subsidiary of CSF Group Plc and BDC AssetCo Pte Ltd ("BAC", or the "Purchaser"), an investee company of Bain Capital Partners Asia Fund III and Bridge Data Centres (International) Pte Ltd, on 28 September 2017".

On 10 May this transaction completed.

So remove assets of £11.5m and liabilities of £33.3m from the net liabilities of £12.3m and you get net assets of £9.5m

[orinocor] 10/5/2018 22:08

euclid5, That position is turned on its head after the disposal. It's now a positive net asset value of 10 million sterling or that ball park. It might be more because csfg also get a million pounds.
Look for the part where assets / liabilities are classified as for sale that will make it easier.

[euclid5] 10/5/2018 21:43

don't forget the Net liabilities as at 30 September 2017 of RM69.1m (£12.3m*)

Can anyone shed any further light on this?

[shirley83] 10/5/2018 16:10

Sold at a small loss.. Nevermind

[stemis] 10/5/2018 16:02

I'm guessing there are a lot of stale holders here who are no longer interested and are just happy to sell into any rise and any buying. I've had these nearly 6 years. My recent purchase increased my holding 10 fold but still cost less than my original stake...

[dave4545] 10/5/2018 15:51

mm's doing what they do best, rip people off, charging premiums to buy one minute then discounts to sell the next.

[orinocor] 10/5/2018 15:28

On the basis this looks cheap at double the price I'm in!

[orinocor] 10/5/2018 15:28

On the basis this looks cheap at double the price I'm in!

[stemis] 10/5/2018 12:21

Had a little nibble here. This does ridiculously priced. Market cap = £3.6m. Net asset value post disposal is £9.5m, including £11.0m cash. Profit from ongoing operations about £0.5m.

Not sure I wholly trust management with my money otherwise I'd be in much bigger.

[philjeans] 10/5/2018 10:52

Happy to hold here - business has been transformed today;

loss making data centres sold for cash

losses stemmed or dramatically reduced

huge liabilities for leases cleared

freed up management and staff to concentrate on remaining business.

added £1M cash to existing credit balances of £10.8 Million

Now a cash rich shell with several directors and investors holding significant stakes

Offer to come for quick buyout or RTO will be backed in this quoted business.

All for M/C £3M.

Bargain. DYOR.

[shirley83] 10/5/2018 10:45

Been here early on made a good wad but its fools gold.. Hold for the long term

[dave4545] 10/5/2018 10:38

Shirley8310 May '18 - 10:29 - 2025 of 2026 (Filtered)

[dave4545] 10/5/2018 10:38

Your pathetic

You pump and dump every day and anything you miss you deramp it.

[shirley83] 10/5/2018 10:29

Must be a big seer in the background.. People getting trapped

[sigora] 10/5/2018 10:24

just seen it huge buy for a stock like this few more and we might see a silly spike

[dave4545] 10/5/2018 10:16

Thank you. Held 350k which is dangerous given how illquid this is. Got badly burned in a few lately holding size in stocks where they only bid for say 10k NMS so this makes up for that.

That was a brave person buying 500k at 2.3p when 2.1p offer earlier

[sigora] 10/5/2018 10:10

well done m8