Csf Group Share Discussion Threads

[dave4545] 23/5/2018 09:11

Nice of the mm's to drop the bid pre market on no sales.

Sending other stocks to the moon but manipulating all of mine currently

[dave4545] 22/5/2018 11:41

And still a few selling for under 2p mad eh

[philjeans] 22/5/2018 11:39

I posted this when the sale was confirmed - still holding and adding.



philjeans
10 May '18 - 10:52 - 2029 of 2068 Edit
0 2 0
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.

[wolf9] 22/5/2018 10:57

Interest picking up

[dave4545] 22/5/2018 09:23

2.15p paid on Nex just now

[dave4545] 22/5/2018 08:43

Here we go, nice wide spread to try and kill it before it even starts

[knigel] 22/5/2018 07:44

Dave - agree. I guess some are ready for another boiler room attack on the share here.
Lets see what the next development is here - if news warrants a re-rating - fine. However BB gossip really should not be the way to push a share price higher - at least with WEB there was news to justify the rise. Still expect 2p today though ...

[dave4545] 22/5/2018 07:32

All that matters is it's illiquid and that can drive the price to spike and get the idiots involved when it's top of the leaders board next.

[wolf9] 22/5/2018 07:29

Now making money, very low mc presently, cash available, very positive imo

[knigel] 22/5/2018 07:26

There are reasons why the share price has stayed this low - for years - read back over the last few months. Any way, the share price does appear to be recovering and finding a new level. Double figures? Not without news. 3-4p? Quite likely..

[wolf9] 22/5/2018 07:22

Wouldn't leave any sell orders in here, can see these really taking off dramatically from here, double figures imo

[dave4545] 22/5/2018 07:19

Yep I have my free ride now and have left sell orders way over 100% higher from
here. Just a case of patience.

[stemis] 21/5/2018 22:52

Should really be at least 6p (= tNAV, although cash is actually more)

[dave4545] 21/5/2018 19:16

If it can break 2p again I think this time 3p will come quickly. All the traders long gone so selling has dried up and nibbles starting to move the price a little.

[dave4545] 16/5/2018 15:23

But when you do it on 1000 penny stocks a day it adds up :-))

[stemis] 15/5/2018 15:29

Difference is £340. As a % it's a lot. In £'s, not a lot.

[dave4545] 15/5/2018 08:54

mm's making plenty again

200k+ buy at 1.8p yesterday and today 200k sale at 1.63p on Nex

Easy money, will start to nibble back what I sold above 2.2p if it drops anymore
lower.

[orinocor] 12/5/2018 17:11

The share price does not make sense to me. I don't think the disposal and the implications have registered yet. The share price should be 5-6p not less than 2p. I would not be surprised to see the large shareholders make an offer.

[stemis] 12/5/2018 10:22

In the short term the share price will just be driven by non financial considerations; stale holders, traders, general uncertainty about what's going to happen next. Eventually an orderly market should return. Remember the share price hit 4.5p when news of a possible disposal leaked out back in August. The company have already tried to delist once but it was rejected by shareholders.

I don't know why the buyers of CFS CX don't come back and make an offer for the company. Costs of being a plc are about £200k a year ( so an offer of say 8p would cost them, net of cash, about £1.6m and get them a business making about £0.6m a year. I'd be happy with that!

[letmepass] 11/5/2018 20:21

It a bad day.. Held

[euclid5] 11/5/2018 16:31

Thanks for confirming Stemis

[sigora] 11/5/2018 16:23

all in all a strong hold /buy

[kev0856153] 11/5/2018 16:23

the main shareholder is on youtube

[kev0856153] 11/5/2018 16:22

As at 30 September 2017, the Group had cash and cash equivalents of RM60.8m (£10.8m*) (31 March 2017: RM58.0m (£10.3m*)). This represents the cash that is available to the Group, and excludes restricted cash items, such as fixed deposits pledged for banking facilities and deposits held on behalf of the Company's Employee Benefit Trust.

[kev0856153] 11/5/2018 16:19

I'll answer my own question. Profit was £0.2M from continuing operations for the 6 month period.