Csf Group Share Discussion Threads

[stemis] 05/6/2018 12:08

Obviously it's good news on a number of fronts. It secures the cash and indicates that the transfer of leases to the buyer has completed without problem.

However the cash was already in the balance sheet, under 'Restricted Cash' (although it was £673k at the interims, so they must have had to top it up). Cash should now be about £11.7m although there are/were liabilities of £3.8m to come off that, plus some other assets of about £1.6m. So in total around £9.5m or 5.9p per share. Of course there is then a profitable business left behind...

[dave4545] 05/6/2018 10:27

Might be, not sure exactly, see what Stemis says when he sees this news

[euclid5] 05/6/2018 10:19

Thought with the disposal the liabilities are removed?

[wolf9] 05/6/2018 10:07

Get some corporate activity here now should really shift the share price Should really be at least 5p here now after today's news

[dave4545] 05/6/2018 09:30

euclid5

Assuming all liabilities are wiped out. Not sure about that but still see at least 100% from here. I cannot buy more as have enough already and the NMS is small so have to stick with what I have

[euclid5] 05/6/2018 09:22

approx £11m in cash div by 160m shares = 7p per share

[sigora] 05/6/2018 09:18

friggin hell couple of weeks ago new like this we would have got 200% rise bloody markets

[dave4545] 05/6/2018 08:57

Price should be double the current one.

Typical market, if it's not up 50% nobody wants to get inolved. 2 people have actually sold this news on very little upside in the price...bonkers

[philjeans] 05/6/2018 08:50

Nice - that's £700k more than they were expecting!

So cash held now £11M.

M/C £3M.

RTO now approaching.....

[dave4545] 05/6/2018 08:31

5 June 2018

CSF Group plc

("CSF", the "Company" or the "Group")

Return of cash deposits

Following the Company's announcements on 12 September 2017, 28 September 2017, 1 November 2017, 30 April 2018 and 10 May 2018, pertaining to the disposal (the "Disposal") of CSF CX Sdn Bhd ("CSF CX"), CSF announces that the cash deposits lodged by the Group for rental deposits in connection with the CX2 and CX5 data centres, amounting to RM9.07 million (GBP1.71 million at current exchange rates), have been returned to the Group.

[dave4545] 31/5/2018 11:36

275k at 1.95p now, maybe those trades are connected

[wolf9] 31/5/2018 11:27

Good to see some action here lol

[dave4545] 31/5/2018 11:12

Did all the buys belong to one person who then sold 275k ? surely not

You will not beat the mm's ever in illiquid stocks, I'd like to think it was somebody else selling into strength but in this market there's no shortage of idiots trading.

[sigora] 31/5/2018 11:06

need to get on leaderboard as herd only see that lol

[wolf9] 31/5/2018 10:45

Low free float means this can shoot up quickly with a few buys

[dave4545] 31/5/2018 10:44

50k max at 2.4p now, come on baby spike lol

[dave4545] 31/5/2018 10:32

75,000 max at 2.29p looks promising if the spike chase herd arrive

[dave4545] 31/5/2018 10:25

Interesting 200k just bought in a few minutes and 2.1p paid on Nex exchange

[sigora] 30/5/2018 21:17

we are due a spike here , few on aim will low free float been moving last few weeks, could be our time soon

[dave4545] 30/5/2018 21:12

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

Which means a Rns could land at any time especially when it's material.

Nice 238k buy at 2p today, not take many more of them and the price will be back in the 2-3p range again

[stemis] 30/5/2018 12:06

What we need here is a clean set of accounts to demonstrate the value in the continuing business. Unfortunately, because of the timing of the disposal (just after year end) that's probably going to be the 2018 interims due for release in December. So probably just one to tuck away and forget about till then...unless they decide to do some sort of corporate activity.

[wolf9] 29/5/2018 14:23

Believe there will be plenty of momentum here soon, the major shareholders have been happy to keep their holdings

[dave4545] 29/5/2018 13:06

Nature of the this Aim market now, nobody touching anything but if the right Rns comes along they are pile in at 50-100% higher.

When CSFG announced substantially reduced liabilities following the disposal we should get a reward. The smart money buys before the spike but in this market 99.9% do not want to touch quiet stocks until news and they will gladly paid higher for momentum.

[wolf9] 29/5/2018 09:21

Possible special dividend next month when they get the return of the £1m

[dave4545] 23/5/2018 14:14

225k at 1.82p nice gift from somebody to the mm's there