CSF Group

CSFG: 4.25 1.63 (▲59.09%)

Delayed:2017-08-18 16:57:08
Bid Price 4.00 High Price 6.10
Ask Price 4.75 Low Price 2.33
Open Price 2.63 Spread 17.14%
Prev Close 4.38 Volume 6,631,135.00

CSF Group Share Price Chart

Intraday

Historic - 1 year


CSF Group Share Price Information

Name CSF Group Epic CSFG
Sector Software & Computer Services ISIN JE00B61NN442
Activites CSF Group's primary focus is the design, development, maintenance and operation of data centres in Malaysia and it has acquired minority interests in entities in Vietnam and Thailand to help to facilitate its planned expansion into these countries. The Group receives income from tenants of its data centres. The Group also develops data centres on behalf of third party customers. Security Type Equity

Key numbers

Latest Share Price (p) 4.38 Net Gearing (%) 83.15
Market Cap (£m) 4.40 Gross Gearing (%) 113.20
Shares in issue (m) 160.03 Debt Ratio 118.99
P/E Ratio -0.12 Debt-to-Equity Ratio 0.73
Divs per share (p) 0.00 Assets / Equity Ratio -7.58
Dividend Yield (%) 0.00 Price to book value -0.22
Dividend Cover 0.00 SROCE (%) -31.14
Earning per share (p) -22.70 EPS Growth (%) -15.93
52-week high / low (p) 5.25 / 0.33 DPS Growth (%)

CSF Group Broker Views

Date Broker Rec. Price Old target price New target price Notes
28 Nov Altium Securities Buy 4.25 85.00 85.00 Retains
26 Jul Altium Securities Buy 4.25 85.00 85.00 Retains
19 Jul Cenkos Buy 4.25 150.00 Retains
18 Jul Altium Securities Buy 4.25 85.00 85.00 Retains
13 Jul Altium Securities Buy 4.25 85.00 85.00 Retains

CSF Group Director Deals


CSF Group Company News

CSF Group baffled by share price rise

CSF Group has noted the recent rise in the company's share price and confirmed that there had been no material contract wins or losses since the end of March.

A statement issued shortly before the market close on Friday said the board was not aware of any other material new developments in terms of the company's key performance indicators or the group's trading, business or outlook since the half year results for the six months ended 30 September.

It said the group's performance since 30 September had been in line with management's expectations.




At 8:34am: (LON:CSFG) CSF Group share price was +0.5p at 2.13p



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CSF Group posts H1 loss

CSF Group posts a pre-tax loss of RM6.2m for the six months to the end of September compared with a profit of RM1.8m last time.

Group revenue totalled RM37.4m against RM34.1m a year ago.

The group said it continued to incur a gross loss during the period, as both the CX2 and CX5 data centres have not yet attained an optimum level of occupancy.

Fit-out works for a new tenancy contract are ongoing, but will only start to generate rental revenue in the second half of the 2017 financial year.






At 9:51am: (LON:CSFG) CSF Group share price was 0p at 0.95p



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Commodities pull FTSE lower

The blue-chip index followed Asian markets lower, despite a recovery in oil prices.

The FTSE 100 fell over 1% to 6,834.

UK supermarkets weakened on news that German discounter Aldi achieved record sales and announced a £300 million investment in its stores.

Tesco (TSCO), Sainsbury's (SBRY) and Morrisons (MRW) were pushed into the red.

Commodity stocks pulled the blue chip index lower with Polymetal (POLY) slipping 2.2% and Anglo American (AAL) declining 2.5%.

Housebuilders Taylor Wimpey (TW.) and Barratt (BDEV) slumped by 3.4%.

West Texas Intermediate (WTI) crude oil rose 1.3% to $45 and Brent crude oil rallied 1.7% to $46.69 per barrel, respectively.

Gold nudged lower to $1,336 per ounce and copper cheapened 0.6% to $4,806 per tonne.

Gross mortgage borrowing of £12.4 billion was 1% higher than August, according to the BBA.

BLUE CHIP RISERS AND FALLERS

WPP (WPP) nudged 1.7% lower after broker Jeffries International downgraded its rating from hold to buy and cut its price target.

Pharmaceutical firm Shire (SHP) retreated 1.8% following HSBC's downgrade from hold to buy and cut in price target.

MID CAP RISERS AND FALLERS

Scandal-hit Sports Direct (SPD) declined 5.3% despite an initial positive reaction to Mike Ashley taking over as CEO following Dave Forsey's resignation on Friday.

Broker Peel Hunt's downgrade from add to hold for events company UBM (UBM) accompanied a 2.4% slump in the share price.

SMALL CAP RISERS AND FALLERS

Malaysian data centre operator CSF (CSFG) plummeted 39.6% to 0.53p on news it intends to seek shareholder approval to delist from the AIM market.

Rig refurbishment specialist Lamprell (LAM) was one of the biggest risers on the London Stock Exchange, rising 10.5% to 70.75p after winning a $90 million contract from new client Master Marine. Lamprell will upgrade its mobile operating unit as an accommodation service vessel for Statoil's Johan Sverdrup field offshore Norway.

Investors were impressed by housebuilder MJ Gleeson's (GLE) 20.5% growth in annual pre-tax profit to £28.2 million and hiked dividend of 45% to 14.5p. The company said trading was 'business as usual' since the EU referendum.

Russian E&P business Zoltav Resources (ZOL) nudged 2% lower to 24p despite delivering a maiden pre-tax profit in the half-year to June, which reflected 'efforts on driving performance at Bortovoy's Western Gas Plant and on cost efficiencies'.

North River Resources (NRRP) fell 14.8% after reporting mixed results at its Namib project, which requires a critical period of assessment to determine how to proceed.

Green gas company Good Energy (GOOD) surged 11% to 266p following a positive article in The Mail On Sunday.

Brand experience specialist SpaceandPeople (SAL) crashed 30.4% to 27.5p after swinging from a profit of £62,000 to a £174,000 loss in the first half of the year due to 'subdued trading'. The firm also suspended dividends temporarily.

Respiratory disease-focused drug developer Verona Pharma (VRP) got a shot in the arm following upbeat management expectations for smokers cough treatment RPL554. It also revealed Piers Morgan as chief financial officer, who used to be chief executive of C4X Discovery (C4XD).


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CSF plans to delist from AIM

CSF Group is to seek shareholders' approval to cancel the admission of the company's ordinary shares to trading on AIM.

The company says the board considers that the total trading volumes in its ordinary shares since the start of this year has been effectively negligible, representing less than 5.1% of the issued ordinary share capital. The board does not believe that there are currently any likely circumstances that would reverse this trend, and believes that the level of liquidity in the market for the shares is effectively meaningless. Despite efforts to attract investors, the board is of the view that there has been a relatively low demand for the ordinary shares, especially from institutional investors.




At 9:22am:

(LON:CSFG) CSF Group share price was -0.42p at 0.45p



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FTSE reverses as renewed Brexit jitters take hold

London stocks began firmly on the back foot Monday, taking cue from Asia this morning and Wall St overnight Friday as Brexit jitters again grabbed traders' attentions.

All sectors were lower; 97 blue-chip stocks had lost traction, more than half of these by greater than 1%.

FTSE 100 was down 67.55 points, or 0.98%, to 6841.88 and FTSE 250 shed 220.49, or 1.23%, to 17,702.6.

Intercontinental Hotels (IHG) dived 4.02% to 3153p to lead the top-100 pack lower.

It was followed by house builders Taylor Wimpey (TW.), off 3.31% to 150.35p, Barratt (BDEV), lower 2.77% to 483.45p, and Persimmon (PSN), down 2.69% to 1788.5p.

Insurers were down after Prudential (PRU), off 2.5% to 1372.75p, and banks traced Lloyds (LLOY), reversing 2.66% to 54.49p. Resources figured southbound, as did pharmas.

Commercial property tapered, as did supermarkets, investment specialists, leisure stocks, utilities and consumer goods.

At 8.42am, WTI crude was up 0.27% to $44.6/bbl and Brent was up 0.15% to $45.96/bbl. Gold was down 0.13% to $1339.9/oz.

The market continues to be engulfed by Brexit concerns, these focused on when and if it happens, the legality of triggering Article 50, and the economic and commercial fallout.

BIGGER MOVERS

SpaceandPeople (SAL), down 29.11% to 28p, has swung to an H1 pretax loss of £174,000, from a year-earlier profit of £62,000. Revenue was lower at £4.6m, from £4.8m.

Zoltav Resources (ZOL), up 28.57% to 31.5p, booked a maiden H1 pretax profit of $1.6m, from a year-ago loss of $2.5m. This was achieved from an excellent operational performance and cost-optimisation.

CSF Group (CSFG), ahead 14.94% to 1p, intends to seek shareholders' approval to cancel the admission of its ordinary shares of 10p each to trading on AIM. North River Resources (NRRP), lower 11.11% to 12p, posted an H1 pretax loss of £1.30m, from a loss of £1.38m a year earlier.

LONDON HIGHLIGHTS

Greatland Gold (GGP), up 8.11% to 0.2p, has agreed to acquire the Havieron gold project in Australia for an initial A$25,000 in cash and 65.5m shares worth about A$225,000, plus a second payment, triggered upon a decision to mine, of 145.5m shares, worth about A$500,000.

Active Energy Group (AEG), up 7.27% to 2.95p, has posted an H1 gross profit up 50% to $1.840m, from $1.227m a year ago, as a result of improved purchasing conditions and stable prices.

Savannah Resources (SAV), down 6.96% to 3.68p, has raised about £1.42m gross via the placing of 28.2m new shares and subscription for 12.5m new shares at a placing price of 3.5p each.

Egdon Resources (EDR), up 5.36% to 14.75p, says a competent person's report has independently confirmed the commercial viability of the Wressle field development.

Concepta (CPT), up 5.13% to 20.5p, has signed a manufacturing agreement with Shijiazhuang Huanzhong Biotech Ltd to assemble and package Concepta's 'My Lotus' fertility product.

Lamprell (LAM), up 4.89% to 67.13p, has received a new contract award from Jacktel AS, a subsidiary of Master Marine AS, for the upgrade of the mobile operating unit 'Haven' as an accommodation service vessel for the Statoil 'Johan Sverdrup' field, offshore Norway.

Metal Tiger (MTR), down 4.55% to 3.15p, has reported a total (Indicated & Inferred) Mineral Resource Estimate of 28.36Mt @ 1.24% Cu & 15.7g/t Ag for the T3 Prospect.

Allergy Therapeutics (AGY), down 4.08% to 17.63p, has reported a significant progress made towards becoming a global provider of allergy solutions in the year to the end of June.

Tullett Prebon (TLPR), down 1.08% to 356.1p, said that Ken Pigaga, Global Chief Operating Officer of ICAP plc, has decided not to take up the position of Director and Chief Operating Officer of TP ICAP. An announcement on that role would be made in due course.

Other stocks in the news included Gemfields (GEM), MJ Gleeson (GLE), City of London Group (CIN), RM2 Int'l (RM2), Redcentric (RCN), Avnet (AVT), Adamas Finance Asia (ADAM), Victoria Oil & Gas (VOG), W Resources (WRES), Condor Gold (CNR), Water Intelligence (WATR), Regal Petroleum (RPT) and Lifeline Scientific (LSIC).




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