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CentralNic

November 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • 127.5p
  • Price:
  • 127.5p
A further upgrade to FY22 forecasts after CentralNic’s Q3 update said its revenues for the first nine months were US$525m (+86% year on year) and EBITDA US$61m (+89%) driven by high demand for privacy-safe online customer acquisition services. When annualising the nine month performance, this represents an outperformance of around 15% on forecasts.Net debt was US$63m from US$64m six months earlier despite buying Aporia for US$11.2m. Separately, CNIC has also announced a debt refinance at a lower rate. It has secured a US$150m term loan, which it will use to replace €126m of bonds (incurring interest at 7% above three-month EURIBOR of 1.4%) at a much lower interest rate (2.75% above the secured overnight financing rate of 3% current ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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