CentralNic is advancing after its acquisition spree

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  • CentralNic appoints investment veterans to board
  • Centralnic shares offer over 100% upside, reckons Berenberg
  • CentralNic Group report ‘fantastic growth across all three of our segments’
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Quick facts: Centralnic Group PLC

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CentralNic is the developer and operator of software platforms providing web presence services to customers in almost every country in the world.

CentralNic is a leading provider of tools required to create websites, use email, and secure business online.

Headquartered in London, the Group generates revenue and income from the worldwide sale of internet domain names, hosting and monetisation of domains on an annual subscription basis.

18 Jun 2021

CentralNic Group PLC () announced it appointed Matthew Max Edward Royde and Horst Oskar Siffrin as non-executive directors with immediate effect.

The global internet platform, which derives revenue from the subscription sales of domain names and web services, said they are joining the board as shareholder representatives of Kestrel Partners LLP and inter.services GmbH respectively.

Royde is managing partner at Kestrel Partners, an investment management company specialising in business-critical software companies, which holds a 22.53% stake in the AIM-listed company.

He co-founded Kestrel Partners in 2009 and is a fund manager of Kestrel Opportunities after a role as a managing director of KBC Peel Hunt, running its technology franchise.

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01 Jun 2021

CentralNic Group PLC () has reported higher earnings for the first quarter of 2021 as it said “significant investment” in its management, staff and systems had accelerated organic growth to record levels.

In its results for the three months to March 31, the internet domain name specialist reported adjusted earnings (EBITDA) of US$10.1mln, a 23% increase year-on-year, while revenues jumped 48% to US$84.4mln.

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14 May 2021

CentralNic Group PLC () has partnered-up with London & Partners subsidiary Dot London Domains Ltd, to supply technical registry services.

The AIM-quoted firm is to support the infrastructure around the .London top level internet domain, along with the domain’s growth and marketing activities.

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23 Jun 2021

(), PLC (LONLSPT) and () are the top three shares to buy in the networking and communications subsector, according to broker Berenberg.

The trio are “very different” but what connects them is their “top-three positions in niche and highly technical markets”, with all three stocks “often overlooked because they are viewed as cyclical, too expensive or too small”.

In a note to clients on Wednesday, Berenberg initiated coverage of the three companies with ‘buy’ recommendations on each, with CentralNic given a price target of 180p that offers around 120% upside to the last close price, Dot Digital 290p and Spirent 310p, offering around 30% upside for both.

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11 Jun 2021

Ben Crawford, chief executive of CentralNic Group PLC () catches up with Proactive London’s Katie Pilbeam on the drivers behind their higher earnings for the first quarter of 2021.

In its results for the three months to March 31, the internet domain name specialist reported adjusted earnings (EBITDA) of US$10.1mln, a 23% increase year-on-year, while revenues jumped 48% to US$84.4mln.

Crawford explains the rationale behind partnering up with London & Partners subsidiary Dot London Domains Ltd, to supply technical registry services.

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CentralNic Group report ‘fantastic growth across all three of our segments’

Ben Crawford, chief executive of CentralNic Group PLC (LON:CNIC) catches up with Proactive London’s Katie Pilbeam on the drivers behind their higher earnings for the first quarter of 2021.

In its results for the three months to March 31, the internet domain name specialist reported adjusted…

1 week, 6 days ago

2 min read

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