Business
Cornerstone FS (CSFS) Initiation of coverage - ...
Cornerstone FS (CSFS) Initiation of coverage - ....
About this update from Finseta Plc
[{"type":"text","content":"\n \n\n\nHardman & Co Research\n\n\n\nHardman & Co Research: Cornerstone FS (CSFS) Initiation of coverage - Steppingstone to core enterprise systems02-Dec-2021 / 07:15 GMT/BST\n\n\nHardman & Co Research: Steppingstone to core enterprise systems\n\nCornerstone is a provider of foreign exchange (forex), payment and currency risk management services, with a focus on small and medium-sized enterprises (SMEs) internationally. As one of a handful of UK-listed companies in this segment, the company is well-placed to act as a consolidator in a highly fragmented marketplace. The core technology platform is a source of competitive differentiation in the SME segment, and this is being evolved to integrate with accounting systems, in turn evolving the revenue streams from transaction-based to subscription-based revenue. Based on our estimates for two scenarios, our DCF-implied fair equity value upside potential ranges from 140% to 360%.\n\nPlease click on the link below for the full report:\n\nhttps://www.hardmanandco.com/research/corporate-research/steppingstone-to-core-enterprise-systems/ \n\nIf you are interested in meeting the company, you can register your interest by clicking on the above link\n\n\n To contact us:\n\n Hardman & Co1 Frederick's Place\n\n London\n\n EC2R 8AE\n\n www.hardmanandco.com\n\n Follow us on Twitter @HardmanandCo\n \n \n Contact:\n\n Milan Radia\n\n +44(0)20 3693 7075\n \n \n \n\n [email protected] \n \n Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.\n\nAbout Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. \n\nHardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised a...