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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cityfibre | CFHL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 52.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 52.00 | 52.00 |
| Top Posts |
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Posted at 17/12/2015 11:24 by davidosh City Fibre and the harsh treatment of private investors and smaller City Fibre shareholders was highlighted on the SmallCap radio show yesterday....If you want to campaign against this treatment ShareSoc will help groups of shareholders. www.sharesoc.org |
Posted at 01/10/2015 14:12 by aishah UK Needs Fiber Infrastructure Rivalry – CityFibreMUNICH -- Gigibit Europe -- Fiber network investor CityFibre says the UK needs to avoid over-reliance on fixed-line incumbent BT if its nascent gigabit market is to flourish in the years ahead. CityFibre is keen to establish itself as an infrastructure rival to BT and is currently building fiber networks in a number of UK cities and towns. The operator -- which is currently involved in eight gigabit projects but aims to increase this number to 100 over the next decade -- has been a fierce critic of the broadband situation in the UK, where BT Group plc (NYSE: BT; London: BTA) remains the only infrastructure player with a nationwide presence. Speaking at Light Reading's Gigabit Europe event in Munich earlier Tuesday, Mark Collins, CityFibre's director of strategy and public affairs, said that infrastructure competition is needed if the UK is to make improvements to the availability and penetration of high-speed broadband services. "The UK is not even on the league table for fiber-connected premises in Europe," he said. "Often it is the challenger networks that bring real choice and competition and can shake up the status quo quite a bit." Unlike BT, CityFibre does not provide its own retail services, instead offering dark fiber infrastructure on which retail partners can launch their own broadband products. The operator seeks to minimize the risks associated with investing in fiber infrastructure by securing commitments from customers before it starts to roll out its networks. In Edinburgh, for instance, its ISP partner Commsworld has been able to secure commitments from 200 business customers and 300 council sites, representing a contract value of about £20 million (US$30.3 million) against a capital expenditure budget of between £10 million ($15.2 million) and £15 million ($22.7 million). Although it caters heavily to enterprise and government customers in many of its existing Gigabit Cities, CityFibre's highest-profile deployment is a consumer-oriented joint venture with Sky (NYSE, London: SKY) and TalkTalk -- the UK's second- and fourth-biggest broadband operators respectively -- in the city of York. More... |
Posted at 26/6/2015 09:46 by cisk oregano - why not one for the PIs? Think this is a smashing little company - just needs to be accumulated steadily and forgotten about for about 3 years.The fact that it's under most investors' radar and has a very quiet BB is a huge plus in my book. The shareprice performance has not been great so far, but until it gains a critical mass I'm not expecting much share price action... |
Posted at 29/9/2014 08:22 by jans3 Interim results look good.For immediate release 29 September 2014 CITYFIBRE INFRASTRUCTURE HOLDINGS PLC ('CityFibre' or the 'Group' or the 'Company') UNAUDITED HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014 CityFibre Infrastructure Holdings Plc (AIM: CFHL), the leading designer, builder, owner, and operator of wholesale fibre optic infrastructure enabling gigabit connectivity in UK towns and cities, is pleased to report half year results for the Group for the period ended 30 June 2014. Financial Highlights: · First half results ahead of expectations at the IPO; · Revenue increased 45.6% to £1.3m, driven by new projects and incremental contract growth on existing assets; · Gross profit increased 49.3% to £1.0m, with margin expansion from 80% to 82%, reflecting high operating leverage of passive fibre network assets; · Adjusted EBITDA loss of £2.0m, reflecting increased activity connected to new city wins; · Acquisition of property, plant and equipment of £2.1m, up from £0.4m in H1 2013; · Strong balance sheet following successful IPO and oversubscribed secondary placing raising £46.5m before expenses from institutional investors; · Cash balance at period end of £37.2m Operating Highlights: · Signed a landmark joint venture agreement ("JV") with BSkyB ("Sky") and TalkTalk on 15 April 2014 to deploy a trial city-wide Fibre-to-the-Home (FTTH)/Fibre-to-the- · Acquisition of Coventry Metro Area Network asset closed on 3 June 2014, adding over 300 connected customer sites and 62% additional fibre footprint to the CityFibre portfolio; · Connected customer sites up 76%, to 817 as at 30 June 2014 from 465 in December 2013. Reseller and service providers on-net up to 16 from two at the start of the year; · Post period end city wins in Kirklees and Aberdeen, full year target of three new city wins achieved to date; · CityFibre's pro forma fibre footprint (assuming successful completion of in-progress projects in Peterborough, Kirklees, and Aberdeen) will exceed 680 route kilometres of local access fibre and connect over 1,200 customer sites when complete. This expanded footprint will represent an addressable market of over 2,400 public sector sites, 1,200 cell sites, 40,000 businesses and 600,000 homes; · Strong momentum expected to continue for the remainder of the year, particularly with regard to new city wins and further commercialization of existing assets. Greg Mesch, CEO of CityFibre, commented: "We entered this year with the objective of securing a strong capital base and delivering key projects across all our core market areas. We are on track to deliver on all of our objectives. We have raised £46.5m from institutional investors, secured three new city wide fibre based anchor projects, and are on schedule and on budget with the Peterborough deployment, where business pre-registrations have vastly exceeded our expectations. "Moreover, the developments in the first six months of the year underline our expanding range of methods for anchoring new city wide fibre networks - via acquisition, partnering with Public Service Network (PSN) framework suppliers, and aggregation of business segment demand via local ISPs. And of course we are delighted to be in a FTTH/FTTP trial agreement with Sky and TalkTalk and in the first phase of the deployment in the trial on our existing asset in York, which we believe further validates our shared infrastructure model. "We are pleased with the ongoing progress which these results and the recent announcements illustrate. Not only has the Company exceeded expectations of contract wins set at the time of the IPO in January, but we have also already attained the revised full year growth expectations set at the secondary placing in May. Our four key market segments of public sector, mobile, business and consumers remain robust as consumers of fibre and we are extremely pleased with the progress across all these market segments." |
Posted at 03/9/2014 08:15 by mirandaj The UK’s alternative superfast network operator market looks buoyant with new investment flowing in from a variety of sources, and new relationships being built between network operators and service providers. These are the findings from a new report reviewing the past six months in country’s superfast broadband sector.“There is a real buzz in UK superfast broadband with prospects looking good for several of the country’s alternative network operators,” says Annelise Berendt, Principal Associate at Point Topic, which has been covering superfast broadband since 2009. “Although the period has been marked by final closure of one of the country’s alternative network pioneers, Digital Region, several other altnets are proving themselves in it for the long haul, gaining financial backing to power expansion of their networks and develop scale in their relative niche markets. Some are also growing strategic relationships with other players that effectively bypass reliance on BT.” Operators attracting new investors in recent months include Ask4, CityFibre, Gigaclear and Hyperoptic. Urban-focused CityFibre plans to roll out ‘Gigabit Cities’ throughout the UK after an oversubscribed £30 million secondary fundraising was approved by its board on 9 June 2014. This latest funding round added to £16.5 million the company raised at its IPO in January 2014. |
Posted at 21/7/2014 10:50 by teleprompter Recent capital raising In a separate statement Friday, CityFibre said it has conditionally raised GBP30.0 million before expenses in a oversubscribed share placing with new and existing institutional investors, funds it said it will use to accelerate its pipeline of commercial opportunities, and its joint venture with BSkyB and TalkTalk. The group said it has two contracts progressing to the negotiation stage, and is in active discussions with 25 other city councils to acquire or build a city network. CityFibre said finnCap and Liberum placed 42.9 million shares priced at 70 pence each. It said the funds will be used to deliver on its pipeline of projects, including delivering Fibre to the Home with BSkyB and TalkTalk. CityFibre shares were trading 0.7% lower Friday morning at 76.50 pence per share. The placing was led by finnCap and Liberum, who were acting as joint brokers.(Source: Alliance news 23 May 2014) |
Posted at 15/5/2014 09:13 by oregano TalkTalk noted that demand for fibre remains modest (being just 5% of its on-net customer base) except when it can deliver transformational improvements in broadband experience e.g. for customers whose copper speed is too low for them to take TV. Nevertheless TalkTalk plans to expand on its recent fibre deployment plans in York with Sky and CityFibre, bringing ultrafast broadband to a further two cities with a national roll out a potential long term option. CEO Dido Harding is quoted in today's FT as saying its fibre network could be extended to reach more than 10m homes in the UK which compares with BT's current 19m homes passed. We expect this to be a major focus of this morning's investor briefing. |
Posted at 25/4/2014 16:42 by edwardt the more i read on this, the more i like. it is a true example of risk and reward but could well be a mutiple bagger for the patient investor. i have put in 10% of my pension and will watch with interest! |
Posted at 15/4/2014 10:07 by oregano I am staggered there is not more interest here. Look who these guys have got into bed with. TT & Sky investing £5m each, CFHL nothing. it adds huge leverage to their York infrastructure and is a sign of things to come elsewhere. From Megabyte. Talk Talk, Sky and CityFibre bowl a yorker at BT Talk Talk and BSkyB have throw down the gauntlet to BT by announcing a JV with recently IPOd CityFibre to bring fibre to the home to the lucky citizens of York at a cost of £10m. The immediate impact will be small, but could represent the start of a fundamental shift in the UK broadband landscape, at least outside of major metropolitan areas. In something of a coup for CityFibre, Talk Talk and Sky are to form a JV with it to build a pure fibre to the home network in York, leveraging CityFibre's existing network, covering 20,000 homes and businesses. The build will be overseen by Fujitsu. Talk Talk and Sky (and probably other service providers) will then compete to sell services over the network. Another two cities are promised, plus obviously more if and when the concept is proven. Talk Talk and Sky will both contribute £5m to the JV, implying an average build cost of about £500 per premise, and CityFibre is contributing its existing York network assets. The JV hopes to tap into debt funding for subsequent cities. On a call this morning, Talk Talk reinforced its short term targets of 4% revenue growth and 25% EBITDA margins, suggesting that this is the start of a long term process which will take time to impact the top line. First Thoughts This announcement comes almost three years to the day since Talk Talk and Sky first tried to break BT's stranglehold on fibre broadband in an ambitious £1.5-2bn venture with Fujitsu to pass 5m UK homes. That project was dependent on tapping into significant public funding for rural broadband and on pole and duct sharing with BT, but came to nothing with BT winning the vast majority of rural broadband tenders. This time round, things look very different, as CityFibre already has a network in York which has an anchor tenant serving local government; hence the project does not depend on public subsidy and, by taking fibre direct to the home, will not have to touch BT infrastructure. The economics should also be more attractive; as Talk Talk noted on the call this morning, reselling BT Openreach's fibre to the cabinet delivers only up to 75Mbps at a definite premium price, whereas FTTH will support up to 1Gbps, giving so much more flexibility and scope for innovative services and 'value pricing'. The JV also has a path to other cities given CityFibre's existing and forthcoming networks in towns such as Peterborough, Coventry and Bournemouth. However, assuming that the JV proves the FTTH concept in York, there will be no shortage of investors to fund an acceleration of CityFibre's existing plans. CityFibre has already identified 100 tier two towns and cities covering 16% of UK homes and businesses, though it is worth noting that the economics of the JV would be far less attractive both in Virgin media areas and in large metropolitan areas where build costs can be far higher. On a UK plc perspective, it is worth noting that the UK is rapidly becoming the odd man out in Europe, with BT (and Virgin Media) focusing on a Fibre to the cabinet model in contrast to the future-proof fibre to the home model of most of its incumbent and challenger peers in Europe. The FTTH footprint in the UK is currently below 1%, versus 12/13% in Italy and Spain, 24/25% in France and Netherlands, 47% in Sweden and 59% in Portugal, and this move will at least start to move the UK in the right direction, and may even spur BT to be more innovative in its build. We will return to this topic in a forthcoming Telecom and Networks Insight report. |
Posted at 17/1/2014 10:26 by rajaster hxxp://www.cityfibreAdmission Document: hxxp://static.square Media Fanfar: hxxp://invezz.com/ne Broker Research: hxxp://www.beauforts IPO - 17/01/2014 at 60p Valuing the business at £31.6 Million, Raising Gross Proceeds of £16.6 Million, Net Proceeds £15 Million: Backed by notable private investors £16.0m invested: £5.75m funds related to board members and management; £5.75m other investors; £4.5m Citibank debt Investors include: Jon Moulton, Andrew Sukawaty (Inmarsat Executive Chairman)), Thomas Putter (Greentech Capital) and others Compelling opportunity with active new business pipeline Contract backed model low risk, attractive targeted ROE New 20 year contract for deployment in Peterborough secured Active pipeline to support further rollout to Tier 2 cities Board Members: Peter David Manning (Non-executive Chairman) William Gregory Mesch (Chief Executive Officer) Mark Grahame Collins (Director, Public Policy) Terence Alan Hart (Chief Financial Officer) Leopold Wilhelmus Antonius Maria van Doorne (Non-Executive Director) Robert Gary Mesch (Non-Executive Director) Massimo Prelz Oltramonti (Non-Executive Director) |
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