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IXE Ixeurope

139.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ixeurope LSE:IXE London Ordinary Share GB00B11YBH19 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 139.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 139.75 GBX

Ix Europe (IXE) Latest News

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Ix Europe (IXE) Discussions and Chat

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Date Time Title Posts
20/7/200711:48IX Europe PLC146

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Ix Europe (IXE) Top Chat Posts

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Posted at 21/6/2007 09:13 by randsys
IXE stated they were in talks "with a number" of interested parties, so I imagine potential negotiations could well take a while.
Posted at 30/5/2007 12:50 by huntie2
trouble is, mirshahik, a guess on my part really would be a guess! so best for me not to do so. what I do know is that in the past there have been a number of occasions when shares I've owned have been subject to developments of this sort, sharp price rise, gradual slight drop in price, at which point I've often sold, only to see sometimes quite sharp price rises following as the situation pans out...and so with the implication of interest from more than one party, I'm holding. Best wishes, huntie2
Posted at 21/5/2007 08:44 by adda
Any idea on the likely bid price? And who is the bidder? I see telecity will be floating later this year, are their any other listed competitors to IXE? Have been following this Company for last six months, v.impressive, shame to see them taken out in their infancy. Obviously someone sees the potential mkt for DC space.
Posted at 15/5/2007 17:36 by cat
Summary from Charles Stanley note out yesterday:

BUY
Share price momentum set to continue
Since we initiated coverage in March, IXEurope's share price has risen 46% and is now within 5% of our initial short term target price. We attribute the rise to an increasing understanding of the fundamental attractions of carrier neutral data centres, which include rising demand for the limited supply of data centre space, leading to higher prices and occupancy levels. In this note we detail further evidence of these trends which holds out the prospect of upgrades to our forecasts for IXEurope as a result of both price increases and the likelihood that during H2 2007 the company will announce the commissioning of Phase II of its London4 data centre. We introduce a 12 month price target of 126p per share, which is subject to further upside from potential upgrades to our forecasts and increasing momentum from, for example, the likely flotation at a premium rating of TelecityRedbus later this year.
No let up in demand for DC space. We have spoken recently to a number of data centre operators in the UK and Europe all of whom report strong growth in demand. The latest estimates from CBRE show that forecast vacancy rates (of both fully fitted and shell & core stock) in London will fall to c3% by 2009 from the current 19%. In Europe as a whole the total take-up of 64,000 m² in 2006 is greater than the current level of fully fitted space, which currently stands at 51,000 m².

�� Forecast supply continues to be constrained. The limiting factors of sufficient power supply, connectivity and planning permission continue to represent the major barriers to additional supply. Earlier this week Colt Telecom announced that it was commissioning a new 8,500 m² DC site just outside London. This new data centre had been in the pipeline for some time and was included in forecasts for the market as a whole. As such, it does not represent a loosening of supply which we expect to continue to remain constrained, particularly in the London area.
�� TelecityRedbus' flotation will raise investor awareness. Press reports indicate that TelecityRedbus has appointed advisers for a flotation or trade sale. The mooted £500m price tag represents a c80% premium to IXEurope based on comparisons of revenues and net available data centre space. We expect that a TelecityRedbus flotation process would add momentum to IXEurope's share price.
�� We maintain our Buy recommendation with a 12 month price target of 126p. Our valuation method is based on discounted EV/EBITDA and price/ earnings ratios of IXEurope's current portfolio at maturity. We have also compared IXEurope to its quoted peers, Equinix and Switch & Data, to which IXEurope trades at a 16% discount on an EV/EBITDA basis. Our 126p price target represents 10x EV/EBITDA and 20x earnings at maturity, discounted back at 20% per annum.
Posted at 07/5/2007 22:16 by rik shaw
Press release on IXE website dated 1/5/07:



It ends:

To capture the market demand, IXEurope has decided to increase the planned specification and accelerate the fit-out of phase 1 and prepare for phase 2 by building the mezzanine floor in preparation for future datacentre build-out. Phase 1 will be ready for occupation during summer 2007


rik
Posted at 27/3/2007 11:18 by togglebrush
Back in the '90's these were often called Data Hotels and Hotel seems a good word because room (space) and occupancy rate seem the key numbers. They have a business model which works and are acquiring others which didn't (possible speculative built after the World Trade Centre, New York disaster?). It appears to be a growing business with potential just like the share price.

Brief extracts from the Annual Review 2006

Page 1 ... last year to this

In 2006 they had 26,400 m2
65% of the total 35,400m2 planned space was contracted as at 31 December 2006

Page 7

Scalability...future potential

A further 9,000m2 is planned or under construction, of which 2,700m2 was pre-contracted to customers as at 31 December 2006. Furthermore, the group has potential to build and power up more than 30,000m2 of additional datacentre space in London4 and at the Frankfurt2 13-acre campus.

Page 9

Acquisitions...they have bought cheaply

IXEurope added four IXDatacentres™ in 2006, three of them as distressed asset purchases and one new-build (London4).
Posted at 23/3/2007 17:21 by togglebrush
Someone is very keen on this share...high volumes...and increasing share price for several days now!
Posted at 21/3/2007 13:52 by togglebrush
I was doodling with some projections based on the Annual Results just now, and they looked quite good and then I saw the price hike!

Back of a Beer Mat projections

''000,s_____________Actual_________Actual________F'cast________F'cast
__________________2005__________2006__________2007__________2008

Revenue_____________£22,538_______£37,335_______£50,063_______£67,130
Cost of Sales ______£12,537_______£22,537_______£28,035_______£37,593

Gross Margin________£10,001_______£14,798_______£22,028_______£29,537

General Admin _______£8,309 ________£9,869_______£11,722_______£13,923

Operating Profit____£1,692_________£4,929_______£10,306_______£15,614

Depreciation & Am___£3,887_________£5,764________£7,729_______£10,364

Extraordinary Exes__-£572__________£1,689____
PBIT________________-£1,623_______-£2,524________£2,577________£5,251

These are based on__9,600sqm_____26,400sqm_______35,400sqm____47,468sqm
Origin______________reported_____reported________report fcast___guess

These give a reasonable PE ratio for 2007 and 2008 based on a 100p share price. Currently 181.3 million shares as opposed to 172.6 in 2006

I could not find any other forecast so I did my own. DYOR
It may explain the price hike ???
Posted at 09/3/2007 09:43 by spaceparallax
Mas,

Thanks for the tip - I see IXE as having a strong future, but suspect that the SP's probably outgrown itself cf the results and diminution of loss. No doubt I'll be proved wrong, but I wouldn't be surprised to see the share price cycle between 60 and low 70s for a while, perhaps with further progress being driven by significant news.
Posted at 13/2/2007 10:34 by randsys
IX Europe Results Notification

RNS Number:1597R
IX Europe PLC
13 February 2007

IXEurope plc

Results notification

IXEurope plc ("IXEurope"; AIM: IXE), Europe's specialist datacentre services
company with 14 IXDatacentres across four countries, will announce its
preliminary results for the year ended 31 December 2006, on Monday, 5 March
2007.

A presentation for analysts will be held at 9.30am on Monday, 5 March 2007 at
the offices of College Hill, 78 Cannon Street, EC4N 6HH.

Enquiries:

College Hill 020 7457 2020
Adrian Duffield / Corinna Dorward

This information is provided by RNS
The company news service from the London Stock Exchange
END
Ix Europe share price data is direct from the London Stock Exchange

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