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CITY Cityfibre

80.90
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Cityfibre Investors - CITY

Cityfibre Investors - CITY

Share Name Share Symbol Market Stock Type
Cityfibre CITY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 80.90 01:00:00
Open Price Low Price High Price Close Price Previous Close
80.90
more quote information »

Top Investor Posts

Top Posts
Posted at 21/2/2018 10:05 by rathean
Great choice for next mega fibre city. They already have the framework and kit in place in Aberdeen, full backing of the Council and will be generating new income by 2019.40 million investment funded from previous investors, looking for this to test historic lows just south of 40 before buying back in.
Posted at 19/11/2017 18:04 by montyhedge
Yes will it be a placing to institutional investors or rights issue to shareholders.
Posted at 09/11/2017 18:27 by douglas fir
[...]


CityFibre rockets on news of Vodafone deal
15:04 09 Nov 2017
Proactive Investors correspondent John Harrington reports on the 'transformational' tie-up between telecoms giant Vodafone PLC (LON:VOD) and AIM-listed CityFibre (LON:CHFL).
The two are joining forces to build a new ultra-fast broadband network for 5mln homes and businesses in the UK.
Posted at 28/9/2017 17:31 by karadas09
@1224saj - My guess is that for many investors, patience has run out and there are much better investments out there in the current market if you want a quick buck. Slow progress in new connections and revenues is not encouraging. However, the stock looks cheap at the current price given the tangible assets and cash on the balance sheet. I'm going to hold on the basis that either revenues will grow after the recent acquisition or the company will be acquired by a bigger player due to share price weakness.
Posted at 29/4/2017 18:00 by varies
The final results for 2016 strike me as encouraging.
The Consolidated Statement of Comprehensive Income shows Gross Profit of £13,536K (v. £5,520K in 2015), Total Administrative Expenses of £18,677K (v. £11.679K) and Net Financial Costs of £7,149K (v. £234K).
Deducting TAE and NFC from GP leaves a loss of £12,584K (v. £6,362K).
Assuming, for the sake of argument, that TAE and NFE for 2017 remain unchanged, then GP would need to increase to £25,826K for CityFibre to break even.
It seems reasonable to assume that NFC will fall in 2017 but it may be too much to hope that Gross Profits will double.
I would be very interested to see some better informed opinions. My understanding of this company is very limited !
I bought quite a large holding (by my standards) at about 50p after the presentation at the Investors Forum in Islington and am minded to keep them for some time although the balance sheet is a little hairy.
Posted at 06/3/2017 08:49 by aishah
Comment March 01, 2017

CityFibre welcomes today’s publication of the Government’s Digital Strategy – which once again signals the need for the UK to move towards a full fibre future – but argues that firm targets and an alignment of government policy and sector regulation behind the goal of greater infrastructure competition is needed if the vision is to be delivered.

Today’s long-awaited Digital Strategy outlines the Government’s plan to become a leading digital nation, building on the UK’s existing digital strengths and maximising the potential of emerging technologies, such as Artificial Intelligence and the Internet of Things, to drive up productivity, remain internationally competitive and realise opportunity across the country.

The Government once again recognises that “first and foremost, being a digital leader depends on being connected” and that “the future of high-speed and high-quality connectivity lies in deeper, more extensive fibre networks”. To deliver this goal, the Strategy reconfirms the £1bn programme of funding “to explore and encourage next generation digital infrastructure, including full fibre and 5G” that was announced in the 2016 Autumn Statement. It also includes a commitment to work with regulators and industry so that “broadband adverts accurately reflect reality”, crucially ensuring that adverts apply “terms like ‘fibre’ only when full fibre solutions are used”, as well as announcing a new Business Connectivity Forum to bring stakeholders together “to help businesses access fast, affordable and reliable broadband”. However, the Strategy falls short of providing details on how this vision will be delivered and by when.

As the largest competitive investor in wholesale fibre infrastructure, CityFibre is already building the full fibre digital backbone the UK needs to deliver the Digital Strategy. With infrastructure in 42 towns and cities across the UK, including 25 of the top 30 cities outside London, and an ambition to expand to 100 cities by 2025, thereby delivering true fibre connectivity to 60% of the UK’s businesses and 40% of homes outside London, CityFibre is well placed to underpin the UK’s digital ambitions.

Mark Collins, CityFibre’s Director of Strategy and Policy, commented: “The Government has once again outlined a clear direction of travel for the UK – extensive full fibre networks capable of delivering the transformational gigabit connectivity needed to be a leading digital nation. As the company behind the UK’s growing ranks of Gigabit Cities, CityFibre is fully supportive of this vision. With the UK lagging behind its international competitors on full fibre deployment, we now urgently need to create the right incentives for investment in new infrastructure, rather than continuing to focus on the UK’s legacy copper network. This means firm targets for deployment, ensuring that the goal of full fibre is embedded across all areas of central and local government policy, including in the upcoming Industrial Strategy, and ensuring that policy and regulation are pulling in the same direction – for example on consumer advertising of fibre broadband products and telecoms regulation.”
Posted at 08/4/2016 20:24 by kooba
Good to see Neil Woodford the value investor increasing in recent days...he always does his homework and is one of the UK's most successful stock pickers....now over 13% but he often goes far larger in his chosen holdings.
Posted at 05/4/2016 12:23 by thomasthetank1
Read Liberum’s note on CityFibre Infrastructure (CITY), out this morning, by visiting www.research-tree.com …
"CityFibre has announced two contract wins which highlight the value opportunity in the network acquired from KCOM earlier this year; a combined minimum total contract value (TCV) of £4.9m over a six-year period demonstrates the potentially to rapidly commercialise the enlarged network footprint. Following recent weakness, the share price looks a very attractive entry point for equity investors..."
Posted at 04/7/2012 14:35 by freds13
Manchester United's $100 million flotation may reduce Glazer debt slightly - but it won't boost transfer kitty
Page one of Manchester United's $100 million prospectus confronts potential investors with a stark warning. "Investing in our Class A ordinary shares involves a high degree of risk," it reads.

United note, the debts they already hold place certain obligations on the club: "The indenture governing our senior secured [loan] notes and our revolving credit facility limit our ability, among other things, to: pay dividends or make other distributions or repurchase or redeem our shares."

If anyone had any doubt about what that means, United's prospectus spells it out later: "We do not currently intend to pay cash dividends on our Class A ordinary shares in the foreseeable future."
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Think I`ll give this one a miss - it`s a bit too TOXIC for me.
Posted at 17/11/2011 12:19 by ad astra per aspera
I have noted that the people are concerned that there may be things happening that are preventing the market from performing its function of dealing effectively with normal supply and demand for shares.

Regrettably having a feeling that something is not right is insufficient to make a case, therefore I thought it would be useful to create a thread where people could summarise events that they consider irregular and therefore by default we will build a record that can be used as a reference source.

Please add notes of anything you see that you consider to be irregular behaviour by the market, or participants within it.

Lets see if investors really do have the will to address an apparent concern rather than firing off platitudes.

Please take care to write reasonably and factually. You are responsible for your comments. There may be a reasonable explanation behind certain market activities and we ought to ask questions first and shoot later.

IMHO

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