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Cityfibre Share Discussion Threads
Showing 4401 to 4423 of 4425 messages
|A slightly different take from the one above:
|TALK interims out this morning with latest on JV:
York Fibre-To-The-Premise Trial extended to cover whole city
We have made excellent progress with UFO, our Fibre-To-The-Premise (FTTP) trial in York. The initial roll out has covered over 14,000 homes, with nearly 2,500 (over 18% penetration in 6 months) customers signing up to the service with TalkTalk and Sky since the beginning of the year. Residents and businesses have embraced the ultrafast service, as they discover a broadband service that delivers seamless, uninterrupted internet access on multiple devices. The network has been available for 100% of the reporting period. Build costs have come in significantly under our £500 per home target and customer take-up and satisfaction are also running ahead of targets. Customer satisfaction scores for the UFO product are strongly outperforming FTTC, with scores consistently averaging over 80% with almost no customer churn.
Following the success of this first phase, work will now begin on extending the network across the rest of York. The build will start in the Spring of 2017 and is expected to reach a further 40,000 homes over 18m, covering the vast majority of the city's premises. TalkTalk will acquire Sky's equity in the joint venture with Sky becoming a long term wholesale customer. The York rollout is expected to cost c£20 million to complete, which will be funded by TalkTalk, with City Fibre Holdings continuing as a shareholder in the joint venture.|
|Director share sales, and a brief explanation:
|Macquarie initiates with OUTPERFORM rating and 93p target|
|Big trades this am so I suspect that a large sell order has been filled and that we might now move north. Fingers crossed. GLA|
|I don't really get the business model. They circled the estate where my office is and offered us a connection at £200pm minimum. We waited for BT to enable our exchange and got a fibre connection for £25pm. I doubt if anyone on our estate had contracted with them.|
|Not sure a 0.5 mill contract is really worth an rns. However in the daily mail one broker has a sell rating on the stock to counteract the above two.|
|After today's results Finncap (130p) and Liberum Capital (138p) have kept their targets unchanged.
|Nice set of results|
|My copy of MWeek suggests that Shares Magazine have suggested CITY as a Buy at 59.5p based upon having room to grow its fibre-optic network.
Can anyone verify?|
|Fully funded from Jan placing & debt facility in place so not quite sure why you think that Rubber. However, I guess nothing is a sure bet on AIM anymore.|
|NEEDS A PLACING SOON|
|'CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, is pleased to announce the signing of a launch partner agreement for its acquired networks in the Sheffield metro area.
The six-year, £3.3m deal commits CityFibre partner Exa Networks to delivering 250 school and business connections under an existing national framework agreement, focused on the Company's network in Sheffield, and also brings the benefits of gigabit connectivity to schools and businesses in Doncaster and Rotherham.
Today's agreement takes the number of connections sold by CityFibre on the networks acquired from KCOM in January to 1,450, and the value of contracts sold on the assets to £22.1m.
Capex coverage on the contract is in line with the Company's stated guidance.
Greg Mesch, Chief Executive of CityFibre, commented:
"We're delighted to extend our framework agreement with Exa into Sheffield, Doncaster and Rotherham. With this latest call-off, we demonstrate our ability to leverage our expanded footprint and drive commercialisation of the acquired assets at pace, bringing 10 cities into commercial production within seven months of acquisition close. It also brings us within striking distance of 4,000 connections sold year to date." '|
|BT Openreach statement seems to have given some impetus to the price today, up 9% on my screen.
|Fantastic TU from CITY today. Surely a re-rating of sorts is due as this company is likely to be a cash cow in the near future.|
|CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
CityFibre Appeals Conclusions of Ofcom Review
CityFibre (AIM: CITY), a leading designer, builder, owner and operator of fibre optic infrastructure in UK towns and cities, today announces that, as signaled in both its 2015 financial results release dated 18 April 2016, and its 2015 annual report published on 9 May 2016, the Company has lodged an appeal with the UK Competition Appeal Tribunal in relation to regulations set out by Ofcom in its 2016 Business Connectivity Market Review. The Company will update the market on the outcome of the appeal as and when appropriate.
|WOW 2 more announcements. Not really sure why I am posting as its a bit like talking to one self.|
|Can not belive what little interest this one gets from everyone. Dynamite company ready to explode at any time. Constant stream of good news seems to be going under most people's radar.|
|Another nice contract win this morning which all points to a very good momentum going forward & certainly in line with managements expectations. I guess CITY not on to many peoples radar which at least means the thread remains sane.|
|Read Liberum's note on CITYFIBRE INFRASTRUCTURE, out this morning, by visiting hxxps://www.research-tree.com/companies/uk/telecomms_-_fixed_%26_cable/cityfibre_infrastructure_hol
"The transformational acquisition of the KCOM network assets supersedes the FY15 results; nonetheless the figures are broadly in line and our forecasts are unchanged. CityFibre is in an exciting growth phase and as recent contract wins demonstrate, the Company is successfully executing its strategy to accelerate the penetration and utilisation of its high speed fibre optic network…"|
|In for a small holding. It's a long-term play and all about getting to £100m of EBITDA by 2020 which will see the share price significantly higher (other sector multiples trading at 10-15x EV/EBITDA).
If all goes well we'll be left with a strong defensible infrastructure network generating annuity income for a long-time thereafter. Capex investment is clearly large to build out the network and the sooner the expensive debt (c.10% cost incl. LIBOR) can be taken out the better.
It's not without significant execution risks however lessons have been learned since the 90s cable boom and bust and Management appear to have a sensible approach to execution.
Less bothered with short-term profits / losses as the business model is about long-term growth and it's been indicated we should break even this year. If it's still loss making by FY18, that's when to start worrying ! One major selling point for me unlike a lot of 'jam tomorrow' companies is that they are investing in something tangible which has actual value as long as they can maintain their technological advantage (another business risk) and profits are on the horizon.
I'm sure there will be lots of movements up and down in the share price over the next couple of years before we start seeing real profit and decent pre-capex cash generation.
May look to top-up on the dips if the news flow keeps moving in the right direction. I think it's reasonable value in the 50s and just on the right side risk / reward wise.
|· Net loss after tax of £6.4m, improving from £7.0m in 2014
Loss is worse than expected. £4.4m had been market expectation of loss. This is £2m more of losses. Ouch!|