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KCOM Kcom Group Plc

120.00
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Kcom Group Plc KCOM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 120.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
120.00 120.00
more quote information »

Kcom KCOM Dividends History

No dividends issued between 26 Apr 2014 and 26 Apr 2024

Top Dividend Posts

Top Posts
Posted at 13/8/2019 11:13 by irenekent
Cheque today. Bye bye KCOM
Posted at 03/8/2019 16:19 by cityconindex
Maybe Kcom could launch a bid for Toop at 3p a share?
Posted at 02/8/2019 08:21 by leadersoffice
Buy buy KCOM
Posted at 31/7/2019 08:14 by leadersoffice
Final results no divi declared due to takeover. Probably a right time for us to exit out on a high. Now looking for a place or stock to put some of my Kcom proceeds. I'm not over excited by topple... maybe time will tell.
Posted at 13/7/2019 15:22 by leadersoffice
Thank you realcooltrader. I'll bear that in mind.

No your right...KCOM is drawing to a close and its no good being sentimental. I have done really well from it. The divi's were really good to receive.
I hope we get the final divi... can't see this being concluded till September at the earliest.
Posted at 13/7/2019 13:45 by realcooltrader
Yep, lo, me, in a fairly large way. Read the posts by 2mex on the TOOP thread, he/she has really researched Toople. TOOP is just at the start of its journey and is growing rapidly month on month. It reminds me of Eclipse Internet who KCOM bought some years ago. Toople has an experienced Management Team including the CEO Andy Hollingworth, ex Talk Talk Director and a 25 year veteran in the Telecoms Industry.

General view is that it will get taken out at some stage, possibly by someone like Daisy. Very under the radar at the moment and superb value, imho.

Apologies for O/T, but there's not much more to say about KCOM!
Posted at 10/5/2019 14:04 by skinny
I believe there is some level of ambiguity over the next dividend in the offer RNS :-

"If any dividend or other distribution is authorised, declared, made or paid in respect of KCOM Shares on or after the date of this Announcement, Bidco reserves the right to reduce the Acquisition Price by an amount up to the amount of such dividend or other distribution for each KCOM Share, in which case eligible KCOM Shareholders will be entitled to receive and retain such dividend or other distribution."

SO I assume the potential for a dividend is factored in?
Posted at 24/4/2019 15:38 by top tips
Great news and suggest small teleocoms company Toople (TOOP) could be next.

KCOM today agreed to be taken over for a cash offer of £504m (a 33.8 % premium to yesterday's closing price).





KCOM has 5% of the UK SME market and as TOOP are also targeting at least 5%, it thus gives a baseline takeout price for TOOP if they can get anywhere near a similar market share and TOOP's CEO has often cited KCOM in presentations for comparison purposes.

TOOP a potential 195x bagger from here!!

N.B.
TOOP market cap at 0.27p = £2.58m

£504m (KCOM takeover price) / £2.58m (TOOP market cap @ 0.27p)

= 195x bagger

TOOP target price = 195 x 0.27p = at least 52.6p
Posted at 24/4/2019 14:59 by skinny
Summary

· The boards of Bidco and KCOM are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by Bidco, a wholly-owned indirect subsidiary of USSL, of the entire issued and to be issued ordinary share capital of KCOM (the Acquisition). It is intended that the Acquisition will be implemented by means of a scheme of arrangement under Part 26 of the Companies Act (the Scheme).

· Under the terms of the Acquisition, KCOM Shareholders will be entitled to receive:

for each KCOM Share 97 pence in cash (the Acquisition Price)

· The Acquisition Price represents an attractive premium of approximately:

· 33.8 per cent. to the Closing Price of 72.5 pence for each KCOM Share on the Last Practicable Date;

· 36.1 per cent. to the volume-weighted average price of 71.2 pence for each KCOM Share for the one month period prior to the Last Practicable Date; and

· 38.0 per cent. to the volume-weighted average price of 70.3 pence for each KCOM Share for the three month period prior to the Last Practicable Date.

· The Acquisition values the entire issued and to be issued ordinary share capital of KCOM at approximately £504 million.

· If any dividend or other distribution is authorised, declared, made or paid in respect of KCOM Shares on or after the date of this Announcement, Bidco reserves the right to reduce the Acquisition Price by an amount up to the amount of such dividend or other distribution for each KCOM Share, in which case eligible KCOM Shareholders will be entitled to receive and retain such dividend or other distribution.

KCOM recommendation

· The KCOM Directors, who have been so advised by Rothschild & Co as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. In providing its advice to the KCOM Directors, Rothschild & Co has taken into account the commercial assessments of the KCOM Directors. Rothschild & Co is providing independent financial advice to the KCOM Directors for the purposes of Rule 3 of the Takeover Code.

· Accordingly, the KCOM Directors intend to recommend unanimously that KCOM Shareholders vote in favour of the Scheme at the Court Meeting, and in favour of the General Meeting Resolution to be proposed at the General Meeting, as the KCOM Directors who are interested in KCOM Shares have irrevocably undertaken to do in respect of their own beneficial holdings of 317,016 KCOM Shares representing, in aggregate, approximately 0.06 per cent. of KCOM's issued ordinary share capital on the Last Practicable Date.
Posted at 27/11/2018 07:05 by skinny
KCOM Group PLC (KCOM.L) announces its unaudited interim results for the six months ended 30 September 2018.

Summary

· Group revenue1 declined by 5%

· Group EBITDA1 up by 2%

· Hull & East Yorkshire continues to perform well and in line with market expectations

― Full-fibre deployment remains on target to be available to 100% of addressable market by March 2019

― Percentage of broadband customers taking full-fibre continues to increase

· Poor performance in national business segments driven by:

― Revenue decline in NNS, due to continuing churn

― Broadly flat revenue in Enterprise reflecting disappointing order intake performance

· NNS performance results in non-cash exceptional impairment of goodwill of £32.2 million

· Increase in net debt to £108.5 million (1.6x net debt: EBITDA), driven by:

― Capital investment in Hull & East Yorkshire segment

― Material working capital outflow, due to insourcing a managed service arrangement and unwind of deferred revenue balances in Enterprise

· Interim dividend of 1.00p (2017: 2.00p), reflecting Board's previously announced decision to revise full year dividend commitment to a minimum of 3.00p per share

Graham Sutherland, Chief Executive Officer said, "Despite only joining the business last month, I believe KCOM has considerable skills, assets and capabilities. The full fibre rollout in Hull and East Yorkshire leads the market, provides us with sustainable cash flows and enables the further development of our service offering. However, the current financial performance of our two national businesses is below our expectations, in particular, in National Network Services where we are experiencing high levels of customer churn. In the second half of the year, we will focus on three key priorities - review of our business strategy to identify how we create the best value from KCOM's assets, implementing initiatives to improve business performance and improving transparency through clear metrics on which our progress can be measured. We will be in a position to share outputs from the strategic review in March."


Outlook

The strong performance in Hull & East Yorkshire is expected to continue during the second half of the year, supported in part by the launch in early December of a new unlimited fibre broadband portfolio for consumer customers.

While we have started to take action to address some of the issues in our national segments, we anticipate that the trading performance in Enterprise and National Network Services will remain challenging during the second half of the year and that this will continue into next year. As a business, we are seeking to address these medium-term challenges by reducing cost and complexity at the same time as identifying those opportunities to deliver value from KCOM's assets. The Board believes that the Group has the potential to execute well on those opportunities.

The Board previously announced its intention to recommend a minimum full year dividend of 3.00p per share for the current year.


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