Share Name Share Symbol Market Type Share ISIN Share Description
Cityfibre LSE:CITY London Ordinary Share GB00BH581H10 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -0.23% 54.125p 53.75p 54.50p 54.25p 54.125p 54.25p 67,868 11:15:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 15.4 -12.6 -5.0 - 342.42

Cityfibre Share Discussion Threads

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I would guess those with larger holdings, but I don't know for sure - certainly I was included. If there was a cut off they should have publicised it.
Have all shareholders had the chance to buy in the placing at 55p.
As a shareholder, I have been given an opportunity to subscribe in the placing at 55p. I hold these shares through Youinvest (AJ Bell) and had a corporate action notice from them today. I do plan to participate. The financials will look a lot better once the very expensive loan they took to finance their last big acquisition is paid off which presumably this will enable them to do. I have to make the application by the 19th July with a minimum application of 2000 shares.
Monty, you are not mad. Where can i buy some of these shares at 0.55, the same price that Woodford and others pain :-)
I must be mad holding this. A company with a decent business who has a predilection for raping its small shareholders every time it raises money.
Woodford bought a further 250,000 shares on Friday.
i see Gigaclear just raised over £100m from shareholders. no shortage of funding for these long term assets in the absence of yield elsewhere.
Would appear results presentation roadshow must have eased whatever worries were out there and shares (63-66p at close today) a steady climber since. httPS://
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.
I don't have a ticket as im in Thailand now, but i hope to be back in England for the final..... :)
I agree. Bad planning. Can I have your ticket?!
jack jebb
sounds like it has to equity before debt - or a mixture
CityFibre hires Macquarie, Rothschild to advise on funding plans - reports CityFibre [LON:CITY], a UK-based fibre optic network company, has reportedly hired the investment banks Macquarie and Rothschild to advise on funding plans, an report on Monday, 3 April, cited an item on the TMT Finance website for the information. The report quoted one person familiar with the situation as stating, CityFibre needs to renegotiate a debt of around GBP 100m (EUR 117m) this year as the debt carries a very high interest rate. CityFibre is looking to secure a fresh debt facility in addition to refinancing the GBP 100m debt so as to finance network investment, according to the report. CityFibre could as an alternative pursue an equity fundraising, the item said. However, a person familiar with CityFibre thought that doing so might be dilutive, the article added. A sale to a rival is another option for CityFibre, the person added. However, CityFibre executives do not want to sell before the company reaches its potential, the person added. The person tipped CityFibre’s rivals Zayo [NYSE:ZAYO] and euNetworks [SGX:EUNG] as two potential buyers for its network assets. CityFibre later, on 3 April, issued a response to what it described as “media speculation.” The stock exchange announcement from CityFibre follows: Response to media speculation CityFibre (AIM: CITY), notes the recent speculation relating to its future expansion plans. The Company has previously announced that the expansion of its fibre footprint is the core of its long-term strategy. The Company consistently reviews, with its advisors, all of its opportunities and how to finance them in the most efficient way. This is particularly relevant in light of the recent Ofcom review and DCMS announcement which may give rise to a number of exciting opportunities.
expansion means more shares issued shares normally go down on such news
Must admit, cant find the said "media speculation" but... Response to media speculation CityFibre (AIM: CITY), notes the recent speculation relating to its future expansion plans. The Company has previously announced that the expansion of its fibre footprint is the core of its long-term strategy. The Company consistently reviews, with its advisors, all of its opportunities and how to finance them in the most efficient way. This is particularly relevant in light of the recent Ofcom review and DCMS announcement which may give rise to a number of exciting opportunities.
So, is this Telewest mk 2 if anyone can remember that far back ?
Techmarketview: Ofcom, BT agree on Openreach compromise BT Group's compliance with Ofcom's request to legally separate its Openreach infrastructure division from the rest of the company (see Openreach: the dance goes on) should have the positive effect of speeding up the process without the delay of any judicial challenge. The move will see 32,000 BT Group employees transfer to Openreach which will be run as a separate company with its own non-BT branding, chairman and board of directors responsible for Openreach's operating plans and technology strategy. But ultimately Openreach will still be accountable to (and controlled by?) the BT Group chief executive and trading will remain with BT. Both Ofcom and BT hailed the accord as a success though rival broadband providers wanting a complete severance of all Openreach ties to its parent company will remain cautiously sceptical. Other high speed fibre optic networks are available in many of the UK's major towns and cities courtesy of Virgin Media Broadband, Vodafone, Sky and other retail suppliers. CityFibre too is emerging as a credible alternative to BT Openreach on wholesale supply (subscribers to SecureConnectViews can read our report CityFibre: building Britain's broadband future here). But the vast majority of UK copper and fibre broadband infrastructure is still under BT control and competitors have long complained of difficulties and delays accessing the Openreach network to provision their own services. The timing of the announcement looks significant on paper, coming a day after BT Group announced a new chairman in Rio Tinto chief Jan du Plessis. Like a football team appointing a new manager, we detect a desire to kick off with some positive news to boost confidence all round. But it is equally likely that du Plessis and other BT execs simply felt this particular Openreach battle was simply a battle not worth fighting considering the company's more pressing concerns elsewhere.
Here here!!
Response to legal separation of Openreach March 10, 2017 “The real story here is the UK’s shocking ‘fibre gap’. Whilst it is welcome that these time-consuming negotiations seem to be at an end, there is nothing in this announcement to suggest Openreach will now start to build the fibre infrastructure this country needs. Ofcom’s focus needs to shift to encouraging alternative fibre builders to do the things Openreach can’t or won’t do – whatever its legal status. “CityFibre is well placed to take on that challenge and to meet Ofcom’s strategic objective of reducing the UK’s reliance on Openreach to get the job done. The substantial Government funding for fibre announced in the budget this week will help to accelerate our own full fibre rollout programme.” – Mark Collins, CityFibre’s Director of Strategy and Policy
Good rebound recently. Hopefully get a bit more colour on govt's digital investment in the budget tomorrow. finnCap have 130p target, Liberium 138p
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.”
TechMarketView have published a New Research Note. Not a subscriber but they are well followed, so may generate some interest now. Friday 03 March 2017 *NEW RESEARCH*: CityFibre – building Britain’s broadband future In any two horse race, backing the second favourite is always a good bet and UK wholesale fibre specialist CityFibre is now poised to become a credible competitor to BT Openreach. The company grew its revenue 134% last year after buying network assets from KCOM and Redcentric, and continues to capitalise on the political and financial stimulus behind improving the UK’s digital infrastructure coupled with pent-up demand for high speed fibre broadband from businesses and consumers. hxxp://
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