Cityfibre Share Discussion Threads

[phillis] 28/9/2017 11:14

not much organic growth compared to first half last year

-- New contracts sold comprising 712 new customer connections (H1 2016: 3,702, of which 1,782 were organic), bringing cumulative connections sold to 7,993;

[samdb] 28/9/2017 08:41

Didn't think results were that bad

[1224saj] 15/9/2017 14:07

Where's a statement from the board, their stock has just fallen off a cliff against a negative note from an analyst

[karadas09] 12/9/2017 19:06

It's a strange one. At 35p CITY would have a market cap of about £220m. But they just raised £200m in fresh funding and had net assets at the start of the year of £108m. So this broker is either thinking the company is making huge losses or the assets are only worth a fifth of their book value?

[george stobbart] 12/9/2017 17:00

The report is from the same analyst that used to work at Haitong Securities (had a Sell recommendation back then) and now moved to Numis. He has used "average" SMEs data in his analysis and include the average MBs requirement for the chip shop, laundry, butchery in the UK for a company like CITY that mostly sells its infrastructure to third party operators such as TalkTalk!

Nothing really changed fundamentally to the company.

[nimrod22] 12/9/2017 14:07

If there isn't some other bad news out there not yet revealed then the share price looks oversold.

[nimrod22] 12/9/2017 13:43

Other than the sell recommendation by Numis is there some other adverse news??

[this_is_me] 30/8/2017 13:20

It looks like if you bought shares at 55p in the placing it wasn't a good idea. Strange how the big boys didn't hoover up all the shares but left a lot for the PIs!

[1224saj] 29/8/2017 15:24

Post 67, do you know where we can find the vesting criteria relating to share price and profit targets for these nil cost options to the exec

[george stobbart] 23/8/2017 17:03

Watch our for M&A activity, especially for CityFibre being a takeover target for the ZAYO Group at some point the next 12 months.

[kevph] 23/8/2017 07:38

Wow, way to go. c£6m share awards for a company turning over less than £20m. I thought this was to reward sales and profit growth, not the ability to raise money and market cap!

[pentangle] 18/7/2017 16:21

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.

[welsheagle] 17/7/2017 09:27

Have all shareholders had the chance to buy in the placing at 55p.

[pentangle] 13/7/2017 22:48

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.

[1224saj] 10/7/2017 12:25

Monty, you are not mad. Where can i buy some of these shares at 0.55, the same price that Woodford and others pain :-)

[monty9] 10/7/2017 09:27

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.

[george4064] 08/5/2017 13:58

Woodford bought a further 250,000 shares on Friday.

[oregano] 05/5/2017 14:32

i see Gigaclear just raised over £100m from shareholders. no shortage of funding for these long term assets in the absence of yield elsewhere.

[rambutan2] 03/5/2017 18:35

Would appear results presentation roadshow must have eased whatever worries were out there and shares (63-66p at close today) a steady climber since.

[varies] 29/4/2017 18:00

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.

[blue442] 17/4/2017 10:01

I don't have a ticket as im in Thailand now, but i hope to be back in England for the final..... :)

[jack jebb] 17/4/2017 09:01

I agree. Bad planning.

Can I have your ticket?!