Cityfibre Share Discussion Threads

[nina65] 09/11/2017 17:30

Fantasy share...

[qs99] 09/11/2017 17:10

Yup could go much much higher on this RNS IMO once market digests it properly! GLA

[pre] 09/11/2017 16:03

Staggering potential growth here...1 million homes equates to £500m, a further 4 million homes would be £2000m, totalling £2.5BN for 5 million homes...no wonder the broker upgrades are re-rating this imo,dyor etc.

[qs99] 09/11/2017 15:56

actually on the back of that RNS, just retracing to recent highs of 70-80p would be a good first start IMO

[qs99] 09/11/2017 15:52

blimey, £2? Sitting at 57p to buy? that is some mark up!

[george stobbart] 09/11/2017 14:58

RBC Capital markets raised their TP to 200p

[gerdmuller] 09/11/2017 14:53

Peel Hunt seem to have doubled their target price to 100p today. Other 2 today at 80p and 90p so who am I to disagree.

[karadas09] 09/11/2017 13:13

Great deal, and bearing in mind the tangible assets held and the amount of cash on the balance sheet from the recent equity raise @55p not overvalued at this price.

Old Mutual have been building up a signficiant short position in this stock over October. ooops!

[sphere25] 09/11/2017 11:33

Not familiar with this stock, but had a go because there's some serious volume coming in here, and monster buy orders appearing in the auctions.

Someone has dumped 485,955 at 54.72263 and the price didn't budge - serious demand for stock here.

[pre] 09/11/2017 11:14

New contract worth more than the current mkt cap...extraordinary deal,well done to management here.

[farmsted] 09/11/2017 09:39

Best Birthday present this morning,long holder

[pre] 09/11/2017 09:01

That's some almighty big buy trades going through....II's snapping up stock on the cheap imo..

[pre] 09/11/2017 08:19

do they start next year...mkt cap over £300m now...

[phillis] 09/11/2017 07:53

Excellent news

[erbullion] 05/10/2017 08:11

Takeover maybe?

[theprovosts] 05/10/2017 07:46

interesting to note the fantastic volume supporting this rise.

[ltinvestor] 29/9/2017 07:39

Hyperoptic is growing at a rapid rate and now has infrastructure in 45 U K cities.They have won numerous awards and are backed by George Soros.Unfortunately they are a private company!

[masurenguy] 29/9/2017 00:37

Cityfibre
One day, fibre-optic broadband will be a prosaic part of the landscape of British towns, no more interesting than plumbing and phone lines. For the next few decades, though, it’s the centre of an enormous race to connect as many properties as possible to the network. Cityfibre has raised more than £200 million since floating in 2014 to take over cables already in place outside the M25, before filling in the gaps. It now has 42 urban networks that, when complete, could give high-speed direct lines to almost 4.4m homes.

It’s early days, but the group makes money in three ways: installing big cables and street cabinets; installing direct cables into properties; and in its recently-acquired internet service provider Entanet. It will lose money as it spends close to £400m on its network over the next three years, according to analysts at Liberum. This year, the company aims to launch direct connections to homes in up to ten towns, following a trial in York with Sky and Talktalk.

MY ADVICE Buy. WHY A rare chance to back early-stage UK infrastructure

Complete article here:

[george stobbart] 28/9/2017 16:46

Three catalysts for CityFibre in the near term:

1) Sign new partnership agreements (with companies such as Vodafone or Arqiva) and expand in many cities rather than just five

2) Debt restructuring

3) Becoming an M&A target - the Zayo Group has always been seeking to expand outside London

[karadas09] 28/9/2017 16:31

@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.

[1224saj] 28/9/2017 15:00

IPO in 2014 at 65p share, new low at 39.5 today, massive dumping of stock, what are we missing as PI's something is not right. The results were not a disaster but this sell off has been going on for the last 10 days??

[1224saj] 28/9/2017 14:09

I wonder what Woodford is saying about his 18% investment at 55p a share that has just fallen off a cliff - 30% down :-(

[1224saj] 28/9/2017 11:49

The broker from Numis must have seen what was coming down the line on the 12th September. I think the exclusive deals on distribution is limiting their market.
They should open the channel to the Independent Telco's of which there are in excess of 1500 across the the country. That will speed up new connections in the 42 Metro sites they have access to IMHO

[karadas09] 28/9/2017 10:33

Progress is signing up customer connections is disappointing, but tangiable net assets at 30 June are around £100m and they have just raised £200m new capital. Therefore the market cap of £249m is valuing the company quite cheaply in my opinion and makes CITY an interesting takeover target if nothing else.