Cityfibre Share Discussion Threads

[phillis] 18/1/2018 10:03

at £40m just for MK the whole country is going to cost mucho

[opodio] 31/12/2017 15:54

Rights issue before end of JANUARY?

[ltinvestor] 31/12/2017 15:18

Don’t believe me just ask Sky for their opinion on Cityfibre!!

[bigbigdave] 31/12/2017 07:31

One of the Sunday Times picks for 2018.

[gerdmuller] 21/12/2017 15:02

VOD started testing 5G.

This was on the VOD board. I have a few of them as well but when this gets moving it probably will be more significant for CITY. 5G on the way with CITY at the forefront.



“We’re delighted to be the first provider to test standalone 5G in the field, however, building a 5G network will take time,” said Vodafone UK head of networks

Kye Prigg. “Right now, we’re also modernising our network by making smarter use of our existing mobile technology to keep ahead of consumption demands and provide the mobile coverage our customers deserve.”

“5G also needs fibre optic cables,” Prigg added. “Together with CityFibre, we will soon start work installing the advanced fibre networks providing high-capacity backhaul connections required for 5G mobile services.”

Vodafone it should be remembered signed a deal in 2015 with CityFibre to bolster its mobile network with CityFibre backhaul. It also acquired the fixed-line network of Cable & Wireless Worldwide (C&WW) back in 2012 for £1 billion.

“Supporting our customers in making 5G a reality is key for us,” explained Marielle Lindgren, Head of Ericsson in the UK and Ireland. “This is a live trial in a densely populated central London urban area and the first time in the UK that we’ve been able to show pre-standard 5G working independently.”;

[george stobbart] 11/12/2017 16:18

For the 1000th time, the company does not need any equity financing until H2 2018. It is well capitalised for the first 12 cities. It needs immediately long-term infrastructure debt financing from Macquarie / Rothschild - the announcement will be released the upcoming weeks. If the price continues to trend downwards the most likely effect will be a takeover rather than a rights issue. The last equity raise was announced when the price was 70p

[vatpaul] 11/12/2017 15:53

placing at 40p?

[rathean] 07/12/2017 15:12

Brokers are the definition of vested interest, I wouldn't take much from it except the general sentiment.Worry here is a fund raise that dilutes short term shareholder value, would be nice to get some visibility on this. For the record I'm watching having sold after the recent rise.

[george stobbart] 05/12/2017 09:45

The target prices are:

RBC 200p
Macquarie 100p
Peel Hunt 100p
Finncap 90p
Liberum 80p
Numis 30p

So the only divergence is from the Numis analyst. If you research his past and his relations with the BT Group you will understand the reasons of this 30p.

[gerdmuller] 05/12/2017 09:20

From yesterday. Numis sell target price 30p. Peel Hunt buy target price 100p.

So that is clear, the people who get paid hundreds of thousands a year to analyse this are just as clueless as me. Or perhaps one of them is at least.

Be interesting to know why such a divergence though. And people actually pay a fortune for this stuff!!!!!!

[gerdmuller] 01/12/2017 23:05

I thought Soros was still shorting Francs against the Buba anyway.

Perhaps he has given up. That headline takes me back.

[george stobbart] 01/12/2017 18:03

At the World CommunicationsAwards held this week Hyperoptic scooped the “broadband pioneer” award.Over 100 UK developers now use Hyperoptic to install and connect their fibre optic broadband service!!They are now installing in 45 UK cities so think hard before investing in CityFibre.Cityfibre should win the “smoke and mirrors” award.


Thank you for your comprehensive financial analysis.

[ltinvestor] 01/12/2017 17:51

So so wrong!!!’Good luck with your investment here.lol

[gerdmuller] 01/12/2017 16:36

I like this part from them.

The company was taking on "cheap" debt rather than issuing new equity to avoid diluting Mr Soros’s fund.

In other word, I've put enough in let some other mug take the risk. Can't blame him really.

[ltinvestor] 01/12/2017 08:40

At the World CommunicationsAwards held this week Hyperoptic scooped the “broadband pioneer” award.Over 100 UK developers now use Hyperoptic to install and connect their fibre optic broadband service!!They are now installing in 45 UK cities so think hard before investing in CityFibre.Cityfibre should win the “smoke and mirrors” award.

[george stobbart] 30/11/2017 09:39

Regarding the debt it is almost certain that they will receive long-term infrastructure debt after having 20% of the volume guaranteed by Vodafone. They have already announced that they are in talks with Macquarie & Rothschild and they announcement will come in Q1 2018 for the refinancing of the debt.

There is no chance of a rights issue as I said until H2 2018/H1 2019 - the balance sheet is well capitalised for the first 5 - 12 cities.

[rathean] 29/11/2017 18:12

Can't guarantee this won't include a rights issue, huge investment / debt needed to fund expansion, Vodafone deal offers future revenues but limited short term upside.

[george stobbart] 29/11/2017 13:57

The selected first 3-5 cities of the Vodafone deal will soon be announced. And also the long-term refinancing of the current debt to follow shortly which obviously will not require any additional equity funding.

No rights issue is required until H2 2018/H1 2019 if you look at the balance sheet numbers+debt.

Amazing entry point at 60p

[montyhedge] 19/11/2017 18:04

Yes will it be a placing to institutional investors or rights issue to shareholders.

[opodio] 19/11/2017 12:04

time for a rights issue i guess

[ltinvestor] 19/11/2017 11:54

Article in today’s S. Times on CityFibre and their ceo’s ambitions.LT