We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cordiant Digital Infrastructure Limited | CORD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.40 | 2.19% | 65.40 | 14:07:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 65.20 | 64.00 | 65.40 | 64.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 29/11/2023 | Interim | GBP | 0.02 | 07/12/2023 | 08/12/2023 | 22/12/2023 |
| 22/06/2023 | Interim | GBP | 0.02 | 29/06/2023 | 30/06/2023 | 21/07/2023 |
| 29/11/2022 | Interim | GBP | 0.02 | 08/12/2022 | 09/12/2022 | 23/12/2022 |
| 24/11/2021 | Interim | GBP | 0.015 | 23/06/2022 | 24/06/2022 | 21/07/2022 |
| 24/11/2021 | Interim | GBP | 0.015 | 02/12/2021 | 03/12/2021 | 16/12/2021 |
| Top Posts |
|---|
Posted at 25/3/2024 17:28 by melody9999 I had same Spec and will be speaking to AJBell tomorrow. They originally told me it was BSIF that had failed; now they tell me it is CORD.I don't believe this is the case with either of the 2 companies and will be seeking clarification. |
Posted at 20/3/2024 07:00 by spectoacc Agreed, albeit hasn't stopped me buying more yesterday.Could be eg Newton, who went from 9.98% to 4.94% in one RNS previously. Dumping nearly 5% of CORD has to have a big effect on the price. Just speculating - could be any of the usual suspect fund managers like the lamentable M&G, Schroders, Quilter, Rathbones etc. They're all seeing redemptions, they're all selling down, particularly the more illiquid as their overall portfolios shrink. |
Posted at 08/3/2024 15:46 by cousinit One of the things I find strange with CORD is how the buyback is being conducted. It's very sporadic, along with the fairly chunky Chair and manager purchases.I'm not sure if this is due to them having inside information regularly? Clearly as well as results there are potential deals/bolt ons that they might consider significant enough to be price sensitive. The cash allocated to buybacks isn't that substantial given the size of the trust but I do wonder if they could issue it as an arm's length mandate so it can continue during some closed periods? The last buyback was 11th Feb and we've been on a fairly wild ride since then... |
Posted at 07/3/2024 16:40 by spectoacc Close was a little high but nice to see 250k 73p, 250k 72.85p, 520k 73p, 300k 73p. Some may be two sides, but CORD remains in demand. |
Posted at 20/2/2024 14:28 by riverman77 Also bought some down here - seems to have been unfairly tainted by troubles at DGI9, but underlying performance looks fine. The key things I look for on these discounted ITs is dividend cover and debt. CORD looks fine here - dividend is 1.5x covered by cashflow and debt looks reasonable. Big director purchases another good sign. |
Posted at 19/2/2024 08:45 by spectoacc LABS gets in only on size of discount :)GSF I think will endure. But BBGI the only one above I'd trust for a decade. Maybe TRIG too, but a Labour govnt? CORD sits somewhere in the middle for me - has only been going since 2019, and most late-ZIRP ITs have been found wanting (albeit it's no DGI9 or HOME). |
Posted at 19/2/2024 08:40 by cousinit I'm looking at CORD as something that might be worth holding for the next decade. Can't say that about all the other discount opportunities out there (although LABS is the only one I wouldn't yet touch from your list Specto) |
Posted at 19/2/2024 08:28 by spectoacc Aside from the fact the low was below 60p, the main problems are overhang (despite CORD having also been buying back in size), and Opportunity Cost. is it a better bet than many of the other seemingly dirt cheap ITs out there?Still got a residual holding in CORD having not sold all on the bounce. Other things that seem cheap - LABS, GSF, BBGI, TRIG - etc. |
Posted at 06/2/2024 09:11 by cc2014 That's the nature of the stock market. Sometimes it just goes irrational imho. And sometimes it goes irrational for extended periods of time and it's necessary to just wait while things sort themselves out.There are a number of things going on but for sure DGI9 is not helping. Poorly researched investors (and that would include institutions) are going to wonder if DGI9 can repeat itself here and until those investors are off the register and replaced with ones who have higher levels of conviction the share price is going to remain depressed. In the long run of course the figures will speak for themselves but I suspect it's going to take 12 months before the market sees sufficient separation between DGI9 and CORD that CORD starts to get valued as it should. I also fear we have not yet seen the end of the issues at DGI9 and investors will remain disappointed over there. Arqiva looks a right mess to me. We will see how things progress from here. CORD has done most of the investment phase now it's time to see the growth path and how good the management are at managing them |
Posted at 24/8/2023 10:38 by speedsgh Acquisition of Speed Fibre Group - Cordiant Digital Infrastructure Limited (the "Company" or "CORD"), an operationally focused specialist digital infrastructure investor, is pleased to announce that it has entered into an agreement to acquire the entire issued share capital of Speed Fibre DAC ("Speed Fibre"), Ireland's leading open access fibre infrastructure provider (the "Transaction"). Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5 million. The equity consideration of €97 million will be funded by €68 million in cash and €29 million through a vendor loan note with an initial interest rate of 6% and a maturity of four years. On closing, Speed Fibre will be the fourth digital infrastructure platform acquired by the Company since its launch in 2021 and is consistent with its investment programme of buying strategic, cash flow generating platforms under its "Buy, Build & Grow" model. The acquisition further diversifies CORD's portfolio on a sub-sector and geographic basis. The Transaction is subject to customary regulatory approvals in Ireland and the United Kingdom and is expected to close later this year. Speed Fibre operates 5,400 kilometres of owned and leased fibre and wireless backhaul across Ireland, on which it provides dark fibre, wavelength and ethernet services to a mix of carriers, internet service providers, corporate customers, and the government. The business is also well-positioned to serve Ireland's growing data centre sector, which is expected to be the fastest growing hyperscale data centre market in Western Europe over the next six years. While primarily a backbone provider, Speed Fibre's subsidiary, Magnet Plus, provides connection and service to approximately 10,000 business and retail customers in Ireland. With a stable business model, sales growth and high revenue and cash flow visibility, Speed Fibre generated revenues of c. €80 million and EBITDA of c. €23 million in 2022. Outstanding gross debt of c. €111 million as at December 2022 and which matures in 2029 is provided by three bank lenders, all of whom have committed to continue to support Speed Fibre under the Company's ownership. Gross debt was balanced by c. €19 million of cash on hand at year end 2022. Speed Fibre has a strong ESG and sustainability focus, earning a 5-star rating from GRESB, an independent organisation providing validated ESG performance data, and is targeting net zero carbon emissions by 2040. Shonaid Jemmett-Page, Chairman of Cordiant Digital Infrastructure Limited, said: "As a fourth significant investment, Speed Fibre represents a further strategic milestone for the Company. Speed Fibre operates in a new market for CORD where data consumption growth is expected to be among the highest in Europe. This provides additional portfolio cash flow supported by high visibility revenues from wholesale contracts with global blue-chip customers and offers the potential to generate long-term value and attractive returns to shareholders." Steven Marshall, Chairman of Digital Infrastructure at Cordiant Capital, added: "We are delighted to add another pillar to the Company's portfolio. Speed Fibre is uniquely positioned as the leading independent national fibre and wireless backhaul operator and is poised to play an expanding role in Ireland's digital economy. We expect to drive organic growth from existing customer traffic on its current network plus invest growth capex in new strategic fibre projects around Ireland and beyond." Benn Mikula, Co-CEO and Managing Partner at Cordiant Capital, added: "Speed Fibre is a further step in the growth and diversification of the Company's portfolio. We are deploying capital into a key market in Western Europe's evolving data economy. Moreover, Speed Fibre's position as an important wholesale fibre and backhaul platform offers growth potential and complementarity with other digital infrastructure assets. The Transaction reinforces our 'Buy, Build & Grow' strategy." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
