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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cordiant Digital Infrastructure Limited | CORD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.40 | 0.62% | 64.40 | 14:43:58 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 64.80 | 63.40 | 64.80 | 64.40 | 64.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
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 01/11/2023 07:07 by jonwig Cordiant Digital Infrastructure Limited (the "Company"), the operationally focused specialist digital infrastructure investor, is pleased to confirm that Steven Marshall, Chairman and Co-Founder of Cordiant Digital Infrastructure, purchased on Friday 27 October 2023 a total of 1,127,957 ordinary shares in the capital of the Company at a price of 61.0 pence per ordinary share.Following this purchase, Mr Marshall owns a total of 6,927,957 ordinary shares. The number of ordinary shares held by the Directors of the Company and the Investment Manager (either directly or by its staff) now represents 1.20% of the entire issued share capital of the Company. |
Posted at 20/9/2023 07:12 by jonwig Cordiant Digital Infrastructure Limited (the "Company"), the operationally focused specialist digital infrastructure investor, is pleased to confirm that Steven Marshall, Chairman and Co-Founder of Cordiant Digital Infrastructure, has purchased a total of 1,000,000 ordinary shares in the capital of the Company at a weighted average price of 71.4 pence (at a high of 72.4 pence and a low of 70.4 pence).Following these purchases, Mr Marshall owns a total of 5,300,000 ordinary shares. Clearly the market is providing an opportunity! |
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." |
Posted at 20/10/2022 07:15 by jonwig RNS:Cordiant Digital Infrastructure Limited, an investor in the core digital infrastructure that enables modern communications and the internet, is pleased to confirm that ahead of the half-year closed period and in response to wider market volatility, over recent weeks members of the Board (as previously announced) and individuals within the Investment Manager have purchased a total of 374,539 ordinary shares in the Company at an average price of 89.5pper ordinary share. Following these purchases, the total number of ordinary shares held by members of the Board and the Investment Manager (either directly or by its staff) represents 0.52% of the entire issued share capital of the Company. |
Posted at 05/5/2021 20:20 by speedsgh Cordiant Digital Infrastructure Limited will be the first UK investment company providing investors with dedicated exposure to the core infrastructure of the digital economy. The Company will invest in Data Centres, Telecommunications Towers and Fibre Networks in the UK, Europe and North America to seek to generate attractive total returns of at least 9 per cent. p.a. over the longer term (comprising capital growth and a progressive dividend).IPO prospectus - £370m raised at IPO... Result of Initial Public Offering - Cordiant Digital Infra seeks 9% return in ‘internet plumbing’ (26/1/21) - Cordiant makes big splash, puts digital assets on the map (15/2/21) - Cordiant, peak newsflow and what next for bullish investors (17/2/21) - |
Posted at 19/2/2021 12:49 by zeppo Hard to know why some are bailing out so soon.If a holder of more than 5% sells any of their stock: there has to be an RNS. RNSs show that two 'institutional investors have each put in £37 Million and own 20% of the stock between them. Some IPOs eg Doc Marten rise on the first day. Possibly some investors may have been gambling on an early rise and cannot afford to hold their speculative investments. There are also many bargains around at the moment so some may simply switch. I await further RNSs especially on what infrastructure has been bought with the £370 million and what that investment will earn for shareholders. If this company proves to be successful there may be possibly Rights issues in the future to help grow the infrastructure acquisitions. If that happens they will be discounted and by then we will know whether or not to have confidence in the company. Dividends have been promised. We can wait a little longer with this. |
Posted at 17/2/2021 14:50 by zeppo Ocorian supports LSE-listed digital fundPosted: 16/02/2021 Ocorian has supported the launch of Cordiant Digital Infrastructure Fund – said to be Guernsey's first London Stock Exchange-listed fund focused on investing in digital infrastructure assets. The fund, managed by Canadian asset manager Cordiant Capital, has listed on the Specialist Fund Segment of the London Stock Exchange's Main Market. It raised £370m from its IPO through the issuing of 370 million shares at 100p each and additional subscription shares to IPO investors that can be held in an ISA. The £370m fundraise surpassed the initial target of £300m. The listing also makes the fund the first Guernsey-incorporate Cordiant intends to capitalise on the growth in data consumption and traffic by investing in digital infrastructure assets in the UK, Europe and North America. Its focus will be on data centres, mobile telecommunications/b Ocorian has supported Cordiant throughout the IPO process and will provide fund administration, accounting, reporting and regulatory services to the fund, which is registered with the Guernsey Financial Services Commission as a closed-ended collective investment scheme. |
Posted at 17/2/2021 12:57 by pob69 As always from David Stevenson an interesting article covering CORD (and the forthcoming D9 IPO) |
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