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CORD Cordiant Digital Infrastructure Limited

64.00
0.00 (0.00%)
Last Updated: 10:07:45
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cordiant Digital Infrastructure Limited LSE:CORD London Ordinary Share GG00BMC7TM77 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 64.00 562,575 10:07:45
Bid Price Offer Price High Price Low Price Open Price
63.40 65.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 103.38M 81.18M 0.1056 6.06 491.88M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:41:29 O 273 64.0599 GBX

Cordiant Digital Infrast... (CORD) Latest News

Cordiant Digital Infrast... (CORD) Discussions and Chat

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Date Time Title Posts
24/4/202412:32Cordiant Digital Infrastructure Ltd139
06/5/202108:45INFRASTRUCTURE FOR THE INFORMATION AGE30

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Cordiant Digital Infrast... (CORD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:41:3064.06273174.88O
10:16:4164.653,0001,939.63O
10:11:3564.00150,00096,000.00O
10:11:1664.00157,265100,649.60O
10:00:1264.6514,7929,563.65O

Cordiant Digital Infrast... (CORD) Top Chat Posts

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Posted at 25/4/2024 09:20 by Cordiant Digital Infrast... Daily Update
Cordiant Digital Infrastructure Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker CORD. The last closing price for Cordiant Digital Infrast... was 64p.
Cordiant Digital Infrast... currently has 768,559,707 shares in issue. The market capitalisation of Cordiant Digital Infrast... is £491,878,212.
Cordiant Digital Infrast... has a price to earnings ratio (PE ratio) of 6.06.
This morning CORD shares opened at -
Posted at 15/4/2024 09:27 by cc2014
Perhaps I should not write this for fear of sellers instantly magically appearing from the ether, but it seems like our large seller has stopped and the share price is now recovering as any buyer is having to pay close to full price.

It's been 66p on the bid for over an hour without any sign of any significant seller and that does seem a good sign. As short time ago as the middle of last week any volume coming on the book at any decent price was getting ripped off so that seems to have finished.
Posted at 19/3/2024 16:53 by lord gnome
In my experience Speccy, that's always a good indication that the share price is going lower.
Posted at 14/3/2024 12:20 by cc2014
Decent update again today although I sense the management are fed up with the share price being where it is.

It will be interesting to see whether they buy back another bunch of shares.
Posted at 08/3/2024 08:46 by cc2014
Presumably one of the sides is Newton continuing to sell down and the other is the rest of the market.

Or perhaps some of the people who bought around 65p are selling for a quick profit.


Either way as I agree the volume is healthy and it's grinding down the sellers.

I suspect once Newton are out the share price will pop up pretty quick
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 08/2/2024 13:36 by cc2014
I guess the share price has fallen some more on the back of further difficulties at DGI9.

I am happy to take advantage and have added again this morning.
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 05/2/2024 21:09 by cousinit
Well the DGI9 call today was pretty dire (seemed like a tick box exercise by that Board) so presume sentiment has (again) leaked over to CORD.

With the recent battery fund share price collapses fresh in the mind, I suspect a number of PIs are selling anything that bears the slightest appearance of being adjacent to a known binfire.
Posted at 30/11/2023 08:54 by cc2014
#76

Imho price got dragged down by the terrible goings on at DGI9 in same sector.

Market now understands that none of the issues at CORD are applicable to CORD and share price is recovering.
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."
Cordiant Digital Infrast... share price data is direct from the London Stock Exchange

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