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IXE Ixeurope

139.75
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Ix Europe Investors - IXE

Ix Europe Investors - IXE

Share Name Share Symbol Market Stock Type
Ixeurope IXE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 139.75 01:00:00
Open Price Low Price High Price Close Price Previous Close
139.75 139.75
more quote information »

Top Investor Posts

Top Posts
Posted at 15/5/2007 17:36 by cat
Summary from Charles Stanley note out yesterday:

BUY
Share price momentum set to continue
Since we initiated coverage in March, IXEurope's share price has risen 46% and is now within 5% of our initial short term target price. We attribute the rise to an increasing understanding of the fundamental attractions of carrier neutral data centres, which include rising demand for the limited supply of data centre space, leading to higher prices and occupancy levels. In this note we detail further evidence of these trends which holds out the prospect of upgrades to our forecasts for IXEurope as a result of both price increases and the likelihood that during H2 2007 the company will announce the commissioning of Phase II of its London4 data centre. We introduce a 12 month price target of 126p per share, which is subject to further upside from potential upgrades to our forecasts and increasing momentum from, for example, the likely flotation at a premium rating of TelecityRedbus later this year.
No let up in demand for DC space. We have spoken recently to a number of data centre operators in the UK and Europe all of whom report strong growth in demand. The latest estimates from CBRE show that forecast vacancy rates (of both fully fitted and shell & core stock) in London will fall to c3% by 2009 from the current 19%. In Europe as a whole the total take-up of 64,000 m² in 2006 is greater than the current level of fully fitted space, which currently stands at 51,000 m².

�� Forecast supply continues to be constrained. The limiting factors of sufficient power supply, connectivity and planning permission continue to represent the major barriers to additional supply. Earlier this week Colt Telecom announced that it was commissioning a new 8,500 m² DC site just outside London. This new data centre had been in the pipeline for some time and was included in forecasts for the market as a whole. As such, it does not represent a loosening of supply which we expect to continue to remain constrained, particularly in the London area.
�� TelecityRedbus' flotation will raise investor awareness. Press reports indicate that TelecityRedbus has appointed advisers for a flotation or trade sale. The mooted £500m price tag represents a c80% premium to IXEurope based on comparisons of revenues and net available data centre space. We expect that a TelecityRedbus flotation process would add momentum to IXEurope's share price.
�� We maintain our Buy recommendation with a 12 month price target of 126p. Our valuation method is based on discounted EV/EBITDA and price/ earnings ratios of IXEurope's current portfolio at maturity. We have also compared IXEurope to its quoted peers, Equinix and Switch & Data, to which IXEurope trades at a 16% discount on an EV/EBITDA basis. Our 126p price target represents 10x EV/EBITDA and 20x earnings at maturity, discounted back at 20% per annum.
Posted at 02/3/2007 20:14 by hattori_hanzo
sp - lol!

I know where you're coming from. These facts & figures can be difficult to quantify. At the end of the day, quality is all important and the cream will always rise to the top, eventually.

I too, generally speaking, prefer close watching to setting fixed stops and as I'm a full time investor it makes it easier.

I'll return to my watching brief on IXE, for now, but, as I said, I'm poised to pounce.

I look forward to chatting with you again. Good luck.

ps: Apologies for my rudeness! ;-)
Posted at 15/1/2007 15:43 by downend
Aren't Lemmings doing a report on IXE now? They seem impressed and the publicity they give it will bring in more investors.
Posted at 09/1/2007 17:13 by togglebrush
Good Day but it seems that there are very few investors who use this board.