Ix Europe Share Discussion Threads

[adda] 21/5/2007 08:44

Any idea on the likely bid price? And who is the bidder? I see telecity will be floating later this year, are their any other listed competitors to IXE? Have been following this Company for last six months, v.impressive, shame to see them taken out in their infancy. Obviously someone sees the potential mkt for DC space.

[randsys] 21/5/2007 08:33

I knew there was something going on.............! :-) :-) :)

UK smallcap opening - IX Europe gains as bid hopes excite

LONDON (Thomson Financial) - Bid excitement spurred gains in IX Europe, the
datacentre services provider, up 13-1/2 to 128, after it said it has received a
number of preliminary approaches, which may or may not lead to an offer.
The company added that a further announcement will be made in due course.

[rik shaw] 21/5/2007 08:18

There's been significant stake building recently so no surprise really.

[masurenguy] 21/5/2007 07:58

Bid target !

[rik shaw] 18/5/2007 19:39

I guess I have well and truely recouped the cost of Lemming sub now ! I had a target of 120p for share price but I may have to rethink at this rate.

[kozel] 18/5/2007 12:50

Up over 7% now! That came from nowhere. I was thinking about selling this morning, glad I didn't now. I thought it might drop back and re-test 100p.

[randsys] 18/5/2007 11:46

Something happening here?
Large collection of buys in just 15 mins followed by +4.5% jump in share price

[spaceparallax] 16/5/2007 09:47

Cat,

An encouraging read.

[cat] 15/5/2007 17:36

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.

[spaceparallax] 15/5/2007 14:43

It would certainly be interesting to see at what price a share issue could raise money.

[randsys] 15/5/2007 09:49

Well given their stated accelerated build and kitting out (of the mezzanine floor) I would expect cash burn to increase in the short term. BUT, there has been some substantial buying in IXE over the past few months so I wouldn't expect this to be too much of an issue for such a fast growth company as this (IMHO of course).

[spaceparallax] 15/5/2007 09:46

At the moment, there seems to be no stopping it. For me, the critical test will be how much they've managed to reduce the previously reported cashburn.

[huntie2] 15/5/2007 08:06

nice start!

[spaceparallax] 14/5/2007 10:13

Here we go again.

[rik shaw] 07/5/2007 22:16

Press release on IXE website dated 1/5/07:



It ends:

To capture the market demand, IXEurope has decided to increase the planned specification and accelerate the fit-out of phase 1 and prepare for phase 2 by building the mezzanine floor in preparation for future datacentre build-out. Phase 1 will be ready for occupation during summer 2007


rik

[randsys] 04/5/2007 10:30

Massive buying going on..............perhaps a bid in the background???


Latest Trades
Time Price Volume Value Buy/Sell Type
09:13 100.00p 500,000 £500,000Buy O
09:12 100.00p 500,000 £500,000Buy O
09:08 100.00p 500,000 £500,000Buy O
09:08 100.00p 15,000 £15,000 Buy O
09:08 100.00p 500,000 £500,000Buy O
09:09 100.00p 10,000 £10,000 Buy O
08:27 100.00p 7,500 £7,500 Buy O
08:25 100.00p 10,000 £10,000 Buy O
08:22 99.75p 10,000 £9,975 Buy O
08:22 99.75p 10,000 £9,975 Buy O
08:21 99.63p 3,000 £2,989 Buy O
08:17 99.63p 180 £179 Buy O
08:15 99.63p 935 £932 Buy O
08:05 99.63p 3,982 £3,967 Buy O
08:05 99.50p 8,445 £8,403 Buy O
08:03 99.50p 3,488 £3,471 Buy O
08:01 97.15p 5,000 £4,858 Sell O

[spaceparallax] 03/5/2007 14:01

There did appear to be substantial institutional interest in recent months. Phenomenal share price progress - the big question will be whether sufficient inroads can be made into the currently susbstantial cashburn.

[randsys] 03/5/2007 13:49

Volume has been increasing over the past month with some sizeable trades going through. Wondering if someone is stakebuilding here?

[spaceparallax] 03/5/2007 12:31

Can we break the 100p this time around?

[spaceparallax] 02/5/2007 09:07

here we go again!

[spaceparallax] 30/4/2007 16:23

I suppose it means that the ticker becomes a direct lift from the name.

[rik shaw] 29/4/2007 09:49

Got a secure message from broker notifying me of name change from IX Europe to IXEurope. Having had a good laugh at why anyone would bother dropping the gap in the name, now wondering how much this 'significant' corporate change has cost. Is this relevant to driving out shareholer value ??

rik

[spaceparallax] 16/4/2007 15:49

this share's a real rollercoaster, but ultimately with a strong uptrend.