Telecity Share Discussion Threads

[spacecake] 04/11/2014 14:06

Not waiting around until Feb for the next capital allocation update, the board have had long enough to work out what to do next IMV, due to that and the recent departures of senior board members, as of yesterday I'm out for now. Good luck if your holding.

[itchycrack] 04/11/2014 13:34

A re-rest of 750p likely before moving north again IMHO.

[freddie ferret] 04/11/2014 13:26

Rolling over again it seems.

[itchycrack] 03/11/2014 16:55

Good update IMO, looking for around 850p short term before a pause and backtest to around 800p again before embarking on next leg up. New CEO should be announced within next month too I would imagine.

[silverfern] 29/10/2014 17:45

horses for course I think. Tobin has done a brilliant job but the peer group in the US might have influenced the board. I imagine they will be looking to go global rather than stay European or looking for a figures man - roce, drive down costs etc - clearly no reason to replace a man whose key skills have done this company very well with someone who has the same

[spacecake] 28/10/2014 16:25

With you on that silverfern, I wonder what are they up to unseating two senior board members in quick succession.

[silverfern] 24/10/2014 08:36

An excellent recovery from the main market fall, helped no doubt by the CFO purchase. I hope we get an update on the new CEO search with the interims, though they took 9 months to find the CFO we now have!

[spacecake] 13/10/2014 12:51

These seem to be attracting the attention of american hedge funds from the last couple of notifications

[spacecake] 13/9/2014 11:27

Eric joined the management team and Board of TelecityGroup on 1st September 2014. He is responsible for leading the planning and implementation of the Group’s financial strategy as well as financial reporting, policies and controls.

Prior to joining TelecityGroup Eric was a Member of the Board of Management and Chief Financial Officer of Royal KPN NV, the leading telecoms and IT service provider in the Netherlands. Eric joined KPN in 2005 and held a number of senior positions including CEO of KPN Belgium, CFO of KPN Mobile International, Head of M&A and Head of Investor Relations. Before joining KPN, he worked in London in various management positions at Deutsche Bank and ABN Amro.

Eric studied business economics at the University of Maastricht and holds an MBA in business administration from the London Business School.

--------------------------------------------------------------------------------
I wonder if that M&A experience will put to the test ?

[dr_smith] 12/9/2014 16:51

My reading of this:

is that new CEO gets £400k in shares if 3Y targets met.
Looks like a nice golden handshake to me, I hope it is commercially justified.

[silverfern] 09/9/2014 06:56

cheers- it is somewhat undervalued right now if they can find the right CEO

[itchycrack] 08/9/2014 22:43

Any bid would have to be for a minimum of £10 a share, but could easily go for £12+ if interest comes from a US bidder. All IMHO.

[loading] 08/9/2014 21:31

OUT, Continuing speculation that Telecity is a bid target lifted the data centres company 27p to 770p. - OUT, TCY
- Today, 9:30 PM

[silverfern] 08/9/2014 15:18

News leaking?

[itchycrack] 03/9/2014 12:59

I think Phoenix IT is the current likely target as their CEO would become Telecity's CEO.

[spacecake] 03/9/2014 12:56

Is OUT a potential bid target for TCY I wonder. Its would seem like a diversion to me, could it fit into Cloud IX. Any thoughts out there ?

[dr_smith] 03/9/2014 08:16

Liam, That looks like old news from 4/11/13:
hxxp://www.telecitygroup.com/our-company/news/2013/telecitygroup-launches-cloud-ix.htm

[liam wilson] 03/9/2014 06:42

Outsourcery (OUT) TelecityGroup Launches Cloud-IX - OUT, TCY
- Today, 6:41 AM

[itchycrack] 27/8/2014 20:43

Elsewhere in the London market, there was speculation that
Telecity, 21p better at 737p, could make a play for cloud computing
group Phoenix IT, up 1¼p at 91p on the FTSE Fledgling
index.

FTSE 250 data centres company Telecity dropped on Tuesday amid
disappointment that chief executive Michael Tobin was departing
after a decade at the helm.
Chairman John Hughes could “kill two birds with one
stone” by buying Phoenix, analysts at Panmure Gordon
suggested. Not only would the acquisition address “the
strategic shortcoming in the business”, but “there is
the added bonus of netting a superb CEO” in Steve Vaughan,
they said.

(From the Telegraph)

[silverfern] 27/8/2014 08:46

Demonstrates the Board are in control. Much as I admired Tobin, the
point is well made that to move to the next level may require other
talents.

[spacecake] 26/8/2014 19:36

FT
Telecity chief executive Michael Tobin makes abrupt departure.


One person familiar with the situation said there had been tension
between Mr Tobin and Telecity directors over future strategy for
some time. He added that the board had decided to institute a
“short, sharp shock” to allow for a search for
candidates in an “open and transparent way.”

and...

“Mike has clearly been an impressive entrepreneur, but we
believe that the board is right to question whether he has the
rights skills to take the business forward as a large mid-cap
business,” wrote analysts at Liberum, the investment banking
group, in a research note.

“We believe that Mike’s departure will be well received
as shareholders look for increased focus on return on capital and
cash generation. However, there may be some concerns about changing
the CEO and CFO in such quick succession,” the Liberum
analysts added.

but also today.... (if you can believe it)

TeleCity Group Plc (LON:TCY)‘s stock had its
“sell” rating reaffirmed by equities researchers at
Liberum Capital in a research report issued to clients and
investors on Tuesday. They currently have a GBX 685 ($11.34) price
objective on the stock.

[mirshahik] 26/8/2014 10:39

Added some anyway. Company will find a new CEO and move on.

[mirshahik] 26/8/2014 10:16

Yes, I agree. Doesn't seem like an amicable departure.

[spacecake] 26/8/2014 09:17

The board change has come as a surprise, to me anyway. Thought Mike was doing a good job IMV. What will moving the company to the next stage entail I wonder ?