Telecity Share Discussion Threads

[ryandj2222] 05/11/2012 09:05

Been out of this for a while but the drop makes it look tempting again!

[bluebelle] 05/11/2012 08:38

I think the figures are fine, but the delivery could have been more up beat - same thing happened to CGS a couple of years ago and we had a similar short term correction. Best managed stock in a high growth sector : still a core hold for me.

[spacecake] 05/11/2012 08:33

The highlights seem ok to me...


Highlights:
Trading has remained robust across TelecityGroup's markets and management confirm that the full year outlook remains in line with expectations

The Group has acquired Academica, an operator of carrier-neutral data centres in Helsinki, a strategic move to establish the leading position serving the growing market in Finland

New capacity has recently been brought on-line in the key London Docklands market and the Group has secured additional capacity in Milan

Including these recent transactions, total Group customer available power is now up to 83MW, representing an increase of some 10% since the half year

[gorilla36] 05/11/2012 08:24

Spacecake - That will be a no then!

[spacecake] 04/11/2012 14:50

I wonder if we will have any nice surprises tomorrow.

[freddie ferret] 23/10/2012 16:27

And riding his electric vechicles.

[randolph and mortimer] 20/10/2012 13:08

This is a technical sell from here.

Hello M.T.,

Haven't seen much of you since our alea bears in 2006.

Hope you are fit and well.

[philanderer] 10/10/2012 08:39

And today Barcap reiterates 'overweight', increases tp from 1000p to 1100p also

[philanderer] 09/10/2012 11:17

BOA Merril Lynch retains buy ... tp from 1000p to 1100p

[spacecake] 08/8/2012 13:13

FT
Telecity , the data warehouse operator, rallied 4.7 per cent to 877.5p after its interim earnings beat expectations. After the stock slipped last week over earnings guidance, dealers were reassured by management's comment that 2012 would "continue to be another strong year".


Today, buy recco from UBS with 975p price target.

Writ up in the IC

[bluebelle] 06/8/2012 09:00

I agree. Been a core hold for me for some time now.

[spacecake] 06/8/2012 08:03

Another outstanding performance.

[bluebelle] 06/8/2012 07:24

Telecity Group plc
06 August 2012
6 August 2012
TELECITY GROUP PLC
Telecity Group plc results for the six months ended 30 June 2012
TelecityGroup delivers strong growth and confirms a positive outlook
Telecity Group plc ('TelecityGroup', 'the Group' or 'the Company'), Europe's industry-leading provider of premium carrier-neutral data centres, today announces its results for the six months ended 30 June 2012
Highlights
-- Revenue up 22.4% to GBP137.3m (H1 2011: GBP112.2m), with currency neutral growth of 25.6%
-- EBITDA(1) up 26.6% to GBP62.6m (H1 2011: GBP49.4m), with currency neutral growth of 30.4%
-- EBITDA margin up by 150 bps to 45.6% (H1 2011: 44.1%)
-- Adjusted(2) diluted earnings per share up 36.2% to 15.8p (H1 2011: 11.6p) with currency neutral growth of 41.1%
-- Available customer power up to 76MW (H1 2011: 59MW)
-- Announced(3) customer power up to 124MW (H1 2011: 112MW)
-- Available and announced power up to 80MW and 130MW respectively since the period end
-- Maiden interim dividend of 2.5p per share declared
-- New market position established in Helsinki through the acquisition of Tenue in August 2012 (note 16)
Statutory equivalent
The above highlights are based on the Group's adjusted results. A full reconciliation between the adjusted and statutory results is contained in note 5. Where different, the statutory equivalents of the above results are as follows:
-- Operating profit GBP43.4m (H1 2011: GBP33.5m)
-- Diluted earnings per share of 15.1p (H1 2011: 12.6p)
Michael Tobin, TelecityGroup CEO, said:
"I am again delighted with TelecityGroup's performance. Once more the Group has delivered excellent results and we have enhanced our growth platform with new capacity openings across Europe and continued to secure further capacity in response to customer demand to underpin longer-term growth.
I am particularly pleased to announce our entry into the Finnish market through the acquisition of Tenue. This expands our European growth platform and allows us to serve the growing demand generated from the Helsinki internet hub. It is testament to the strength of TelecityGroup's business model that we are able to expand the Group's growth horizon while at the same time commencing a progressive dividend policy.
Demand for premium data centres remains strong in all of our markets and I am confident that 2012 will continue to be another strong year for TelecityGroup."
(1) Earnings before interest, taxation, depreciation and amortisation (note 5). There are no adjusting items to EBITDA in either the current or prior period.
(2) Adjusted to exclude intangible assets amortisation and other financing items (note 5).
(3) Total available customer power when all currently announced expansion projects are complete.
For further information please contact:
TelecityGroup:

[shuisky] 05/8/2012 21:46

Article here talks a lot about data center stocks and Telecity

[bluebelle] 21/6/2012 08:14

Always amuses me when people move a price target to one which the current price already reflects !

[m.t.glass] 23/5/2012 20:07

Video interview in which fund manager Dan Nickols talks with Alanna petroff of the Morning Star regarding three of his stock choices - one of which is Telecity. Transcript also attached.

[silverfern] 08/5/2012 15:15

If only this would fall further so I can buy! Results came out bang in the middle of the AUgust sell off - for a day you could buy this for 450p, so their timing is unlucky, unless you bought that day. However looks very good and this is only a bit of profit taking imho

[bluebelle] 08/5/2012 10:31

You're not paranoid - he follows me around too !!!



TELECITY GROUP PLC
INTERIM MANAGEMENT STATEMENT
8 May, 2012: Telecity Group plc, Europe's industry-leading provider of premium carrier-neutral data centres, today issues the following Interim Management Statement.
Highlights:
TelecityGroup has had a positive start to 2012 with good first quarter growth in revenue and profitability
New capacity has been brought on-line across the Group, adding 7MW of customer power and taking total available customer power up by over 10% since the year end to 75MW
Management confirm their positive outlook for the full year

Current trading and outlook
TelecityGroup has had a positive start to 2012. The Group delivered a good performance in the first quarter in terms of growth in revenue, EBITDA and EPS. This is despite the relative weakness of the euro and Swedish Krona, which together account for over half of the Group's revenues.

TelecityGroup's financial position is very robust as its operations are highly cash generative. At the end of the first quarter net debt remained at less than 1.5x expected full year EBITDA.

The on-going growth of the digital economy continues to drive strong demand for premium highly-connected data centre capacity in Europe. TelecityGroup's trading remains strong and the Group continues to expect its trading performance to be in-line with market expectations for the full year.

As previously announced, the Group's excellent cash generation and financial position allow for the introduction of a progressive dividend policy in 2012, with an inaugural payment to be made following the first half results.

Secured capacity expansion programme
TelecityGroup continues to achieve controlled, sustainable and profitable growth by increasing its capacity across Europe, in response to customer demand

The Group opened the first phase of its Amsterdam 5 data centre in March and has recently opened the first phases of its site expansions at London Powergate and Gutleutstrasse in Frankfurt.

Amsterdam 5, directly connected to Amsterdam 2, one of Europe's key internet hubs and the largest point of presence for the Amsterdam Internet Exchange (AMS-IX), offers unrivalled levels of connectivity. Gutleutstrasse is likewise one of the leading internet hubs in Europe and hosts the German Internet Exchange (DE-CIX).

Powergate is the largest premium, highly connected carrier-neutral data centre in London and hosts a point of presence of the London Internet Exchange (LINX). It is being expanded in phases to ultimately deliver a total customer power capacity of 29MW.

TelecityGroup's total secured growth capacity across Europe is 124MW, up from the current 75MW of customer power available today. The majority of this expansion will be delivered over the next three years, giving the Group very significant medium-term revenue growth potential. In addition to this, the Group expects to announce further growth capacity over the course of this year.

Michael Tobin, CEO of TelecityGroup, commented:
"I am delighted with TelecityGroup's performance to date in 2012. In particular, it is exciting to see new capacity coming on-line in prime locations which will enrich the Group's position at the heart of the European digital economy and greatly enhance the Group in terms of scale and profitability."

[volsung] 08/5/2012 10:28

I'm now absolutely convinced someone waits for my buys and drops the price afterwards. LOL in a hollow black way.

[jon827] 08/5/2012 07:42

inaugural divided sounds good