The company seems to have a missing portion of news - earlier thread was 2004 on then a gap in RNS with a takeover of Redbus (?), and then an IPO ann. at 2.20 October-ish 2007
Now the sp is somewhat higher, with the internet and video becomming mainstream. (2.55 ish today )
High PE ratio
and low NAV
Yield is zero.

Anyone got something good to say?

Scorcher of a start to the day.

Up 5.5% as we speak. Nice.

From Zak Mir PRO TAer commentating on TCY this Morning.....

Zak Mir



Reged: 28/06/07
Posts: 1554
Re: TELECITY (TCY) [
#475203 - 28/01/11 08:35 AM Edit Reply Quote



The gap higher today suggests that while there is no end of day close back below it at 480p the upside for TCY should be the December highs through 510p as a mininum.

Post Extras:

Merrill have this - Source FT re TCY

To be clear, the release today focuses more on Terremarks managed hosting
and infrastructure-as-a services businesses as the rationale for the acquisition, as
opposed to the co-location offering. Put simply we dont see this as a direct read
for Telecity as the acquirer seems more interested in the parts of the business
which Telecity does not offer. While Telecity just rents the customers space and
access to power and cooling, managed hosting takes things to a much more
complex level, with the data-centre company also owning and managing the
servers which the clients are using. Nonetheless, Telecity has been talked about
before as an M&A target (notably last July). Therefore we think further sector
consolidation will be a positive for sentiment.
For reference Equinix acquisition of Switch and Data last year valued the target
(a business more comparable to Telecity) at 11.7x forward EV/EBTIDA. The bid
for Terremark (a business less comparable to Telecity) values the target on 15x
forward EV/EBITDA. Applying these multiples to Telecity would imply a valuation
of 606 787p /share versus Telecitys closing price yesterday of 475p (9.3x
2011E EV/EBITDA).

TCY Telecity.

1 year daily chart.

SP trying to breakout to a new high. Lovely rounded bottom chart. Looks like we have a winner here if the breakout can be sustained.



TCY

3 year chart showing the uptrend channel in place and SP heading towards ceiling of channel. Looking for a break through the ceiling.



5 day short term chart showing 5 bullish white candles and positive momentum,


Fundies back up the Charts......

Telecity Group PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Milkstone Ltd
11-05-11 BUY 66.50 23.80 80.00 28.80
Evolution Securities Ltd
09-05-11 BUY 60.00 21.40 71.00 25.30
Numis Securities Ltd
09-05-11 HOLD 67.00 24.00 80.60 29.10
Peel Hunt
09-05-11 HOLD 65.00 24.25 80.00 28.66
Altium Securities
09-05-11 HOLD 62.50 22.50 78.30 28.20
The Royal Bank of Scotland NV
18-04-11 BUY 64.44 23.23 88.51 32.45
Nomura Code
04-04-11 BUY 61.60 23.20 75.30 28.50
Collins Stewart [R]
25-11-10 BUY 21.00 24.40
Execution Noble [R]
16-11-10 HOLD 59.16 21.35

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 63.70 23.06 78.96 28.54
1 Month Change -0.21 -0.10 -0.15 -0.05
3 Month Change -2.29 -1.06 -1.33 -0.33


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 32.46% -1.22% 23.77%
DPS % % %

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 90.76m 101.29m 120.76m
EBIT 63.70m 65.42m 76.26m
Dividend Yield % % %
Dividend Cover x x x
PER 23.19x 23.48x 18.97x
PEG 0.72f -19.19f 0.80f
Net Asset Value PS 98.43p 154.35p 189.31p

And broker forecasts are rather bullish.......

Date Broker name New Price Old price target New price target Broker change

10-May-11 JP Morgan Cazenove Overweight 518.50p - - New Coverage

29-Apr-11 Royal Bank of Scotland Buy 0.000p - - Reiteration

13-Apr-11 Evolution Securities Buy 504.50p - 650.00p New Coverage

11-Feb-11 Royal Bank of Scotland Buy 505.00p 467.00p 574.00p Upgrade

09-Dec-10 UBS Buy 493.90p 560.00p 575.00p Reiteration

26-Nov-10 Collins Stewart Buy 471.50p - 560.00p New Coverage

18-Nov-10 Citigroup Buy 445.00p 560.00p - Upgrade

Forward Statement from last Interim Management Statement 9/05/2011

Current trading and outlook

Demand for premium highly-connected data centre capacity is strong in Europe and TelecityGroup confirms its positive outlook for another year of substantial growth in 2011.

Due to a combination of the recurring revenue growth achieved to date, an encouraging orderbook pipeline and strong operating margins, management is confident that the Group will deliver a full year performance that is in line with market expectations.

http://www.investegate.co.uk/Article.aspx?id=201105090700071481G

TCY tipped here this morning


http://www.investorsintelligence.com/x/marketdataindex.html?op=art&aid=61186

Back on trend. Lovely chart.

Citigroup Buy 910.25 907.50 - 1,020.00 Reiterates

Interim Management Statement

Highlights:

· Year-to-date financial performance and full year earnings outlook both continue to be in-line with management's expectations
· On-going customer driven expansion programme on-track, total customer power up to 90MW

· Leading position established in the fast-developing Istanbul market via the acquisition of Sadece

PONDERING BUYING.......

TCY TELECITY GROUP Looks cheap on its present SP plus RECENT DIRECTOR BUYS, check RNS.

Telecity Group Broker Views

Date Broker Recommendation Price Old target price New target price Notes

07 Nov Investec Buy 690.25 1,000.00 1,000.00 Reiterates
04 Nov Investec Buy 690.25 1,000.00 1,000.00 Reiterates
04 Nov Arden Partners Buy 690.25 1,230.00 1,230.00 Reiterates
23 Oct JP Morgan Cazenove Overweight 690.25 1,200.00 1,100.00 Reiterates
21 Oct HSBC Overweight 690.25 1,240.00 1,240.00 Reiterates

Telecity Group PLC

FORECASTS 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Arden Partners
19-11-13 BUY 97.22 37.06 10.00 115.44 43.69 12.00
Numis Securities Ltd
15-11-13 BUY 97.10 36.00 10.50 102.80 38.40 11.20
Westhouse Securities
24-10-13 BUY
Investec Securities
23-10-13 BUY 96.50 37.02 9.00 114.50 43.84 10.80
Canaccord Genuity Ltd
30-07-13 HOLD 98.30 36.60 9.30 118.60 44.20 11.30
Milkstone Ltd
13-06-13 HOLD 98.00 37.00 9.00 115.00 43.70 10.70
Cenkos Securities
04-02-13 BUY 97.09 36.40 7.30 118.30 43.90 8.80

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 97.16 36.70 10.25 115.22 43.72 11.23
1 Month Change -0.61 -0.14 0.57 -1.55 -0.43 -0.12
3 Month Change -0.61 -0.13 0.59 -1.62 -0.43 -0.12


GROWTH
2012 (A) 2013 (E) 2014 (E)

Norm. EPS 27.59% 20.16% 19.11%
DPS % 309.96% 9.56%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £87.30m £155.09m £177.03m
EBIT £87.30m £99.60m £119.70m
Dividend Yield 0.37% 1.52% 1.67%
Dividend Cover 12.22x 3.58x 3.89x
PER 22.00x 18.31x 15.37x
PEG 0.80f 0.91f 0.80f
Net Asset Value PS 100.14p p p

Is this the bottom ????

Gf - Worth a shot if only a dead cat, in on the spreads @ 683.0 tight stop.

Nice wee day trade GF out @ 689.3 + 6.3. May regret it if not a dead cat, but have done no research. If it is a recovery play then plenty of scope to get back in. Cheers for the heads up.

No probs Chris, cheers.

Missed this broker note from last week
apologies........

Telecity Group Upgraded by Numis Securities Ltd to Buy (TCY)
Posted by Scott Davis on Nov 15th, 2013

Telecity Group (LON:TCY) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a report released on Friday, Stock Ratings News reports. The firm currently has a GBX 900 ($14.40) price target on the stock, down from their previous price target of GBX 920 ($14.72). Numis Securities Ltd’s price target indicates a potential upside of 40.19% from the stock’s previous close.

Telecity Group (LON:TCY) opened at 650.00 on Friday. Telecity Group has a 1-year low of GBX 633.00 and a 1-year high of GBX 1026.00. The stock’s 50-day moving average is GBX 771.2 and its 200-day moving average is GBX 884.5. The company’s market cap is £1.313 billion.

TCY has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Monday, November 4th. They now have a GBX 1,020 ($16.33) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Monday, November 4th. They now have a GBX 1,000 ($16.01) price target on the stock. Finally, analysts at Arden Partners Ltd reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Monday, November 4th. They now have a GBX 1,230 ($19.69) price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,028.57 ($16.46).

TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services

22 Nov 2013 Telecity Group PLC TCY Barclays Capital Overweight 701.25 689.50 1,140.00 1,140.00 Reiterates

SP TARGET 1140p

Lib Cap reiterates sell, target cut from 720p to 600p

Yep they seem to be the only one with a sell on it.....strange.

All others have very big targets.

Still watching, maybe a Santa rally (if were not already in one).

I'm 5 points in the money - quite disappointing.