Kyoto
- 10 Mar 2007 23:47
dreamcatcher
- 05 Jan 2014 19:40
- 349 of 440
Jimmy b, I have read admission document (all 167 pages) I would not give anyone advice to buy in or not. Pleased it was sent today.
RM2 seems to be a holding company with 10 further legal companies
I will gladly put up a thread tomorrow, but have decided I will not be investing.
Big industry players have been drawn and I think the business is using these names to draw the investment. They clearly have to go out and get the business still.
Short term there may be some profits to be had via the hype the company has received, they may well be very good. Long term there are no guarantees and to me its all about the big gun names pulling in new business.
The company has only put up the last three years figures of trading as well as 6 months to the middle of 2013.
All in US $
2010 2011 2012
(6,708,264) (11,580,288) (21,310,112)
And the six months ended 30 June 13
( 6,023,199)
In my view its all down to having faith in the directors achieving their forecasts. I am not strong in this area. This is no way giving advice, but only fair to say not for me on this occasion.
Thanks for your input as well Harrycat
jimmy b
- 05 Jan 2014 21:46
- 350 of 440
Nice one DC ,i take it those figures are turnover ?
, i've only bought in to a few IPO's over the years and with a bit of luck always done ok.
Like you say could be some profits to be had due to the hype .
Would have helped read the admission docs but had Girls Aloud round for the afternoon ,you know how it is sometimes ! :))
dreamcatcher
- 05 Jan 2014 21:52
- 351 of 440
Losses jimmy b. Pages and pages of figures, admin seem large as well. The debt will all be payed down with the IPO cash raised.
jimmy b
- 05 Jan 2014 21:58
- 352 of 440
Don't like the sound of that .
dreamcatcher
- 05 Jan 2014 22:11
- 353 of 440
See how it opens in the morning, I'm not about until near market close. Good luck.
jimmy b
- 05 Jan 2014 22:12
- 354 of 440
Cheers DC.
dreamcatcher
- 12 Jan 2014 15:52
- 355 of 440
CityFibre IPO: Telecoms firm to float in London
Liberum Capital and FinnCap appointed to lead £25 million fundraising
by Branimir Kondov,
Nov 26 2013, 10:18 GMT
CityFibre IPO: Telecoms firm to float in London
After trading lower for most of Thursday’s session in New York, the Gafisa share price ended the day higher.
iNVEZZ.com, Tuesday, November 26: CityFibre, a UK-based fibre-optic infrastructure business, is preparing to float on London’s AIM market which is expected to value the company at between £50 million and £55 million, the Times has reported.
The telecoms company, which claims to be “the largest provider of fibre infrastructure to the UK’s second tier cities” with a network of 30,000 km of cable covering 50 towns and cities across the UK, is looking to raise the stakes in its competition with BT for business in areas underserved by the nation’s telecoms companies. The debate around the digital divide in Britain has focused on users in rural areas but many consumers and businesses in second-tier cities also suffer from low broadband speeds and a reliance on BT to upgrade networks.
Get a share dealing account from Hargreaves Lansdown and trade shares from £5.95. HERE>>
According to The Telegraph, CityFibre “is believed to be about to begin a fundraising road show with potential investors to raise as much as £25 million ahead of a listing on the London Stock Exchange’s AIM”, the market for smaller, growing companies. It is understood that ahead of the initial public offering (IPO), the company has raised approximately £11 million from its board as well as private investors.
CityFibre was founded by Greg Mesch who has built up five companies from start-up enterprises over the past 25 years, including Irish alternative telecoms company ESAT and Versatel, which built a network in Germany, Belgium and the Netherlands. ESAT was sold to BT for €1 billion (£837.7 million) and Versatel was sold to Sweden’s Tele2 for €2 billion (£1.67 billion).
The company is backed by the private equity investor Jon Moulton, who will keep a substantial stake after the float. CityFibre’s founders, directors and staff own half of the company shares.
The Times noted that North American private equity funds had shown interest in CityFibre but the company’s “management believes a British listing will strengthen its hand in bidding for public sector contracts.”
CityFibre is targeting locations including York, Bournemouth and Peterborough by building dense metropolitan networks in cities across the UK, aiming to turn them into ‘gigabit’ cities by delivering download speeds of up to 1Gbps to homes and offices.
The most recent development was the signing of a contract with the Peterborough City Council on November 13 to transform Peterborough into a ‘gigabit’ city. CityFibre had previously announced that it was to invest £30 million into the city to create a fibre network. The first services will go live in summer 2014, and the network is due for completion by April 2015.
The company will offer a business broadband package with speeds of between 500Mbps and 1Gbps at a cost of £50 to £100 per month, while the consumer fibre-to-the-home (FTTH) broadband package will cost £25 to £50 a month for the same speeds.
CityFibre believes there are 100 such cities in Britain where it can expand to, that will cover roughly 10 percent of the population. The company hopes to build a credible third-placed infrastructure player that can compete with BT and Virgin Media.
dreamcatcher
- 12 Jan 2014 15:54
- 356 of 440
Expected first day of trading
CityFibre Infrastructure Holdings plc AIM 22/01/2014
dreamcatcher
- 13 Jan 2014 19:23
- 357 of 440
Hummingbird
- 13 Jan 2014 22:50
- 358 of 440
Re. CityFibre. Can anyone tell me where to access and to download the admission document. Thank you.
dreamcatcher
- 14 Jan 2014 07:12
- 359 of 440
tyketto
- 23 Jan 2014 19:01
- 360 of 440
CITY AM. Today.
Hurricane Energy plans IPO on AIM in Febuary,
valuing the company at c.272mil.
mitzy
- 23 Jan 2014 20:20
- 361 of 440
Anyone know the epic for City Fibre infrastructure.
dreamcatcher
- 23 Jan 2014 20:25
- 362 of 440
CFHL- mitzy
mitzy
- 23 Jan 2014 20:29
- 363 of 440
Thanks dc.
tyketto
- 24 Jan 2014 00:24
- 364 of 440
Hurricane energy plans to do ipo in feb.
tyketto
- 11 Feb 2014 17:09
- 365 of 440
Rated People plans to float later this year.
It has already raised £6.5m from a pre-initial PO.
Hopes to raise a further £5 to £10m.
dreamcatcher
- 20 Feb 2014 13:08
- 366 of 440
A mention in this weeks Shares of the IPO of Rosslyn Analytics - Tipped to float in the near future. They speculate it should be a big hit from day one on the market.
HARRYCAT
- 23 Feb 2014 10:17
- 367 of 440
Looks like Pets at Home are about to float. £275m is the target amount.
AO (Appliances Online) also about to float at a price between 235-285p. Book already covered.
http://ao.com/
skinny
- 23 Feb 2014 10:39
- 368 of 440