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.
Strong datacentre growth reiterates Telecity as a ‘buy’
New figures on the prospects for datacentres bode well for data management facilities provider Telecity Group (TCY).
Investec analyst Roger Phillips has reiterated his ‘buy’ recommendation and target price of 925p after a quarterly report from the CBRE showing a year-on-year rise of 90% in European demand for data centres in its first quarter, which follows on from a strong fourth quarter. Shares yesterday fell 7.5p, or 1%, to 737p.
‘Amsterdam and Frankfurt were the stars, while London turned in a mixed performance, with strong headline demand skewed by large deals,’ said Phillips. ‘Overall, the full year 2014 thesis of double-digit organic growth in Europe and mid-single digit in the UK driving around 10% growth overall looks well supported.’
He added that risks remained in ‘unforeseen additions to industry supply’.