goldfinger
- 12 Jan 2010 20:42
goldfinger
- 28 Jan 2011 11:57
- 741 of 3532
Cheers splat......
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).
Chris Carson
- 28 Jan 2011 13:26
- 742 of 3532
STJ stop moved to 300.0 to lock in +30
goldfinger
- 28 Jan 2011 13:50
- 743 of 3532
Well done chris.
Chris Carson
- 28 Jan 2011 14:01
- 744 of 3532
Cheers gf
maggiebt4
- 28 Jan 2011 14:22
- 745 of 3532
GF Hope that joke, 737, wasn't sexist you'll be getting the sack:-)
goldfinger
- 28 Jan 2011 14:37
- 746 of 3532
LOL, yep bring em on. Tom Winnifrith as just assured me this morning I wont get the boot for playing this video LOL LOL LOL LOL LOL LOL .
Couldnt resist it yesterday over at S crazy where theres a big thread and poll dedicated. The Worlds gone mad.
Palmer a late freind of mine described this as "A WALL OF MINGE" make no wonder that bloke died of an heart attack........... nice way to go though. LOL LOL LOL
http://www.youtube.com/watch?v=UrGw_cOgwa8
goldfinger
- 28 Jan 2011 14:40
- 747 of 3532
goldfinger
- 31 Jan 2011 11:55
- 748 of 3532
Rather subdued today, the market and me. Aunt taken to hospital seriously ill last night so Ive got some traveling to do.
splat
- 31 Jan 2011 14:24
- 750 of 3532
sorry gf, hope all works out mate.
goldfinger
- 31 Jan 2011 16:26
- 751 of 3532
Just had a few ams. Chap tells me we might have a bid here. DYOR.
goldfinger
- 31 Jan 2011 16:27
- 752 of 3532
Cheers splat M8 its been a bad 24 hours.
goldfinger
- 01 Feb 2011 10:09
- 753 of 3532
IMG looking hot on back of ARM results
goldfinger
- 01 Feb 2011 10:50
- 754 of 3532
goldfinger
- 01 Feb 2011 11:27
- 755 of 3532
Had a dabble in ECM 10 mins back, great looking chart, cheapish and trading update friday.
goldfinger
- 01 Feb 2011 11:49
- 756 of 3532
ECM
IMS update friday. Chart looks ready for take off.
goldfinger
- 01 Feb 2011 12:51
- 758 of 3532
HFD at a critical point on the chart.
Seen it Skinny?.
goldfinger
- 01 Feb 2011 12:53
- 759 of 3532
Positive divergence on the MACD for MRW, missed that when I read the article.
goldfinger
- 01 Feb 2011 12:55
- 760 of 3532
MRW a whole line of buys aswel....
Morrison (Wm) Supermarkets PLC
SUMMARY CHARTS DIRECTOR DEALINGS FORECASTS WIRES 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
ING Financial Markets
31-01-11 BUY 22.76 9.10 25.95 10.37
Exane BNP Paribas
31-01-11 BUY 878.00 22.39 9.13 993.00 25.35 10.33
Arden Partners
28-01-11 BUY 862.51 22.40 9.38 955.06 24.40 10.35
Shore Capital
28-01-11 BUY 859.00 22.30 9.40 943.00 24.90 10.50
The Royal Bank of Scotland NV
25-01-11 BUY 866.68 23.14 9.25 943.11 25.53 10.21
Charles Stanley
20-01-11 ACCU 855.00 22.60 9.04 950.00 25.00 10.00
Seymour Pierce
13-01-11 HOLD 860.00 22.30 960.00 25.20
Evolution Securities Ltd
10-01-11 ADD 868.00 22.48 9.10 955.00 25.06 10.20
Altium Securities
10-01-11 BUY 870.00 22.90 9.30 980.00 25.80 10.50
Numis Securities Ltd
13-12-10 HOLD 872.20 22.70 9.40 964.10 25.10 10.40
SG Securities
26-10-10 BUY 22.97 9.00 25.37 10.00
Collins Stewart
26-10-10 BUY
Execution Noble
11-03-10 BUY
Nomura Research Institute [R]
09-03-10 BUY 890.00 23.64 956.00 25.38
Fyshe Horton Finney Ltd
25-01-10 HOLD
Eden Group
02-12-09 BUY
2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 865.73 22.61 9.23 960.66 25.25 10.32
1 Month Change -2.67 -0.09 -0.01 -5.72 -0.12 0.02
3 Month Change -1.38 -0.13 -0.01 -4.15 -0.18 0.03
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 9.68% 20.41% 11.68%
DPS 23.45% 51.79% 11.78%
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA 1,115.00m 1,225.07m 1,343.03m
EBIT 811.00m 903.48m 1,002.65m
Dividend Yield 2.28% 3.46% 3.87%
Dividend Cover 3.09x 2.45x 2.45x
PER 14.19x 11.78x 10.55x
PEG 1.47f 0.58f 0.90f
Net Asset Value PS 183.14p 199.83p 210.42p