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?

Finals reported today which came in better than expected, this is the first year of profit and seem to be relatively unaffected by downturn. The statement was bullish also " They start 2009 with confidence in continued growth. " Hopefully we will see some broker upgrades soon.

Profit = 15.5m*
EPS = 7.8p*
Debt = 29m ith market cap of 336m

*Profit & EPS figure is not including significant currency gains, or tax credits. If these were included Profit would show 25.3m.

Deutsche Bank this morning increased the target price from 260p to 280p

Remember that 3i hold 22% (76m) and are looking to bring debt level down. However Telecity today say they know of no plans by 3i to sell this stake.

Chart = Resistance at 194p and Support at 156p

Finnished today with a flurry of buyers at 191p up 10% today, however I wasn't one of them and took advantage for a modest profit. But will follow TCY for other trading opportunites.

From the Blue Index blog

Hot in the City
May 5th, 2009

We really do seem to be back in bull market mode, and with a sea of blue across trading screens, picking a stock for sustainable growth presents a similar challenge to picking out winners in a falling market

But here is a strong technology play for your perusal. Data centre operator Telecity Group (TCY) has invested in and built data centres throughout Europe, with all development funded from its cash flows and existing borrowing facilities. The group today reported a 36% hike in annual revenues to GBP133m, and said trading in the first three months of 2009 was strong, with revenue growth in line with last year. Telecity confirmed its financial position remains robust, and its previously announced expansion plans are progressing well. Several analysts were very positive, saying the results and numbers are very good and better than expected, adding the company was clearly outperforming the market. Deutsche Bank also added its weight behind the stock, lifting its target price to 300p from 280p and maintaining its buy rating.

Full transcript here
http://blog.blueindex.co.uk/2009/05/hot-in-the-city/

Telecity TCY

Looks like an ideal time to get on board this stock with both TA and fundies proving to be very enticing......

"
Broker Piper Jaffray sees nearly 17% upside from here with SP target of 453p.....

Telecity Group Overweight 453 16.9% Piper Jaffray

Lovely breakout at Telecity TCY and brokers have it down as a big buy.....

This was going great guns but seems the wheel came off today...

Back on the climb again but no reason why, well back in profit now.

Some up beat broker forecasts here showing SP to be rather OFF.

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

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

TCY chart looking rather Bullish

First SP target 520p.

Brokers got TCY SP set for a big re rating..........

Corker of a chart and TA analysis from the TA pros Investtech....



Positive Candidate -Medium term, Jan 26, 2011 TELECITY GROUP is within a rising trend. Continued positive development within the trend channel is indicated. Has also broken a double bottom formation. A decisive break of the resistance at 460 will signal a rise to 488 or more. The stock has support at pence 440 and resistance at pence 507. The stock is overall assessed as technically positive for the medium long term.

Period Vol.bal. Volatility Liquidity +/- %
1 day - 1.50% 173.85 +1.74%
5 days -54.23 4.76% 294.87 +0.46%
22 days -38.92 12.51% 415.11 -2.84%
66 days -15.64 23.95% 330.20 -4.03%

TCY BUY confirmed...

http://www.britishbulls.com/StockPage.asp?CompanyTicker=TCY&MarketTicker=Technology&TYP=S

Just want to remind would be buyers of TCY the CEO bought them at 490p in December thinking they were good value about 18 grands worth. Today we can buy them for 478p a bargain.

http://www.investegate.co.uk/Article.aspx?id=201012090700116358X

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.