We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The more I read it the better it gets . The revenue is exspected to be minimum � 500,000,000 for the first million increasing to � 2.5 Billion for the 5 million . Plus other revenues and increased sales after exclusivety and we will own it all . That is the big one � 2.5 Billion is a revenue , what will owning the system be worth on top . Vodaphone guaranteeing minimum use , the government grants will be next .
SpikeyJ. Yes, a very good deal, indeed, excellent for Vodafone! They probably couldn�t resist a cheap offer from City otherwise they could have built the network themselves like they do across the Globe. Why pay City to build, own and operate it when Vodafone has the capability themselves especially when Vodafone are putting up the all money to build it. City will soon get a shock when they realise it is not as cheap to dig up streets as they have estimated, like Google Fibre did!
ElHumphreys the way I read the RNS and previous announcements detailing their organic and acquired infrastructure, this will quickly scale into a reducing unit cost based on existing infrastructure and the only spike in cost is at the front end when the project starts. Using my words, think of that as a one off start up cost. They know their unit costs and it isn't the first time they've quoted figures. Not for us to challenge their expertise in determining projected costs notwithstanding we are all free to do so if we wish. Personally I have a general distrust of AIM & small cap company directors when considering their claims and forward looking statements and psychoanalyse their every word the best I can. I believe this one. Look at the history of Woodford topping up. He seems to believe them too. Not saying that proves my sentiments but it does give me a degree of comfort. BTW I am not a fan of Woodford 100%. I have a fear of him and other investors coming in early and trying to buy the company on the cheap. Whether early is 2020, later or before I don't know. But am very happy with my decision to hold these shares as I have.
Even as a long-standing supportive shareholder I have from time to time pondered how long it will take to scale organically and with bolt on acquisitions such as those already made, and how much would that cost in equity. As someone who wants to keep their shares for both dividends and capital gain that makes a difference. Today's announcement answers those questions in my mind. Am expecting this to 3 to 7 bag by June 2018 and who knows where from there. Have always found them to endeavour to be conservative with their numbers and forward looking claims and statements. Even though this is clearly an 8th wonder of the world agreement for CITY they are still being very measured in their claims I would say. Expect that when significant net profits start to flow through the balance sheet next year the market will do it's own talking based on monumental forward P/E ratio for a company of this sort. Hope Google, Amazon or someone like that don't pick them off them off before 2020. Would rather see my own intentions through.
hell yeah.
Ironic: look towards end of RNS. They are saying that they do not expect future funding to be equity based. Although they haven't explicitly said they expect the refinancing in 2018 to be at lower than existing rates, they have explained that due to Vodafone's contractual obligations it changes their financial pedigree. Those are my interpretations. http://m.londonstockexchange.com/exchange/mobile/news/detail/13425494.html
How many Megabits do you think is enough for the average user ? What type of WDM do you think Vodafone has and where ?
very good deal, excellent! well done the lths here, a nice medium term outlook. no idea what very short term price moves will be for cityfibre, but this is a real deal.
75Mbs, yes. Check out the speeds offered by Sky UFO and Talk Talk in York. Download speeds on the Gigabit Fibre network can reach as high as 1000Mbps. Yes, only if you get 1000Mbs which is only offered to businesses at a very expensive price by City. Citys GPON system is based on ITU-T G.984 Gigabit-capable Passive Optical Networks, and uses passive splitters in the Network. It will be very uneconomical and beyond Citys capabilty to offer a Gig to each customer.
75 mbps? Dont think so.. Vodafone UK and CityFibre will spend �500m (�564m) bringing ultra-fast internet to one million UK homes by 2021. Download speeds on the Gigabit Fibre network can reach as high as 1000Mbps. This would allow users to download a two-hour HD movie in less than 30 seconds. Work will begin in 2018 and aim to have the first phase completed by 2021. https://www.google.co.uk/amp/s/amp.ibtimes.co.uk/britains-fastest-broadband-be-rolled-out-by-vodafone-cityfibre-1646615
Todays huge buying pressure with no dips and broker rerates beg to differ with you ;) Even if you still differ, it is an amazing short term trade, you cannot deny that!
End of June 2017 we had � 7.9 million cash and debt of � 57.4 million . Then 28 July placing and subscription � 200 million and �15 million less exspense , ( which E1Humphries is annoyed about being diluted in by the looks of it )Aug 2017 bought Entanet for � 29 million . so I uses we are debt free with about �110 million in the bank . Any one got a un biased oppinion on that ?
City expects the indicative cost to construct the FTTH/P network at maturity should be in the range of �350 to �480 per home passed. This shows lack of experience. Costs will start rising as soon as it starts to construct and it is unlikely that City will construct urban areas at a cost of less than around �600 per home especially with rising inflation over the next few years.
City�s Full fibre residential FTTH is based on outdated basic GPON technology and offers residential customers up to 75Mbps. Virgin Media�s new FTTP rollout is based on CWDM and offers speeds of over 300Mbps (more than four times CF�s speed) and cheaper as well as offering triple play services. And yes Virgin Media also offer business customers 1 Gig connections. Who wants City/Vodafone�s up to 75Mbps when they can have Virgin Media�s 300Mbps? It didn�t work in York (sky pulled out and Talktalk is struggling) and It�s not going to work anywhere else.
The first phase of the agreement encompassing one million homes is estimated by CityFibre to be worth over �500 million over 20 years, assuming that the ten-year 20% minimum volume commitment is maintained throughout the subsequent ten years. It is only an estimate by CF and there is no guarantee that the ten-year 20% minimum volume commitment will maintained throughout the subsequent ten years. And given the competition, it is unlikely.
City�s and Vodafone�s announcements are mainly FTTH propaganda talking up what a big deal fibre is compared to copper and how shocking it is that the UK (i.e. Openreach) hasn�t got it together to fibre-up the whole country yet.
Hi Benbuild, I sold all my City shares a while back and have no intention of buying any more City shares. But as you missing me, I�ve posted a few comments for your benefit.
There is something wrong with the sp. Now it is 43.25p???!!!
wow look at them delayed buys
Very quiet today pal.
New target prices published . Very nice . New partner in the links wording " Vodaphone" . Minimum phase one guarenteed value � 500,000,000 . Building to � 2.5 Billion . Exsisting contracts on top . Looks good . BT seem to be looking to let us take over the market unless the government will fund it for them , like that's going to happen .
Yes, I doubt CityFibre will be an AIM company for much longer
Now I know how long a period is .lol
I assume the � 500,000,000 is the minimum guarenteed for the PERIOD of exclusivety . So by the time the Vodaphone contracts were at their peak we will have loads more providers on board . Who knows how long a period is . Lol .