Last 926.00 GBp
Change Today -8.50 / -0.91%
Volume 1.6M
As of 7:43 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

telecity group plc (TCY) Snapshot

Open
929.00 GBp
Previous Close
934.50 GBp
Day High
933.00 GBp
Day Low
926.00 GBp
52 Week High
02/11/15 - 1,000 GBp
52 Week Low
04/28/14 - 626.00 GBp
Market Cap
1.9B
Average Volume 10 Days
1.1M
EPS TTM
0.30 GBp
Shares Outstanding
202.9M
EX-Date
03/19/15
P/E TM
31.4x
Dividend
15.00 GBp
Dividend Yield
1.38%
Current Stock Chart for TELECITY GROUP PLC (TCY)

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telecity group plc (TCY) Details

Telecity Group plc provides carrier-neutral data centers that offer co-location and data center services in Europe. It provides infrastructure-as-a-service and hosting services; co-location and managed support services; IT infrastructure design and consulting; data centre network services, such as Internet and intersite connectivity services; and Internet security services, including managed firewalls, intrusion detection and prevention, and distributed denial of service mitigation services. The company also offers data storage and data security services comprising data backup and recovery, and data archiving services; server management and performance optimization services, which include device monitoring, load balancing, and server management services; and disaster recovery services. It serves networks and providers of content, applications, and data. The company was founded in 1998 and is headquartered in London, the United Kingdom.

Founded in 1998

telecity group plc (TCY) Top Compensated Officers

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Executives, Board Directors

telecity group plc (TCY) Key Developments

Telecity Group plc Proposes Final Dividend for the Year Ended December 31, 2014, Payable on April 24, 2015; Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

The board of Telecity Group plc is proposing a final dividend of 9.0 pence per ordinary share for the year ended December 31, 2014 against 7.0 pence per share in 2013, which, should it be approved by shareholders, increases the total dividend per share in respect of the year by 28.6% to 13.5 pence from 10.5 pence in 2013 or £27.4 million against £21.3 million in 2013 in total. Subject to shareholder approval, the final dividend will be paid on 24 April 2015 to shareholders on the register on 20 March 2015. The company reported unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company’s revenue was £348,695,000 against £325,550,000 a year ago. Excluding currency effects, revenue rose 9.2%. Operating profit was £90,014,000 against £97,353,000 a year ago. Profit on ordinary activities before taxation was £81,022,000 against £88,440,000 a year ago. Profit for the period was £59,730,000 or 29.4 pence per diluted share against £65,218,000 or 32.1 pence per diluted share a year ago. Cash inflow from operating activities was £124,894,000 against £128,561,000 a year ago. Purchase of investment related property, plant and equipment was £32,223,000 against £25,341,000 a year ago. Net debt at end of period was £316,826,000 against £304,251,000 a year ago. Adjusted EBITDA was up 6.8% to £163.7 million and up 9.5% on an OCN basis. Adjusted diluted EPS was up 7.4% to 39.2 pence and up 10.4% on an OCN basis. Capital expenditure was £129.3 million against £117.3 million a year ago. EBITDA increased 6.8%, or £10.5 million, to £163.7 million against £153.2 million a year ago. Adjusted profit after tax increased 7.4% to £79.7 million against £74.2 million a year ago. Cash flow from operations in 2014, adjusted for one-off items like exceptional and ForEx, increased 6.8% compared to 2013. For the year 2015, capital expenditure is expected to be between £100 million and £120 million. The company expects organic revenue growth to accelerate to 9-11% from 9.2% in 2014 and a stable EBITDA margin.

Private Equity Firms Eyes Telecity

According to sources familiar with the matter, certain private equity firms are showing their interest in Telecity Group plc (LSE:TCY). Telecity has previously appointed Goldman Sachs for a strategic review of its business following the unexpected resignation of its Chief Executive Officer, Michael Tobin which made Telecity an attractive takeover target in the eyes of certain U.S. and European private equity funds, according to two unnamed sources. A spokesman for Telecity declined to comment while representatives at Goldman Sachs were not immediately available for comment.

Alter Way Chooses Telecity Group to Host its Cloud Services

Alter Way has chosen Telecity Group to support increasing customer demand for its pay-as-you-use cloud solution, H2O. Alter Way hosting over 10,000 traffic-heavy websites and applications for clients including Ubisoft, NetSquad and the French government. The company said it is experiencing significant demand for its H2O cloud service, designed to provide a dynamic and highly-scalable platform for web-based applications, with up to 15% growth expected this year. Alter Way has consolidated the underlying IT infrastructure for its H2O platform into two TelecityGroup data centres in Paris. TelecityGroup's highly connected carrier-neutral ecosystem also provides optimum connectivity options for Alter Way, including into France's internet exchange, France-IX.

 

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Industry Analysis

TCY

Industry Average

Valuation TCY Industry Range
Price/Earnings 31.9x
Price/Sales 5.5x
Price/Book 4.4x
Price/Cash Flow 16.6x
TEV/Sales 5.4x
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