reports
- James Ratzer
TalkTalk H1 results: Guidance looks at risk
TalkTalk has reported its H1 results to August, albeit given the lack of an investor presentation, it is hard to decipher all the changes vs. their guidance at this stage, but we think the numbers are at the low end of any prior guidance. We are still also critically waiting for any disclosure on KPIs since February, but we think the risk is to the downside given Openreach disclosure.
- James Ratzer
TalkTalk Macquarie to buy a 40% stake in PlatformX for £450m?
Like London buses, you wait for ages, and then two come at once.....so following reports over the weekend that TalkTalk is in talks with VMO2, Sky news is now reporting that Macquarie could enter exclusive talks to invest £450m for a ‘40% or slightly more’ stake in TalkTalk’s wholesale platform (‘PlatformX’). This would imply a valuation for the platform of £1.1bn, considerably higher than our valuation of asset.
- James Ratzer
- James Ratzer
TalkTalk H1 24: New guidance implies significant turnaround
TalkTalk has reported their H1 results and set out new medium-term guidance, which we find this optimistic at this stage as it implies a very significant turnaround from current operating trends. They are hoping to provide a more concrete update on the Platform X equity injection by Q1 2024, and there are scenarios that could support a proper equity injection into Platform X for the benefit of bondholders. However, there is still significant event risk for any new shareholder into Platform X whi...
- James Ratzer
- James Ratzer
CityFibre Revisiting the CityFibre debt syndication
In June 2022, CityFibre secured a £4.9bn debt package comprising committed facilities of £3.9bn and an accordion facility of £1.0bn. Initial attempts to syndicate the debt were unsuccessful, allowing the underwriters to re-price (‘flex’) the debt in January 2023. We understand that subsequent attempts to syndicate the debt have also been unsuccessful, leaving the underwriters with £4.9bn of CityFibre debt sitting on their books.
A director bought 50,819 shares at 32.000SEK and
A director at Talkpool Ag bought 50,819 shares at 32.000SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.