Arden Partners (ARDN)

Sector:

Financials

Index:

FTSE AIM All-Share

 14.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 26.50p
  • 52 Week Low: 14.00p
  • Currency: UK Pounds
  • Shares Issued: 30.82m
  • Volume: 0
  • Market Cap: £4.32m
  • RiskGrade: 130

Telecity chief shows faith in the company

Date: Monday 05 Nov 2012

LONDON (ShareCast) - Telecity's Chief Executive Officer has bought shares in the company in a bid to show his confidence in the company's new Finnish acquisition, which on Monday proved decidedly unpopular, with shares dropping almost nine per cent.

Michael Tobin made the modest purchase of 2,000 at 843.60p. The £16,872 purchase takes his stake in the company to 616,000 shares, equal to around 0.31% of the issued share capital.

The company announced that it has acquired Finnish company Academica for €28m in cash. Academica operates data centres in Helsinki, and has 1MW of operational capacity and a secured capacity pipeline of 3MW. The purchase is a strategic move to establish a leading position in this growing market, the firm said.

However, analyst James Goodman at Investec has commented that the acquisition was "very expensive". That said, he did add that, "the business has an expansion plan to quadruple the capacity to 4MW which would clearly lessen the price, but would depend on the incremental capital expenditure required".

In a statement released on Monday, Tobin, said: "I am pleased with Telecity Group's progress to date in 2012. Notwithstanding the continuing barriers to entry in all major locations, we have delivered major capacity expansion projects across Europe to underpin future growth."

The announcement came as the firm reported a period of "robust" trading and confirmed that earnings for the full year will be in line with market estimates.

Consensus estimates for the full year ending December 31st are for pre-tax profits of £81.66m on revenues of £284.35m. With estimated earnings per share of 30.76p, it is on a forward price earnings ratio of 29.7 for 2012, dropping to 23.6 in 2013.


Top Director Buys

Whitbread (WTB)
Director name: Mr Richard Baker
Amount purchased: 4,094 @ 2,357.00p
Value: £96,496

Whitbread (WTB)
Director name: Ms Susan Mary Hooper
Amount purchased: 800 @ 2,412.90p
Value: £19,303

Telecity Group (TCY)
Director name: Mr Michael Tobin
Amount purchased: 2,000 @ 843.60p
Value: £16,872


Top Director Sells

M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 5,000 @ 498.00p
Value: £24,900

M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 3,793 @ 495.00p
Value: £18,775

Arden Partners (ARDN)
Director name: Mr Jonathan B Keeling
Amount sold: 25,000 @ 50.00p
Value: £12,500

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Arden Partners Market Data

Currency UK Pounds
Share Price 14.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 26.50p
52 Week Low 14.00p
Volume 0
Shares Issued 30.82m
Market Cap £4.32m
RiskGrade 130

Arden Partners Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.56% above the market average49.56% above the market average49.56% above the market average49.56% above the market average49.56% above the market average
28.79% above the sector average28.79% above the sector average28.79% above the sector average28.79% above the sector average28.79% above the sector average
Price Trend
71.91% below the market average71.91% below the market average71.91% below the market average71.91% below the market average71.91% below the market average
74.5% below the sector average74.5% below the sector average74.5% below the sector average74.5% below the sector average74.5% below the sector average
Income Not Available
Growth
35.52% below the market average35.52% below the market average35.52% below the market average35.52% below the market average35.52% below the market average
35.54% below the sector average35.54% below the sector average35.54% below the sector average35.54% below the sector average35.54% below the sector average

Arden Partners Dividends

  Latest Previous
  Final Final
Ex-Div 28-Feb-19 01-Mar-18
Paid 27-Mar-19 22-Mar-18
Amount 1.00p 1.00p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

Arden Partners Key Personnel

Chair Mark Ansell
CEO Donald Brown

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