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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Telecity - Forecast raised twice since float

September 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TCY
  • Price:
  • 277p
Telecity (FT sector: Tech - Software & Services), which provides a network of data centres across Europe, is a true survivor of the dot com and technology boom and bust. Founded in 1998, it first went public in 2000 with a market cap. of £550m and a stratospheric price to sales ratio as investors warmed to its rolling out of these data centres whose uses range from business continuity to facilitating faster access to clients' web sites. In the euphoria of the late 90s there was plenty of easy money about which bankrolled a glut of these data centres but that occurred at a time when the technology media and telecoms industries were reining their horns in and the result was an ugly slide in profitability. However, after being t ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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