Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Kabel Deutschland uprated again at General Satellite News forum; Kabel Deutschland uprated again Investment bank Morgan Stanley has given a further impressive uplift to its target share price for ...

Reply
 
LinkBack Thread Tools Display Modes
Kabel Deutschland uprated again
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 100923
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 36
Kabel Deutschland uprated again - 29-September-2010, 23:30

Kabel Deutschland uprated again

Investment bank Morgan Stanley has given a further impressive uplift to its target share price for German Kabel Deutschland. In a note to clients Morgan Stanley increases its price target from E31 to a hefty E36. Yesterdays actual price was E28, but over the past year it has been as low as E19.89. Theres more to come, suggests the bank, especially if the price takes on board the recent growth in Telenet and Virgin Media, both of which have grown by about 30% over the past year.

Morgan Stanley suggests that following Kabel Deutschlands IPO there is a longer-term Base Case target of E41, and a Bull Case of E60, and argues Cable better than copper: we believe it is a better technology to DSL to provide broadband and TV services, with a cheap upgrade path to 100MBps speeds.

The banks report talks about a gradual increase in ARPU for KD, high cash conversion driven by a largely fixed cost base with significant operating leverage. It also talks about 65-70 per cent EBITDA margins and further cooperation with Sky Deutschland.



Regards,

www.eurocardsharing.com
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox