By Chris Bailey of Financial Orbit | Monday 16 February 2015
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
There are a few candidates for the most interesting UK company update over the last week but high on my list are a couple of updates from the premium carrier neutral data centre operator Telecity (TCY). Regular readers will know it is a share that I have written positively about a number of times over the last year or so, most recently back in December when I noted that while ‘there has been a bit of huffing and puffing on the site about the old CEO’s exit but my view remains this is a business benefiting from the unbelievable growth in data need and usage with pretty reasonable barriers to entry. I’ve bought it three times in 2014 with a ‘6’ in front of it and I would certainly recommend embracing any volatility because ultimately we are going back to the 1000p+ level…’
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