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No, can you post it here?
Anything below 0.8 is a steal.
Looking forward to this. Thanks for the update mate!
And up up up we go!
Nice action after pullback yesterday, so glad that bought a bunch yesterday near lows!
This baby has so much potential!
If anyone thinks about just entry - this is the best entry ever.
Hi guys, long time no see.
Awesome movement on the stock, added a bunch recently and feeling great.
First step recovery $2!
Go baby go!
WOW! Record volume today, this baby becomes more liquid! once big fund end up on accumulation we go only way the fund likes - UP!
AMT - from same sector as CIGW - beating earnings!
http://seekingalpha.com/news/1588583-american-tower-corporation-beats-on-revenue?isDirectRoadblock=false&source=email_rt_mc_readmore
Now this is a low point in recent reversal trend - get in before it's $2+
CIGW up 90% in 1 month when DOW is down almost 1000 points - now that's a winner!
Corporate presentation
http://www.4shared.com/office/RiKf19bCba/CIG_IB_englisch_DS.html
Download a corporate presentation here. For some reason I can't find it on a corporate website anymore - great piece of info this one is!
Big volume today! WOW! Reasonable pullback for accumulation by big guys!
WOW!!! Even I didn't expect that move! Since there's a big fund behind this can run as high as $5! Undervalued at this levels for sure, anything under $2 is a steal!
Wowhoo like I said - good day! And significant volume! This way it will only grow to rebound at least to $3!
Strong close yesterday set's up for a good day today. This baby is on sale at this levels!
The US wireless market:
Growth and no end in sight
Not long ago, the smartphone was a status symbol. Now
it is a mainstay of modern life. We use it to view business
emails, arrange to meet friends, document a child’s first
steps and share our vacation experiences. All this we can
now do on the go. And a huge selection of mobile applications
– or apps for short – enables us to do what we want
whenever we wish or need to do it.
The number of wireless Internet users has doubled every
year since 2009. According to the American IT market
research agency Gartner, 149 million smartphones were
in sold in the final quarter of 2011 alone, a year-on-year
increase of nearly 50 percent. Experts also expect global
tablet sales to double in 2012 to 119 million units. And it
is not just the younger generation that is embracing the
benefits of this advanced technology.
The flip side of the coin is that America’s wireless infrastructure
can no longer cope with the mountains of data
generated today. Thanks to smartphones, data consumption
has risen to unprecedented levels. Wireless networks
were never designed to handle this kind of load. A single
transmitting antenna is able to serve around 1,000 smartphone
users with an average data rate of 100 megabits
per second. The latest generation of iPhone, iPad and the
like, however, generates 1,000 megabits on average, so
that same antenna can serve just 100 users.
US wireless carriers are painfully aware of this problem.
After all, the criteria by which most of us choose a mobile
service provider are quality of service and coverage. This
is why heavyweights such as Verizon Wireless and AT&T
plan to invest more than US$ 20 billion a year to solve it.
CIG Wireless is set to become the only mid-tier publicly traded wireless communication tower company. With an experienced senior
management team and financial backing through a $150m credit facility, CIG Wireless provides an attractive investment opportunity and participation in the secular growth of mobile data.
CiG Wireless (CIGW) is a BUY - From the U.S. Wireless Infrastructure Sector
CiG Wireless Corp. (CIGW) is a dynamic emerging player in the U.S. wireless infrastructure sector currently with 140 communication towers across the United States. CiG is in the business of developing, operating, and owning cell towers and subsequently leasing antenna space to wireless service providers - such as AT&T, Sprint, Verizon Wireless, and T-Mobile - under long-term contracts. CIGW is rated as a BUY at current price levels.
CiG Wireless is headed by industry veteran Paul McGinn who led $11.5 Billion industry-titan SBA Communications (SBAC: Nasdaq) as Head of Acquisitions from their first tower purchase to a portfolio of over 3,000 cell towers. Following his tenure at SBA, he founded and led TCP Communications as its CEO, bringing it to a successful sale with a portfolio of over 250 towers.
Paul now brings his vast industry expertise to CiG Wireless (CIGW) as CEO where he intends to grow the company primarily through strategic acquisitions—something he knows a thing-or-two about!
The U.S. wireless infrastructure sector has experienced unprecedented growth over the last decade as more and more people upgrade to 3G and 4G mobile devices such as cell phones, tablets, and laptops. CiG Wireless Corporation (CIGW) is well-positioned to capitalize on this high-growth consumer trend.
Oppenheimer Very Positive on Wireless, Cloud and Tower Stocks for 2014
Read more: Oppenheimer Very Positive on Wireless, Cloud and Tower Stocks for 2014 - American Tower (NYSE:AMT) - 24/7 Wall St. http://247wallst.com/technology-3/2014/01/21/oppenheimer-very-positive-on-wireless-cloud-and-tower-stocks-for-2014/
Great day, big volume and momentum is picking up! Go CIGW!
CEO's Paul McGinn video interview with Chris Castaldo
Again good volume today. This baby is a loaded gun!
For sure!
Holding on a while ago!
Something BIG is ahead. As you know Fir Tree Partners is behind this and it's not a joke!
https://www.firtree.com/
http://www.cigwireless.com/investors/press-releases/
Nice day today up 7% and volume. Looking forward to add some more tomorrow.
Nice to see volume picking up, once accumulation is done this baby goes all way back to $3. Picked up some today!
Small cap stocks like CIGW are best performing stocks this year. Look at AMT CCI SBAC they all started at $1 and now trade at $70.
Go CIGW next tower high stock!
Looks great today - volume also picking up! Love my CIGW and happy that I've added at lower levels!
http://www.cigwireless.com/what-we-have/
A clear look why this company is set for substantial and sustainable positive cash flow. With big fund as a partner more acquisitions are under way. If you ask me where this is going - look at other stocks from this sector. 200-300% growth minimum.
Don't Overlook the Cell Tower Stocks: CIGW, CCI, AMT, SBAC
It's no secret that the cell phone business is still hot and there are plenty of ways to play it. The manufacturers like Apple (NASDAQ: AAPL ) and Nokia (NYSE: NOK ), the carriers-Verizon (NYSE: VZ ) or AT&T (NYSE: T ), and others like Level 3 Communications (NYSE: LVLT ) that help to manage the massive flow of data are all well-known opportunities.
But there's another way to play the space largely overlooked by investors. Next time you're driving and you see one of those ugly, grey cell towers, start seeing green because those towers have a track record of producing cash for investors.
There are three names in the cell tower space. American Tower (NYSE: AMT ) is the best known among investors. It operates more than 54,000 towers and logged gains of 1,400 percent since 2003. In the past 12 months, it's up 24 percent.
It's the favorite among investors, in part, because it's kept its debt under control. At 3.8 times EBITDA, that's three handles better than AMT's other two competitors, according to Morningstar . With a forward P/E of 29, it's not cheap but not overvalued in the eyes of investors.
Then there are the other two in the space. Crown Castle International (NYSE: CCI ) and SBA Communications (NASDAQ: SBAC ). Crown Castle leads the pack in the amount of American cell towers with about 30,000. In a 2012 deal with T-Mobile, CCI purchased 7,100 towers at a significant discount ($2.4 billion) compared to other deals over the past five years. This ratchets up the company's leverage to 6 times EBITDA but investors welcomed this along with other recent acquisitions.
CCI is up 30 percent in the past year but it's expensive with a forward P/E of 66.
Finally, SBA Communications is the smallest of the tower names in terms of number of towers owned. It operates 16,500 towers throughout North, South and Central America and manages 5,000 sites for outside landlords. In addition to its portfolio of towers, it provides assistance to carriers that includes site identification and acquisition, equipment installation, and integration services.
The company acquired TowerCo in Q3 2012. This purchase added 3,256 towers in the U.S. and Puerto Rico while buying 800 towers from a Brazilian subsidiary. Brazil is the fourth largest country for cell use and is currently undergoing a massive build out for the 2016 Olympics.
SBAC is up more than 47 percent in the past 12 months but the company is not profitable.
Much like office space, owners of each tower lease space to carriers that strategically build out their networks for maximum coverage. Because the upfront costs of placing equipment on a tower are so high, it doesn't make financial sense to switch to a neighboring tower if the cost to lease was lower. For this reason, the cash flow from the cell tower companies is consistent and reliable.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read more: http://www.nasdaq.com/article/dont-overlook-the-cell-tower-stocks-cm226185#ixzz2fvG17ENJ
Was that you covering your short all the way to $4.50? You have to be crazy shorting low priced stocks in this market. I am personally very happy making money on the Long side! Buy the dip when you can - not when you have to! With 10b fund as Partner CIGW can trade at $25 on NYSE in less then 24 month. That's my bet!
CIGW is a Pure tower play stock like AMT, CCI, SBAC now $3 stock with short term potential to be $5. Fully funded company with real assets and cash flow business model.
Game changing news! Go CIGW!
CiG Wireless Corp. Closes $35 Million Preferred Stock Financing
CiG Wireless Corp. (OTCBB:CIGW) ("CiG" or the "Company"), a leading independent owner and operator of wireless communications infrastructure in the United States, announced today that it has completed a $35 million preferred stock financing agreement with funds managed by Fir Tree Partners ("Fir Tree"), a New York based private investment fund. Fir Tree invested $35 million into the Company's newly created Series A-1 Non-Convertible Preferred Stock and Series A-2 Convertible Preferred Stock at the initial closing on August 1, 2013. The Series A-2 Preferred Stock is initially convertible into 29,297,652 shares of the Company's common stock. The Company holds certain conditional rights to call up to $25 million in additional investment from Fir Tree for acquisitions, subject to certain enumerated conditions satisfactory to Fir Tree.
As part of the financing agreement, Scott Troeller and Jarret Cohen, both executives of Fir Tree, will be joining the Company's Board of Directors after the transaction closes. Messrs. Sebastien Koechli and Gert Rieder resigned from the Board prior to the closing.
Simultaneously with the closing, the Company completed the previously announced acquisitions of Liberty Towers LLC ("Liberty"), and Southern Tower Antenna Rental, LLC ("STAR"). The Liberty acquisition includes 38 fully constructed communications towers and 252 works-in-progress sites. The Liberty transaction was completed for aggregate consideration of $33.7 million, paid in cash and shares of common stock of the Company. The STAR acquisition, which includes 28 fully constructed communications towers, was consummated in cash for $12.5 million. The Company used the proceeds from the Fir Tree financing, together with proceeds from its existing bank facility, to fund these purchase prices and pay acquisition and financing related transaction expenses.
The Liberty and STAR acquisitions significantly increase CiG's tower portfolio to 139 fully constructed communications towers and will create a robust and geographically diverse works-in-progress pipeline of development sites.
"This financing is a transformational event in the life of our Company, allowing us to close on two major acquisitions, which immediately enhances our tower footprint all across America," said Paul McGinn, President and CEO of CiG. "It also provides us with direct access to additional capital, which, when coupled with our existing senior debt facility with Macquarie Bank Limited, will support the acceleration of our growth through acquisition strategy."
Macquarie Capital (USA) Inc., acted as the exclusive placement agent for the financing.
About CiG Wireless Corp.
CiG Wireless Corp. (www.cigwireless.com) is a leading independent owner and operator of wireless communications infrastructure in the United States. The primary focus of the Company is leasing antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company's shares are traded publicly in the US on the OTC Bulletin Board (CIGW) and on the Entry Standard of the Frankfurt Stock Exchange under the symbol (6CW).
About Fir Tree Partners
Fir Tree Partners was founded in 1994 and located in New York City (HQ) and Miami, is a value-oriented investment manager that manages private investment funds for endowments, charitable and philanthropic foundations, pension funds and other institutional and private investors. Fir Tree invests worldwide in public and private companies and real estate across a wide variety of sectors and securities, and sovereign debt.
CiG Wireless Corp. Agrees to Acquire Communications Towers and Related Assets From Southern Tower Antenna Rental, LLC
ATLANTA, May 22, May 22, 2013 (GLOBE NEWSWIRE via COMTEX) -- CiG Wireless Corp. CIGW +0.75% ("CiG"), a leading independent owner and operator of wireless communications infrastructure in the United States, today announced that it has entered into an agreement to acquire certain telecommunications assets from Southern Tower Antenna Rental, LLC ("STAR"). The assets to be acquired are as follows:
-- Thirty (30) fully constructed communications towers; and
-- Right of first refusal with respect to the next thirty (30) telecommunications towers to be constructed by STAR.
Upon completion of the acquisition CiG will assume all obligations under contractual agreements pertaining to the assets.
The purchase price for the acquisition is $13,500,000. CiG intends to close the transaction as soon as reasonably feasible following satisfactory completion of due diligence.
"This transaction represents another important milestone as we begin to execute our acquisition strategy," said Paul McGinn, President and CEO of CiG Wireless Corp. "We see excellent potential for growth in a number of areas and will be pursuing additional expansion of our tower portfolio as quality opportunities are identified."
Additional information related to the transaction is included in a Form 8-K filing which can be viewed at CiG's website.
Southern Tower Antenna Rental, LLC, was represented in this transaction by the Quantum Group LLC.
About CiG Wireless Corp.
CiG Wireless Corp. (www.cigwireless.com) is a leading independent owner and operator of wireless communications infrastructure in the United States. The primary focus of the Company is leasing antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company's shares are traded publicly in the US on the OTC Bulletin Board (CIGW) and on the Entry Standard of the Frankfurt Stock Exchange under the symbol (6CW).
About The Quantum Group LLC.
The Quantum Group is an independent, privately owned mergers and acquisition broker that provides sell-side advisory services for middle market wireless communication infrastructure owners. The Quantum Group currently is the largest M&A broker in the tower/rooftop market and has completed over 600 successful transactions in the last 16 years.
Safe Harbor Statement
This presentation contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These forward-looking statements are based upon currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Our actual results may vary materially from the forward-looking statements as a result of various factors and uncertainties. The Company cannot provide assurances that any projections, goals, future events and other prospective matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by the Company with the U.S. Securities & Exchange Commission. The Company undertakes no obligation to update information contained in this presentation.
CIGW, Cell Tower Play Stock presentation:
http://www.cigwireless.com/assets/files/CiG_Presentation_May_10_13.pdf
NYSE listing planned
The Company has commenced the application process for listing of the Company’s common stock on the NYSE MKT.
http://www.sec.gov/Archives/edgar/data/1432754/000114420413026349/v343913_8-k.htm
CiG Wireless Corp. Agrees to Acquire Certain Communication Towers and Related Assets From Liberty Towers, LLC
ATLANTA and ROCKVILLE, Md., May 6, 2013 (GLOBE NEWSWIRE) -- CiG Wireless Corp. (OTCBB:CIGW) ("CiG"), a leading independent owner and operator of wireless communications infrastructure in the United States and Liberty Towers, LLC ("Liberty"), a privately owned, Washington D.C. based communications tower company, jointly announced today that they have entered into an agreement whereby CiG will acquire certain telecommunications assets from Liberty. The assets to be acquired are as follows:
Thirty-Eight (38) tower sites that are fully constructed or generating revenue,
Two Hundred Fifty-Two (252) work-in-progress sites.
Upon completion of the acquisition, CiG will assume all obligations under contractual agreements pertaining to the assets, including leases, license agreements and permits.
The purchase price for the acquisition is $33,215,000, which will consist of payments to be made in cash and restricted shares of CiG common stock. The target closing date for the transaction is June 30, 2013. The closing will be subject to completion of satisfactory due diligence by CiG and other closing conditions.
Additional information related to the transaction is included in a Form 8-K filing which can be viewed at CiG's website.
"We look forward to completing this acquisition," said Paul McGinn, President and CEO of CiG. "The Liberty portfolio will significantly expand our tower footprint as well as provide us with excellent future development opportunities."
"Liberty is looking forward to bringing its base of tower assets and greenfield development opportunities, along with our seasoned industry veterans and diverse industry experience to CiG's business," said Michael Hofe, President and COO of Liberty.
"We look forward to working together and to contributing Liberty's talents and skills to maximize our new relationship with CiG," added Eric Sivertsen, CEO of Liberty.
About CiG Wireless Corp.
CiG Wireless Corp. (www.cigwireless.com) is a leading independent owner and operator of wireless communications infrastructure in the United States. The primary focus of the Company is leasing antenna space on its multi-tenant towers and rooftops to a variety of wireless service providers under long-term lease contracts. The Company's shares are traded publicly in the US on the OTC Bulletin Board (CIGW) and on the Entry Standard of the Frankfurt Stock Exchange under the symbol (6CW).
About Liberty Towers, LLC
Liberty Towers, LLC (www.libertytowers.com) is a communications tower company which develops, acquires and manages wireless communications towers in the continental United States. Liberty is headquartered in the greater Washington, DC area.
Urgent need to improve mobile networks
Eric Schmidt, Google’s chairman, tweeted last week that “by the end of the decade, everyone on earth will be connected” to the internet.
While some would disagree with the timescale of the prediction, there are few who can argue against the rapid increase in data use in most countries around the world. This has led to an urgent need to improve mobile networks so that they can withstand the sharp increase in demand for internet on the move, particularly given the emergence of mobile devices as the main means for internet access.
Although 5G has different meanings for different countries and organisations, the term can generally be taken to mean the next generation of high-speed and ultra-reliable internet access that can accommodate data-heavy applications such as high-definition video, as well as other future technologies not yet developed.
Ubiquitous and high-speed 5G services could, according to industry experts, support always-connected mobile devices that host multiple applications from high-definition video streaming to navigation aids and social media. Better networks will also continue to underpin the growth of smartphone and tablet use, as well as applications such as mobile TV and gaming.
Much of the innovation associated with 5G will be unseen by consumers, with devices simply better able to utilise constrained spectrum in a way that will not only improve services but reduce the environmental impact of doing so. So-called “machine to machine” communication will also become more important, with utilities hooked up to constantly updated national networks, household appliances able to talk to owners and health monitoring systems connected to local hospitals.
Given that most users are yet to adopt even 4G technology – a term that also covers different technologies and capacities across the world – it could be some time before consumers start taking about 5G technology. However, for the communications industry, the term will become increasingly crucial for the next wave of technological improvement.
Don't Overlook the Cell Tower Stocks like CIGW
It's no secret that the cell phone business is still hot and there are plenty of ways to play it. The manufacturers like Apple (NASDAQ: AAPL ) and Nokia (NYSE: NOK ), the carriers-Verizon (NYSE: VZ ) or AT&T (NYSE: T ), and others like Level 3 Communications (NYSE: LVLT ) that help to manage the massive flow of data are all well-known opportunities.
But there's another way to play the space largely overlooked by investors. Next time you're driving and you see one of those ugly, grey cell towers, start seeing green because those towers have a track record of producing cash for investors.
There are three names in the cell tower space. American Tower (NYSE: AMT ) is the best known among investors. It operates more than 54,000 towers and logged gains of 1,400 percent since 2003. In the past 12 months, it's up 24 percent.
It's the favorite among investors, in part, because it's kept its debt under control. At 3.8 times EBITDA, that's three handles better than AMT's other two competitors, according to Morningstar . With a forward P/E of 29, it's not cheap but not overvalued in the eyes of investors.
Then there are the other two in the space. Crown Castle International (NYSE: CCI ) and SBA Communications (NASDAQ: SBAC ). Crown Castle leads the pack in the amount of American cell towers with about 30,000. In a 2012 deal with T-Mobile, CCI purchased 7,100 towers at a significant discount ($2.4 billion) compared to other deals over the past five years. This ratchets up the company's leverage to 6 times EBITDA but investors welcomed this along with other recent acquisitions.
CCI is up 30 percent in the past year but it's expensive with a forward P/E of 66.
Finally, SBA Communications is the smallest of the tower names in terms of number of towers owned. It operates 16,500 towers throughout North, South and Central America and manages 5,000 sites for outside landlords. In addition to its portfolio of towers, it provides assistance to carriers that includes site identification and acquisition, equipment installation, and integration services.
The company acquired TowerCo in Q3 2012. This purchase added 3,256 towers in the U.S. and Puerto Rico while buying 800 towers from a Brazilian subsidiary. Brazil is the fourth largest country for cell use and is currently undergoing a massive build out for the 2016 Olympics.
SBAC is up more than 47 percent in the past 12 months but the company is not profitable.
Much like office space, owners of each tower lease space to carriers that strategically build out their networks for maximum coverage. Because the upfront costs of placing equipment on a tower are so high, it doesn't make financial sense to switch to a neighboring tower if the cost to lease was lower. For this reason, the cash flow from the cell tower companies is consistent and reliable.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.