City Telecom HK Ltd (CTEL)

[jaybird249]

CTEL worth $30 at 15 X EBITDA
CTEL is going higher, much much higher (IMO of course there are ALWAYS risks). CTEL reported about $25 Million US EBITDA for first 6 months, or about $50 Million annualized. Most Independengt telcoms trade at around 15 - 20 X EBITDA. If CTEL reaches 15 X EBITDA, ot will be over $30. At current prices of 4 X EBITDA CTEL is a BARGAIN.

(Hong Kong, 18 May 2007) City Telecom (HK) Limited (SEHK Stock Code : 1137; Nasdaq Ticker Symbol : CTEL) (“The Group”) today announced interim results of 2007 for the six months ended 28 February 2007. During the period under review, the Group returned to profitability with profits attributable to shareholders for 1H FY07 of HK$18.2 million, compared to a loss of HK$55.2 million for 1H FY06. Basic earnings per share amounted to HK3 cents (for the six months ended 28 February 2006 : Basic loss per share: HK9 cents).

For the six months to 28 February 2007, EBITDA margin increased from 18.8% to 33.5% year-on-year, delivering 71.9% growth in EBITDA to HK$188.2 million. The Group’s revenue has slightly decreased by 3.6% year-on-year to HK$562.3 million with a growth in FTNS by 9.9% to HK$398.8 million being insufficient to cover the 25.9% decline in IDD to HK$163.5 million. FTNS is now our dominant revenue component, contributing 70.9% of our total revenue.
Rate it: