Hong Kong Television Network Ltd. (MM) (CTEL) Quote

I picked up 1,100 @ 12.50. I hope it's a new launch point

City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) announced today that NiQ Lai, CFO and Head of Talent Engagement, will participate in a webcast and question-and-answer session hosted by Bay Crest Partners, on Thursday, June 24th at 10:00 am EDT.
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From Bay Crest's website:
Our Corporate Access platform focuses on building relationships between a wide range of corporate executives and our clients. Corporate Access enables Bay Crest to provide our clients with a unique venue to meet with corporate executives. Our team establishes relationships between institutional investors and corporate management. This unbiased access can provide an institutional investor with unique perspective and analysis, and can help broaden and strengthen each company’s investor base.

We facilitate conference calls, one-on-one management meetings, on-site visits and non deal road shows with industry experts and senior management teams. We believe our hosted events offer a unique venue with access to management of some of the top discovered and undiscovered global companies.

Recent Conference Calls & Events
06/16/10 Legacy Reserves LP (NASDAQ: LGCY)
06/03/10 Myriad Genetics, Inc. (NASDAQ: MYGN)
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05/18/10 GrafTech International (NYSE: GTI)
05/17/10 Investor / Analyst Breakfast with Compass Group PLC (CPG London)
05/12/10 Big 5 Sporting Goods Corporation (NADAQ: BGFV)
05/11/10 Investor / Analyst Luncheon with Randgold (GOLD)
05/06/10 Investor / Analyst Cocktail Reception with NTT DoCoMo Inc. (9437 JP)
05/06/10 Cummins Inc. (NYSE: CMI)
05/05/10 TradeStation Group, Inc. (NASDAQ: TRAD)
04/28/10 Coach, Inc. (NYSE: COH)
03/31/10 Quicksilver Resources Inc. (NYSE: KWK)
http://www.baycrestpartners.com/corporate_access.html

I think Cramer helped get it some attention but it is probably moving more on recognition of its earnings potential.

Well, this upward pace has continued nicely. I've taken out my cost basis and will just ride the free shares now.
Guess I was wrong in my thinking about Cramer's tout being temporary.

Ahhh, the 'kiss of death'.....the effect of his touts never seem to last very long. Can't stand that blowhard....never watch him. Apparently, many people do given the pop today.

Cramer touted it pretty big last night.

What a great move so far today in CTEL. Sweet. Wish they could ring the opening bell every day!

Hong Kong Broadband Network Ltd ("HKBN"), a wholly owned subsidiary of City Telecom (HK) Limited, (HKSE:1137) (Nasdaq:CTEL), today announced the launch of 100Mbps + WiFi broadband connectivity at the new North Satellite Concourse of the Hong Kong International Airport (HKIA).

Equipped with ten new bridge-served stands for narrow-bodied planes, the 20,000-square-metre North Satellite Concourse is designed to serve over 5 million passengers a year at the initial stage, ensuring the same level of service for the growing number of passengers flying on smaller aircraft.

Keeping travelers online before boarding and between flights, HKBN is the sole service provider of the free 100Mbps broadband connection at the new concourse, making it one of the very few terminals in the world that provide such high speed connection. Furthermore, HKBN's renowned fibre network also enables travelers with unlimited speedy Wi-Fi internet access at almost anywhere, with any Wi-Fi enabled devices throughout the entire concourse, courtesy to hotspots supported by our long term partner Y5ZONE.

HKBN's Mr. John Chong, Managing Director of Corporate Division, said: "With more and more travelers around the world flying in, out and through Hong Kong, the HKIA has established itself as one of the best airports worldwide through the years. Being a pioneering broadband service provider in Hong Kong, HKBN is proud to support HKIA's long term strategy in enhancing competitiveness with our advance fibre network and world class services."

For more details, please visit http://reg.hkbn.net/ctigroup_admin/files_upload/PR-NSC100ME.pdf

Tis is good and worth a read, imo.

http://reg.hkbn.net/ctigroup_admin/files_upload/CTELMcKinseyInterview.pdf

This post from Crossy at Silicon Investor is full of good info about the prospects of CTEL:

re: City Telecom H.K. (Nasdaq ADR): CTEL $6.32

I recently took some time to research "Rule-breaking" (Next-generation) telecom firms. Well ... looks like the more interesting telecom opportunities according to this theme are all located in Asia, the best among them most probably City Telecom ADR in HongKong. Ticker is "CTEL" on the Nasdaq, trading around $6. One US listed ADR (Nasdaq) ist the equivalent of 20 odinary shares (1137.HK)

http://finance.yahoo.com/q/cq?d=v1&s=ctel%201137.hk

They are the top challenger to the incumbent PCCW. And unlike the debt-ridden, hyperthrophic incumbent firm, CTEL has a lit (!) FTTH network, captive fiber assets already spanning more than 1.5 Million homes (passed) and connecting 1500 businesses. The network is already built out 70%.

http://finance.yahoo.com/q/pr?s=CTEL

They are profitable, FREE (!) cashflow positive, pay a small dividend and are the fastest growing Internet/Telecom firm in HongKong. Last year, they outflanked the legacy cable operator called "i-Cable" and now hold the #2 spot among HK broadband firms.

http://finance.yahoo.com/q/ks?s=CTEL

The metrics are nothing but astounding IMHO. Marketcap around $200m. They bought back most of their debt (8.75% senior notes) for a discount during the financial crisis to the point that they are now net-debt free.

Right now their PSR around 1, PE of 9, EBITDA Margin around 30% (and growing) EV/EBITDA below 4 They are fiber-only and their HK network is called "HKBN" (HongKong Broadband NEtwork). A repicable business model for sure that might apply to many densely populated areas.(They might branch out into partnerships to develop similar FTTH networks in different cities, especially in Asia)

http://www.ctihk.com/index_e.html
http://www.ctigroup.com.hk/en/about.html
http://www.ctigroup.com.hk/en/investors/2009/090525%20Presentation.pdf
http://reg.hkbn.net/ctigroup_admin/files_upload/9-1-09%20CTEL%20Rodman%20Confe.pdf
http://reg.hkbn.net/ctigroup_admin/files_upload/090831%20CTEL%20Rodman%20Renshaw.pdf

Their pricing of service just makes me envious, either.
US $30 .. gets you 25Mbit/symmetric bandwidth + Digital TV (IPTV)
US $ 60 gets you 100Mbit bandwidth
US $380 gets you a a Gigabit of bandwidth .. SYMMETRIC !

They have a FTTH based asset mix, that the incumbent PCCW is unable to match. This means they can offer better and more comprehensive service than the incumbent with its legacy copper assets is able to. Plus they are not burdened with high-opex legacy assets (light local exchanges and copper plant)

If CTEL was valued according to European fiber based ALTNETS, it should be trading at 3 times its current valuation. Due to this, plus the embedded growth from an enlarged footprint and bigger scope, I believe they are in for a 3 to 5 - bagger over the next couple of years.

Right now they have a 5% market share in the HongKong IP service market "cake" If this gets towards their targeted 30% by 2016 (a realistical assumption) then they may be in for even more.

rgrds,
CROSSY

The company is now back to the profit track. Watch it carefully!

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.
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WOW what a run so far

In at 10.20 and letting it ride, I think we have a couple more days of a run here...

Does anyone know why this is running? I can't seem to find anything...someone knows something, that's for sure.

Pred

P.S. Big Boards make me tons more money than pennies :)

amazing!

Hi of 14.00 today
MK

CTEL Rtq 5.13 up 99%