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Prices & Quotes - UK Markets - TalkTalk Telecom Group (TALK)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 92.50p
Change Today:
-0.85p
Market Cap:
1,060.05m
Sector:
Fixed Line Telecommunications

Headline revenues slip at TalkTalk as it focuses on fibre

By Josh White

Date: Friday 31 Jan 2020

LONDON (ShareCast) - (Sharecast News) - TalkTalk reported a fall in headline revenue, ex-carrier and off-net, in its third quarter trading update on Friday, to 383m from 386m year-on-year, while its headline on-net revenue slipped to 310m from 316m.
The FTSE 250 telecoms provider said its headline off-net revenue was in line with the third quarter of the 2019 financial year at 3m, while its headline corporate revenue fell to 79m from 82m.

It said fibre net adds during the period totalled 148,000, up from 146,000 a year earlier, while on-net average revenue per user was 24.43, down slightly from 24.70.

On-net churn was 1.2%, compared to 1.16% at the same time last year, while ethernet net adds rose to 1,700 from 1,100.

"TalkTalk enters 2020 a far simpler business with a structural advantage to accelerate full fibre nationwide," said chief executive officer Tristia Harrison.

"The recently agreed sale of our FibreNation business for 200m will strengthen our balance sheet while securing a long-term, competitive wholesale agreement, as well as full optionality to work with all Full Fibre builders.

"In the last quarter, we have outperformed the market on fibre and ethernet growth, with increasing numbers of customers in both Consumer and B2B taking higher speed products."

Harrison said TalkTalk had continued to see industry-wide voice decline, but with the successful completion of its move from London to the North West and the resulting cost reductions, she added that the company's EBITDA outlook remained unchanged.

"As we look forward, we will reap the benefits of this simplification, further cost reductions, a strengthened balance sheet and cash generation.

"Plus, clear optionality to realise our scale and accelerate customer migration to full fibre products over the long term."

At 0851 GMT, shares in TalkTalk Telecom Group were up 1.06% at 114.2p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TALK Market Data

Currency UK Pounds
Price 92.50p
Change Today -0.85p
52 Week High 122.10p
52 Week Low 69.50p
Volume 2,245,887
Shares Issued 1,146.00m
Market Cap 1,060.05m

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 4
Sell 1
Strong Sell 4
Total 10
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TALK Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jul-20 28-Nov-19
Paid 07-Aug-20 16-Dec-19
Amount 1.50p 1.00p

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 1,491,037 @ 92.50p
16:29 11 @ 91.75p
16:29 72 @ 91.70p
16:29 138 @ 91.70p
16:29 2 @ 91.70p

TALK Key Personnel

CEO Tristia Harrison