Overview
Cordiant Digital Infrastructure Limited aims to generate attractive total returns for shareholders over the longer term, comprising capital growth and a progressive dividend through investment in digital infrastructure assets, with a predominant focus on data centres, mobile telecommunications/broadcast towers and fibre-optic network assets.
You can access the company’s website here
Fundamentals
Price
Research History
-
17 Oct 2023 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2023
Third quarter of 2023 Investment Companies | Quarterly roundup | October 2023 Kindly sponsored by abrdn ‘Uncomfortable’ Following a fast start to the first half of the year, globally equities took a breather in Q3, as markets assessed the implications of the worst bond sell-off in a generation. Yields on 10-year US treasuries and UK […]
-
07 Jul 2023 1 min read
Interview with Steve Marshall from Cordiant Digital Infrastructure
In this week’s show, James Carthew spoke to Steve Marshall from Cordiant Digital Infrastructure. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would prefer […]
News
-
07 Aug 2024 1 min read
QuotedData’s morning briefing 7 August 2024 – APAX, CORD, JAM, CLI
In QuotedData’s morning briefing 7 August 2024: Apax Global Alpha Limited (APAX), announced that it expects to invest approximately €2.5m in greytHR on a look-through basis, a leading full suite human resource management software platform in India. The transaction is due to close in Q3 2024, subject to customary closing conditions. Cordiant Digital Infrastructure Limited […]
-
01 Jul 2024 2 min read
QuotedData’s morning briefing 1 July 2024 – HGT, CORD, BPCR, PINT, APAX, MHN
In QuotedData’s morning briefing 1 July 2024: HG Capital Trust (HGT) has agreed to the sale of F24, a leading European software-as-a-service provider for Business Resilience solutions. The terms of the transaction have not been disclosed and completion is subject to closing conditions. However the transaction will value HGT’s investment in F24 at c.£18.4m. This would […]
-
20 Jun 2024 2 min read
Cordiant Digital reasonably good results at odds with discount
Cordiant Digital Infrastructure’s results to end March 2024 show an improvement in its NAV to 120.1p, contributing to an NAV return for the period of 9.3% (that would have been 11% but for adverse foreign exchange movements), and an increase in the dividend to 4.2p (up 5%), offset by a widening discount – from 28.3% […]
-
25 Jan 2024 2 min read
QuotedData’s morning briefing 25 January 2024 – IAT, CORD, GRIT, GABI, AEWU, WKP
In QuotedData’s morning briefing 25 January 2024: Invesco Asia (IAT) says that from 1 May 2024, its two co-portfolio managers will swap roles, with Fiona Yang taking the lead from Ian Hargreaves, but will both continue to work very closely together on the portfolio. The directors say that they have been impressed by Fiona’s contribution […]
-
16 Jan 2024 1 min read
QuotedData’s morning briefing 16 January 2024 – CORD, WKOF
In QuotedData’s morning briefing 16 January 2024: Cordiant Digital Infrastructure Limited (CORD) announced that Belgian foreign direct investment approval has been granted and the acquisition of Norkring België for total consideration of €6.2 million from Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV has completed. Norkring operates 25 communication and broadcast towers in Belgium. Weiss […]
-
08 Jan 2024 2 min read
QuotedData’s morning briefing for 8 January 2024 – AERI, CORD, SMIF, ICG, CLDN, RTW, LMP, PSDL
In QuotedData’s morning briefing for 8 January 2024: Aquila European Renewables (AERI) has announced that it has entered into a €50m five-year debt facility with ING Bank N.V. Sucursal en España. The facility is secured by AERI’s wholly owned Spanish solar PV portfolio, with the leverage equal to 26%. The pricing of the debt remains […]
-
20 Dec 2023 2 min read
Portfolio update for Cordiant Digital Infrastructure
Cordiant Digital Infrastructure (CORD) has announced that its Czech portfolio company, České Radiokomunikace (CRA), has agreed to acquire a pair of businesses from Aricoma in the data centre and cloud services market, Cloud4com and DC Lužice. The transactions represent a significant advance in both the scale and capability of CRA in the Czech Republic’s fast-growing […]
-
29 Nov 2023 2 min read
QuotedData’s morning briefing 29 November 2023 – FCSS, CORD, SDV
In QuotedData’s morning briefing 29 November 2023: Cordiant Digital Infrastructure (CORD) announced its interim results for the six months to 30 September 2023. The NAV total return was 1.1% while shares fell 12.4% with the company’s discount widening to 38%. Despite the returns, portfolio performance was robust. EBITDA for the six-month period increased 5.5% to […]
-
02 Nov 2023 1 min read
Cordiant Digital buys Belgian towers
Cordiant Digital Infrastructure Limited (the “Company” or “CORD”), an operationally focused specialist digital infrastructure investor, is pleased to announce it has agreed to acquire Norkring België NV (“Norkring”), which operates 25 communication and broadcast towers in Belgium, from its current shareholders Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV. Norkring is being acquired for a […]
-
19 Oct 2023 1 min read
Cordiant Digital completes Speed Fibre deal
Cordiant Digital Infrastructure has completed its purchase of Speed Fibre DAC. This improves the fund’s portfolio diversification by asset class and geography, with the addition of wholesale and retail fibre services in Ireland. Cordiant Digital says that S”peed Fibre is a cash generative enterprise with a diversified base of blue-chip customers. The Group represents a leading […]
-
10 Oct 2023 1 min read
QuotedData’s morning briefing 10 October 2023 – CORD, GCP, WHR
In QuotedData’s morning briefing 10 October 2023: Cordiant Digital Infrastructure Limited (CORD) announced that the acquisition of Speed Fibre DAC has been cleared under the United Kingdom’s National Security and Investment Act 2021. This clearance was required because an element of Speed Fibre’s network extends into Northern Ireland. Speed Fibre is Ireland’s leading open access […]
-
27 Sep 2023 1 min read
QuotedData’s morning briefing 27 September 2023
In QuotedData’s morning briefing 27 September 2023: Cordiant Digital Infrastructure (CORD) has announced that it has received regulatory approval for its acquisition of Speed Fibre Group and expects the transaction to close later this year. Taylor Maritime Investments (TMI) has announced that it has refinanced its debt facility, and has made a loan repayment of […]
-
24 Aug 2023 1 min read
QuotedData’s morning briefing 24 August 2023 – CORD, PEY, NBMI, GABI
Cordiant Digital Infrastructure (CORD) announced that it has entered into an agreement to acquire the entire issued share capital of Speed Fibre, Ireland’s leading open access fibre infrastructure provider. Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5m. The equity consideration of €97 million will be funded […]
-
17 Jul 2023 2 min read
QuotedData’s morning briefing 17 July 2023
In QuotedData’s morning briefing 17 July 2023: Cordiant Digital Infrastructure (CORD) has announced that its portfolio company, Emitel S.A, has refinanced its senior loans, securing €353m in financing which matures in 2030. The new facility was 1.6 times oversubscribed, with a blended rate lower than the 2.9% of its current senior facilitates. The new loans […]
-
12 Jul 2023 1 min read
QuotedData’s morning briefing 12 July 2023
Cordiant Digital Infrastructure Limited (CORD) announced that its portfolio company, České Radiokomunikace has signed a new 15-year contract with an existing customer, the blue-chip mobile operator T-Mobile for the lease of space on CRA’s telecommunications tower portfolio. The new contract replaces and expands the scope of the existing contract with T-Mobile. Under the previous arrangements, […]
-
22 Jun 2023 2 min read
Cordiant Digital Infrastructure produces decent result
Cordiant Digital Infrastructure generated a total return of 10.0% over the 12 months ended 31 March 2023. The total dividend for the period increased to 4.0p, in line with guidance. This was 3.4x covered by earnings and 1.5x covered by adjusted funds from operations. [These are quite respectable numbers for a fund that investors appear […]
-
01 Jun 2023 1 min read
Cordiant’s Emitel expands with ATC Polska purchase
Cordiant Digital Infrastructure says that its portfolio company, Emitel S.A. has bought American Tower Corporation’s subsidiary in Poland, ATC Polska. ATC Polska’s portfolio will comprise of 65 modern lattice towers which are leased to leading mobile network operator (MNO) tenants via inflation-linked contracts with long tenors (average 14 years remaining on tenant lease agreements). The […]
-
22 May 2023 2 min read
QuotedData’s morning briefing 22 May 2023
Cordiant Digital Infrastructure Limited (CORD), an operationally focused investor in the core digital infrastructure that enables modern communications and the internet, announced that the portfolio company, České Radiokomunikace has signed customer agreements to broadcast three new channels. The team at Cordiant Capital Inc, CORD’s investment manager, supported CRA in the signing of these exciting new revenue-generating […]
-
02 Mar 2023 1 min read
QuotedData’s morning briefing 2 March 2023
Cordiant Digital Infrastructure (CORD) says portfolio company České Radiokomunikace (CRA) has signed a 5-year agreement with blue chip pay TV broadcaster AMC Networks International. The agreement, effective from 1 March 2023, allows AMC channels that were up to now only available on subscription or via the internet to be broadcast. This was enabled by CRA’s […]
-
21 Feb 2023 2 min read
Cordiant Digital Infrastructure’s Emitel signs agreement with Polish public broadcaster
Cordiant Digital Infrastructure’s (CORD’s) Polish portfolio company, Emitel SA has signed an agreement with Polish public broadcaster Telewizja Polska SA for an expansion of its channels’ transmissions through a new, sixth digital television multiplex (MUX-6). The agreement came into effect on 1 February 2023. Emitel has developed the new digital terrestrial television MUX-6 over the […]
-
09 Feb 2023 2 min read
Cordiant Digital trading update emphasises robust dividend cover – will buy back shares
Cordiant Digital Infrastructure has published a trading update: It says that: The NAV per share was 105.5p at the last reported date of 30 September 2022, after adjusting for the 2p dividend paid in December 2022. Aggregate revenue across its investments increased by 8.8% to £146m and EBITDA increased by 5.9% to £76.5m over the […]
-
02 Dec 2022 1 min read
QuotedData’s morning briefing 2 December 2022
In QuotedData’s morning briefing 2 December 2022: Cordiant Digital Infrastructure (CORD) has announced that Steven Marshall, co-head and chairman of the company, has purchased 709,000 CORD ordinary shares at 89.47p per share. Following this purchase, Mr Marshall owns a total of 4,000,000 ordinary shares and the number of ordinary shares held by the Investment Manager […]
-
29 Nov 2022 1 min read
QuotedData’s morning briefing 29 November 2022
In QuotedData’s morning briefing 29 November 2022: Syncona (SYNC) appears to have secured control of Applied Genetic Technologies Corporation, with about 51.8% of that company’s shares tendered to Syncona’s bid. The tender offer is being extended until 5pm (Eastern time) tomorrow (30 November). Separately, Syncona reports that it will receive £16m up front and potentially […]
-
16 Nov 2022 3 min read
QuotedData’s morning briefing 16 November 2022
In QuotedData’s morning briefing 16 November 2022: ThomasLloyd Energy Impact (TLEI/TLEP) has announced the results of its placing that was announced on 8 November 2022. The ‘subsequent placing’ raised gross proceeds of US$35.3m and 34,277,228 new ordinary shares are being issued at a price of US$1.030 (£0.865 being the announced sterling equivalent price) per ordinary […]
-
07 Nov 2022 1 min read
Cordiant Digital Infrastructure announces acquisition of Emitel
Cordiant Digital Infrastructure (CORD) has announced that it has received regulatory approval for the acquisition of Emitel, expected to be completed mid—November 2022. Emitel is the second large, diversified digital infrastructure platform acquired by CORD, purchased for PLM 1920m (c.£360m). The completion of the transaction will mean a full utilisation of CORD’s Eurobond facility of […]
-
09 Jun 2022 2 min read
QuotedData’s morning briefing 9 June 2022
In QuotedData’s morning briefing 9 June 2022: NextEnergy Solar Fund (NESF) now has its hundredth operating solar asset, an 181kW commercial rooftop solar power asset located on a Holiday Inn in Nottinghamshire. The asset benefits from an attractive 25-year power purchase agreement for 100% of its generated volume. This is the final investment under the […]
-
22 Mar 2022 2 min read
Cordiant Digital seeks debt finance to continue roll-out
Cordiant Digital Infrastructure has updated investors on its acquisition of Emitel, operational performance of CRA, sales progress at DataGryd, and an update on its pipeline. Emitel Emitel is a multi-asset digital infrastructure business based in Poland. It operates a network of communication towers, fibre-optics and a nationwide sensor network, serving major utilities. Cordiant Digital has […]
-
26 Jan 2022 1 min read
Another £300m for 2021’s IPO stars Digital 9 Infrastructure and Cordiant Digital Infrastructure
Another £300m for 2021’s IPO stars Digital 9 Infrastructure and Cordiant Digital Infrastructure – Digital 9 Infrastructure (DGI9) and Cordiant Digital Infrastructure (CORD), both of which only launched in March last year before going on to raise further funds during 2021, have raised almost £300m between them via their respective placing programmes. Digital 9 Infrastructure […]
-
18 Jan 2022 2 min read
QuotedData’s morning briefing 18 January 2022
In QuotedData’s morning briefing 18 January 2022: TR European Growth Trust (TRG) is changing its name. With effect from 17 January 2022, the trust is now The European Smaller Companies Trust. The ticker will change to ESCT from tomorrow. [And so a chapter of investment trust history edges closer to closure. The TR (short for […]
-
05 Jan 2022 5 min read
Cordiant Digital Infrastructure invests last of C share proceeds and announces new placing
Cordiant Digital Infrastructure invests last of C share proceeds and announces new placing – The board of Cordiant Digital Infrastructure (CORD) has announced that, following the full allocation of available capital to the acquisitions of Emitel and the assets of DataGryd Datacenters (described below), the net proceeds of the C share issue undertaken in June […]
-
26 Nov 2021 1 min read
QuotedData’s weekly news show 26th November 2021
QuotedData’s weekly news show 26th November 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Jayna Rana and Richard Williams covered the week’s top stories: Interim results – Montanaro UK Smaller Companies – Cordiant Digital Infrastructure – JLEN Environmental Assets […]
-
24 Nov 2021 2 min read
Strong start for Cordiant Digital Infrastructure
Strong start for Cordiant Digital Infrastructure – Cordiant Digital Infrastructure (CORD) has published its first set of results since IPO, which cover the period from 4 January to 30 September 2021. The trust had a strong start, successfully raising gross proceeds of £595m from IPO in February 2021 and its follow-on equity issuance and over […]
-
02 Aug 2021 1 min read
QuotedData’s morning briefing 2 August 2021
In QuotedData’s morning briefing 2 August 2021: Cordiant Digital Infrastructure (CORD) has decided not to invest in one of the European data centre platforms previously identified in its pipeline due to pricing considerations. It said, in certain instances, processes have been slowed as a result of unforeseen developments on the vendor side. The pipeline continues to evolve and […]
-
11 Jun 2021 1 min read
QuotedData’s weekly news show 11 June 2021
QuotedData’s weekly news show 11 June 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Pacific Horizon’s Markson-Brown departs Baillie Gifford for Crux BB Biotech’s Biogen bet plays out successfully Digital 9 Infrastructure […]
-
08 Jun 2021 1 min read
Cordiant placing underscores digital demand
Cordiant placing underscores digital demand – Cordiant Digital Infrastructure says its C share issue raised £185m – it will issue 185m shares at £1 per C share. The company has a pipeline of investments lined up. [This comes very shortly after this morning’s announcement from Digital 9 Infrastructure that it raised £175m from investors. Cordiant’s […]
-
21 May 2021 1 min read
QuotedData’s weekly news show 21 May 2021
QuotedData’s weekly news show 21 May 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Acorn Income set to appoint BMO following strategic review Cordiant Digital Infrastructure launching a placing of C shares Schroder […]
-
17 May 2021 1 min read
Cordiant Digital Infrastructure launches C share placing with portfolio opportunities abound
Cordiant Digital Infrastructure (CORD) is launching a placing of C shares to enable it to complete acquisitions from its pipeline of digital infrastructure investments, specifically certain transactions where due diligence is well advanced. ‘Advanced stage negotiations over potential transactions worth around £800m’ CORD released the following as key highlights: Advanced pipeline – CORD‘s pipeline of further high […]
-
04 May 2021 4 min read
Cordiant Digital Infrastructure off to a strong start with bulk of £370m IPO proceeds deployed
Following its £370m IPO in February, Cordiant Digital Infrastructure (CORD) has announced the deployment or commitment of substantially all of the net proceeds from its launch into digital infrastructure platforms in the Czech Republic and Norway, as well as an acceleration of the growth in targeted dividends. CORD noted the following as key highlights in this […]
-
15 Feb 2021 1 min read
Cordiant Digital raises £370m
Cordiant Digital raises £370m – Cordiant Digital Infrastructure Limited has successfully raised gross proceeds of £370m through its placing and offer for subscription of ordinary shares and issue of subscription shares at an issue price of 100p per ordinary share. Subscription shares will be issued to subscribers in the initial issue for nil value on the […]
Upcoming Events
Videos
In The Press
-
09 Sep 2024 1 min read
Investment trust insider on AVI Global Trust
Investment trust insider on AVI Global Trust – James Carthew: AVI Global can extend its excellent track record Discounts across global markets present opportunities for the UK-based bargain hunter, which recently cashed in on Starwood’s Balanced Commercial Property bid. The investment companies sector continues to shrink. So far in September, we have seen bids for Tritax […]
-
03 Jan 2024 1 min read
Are investment trust discounts getting out of hand?
by Jennifer Hill from interactive investor, 28th December 2023: Risk-off sentiment has pushed investment trust discounts to historically wide levels and many boards have been proactively trying to address the issue. This year will be a record for share buybacks with almost £3.5 billion of investment trust share buybacks in the first 11 months, data […]
-
18 Dec 2023 1 min read
Bagging a bargain: 13 investment trusts pros say offer great value
by Jennifer Hill from interactive investor, 18th December 2023: Investors looking to bag a bargain need look no further than the investment trust sector where risk-off sentiment has this year sent discounts to levels not seen since the financial crisis. At the end of 2021 – before the war in Ukraine fuelled energy and food […]
-
13 Dec 2023 2 min read
The infrastructure trust with narrowing discounts
by Val Cipriani, Investors’ Chronicle, December 13, 2023: Infrastructure trusts have seen their average discounts to net asset value (NAV) narrow in the past month, as the decline of government bond yields brought some good news for the sector. But not all the trusts recovered to the same degree, overall discounts remain wide and the […]
-
02 Aug 2023 1 min read
Eight investment trusts that could be takeover targets
by Sam Benstead from interactive investor, 2nd August 2023: Wide investment trust discounts are making them appealing takeover targets, with rumoured or confirmed deals likely to lead to sudden share price jumps… Discounts have widened due to negative sentiment about the economy, and therefore private company valuations, but also due to the impact of higher […]
-
03 May 2023 1 min read
Alternatives de-rating throws up opportunities
James Carthew for Investment Week, 3 May 2023: Over the past 12 months or so, the disconnect between the net asset values of a wide range of investment companies and their share prices has widened considerably. The problem seems particularly acute in the area of alternative assets, which includes private equity, property, infrastructure and renewable […]
-
11 Jan 2022 1 min read
Investment trust insider on digital infrastructure
Investment trust insider on digital infrastructure – James Carthew: Exciting growth of digital infrastructure One of the first investment companies to launch in 2021 was Cordiant Digital Infrastructure (CORD). Its £370m initial public offering (IPO), coming soon after the £243m flotation of VH Global Sustainable Energy Opportunities (GSEO), set the scene for a bumper year […]
-
15 Nov 2021 2 min read
Investment trusts rediscover their roots with a 21st century twist
The listed fund vehicles are financing innovation in clean fuels, space and digital infrastructure Mary McDougall, Financial Times, NOVEMBER 12 2021 Investment trusts seem to be coming full circle. For most of the 20th century, they gradually moved away from their origins as entrepreneurial schemes investing in specific targets, often in Britain’s colonies, to running […]
