jaytee41
10 Oct 2018
New CEO announced Appointment of Chief Executive Officer by Regulatory News | 10th October 2018 16:26 RNS Number : 6490D KCOM Group PLC 10 October 2018 KCOM GROUP (KCOM.L) Appointment of Chief Executive Officer Further to the announcement on 22 February 2018 regarding the plan to effect an orderly management succession, the Board of KCOM Group PLC is pleased to announce the appointment of Graham Sutherland as Chief Executive Officer. Graham will join the business and the Board on 15 October 2018. Bill Halbert, KCOM’s current Chief Executive, will remain with the business for a sufficient period to ensure the smooth transition of his existing responsibilities and the conclusion of certain strategic projects. Graham has held a number of senior leadership positions in the UK telecommunications services sector serving both consumer and business markets. Over the last decade he has held a number of Chief Executive roles within BT Group PLC, including BT Business and Public Sector and BT Ireland (covering consumer, business and network interests across the island of Ireland). Previously he held senior roles at NTL and Bombardier. Graham has a strong track record in strategic transformation and driving improved financial and operational performance. Graham Holden, Chairman of KCOM, said "I am delighted to welcome Graham Sutherland to KCOM. He brings with him a wealth of experience in the communications industry and will bring a fresh perspective to the Board and leadership of the business. “On behalf of the Board, we would like to thank Bill for the immense contribution he has made, driving the transformation of KCOM to create a cash generative, sustainable business. As of today, under his leadership, the Group has delivered a more than ten-fold increase in total shareholder returns.â€
jaytee41
10 Oct 2018
Lost faith and sold And today they have announced a new CEO - Graham sutherland
John of Groats
25 May 2018
Re: Downward Trend ? 29 January 2018 - Hull and East Yorkshire continues to enjoy a successful year, with revenue tracking in line with the Board's expectations. In December, we achieved our target of making fibre available to 150,000 premises. The Group also announces today that Gary Young, the Executive Vice President responsible for Hull and East Yorkshire, is leaving the Group to pursue another opportunity. 22 February 2018 - KCOM Group announces that it has started the process to recruit a new Chief Executive, in order to effect a managed succession plan for the Group's leadership. Bill Halbert - the Group's Chief Executive - will remain with the business while an orderly handover of his responsibilities takes place.17 May 2018 - KCOM Group announces today that Jane Aikman, Chief Financial Officer and Executive Director, has decided to leave the business to pursue other opportunities. Jane will remain with the Group to ensure that an orderly handover of her responsibilities takes place, including the finalisation of the year-end audit, and will continue as a Director until 30 June 2018.Three announcements in four months of the resignation or retirement of senior executives was too much for me. I have sold and will wait for the new executives to prove their worth before considering coming back. I think KCOM is now a very small player and the only hope is a takeover.
peemalc
20 Mar 2018
Downward Trend ? Anyone any ideas as to why the price is still dropping ?Have traded KCOM a number of times, and was thinking of coming back in, but will now wait until things settle down !PM
pond1
29 Jan 2018
Trading update. A 50/50 report but it is looking like positives are starting to gain over negatives. I feel by this time next year, the trading figures will be a fair bit better, with more monies coming in from the expanding fibre structure with outgoings being stable.
pond1
28 Nov 2017
Half year report Not as good as I would have liked, but the divi looks safe at least for now.I think a full turnaround will take another couple of years as they are connecting fibre broadband at a fast rate and whilst doing so are obviously burning cash and only just starting to see returns on that cash. end 2019 most of the KCOM area will be connected and outgoings reduced at the same time revenue increasing.Whilst appreciating the debt is still far too high, with a continuing dividend that easily beats any bank or similar interest rate, I am still staying with them as a fairly safe bet.
paddington_bear
20 Aug 2017
Re: Lost faith and sold Greetings pond1.Understand your reasons as I have a strongly dividend focused SIPP. In the present market anything paying circa 5% dividends must have drawbacks. My criteria for holding Centrica, Manx telecom, Greene King, Phoenix Life, Shell and many others is that they are profitable, I envisage they will contain/overcome their present troubles, have cases for eventually stable futures AND their nett debt is reducing .With KCOM the debt frightens me as the imminent market downturn will shut off cheap credit like a tap imho, so I cannot see when/how sufficient profits will arise from known current plans and infrastructure to both pay this off and retain dividend levels.Not for me, but good fortune if you stay.PB.
pond1
15 Aug 2017
Re: Lost faith and sold Hi Paddington_bear,Whilst I agree with all your points re KC, this is the first and only share I hold for dividend only, as the chances of the sp getting to 110/120p are as remote as my chances of being the next James Bond. If they are ever to reach that price, it would have to be by reason of takeover unless there is a big shift in strategy.If I put my KC money in the bank, ISA or bond I am looking at most a 2 to 3% (if lucky) interest whereas KC are paying a div of 6.4%.Of course whilst money invested in banks, ISA or Bank Bond is as safe as possible, the chances of KC going under or reducing the div below 5% is very low and I am not tied in, so KC has to be an excellent share for income.
Dot Waudby
09 Aug 2017
£900,000 fine Can't believe that nobody has remarked on the huge fine Kingston has had to pay re: their problems which enable people to ring 999. Not very good is it. I have sold this morning I am not holding just for the divi.I bought these with profits from other shares. What happened to the days when they were £17 each Doh!
paddington_bear
03 Aug 2017
Lost faith and sold Having been severely underwhelmed by the results and now a lacklustre trading update, I have been through the annual report and concluded this share is not for me. I had high hopes when the cash windfall from selling the national parts eliminated their debt, Now profits and turnover down, over £40m net debt after £7m net cash, pensions liabilities rising, £10m overdraught, £180m bank facility, very well paid Directors who failed to achieve basic bonus levels and ever further from the company mantra of covering pensions, capex,tax and dividends by "annual cash generated from trading".In the real world,making £30m in pretax profit and paying it all out in (vanity?) dividends is not a long term strategy. A recent report listing Kingston upon Hull as the seventh worst place in the U.K. for broadband merely shows they have a lot of work to do and given their present position it would seem further debt will be their modus operandi.For those remaining, there is a good chance I am wrong!PB.
paddington_bear
06 Jun 2017
The 2 faces of Kcom Results? Pretty much confirmed my fears and dashed hopes of progress. Yet still the brokers confirm 130 and 150p expectations, so presume tomorrow Barclays will at least keep their existing 105 target.Pretty much everything down except pensions funding requirement, debt and dividend. Imho badly in need of competent leadership, focus and direction .Perhaps worth holding for a little longer to see if latest large shareholder initiates remedial action. Next year another 6p dividend a complete fantasy the way this company is going as present.fHOLD at best. Dyor.PB
jaytee41
25 May 2017
Re: PrimeStone Capital They've just got some more... Mmmm something afoot here
jaytee41
22 May 2017
Re: PrimeStone Capital Googled Prime Stone Capital - PrimeStone takes substantial minority stakes in European listed companies that it believes have significant potential for value creation. It then works constructively with management and stakeholders to create long term enduring value.PrimeStone was founded by three former partners from The Carlyle Group, who specialised in buyouts and have invested and worked together across Europe for more than 15 years. They all share a prior experience as consultants in strategy and operations improvement with The Boston Consulting Group
Triggers broom
22 May 2017
PrimeStone Capital [link] serious volume today. Only one RNS issued to date for the first 4.5M shares bought and another 14M+ traded since.
coolwill
12 Apr 2017
Re: Boring Well I jumped ship at 115p but have slowly been buying back in - what's not to like about a 6.7% yield tag?
