Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Bart Demosky was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 12
Cogeco Communications Inc. to Report Q2, 2026 Results on Apr 09, 2026 Cogeco Communications Inc. announced that they will report Q2, 2026 results After-Market on Apr 09, 2026 Tillkännagivande • Jan 21
Cogeco Communications Inc. announces Quarterly dividend, payable on February 11, 2026 Cogeco Communications Inc. announced Quarterly dividend of CAD 0.9870 per share payable on February 11, 2026, ex-date on January 28, 2026 and record date on January 28, 2026. Tillkännagivande • Dec 17
Cogeco Communications Inc. to Report Q1, 2026 Results on Jan 14, 2026 Cogeco Communications Inc. announced that they will report Q1, 2026 results After-Market on Jan 14, 2026 Tillkännagivande • Nov 12
Cogeco Communications Inc., Annual General Meeting, Jan 15, 2026 Cogeco Communications Inc., Annual General Meeting, Jan 15, 2026. Location: quebec, montreal Canada Tillkännagivande • Oct 16
Cogeco Expands Mobile Service to More Than 350 New Municipalities, Bringing More Choice to Canadians Cogeco Communications Inc. announced a significant rollout of its mobile service, now offering mobility to the majority of its customers across Quebec and Ontario in municipalities such as Niagara, Drummondville, Hamilton, Kingston, Shawinigan, Windsor and Burlington. Following the successful soft launch of Cogeco Mobile in 13 markets in July, this rapid expansion reinforces Cogeco's commitment to bring more choice, value, and simplicity to Canadian consumers. Tillkännagivande • Sep 25
Cogeco Communications Inc. to Report Q4, 2025 Results on Oct 29, 2025 Cogeco Communications Inc. announced that they will report Q4, 2025 results After-Market on Oct 29, 2025 Tillkännagivande • Jul 18
Cogeco Communications Inc. announces Quarterly dividend, payable on August 12, 2025 Cogeco Communications Inc. announced Quarterly dividend of CAD 0.9220 per share payable on August 12, 2025, ex-date on July 29, 2025 and record date on July 29, 2025. Tillkännagivande • Jul 16
Cogeco Communications Inc. Revises Earnings Guidance for the Fiscal Year 2025 Cogeco Communications Inc. revised Earnings Guidance for the Fiscal Year 2025. For the year, the company now expects a low single digit decline as compared to the stable revenue projected earlier on October 31, 2024. Tillkännagivande • Jun 19
Cogeco Communications Inc. to Report Q3, 2025 Results on Jul 15, 2025 Cogeco Communications Inc. announced that they will report Q3, 2025 results After-Market on Jul 15, 2025 Tillkännagivande • Apr 10
Cogeco Communications Inc. Declares Quarterly Eligible Dividend At its April 9, 2025 meeting, the Board of Directors of Cogeco Communications Inc. declared a quarterly eligible dividend of $0.922 per share, an increase of 8.0% compared to $0.854 per share in the comparable quarter of fiscal 2024. Tillkännagivande • Mar 12
Cogeco Communications Inc. to Report Q2, 2025 Results on Apr 09, 2025 Cogeco Communications Inc. announced that they will report Q2, 2025 results After-Market on Apr 09, 2025 Tillkännagivande • Feb 05
Cogeco Communications Inc. announced that it expects to receive CAD 325 million in funding Cogeco Communications Inc. announced a private placement of 4.743% senior secured notes financing for gross proceeds of CAD 325 million on February 04, 2025 The notes carry the interest of 4.743% per annum. The notes are secured, unsubordinated and senior in the transaction. The notes will mature on February 6, 2035. The transaction is expected to close on February 6, 2025. Tillkännagivande • Nov 11
Cogeco Communications Inc., Annual General Meeting, Jan 14, 2025 Cogeco Communications Inc., Annual General Meeting, Jan 14, 2025. Location: quebec, montreal Canada New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. Declared Dividend • Nov 06
Fourth quarter dividend of CA$0.92 announced Shareholders will receive a dividend of CA$0.92. Ex-date: 14th November 2024 Payment date: 28th November 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Nov 01
Full year 2024 earnings released: EPS: CA$7.87 (vs CA$8.78 in FY 2023) Full year 2024 results: EPS: CA$7.87 (down from CA$8.78 in FY 2023). Revenue: CA$2.98b (flat on FY 2023). Net income: CA$335.5m (down 14% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Sep 17
Cogeco Communications Inc. to Report Q4, 2024 Results on Oct 31, 2024 Cogeco Communications Inc. announced that they will report Q4, 2024 results After-Market on Oct 31, 2024 Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €40.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Telecom industry in Europe. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €64.93 per share. Declared Dividend • Jul 17
Third quarter dividend of CA$0.85 announced Shareholders will receive a dividend of CA$0.85. Ex-date: 25th July 2024 Payment date: 8th August 2024 Dividend yield will be 7.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.5% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 12
Third quarter 2024 earnings released: EPS: CA$1.68 (vs CA$2.17 in 3Q 2023) Third quarter 2024 results: EPS: CA$1.68 (down from CA$2.17 in 3Q 2023). Revenue: CA$750.6m (up 1.2% from 3Q 2023). Net income: CA$70.4m (down 27% from 3Q 2023). Profit margin: 9.4% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jul 12
Cogeco Communications Inc. Declares Quarterly Eligible Dividend Cogeco Communications Inc. at its July 11, 2024 meeting, the Board of Directors of the company declared a quarterly eligible dividend of CAD 0.854 per share, an increase of 10.1% compared to CAD 0.776 per share in the comparable quarter of fiscal 2023. Tillkännagivande • Jun 06
Cogeco Communications Inc. to Report Q3, 2024 Results on Jul 11, 2024 Cogeco Communications Inc. announced that they will report Q3, 2024 results After-Market on Jul 11, 2024 Reported Earnings • Apr 12
Second quarter 2024 earnings released: EPS: CA$2.21 (vs CA$2.21 in 2Q 2023) Second quarter 2024 results: EPS: CA$2.21. Revenue: CA$730.5m (flat on 2Q 2023). Net income: CA$93.7m (down 4.8% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Telecom industry in Germany. Buy Or Sell Opportunity • Mar 26
Now 20% undervalued Over the last 90 days, the stock has risen 2.6% to €40.00. The fair value is estimated to be €50.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 0.1% in 2 years. Earnings are forecast to decline by 7.9% in the next 2 years. Tillkännagivande • Mar 20
Cogeco Communications Inc. to Report Q2, 2024 Results on Apr 11, 2024 Cogeco Communications Inc. announced that they will report Q2, 2024 results After-Market on Apr 11, 2024 Tillkännagivande • Mar 12
Cogeco Inc. and Cogeco Communications Inc. Announce Chief Executive Officer Changes The Boards of Directors of Cogeco Inc. and of Cogeco Communications Inc. announced that they have appointed Frédéric Perron as Chief Executive Officer of both Companies, effective immediately, succeeding Philippe Jetté who is retiring. Mr. Perron previously held the position of President of Cogeco Connexion, Cogeco's Canadian broadband business. This appointment follows a thorough Board-led succession planning process. To facilitate a seamless transition in leadership, Mr. Jetté will serve as a strategic advisor to the incoming CEO and Boards of Directors until August 31, 2024. Since joining Cogeco in September 2020, Mr. Perron successfully repositioned Cogeco's Canadian broadband business by building a high-performing team, step-changing execution, accelerating customer growth, completing three important acquisitions, scaling a digital flanker brand and expanding Cogeco's high speed network. Prior to joining Cogeco, Mr. Perron led T-Mobile's consumer business in Poland, held executive roles at Vodafone in the United Kingdom and the Czech Republic, and ran customer base management at Rogers Communications. He has a proven track record as a change agent with broad experience in broadband, wireless and the credit card industry across five countries leading marketing, sales, customer service, operations, digital, product, network, IT, and legal. Tillkännagivande • Mar 11
Cogeco Inc. and Cogeco Communications Inc. Announce Management Changes The Boards of Directors of Cogeco Inc. and of Cogeco Communications Inc. announced that they have appointed Frédéric Perron as President and Director of both Companies, effective immediately, succeeding Philippe Jetté who is retiring. Mr. Perron previously held the position of President of Cogeco Connexion, Cogeco's Canadian broadband business. This appointment follows a thorough Board-led succession planning process. To facilitate a seamless transition in leadership, Mr. Jetté will serve as a strategic advisor to the incoming CEO and Boards of Directors until August 31, 2024. Since joining Cogeco in September 2020, Mr. Perron successfully repositioned Cogeco's Canadian broadband business by building a high-performing team, step-changing execution, accelerating customer growth, completing three important acquisitions, scaling a digital flanker brand and expanding Cogeco's high speed network. Prior to joining Cogeco, Mr. Perron led T-Mobile's consumer business in Poland, held executive roles at Vodafone in the United Kingdom and the Czech Republic, and ran customer base management at Rogers Communications. He has a proven track record as a change agent with broad experience in broadband, wireless and the credit card industry across five countries leading marketing, sales, customer service, operations, digital, product, network, IT, and legal. Mr. Jetté will step down as a director of both companies, effective March 11, 2024. Tillkännagivande • Feb 23
Cogeco Communications Inc. announced that it expects to receive CAD 275 million in funding Cogeco Communications Inc. announced a private placement of 6.125% senior unsecured unsubordinated non-convertible notes financing for gross proceeds of CAD 275 million on February 22, 2024. The notes carry the interest of 6.125% per annum. The notes are unsecured, unsubordinated and senior in the transaction. The notes will mature on February 27, 2029. The transaction is expected to close on February 27, 2024. Upcoming Dividend • Jan 16
Upcoming dividend of CA$0.85 per share at 5.6% yield Eligible shareholders must have bought the stock before 23 January 2024. Payment date: 07 February 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (5.2%). Tillkännagivande • Jan 13
Cogeco Communications Inc. Elects Arun Bajaj to Its Board of Directors Cogeco Communications Inc. announced that at its Annual and Special Shareholders' Meeting held on January 11, 2024, elected Arun Bajaj to its board of directors. Reported Earnings • Jan 12
First quarter 2024 earnings released: EPS: CA$2.02 (vs CA$2.45 in 1Q 2023) First quarter 2024 results: EPS: CA$2.02 (down from CA$2.45 in 1Q 2023). Revenue: CA$747.7m (down 1.9% from 1Q 2023). Net income: CA$89.5m (down 20% from 1Q 2023). Profit margin: 12% (down from 15% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 11
Cogeco Communications Inc. Declares Quarterly Eligible Dividend At its January 10, 2024 meeting, the Board of Directors of Cogeco Communications declared a quarterly eligible dividend of $0.854 per share, an increase of 10.1% compared to $0.776 per share in the comparable quarter of fiscal 2023. Tillkännagivande • Dec 15
Cogeco Communications Inc. to Report Q1, 2024 Results on Jan 10, 2024 Cogeco Communications Inc. announced that they will report Q1, 2024 results on Jan 10, 2024 New Risk • Dec 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (151% cash payout ratio). Tillkännagivande • Dec 12
Cogeco Communications Inc. (TSX:CCA) announces an Equity Buyback for 2,266,537 shares, representing 5.1% for CAD 116.5 million. Cogeco Communications Inc. (TSX:CCA) announces a share repurchase program. Under the program, the company will repurchase up to 2,266,537 shares, representing 5.1% of its share capital for CAD 116.5 million. The company will repurchase its shares from Cogeco Inc. (TSX:CGO). The repurchases will be funded from company's existing term revolving facility. The shares will be repurchased at CAD 51.40 per share. Upcoming Dividend • Nov 07
Upcoming dividend of CA$0.85 per share at 6.1% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (5.4%). Tillkännagivande • Nov 04
Cogeco Communications Inc., Annual General Meeting, Jan 11, 2024 Cogeco Communications Inc., Annual General Meeting, Jan 11, 2024. New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (137% cash payout ratio). Reported Earnings • Nov 03
Full year 2023 earnings released: EPS: CA$8.78 (vs CA$9.16 in FY 2022) Full year 2023 results: EPS: CA$8.78 (down from CA$9.16 in FY 2022). Revenue: CA$2.98b (up 2.9% from FY 2022). Net income: CA$392.3m (down 7.3% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 29
Cogeco Communications Inc. to Report Q4, 2023 Results on Nov 01, 2023 Cogeco Communications Inc. announced that they will report Q4, 2023 results After-Market on Nov 01, 2023 Tillkännagivande • Sep 19
Cogeco Inc. and Cogeco Communications Inc. Appoints Valery Zamuner as Senior Vice-President and Chief Corporate Affairs and Legal Officer Cogeco Inc. and Cogeco Communications Inc. announced the appointment of Valery Zamuner as Senior Vice-President and Chief Corporate Affairs and Legal Officer, effective September 18, 2023. She will be based at the company's head office in Montreal. Ms. Zamuner is a seasoned executive with outstanding experience in sectors ranging from financial and professional services to media and retail. During her career, she has held positions with ever-increasing responsibility, led key legal functions, piloted landmark mergers and acquisitions, and helped shape the strategies of the companies she has worked for. Her most recent roles include Senior Vice-President, General Counsel and Corporate Secretary for Alimentation Couche-Tard, and Senior Vice-President of Mergers, Acquisitions Strategic Initiatives for Stingray Inc. Ms. Zamuner will lead the Corporate Affairs teams as well as the Legal, Regulatory and Government teams; this will bring together the various fields of expertise related to its key interactions with external stakeholders. Ms. Zamuner holds a law degree from Universite Laval and an MBA from Concordia University. She is a member of the Quebec Bar. Tillkännagivande • Sep 08
Cogeco Inc. and Cogeco Communications Inc. Announces Appointment of Tim Dinesen as Senior Vice-President and Chief Technology Officer Cogeco Inc. and Cogeco Communications Inc. announced the appointment of Tim Dinesen as Senior Vice-President and Chief Technology Officer, effective September 11, 2023. He will be based at the head office in Montreal. Until recently, in addition to his consulting work, he has held management roles at Xplornet, Canadian Tire and Bell Canada, among others. During his career, he has acquired extensive experience of broadband networks, information technologies, mobility and customer operations in Canada and the United States. Mr. Dinesen holds a PhD in Chemical Physics from McGill University and an MBA from Queen's University. Upcoming Dividend • Jul 19
Upcoming dividend of CA$0.78 per share at 4.6% yield Eligible shareholders must have bought the stock before 26 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.5%). New Risk • Jul 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.5% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (138% cash payout ratio). Reported Earnings • Jul 14
Third quarter 2023 earnings released: EPS: CA$2.17 (vs CA$2.17 in 3Q 2022) Third quarter 2023 results: EPS: CA$2.17 (down from CA$2.17 in 3Q 2022). Revenue: CA$741.8m (up 1.9% from 3Q 2022). Net income: CA$95.9m (down 4.3% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 14
Cogeco Communications Inc. Declares A Quarterly Eligible Dividend At its July 13, 2023 meeting, the Board of Directors of Cogeco Communications declared a quarterly eligible dividend of $0.776 per share, an increase of 10.1% compared to $0.705 per share in the comparable quarter of fiscal 2022. Tillkännagivande • Jun 09
Cogeco Communications Inc. to Report Q3, 2023 Results on Jul 13, 2023 Cogeco Communications Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 13, 2023 Upcoming Dividend • Apr 19
Upcoming dividend of CA$0.78 per share at 4.7% yield Eligible shareholders must have bought the stock before 26 April 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.7%). Reported Earnings • Apr 15
Second quarter 2023 earnings released: EPS: CA$2.21 (vs CA$2.40 in 2Q 2022) Second quarter 2023 results: EPS: CA$2.21 (down from CA$2.40 in 2Q 2022). Revenue: CA$736.6m (up 1.1% from 2Q 2022). Net income: CA$98.4m (down 12% from 2Q 2022). Profit margin: 13% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 14
Cogeco Communications Inc. announced that it expects to receive CAD 300 million in funding from a group of investors Cogeco Communications Inc. announced a private placement of 5.299% senior secured notes due February 16, 2033 co-led by BMO Nesbitt Burns Inc., Canadian Imperial Bank of Commerce, National Bank of Canada for gross proceeds of CAD 300,000,000 on February 13, 2023. The transaction includes participation from Scotia Capital Inc., Desjardins Securities Inc., RBC Dominion Securities Inc., TD Securities Inc., Casgrain & Company Limited, Merrill Lynch Canada, Inc. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €47.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Media industry in Germany. Total loss to shareholders of 29% over the past three years. Upcoming Dividend • Jan 18
Upcoming dividend of CA$0.78 per share Eligible shareholders must have bought the stock before 25 January 2023. Payment date: 09 February 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (7.1%). Reported Earnings • Jan 13
First quarter 2023 earnings released: EPS: CA$2.45 (vs CA$2.29 in 1Q 2022) First quarter 2023 results: EPS: CA$2.45 (up from CA$2.29 in 1Q 2022). Revenue: CA$762.3m (up 6.1% from 1Q 2022). Net income: CA$111.5m (up 4.4% from 1Q 2022). Profit margin: 15% (in line with 1Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 03
Cogeco Communications Inc. to Report Q1, 2023 Results on Jan 12, 2023 Cogeco Communications Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 12, 2023 Tillkännagivande • Dec 02
Cogeco Communications Inc., Cogeco Inc., Annual General Meeting, Jan 13, 2023 Cogeco Communications Inc., Cogeco Inc., Annual General Meeting, Jan 13, 2023, at 11:30 Eastern Standard Time. Location: at the Centre Mont-Royal Montréal Quebec Canada Recent Insider Transactions • Nov 18
Independent Director recently bought €84k worth of stock On the 14th of November, Robin Bienenstock bought around 2k shares on-market at roughly €53.40 per share. This transaction increased Robin's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €220k more in shares than they bought in the last 12 months. Tillkännagivande • Nov 05
Cogeco Communications Inc., Annual General Meeting, Jan 13, 2023 Cogeco Communications Inc., Annual General Meeting, Jan 13, 2023. Reported Earnings • Oct 28
Full year 2022 earnings released: EPS: CA$9.16 (vs CA$8.47 in FY 2021) Full year 2022 results: EPS: CA$9.16 (up from CA$8.47 in FY 2021). Revenue: CA$2.90b (up 16% from FY 2021). Net income: CA$423.3m (up 5.4% from FY 2021). Profit margin: 15% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 16
Cogeco Communications Inc. to Report Q4, 2022 Results on Oct 27, 2022 Cogeco Communications Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 27, 2022 Recent Insider Transactions • Aug 03
Independent Director recently bought €57k worth of stock On the 29th of July, Robin Bienenstock bought around 890 shares on-market at roughly €64.25 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €530k more in shares than they bought in the last 12 months. Upcoming Dividend • Jul 19
Upcoming dividend of CA$0.70 per share Eligible shareholders must have bought the stock before 26 July 2022. Payment date: 10 August 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (8.6%). Reported Earnings • Jul 15
Third quarter 2022 earnings released: EPS: CA$2.17 (vs CA$2.02 in 3Q 2021) Third quarter 2022 results: EPS: CA$2.17 (up from CA$2.02 in 3Q 2021). Revenue: CA$728.1m (up 17% from 3Q 2021). Net income: CA$100.3m (up 4.8% from 3Q 2021). Profit margin: 14% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.2%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 04
Cogeco Communications Inc. to Report Q3, 2022 Results on Jul 13, 2022 Cogeco Communications Inc. announced that they will report Q3, 2022 results After-Market on Jul 13, 2022 Upcoming Dividend • Apr 19
Upcoming dividend of CA$0.70 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (6.0%). Reported Earnings • Apr 14
Second quarter 2022 earnings released: EPS: CA$2.40 (vs CA$2.16 in 2Q 2021) Second quarter 2022 results: EPS: CA$2.40 (up from CA$2.16 in 2Q 2021). Revenue: CA$728.5m (up 15% from 2Q 2021). Net income: CA$111.3m (up 8.1% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 8.2%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Jan 14
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: CA$718.5m (up 16% from 1Q 2021). Net income: CA$106.8m (flat on 1Q 2021). Profit margin: 15% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 6.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Recent Insider Transactions • Nov 18
President recently sold €165k worth of stock On the 15th of November, Philippe Jette sold around 2k shares on-market at roughly €70.63 per share. This was the largest sale by an insider in the last 3 months. This was Philippe's only on-market trade for the last 12 months. Reported Earnings • Nov 12
Full year 2021 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: CA$2.51b (up 5.3% from FY 2020). Net income: CA$401.5m (up 7.0% from FY 2020). Profit margin: 16% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Sep 15
Cogeco Communications Inc. announced that it expects to receive CAD 500 million in funding Cogeco Communications Inc. announced a private placement of 2.991% senior secured notes due September 22, 2031 for gross proceeds of $500,000,000 on September 13, 2021. The notes carries a coupon of 2.991% and will mature on September 22, 2031. The notes will be direct and unsubordinated secured debt obligations of the company and will rank equally and pari passu, with all other secured senior indebtedness. The transaction is expected to close on or about September 20, 2021, subject to customary closing conditions. Recent Insider Transactions • Aug 11
Lead Independent Director recently bought €80k worth of stock On the 9th of August, James Cherry bought around 1k shares on-market at roughly €80.11 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.3m more in shares than they bought in the last 12 months. Upcoming Dividend • Jul 20
Upcoming dividend of CA$0.64 per share Eligible shareholders must have bought the stock before 27 July 2021. Payment date: 11 August 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%). Reported Earnings • Jul 17
Third quarter 2021 earnings released: EPS CA$2.02 (vs CA$1.89 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CA$624.3m (up 3.1% from 3Q 2020). Net income: CA$95.7m (up 5.4% from 3Q 2020). Profit margin: 15% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 15
Cogeco Communications Inc. Provides Earnings Guidance for the Fiscal Year 2022 Cogeco Communications Inc. provided earnings guidance for the fiscal year 2022. The company expects fiscal 2022 revenue and adjusted EBITDA to grow between 3.5% and 5.5%. Recent Insider Transactions • May 05
Executive Chairman of the Board recently sold €1.3m worth of stock On the 29th of April, Louis Audet sold around 17k shares on-market at roughly €78.25 per share. This was the largest sale by an insider in the last 3 months. Louis has been a seller over the last 12 months, reducing personal holdings by €2.6m. Upcoming Dividend • Apr 19
Upcoming dividend of CA$0.64 per share Eligible shareholders must have bought the stock before 26 April 2021. Payment date: 11 May 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.8%). Reported Earnings • Apr 16
Second quarter 2021 earnings released: EPS CA$2.16 (vs CA$2.24 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CA$634.5m (up 8.2% from 2Q 2020). Net income: CA$102.9m (down 5.9% from 2Q 2020). Profit margin: 16% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 10
New 90-day high: €78.50 The company is up 28% from its price of €61.50 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €150 per share. Tillkännagivande • Feb 25
Cogeco Communications Inc. to Report Q2, 2021 Results on Apr 13, 2021 Cogeco Communications Inc. announced that they will report Q2, 2021 results After-Market on Apr 13, 2021