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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bigblu Broadband Plc | BBB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 1.49% | 34.00 | 09:52:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 33.50 | 33.50 | 34.00 | 34.00 | 33.50 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 13/6/2023 16:34 by value hound Sorry, didn't realise the rise had been caused by Simon Thompson's re-tip today.FWIW, he concludes with: "Expect the share price fall to reverse quickly when the penny drops with investors. A likely IPO of SkyMesh could well bring FinnCap’s 90p target into play. Buy." |
Posted at 27/9/2021 19:35 by idiotsinthe darkrizandlintard I see significant upside here. Income investors are getting ever more involved. Buys to pile in over the week. Well done to all holders. Killing to be made here. |
Posted at 23/9/2021 22:04 by idiotsinthe darkrizandlintard Prices usually rally strong into a big distribution as income investors get involved. On a pure financial theory level the stock should fall by the amount of the divi on the ex date but companies with strong potential that investors like will go ex div well. IG group today is a case in point.However if a stock underperforms into a distribution that implies that general consensus is that it will go ex div badly and it will weaken further after the ex date. Hence you want to see BigBlu go into its distribution with a strong price action so today was a good day but you want that to continue to the 135 level by then. In terms of small number of customers that is irrelevant. This is a growth company and is valued by the market on future growth expectations as opposed to the current company dynamics. Remember that a share price is not indicative of the present performance but of future expectations. Currently I am holding strong in this stock. Good luck all. |
Posted at 20/9/2021 16:49 by idiotsinthe darkrizandlintard No - MMs are only execution traders now following the financial crash. Hedge funds can take a position but the price is now only based on orders and MMs no longer have capital in big banks to build their own position.Currently MMs do not even want to carry any inventory if possible into the next trading session so they will call other banks to offload asap if a big seller appears which can push the price down. Hence unless a hedge fund is going short aggressively the MM manipulation is unfortunately the excuse retail investors hold on to try to explain either a fundamental change which they do not understand or a real "flow" situation which they cannot see. |
Posted at 20/9/2021 14:18 by idiotsinthe darkrizandlintard It seems that the seller that I mentioned on the 15th is still around which again makes me concerned as to the reason an investor sells in size going into a 36% pay out!!! |
Posted at 15/9/2021 15:40 by idiotsinthe darkrizandlintard The ex date is 5 October. It will be very interesting to see how the stock trades into it. I would expect strength and if not then it will go ex badly as the weakness into the ex date implies into that investors are concerned that the drop will be greater than the divi amount.However share consolidation for a strong company usually is beneficial to investors. So strength into 5th October bodes well for a few % gain on the ex date. On another point, stock is readily available in the market currently which makes me think for whatever reason a reasonable size holder is selling out. GL all and see you nearer to the 5th - Hopefully around that 135p mark. |
Posted at 02/8/2021 21:02 by tole Hi Sphere. Looking at the significant holders list it appears to be Canaccord ditching the last of their holding imv. They had 3.99% at end of March. On the company investors website they quote Canaccord holding 3.05% (1,755,000) at end of May. So clearly been reducing.The two trades totalling 1,800,000 reported today should be them clear now. |
Posted at 02/7/2021 13:24 by sev22 I thought I would re-circulate Simon Thompson's article dated 26th April 2021 highlighting what an under priced opportunity BBB was then and even more so today.I always carry out sum-of-the-parts valuations during my research on a company to ascertain whether there is a pricing anomaly to exploit. I also try and identify share price catalysts to narrow the valuation gap, and assess when they are likely to materialise. BigBlu Broadband, a provider of alternative superfast broadband products, is a prime example. Last autumn, Christopher Mills, founder of Harwood Capital and non-executive director of BigBlu, splashed out £2.26m buying shares in the company, almost all of which was on behalf of North Atlantic Smaller Companies Investment Trust, the fund he runs. Harwood owns a 27.7 per cent interest in BigBlu’s shares. At the time, I suggested that the growth in BigBlu’s Quickline subsidiary was being seriously underpriced and the stake had potential to be worth as much as the company’s own market capitalisation (‘Exploiting valuation anomalies’, 15 October 2020). That prediction was not far off the mark following BigBlu’s disposal this week. Moreover, it follows last summer’s sale of BigBlu’s UK and European satellite broadband businesses for £37.8m – a 50 per cent premium to the prices paid the company. Even though BigBlu’s share price has risen 30 per cent in the past six months, investors have yet to fully factor in the financial implications of both transactions. BigBlu Broadband’s eye-catching disposal: Disposal of Quickline stake for up to £48.6m. Ongoing interest in Quickline through convertible loan notes. Expansion in Australasia and Nordics. Aim-traded BigBlu Broadband (BBB:122p), a provider of alternative superfast satellite, fixed wireless and 4G/5G broadband products, has announced the disposal of its 52.7 per cent-owned Quickline subsidiary for a maximum consideration of £48.6m. That sum equates to 5.8 times the company’s investment, a return that has been produced in less than four years. Quickline is building its own fixed wireless access networks, supported by increasing amounts of fibre infrastructure, to address the ‘digital divide’ in the UK. The fast-growing business targets poorly served parts of Lincolnshire and Yorkshire and its investment prospects are attractive enough for private equity group Northleaf Capital Partners to pay a multiple of 23 times forecast cash profit to enterprise valuation. On completion BigBlu will receive £31.1m cash and £5.6m convertible loan notes (CLNs) yielding 4.5 per cent in the acquisition vehicle. In addition, the company is expected to receive a cash earn-out of £10.1m and a further £1.8m in CLN’s based on Quickline’s financial performance in the 12 months to 31 March 2022. Post completion, BigBlu’s cash and cash equivalents of £32.8m will equate to 48 per cent of its own market capitalisation. The combined £7.4m CLNs can convert into 8 per cent equity in the acquirer’s holding company, thus offering potential for further value accretion to BigBlu’s shareholders. BigBlu focus is now on its two overseas businesses: SkyMesh, a leading Australian satellite broadband provider with 45,000 customers; and a Nordic satellite and fixed wireless broadband business that aims to expand its geographic footprint into Sweden and Finland. In Australia, SkyMesh targets customers in rural areas outside of the fibre footprint, who only receive a low-speed and low-quality service from traditional fixed telecom broadband suppliers. The aim is to grow the customer base by 10,000 per year through organic channels, and expand the offering into New Zealand. The operation is forecast to report both cash profit and operating free cash flow over £3m this year and has potential for an IPO or disposal, too. In the Nordics, BigBlu is investing £2m upgrading its fixed wireless network (8,900 subscribers), and should benefit from greater satellite capacity (currently 2,300 subscribers) from the world's leading satellite operators Eutelsat (NYSE /Euronext: ETL) and ViaSat (NSQ: VSAT) to support expansion into Sweden and Finland over the next two years. The Nordics operation is forecast to report a cash profit of £2.2m in the 2021 financial year. BigBlu’s share price is up 11 per cent since my last buy call (‘Three high growth small-cap plays’, 11 January 2021), and there is still compelling value on offer. Adjusting for cash on the balance sheet and the deferred cash and VLN earn-outs, BigBlu’s enterprise valuation equates to only eight times finnCap’s operating profit estimate of £3.1m for the 2021 financial year. I am raising my target price from 165p to 175p. STRONG BUY. |
Posted at 23/4/2021 10:25 by 25october1969 Agree weatherman and for this reason I bought more this morning when the opening price fell. I guess what is missing is investor appetite for the type of share but hopefully that will change, if they promote the company properly |
Posted at 22/5/2019 08:09 by quepassa BigBlu's AGM today at 1pm at Harwood Capital, 6, Stratton St., London W1J 8LD.A corporate invitation to the Chelsea Flower Show prevents me from attending! If anyone on this bulletin board attends today's BigBlu AGM, could you kindly post a resume of any pertinent points such as investor questions. -Thanks in advance. Hopefully we shall receive an RNS statement later today about the AGM which will give a Trading Update. ALL IMO. DYOR. QP |
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