Share Name Share Symbol Market Type Share ISIN Share Description
Bigblu Broadband Plc LSE:BBB London Ordinary Share GB00BD5JMP10 ORD 15P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 49.50 6,423 10:27:18
Bid Price Offer Price High Price Low Price Open Price
48.00 51.00 50.00 49.50 50.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 27.07 -1.70 46.90 1.1 29
Last Trade Time Trade Type Trade Size Trade Price Currency
13:48:24 O 3,972 50.05 GBX

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Date Time Title Posts
04/7/202218:51BigBlu Broadband486
14/4/202201:06One for the ISA67
25/2/201617:15BB BUST ?34

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Bigblu Broadband (BBB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-06 15:35:1649.50921455.90UT
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Bigblu Broadband Daily Update: Bigblu Broadband Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker BBB. The last closing price for Bigblu Broadband was 49.50p.
Bigblu Broadband Plc has a 4 week average price of 48.25p and a 12 week average price of 48.25p.
The 1 year high share price is 135p while the 1 year low share price is currently 48p.
There are currently 58,328,338 shares in issue and the average daily traded volume is 41,293 shares. The market capitalisation of Bigblu Broadband Plc is £28,872,527.31.
value hound: Tipped by Simon T (I have a small holding FWIW): -- It’s not often that you can buy into a fast-growing technology business on five times annual operating profits, but that’s what’s on offer at Aim-traded BigBlu Broadband (BBB: 58p), a provider of alternative superfast satellite, fixed wireless and 4G/5G broadband products. -- Following the sale of its stake in Quickline (‘Targeting sky high returns, 31 August 2021), a business that is building fixed wireless access (FWA) networks to address the ‘digital divide’ in the UK, and a subsequent £26.1mn cash return (45p a share), BigBlu retains £7.6mn of loans and equity in Quickline, and net cash of £5.2mn. House broker finnCap estimates the £33.8mn market capitalised group is likely to receive £5mn of deferred cash consideration in the coming months, too. Admittedly, the forecast cash earn-out is less than the maximum of £10.1mn at the time of the disposal, the reason being the global shortage of microchips impacted the supply of 5G radio equipment and the milestones. Effectively, BigBlu’s remaining businesses in Australia and Norway are in the price for £16mn even though they increased operating profit by 15 per cent to £3.2mn on revenue of £27.1mn in the 2021 financial year. It’s a valuation anomaly worth exploiting. BigBlu’s growth underrated -- 11 per cent growth in cash profit (Ebitda) to £4.6mn, or 6 per cent ahead of expectations Adjusted free cash flow of £2.1mn Strong organic growth in customer base in Australia Regional expansion into New Zealand Nordic business restructured and now generating underlying growth BigBlu’s focus is on two international businesses: SkyMesh, an Australian satellite broadband provider that targets customers in rural areas outside of the fibre footprint; and a Nordic satellite and FWA broadband business that has been restructured and plans to expand into Sweden and Finland. -- In the 2021 financial year, SkyMesh’s cash profits surged by 43 per cent to £4mn on 31 per cent higher revenue of £21.8mn, buoyed by 3,700 new customer additions (to 49,700). Skymesh continues to secure a 50 per cent share of new satellite additions under the Australian government’s NBNCo scheme, and is seeing growing interest for its premium Sky Muster Plus product. This helped boost average revenue per user by 15 per cent to A$70 per month. Moreover, the partnership in New Zealand with Asia Pacific broadband satellite operator Kacific signed its first customers in December 2021, and the post period end acquisition of Melbourne-based ISP Clear Networks adds 2,200 subscribers for a maximum consideration of A$2.9mn (£1.6mn), or six times trailing cash profit. House broker finnCap expects SkyMesh to deliver 13 per cent revenue growth, which supports a divisional cash profit forecast of £4.4mn and free cash flow above £3m. Importantly, the Nordic business has been successfully restructured. Dismounting 100 lossmaking masts cut the user base by 4,000 customers, but this was mitigated by a network upgrade programme to 55 towers which increased internet speeds to 100 Mbps and helped add 2,000 new profitable customers. Bigblu Norge has also entered a distribution agreement with Telenor to provide ultrafast broadband via wireless 5G, offering speeds up to 500 Mbps with unlimited data packages. Equipment shortages mean the roll-out is six months behind schedule, but it’s still growing. One fly in the ointment is last month’s cybersecurity attack on Viasat, the provider of BigBlu’s satellite capacity in the Nordics. Although the Nordics’ satellite customer base is likely to churn as a consequence, finnCap still expect the Nordics unit to deliver 5 per cent growth in cash profit to £2mn this year. My sum-of-the-parts valuation of £58mn (100p a share) values BigBlu’s operational businesses at £40mn, or the equivalent of 10.5 times 2023 operating profit estimates. Buy.
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.
plasybryn: Can you expand on your thoughts?Do you think it is still good value at this price? I guess we will drop to circa 80p on ex dividend day. Not many buying in pre the dividend which is perhaps strange. Perhaps more will buy post the ex dividend date at the lower price. I wonder what the directors expected to happen with the share price on the announcement of such a massive return of cash. The residual business looks set fair but the number of customers seems small which I don't understand.
typo56: The RNS of 6th Sept talks of the Return of Capital and the Share Consolidation. Often returns of capital are accompanied by share consolidations, in order to maintain a similar market price. As it stands at the moment a consolidation would be about 16 new shares for 25 existing shares. However, in spite of the RNS saying the Circular provides further information on the share consolidation, I can't see it mentioned anywhere in the circular. Also, the circular talks about the rebasing of the share options, reducing the targets by 45p. If there were to be a share consolidation they'd surely be no need to reset the targets? Is mention of a 'share consolidation' in the RNS just a sloppy mistake? hTTps://
cravencottage: Targeting sky high returns A provider of alternative superfast satellite, fixed wireless and 4G/5G broadband products, is returning cash to shareholders and is delivering eye-catching growth from operations Down Under August 31, 2021 By Simon Thompson Cash return of £25.9m in October from £33m net cash pile 52.7 per cent-owned Quickline subsidiary sold for maximum consideration of £48.6m, or 5.8 times cost of investment Deferred consideration of £10.1m cash and £1.8m loan notes subject to Quickline’s performance in 12 months to 31 March 2022 8 per cent equity stake worth £5.6m retained in Quickline Australian SkyMesh business delivers 50 per cent cash profit growth in first half Aim-traded BigBlu Broadband (BBB:116p), a provider of alternative superfast satellite, fixed wireless and 4G/5G broadband products, is returning 45p a share to shareholders following the disposal of the group’s 52.7 per cent stake in Quickline to private equity group Northleaf Capital Partners. Funded by government grants, Quickline is building its own fixed wireless access (FWA) networks, supported by increasing amounts of fibre infrastructure, to address the ‘digital divide’ in the UK. It’s a fast-growing business which is why BigBlu achieved an exit price of 23 times forecast cash profits. Sensibly, BigBlu has retained an 8 per cent equity stake worth £5.8m to benefit from further capital upside. The focus now is on the group’s two international businesses: SkyMesh, an Australian satellite broadband provider that targets customers in rural areas outside of the fibre footprint; and a Nordic satellite and FWA broadband business that has been restructured and is now planning expansion into Sweden and Finland. In the first half, SkyMesh’s cash profits surged by 50 per cent to £1.8m on 42 per cent higher revenue of £10.5m, buoyed by 5,700 new customer additions (to 48,700). They are more profitable, too, as 70 per cent of new take-ups are opting for A$100-per-month unlimited data tarrifs, says chief executive Andrew Walwyn. Skymesh had a 36 per cent share of the market and the aim is to increase the user base to 80,000 over the next three years through organic growth – it has delivered double-digit growth for the past three years – and regional expansion. For instance, SkyMesh will launch a service next month in New Zealand with Asia Pacific broadband satellite operator Kacific. Bolt-on acquisitions are also being considered. SkyMesh delivered free cash flow of £1.4m in the six-month period and house broker finnCap expects both free cash flow and cash profit to exceed £3m in the full year. Churn was high in the Nordic business after BigBlu took the decision to dismount lossmaking masts, which cut the user base by 3,300 customers. However, finance director Frank Waters says that the customer base has stabilised around 9,500 and with a network upgrade programme due to complete shortly and new satellite offerings to be launched in November, then the streamlined infrastructure-light business is poised to return to growth. In addition, next year’s copper switch-off across Norway will add 200,000 addressable households to BigBlu’s 5G FWA target market. The investment opportunity here is being seriously undervalued. Deduct the £33m cash pile, £5.6m equity stake in Quickline and £11.9m deferred consideration from BigBlu’s £66.8m market capitalisation and the Nordic and Australian businesses are being valued at £16.3m (28p a share), or 5.5 times finnCap’s full-year operating profit estimate. SkyMesh has to be worth £36m (62p), and considerably more to a bidder, given its robust growth prospects. My target price is 175p. Buy.
sev22: 'Targeting sky high returns' Tipped by Simon Thompson in the IC tonight. Says the investment opportunity here is being seriously undervalued. Target price is 175.00p. Confirms that BBB are returning 45p a share to shareholders in October 2021.
weatherman: From recent announcements BBB will have up to £48.6m from sale of QuickLine, plus £7.4m cash following previous sale = £56m mainly cash, some loan notes/equity, with 57.5m shares in issue. I make that 97p per share. Current price 104p. The remaining business in Nordic and Oz had turnover of £23m, and strong growth down under. Applying a price/sales ratio of 2 would give about 80p value on the rump. Current value of ~180p - I don't know why the market hasn't woken up to to this, as they have said they are planning a cash return to shareholders later this year.
cravencottage: Dipped my toe in for a few of these today.. I'm dumfouded with the disposal of quickline confirmed and equating to 84p a share that the share price is so low. Am I missing something? Harwood has just under 30% of the shares and i'm convinced he'll be looking for a handsome return.. Management have said they're exploring avenues to return surplus cash to shareholders - Bring it on!
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.
oohrogerpalmer: The problem with BBB share price is the last update. Customer sign up numbers were down and debt was up , exactly the 2 things the markets don't like. Until BBB give results / update that reverse these then things wont improve.
Bigblu Broadband share price data is direct from the London Stock Exchange
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