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| 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
|
|
|---|---|---|---|---|---|
| -1.80 | -4.89% | 35.00 | 19 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 34.00 | 36.00 | 35.00 | 35.00 | 35.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 30.09M | -4.7M | -0.0801 | -4.37 | 21.61M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:40:51 | O | 19 | 34.71 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/12/2024 | 16:05 | UK RNS | Bigblu Broadband PLC Notice of GM |
| 02/12/2024 | 07:28 | UK RNS | Bigblu Broadband PLC Proposed Sale of SkyMesh Pty Ltd |
| 05/11/2024 | 11:53 | ALNC |  IN BRIEF: BigBlu Broadband shares jump as confirms SkyMesh talks |
| 05/11/2024 | 08:00 | UK RNS | Bigblu Broadband PLC Market Update |
| 20/9/2024 | 10:08 | UK RNS | Bigblu Broadband PLC Director/PDMR Shareholding |
| 18/9/2024 | 12:35 | UK RNS | Bigblu Broadband PLC Issue of Equity |
| 30/8/2024 | 20:26 | ALNC | EARNINGS: ProBiotix Health hails positive outlook as revenue surges |
| 30/8/2024 | 06:00 | UK RNS | Bigblu Broadband PLC Half-year Report |
| 21/6/2024 | 15:42 | UK RNS | Bigblu Broadband PLC Result of AGM |
| 28/5/2024 | 15:28 | UK RNS | Bigblu Broadband PLC Director/PDMR Shareholding |
Bigblu Broadband (BBB) Share Charts1 Year Bigblu Broadband Chart |
|
1 Month Bigblu Broadband Chart |
Intraday Bigblu Broadband Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/12/2024 | 12:36 | BigBlu Broadband | 545 |
| 14/4/2022 | 00:06 | One for the ISA | 67 |
| 25/2/2016 | 17:15 | BB BUST ? | 34 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:40:52 | 34.71 | 19 | 6.59 | O |
| 2024-12-12 16:35:00 | 36.80 | 1,185 | 436.08 | UT |
| 2024-12-12 15:17:46 | 36.00 | 394 | 141.84 | O |
| 2024-12-12 15:17:46 | 36.00 | 55 | 19.80 | O |
| 2024-12-12 11:55:57 | 35.30 | 1,001 | 353.35 | O |
| Top Posts |
|---|
Posted at 13/12/2024 08:20 by Bigblu Broadband Daily Update Bigblu Broadband Plc is listed in the Finance Services sector of the London Stock Exchange with ticker BBB. The last closing price for Bigblu Broadband was 36.80p.Bigblu Broadband currently has 58,715,360 shares in issue. The market capitalisation of Bigblu Broadband is £20,550,376. Bigblu Broadband has a price to earnings ratio (PE ratio) of -4.37. This morning BBB shares opened at 35p |
Posted at 02/12/2024 11:05 by value hound Simon T has updated fwiw under the heading...BigBlu’s subsidary sale highlights deep value. concluding with.... On a sum-of-the-parts (SOTP) basis, house broker Cavendish values the equity at £28.6mn (48p) as follows: £3mn for ongoing operations (a trading subsidiary in New Zealand and a business that controls the distribution of Starlink); retained SkyMesh stake (£6.8mn); investment in Quickline (£5.9mn), a company that is building fixed wireless access networks to address the ‘UK digital divide’; proceeds from the disposal of SkyMesh (£15.4mn) less debt repayments (£5mn), transaction costs (£1mn) and receivable adjustments; and deferred SkyMesh cash payment (£3.5mn). Admittedly, Cavendish’s revised SOTP valuations is below their 70p target price prior to BigBlu entering discussions with Salter Brothers. However, it still implies a 37 per cent share price upside, which is underpinned by the proposed cash distribution (equating to almost half the current share price), retained stakes in Quickline and SKM and the deferred cash consideration due in 12 months. The carrying valuation of the Quickline stake also looks conservative given the operational progress that the company has been making. Buy. |
Posted at 02/12/2024 10:42 by varies njb67Thank you very much for your prompt response.. The relevant sentence is indeed ambiguous : "The Completion Payment after transaction fees of £14.35 million will be used to pay down the RCF". On reflection l think that your interpretation must be correct. Let us hope so. It would be interesting to see a Pro-Forma balance sheet and l hope that BBB will produce one with the formal notice to shareholders. |
Posted at 02/12/2024 10:19 by njb67 I have read transaction fees as the difference between the £15.35m initial price mentioned earlier and the circa £14.35m that will be used to pay down debt. So the fees are around £1m (which seems about right for a deal of this size) rather than £14.35m.It is poorly worded imv. |
Posted at 05/11/2024 09:47 by weatherman Let's hope the deal comes through, could be double current price according to ST. |
Posted at 03/9/2024 20:32 by value hound Write-up by Simon Thompson.FWIW, I decided to hang on to the ones I have - but wasn't feeling courageous enough to average down; will let it play out. Here's the article: --- Investors could double their money with this break-up An alternative broadband services provider has reined in guidance, but could this be the bottom? Aim-traded alternative broadband services provider Bigblu Broadband (BBB:28p) has released a mixed set of interim results. In May 2024, the group exited its Nordic business for a nominal sum, albeit the buyer assumed £1.3mn of net working capital creditors and liabilities and there is a contingent earn-out agreement. The disposal led to a £0.73mn below-the-line loss on discontinued operations. In addition, BigBlu incurred £1mn of exceptional charges relating to corporate activity, restructuring and the write-off of some development costs on a new fully integrated cloud-based Microsoft IT system for its Australian subsidiary, SkyMesh. The reported pre-tax loss of £2mn also included a £0.15mn foreign exchange currency hit. Adjust for these items and the group just about operated at break-even at the pre-tax level. Building a platform for SkyMesh to grow As previously reported, competition from Starlink, a wholly-owned subsidiary of American aerospace company SpaceX, has impacted SkyMesh's churn rates. In the six months to 31 May 2024, SkyMesh reported an underlying annualised churn rate of 32 per cent and only increased its customer base by 700 to 52,300 customers. So, to boost customer retention rates, SkyMesh has been working closely with its major satellite provider, NBN Co, to bring more affordable uncapped data packages to market. It’s working as a quarter of the customer base has now migrated to new deals, but it has led to lower average revenue per user, which impacts the gross margin SkyMesh earns. Sensibly, SkyMesh secured a distribution package with Starlink in December 2023 to provide high-speed internet to businesses and small office customers in Australia. BigBlu invested £2.1mn in Starlink stock to support future orders as it looks to scale this side of the business. Combined with reseller agreements with Optus for 4G/5G fixed wireless (launched in July 2024), Vocus for fibre and OneWeb, SkyMesh has doubled its total addressable market to more than 2mn potential customers. However, SkyMesh’s cash profits have been under pressure, falling from £2.2mn to £1.7mn (pre-central overheads of £0.6mn) in the latest six-month period. This explains why house broker Cavendish cut its full-year group cash profit estimate by 25 per cent to £3mn and now expects adjusted pre-tax profit of £2mn and earnings per share (EPS) of 2.8p, down from £3.6mn and 7.1p, in 2023. Also, BigBlu’s net debt has risen sharply from £0.3mn to £4.9mn due to the hefty investment in working capital and IT systems as well as the cash cost of the one-off charges. Share price at a nadir? The positive for shareholders is that the Australian business is now positioned to deliver growth. Cavendish's downgraded forecasts still point to SkyMesh’s annual cash profit rising 25 per cent to £4.5mn in the next financial year, an outcome that should drive pre-tax profit and earnings per share (EPS) up two-thirds to £3.2mn and 4.6p. BigBlu’s directors are also committed to maximising shareholder value, either through an IPO, trade sale, management buyout or private equity transaction of the business. It would undoubtedly release value as SkyMesh is in the price for only £15mn (25.6p) on a sum-of-the-parts basis, or 4.2 times depressed current-year cash profit estimates and only 3.3 times 2025 forecasts. Telco peers are rated on a multiple of 8-10 times cash profit. I have taken account of group net debt of £4.9mn (8.4p) and BigBlu's £6mn (10p) stake in Quickline, a company that is building fixed wireless access networks to address the ‘UK digital divide’, in my calculations. So, although BigBlu’s share price has fallen from 38.5p since I rated the shares a hold (‘Bigblu disappoints, but a break-up is highly likely 20 May 2024), the potential to more than double your money on a break-up makes them worth holding onto. Hold. |
Posted at 20/5/2024 15:35 by weatherman The rump is essentially Skymesh, with a small stake in Quickline - good news they are beginning to work with Starlink. Yes, looking for a sale of Skymesh and return of capital - 70p per share would do. dyor. |
Posted at 20/5/2024 12:45 by value hound Simon Thompson's take on the results under the title: "Bigblu disappoints, but a break-up is highly likely" The alternative broadband services provider has lowered guidance, and the shares trade on a near 50 per cent discount to sum-of-the-parts valuations which concludes... So, although the material earnings downgrade is disappointing, and Cavendish lowered its sum-of-the-parts valuation from 90p to 70p, a break-up of the group is a real possibility. Indeed, with the Australian business effectively in the price at four times depressed current year cash profit estimates, a potential MBO of SkyMesh supported by private equity, trade sale or an IPO should realise material value for shareholders. Hold. |
Posted at 20/12/2023 21:44 by weatherman hxxps://simplywall.s |
Posted at 13/6/2023 15:34 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 13/6/2023 14:27 by value hound Encouraging move up today. Obviously, it could be worth a lot more if and when it spins out its Skymesh subsidiary operation in Australia. Chris Mills topped up at 48.5p in March to go to over 25% and he's infinitely smarter (and richer...) than me so I was happy to buy at 42p.According to Simon Thompson, when he tipped it on 1st March at 54pps, they're forecast by FinnCap to make £5.6m on revenue of £31.9m this year. He thinks a realistic valuation for Skymesh is something around 95p a share. I'd be a lot more pessimistic - but still..! In addition, there's BBB's Nordic business which is said to be recovering - so as and when the listing does happen, BBB should comfortably double and will still be undervalued and Chris Mills has a great track record of making sure this kind of thing does come to pass. He did a Vox markets podcast earlier this week in which BBB wasn't mentioned at all - so it made me wonder if he couldn't say anything about it as he's on the BoD and there's imminent news? That said, I don't think he mentioned them on the last Vox Markets interview either. |
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