The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This has been a frustrating stock to own of late and am currently sitting on a fairly sizeable paper loss.
I do however think that the company is in much better shape now than when I first invested. The divestment of the European satellite business will leave the balance sheet looking much healthier and remove the immediate threat of any dilution. The growth potential of the Quickline business is considerable and now becomes the main focus. I truly believe that management want to create maximum value for shareholders and it would not surprise me if they sold the both the Australian and Nordic businesses should the right price be offered. Once further developed, Quickline itself should also attract takeover interest. Just look at the huge premium paid for City Fibre a couple of years ago. There are plenty of deep-pocketed giant infrastructure funds out there looking for the right assets. In summary, I think this is one for the patient investor and I won't be bailing out anytime soon.
We’ll learn what they have planned with the £38m - more investment in fixed wireless is my guess particularly as since Covid people have been moving away from cities looking for less populated, peaceful locations that often have not had technology investment
Interested to listen to the presentation next week and I suspect
IMO a good move (but a bit late in the day) by BBB. In Europe, satellite delivered broadband has over the last 5+ years become ever more marginalised by much better performance and much better value 4G delivered broadband. If you look at the total number of European customers acquired by EutelSat, it's only 50,000. That tells a clear tale if you look at historic reported geographic splits of BBB's customers. Churn levels on satellite broadband in Europe have very clearly been terrifyingly high over the last few years... (which really should not have come as any surprise to anyone).
So IMO a sensible thing - late, but better late than never. Flog off the remaining customer base and most of the operational costs/staff/premises involved in servicing that. You can bet your bottom dollar that there'd have been significantly less customers to sell next year.
As to what remains? Quickline is almost certainly the remaining jewel in the crown, but as far as satellite is concerned, the Nordics and Australia are far more sensible and appropriate geographies for satellite, when compared to the rest of mainland Europe.
The question now is... what will BBB do with that £38 million? It's going to need to do something (acquisition probably... but what?), because the remaining revenues and GM almost certainly do not justify the costs of remaining listed... even with the substantially reduced OPEX base.
AIMO.
I am not quite sure what to make of the news this morning - sale of a major part of their network / coverage which means less revenue BUT perhaps in UK/Eur margins are lower due to good mobile telecom and land based solutions - perhaps remaining network is higher margin and has more growth potential?
Money from sale being used to improve balance sheet and not for a special divi or similar......
I need to go back and work thorough the full results presentation for last year
Does anyone have any ideas why the share price has dropped lower last week.
Is it related to the growth share scheme announced on Monday or the recent annual report? I bought some at 90p a few weeks and have watched them go up initially. Low momentum stock.
15 to 1 consolidation...............!
https://bbb-plc.com/files/file/view/id/55
All the best (hope that helps :)
thats a good read, he's certainly been a fan from the outset. if we can get through 80p today then £1 will be shorty followed
https://www.investorschronicle.co.uk/comment/2020/04/01/four-companies-offering-value-opportunities/
did the investor evening yesterday go ahead, presume by video or tel calls. Perhaps some juicy snippets there. They've got to be doing goo dbusiness with more people at home across UK, Euro and Oz all using more data which they have to pay for.
oi oi.............!
Some volume today talking of numbers.......... :()
All the best (perhaps this is the moment............ ! :)
and yet they haven't updated the SH's ............!
strange, to say the least............ :(
All the best (this is moment they should be grasping ............! IMO :)
"large take up............!"
"alot of interest .........!"
"record sign up.........?"
nope.............!
like the numbers an awful lot, plenty of upside in the SP.
With everyone in Europe on lock down in homes, then withour doubt more data being used in the rural communtities.
i couldn't agree more. BBB will be selling more of there higher speed and more data packages across Europe and Oz to exisiting customers and plenty of new customers quickly added as the alternative is cable and no cable is laid at speed opposed to a dish being screwed to your wall.
I am surprised that no one has made the link yet between a rural broadband provider and coronavirus. Everyone will be working from home soon enough and isolated. This will surely increase the speed of uptake for decent broadband. People who aren't working will be bored out of their minds and pay whatever they can to increase their connection speeds. Working from home will also now be far more accepted in the future. This is surely all great news for BBB, once the markets recover that is
Mobile firms sign up to £1bn rural coverage plan
https://www.bbc.co.uk/news/topics/cnx753je2npt/mobile-phones
All the best (the link is obvs temperamental....... :)
I am looking at making an initial investment - most factors look very positive, particularly after the recent sharp fall in share price. One thing stands out like a sore thumb for me, Debtors have increased by almost £7M to £14M since May 18 and by £4M since Nov 18. This is way more than inventory increases yet as far as I can see no explanation is offered. Does anyone have information about this?
For some reason yesterday's RNS is not showing here, but it looks like good news, so not sure why the share price is dropping.
Quickline to Lead £6m Rural Superfast Mobile Project
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that its subsidiary, Quickline Communications ("Quickline"), has been selected to lead a £6m project to boost rural connectivity in North Yorkshire.
The project will focus on bringing mobile connectivity to the County where 35% of the population currently has no 4G mobile coverage. It will also test how superfast mobile connectivity can benefit North Yorkshire in boosting tourism, tackling social isolation and acting as an early warning system for flooding emergencies.
Other partners with Quickline include a mix of specialist small to medium enterprises (SMEs) and the universities of York and Lancaster. The partnership has secured £4.5m of Government funding with a further £2m being added by the industry partners.
The project, which is a continuation of the technical partners' previous work with the 5G Rural Integrated Testbed project ("5GRIT"), will investigate how rural mobile connectivity can help eliminate the not-spots of North Yorkshire by developing new technologies, apps and services tailored for rural areas. It aims to understand how the public, private and community sectors can work together to reduce the cost of delivering mobile access in rural areas.
The project is supported by the Department of Digital, Culture, Media and Sports, as part of the 5G Rural Connected Communities Trials and Testbed programme. This £30m programme supports national projects to determine how best to use the 5G technology to deliver services across the entire nation.
Andrew Walwyn, CEO of Bigblu Broadband, commented: "This is great news for Quickline and we are delighted that it has been selected to lead such a prestigious project. As one of the UK's largest wireless internet service providers, Quickline continues to work closely with various Public Sector bodies and is focused on improving rural connectivity; its innovative solutions remain appealing to a growing number of regions."
I got that very wrong.
In my book buys and in any case the price held well compared to being mid 90's on lower volume recently. Good sign.
Those big trades today - buys or sells? Hard to tell...
Debt re-org is certainly good news, will liberate cash and help growth funding. Just no rushing improvements appearing in the sp.
Clearly a reason for this? Is it election related? People just wanting to hold cash just to make sure?
Good to see someone taking advantage of opportunity. :-)
Any technical traders out there care to shed some light on what the price barrier is that we need to break through? Seems to always be resistance at this level before it drops back...