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Indeed. I think that trade went through at 38p, too, when the SP was still c.34p. It's staggering that there is so little investor info from this company, especially when the likes of Hargreaves Lansdown are significant investors in it.
I notice there's a 40,000 share transaction today at 13:21, the exact amount Chris Mills bought last time, probably buying again is my guess. Inching closer mandatory offer on the cheap territory...
... remember us? Your shareholders who have given you their money to develop your products and business? How about talking to us and letting us know WTF is going on inside the black box that BBB now is?
May I ask where your quote comes from, please? TIA.
"in cash at no less than the highest price paid in the previous 12 months"
On the cheap, in other words
Another Chris Mills buy, now holds 26.03% of the share capital, what's the endgame here? Mandatory offer required at 30% holding in UK public company...
Not quite yet....
Nd
Admit it, Andrew, we've all lost our shirts, haven't we?
Exactly my feeling too, Sheriff. The silence is painful and I've completely lost faith in Walwyn & Ltd Co. When Project Kuiper was announced I asked how they thought it would/could impact BBB's operations and future plans. Silence.
The £25m value of the company on the market is way less than the the value Skymesh will IPO at, which I think it might happen in the first half of 2024. Last week Skymesh also sold some assets to Summit, but retained the end customers with a new partnership: https://www.itnews.com.au/news/skymesh-sells-clear-networks-fixed-wireless-infrastructure-597863. That should be beneficial to margins it seems.
Quickline stake is £7m, so that's over 25% of the mcap.
Let's see if they manage to sell part of the nordics business (or they expand to Finland and Sweden), but that has to be worth something as well.
I think the company could conservatively be worth 80p, so 2x the current price.
The problem is they don't communicate often, and when they do they do not sell themselves well.
But sum of the parts is higher than price, they generate FCF, and Mills now owns 25% of the company
Thanks Tyche100.
That may explain the appalling service in France.
Anyway I’ve cancelled my direct debit as they were unable supply any service.
Seems they want to sue me for €59 ! despite failing to deliver the service.
I set up with Twoway communications that became Bigblu in France.
The Tv service I’ve been paying Bigblu for last 10 years was sold without telling me and now disconnected.
Bigblu have been taking the cash but can’t tell me who the service provider is although they’ve been paid for the service.
The internet doesn’t work since their satellite was damaged over Ukraine and the two decoders sent since don’t work.
Be careful this is a dishonest company.
SFH300 bear with them! I think 3-6 months and we will see some special divi, or cash back from sales! Bear with!
"There was progress across all the Company's geographies and business units in the period in terms of expanding the product offerings, implementing new core platform systems and a sizeable reduction in costs, recognising market challenges globally. The Company is therefore well positioned for the second half of the year."
And so the SP falls 8.33%. Why does no one believe you?
They’ve never done a good job at PR with investors, so short term investors lose interest. Sum of the parts around £1, imo, so 2x this price. Loaded at £0.39-0.42 so not personally adding at this level
I see everyone's piling out of BBB again. Laughable.
Good to see Mills now owning 25%+ of the company
When annual report out there will be more clarity on strategy, we can then see the direction. Probably is still quite cheap? Skymesh covers at minimum the mcap. Nordics, 5% Quickline, FCF on top for free
I’m awaiting the next RNS which could be around the corner.
It all still feels very directionless.
Looks like SkyMesh is (re)entering the fixed line market after 5 years, this should support the business to get closer to the targeted 100,000 customers by end 2025. https://www.crn.com.au/news/skymesh-reprises-fixed-line-ambitions-590916.
Still valuing this company at c.90p
Also no debt, net cash, 90%-95% recurring revenues, large insider shareholders.
Agree Skymesh alone probably worth more than £30m.
Harder to put a value on the Nordics. A business being restructured, with historically very high margins. Also with an additional 300k market opening up as copper switched-off. And the partnership with Telenor. 4m revs today, worth around 10m?
5.1% in Quickline at least £7m today.
Conservatively, summing the parts, bbb worth at least 50m (mcap today is 23m)
Great trading update on 12th December.Double digit growth.I am adding as this is worth maybe 4 times this s.p. in my opinion....Big growth...
Pete.You are taking us for mugs.On the 1st december you are saying you are going to sell your remaining 300,000 shares...selling 10,000 per day.....then on 6th december you say you are going to sell your remaining 450,000 shares....an increase of 150,000.....please explain or stop taking us for mugs.....