The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Anyone see today's sp as a top opportunity?
I see it jsmith....!
The IC was a Pump, got a few out, and a few more in, no more than that....... IMO....!
All the best (I'm in for the long run here, so plays like that, or, mischief.......... doesn't proper bover me :)
Yes not much going on..
Did you see the IC atricle a few ekks ago the day that come out this rocketed to just over 120.00
Just shows it only moves with postie write ups/news
Next trading update is December January, November year end?
Hey jsmith.....! obvs, but is very quiet eh!
20DMA @ 115.25p as of yesterday, so disappointing for SP to drop below that, good support around 110p so........
Bothered.....!
All the best (not really :)
Chesh you still here mate???
Whats the latest with BBB................
First-half results from Aim-traded BigBlu Broadband (BBB:115p), a fast-growing satellite internet service provider offering an alternative high-speed broadband service, were well flagged in the pre-close trading update which I covered in some detail (‘Big Blu’s expansion on track’, 9 Jul 2018).
The key metrics made for a good read: like-for-like revenue increased by almost 7 per cent; recurring revenue accounted for over 91 per cent of the total; and underlying cash profits surged by more than a third to £2.8m on revenues up a fifth to £25.1m, buoyed by the contribution from acquisitions, and better gross margins too. Operating cash flow of £3.2m caught my eye, and closing net debt of £9.4m is comfortable relative to full-year cash profit forecasts of £6.8m.
The key take for me, though, is that BigBlu’s game-changing sales and marketing agreement with a European retail joint venture (between ViaSat and Eutelsat Communications) is gaining traction. Broadband operations have been launched in Poland, Norway, Spain, Sweden and Finland, and launches are scheduled later this year in Germany and Italy. Under the terms of the agreement, the joint venture provides marketing support, satellite network capacity and customer premise equipment. For its part, BigBlu is providing in-language/in-market sales, installation, billing, customer care and logistics services.
This means that the company can accelerate its organic growth and enter new markets off the back of a fully funded marketing programme. BigBlu is also benefiting indirectly as rival satellite operators are offering better terms in light of its larger distribution capabilities. Of course, there is a fair amount of execution risk here, and there is no guarantee that BigBlu will deliver the organic growth required to lift its customer base by half to 150,000 customers by 2020, and to boost profits. However, the business is certainly moving in the right direction, and the valuation remains attractive.
Numis Securities’ forecasts the company can deliver cash profit of £6.8m for the full-year and £10.1m in 2019, implying that the forward enterprise value to cash profit multiple falls from 12 to 8. That’s not expensive neither is a prospective PE ratio of 14 based on 14 times Numis Securities’ 2019 adjusted EPS estimate of 8p. So, having first advised buying BigBlu's shares at 82.5p ('Blue-sky tech play', 21 Mar 2016), I continue to see upside to my 165p target price. Buy.
The share only gets my passing attention. I do not have a financial interest at the moment nor do I think any time soon.
Sounds positive Beeb your thoughts going forward do you believe the company can make it big? New positions in Europe, increasing customer base...
In his fourth column this week, Simon Thompson has been assessing the latest financial results from a fast growing satellite internet service provider offering an alternative high-speed broadband service. The company’s game changing sales and marketing agreement with a European retail joint venture is now gaining traction. Broadband operations have been launched in Poland, Norway, Spain, Sweden and Finland, and launches are scheduled later this year in Germany and Italy. This is highly supportive of the company scaling up its customer base by half to 150,000 by 2020, and to expectations of a ramp up in profits, too
Any links? Thanks
Simon Thompson coverage in IC...
Wow that's come out of nowhere.... Gd stuff!
yep Beep........!
the market will decide, and one each for the BOD..........!
KIA nope.......!
All the best (Merc......!)
Maybe a whipround!
Very clever Beep, the secondhand car scenario........
if true (and I doubt it) I think Michael Tobin OBE made a wise choice.......
The car will only depreciate in value, were as his shares will appreciate in value :)
I understand he was offered a second Mercedes, but it was 10 years old, so thought he'd get a brand new one next year!
Just my thoughts also..........!
All the best (quiet init :)
I'd agree, Beebop... a measly ten grand attempt to bolster confidence in a falling SP.
BB continue to get nuked by customers spitting blood on both Trustpilot and their own Facebook page. It's going to take a lot more than an insignificant and purely cosmetic director share purchase to fix BBB's self-imposed problems.
Just my thoughts too.
From RNS it appears the director was offered a bonus....
Either a second hand Kia Picanto or shares in BigBlue!
Just my thoughts
Statement of confidence is welcome.......!
always nice to see director buys,
All the best.
JSmith, that all depends (obviously) on whether you believe the future for the company is rosy or bleak.
Is BBB currently bargain of the year or is it in a right and worrying state?
Pick your own potato - I know what my money's on...
HITS I see what you mean, problem is every time it's hit a year low always has bounced back to a new high on a trading update. Do you take advantage of the slip and hope for the upside potential in the short term?
JSmith, I personally am not surprised in the least, unfortunately - for all the reasons that I and a few others have posted (with a little evidence, too).
Looks like the BBB Sales Director was absolutely right to bail out with his share options when he did - but then of course he'd be fully aware of what's going on internally and whether the SP was liable to rise, hold or fall. That was the first of a number of recent and not particularly minor red flags...
AIMO.
101p Sinkingggggggggggggg.......... Any news????????,
105p equiv. to 7p old money... What is going on here???
I'm hearing that they're shutting down their Irish office.
Hatches being battened down here, boys and anything and everything being done to cut costs and save cash... clearly at the expense of customer service, at the very least.
Agree with your comments I've been DMOR. I wont buy back in now. Tiscali made it impossible to quite. They stuck my line so i couldnt move on for a couple of months. Eventually forced off my line.