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Worth noiting the Outlook that was given in the July TU.
Outlook
The Board is confident that the solid performance of the core business and the recently completed acquisitions will continue for the remainder of the current financial year and the outlook therefore remains encouraging. The Company continues to evaluate further complementary acquisition opportunities and technologies as part of its growth strategy and is confident of achieving its previously stated 2020 target of 150,000 customers.
Andrew Walwyn, CEO of BBB commented, "Trading in the period was strong due to continued customer sign up, improving retention rates and increased data demands of existing customers. I believe that we will see further growth in the second half of the year post the fibre disposal and the increased marketing spend in the JV as consumers continue to demand faster and more dynamic broadband services wherever they're located. The first half of the year has been mainly about consolidating our acquired customer bases and integrating systems across our networks. This momentum is expected to continue into the second half, and I look forward to updating shareholders in due course."
Half -year results for the period ending May 31st have still to be announced.
TU in July gave approximate numbers, but exact numbers still to be released.
Half-year results were issued on Aug 31st last year.
Last year they included Post=period highlights and the Outlook going forward.
Yeah, cheesy name after the last one.
Yes next trading update will be around December/January. November is year end I believe. That's the strategy buy low, sell high but yes could fall more and hopefully sell on the high year end.
still hate the name " bigblu broadband " ...
hi , am I right in saying the next set of results are at the end of this year ( dec 31st ) ???? might be a good time to buy more just now although will probably drop a bit more ?????
Good luck!
The only way to salvage something may be to risk and buy more on the lower prices as falling and sell on the high rise next trading update..
Its always worked before.....
Normally I would have bought these shares at this price but I have lost confidence in them
I remember buying moneysupermarket shares 10 years ago for a quid each. They went to 60 pence or so. I gave up and sold even though I thought they still had potential. I lost a lot of money. The shares trade for approx 3 quid last I looked.
Thing is flappersmith not even the directors will tell you where the share price will be in an hours time. Up to you.
Chesh do you still belive dis stick can go the mile
We are always talking about double figures, seems impossible atm
Resistance charts indicating going forward?
Thanks
yes but if i sold at that point it would have been a gain of 20%
Now its tumbled :(((((((((((((
Back to the 7p Zone.......................
It isn't a profit or loss until you sell them
**year high
I'm furious as I lost a 20% profit, yesterday night of 137.5 could of sold and made a tidy sum. I was loyal and believed the company was going from strength to strength, does anyone believe we will see that level again?
BTW, furious, not curious.
I disagree, Chesh. Thing is, how long has BBB been going under its new name? A couple of months? And yet there's 70+ seriously p*ssed off customers who have taken the time and bother to post reviews on one of the better known and most credible review sites (it's not like Trip Adviser).
They hardly did any better when they were Europasat (search the Trustpilot site).
This is all because satellite delivered broadband is absolutely not in any way fit for purpose, except in the most extreme of situations. You'll find hardly any of those in Western Europe, let alone the UK, where about a third of BBB's revenues come from. Satellite broadband is dying at an ever accelerating rate and users are desperate to migrate onto other delivery technologies, such as wireless or 4G.
Combine that with clearly ludicrously shocking customer service levels and I'd say BBB has major issues... all of its own making too. Here's why.
1. BBB sets itself a 100,000 subscriber target, which it then has to hit in order to keep the market happy.
2. BBB couldn't rely on organic growth to achieve this number (quite the reverse - churn rates are horrifically high on satellite broadband in its core geographical markets), so it's forced to acquire and fast.
3. BBB then pays far FAR too much to acquire other satellite broadband customer bases, all of whom are equally fed up with the poor technology and all of whom are just as desperate to churn.
4. Churn and acquisitional expenses drain funds, so big opex cuts have to be made.
5. Customer service takes a nosedive due to newly constrained resources and already upset customers become even more curious and churn rates rise ever faster.
6. BBB is incredibly late to investigate other alternative broadband delivery technologies (like wireless and 4G), so is way WAY behind its direct competitors on this and thus also continues to be massively dependant on revenues generated by a technology that almost all its users loathe and can't wait to dump.
It's currently a perfect storm and I would NOT want to be BBB right now. No wonder the Sales Director cashed his share options.
AIMO.
Oh I don't know Chesh, it was only yesterday when i got a thumping headache after reading JSmiths posts. I took a pill. Not only did it take away my headache it wiped my memory of Smith's posts. I thought this pill was an undiscovered wonder drug so I wrote to the President of Bayer and shared what can only be a miracle.
Thing is, with these review sites........
You very rarely find a satisfied customer seeking them out to put up a positive review,
bit like taking a paracetamol for a head ache, you know you've got a head ache, so you take the pill, the pill gets rid off the head ache, and so you forget about it and the pill, the unsung hero..... the pill............. :)
All the best (read years ago holiday reviews where susceptible to fake reviews also, perhaps the same)
Trust pilot reviews are not good at all. Time to move on for me
Sounds like a shambles..........
Has everyone given up wit this stock, i recall many people saying this is going to fly and its a super stock
Can see anyone on here no more????
https://uk.trustpilot.com/review/bigblu.co.uk
Anyone else thinking that BBB has expanded much too fast via acquisition, has paid much too much for increasing their customer base in order to hit self-imposed total subscriber numbers and has now had to slash infrastructure costs as a result... which has led to what seems to be pretty appalling customer service and satisfaction levels.
Hardly a ringing endorsement and not a good place to find oneself in.
Seems I make more money at the moment selling on a spike then waiting for them to go low.
Been buying and selling shares since the 80s
Been bbb does rocket where's there's an update but otherwise not much progress. Dish looks promising but it does state loss making for 18 months, will the sp make progress taking all into account?
Think this company will have to come up with a corker to gain interest.
I just don't have the connection anymore to place them back in my portfolio.
Going to try and get back into BigDish at 4.75 to 5p.
Should make some cash on hype alone imo.