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Not jumping ship at Casa Gadouis. The decline hurts but this is not a speculative but a cash flow name. I've been picking away at small buys--with the headwinds in the market (as the dingdongs on TV have it) I've been keeping my buys small and increasing the gap between buy levels.
... sold by 10am today. No buyers.
You're all jumping ship, aren't you?
The silence from the company, and directors and PDMRs failing to snap up the cheap shares tells us a great deal, I feel.
... and 9 bought!
Still confident?
With the SP at this level, why aren't the directors piling in to top up their holdings?
... any more.
With the total silence from the BoD and the move into the field by Amazon and Boeing, is it time to get out?
50% more buys than sells today - and STILL the SP falls.
Down another 2 3/4%. Nobody wants BBB. I wouldn't be surprised if HL lets go of its holding before too long, because the company aren't doing or saying anything to instill confidence in shareholders.
For further information:
https://www.telecompaper.com/news/nkom-scraps-plan-to-shut-down-telenor-copper-network-before-2025--1397826
https://www.telecompaper.com/news/nkom-scolds-telenor-for-indicating-copper-shutdown-next-year-ahead-of-2025-target--1404559
The value of shares bought today was twice the value of shares sold - and still the SP drops by 1.35%.
In the face of virtual silence from the company and a very short and platitudinous statement from the CEO in the 3rd December trading update, I'm fast losing confidence in this company, particularly with the (albeit comparatively small) issues of new stock.
It should be noted also that the CEO mentioned in his AGM statement that Telenor were going to switch off their copper network in 2022 and that this would open new opportunities. Telenor announced a few weeks ago, however, that their copper network would not now be shut down before 2025.
https://www.lse.co.uk/rns/BBB/issue-of-equity-and-total-voting-rights-ktvknnot6b3m1rl.html
Does this SP ever go up?
Nutmegmilk - history suggests, though, that it will resettle to its opening price by the close.
very undervaled ... but it will rire ..... looking strong today :)
Good work, Teela. Thanks.
I've been trying for some time to put together a current Sum of the Parts valuation on BBB.
It shouldn't be too difficult with the "parts" being:
Value of Australian and Nordic assets
Cash
Deferred payment for Quickline
Northleaf stake.
Despite what should be a straightforward calculation, I've failed, even trying to reverse engineer an Investors Chronicle article from Simon Thompson.
Despite my failure I have found a sum of the parts calculation from finnCap.
They value the continuing operations (Australia and Scandanavia) at 9x EV/EBITDA to give 74p per share. (They point out that peers trade at 6-16x but don't explain why they've used 9x rather than any other figure in the range)
The Northleaf stake (8% of the company if I recollect correctly) is valued at 13p
Deferred payment for Quickline 9p (they've reduced the likely payment by 50% to reflect underperformance due to the problems with 5G rollout)
Finally they give a target price of 100p.
The target price doesn't quite match with their sums! There's a 6p difference.
The finnCap article gives a current cash holding off £5.1m. I think they may have overlooked this in their SOTP as £5.1m is almost exactly the same as the figure for the deferred payment.
If I add the current cash value to the finnCap calculation I get:
Value of Australian and Nordic assets 74p
Cash 9p
Deferred payment for Quickline 9p
Northleaf stake 13p
TOTAL 105p.
Tinkering with the multiple for the operational bits and increasing it to 12x values this at 98p and would increase the SOTP to 129p.
All in all, I tend to think Nutmeg's target of 110 looks quite reasonable.
Reasoning?
This should be a lot higher… but I can wait …..target 110p for me
... even a long shot of being acquired ourselves by the the like of VOD, BT or others?
With Amazon (Project Kuiper) and Boeing entering the fray next year, it's a distinct possibility. But then so is the prospect of Amazon and Boeing overpowering all competition.
There projects and acquisitions in NEw Zealand and Australia, will grow and pay handsomely in 2022. Plus they have another steady income with retaining a portion of Quickline. Growth and divi’s in 2022, along with possible sell off’s and even a long shot of being acquired ourselves by the the like of VOD, BT or others?
Up into the big blue love it :)
Yes bought in when unheard of, plus added and topped up since. Especially last week when they dropped to 73 and 74p to buy if you were patient. Will add another 10 to 11,000 if they stay below 80p. Great share.
I guess, then, you either bought in very early or perhaps late 2019 when the price was down. Either way, well done. I've got a bit more of a wait ;)
I am at a very nice profit… thanks BBB )
This was a good solid RNS thanks BoD keep up the efforts and remembering us shareholders!
I'm not so sure. Simply Wall St, having previously expected BBB to break even this year, yesterday forecast a profit of £12.3m but not until 2022, which will require annual earnings growth of 63% to hit schedule.
BBB is cashed up and Australia and Norway profitable. I just cant see why it would remain AIM listed split with two entities in different markets. I think they will sell one and then the other and redistribute the funds to shareholders. The biggest being the Directors and serious investors. Should be plenty of dividend to pay and expect another to come 1st quarter next year a 5-10p I cant see them trying to purchase something else but we will all make a tidy return. Hold for the final reckoning...