Companies: BLV BBB PCIP
Companies: Bigblu Broadband plc
BBB has announced H1 results with +16% organic revenue growth for its continuing operations of Australasia and the Nordics, and announced that it will return c£26m of capital by October 2021 following the disposal of Quickline in June 2021. For the continuing operations, H1 21 revenue grew to £13.1m from £10.6m, with 93% of H1 21 revenue from recurring broadband airtime revenue. Australasia’s +31% H1 organic revenue growth drove the group’s strong performance, while BBB has accelerated its Nordi
Companies: Universe Group PLC (UNG:LON)Bigblu Broadband plc (BBB:LON)
Companies: PHTM UNG BBB
Bigblu Broadband has today announced the sale of its 52.7% stake in Quickline to Northleaf for a maximum initial consideration to BBB of up to £48.6m, including £31.1m in cash upon completion. The transaction implies a Quickline equity value of £92.1m, and represents a highly attractive valuation for BBB, with Quickline valued on FY20 financials at 24x EV/Sales or 59x EV/EBITDA, and 12-month forward 11x EV/Sales and 23x EV/EBITDA based on our previous Quickline forecasts. It values Quickline on
Companies: ELCO IDP PMG PPC BBB
BBB has reported strong FY20 results, with revenue of £27.2m +1% ahead of our previous estimate, adjusted EBITDA of £6.2m +2% ahead, and net cash of £7.4m ahead of our previous estimate of £7.2m. The FY20 results highlight a transformational 18 months for BBB, in which it has sold its UK and European satellite assets to Eutelsat for up to £39m in cash, and simplified its balance sheet by exiting its 2016 BGF debt. BBB is now focused on three core assets that provide it with an excellent foundati
Companies: COG KBT AGL ACC BBB
Companies: BOTB COG CHAR MPE PHD QTX IQG BBB
Companies: LOK PPC BBB
BBB has announced that it is expanding into New Zealand from its highly successful Australian hub. It has signed an exclusive agreement with satellite operator Kacific to resell capacity on the Kacific1 satellite in New Zealand, and if there are attractive opportunities, BBB could also expand into neighbouring countries with Kacific. In New Zealand, BBB will offer download speeds of up to 75 Mbps to over 100k premises that are outside of the country’s fibre rollout due to its challenging topogr
Cellular Goods a UK-based provider of premium consumer products based on biosynthetic cannabinoids announced its intention to join the main market (standard) this spring. Target valuation £20m raising c. £8m “to finalise the development and launch of a range of the Company's premium-quality consumer products based on biosynthetic cannabinoids, which is fully compliant under UK law.” Kanabo Group (RTO by Spinnaker Opportunities SOP.L) on the main market (standard). Raising £6m, enlarged mkt cap £
Companies: BBB YGEN ELIX SPA GGP BEM PRP ARO NAPS LTG
Quickline has today announced that it has joined CityFibre’s full fibre networks so that it can provide ultrafast broadband to homes in Doncaster, Leeds, Huddersfield, and Batley & Dewsbury in 2021. These urban areas are all adjacent to where Quickline will have its own fibre-backed wireless infrastructure, and to provide a retail broadband service to subscribers, Quickline will wholesale access to CityFibre’s network. This will see Quickline manage its marketing and customer relationships in th
Companies: BYOT HDD PPC BBB ORPH
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Calnex Solutions has announced that due to continued strong levels of trading throughout H1/22, expected to be maintained in H2/22, FY22E revenue and profitability are anticipated to be materially ahead of expectations. We have consequently upgraded our PBT forecasts for FY22E and FY23E by 27.2% and 20.4% to £5.6m and £6.0m respectively. Calnex continues to accelerate its investment in R&D and broaden its product roadmap to benefit from the significant underlying growth drivers within the worldw
Companies: Calnex Solutions Plc
Wickes to demerge from Travis Perkins and list on the Main Market. Expected 28 April. Advance Energy to complete an RTO on AIM indirectly acquiring up to 50% of Carnarvon Petroleum Timor which holds a 100 per cent. working interest and is the contractor under the Buffalo PSC, offshore Timor-Leste. Carnarvon Petroleum Timor is a subsidiary of ASX listed company, Carnarvon Petroleum Limited. The net proceeds of the Placing of approximately £20.01m (approximately US$27.51mm) will be used to fund
Companies: GOOD FIH SRT NFC RFX ARCM ACRL EQLS ORPH VRS
Vodafone released this morning a solid Q1 in terms of revenue, a good performance that is quite logical however as there is partial recovery compared to Q2 20.
Remember, the key point which had worried the market three months ago with the annual release was that free cash flow would be only €5.2bn for 2021/22 vs €5bn in 2020/21 but vs €5.7bn in 2019/20. Vodafone has confirmed this number this morning.
We maintain our Buy opinion on the stock.
Companies: Vodafone Group Plc
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
Companies: AMYT BAG BVC BRSD CLG CML FBD GDWN INV MACF MNZS MIO NRR NSF NBI MATD PREM QFI RUA SCS STVG SUR SNX UPGS VAST VLS
Gamma continues to produce consistently good results with these interims reflecting a strong business performance in both the UK and European businesses. We increase estimates by c. 2% to reflect updated guidance and note the positive outlook comments in the announcement. The European business continues to evolve its footprint as the Group looks to accelerate the long-term growth in its Cloud PBX business. Margins are settling into a more consistent level in the UK Indirect business while mix, i
Companies: Gamma Communications PLC
CAP-XX Ltd* (CPX.L, 5.8p/£29.5m) Finals: Sales order book up more than 160% (29.09.21) | MTI Wireless Edge Ltd* (MWE.L, 70p/£62.0m) Contract win: MTI Summit secures multi-year customer agreement (30.09.21) | Mirada plc* (MIRA.L, 65p/£5.8m) Finals: Considerable pipeline of sales opportunities (29.09.21)
Companies: CPX MWE MIRA MBT
Cyanconnode has released a strong trading update, highlighting the material jump in activity we factor into our forecasts. The Company is delivering on growth opportunities despite the challenges associated with COVID and global supply chains and expects to meet market expectations for the year. We remain buyers.
Companies: CyanConnode Holdings plc
*A corporate client of Hybridan LLP
Bens Creek Group (BEN.L) has joined AIM. Bens Creek, together with its subsidiaries, will, on Admission, own and operate a metallurgical coal mine located on 10,000 acres in the southern part of the state of West Virginia and eastern edge of the Commonwealth of Kentucky, in the central Appalachian Basin of the eastern United States of America. The mine's operations are located primarily in Mingo County, West Virginia. The mine includes a wash plant
Companies: CYAN LEX SCLP SEMP TEK TENG
Alongside the multiple new contracts signed in fiscal 1H, CyanConnode’s smart meter intelligent module shipments continued to accelerate during the period. 315,000 modules were shipped, versus 92,000 in the same period last year and 481,000 for the entirety of FY’21. 1H’22 revenue came in at £4.1m, almost three times the comparative 1H’21 figure of £1.5m. The potentially immense market opportunity is starting to translate into large orders, accelerating shipment volumes, exceptionally strong rev