Brave Bison (formerly Rightster) has announced a strong H1, in line with the recent update and clearly at least on track for our full-year forecasts. The group is benefiting from strong revenue growth (up 38% y/y) and tight cost control, giving outperformance in terms of reduced EBITDA losses and betterthan-expected cash. We alter our forecasts to reflect a change in mix of spend (and more-prudent approach to capitalisation of costs) but the only underlying change is an upgrade to forecast ca
31 Aug 2016
H1 ahead of plan; momentum strong
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H1 ahead of plan; momentum strong
Brave Bison Group Plc (BBSN:LON) | 78.5 -1.2 (-1.9%) | Mkt Cap: 80.3m
- Published:
31 Aug 2016 -
Author:
Gareth Evans -
Pages:
3 -
Brave Bison (formerly Rightster) has announced a strong H1, in line with the recent update and clearly at least on track for our full-year forecasts. The group is benefiting from strong revenue growth (up 38% y/y) and tight cost control, giving outperformance in terms of reduced EBITDA losses and betterthan-expected cash. We alter our forecasts to reflect a change in mix of spend (and more-prudent approach to capitalisation of costs) but the only underlying change is an upgrade to forecast ca