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
Research Tree provides access to ongoing research coverage, media content and regulatory news on Bigblu Broadband plc.
We currently have 49 research reports from 4
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
Vodafone will combine its subsidiary Vodafone India (excluding its 42% stake in Indus Towers) with Idea, which is listed on the Indian Stock Exchange.
The implied EVs are $12.4bn for Vodafone India and $10.8bn for Idea.
This is a merger of equals with joint control of the combined company between Vodafone and the Aditya Birla Group (which controls Idea), governed by a shareholders’ agreement. Vodafone will indeed own 45.1% of the combined company after transferring a stake of 4.9% to the Adity
Companies: Vodafone Group Plc
FY20 results: inline with guidance
Companies: Trakm8 Holdings PLC
CAP-XX Ltd* (CPX.L, 4.5p/£19.9m) | Gfinity plc* (GFIN.L, 3.8p/£28.9m) | MTI Wireless Edge Ltd* (MWE.L, 44p/£38.7m) | Newmark Security plc* (NWT.L, 1.175p/£5.5m)
Companies: CPX GFIN MWE NWT
The Budget offered a clear picture of the state of the economy. Put simply, the economy will be 3% smaller in three years’ time than it would have been without the impact of the pandemic. However, it is forecast to return to pre-pandemic levels by mid-2022, six months earlier than previously thought. The OBR forecasts that the UK economy will grow by 4.1% in 2021, (lower than the 5.5% outlined in November 2020). It has set its GDP forecasts in 2022, 2023 and 2024 at 7.3%, 1.7% and 1.6%. Positive
Companies: AMYT ARBB CEG BVC BEG BRSD BWNG CBOX CTG CLG CML CWK EYE ECHO EML ESC FBD FA/ GSF HTWS INSE JDG MACF MTW NESF NAVF NSF NBI OTMP PCF PPC QFI SAVE SEN SNX TGL UTL VLS WYN
At first sight a reassuring release with a correct EBITDAaL outlook… if there was not a worrying detail: capex will be higher than expected. The stock was indeed down by 5% this morning.
Capex should indeed grow by 6% yoy in 2021/22 but, as for most telcos, this is for a good cause. Certainly the dividend should remain flat for 2021/22 but, given its current 7.5% dividend yield, we maintain our Buy recommendation on this stock with increasingly solid German fundamentals.
Calnex Solutions has announced record results for FY21 following customer orders up across all product types and within all regions, with FY21 revenue up 31% to £18.0m and adjusted PBT up 43% to £5.1m. Calnex has firmly established a trusted reputation worldwide, launching multiple first to market telecoms and network testing solutions. Calnex continues to accelerate its investment in R&D and expand its product roadmap, adding increased engineering, sales and customer support capacity in order t
Companies: Calnex Solutions Plc
FY21 results overview and outlook
In line results demonstrate an impressively robust performance, where for instance Managed Services sales (81%/Group) are down just -3% y/y. What’s more, by achieving +8% Managed Services sequential growth, trading visibly improved through FY21 and so points to even better prospects for FY22. ADT also made strategic progress - growing ‘Cloud Centric services’ revenue notwithstanding Covid (now ~43%/sales), driven by ADT‘s deep domain expertise in Education, resulting in the Group providing new r
Companies: AdEPT Technology Group Plc
COVID-19 cases have recently increased in Europe, with the delta variant rapidly spreading across the region even in the context of good vaccination levels. Given the increase in cases, we think testing will continue to be important as the vaccines aren’t 100% effective and there is always the risk of vaccine escape variants. Following the rapid development of a COVID-19 diagnostic tests (a validation of the Bio-Medical investment strategy, in our view) BATM has continued to innovate and has dev
Companies: BATM Advanced Communications Ltd.
Back on Trak
Pebble Beach continues to thrive in a post-COVID market, delivering robust performance and improved profitability alongside continuing product development. 1H21 orders are up to £6.4m, +64% compared with 1H20 (£3.9m), +26% excluding COVID-related delays; and +23% against the last ‘normal’ 1H in 2019 (£5.2m). With customer investment decision-making beginning to return to normal, Pebble has enabled the broadcast market’s realisation of the need for digitisation with further portfolio enhancement
Companies: Pebble Beach Systems Group PLC