Bigblu’s trading statement confirmed an H2 performance in line with expectations. Actions to cleanse the customer base should yield operational benefits over time and the above consensus year-end net debt figure (£14m vs £9m) primarily reflected a Brexit-driven inventory build that should reverse in the next few months. Bigblu remains confident in FY20 consensus (see below), which implies an acceleration in revenue growth.
06 Dec 2019
Bigblu Broadband - H219 trading in line, confident in FY20
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Bigblu Broadband - H219 trading in line, confident in FY20
Bigblu Broadband plc (BBB:LON) | 37.5 0 0.0% | Mkt Cap: 22.0m
- Published:
06 Dec 2019 -
Author:
Dan Gardiner -
Pages:
2
Bigblu’s trading statement confirmed an H2 performance in line with expectations. Actions to cleanse the customer base should yield operational benefits over time and the above consensus year-end net debt figure (£14m vs £9m) primarily reflected a Brexit-driven inventory build that should reverse in the next few months. Bigblu remains confident in FY20 consensus (see below), which implies an acceleration in revenue growth.