Bigblu Broadband (BBB)

Sector:

IT Services

Index:

FTSE AIM All-Share

28.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 45.00p
  • 52 Week Low: 24.15p
  • Currency: UK Pounds
  • Shares Issued: 58.72m
  • Volume: 313,717
  • Market Cap: £16.44m

Bigblu losses widen on increased distribution and administrative expenses

By Iain Gilbert

Date: Thursday 30 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Bigblu Broadband saw losses widen in the first half of its trading year, but told investors that there was still ample room to take advantage of global growth opportunities following the launch of its new super-fast satellite broadband services.
Operating losses widened 56.6% to £4.7m for the six months ended 31 May; however, revenue increased 21% to £25.1m as Bigblu's total number of customers increased 37% to roughly 123,000, while the firm's average revenue per user increased 1.3% to £41.3.

Bigblu attributed the loss to an 18% increase to £6.6m in distribution and administrative expenses related to acquisitions made last year.

EBITDA expanded 37% to £2.8m

Andrew Walwyn, Bigblu's chief executive, said: "The company looks forward to the remainder of the current financial year as the improved systems, largely fixed cost structure, deep relationships and global footprint underpin continued revenue growth and profit expectations for the 12 months to 30 November 2018."

Bigblu cut its net debt by 28.7% to £9.4m.

As of 1115 BST, Bigblu shares had climbed 8.64% to 116.25p.

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BBB Market Data

Currency UK Pounds
Share Price 28.00p
Change Today -2.50p
% Change -8.20 %
52 Week High 45.00p
52 Week Low 24.15p
Volume 313,717
Shares Issued 58.72m
Market Cap £16.44m

BBB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.52% below the market average7.52% below the market average7.52% below the market average7.52% below the market average7.52% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
14.94% below the market average14.94% below the market average14.94% below the market average14.94% below the market average14.94% below the market average
3.53% below the sector average3.53% below the sector average3.53% below the sector average3.53% below the sector average3.53% below the sector average
Income Not Available
Growth
26.49% above the market average26.49% above the market average26.49% above the market average26.49% above the market average26.49% above the market average
13.92% above the sector average13.92% above the sector average13.92% above the sector average13.92% above the sector average13.92% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BBB Dividends

  Latest Previous
  Special Final
Ex-Div 01-Oct-21 n/a
Paid 20-Oct-21 n/a
Amount 45.00p 0.000p

Trades for 25-Apr-2025

Time Volume / Share Price
16:10 34,500 @ 29.00p
16:08 29,489 @ 26.97p
15:48 26,500 @ 27.55p
16:26 5,000 @ 29.00p
15:51 8,807 @ 27.60p

BBB Key Personnel

CEO Francis (Frank) Vincent Waters

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