Brave Bison Group (BBSN)

Sector:

IT Services

Index:

FTSE AIM All-Share

2.23p
   
  • Change Today:
    -0.18p
  • 52 Week High: 2.88
  • 52 Week Low: 1.53
  • Currency: UK Pounds
  • Shares Issued: 1,288.15m
  • Volume: 3,161,271
  • Market Cap: £28.66m

Brave Bison projects first breakeven year since floating on AIM

By Iain Gilbert

Date: Wednesday 05 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Social video company Brave Bison has forecast double-digit revenue growth in excess of expectations as the group turns EBITDA-positive for the first time since its admission to AIM back in 2013.
Brave Bison, which set off on a mission of making the company profitable back in 2017, said its improved results were principally driven by increased advertising and distribution revenues.

Being EBITDA positive does not mean that the company is profitable on a statutory basis, but as of 30 November, Brave Bison had £5.1m in cash and equivalents on hand with no overdraft or other borrowings. The group expects to be cash positive despite the heavy investment made into strategic initiatives.

The AIM-listed firm used its cash reserves to invest in organic growth during the current financial year - a strategy which led to it become the most viewed network and creator page on Facebook during October.

Chief executive Claire Hungate, said: "2018 is on track to be a year of real progress, which we expect to be reflected in an improved financial performance when we announce our results."

"Revenues are growing, our full-year EBITDA will be positive for the first time since the group came to market and we expect to be cash flow positive."

As of 0920 GMT, Brave Bison shares had shot up 17.06% to 1.99p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BBSN Market Data

Currency UK Pounds
Share Price 2.23p
Change Today -0.18p
% Change -7.29 %
52 Week High 2.88
52 Week Low 1.53
Volume 3,161,271
Shares Issued 1,288.15m
Market Cap £28.66m

BBSN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.72% below the market average4.72% below the market average4.72% below the market average4.72% below the market average4.72% below the market average
75.90% above the sector average75.90% above the sector average75.90% above the sector average75.90% above the sector average75.90% above the sector average
Price Trend
45.32% above the market average45.32% above the market average45.32% above the market average45.32% above the market average45.32% above the market average
36.26% above the sector average36.26% above the sector average36.26% above the sector average36.26% above the sector average36.26% above the sector average
Income Not Available
Growth
65.35% above the market average65.35% above the market average65.35% above the market average65.35% above the market average65.35% above the market average
32.53% above the sector average32.53% above the sector average32.53% above the sector average32.53% above the sector average32.53% above the sector average

BBSN Dividends

No dividends found

Trades for 15-Jul-2024

Time Volume / Share Price
14:48 59,695 @ 2.30p
14:05 35,445 @ 2.23p
14:04 40,000 @ 2.26p
14:02 12 @ 2.40p
14:00 60 @ 2.30p

BBSN Key Personnel

CFO Philippa Norridge

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