Brave Bison Group (BBSN)

Sector:

IT Services

Index:

FTSE AIM All-Share

2.40p
   
  • Change Today:
    -0.075p
  • 52 Week High: 2.88
  • 52 Week Low: 1.53
  • Currency: UK Pounds
  • Shares Issued: 1,288.15m
  • Volume: 452,084
  • Market Cap: £30.92m

Brave Bison trades 'significantly below' expectations

By Iain Gilbert

Date: Friday 22 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Social video company Brave Bison expects to report a slightly narrowed underlying loss in 2019 despite forecasting a 23.8% drop in revenues.
Brave Bison told investors on Friday that it was on track to report a £700,000 EBITDA loss for the current year - significantly below market expectations.

The AIM-listed group, which anticipates revenues dropping from £21.0m to £16.0m, said its performance was driven by the continued impact of adapting to Facebook's new publishing policies and a second-half shortfall in its APAC branded content division.

In recognition of its over-reliance on Facebook and as part of the re-organisation of the business, Brave Bison said it had seen significant revenue growth in other platforms such as Snapchat and YouTube.

However, the more than 30% growth in non-Facebook sales during the year was not enough to offset the Facebook revenue decline, leading the group to review its cost base and make savings by restructuring its UK commercial and creative teams and close its studio facility.

Separately, Brave Bison revealed chairman Robin Miller had opted to stand down from the role, with effect from 31 December.

Miller said: "I have enjoyed my tenure as chairman, despite some of the challenges the company has faced.

"The business has great potential not yet reflected in the share price, but I am confident that under Kate Burns it soon will be."

As of 0900 GMT, Brave Bison shares had sunk 12.68% to 1.27p.

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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 2.40p
Change Today -0.075p
% Change -3.03 %
52 Week High 2.88
52 Week Low 1.53
Volume 452,084
Shares Issued 1,288.15m
Market Cap £30.92m

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 12-Jul-2024

Time Volume / Share Price
16:35 62,166 @ 2.40p
16:35 166 @ 2.40p
16:35 62,000 @ 2.40p
16:12 2,718 @ 2.43p
15:50 235,915 @ 2.40p

BBSN Key Personnel

CFO Philippa Norridge

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