Brave Bison Group (BBSN)

Sector:

IT Services

Index:

FTSE AIM All-Share

2.62p
   
  • Change Today:
      0.092p
  • 52 Week High: 2.88
  • 52 Week Low: 1.53
  • Currency: UK Pounds
  • Shares Issued: 1,288.15m
  • Volume: 97,106
  • Market Cap: £33.71m

Brave Bison inks new £3m facility with Barclays

By Josh White

Date: Monday 07 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Social and digital media company Brave Bison Group has entered an agreement with Barclays for a new £3m revolving credit facility, it announced on Monday.
The AIM-traded firm said the facility had a term of three years, with an interest margin of 2.75% over base rate.

It said it was already "well-capitalised", having reported gross cash of £5.4mn and net cash of £4.8mn as at 30 June.

The facility would provide additional resources with which to pursue its strategy of acquiring complementary businesses in the digital media, marketing and technology industries, the board explained.

"Brave Bison's diversified business model is now able to support modest leverage of approximately 1x underlying earnings," said chairman Oliver Green.

"For new acquisitions we will be utilising our substantial cash balances in the first instance, followed by revolving credit facility drawings as required.

"The more challenging investment environment has reduced valuations across the industry, and we are seeing a number of exciting and accretive opportunities."

At 0904 GMT, shares in Brave Bison Group were up 8.69% at 2.28p.

Reporting by Josh White for Sharecast.com.

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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 2.62p
Change Today 0.092p
% Change 3.63 %
52 Week High 2.88
52 Week Low 1.53
Volume 97,106
Shares Issued 1,288.15m
Market Cap £33.71m

BBSN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.94% below the market average10.94% below the market average10.94% below the market average10.94% below the market average10.94% below the market average
80.25% above the sector average80.25% above the sector average80.25% above the sector average80.25% above the sector average80.25% above the sector average
Price Trend
73.75% above the market average73.75% above the market average73.75% above the market average73.75% above the market average73.75% above the market average
64.84% above the sector average64.84% above the sector average64.84% above the sector average64.84% above the sector average64.84% above the sector average
Income Not Available
Growth
62.12% above the market average62.12% above the market average62.12% above the market average62.12% above the market average62.12% above the market average
43.53% above the sector average43.53% above the sector average43.53% above the sector average43.53% above the sector average43.53% above the sector average

BBSN Dividends

No dividends found

Trades for 13-Jun-2024

Time Volume / Share Price
08:03 97,106 @ 2.58p

BBSN Key Personnel

CFO Philippa Norridge

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