Market's view on Bigblu Broadb.
Published on April 2024
- The financial results for the year ending 30 November 2023 are expected soon.
- Christopher Mills has increased his ownership to 25.48%, raising questions about his intentions.
- A non-executive director (NED) has been purchasing shares, now controlling over 25%.
- BigBlu is considered to offer compelling value and significant free cash flow.
- There is speculation about a potential sale of Quickline and Norway assets to fund acquisitions in Australia, with a possible ASX listing being considered.
- The company’s strategy includes exploring all options to maximise shareholder value, particularly regarding its Skymesh subsidiary.
- Recent trading suggests that the share price might have been influenced by a recommendation from Simon Thompson, with potential for a significant increase if Skymesh is spun out.
- There is a general consensus that the company’s Nordic business is recovering.
- Financial results indicate that the company might be shifting towards becoming an investment company with minority stakes in growing telecoms.
- Skymesh is thought to be undervalued, with predictions of a higher valuation upon a potential IPO in Australia.
- Recent articles and discussions hint at growing interest in the stock, with increased trading volume noted.