Bigblu Broadband (BBB)

Sector:

IT Services

Index:

FTSE AIM All-Share

 78.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 135.00
  • 52 Week Low: 69.20
  • Currency: UK Pounds
  • Shares Issued: 58.33m
  • Volume: 76,368
  • Market Cap: £45.49m
  • Beta: 0.70

Bigblu Broadband disposes of holding in Quickline

By Josh White

Date: Friday 11 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Bigblu Broadband announced on Friday that it had satisfied all conditions relating to the disposal of its holding in Quickline to funds managed by Northleaf Capital Partners, with the disposal completed on 10 June.
The AIM-traded firm said the transaction valued its shareholding in Quickline at up to £48.6m, equivalent to around 84p per Bigblu ordinary share.

Total cash consideration would be up to £41.1m, of which £31.1m gross had now been received, with a further £10.1m expected as deferred contingent consideration, subject to certain performance conditions being met by 31 March 2022.

Another £5.6m was being satisfied in loan notes on completion, with an option to partially convert to equity, and an additional award of notes of up to £1.8m would subject to the conditions of the deferred contingent consideration also being met.

Should the above options be exercised, Bigblu said it would have an 8% stake in the ongoing business.

The board said it would now review the steps needed to return any surplus cash to shareholders within the current financial year.

"We are delighted to have completed the transaction, which provides a significant return on investment and strengthens our balance sheet at the same time as further validating the value proposition of our buy and build strategy," said chief executive officer Andrew Walwyn.

At 1507 BST, shares in Bigblu Broadband were down 1.04% at 113.8p.

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

 

BBB Market Data

Currency UK Pounds
Share Price 78.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 135.00
52 Week Low 69.20
Volume 76,368
Shares Issued 58.33m
Market Cap £45.49m
Beta 0.70

BBB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.83% below the market average29.83% below the market average29.83% below the market average29.83% below the market average29.83% below the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
83.7% below the market average83.7% below the market average83.7% below the market average83.7% below the market average83.7% below the market average
74.77% below the sector average74.77% below the sector average74.77% below the sector average74.77% below the sector average74.77% below the sector average
Income Not Available
Growth
25.98% below the market average25.98% below the market average25.98% below the market average25.98% below the market average25.98% below the market average
50.52% below the sector average50.52% below the sector average50.52% below the sector average50.52% below the sector average50.52% below the sector average

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 07-Dec-2021

Time Volume / Share Price
14:02 614 @ 78.50p
13:10 10,000 @ 77.79p
12:32 1,385 @ 77.78p
12:14 4,011 @ 77.77p
11:12 17 @ 77.77p

BBB Key Personnel

CEO Andrew Roy Walwyn
CFO Francis (Frank) Vincent Waters

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