Shares

Bigblu Broadband confident in growth prospects following restructure

Bigblu Broadband (AIM: BBB) expressed that it was ‘increasingly confident’ regarding the growth prospects of the group following a restructuring.

Hailing 2020 as a ‘transformational year’ for the group, BBB noted that trading was in line with expectations and that it has made a string of disposals at ‘extremely attractive’ prices as well as reconstituted its debt facilities.

As it posted revenues of £27m and adjusted EBITDA of £6m, the alternative broadband provider added it is now focused on increasing shareholder returns by focusing on its Australian operations (Skymesh Pty Limited), majority interest in Quickline (QCL Holdings Limited) and its Nordics business (Bigblu Norge AS).

Commenting on the prospects for BBB was CEO Andrew Walwyn:

“We have a clear direction of travel for our operations, with significant scope to generate further shareholder value as we take advantage of the various growth opportunities in each territory. Having restructured the business during the period, it is clear to see the strong growth trajectory of the Continuing Group, which performed extremely well despite the wider market issues.”

The share price of BBB is currently trading at 102p prior to the market’s open.

Let's Talk

Argo Blockchain Share Price Predi …0.80p :D. Just kidding. Will rise after placing, always do. No rea … Read More
Remote Monitored Systems shares - …Hahahaha. The RMS patrol are still out and about - just sell out o … Read More
What shares is everyone buying no …Cine I know it's a risky but its got a lot of volume. BP on t … Read More
The rise of the COVID stocks revi …Tough shout with SNG but it doesn't seem to have long to get … Read More
Massive ODX overreaction?Seems like someone has a big axe to grind with the UK RTC or the g … Read More
Hey, profit awaits! Free Sharebuyers Newsletter

Receive the hottest share tips and information you can profit from. Twitter: @ShareBuyers.