Bigblu Broadband slumps as it mourns wider annual loss
2nd Jun 2025 14:22
(Alliance News) - Bigblu Broadband PLC on Monday reported a wider pretax loss in financial 2024, after disposing of its Australian and Norwegian businesses. Read More
(Alliance News) - Bigblu Broadband PLC on Monday reported a wider pretax loss in financial 2024, after disposing of its Australian and Norwegian businesses. Read More
Bigblu Broadband PLC - The broadband services provider formerly called formerly Satellite Solutions Worldwide Group PLC - announces plans to return up to GBP6.1 million to shareholders through a tender offer for up to 15.3 million shares at 40 pence each. This follows Bigblu's announcement in December of the completion of the sale of Australian subsidiary SkyMesh, upon which it received a cash payment of AUD30.0 million or around GBP14.9 million. At around that time, Bigblu had disclosed its intention to "return any surplus cash to shareholders". The tender offer is being effected by Cavendish, the company's corporate broker. Read More
(Alliance News) - Stock prices in London were mostly higher at midday on Monday, ahead of US manufacturing PMI data due in the afternoon. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - Stock prices in London were mostly edging higher at midday on Tuesday, as US voters get ready to head to the polls and following news of weakened UK service sector growth. Read More
Bigblu Broadband PLC - London-based broadband service provider - Confirms in response to Australian media reports that it is in discussions with Melbourne-based alternative investment manager Salter Brothers for a deal involving subsidiary SkyMesh. Says the potential transaction "is in line with the board's stated strategy to assess all options to realise value and maximise returns for shareholders from its operating assets". SkyMesh, which provides internet connectivity services to customers in regional and rural Australia, is headquartered in Brisbane. Sydney-based newspaper Australian Financial Review on Tuesday reported that BigBlu entered into exclusive terms to fully sell SkyMesh to Salter Brothers. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Bigblu Broadband PLC on Monday reported decreased revenue and a pretax loss for its latest year, and announced the sale of its Norway operations. Read More
(Alliance News) - Bigblu Broadband PLC on Tuesday said its interim loss widened as a result of upped costs but reported a slight increase in revenue. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Bigblu Broadband PLC - London-based provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics - Says revenue for the six months ending on May 31 is expected to be about GBP14.9 million, unchanged from a year prior. Says progress is seen on all business units in terms of product offerings and costs reduction. Adjusted earnings before interest, tax, depreciation and amortisation rises 3.2% to GBP2.1 million from GBP2.0 million a year before. Like-for-like revenue growth on a constant currency basis, however, is down to 3.1% from 15% in the comparative period. Looking ahead, says it is well-positioned for the second half of the financial year. Read More
(Alliance News) - Bigblu Broadband PLC on Monday said its annual loss widened despite revenue increasing as costs increased, while it said it remained confident in its future growth prospects. Read More
Bigblu Broadband PLC - Provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics - Says that its fully-owned Australian business, SkyMesh PTY Ltd, has bought the satellite operations of Harbour ISP PTY Ltd. The total cash consideration was AUD4.72 million, or GBP2.7 million. This included a retention of AUD200,000, to be paid March 2023 post reconciliation of customer numbers. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Bigblu Broadband PLC on Monday said its wholly owned Australian subsidiary SkyMesh has bought the satellite operations of Uniti Group subsidiary Harbour ISP for AUD5.2 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Bigblu Broadband PLC - Bicester, Oxfordshire-based rural broadband services provider - Reports revenue of GBP14.9 million in the six months ending May 31, up 14% from GBP13.1 million the previous year. Like-for-like revenue growth on a constant currency basis was 15%. Adjusted earnings before interest, tax, depreciation and amortisation grows to GBP2.0 million from GBP1.3 million. Total customers at the end of the half stands at 60,400, up from 58,300 a year prior. Read More