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Bigblu Broadband plc ( (GB:BBB) ) just unveiled an announcement.
Bigblu Broadband plc has announced its intention to cancel the admission of its ordinary shares to trading on AIM, re-register as a private limited company, and adopt new articles of association. This decision, subject to shareholder approval, is driven by the costs and constraints of maintaining its AIM listing, which the board no longer finds justified given the company’s current size and position. The cancellation will result in the company no longer being subject to AIM rules and regulations, affecting shareholders’ ability to trade shares publicly and the company’s reporting obligations.
The most recent analyst rating on (GB:BBB) stock is a Hold with a £19.00 price target. To see the full list of analyst forecasts on Bigblu Broadband plc stock, see the GB:BBB Stock Forecast page.
Spark’s Take on GB:BBB Stock
According to Spark, TipRanks’ AI Analyst, GB:BBB is a Neutral.
Bigblu Broadband plc’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and severe cash flow issues. Technical analysis indicates a bearish trend, with the stock trading below key moving averages. The valuation is also a concern, with a negative P/E ratio and no dividend yield, making the stock less attractive to investors.
To see Spark’s full report on GB:BBB stock, click here.
More about Bigblu Broadband plc
Bigblu Broadband plc is a company focused on supporting its retained shareholdings in Skymesh and Quickline to realize value for its shareholders, as well as enhancing its Starlink performance. The company has trading operations in New Zealand, a subsidiary controlling the distribution of Starlink, and significant shareholdings in Quickline Communications and SKM Telecommunication.
Average Trading Volume: 34,066
Technical Sentiment Signal: Sell
Current Market Cap: £8.07M
See more data about BBB stock on TipRanks’ Stock Analysis page.