Bigblu Broadband - H219 trading in line, confident in FY20
Bigblu’s trading statement confirmed an H2 performance in line with expectations. Actions to cleanse the customer base should yield operational benefits over time and the above consensus year-end net debt figure (£14m vs £9m) primarily reflected a Brexit-driven inventory build that should reverse in the next few months. Bigblu remains confident in FY20 consensus (see below), which implies an acceleration in revenue growth.Bigblu Broadband and its subsidiaries are engaged in global telecommunications business specializing in rural, last-mile and emergency communications via satellite, wireless and associated technologies. In certain territories, Co. also offers fibre alternatives.
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