Profit taking

In reviewing my current book, there are a couple of stocks I have either sold down, or plan to sell down in the near future:   AMM: I have now fully exited my position in AMM.  There is likely to still be good growth but with the recent price appreciation I’m happy to book a … More Profit taking

BigAir – The growth story continues, on track for maiden dividend (BGL)

BigAir posted their HY12 numbers today, and even though I’m a true believer, I was still impressed by BigAir’s excellent result.  Let’s review: Revenue up 115% to $10.97M EBITDA up 161% to $4.57M NPAT up 211% to $1.97M Cashflow up 57% to $3.78M   Additionally, as at December 31, BigAir’s cash reserves sat at $4.1M. … More BigAir – The growth story continues, on track for maiden dividend (BGL)

BigAir full year numbers for FY11 (BGL)

BigAir confirmed earlier guidance by releasing preliminary full-year numbers. With revenue of $15.5m, BigAir’s EBITDA of $5.4m (up 69%) exceeded guidance of $5.2M with operating cashflow of $5m up 72%.  BGL’s balance sheet is rock solid, with no debt, $2.8m cash, and more integration synergies to follow.  Another important figure to note is annualised EBITDA … More BigAir full year numbers for FY11 (BGL)

Speculation of Vocus bid for BigAir (BGL, VOC)

Recently the Australian Financial Review has printed rumours that wholesale telecoms operator Vocus Communications (VOC) is eyeing BigAir as a potential acquisition target.  Vocus have made data centre and fibre acquisitions recently, and Vocus’ wholesale business focus would make it an appropriate home for a company like BigAir, whose main channel to the market is … More Speculation of Vocus bid for BigAir (BGL, VOC)

BigAir increased earnings guidance for FY11 (BGL)

Today after the market close, BGL announced a significant increase to EBITDA guidance for FY2011 up 30%, from $4m to $5.2m.  Much of this uplift results from the contribution of the CVA and AccessPlus acquisitions. Because BGL’s revenues are largely from subscription services, the current annual EBITDA run rate is $7.5m, which should grow well above … More BigAir increased earnings guidance for FY11 (BGL)