Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-07
BLU.JO [bullish]
Blu Label Unlimited Group Limited
+99.66%
current return
Author Info
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Company Info
Blu Label Unlimited Group Limited provides prepaid products and distributes virtual electronic merchandise in South Africa and internationally.
Market Cap
ZAR 7.7B
Pitch Price
ZAR 4.25
Price Target
N/A
Dividend
10.32%
EV/EBITDA
-2.43
P/E
-2.61
EV/Sales
0.55
Sector
Diversified Telecommunication Services
Category
turnaround
SaltLight Worldwide Flexible Fund Portfolio Holding: Blue Label Telecoms Limited
BLU.JO: Competition Commission approval for Cell C control simplifies financials. New mgmt transformed Cell C, favorable MTN roaming deal. Consolidated external debt repayment in Q3 key to shareholder returns. Cell C breakeven + BLU's excess FCF could lead to significant buybacks, boosting EPS & valuation.
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