I am starting to wonder again whether Beam shouldn't put itself up for sale in 2023?
Clearly the ASX market is not valuing the business very highly.
A trade sale to interested parties could: - Leverage strong Q1 results - Highlight the strong global growth of ZOLEO subs - Comes with a contract for a minimum or $12m in Certus equipment sales starting now - Trade sale should target a relevant global business, starting with Iridium, but more likely an equipment manufacturer - Roadpost could buy out our share of the ZOLEO JV if the players above didn't want that, extracting maximum value here - SatPhoneShop could be sold off separately to a local player
The Board and Management need to do a better job extracting value for shareholders while the business is performing strongly. If they can't do it on the ASX, put the business, or the key parts of it, up for sale.
BCC Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)