Buy Or Sell Opportunity • May 22
Now 20% overvalued Over the last 90 days, the stock has fallen 7.2% to R8.79. The fair value is estimated to be R7.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Meanwhile, the company became loss making. Annuncio • May 22
Blu Label Unlimited Group Limited to Report Fiscal Year 2026 Results on Aug 27, 2026 Blu Label Unlimited Group Limited announced that they will report fiscal year 2026 results at 4:50 PM, South Africa Standard Time on Aug 27, 2026 Buy Or Sell Opportunity • May 05
Now 22% overvalued Over the last 90 days, the stock has fallen 8.9% to R9.06. The fair value is estimated to be R7.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 01
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to R8.50. The fair value is estimated to be R7.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Mar 11
Upcoming dividend of R0.44 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 23 March 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 9.2%. Within top quartile of South African dividend payers (7.7%). Higher than average of industry peers (4.6%). Reported Earnings • Mar 02
First half 2026 earnings released: R5.56 loss per share (vs R0.44 profit in 1H 2025) First half 2026 results: R5.56 loss per share (down from R0.44 profit in 1H 2025). Revenue: R10.2b (up 44% from 1H 2025). Net loss: R5.00b (down R5.40b from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. New Risk • Feb 26
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Annuncio • Jan 09
Blu Label Unlimited Group Limited to Report First Half, 2026 Results on Feb 25, 2026 Blu Label Unlimited Group Limited announced that they will report first half, 2026 results on Feb 25, 2026 Recent Insider Transactions • Nov 27
Co-Founder recently bought R57m worth of stock On the 25th of November, Brett Levy bought around 6m shares on-market at roughly R9.50 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Brett's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R10.85, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 8x in the Telecom industry in Africa. Total returns to shareholders of 101% over the past three years. Annuncio • Oct 01
Blu Label Unlimited Group Limited, Annual General Meeting, Nov 21, 2025 Blu Label Unlimited Group Limited, Annual General Meeting, Nov 21, 2025. Annuncio • Sep 01
Blue Label Telecoms Limited Announces Resignation of Johannes Sanyana Mthimunye as Independent Non-Executive Director, Chairman of the Audit, Risk and Compliance Committee, Effective 29 August 2025 Blue Label Telecoms Limited announced that Mr. Johannes Sanyana Mthimunye has tendered his resignation as an Independent Non-Executive Director of the company and its subsidiaries, effective 29 August 2025. Mr. Mthimunye will also step down as Chairman of the Audit, Risk and Compliance Committee, as well as from all other board committees on which he served. Mr. Mthimunye has elected to step down in order to focus more fully on his role as Independent Chairman of the Board of Cell C. His transition marks a pivotal stage in the execution of Cell C's ongoing restructuring strategy, including the potential listing on the JSE. Mr. Mthimunye has been a valued member of the Blue Label board for over a decade, during which time he has made a significant and lasting contribution to the governance and strategic direction of the group. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: R2.77 (vs R0.72 in FY 2024) Full year 2025 results: EPS: R2.77 (up from R0.72 in FY 2024). Revenue: R14.1b (down 1.0% from FY 2024). Net income: R2.48b (up 284% from FY 2024). Profit margin: 18% (up from 4.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • Aug 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). High level of non-cash earnings (34% accrual ratio). Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to R13.08, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 8x in the Telecom industry in Africa. Total returns to shareholders of 109% over the past three years. Annuncio • Aug 07
Blue Label Telecoms Limited to Report Fiscal Year 2025 Results on Aug 27, 2025 Blue Label Telecoms Limited announced that they will report fiscal year 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R9.90, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 8x in the Telecom industry in Africa. Total returns to shareholders of 121% over the past three years. Reported Earnings • Feb 26
First half 2025 earnings released: EPS: R0.44 (vs R0.46 in 1H 2024) First half 2025 results: EPS: R0.44 (down from R0.46 in 1H 2024). Revenue: R7.12b (down 4.4% from 1H 2024). Net income: R395.4m (down 2.7% from 1H 2024). Profit margin: 5.6% (up from 5.5% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Feb 18
Blue Label Telecoms Limited to Report First Half, 2025 Results on Feb 20, 2025 Blue Label Telecoms Limited announced that they will report first half, 2025 results on Feb 20, 2025 Annuncio • Sep 30
Blue Label Telecoms Limited, Annual General Meeting, Nov 28, 2024 Blue Label Telecoms Limited, Annual General Meeting, Nov 28, 2024. Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: R0.72 (vs R0.30 in FY 2023) Full year 2024 results: EPS: R0.72 (up from R0.30 in FY 2023). Revenue: R14.7b (down 21% from FY 2023). Net income: R647.4m (up 141% from FY 2023). Profit margin: 4.4% (up from 1.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R5.05, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 8x in the Telecom industry in Africa. Total loss to shareholders of 14% over the past three years. Reported Earnings • Feb 26
First half 2024 earnings released: EPS: R0.46 (vs R0.087 loss in 1H 2023) First half 2024 results: EPS: R0.46 (up from R0.087 loss in 1H 2023). Revenue: R7.45b (down 23% from 1H 2023). Net income: R406.4m (up R483.4m from 1H 2023). Profit margin: 5.5% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R3.85, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 12x in the Telecom industry in Africa. Total loss to shareholders of 2.5% over the past three years. New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Recent Insider Transactions • Sep 15
Co-Founder recently bought R3.8m worth of stock On the 12th of September, Mark Levy bought around 1m shares on-market at roughly R2.82 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Reported Earnings • Sep 04
Full year 2023 earnings released: EPS: R0.30 (vs R1.17 in FY 2022) Full year 2023 results: EPS: R0.30 (down from R1.17 in FY 2022). Revenue: R18.7b (up 7.4% from FY 2022). Net income: R269.0m (down 74% from FY 2022). Profit margin: 1.4% (down from 5.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Sep 03
Co-Founder exercised options to buy R4.6m worth of stock. On the 31st of August, Mark Levy exercised options to buy 2m shares at a strike price of around R3.30, costing a total of R5.5m. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. Mark currently holds 79.96m shares (0.09049267296179513 of the company). Company insiders have collectively bought R14m more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Profit margins are more than 30% lower than last year (2.3% net profit margin). Annuncio • Aug 25
Blue Label Telecoms Limited Provides Earnings Guidance for the Year Ended May 31, 2023 Blue Label Telecoms Limited provides earnings guidance for the year ended May 31, 2023. For the period, the company expects Earnings per share to be 28.13 - 32.82 cents per share. Headline earnings per share to be 39.62 - 44.31 cents per share and Core headline earnings per share to be 43.13 - 47.97 cents per share. Annuncio • Jul 08
Blue Label Telecoms Limited Appoints Happy Masondo as an Independent Non- Executive Director Blue Label Telecoms Limited advised that Ms Happy Masondo has been appointed as an independent non- executive director to the Blue Label Board and as a member of the Social, Ethics and Ms Happy Masondo is a qualified senior attorney and director, with specialist skills in renewable energy projects, information technology projects and public-private partnerships. Her expertise includes legal and regulatory project management skills including collation of relevant compliance tender documents, analysis and review of the legal and regulatory requirements. She is an experienced non-executive director and currently serves on the boards of Dis-Chem Pharmacies, Bright Light Solar VCC and is a trustee of Investec Entrepreneurship Development Trust. Annuncio • Jun 07
Blue Label Telecoms Limited Announces Resignation of Kevin Murray Ellerine from Its Board of Directors Blue Label Telecoms Limited announced that Mr. Kevin Murray Ellerine will be resigning from the board of Blue Label and its subsidiaries, as well as the Blue Label committees he served on with effect from 5 June 2023. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R4.14, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Telecom industry in Africa. Total returns to shareholders of 69% over the past three years. Reported Earnings • Feb 25
First half 2023 earnings released: R0.087 loss per share (vs R0.61 profit in 1H 2022) First half 2023 results: R0.087 loss per share (down from R0.61 profit in 1H 2022). Revenue: R9.84b (up 10% from 1H 2022). Net loss: R76.9m (down 115% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 18
Blue Label Telecoms Limited Provides Earnings Guidance for the Six Months Ended November 30, 2022 Blue Label Telecoms Limited provided earnings guidance for the six months ended November 30, 2022. For the period, the company expected earnings per share to be in the range of negative 9.95 cents to negative 7.52 cents per share. Annuncio • Jan 25
Blue Label Telecoms Limited to Report Fiscal Year 2023 Final Results on Sep 29, 2023 Blue Label Telecoms Limited announced that they will report fiscal year 2023 final results on Sep 29, 2023 Annuncio • Jan 24
Blue Label Telecoms Limited, Annual General Meeting, Nov 23, 2023 Blue Label Telecoms Limited, Annual General Meeting, Nov 23, 2023. Annuncio • Oct 01
Blue Label Telecoms Limited, Annual General Meeting, Nov 24, 2022 Blue Label Telecoms Limited, Annual General Meeting, Nov 24, 2022, at 10:00 South Africa Standard Time. Recent Insider Transactions Derivative • Sep 04
Co-Founder exercised options to buy R13m worth of stock. On the 31st of August, Mark Levy exercised options to buy 2m shares at a strike price of around R6.50, costing a total of R14m. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. Mark currently holds 77.64m shares (0.08855182030993906 of the company). This was the only transaction from an insider over the last 12 months. Reported Earnings • Aug 28
Full year 2022 earnings released: EPS: R1.17 (vs R0.92 in FY 2021) Full year 2022 results: EPS: R1.17 (up from R0.92 in FY 2021). Revenue: R17.4b (down 5.7% from FY 2021). Net income: R1.03b (up 28% from FY 2021). Profit margin: 5.9% (up from 4.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to R5.20, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 7x in the Telecom industry in Africa. Total returns to shareholders of 39% over the past three years. Buying Opportunity • Apr 08
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be R7.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 16% share price gain to R5.90, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Commercial Services industry in Africa. Total returns to shareholders of 51% over the past three years. Reported Earnings • Feb 24
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down R412.6m from profit in 1H 2021). Profit margin: (down from 4.4% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Full year 2021 earnings released: EPS R0.95 (vs R0.25 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: R18.9b (down 9.3% from FY 2020). Net income: R805.3m (up 255% from FY 2020). Profit margin: 4.3% (up from 1.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Aug 21
Blue Label Telecoms Limited Provides Earnings Guidance for the Year Ended May 31, 2021 Blue Label Telecoms Limited provided earnings guidance for the year ended May 31, 2021. For the year, the company expected shareholders are advised that basic, headline and core headline earnings per share for the year ended 31 May 2021 will increase by more than 20% in comparison to the year ended 31 May 2020. The company expects earnings per share in range of 94.27 cents to 94.83 cents against 13.89 cents a year ago. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 18% share price gain to R5.88, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 15x in the Commercial Services industry in Africa. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 15% share price gain to R4.86, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 15x in the Commercial Services industry in Africa. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R4.13, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 11x in the Commercial Services industry in Africa. Total loss to shareholders of 68% over the past three years. Is New 90 Day High Low • Feb 06
New 90-day high: R4.84 The company is up 26% from its price of R3.85 on 06 November 2020. The South African market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 15% share price gain to R4.45, the stock is trading at a trailing P/E ratio of 17.6x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 13x in the Commercial Services industry in Africa. Total return to shareholders over the past three years is a loss of 68%. Is New 90 Day High Low • Jan 19
New 90-day high: R4.39 The company is up 14% from its price of R3.85 on 21 October 2020. The South African market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period. Annuncio • Dec 11
Blue Label Telecoms Limited to Report First Half, 2021 Results on Feb 26, 2021 Blue Label Telecoms Limited announced that they will report first half, 2021 results on Feb 26, 2021 Is New 90 Day High Low • Nov 20
New 90-day high: R3.99 The company is up 49% from its price of R2.68 on 21 August 2020. The South African market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 37% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: R3.76 The company is up 30% from its price of R2.90 on 09 July 2020. The South African market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day high: R3.50 The company is up 23% from its price of R2.84 on 24 June 2020. The South African market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period. Annuncio • Sep 19
Blue Label Telecoms Limited Appoints Nomavuso Mnxasana as Independent Non Executive Director to the Blue Label Board and as A Member to Blue Label Audit, Risk and Compliance Committee Blue Label Telecoms Limited announced that, shareholders are advised that Ms. Nomavuso Mnxasana has been appointed as an independent non-executive director to the company board and as a member to the Audit, Risk and Compliance Committee with effect from 18 September 2020. Ms. Mnxasana was a senior partner and member of the executive committee of SizweNtsaluba VSP before serving a group audit and risk executive at Imperial Holdings Limited. Currently holds directorships at Barloworld Limited, Arcelor Mittal SA Limited and Industrial Development Corporation of South Africa Limited. Annuncio • Aug 10
Blue Label Telecoms Limited to Report Fiscal Year 2020 Results on Aug 27, 2020 Blue Label Telecoms Limited announced that they will report fiscal year 2020 results on Aug 27, 2020