Professional
Added to YB: 2025-05-29
Pitch date: 2025-05-26
BLU.JO [neutral]
Blu Label Unlimited Group Limited
-19.41%
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 10.54
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 Capital Portfolio Holding: Blue Label Telecoms Limited
BLU.JO (holding update): Investment thesis advancing as mgmt turns around Cell C. Valuation discount from accounting complexity, Cell C debt perception, and poor capital allocation history. Planned Cell C separate listing positive, with MVNO biz (90% mkt share) most valuable asset. Capitec partnership reaching 1.6M subscribers. Gov't dropping smartphone tax benefits Cell C's low-ARPU customers.
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