Professional
Added to YB: 2025-05-29
Pitch date: 2025-05-26
BLU.JO [neutral]
Blue Label Telecoms Limited
-7.87%
current return
Author Info
No bio for this author
Company Info
Blue Label Telecoms Limited provides prepaid products and distributes virtual electronic merchandise in South Africa and internationally.
Market Cap
ZAR 9.9B
Pitch Price
ZAR 11.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.69
P/E
15.61
EV/Sales
0.97
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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