Professional
Added to YB: 2026-04-02
Pitch date: 2026-03-04
BLU.JO [neutral]
Blu Label Unlimited Group Limited
-9.95%
current return
Author Info
No bio for this author
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 9.44
Price Target
N/A
Dividend
10.32%
EV/EBITDA
-2.43
P/E
-2.61
EV/Sales
0.55
Sector
Diversified Telecommunication Services
Category
special_situation
Saltlight Capital Portfolio Holding: Blu Label Unlimited Group Limited
BLU.JO (holding update): Core distro biz at 4x FCF; spun off Cell C stake Nov at R9bn (vs hoped R18bn). Cell C now debt-free, capital-light MVNO platform growing 20% p.a., est R1.6-R1.8bn FCF 2027 (19% yield at IPO price), 50% dividend payout. Roaming deals w/ Vodacom/MTN expire 2029/2032 but mutual dependence likely durable. Participated in IPO to capture discount.
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