Welcome to our dedicated page for Cibl news (Ticker: CIBY), a resource for investors and traders seeking the latest updates and insights on Cibl stock.
CIBL, Inc. (CIBY) is a holding company with interests in broadband operations, with operating businesses that include Bretton Woods Telephone Company and World Surfer, Inc., providers of broadband and communication services in Northern New Hampshire. The company’s news flow centers on financial performance, operating updates from its New Hampshire operations, and developments related to its investment holdings.
Visitors to this CIBL news page can review periodic reports of unaudited operating results, where the company discusses revenue from its New Hampshire operations, operating costs, EBITDA from operations, and net income. These releases often include balance sheet highlights such as cash and cash equivalents, investments in United States Treasury Bills, available-for-sale equity securities, and investments in an equity method limited partnership and other investments.
CIBL’s news also covers corporate actions and capital allocation decisions. The company regularly announces share repurchases, providing details on the number of shares acquired, average purchase prices, and updated shares outstanding. It has also reported on its acquisition of a 20% interest in Brick Skirt Holdings, Inc. from LICT Corporation, noting that Brick Skirt, through subsidiaries, provides broadband and communication services to sections in western New York state.
Governance and strategic developments appear in CIBL’s announcements as well, including the appointment of new board members and advisors with backgrounds in telecommunications, broadband operations, and finance. The company states that its Board of Directors continues to evaluate a broad range of strategic alternatives for the company in order to create shareholder value. Investors and researchers can use this news page to follow CIBL’s reported quarterly and annual operating results, capital expenditures, investment activities, and board-level changes related to its broadband-focused holdings.
CIBL, operating Bretton Woods Telephone Company and World Surfer in Northern New Hampshire, reported unaudited first-quarter results ending March 31, 2024. The operations generated revenues of $468,000, consistent with the prior year. EBITDA before corporate expenses was $142,000 compared to $135,000 in 2023. In 2024, CIBL acquired 21 shares at an average price of $1,857 per share, with 12,647 shares outstanding. Since its 2007 spin-off from LICT, CIBL repurchased 13,769 shares for $19.1 million, averaging $1,387 per share. The company announced plans to acquire a 20% interest in Brick Skirt Holdings from LICT for $1.5 million, partially completed in Q3 2023 by issuing 300 CIBL shares, with the remainder expected in 2024. Brick Skirt provides broadband services in western New York. CIBL's Board continues to evaluate strategic alternatives to enhance shareholder value.
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CIBL, Inc. (OTC Markets: CIBY) announced a Board-authorized repurchase of up to 400 common shares, adding to its total of 13,592 shares repurchased since its spin-off from LICT Corporation on November 19, 2007. This includes shares from two Modified Dutch Auctions in December 2012 and January 2014, totaling 4,746 shares. Currently, CIBL has 12,524 shares outstanding. The company highlights that forward-looking statements in this release carry inherent risks and uncertainties regarding potential corporate transactions.
CIBL, Inc. (CIBY) reported holding $22.7 million in liquid assets as of December 31, 2022, amounting to $1,807 per share, with 12,561 shares outstanding. The company possesses 20 shares of LICT Corporation and 10,000 shares of Solix Inc. For the year ending December 31, 2022, its New Hampshire operations generated $1,863,000 in revenue, reflecting a 1.9% decline from $1,899,000 in 2021. EBITDA decreased to $452,000 from $549,000 in the prior year. In 2022, CIBL repurchased 2,188 shares at an average price of $1,802, and since 2007, it has bought back 13,555 shares for $18.7 million at an average of $1,380 per share.