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CIBL Inc (CIBY) is a specialized holding company focused on strategic investments in niche markets. This page serves as a central hub for all official announcements, financial updates, and corporate developments. Access timely updates on earnings reports, acquisitions, leadership changes, and operational milestones that impact 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.
CIBL, Inc. (CIBY) reported holding $23.7 million in liquid assets as of September 30, 2022, equating to $1,817 per share. The company's New Hampshire operations, including Bretton Woods Telephone Company and World Surfer, Inc., generated $518,000 in revenues for Q3 2022, an 8.4% increase from the previous year. However, EBITDA decreased to $112,000 compared to $152,000 in Q3 2021. CIBL has repurchased 1,707 shares for $18.2 million since its spin-off in 2007, with a current outstanding share count of 12,844.
CIBL, Inc. (OTC: CIBY) has appointed Kenneth D. Masiello as its new Chief Financial Officer. Masiello brings extensive experience, having served as Chief Accounting Officer at Associated Capital Group, Inc. (NYSE: AC) for three years and holding various positions at GE Capital over an 18-year career. CIBL, Inc. focuses on providing high-speed broadband and communications services in northern New Hampshire, covering notable locations like the Omni Mount Washington Hotel and Resort. The company is publicly traded since November 19, 2007.
CIBL, Inc. (CIBY) has authorized the repurchase of an additional 1,500 common shares. This decision comes after the Company has repurchased a total of 11,347 shares since its spin-off from LICT Corporation in November 2007. Of these, 4,746 shares were repurchased through two Modified Dutch Auctions in December 2012 and January 2014, with the remainder acquired via open market and private transactions. With 14,769 shares now outstanding, this buyback aims to enhance shareholder value while also acknowledging potential uncertainties in future corporate transactions.
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