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.
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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.
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