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. reports financial and operating developments for a holding company with interests in broadband operations. Its news commonly covers New Hampshire Operations conducted through Bretton Woods Telephone Company and World Surfer, Inc., including broadband, end-user terminal and voice over internet protocol service revenue, operating EBITDA, and fiber network projects in Northern New Hampshire.
Company updates also address corporate actions such as common-share repurchases, board and advisory appointments, liquid-asset disclosures, and investment interests, including its completed minority interest in Brick Skirt Holdings, Inc., a broadband and communications provider in western New York.
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.
Summary not available.
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.