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It is clear the AQSE proposed move has spooked the market in TOOP stock however one wonders if this move is nailed on, it seems to revolve around a proposed acquisition, likely to be a reverse takeover but what if this does not proceed or is rejected by existing shareholders.
The proposed move is already delayed as the suggested date was on or around 23rd August, the market value of TOOP is now only £750,000, one would suggest if the move to AQSE is aborted the share price could quickly recover - not for widows or orphans but for risk takers there may be a bag or two in the share price depending on the outcome, news cannot be far away.
DYOR etc
That is not a good thing, most people will now need several hundred percent just to break even.
When you actually think about what they sell, its a dying market, this is f**ked.
Should be an RNS soon. Has the company got the green light from AQSE to transfer over?
Wow, you had your Weetabix this morning Earl.
You're only 3 weeks behind!
Financial and Operational Highlights:
· Adjusted EBITDA* improvement of 22% from (£596,000) to (£467,000) driven by 48% decrease in distribution costs and continuing tight control over overhead costs
· Gross margin improved by four percentage points to 35%
· Group revenue was £1.3 million for the six month period (HY2020: £1.5 million). Decline in headline revenues as a result of:
o Continuing proactive management of poor/non-paying customers with further focus on eliminating bad debts
o Continuing emphasis on DMSL business due to impact of Covid-19 on traditional Toople customer base
· Substantial reduction in bad debt charge: HY22: £19,000 compared to HY21: £43,000
· Active costs management and control realising a 14% reduction in administrative costs
· Cash at bank was £375,000 at period end
boom coming, new CEO has big credentials.
https://twitter.com/BabblerBestBets/status/1551581431650029569?t=sWQXppXbDU7fyepP3TO4LQ&s=19
Yes #TOOP are hiring more staff to cope with “ A lot of New Customers” as per below so it’s only going to take an RNS announcing a new deal/contract, influx of new customers and at £1m Mkt cap it’s going to bounce back up strongly. Today it’s been oversold in my opinion https://t.co/tHzTDlQvS4
0.017 to buy upto £500 then it goes to NT 0.0184
if RTO comes then this could do really well
worth a punt Mcap £780k
Going to have to take 65% hit on one account here and a 35% hit on the other.
F**k you Toople.
Sorry Greg...not Bruce :-)
Day after day the market is absorbing sells with just the rare buy! The broker/holders of this stock must now have a massive block of stock...can they sleep at night or are they building a position for a potential buy out?
I personally am truly p***ed off with them now but in too deep to dump them.
When Bruce took the helm I had a bit of hope but as yet he has not given us shareholders much to cheer us...not even a small supportive share purchase.
Cant go any lower, I hate to go against every post Ive ever made on these, but if the new CEO gets in now, at these levels plus a new company acquisition paid in shares, again at this level. Maybe it bottoms it out and might grow
Sold out on results at a loss. Thankfully didn’t put much in but still a shame. They will now delist I think.
Marmie
Steady circa £500 buys since yesterday... Gonna pop up at some stage....
Yey.. Showing as a buy... Some trhith then!
Just bought a other just over 13 million...waiting to see if shows up as a sell in 15 mins :())
Likely to be a big consolidation upon during move to AQSE. At least 100.1?
Shame.
mannnan,
"£350k
What can you do with this?"
Same as they did the last time - keep the wolf from the doors.
Some of the UK’s most exciting growth companies are choosing to get a quotation on AQSE
From april 2021 - "Only three brokers currently offer online trading in AQSE shares, according to the index, with Barclays and Jarvis already providing the service before AJ Bell."
https://citywire.com/funds-insider/news/aj-bell-offers-online-trading-in-aqse-listed-shares/a1492021
Probably more brokers now!
Wish people would stop panicing !!
GLA SR
Apparently you can hold AQSE listed companies in a UK stocks and shares ISA.