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Just in case anyone's still reading this chat, the company (Synety) is now known as CloudCall so choose CALL (instead of SNTY)
Not sure I concur here. Snty are just too good at s*unking money. Today's announcement a case in point. How much is a complete rebranding going to cost for a company which is already bleeding cash! Another placing I dare say before the end of the year.
Steve Moore becomming more bullish now. Paul Scott is a BIG believer in synety/cloudcall. Growth numbers have ben strong recently now the strategy has proven to work.
assumng MORE customers going to use the full CloudCall service. Should strngthen revenues imo
looks like a good deal for longterm.
News could move this imo, look at the chart, ready to move up
Growing in confidence and reassurance. Good growth numbers look set to continue.
Revenue 3.3m, expenses at least 6.5m but with only 1.5m in cash in the bank how can they go for more than 6 months without needing to do a placing even if it does not cost them anything to rebrand. How can the BoD realistically claim that they will not need to raise any more money before breaking even ? As a result I have taken advantage of todays spike in value to get out with only a small loss. As ever DYOR.
You could be right, only time will tell.
Look poor to me. Only modestly reduced losses. Still a long way from break even despite revenue growth. They just love splashing the cash here, that seems to be the problem, no financial control.
Is it really necessary? I would question whether the monetary cost of completely rebranding is justified at this stage of their development? Before they have even started to generate profits. How much will it cost and is it going to generate value. It does seem to me this management are good at, may I say, spunking cash.
Explains heliums confidence in buying. Lokks derisked now. Needs deal newsflow to move the price.
Looks like they might have enough cash to become profitable, great to see Barclays lending the money
I dont know if helium are sniffing their own gas or they have a motive for accumulating. I susspect the latter. Buying for a client or some sort of deal with oracle? This product has legs and growth potential, and i can definately see oracles intrest, suits their cloud solutions business. I can't see why they cant licence it out to an organisation with thousands of corporate clients and users. The new sales strategy is correct, but licencing would quadruple the userbase and returns almost overnight.
Thoughts as to their increased interest??
Unfortunately, I think you're right Dibs. Another placing is a certainty IMO and given the track record here it will be difficult to get one away unless there is a very substantial discount. Cash burn here should have been controlled much sooner and US sales seem very disappointing given the hype.
Not a snowballs chance in hell now of SiGNICANT director buying. You may see a cursory purchase or two to try and project confidence but this company continues to eat cash voraciously - £1.5m worth in the past 6 mths. Which means another placing is on the way, certainly within the next 6 months. And the next one will prob be @ no more than 50p.
'slightly ahead of expectations' . Nice to read that this morning. I have been waiting an update with baited breathe, expecting the worse! happy to see this today. I wonder if this means directors are now out of a closed period and we shall see some more stock buying?
Simon Cleaver shoves Seeman aside. Seeman effectively demoted and given symbolic title. I think what we are seeing here is a management team not in harmony and frankly not good enough regardless of swapping chairs around.
Seriously was that really worth it Mark Seeman?!
Obiously, however this is growth company so it is more about potencial of future earnings. The problem though is the fact that value of the company is not backed by as sets. It is going to look overvalued until it breaks even, hopefully H2 2016.
No posts here since my last one on 29 Sept! Until they can stop burning the cash this still looks overvalued to me at £11.5m MC.
Sneaky after hours RNS. In view of dilution by additional equity issue this could hit 80p in the morning.
Decent purchase by the CFO but Mark Seeman buying £1,100 worth of shares is just plain pointless and sends a more negative than positive message! Mark, Mark, Mark what were you thinking?
I tend to agree - with less KPI updates I think this stock could be less volatile from here, and I agree that a lot of the bad news is priced in - not that I can see further "bad news"