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This really hasn't done what everyone thought it would. I'm fact, something of a Cloud Cuckoo.
True two degrees, but it's more a buying spree than selling according to LSE.
Then again I purchased 1mm MSYS and it was never shown.
Well something bad must have leaked for this to go into freefall
Happy New year every one
I hope so, but at the moment its just loads of extra revenue that doesn't make any profits or losses (at least they got that bit sorted out). Until they give more colour on profits and cashflow, it's still just a story. As soon as this starts making proper profit margins on the revenue, then definitely absurdly cheap. They really need to do more for investors, unless of course they are happy to see the share price at this level (more fund raises for acquisitions?).
No, but with the growth that’s been happening and huge jumps in revenue then in my opinion we’re still way undervalued. Maybe investors are just starting to catch on how cheap this share really is!! If we keep growing at this rate then eventually the share price will catch up . DYOR IMHO
Price went up this morning by .025 on no sell or buys.
Then later more buys than for weeks and another rise in so, but I've heard nothing new. His anybody else?
I hope so, but in my view this will languish until it becomes evident that they will have the resources (either cash or bank borrowing ability) to repay the MXC loan note at maturity in October 2024. That will be a debt north of £5m by then, with rolled up interest at 12% a year. £1m of Trading EBITDA is not enough. However, any sign that Project IGNITE is pushing top line growth through to cashflow and profits, then I agree, a significant re-rating would be merited. I believe the story, the management team and their strategy, and look forward to much more colour on profit expectations with a full year of acquisitions bedded in and sales focus, then we might start getting somewhere on the share price.
I honest think we should be hitting 3p + by this time next year!
Let’s hope all of us patient SP holders will be rewarded for our loyalty in time to come! A BIG well done to all at CLCO for turning this ship around and setting sail for a great future ahead. Bring on the days when we break 10p a share - I wonder how long that will take?
Agree. It would be helpful to get more detailed guidance on financial aspirations from Allenby and also a presentation at year end results time. At the moment, we are still buying into a story, but the company can move beyond this and into a more serious investment proposition now with a clear end game on getting rid of the MXC debt and making more acquisitions without diluting its minority 'supportive shareholders.'
Great to see CLCO wearing the yellow jersey today. Quite rightly so given the excellent update.
Future is looking good here now , just need to keep building and get the debt cleared
Well past 1 now
Could be the start of an interesting period .
In the present financial turmoil it's a very good update and look forward to pushing past 1 today.
What I really want to see is profit at a level that would support conventional bank debt to refinance the Mxc loan note in due course. I don't trust or like Mxc, and the company should say 'thank you for getting us through this stage (hopefully) but time to put some distance between us and grow into a serious business.'
Twitter/Linked in - we will be updating soon to our supportive shareholders on progress. Let's hope the business is moving in the right direction in terms of profitability and cashflow. From a supportive shareholders who wants to see this business succeed and a start up grow to something much bigger. That's meant to be the point of capital markets, not all this short term rubbish.
There was an update on 20th Oct last year, so maybe in the next few days.
A mini rally today so has somebody heard something?
I would imagine it's just the way the market is at the moment. Everything is getting hit. We must be due an update at some stage where hopefully the business has continued to do well.
If its so good Freddie, why is the SP falling like a stone!!
Grow. my as*. They have done nothing but fail, share price from 2.0 beginning of the year to .9 now., buying into IDE. (that was a wise move) NOT.
Really. Are you sure?
Revenue increased 183% to GBP11.6m (H1 2021: GBP4.1m), of
which 70% was generated from recurring contracts
Gross Profit increased by 119% to GBP3.5m (H1 2021: GBP
1.6m), a margin of 30%
Trading Group EBITDA(1) of GBP426k before expected transitional losses from the acquired IDE Group Connect Limited of GBP124k resulting in a net Trading Group EBITDA(1) of GBP302k (H1 2021: GBP364k)
Corrective measures implemented in IDE Group Connect Limited, acquired in October 2021 with annual losses of GBP0.8m, now performing at monthly breakeven by March 2022
Cash of GBP1.3m at 31 March 2022 (H1 2021: GBP0.6m) and undrawn GBP0.5m working capital facility
And further down this POS goes
Could we be expecting a year end trading update that we had last October?
It would be nice to have some news as to how things have been going? Please give us something good BOD?
Grow. my as*. They have done nothing but fail, share price from 2.0 beginning of the year to .9 now., buying into IDE. (that was a wise move) NOT.