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yes..better H2
Revenue - £10m
Profit - £0.5m
Net debt reduced £2.2m from H1 figure ( probably got that R&D tax credit of c.£1.9 million for that )
Adjusted EBITDA profitability expected this year
They have an undrawn revolving credit facility of £1.5 million
I wonder how much of the revenue has gone to Laurel and Hardy's annual bonuses.
looks like a profit in H2 of £500,000
it may have turned the corner
Ouch. That cash isn’t guna last long. Big jump in revenues but hasn’t affected their losses/profitability. How is that possible?
..is a hinder for investors to trade this share…
Once the news lands…the whole situation would change for the better imo.
SP is still a good entry for the new investors based on the last update and future prospects..
GL holders
The company more than doubled minimum contracted revenue run rate in 6 months to December from £0.8m to £1.7m, impressive. From the Dec RNS it looks like if successful that run rate will maintain that trend with over £2.5m for end of march. It's a combination of new new customers and now significant additional rollout (compounding).
If they could maintain that rate through 2023 that provides for revenue run rate rising in 18 months from June 2022 at £0.8m to December 2023 at £7.6m and at the end of 2024 at £35m
The trend is there in the last reported 6 months, though I seriously don't expect them to maintain that growth it is very much possible, and I do think they could put in an impressive performance if momentum is maintained.
The company appears to have shed some key sales/support staff over the last year, now they have the significant new revenue from the legacy business and a decent Cloud revenue stream they can perhaps accelerate the Cloud business growth as the said in the last update.
Things are actually looking up and the trends are improving - but as Pokerchips said "progress cards down on the table", then we can perhaps get to a decent SP rather then priced as a basket case.
146666 @ 3P
Unloved share and undervalued in spite of trading at the year low with progressive revenue and increasing subscribers!
GL
" Only 1 trade yesterday"
yeah ..and on a market fear day...which may suggest that more shares are in sticky hands ..and should the foundations all prove to be stronger ,will mean there will be fewer shares around if/when things then move higher
A case now of show your hand and put your progress cards down on the table
There really is no interest in this apart from a few die hard's.
Only 1 trade yesterday, when we are awaiting news - there is no anticipation or even fear from the market.
As I've said previously the new customers they transferred marks a massive change for the company, the existing revenue tripled at a stroke, yet the SP dropped - it dwarfs the Cloud revenue, running at £1.7m + (most likely £2.0m) as at December update and now if growth has continued on trend running at between £2.5m and £3m
I took a look at the revenue trends and it is so difficult to quantify operational performance, we are only just getting enough number to see a general trends.
I believe they should be reporting annual contracted base revenue of no less than £2.5m if they genuinely achieving major growth the business- we'll see
If so, revenue will have tripled in about a year - if that trend continues we are looking at significant revenue and profit. As long as they don't change the reporting metrics again the annuals should allow us to see genuine trends.
From this year’s low with recent raise at 5p….while the company is growing and expanding with the majority of shares held by insiders and institutions can’t go much wrong.
Our interest is firmly aligned with them…
I believe the sp will re rate in the very near future with some news to confirm their revenue growth but if they announce that profits in expected this year or already in profit now …the sp will mulibags in no time…
The fear of downside is minimal at this stage as all negatives are now behind us on whichever way you look at the business now.
As always dyor
GL
@2.99p
@2.98p
GL holders
15-Mar-23 09:45:49 2.50 1,757,888 Unknown* 2.75 3.20 43.95k O
late announced....looks like a forced sale ..caused the morning drop in the Bid ... someone need cash to cover elsewhere ?
183050 @ 2.95
99322 @ 2.95
Researched it and after due diligence…
Free float around 40% of total..
Big institutional/insiders holdings
At the low of the year and recently successfully raised cash ….
revenues increasing and growth with expansion of its customers base…
Couldn’t argue with the good value at this sp….
Rewards can be big with risks of further dilution in mind..
GL
Any thoughts of why the sp has been knocked down lately??
I am watching this share decimated lately!
Last update from the company RNS was relatively positive of recovery in revenues and growth subscriptions.
Thx
The last Update was 14th December , so this is now at the 3 month point, so I expect an update to be soon....
It terms of news...I think they just combine all the more minor contract wins together and report them in the 3 monthly update
It would only be a MAJOR contract win that would get an individual RNS ....that seems to be the way many AIM decide to do things
It certainly is unusual to see so many trades being reported within the first hour of trading ...
I would hope cash flow has been assisted also by a reduced CAPEX outflow this year..having spent a lot of time and money investing in their platform in 2021 and 2022. One would hope 2023 is more of a year to try and achieve the contract awards as a result of that investment
More than a month ago I thought a trading update would be coming as it had in previous years.
The delay bothered me then and does now because usually AIM companies are quick to announce good news and delay bad news. My concern is still the immediate cash position and if more funds will need to be raised for the short term. If LOOP can get through this then with £5m Mcap the value of the company and SP should begin to recover.
Could be a good rally from here
that's some jump down. 3.12 was all time low yesterday. Just MMs doing it because they can or something more sinister?
The management seem to wish to update every 3 months , and another update is due .....if I were them I wouldn't be pandering to share price gazers who demand constant updates ..their job is to manage the business
70% of the shares are in the hands of key shareholders ..... I don't suspect any sells today have come from them..
seeing 36 trades above ..that is a lot ..on most quiet days, there are usually about 4 ...so if you decide to sell when others are wanting to do the same ....then you tend not to be offered much of a price ...buyers seem happy to squeeze the seller
Whilst they work on pursuing their targets in a difficult economy, right now...I suspect the main concern is the general idea that in AIM it is currently somewhat difficult to raise funds ....so..I suspect if they do need more cash they may well have to return their Bank lender and show them the improved revenue and attempts to reduce their Admin costs ...current cash levels will be eagerly awaited, with that incoming revenue
Definitely a possibly that there are tax losses being put through ...
Mc - I find myself fully agreeing with you as well, this is turning out to be a very agreeable day.
Loop is far from dead, if I thought otherwise I wouldn't waste time posting.
I think it's a combination of no news and getting the house in order. Why would they hire comms people until they have got the company back to full health? Then start shouting about it.
As I've said it's had some big cash injections recently and those people are going to want to see the share price go up so they can make some money. Loop isn't dead yet.
Unhooked- yes that's absolutely true, the background is horrendous, even the collapse of Banks that fund Tech companies is a downer, irrespective of Loop not being directly impacted.
Lets hope the company is doing well behind the scenes. even if they were our management wouldn't bother telling us.
...or, investors have simply lost faith... or lost hope.
3p to sell is yet another all-time low and is < 1% of what it was 3 years ago.
What else is there to say? Total value destruction. A dog.
Looks like the SP was marked down because of a 600, 000 sale and buy back yesterday - maybe it's going on again this morning as the sale was a late notification.
As we are at the end of the tax year this is a likely time for bed and ISA or personal pension transfers.
Precipitating losses on shares that have performed badly like Loop can offset Tax on wins in other shares, rebuy them in an ISA/ Pension and the shares are retained for any potential gains.
Just a thought, also after the 5th April, potential investors have up to £20 to invest in ISA if they wish.
I'm probably wrong, but it is the time of year people thing of tax, some will also have an eye on Hunt's budget in case he raids the stock market - he's got no restraint now, IMO will do the nasty on anyone and everyone to grab cash for the pre-election give away. But what do I Know - nothing I'm just a sceptic
I've been looking through the daily trades, why would anyone be buying or selling a few pounds worth? Then on the same day I've seen trades for like £5-10K. Is there something afoot? Is this to influence the price?