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Thanks for the response Ocelot. I have taken a small holding in LOOP earlier today after shadowing the share for a few months.
I am hoping that this correction is over with. Fingers crossed. I have also taken a small holding in TWD & SHG to add to my portfolio. Always small steps with new holdings.
Brochrock, great question.
I imagine the typical poster on here bought in above 70p, 80, and some over £2. I averaged down but still burnt at this stage.
If it's possible to cast aside my bias, yes I would invest now, it's cheap. It's like backing a start-up, considering they have a brand new product and target market.
The business they have moved into has a real market, and they are taking a share of that ready market, which continues to grow (just not fast enough). Loop are delivering from their own infrastructure. From what I gather they don't really offer through affiliates or resellers, so the margin should be good. If they successfully sell through partners into existing large customer bases, financially they will be successful. Building relationships in this sector can take a long time from an agreement in principle, to actually transacting.
Would you recommend wouldbe investers to buy or forget it, look elsewhere?
It just looks a bit negative for someone like me looking in from the outside.
Poker I think you hit the nail on the head with this "It is like waiting for the curtain to rise at the Theatre ... is going to be a top notch Broadway performance or a local town Pantomime flop ??!!!""
The strategy of Loop was to sell PSTN audio to the PS sector who valued basic audio with good controls.
Even pre-pandemic, the romance of audio only faded and providers were turning off and overpricing audio conferencing services, but quicker than some customers wanted to ditch the service, especially PS customers. Loop had easy pickings and were able to grow in a declining market.
To digress back to Pokers metaphor, Loop, since my initial investment have changed their show and to a new audience, only able to re-utilise their infrastructure. We have our popcorn and we are waiting, it feels like they keep postponing the curtain.
I mean what we have to ask is, is the company going under? Not anytime soon, it's been around for a good few years. Just have to wait for a recovery, however small.
The only saving grace for me in this crock of 5heiiite is that i thank my lucky stars I never averaged down. Taken a big hit on this one & i can't really see it going anywhere. Under the bed you go Loop! lost to much to sell out now so just look back i suppose in a years time to see if the company is still alive. Absolute disaster this one!
History would suggest a pantomime flop. Can a leopard change its spots? Time will tell. Without further news if the price was to fall another 3p I would struggle to remain on the sidelines. Hopefully you'll get news soon as I'd rather stay on the sidelines!
jointhedots
whether they are under achievers with the new strategy remains to be seen..( putting aside the share price as the judge and jury ) ..... the added investment from the placing...on top of throwing in the revenues from Meetings also into the investment pot....means they are putting every chip onto the poker table and pushing hard to try and stay in the competitive game...everything is going into creating an Offer that even Tier 1-2 clients are asking for and expect ..for an on going client relationship...
Whether too much is being expected too soon, is open to debate ....the next Update will give a clear indication of everything that is currently on-going
I would hope that the experience of Victor and his network of contacts etc has assisted in the whole plan too
It is like waiting for the curtain to rise at the Theatre ... is is going to be a top notch Broadway performance or a local town Pantomime flop ??!!!
I'm sure it's damned hard and will remain so until they reach critical mass (wherever that is).
But Steve made it clear in the Q&A after the investor presentation that they will take anything if a company wants to play ball, but will not push the sales area, however he also has said they expect partners to deliver those customers. That's why it's so disappointing there is only one partner so far.
There is an abundance of opportunities so the sales strategy is going to be critical.
I'm not convinced on the sales pods - the best sales professions are generally greedy, results oriented , not prone to making money for a team with underperformers getting a free ride.
jointhedots
To gain traction with the " Relatively Large, Relatively International companies" takes a lot of time and effort and takes...forever.... to get a contract decision...and of course..can end up with no end result at all...despite all the efforts
so....a company like LoopUp often has to take Tier 3 sized offerings ..just to keep some new revenues added ..competing on fronts that... ideally . they might prefer to leave behind
I don't think it is easy , at all
Microsoft released their q2 yesterday and thy are having a great time with the cloud and Teams - new features constantly being added.
The announcement at the start of December that they are targeting small businesses with a cheap standalone teams offering that undercuts just about everyone and could be grim for the likes of Zoom.
It may provide new opportunities or threats for Loop, I really don't know , but as they are not targeting the small business market and it should increase the user base it shouldn't impact the new business strategy and may make their offering more desirable - but for Zoom I suspect it will be very painful as they are pushing that market
Loopup are geared to compliment MS teams and are targeting "Relatively Large, Relatively International companies" as Steve goes to pains to point out.
As I've said before Loop needs to chase the correct niche market and forget competing on all fronts.
https://www.protocol.com/workplace/microsoft-teams-standalone
There are only 97m shares in total...so... any turnaround would bring a strong change..... if ....relevant news comes to add to the foundations they were building....
Anyone could build a 3% holding without too much of an investment .....a new active investor....
5,374,050 Consideration Shares valued at 37.303 pence per share...were handed out for SyncRTC..of which Victor would have received many them as founder ...and have a 12 month lock-in , until Sep 2022
Totally agree Ian that is definitely something going on behind the scenes here in time please enable the seller to get out like I’ve said that since it was 80 P. I just had another 50 K and it’s showing up as a sell at 15.2
Errrr no. Looks like any bit of buying just provides liquidity for seller (s)
Genuinely hope you guys get some good news and can recoup some cash.
Ian,
you been buying to save us all ??
Ultimate capitulation has been reached ??