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Think we are looking at 265p mark within the week , maybe reach 300p but will drop.
September results and growth will then push this over the 300p mark.
All I can see is blue sky
Rajbury, the 100k is clearly a delayed buy timestamped at 12.03, the trades immediately after jumped to £2.25 which simply wouldn't happen with a sell of that magnitude. The share price also finished on the days high, another very positive sign, as well as having 3 x market makers bidding at more than £2.24 at close. LOOP shares are in demand and this will continue for the foreseeable future in my opinion, as it's clearly mispriced when compared to the previous highs. Just need patience to let it rise.
Also, lesson number one of investing; don't take the categorisation of trades as gospel - any delayed buys will be reported as sells if the price has risen in the intervening time period, likewise if the price has fallen delayed sells will appear as buys. You have to review the trades around the time of the trade to guage the probability of a buy or sell.
I hope you're right, but those big sells after close don't look too good...
Volume is really positive indeed - get the IC print version out on Thurs & continued exposure online & we should continue to churn profit takers and move up
Just noticed the volume today...churning through a huge amount of shares, that 220p floor is looking pretty solid now
324p target on a very conservative consensus forecast with no Teams upside. Bullish
https://www.investorschronicle.co.uk/comment/2020/08/10/targeting-tech-stocks/
LoopUp Teams up
LoopUp (LOOP:220p), a London-based premium remote conference meetings company, has just announced a major extension to its flagship product, LoopUp, as it strives to become a leading provider of telephony services for Microsoft’s Teams, a product that has 75m daily active users.
LoopUp will now offer global cloud voice services via a third-party network direct routing to companies using Microsoft Teams, alongside its own premium remote meetings capability. Users will be able to make and receive outbound and inbound voice calls directly from their Microsoft Teams user interface on any device, irrespective of geographic location, and with differentiated audio quality, reliability and security. It’s a win-win situation for both parties.
That’s because although Microsoft Teams has grown strongly in the professional services market segment, few companies use it for external voice telephony. That’s an issue because analysts at Gartner believe that 90 per cent of enterprises will adopt direct routing voice calls by 2022, up from only 10 per cent last year. This is a seismic shift and explains why Microsoft is seeking to increase its presence in this important segment of the market.
From LoopUp’s perspective, around 90 per cent of its customers already use Microsoft Teams so offering direct routing is a natural extension of the product offering. It should be profitable, too, as analyst Peter McNally at house broker Panmure Gordon “believes new and existing customers that sign up with Teams integration can at least double the average deal size for LoopUp”.
Mr McNally is maintaining his recently upgraded earnings forecasts (‘Watchlist small-caps on the upgrade’, 20 July 2020), but now believes that LoopUp's shares should trade in line with the UK Small-Cap Technology sector average multiple of 13.5 times 2021 enterprise value to cash profit, implying fair value of 324p.
Last week, LoopUp shares hit the 225p target price I outlined when I suggested buying last month at 138p (Alpha Report: ‘Tap into the remote working boom with LoopUp’, 2 July 2020), but I now feel a 300p target price is in order. There is little in the way of technical resistance to my new target either. On a bid-offer spread of 215p-220p, the shares rate a buy.