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8p ??
Monday target price???
Monday morning.
https://cloudcoco.co.uk/
Load up for Monday acquisition of CloudCoCo and debt free.
UK sets £400m fast-track for government data centers
32 companies get special favored status
August 20, 2019 ByMark Ballard
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British officials have put 32 suppliers on a fast track to win £400m of business building and running data centers for government offices and public bodies.
A public procurement body, YPO, set up a framework agreement under European law that gives named suppliers the right to do quick deals with public bodies, circumventing complex and arduous EU rules. Though YPO originally stood for Yorkshire Procurement Office, the organization now operates nationwide. The arrangement covers the whole computing supply chain, from consulting, designing, building and operating data centers, to networks, security, disaster recovery and support services.
Tower Bridge, London
Supply chain gang
Upon opening its search for a formal supply chain in January, YPO said UK government arrangements with data center suppliers were lacking.
"This is a new framework and different from any other compliant route to market," it said in a message it sent to public procurement officers across the country this week.
"There are providers in this market, but the data center offering is limited, especially for the wider public sector," it said.
A spokeswoman for YPO told DCD that it had a team of procurement specialists who talk to public bodies to find sectors where their demand for services was not being met. They found there was no formal procurement framework for data centers, she said.
YPO, a procurement office that grew out of government administrative offices in Yorkshire, reckoned on the business being worth £400m over four years. That is the sum its framework would allow suppliers to do in deals with public bodies without having to follow the EU's usual procurement procedures.
Thirteen local government administrations in the North of England have a stake in YPO's procurement business, according to TechMarketView, a consultancy.
The arrangement is not meant to be exclusive, but YPO approved nine suppliers to build public sector data centres. Three of them were small enough to be classed officially as SMEs: Keysource, Sudlows and Nigsun. The others were 2bm, Insight Direct, Powercube, and Workplace Technology. It gave 11 companies first shake on running co-location data centres for public bodies: Six Degrees, SCC, Daisy, Razorblue, Keysource, Phoenix, CloudCoCo, Redcentric, SunGard, UKCloud, and Zsah. Other suppliers on the framework were given special terms to supply hardware and support services. Amazon Web Services was among 18 suppliers given favored status to do cloud computing.
According to the AD4 Chairman's letter, CloudCoCo has 18 listings on the G-Cloud 11 framework, and they also have 32nd share of the £400m fast track YPO Data Center agreement, but are one of 11 companies given first shake on running co-location data centres for public bodies: Six Degrees, SCC, Daisy, Razorblue, Keysource, Phoenix, CloudCoCo, Redcentric, SunGard, UKCloud, and Zsah....and so potential revenue streams could be highly significant. Gla ;-)
............................
CloudCoCo has established itself as an asset light, talent rich cloud solutions business. Its management believes that with its simplified approach and by remaining independent and acting as a broker across several providers and partners, it can deliver solutions in a highly responsive and agnostic manner when
compared with traditional IT services companies.
Though the company only began trading in April 2018, CloudCoCo was included in the Digital Enterprise Top 100 campaign to profile and celebrate the Leeds City Region’s most innovative, digitally mature, and transformational businesses. It has established itself on the YPO framework and the recent G-Cloud 11 framework which comprises a series of framework agreements with suppliers for which UK public sector organisations can buy cloud-based services covering hosting, software and cloud support, with 18 listings.
G-Cloud 11 goes live with 4,200 suppliers securing a place on the framework
The latest iteration of the G-Cloud framework has gone live, with about 700 additional suppliers thought to have secured a place on it this time around
Published: 02 Jul 2019 11:31
The 11th iteration of the government’s cloud procurement framework has gone live today, with 4,200 suppliers making the cut this time – most of them small and medium-sized enterprises (SMEs).
According to government procurement chiefs at the Crown Commercial Service (CCS), more than 90% of the suppliers featured on G-Cloud 11 are classified as SMEs.
About 30,000 services are listed on the three-lot framework, which spans cloud hosting, cloud software and cloud support.
Like previous versions of the framework, G-Cloud 11 is set to last for 12 months, although the CCS reserves the right to extend it by a further year if needed.
Niall Quinn, director of the CCS’s technology pillar, said: “G-Cloud continues to be a major success story for how we drive innovation in the public sector. G-Cloud is all about simplicity, making it as straightforward as possible for customers and suppliers to find each other.”
The general consensus among the supplier community ahead of G-Cloud 11’s launch was that the new framework would feature no major changes, and that appears to be the case.
However, there has been a marked uptick in the number of new firms appearing on the framework this time.
For example, government figures released ahead of the launch of G-Cloud 10 suggested that just over 3,500 suppliers had applied for a place on the framework, but this time, its data suggests a further 700 organisations have also thrown their hats into the ring.
Infrastructure-as-a-service (IaaS) provider UKCloud is among the returning cohort of suppliers to G-Cloud 11, and will use the framework to offer public sector users access to an expanded portfolio of cloud support, monitoring and multi-cloud services.
To date, the firm has secured £91.65m in business through its involvement in the framework, with Genomics England emerging as its biggest G-Cloud customer overall, having procured £15.8m of services from UKCloud so far.
Hopefully 5p plus for starters , but everything is dependent on disclosure and detail of material news of existing business and new client contracts recently signed. The new enterprise is debt free , AD4 has existing sales revenues over £8m and CloudCoCo won almost £4m in new contracts in their first year up to April 2019 and have recently won a share of the £400m YPO fast track public sector data center network as well as the G-Cloud 11 framework and will and have confirmed they have news on two NEW VERY LARGE AND EXCITING NEW CLIENT CONTRACTS to be announced. so watch this space. Gl :-)
£400m fast track YPO framework and the recent G-Cloud 11 framework which comprises a series of framework agreements with suppliers for which UK public sector organisations can buy cloud-based services covering hosting, software and cloud support, with 18 listings.
Surely this wont get to 50p a share, thats just crazy talk. Was hoping for 10p come monday
Has a real issue staying above 3p
CloudCoCo have signed 2 new major clients which should be revealed when they join AD4 on Monday. MCXP have funded this acquisition so once completed there will be 12.5% free float. Hence we rerate at pace.
How big are the legs on this...10p 20, 50
What happens on Monday? Will there be any suspension for the accusiton?
Significant potential upside very likely on the formation of the new debt free enterprise, the CloudCoCo Group, with so much material news expected on deal completion. The future starts now!!! Gla holders On and Up!!! ;-)
Perfectly poised, the future starts now with great things to come with the acquisition of Cloudcoco " the UK's fastest growing IT company "...there will only be 12.6% shares in free float on deal completion, 57m shares only from the new enlarged share capital with the rest firmly held by Directors, Major shareholders and CloudCoCo..Shares will be as rare as hens teeth....Grab 'em while you can....Significant upside on deal completion and then news of Cloudcoco's "two new very large and exciting new clients " to follow...BOOM!!!:-)
2 nice chunky 400k plus late reported buys...On and Up!!! ;-)
It's a NO BRAINER!!! Gla holders...the CloudCoCo Group are going places...the future starts now....On and Up!!! :-)
Light switches on. Massive acquisition and 2 major new clients tba starting Monday when AD4 takes over CloudCoCo and new CEO.
News of Cloudcoco's "two VERY LARGE and EXCITING new clients"...coming soon, no doubt disclosure will be made on deal completion, and so should be very interesting to see how much the Market Makers value the CloudCoCo Group, taking into account existing business revenue from Cloudcoco and AD4, as well as new business to be announced and new business in the pipeline from the UK's fastest growing IT company.....Gla Holders....The Future Starts Now!!! ;-) YPO link to Cloudcoco £400milllion live framework CloudCoCo CloudCoCo are proud to be GO GO with YPO (one of the largest public sector frameworks in the UK). We are listed on Lots 5 and 10 which essentially now gives any public sector organisation an opportunity to procure Data Centre space, Maintenance, Cloud and Security through CloudCoCo and its unique ecosystem on this very exciting and highly successful not for profit framework. Thankyou to YPO for all the hardwork and trust you've shown in one of the fastest growing Technology startups in the UK. CloudCoCo are making IT possible. We've also news coming in the coming weeks about two new very large and exciting new clients we've signed. #cloud #data #datasecurity #publicsector hTtps://www.linkedin.com/company/cloudcoco 2/10/19 CloudCoCo’s strategy is to focus on winning multi-year recurring revenue contracts with the intention that the profitability of the business improves across future years. It has already signed multi-year contracts with respected customers. Cheers moneymunch
No volume though..,.yet
Hello buyers blue days return
Furthermore, the Circular also contains details of the Debt Refinancing Agreement, under which, inter alia, BGF has agreed that GBP1.5 million of the loan notes currently held by it will be cancelled and the remaining GBP3.5 million loan notes will be purchased by MXCG (a wholly owned subsidiary of MXC Capital Limited) and their terms revised. The Company also announces, subject to satisfactory completion of the relevant regulatory checks, the proposed appointment on Completion of Andy Mills, current chairman of CloudCoCo, as Adept4's Chief Executive Officer.
MXCP have taken the full cost of the acquisition of CloudCoCo for AD4. AD4 is obviously part vehicle of the big plan
This Monday.
Simon Duckworth, Non-Executive Chairman of Adept4, commented:
"We are delighted that, conditional on shareholder approval, we have agreed to acquire CloudCoCo. We are proposing to acquire a business which has expanded rapidly since establishment and, by harnessing CloudCoCo's proven and experienced salesforce with our existing operations, we believe that there is a clearly defined opportunity to return Adept4 to growth. We have also reached agreement, subject to completion of the acquisition, to revise the terms and reduce the level of the Group's indebtedness. We view these proposals as positive developments as we seek to recover value for our shareholders"
Great spot thumbs up