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Indeed this used to be about 50p some time ago and as a holder would love to see it there again. However where is the evidence that it has been tipped to be 50+ also the evidence for a background buyer? I am happy that at last it is heading in the right direction and would love you to be correct but would like evidence for your claims...
Moving up again, Buyer in background. 50p .......,
Haha by who?
Impressive rise, tipped to be 50p plus soon .
Must be tempting for some to take some profit here today so perhaps we will see today's gain level off but it's also nice to see some confident buying... Gla
Don't think there is any leak other than the news that revenue is to start to increase and operating losses substantially reduced - this is music to investors ears. This has much more to rise in my view if the above trend continues.
Is there a short squeeze going on here ? Definitely a panic or scramble ......some leaked info has clearly got in the way of a plan to talk this down to 1-2p
Looks like you could be right regarding double figures - hopefully, by the end of the week.....
See latest AGM statement. Looks promising for future revenue. Also SP for cbuy moves quickly on relatively small trade volumes, hence rise today and last Friday. Would hope to see double figures shortly !!
Here today... Is this share prone to leaks??
More good news please......the SP stinks....
Visa is one of the card schemes, they don't actually process the transactions. That's for the acquirers to do.
So £15m. Assume Visa charge up to 2% of which CBUY won't get 50% i.e 1% = £150,000 or less.... Maybe my numbers don't add up. It would be nice to understand the Visa partnership. Is it 50/50 (severely doubt it) if it's 1/3 then is £100,000. Just enough for a new extension for honest Ron I'm thinking
The numbers of CCG'S that do sign up will be reported via an RNS (as was the case yesterday for the first time.) Shareholders were told at the AGM only small numbers are required to produce a large income. ( 50,000 plans @�300.00 is �15M a year) This is my example not one we were given. Again courtesy of Ten Bag Man. Anyone think these sorts of numbers are possible?
Ten Bag Man reported on AGM on ADVFN. Some say the potential here is still very significant.
Did anyone attend the AGM?
Responding to a few of these posts, my view would be that at this point CBUY have far more upside than downside from this point. The fact that they are rationalising costs shows a bit of maturity from the recent contract-chasing growth. The recent fund raising also gave them enough breathing space to prove their business model can work and significantly reduced the risk of the company folding. I don't think the share price fall since the fundraising was justified - if anything I would have expected a bit of a pick up to reflect the (relatively) lower risk of investment. Struggling revenue and high costs were already priced in at that point. IMO we should see a steadying back at the 6-8p range to reflect a well-funded company with growth potential. This potential would crystallise faster by generating revenues from existing contracts rather than just adding more potential via new contracts! I'm happy to ride the rollercoaster for another 12 months before taking a decision on this one!!
but what about all the money spent in India? - and the deals in Singapore, China, Saudi Arabia
Litre should be little and stick should be stock - predictive messaging!
To be fair ..they did well to get the contract...sounds like they had to work hard for it. The market is such that competition is stiff and everyone is beating down contracts to get the very best value .... same across all sectors ... A contract on a lower than expected margin is better than no contract at all .... Costs are still too high though
I said previously these have fallen on litre volume and priced for failure. With operating losses substantially reduced and revenues to increase in H2 you can understand why the smart money is coming in to pick up stick. Remember sella invested in much higher price than current and the share price does not even reflect the fundraising.
http://www.investegate.co.uk/cloudbuy-plc--cbuy-/rns/agm-statement/201607220700069283E/ Ron trying hard to cheer us up!
They are going to have to do much better than that to get the ten pence bonus. Nobody buys it anymore Ron. Facts and figures
Anyone going to the AGM - don't forget your custard pies for the "Chairman"
And what is the value of this contract? And expected revenue? It's frightening all RNS from this company can't be transparent. Every single contract notice issued must advise of the contract estimated value so why not disclose?