The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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4h ago NHS PHB @NHSPHB With 22,895 people now receiving personal health budgets in England, hear from @JamesCSanderson on the opportunities for integrating health and social care budgets to support social care reform (link: http://ow.ly/bqKP30j7enW) ow.ly/bqKP30j7enW
https://www.kingsfund.org.uk/sites/default/files/media/Wynn_Spencer_Kath_Farmery.pdf
Also announced by the Health Secretary was a new consultation on personal health budgets in order to achieve better integration for those with the greatest ongoing social and health care needs; and a new �1million Integrated Health and Care Pilot in Gloucestershire, Lincolnshire and Nottinghamshire. CBUY could be in the right place at the right time. Let�s hope so.
Speech yesterday. The Cabinet minister set out plans for a joint 10-year NHS and social care workforce strategy to align staff in both parts of the system. He also announced a consultation to extend rights to integrated personal budgets to those with the greatest ongoing social care needs to put more control in the hands of individuals and their families. Read more at: https://inews.co.uk/news/health/jeremy-hunt-broken-social-care-system-time-to-fix/
I will not waste time on the 2017 finals they were rubbish. This company got interesting last December when enough cash was raised to hit profitable trading. :Caveat: That�s the expectation of the board. Looking at previous posts and the companies track record it might all be Bull. The positives are in the mix for 2018 but it�s a brave man who gets excited. The actual cash at the start of this year is �1.9M, after payables with costs due to be cut again with revenues set to rise. I assume revenues from outside the UK will be about the same as 2017. The growth has to come from the NHS in my book. Supporting the employment of PAs has been critical in securing new CCGs as we now have 11 CCGs live and transacting with 23 contracted and a strong pipeline and a number in the process of signing contracts.
Well I am out thankfully. Can't see this turning around in the foreseeable future, more likely to be a slow lingering death. Apart from the PVR duster of last year, positively my worst investment to date. Rather take my remaining few quid and put it elsewhere frankly. Good luck to all remaining holders though, and hope it does turn around for you.
Still a long way to go... Admin expenses of �3.5m on revenue of �1.5m ....costs must be cut further Any talk of "profit" isnt going to be bottom line profit...EDITDA if anything Might as well comeback in 12 months...probably not a lot will have changed
Mixed bag...could be better ,could be worse. If they can stay afloat long enough to reach breakeven, then may be all is not yet lost.
It all looked brilliant 4/5 years ago. .... going global with marketplaces in America, Canada, India, Singapore, China , Australia , new Zealand, UK, Egypt, etc .......the share price rose from 9p to 70p and the very.bullish telegraph article. How the hell did they mess so much up. .....we all got sucked in and it was understandable
Is where we are told the resource is being targeted. Page 4 of lasts years accounts goes on about a NHS spend of 7bn, on 100,000 PHB patients, plus another 400,000 possible patients on notional budgets. If the notional budgets cost the NHS the same amount per patient then the total spend is �35bn That appears to be the total size of the cake that has to be administered digitally by 2020 rather than a manual paper based system currently. One would think that something was very seriously if Cloudbuy could not a profit out of those staggering numbers.
The problem with many AIM companies is that initially they dont really know who their potential customers are...so they promote themselves with fanfare and confidence in the hope of finding their revenue partners.... This search for clients is always costly and wasteful as attempts for success inevitably fail ...until they come to realise what is possible and what sadly isnt... They should not have to spend much on software development...that has all been done...it is merely a case of marketing and selling what they already have
The first is the dire way this company has performed, and for all I know, may carry on in the same manor. It�s absolutely incredible the company is still trading. The total loss is now above �12M, cash that investors have handed over, to be poured down the drain. Ronald Duncan can�t be trusted on his past record. That�s history, but it has a habit of repeating itself, any would be new investor needs to know this. Onto the other side of the coin, hope that this company can at long last prove itself,namely by producing profits for shareholders. The chances of that are still only about 50/50. 2018 is the year that we will see what side of that 50/50 wins out. A very substantial rise in revenues of 100% on 2016 and 2017 is needed to see the company thrive. That extra revenue can come from 3 sources * New contracts , Higher revenues from mature marketplaces, and finally the NHS. Since none of the above did the job in 2017 one does have to question how on earth 2018 will be any different. ?
Investor - I was invested. Ended up losing about £20k on cbuy on the Duncan's pump and dump. Just remember the article was 4 years ago but the fact he was exposed by share prophits on his scam to sell his shares to fund his new house. He had option to buy back at higher price which he choose not to but then the plan........ mr sella. If u honestly think a guy of his stature is going to come in and spend his money - millions if I remember rightly to buy shares in cloudbuy then we are all steaming. I can't prove it and have asked the questions but In my opinion I recon that was also a plan to find a name for mr Duncan to buy his own shares back and some at use a scapegoat to keep his loss making company ticking along. Just enough time to squeeze more money out the company increase his holdings etc at no additional costs to him. Think about mr sella investment right now. Must be sitting on millions of a loss. U honestly think someone would have put that money into that company without massive amount of due diligence. I posted the article even though it was 4 years ago to warn new investors to be careful about how this company is run
Mr Gibbons has been slashing the cost base. From now on it�s about revenue growth that HAS to show in 2018. If the ongoing contracts can hold their own, not including the NHS, CBUY has a chance of not going tits up. Any new contracts would be handy but reading all the reports, all effort is going into the NHS. Funding is in place to get to profitability according to the board, let�s hope so,because if it�s not enough, the next round of funding C #�1.7M would just about kill off shareholders. Next week we get the cash number as of 31/12/17 and what cash was due in, and out. I would like it to be a clear �2.5M or more. That has to last up to the date profits are hit, leaving a chunk for working capital going forward.Not an easy task.
I agree...thelosses should be between �2m -�2.3m ... Although this is a big improvement it merely highlights the amount of investor cash that has been spent (wasted?) without obtaining any material revenue reward.. This year, I suspect it will be much more difficult to cut the expenses to the same extent...and as such...the revenues desperately needs to improve
Made it very clear revenues would be lower than the �1.8M forecast for 2017.That forecast also penciled in a loss of �2.3M for that year. I do not expect to see any improvement on those numbers next Friday.
My view is revenue will have increased but below market expectations - why else would sella stump up money. If it’s to take over the company with flat revenues then it makes no sense. They have already stated loss will be around half of last time!!
Said results will be dire with revenues flat resulting in a thumping loss, be it lower than last time. The only glimmer of hope comes from the funding RNS last year being enough to hit profitable trading.
Fully expecting numbers next week to be significantly better than last year. The caution is and I’m hoping they don’t drop some form of bombshell with them. But with the increased purchases in the last year by investors I’m hoping for a better outlook!
Since then we have had new Government directives. https://www.england.nhs.uk/wp-content/uploads/2017/06/516_IPC-Finance-and-commissioning-handbook-S3.pdf
It’s an article from 2014 - four years ago!!
'Former skier takes on dotcom giants with 'Amazon for business' is that really from today? Gobsmacking how Ron can remain so upbeat after all these years of dismal failure. Or perhaps it is all delusional....?
Are you a shareholder FB?
How people have stuck with this company after the Duncan's lied and mislead investors is unbelievable. Have no idea how a director can deceive shareholders by ramping the company up so high on this article and then sell his shares to buy his house but then finds himself a bullshit investor mr sella to buy back his shares at a fraction of the price. Honestly if I was looking at this company I would stay clear. Better prospects and this director is a proven liar https://www.telegraph.co.uk/finance/businessclub/10750705/Former-skier-takes-on-dotcom-giants-with-Amazon-for-business.html
Last year they were released on a Wednesday and I expect further improvement this time round