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Resulting situation on the date on which threshold was crossed or reached
7.280000
4649374 downing just sold
Position of previous notification (if applicable)
13.930000
I don't know what you are expecting from the results? They will be as stated in November I expect. The devil will be in the detail of course.
The forward looking statement and news on debt will be the only thing to move this. If you are expecting exciting results then you are gonna be sorely disappointed!
Really hoping for some great results here as there has been a mix of buys and sells. I along with many others have been here since the takeover back in 2019 where the SP has subsequently dropped. We really need some good news to cheer everyone up as we know the fundamentals are great and we’re in a multi billion pound market. Let’s hope the BOD can reward us faithfully share holders with some good solid results as we move into profit and plans to clear any debt. Onwards and upwards all the way!!
Mark and the team quietly getting on with building the business. The share price will follow.
A good forward statement will help with debt repayment / refinancing conversations, these won't be an issue as the story is there for everyone to see.
Patience
Here’s hoping. If there is good news it’s been well hidden
Be great to see debt down in the upcoming results
Yes and another chunky buy today. Someone knows something. Will Mark pull it out of the hat?
Couple of nice buys. Will we see strength coming up to results...
CLCO are very tardy with results. By the end of March we'll already be waiting for a H1 update let alone results from last year!
Yes but clearly they will communicate it at some point. It's not due until October and in any case it's all owed to MXC so it's not a hard deadline and something will be sorted out.
Lets not forget they still OWE over £5.5 mil in debit, and they have still not declared how they plan to pay that back. Im heavily into this share at a loss and would dearly love to see this come good. But is will not start happening until they say how they are going to do that.
I hope so. I'm hopeful for a good year for CLCO. IMO this is a massively undervalued share.
That's true but on the other hand the share is not very liquid so it won't take much interest to move it. And a lot of interest from a great results update will put a rocket up it!
Whilst there has been more shares, the volume is still painfully low. I think they'll struggle to notably shift the SP without any substantial news or generally improve their PR. This is a massively undervalued company IMO, but will look too much of a risk to many potential casual investors. But I hope I'm wrong!
Its been a while since I've commented on here, but I think you could well be right with these predictions.
Adding in a 4th: 1 more acquisition.
Fingers crossed for a great year for CLCO. Its due
Steady interest in this the past couple of weeks. The results in a few weeks should prove interesting reading.
My 3 predictions for this year :
1) The debt will be refinanced, removing this uncertainty
2) The company will move to profitability
3) The share price will re-rate much higher
Here, here. Increasing revenues and earnings, less than 12 months to cash positive. Circa £2m worth of IPv4 addresses on the books.
The company will have several options. I'm expecting a combination of refinancing, pay down and possibly some conversion.
Also worth noting MXC converted for fair value over at Tialis. Fair vale here is 2p.
Income forecast more than enough over the coming year to start paying down the debt, and plenty of options on the table outside of that.
No chance at all of these "fading away"
Again, no information of how they plan to repay the 5million loan !!! that's why this will fade away .
From all the sales today looks like a lot of investors are not impressed.
CloudCoCo (AIM: CLCO), a leading UK provider of Managed IT services and communications solutions to private and public sector organisations, is pleased to provide an update on its trading for the year ended 30 September 2023 ("FY23").
Highlights:
·
Revenue expected to be no less than £26.0m (FY22: £24.2m)
·
Trading Group EBITDA1 expected to be in the region of £1.9m (FY22: £1.6m)
·
Signed 42 new logo customers in the year (FY22: 39)
·
110% increase in MoreCoCo ecommerce sales to £4.2m following growth initiatives
·
Identified significant monthly cost savings and efficiencies in acquired businesses
1 earnings before net finance costs, tax, depreciation, amortisation, plc costs, exceptional costs and share-based payments.
The Group delivered a solid performance in line with market expectations against a backdrop of a challenging macroeconomic environment, with revenue expected to have increased to at least £26.0 million (unaudited), growth of 7% over FY22. Trading Group EBITDA1 is expected to have increased by at least 18% to £1.9m (unaudited). The trading performance has been supported by an increase in MoreCoCo ecommerce sales and further cost savings and efficiencies.
With a number of the Group's business customers closing their operating locations, consolidating operations and reducing their employee headcount, the Group has exceeded its expectations in the number of customer contract renewals signed in the year, alongside further growth in new customers. The success of MoreCoCo, the Group's ecommerce website, is a particular highlight, with the initiatives to increases visitors and conversions leading to a 110% increase in sales to £4.2m (FY22: £2.0m) reflecting the global trend towards a next-day ecommerce sales experience for technology goods.
Despite the global economic and political challenges, the Group continued to make significant operational progress in preparation for an acceleration of growth when conditions permit. The Group's sales and support functions have been reorganised and optimised, enabling greater focus and collaboration across the different parts of the business.
In line with long-term market trends, a key focus in the year has been on strengthening the Group's Cybersecurity and Multi-cloud practices through the addition of new talent and partners. The Board believes these to be particularly attractive near-term growth opportunities and is investing the Group's resources in order to capitalise on them. Underlining our confidence in the opportunity ahead, independent sources estimate the UK's cybersecurity market to reach a value of $23.4bn by 2028, registering a CAGR of over 10%2. Similarly, the UK's multi-cloud computing market is cited as the fastest growing in Europe, with the worldwide market set to be worth $76.3bn by 2023, registering a CAGR of 28.3%3.
The Group's previously announced strategic partnership with Ingram
Well that rally didn’t last long !
I think they're going to find it increasingly difficult to keep posting negative comments about the company.
It's taking time for it to come together but I feel Mr Halpin has worked wonders since his arrival.
Every update has seen a positive move forward and I have faith they'll achieve their targets.
Noise elsewhere????
We just don't know why Freddie. But I'm not complaining.