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Price is languishing so we need something to kick start this. My key concern is how much cash they have left after the last placing and the level of debt which I would rather was a lot lower
New opportunities? Or am I missing something
a link to what?
Can we have a link please?
That list is always a few weeks behind
Theincredibleme
I thought they would now be on this list ....so wondered if it was in fact the Microsoft list or his own company.. thanks
....https://cloudpartners.transform.microsoft.com/practices/microsoft-365-for-operators/directory
It's loopup getting on the operator connect program, as one of only 59 companies worldwide who can offer it. Research what operator connect is
Theincredibleme
is that Loop joining empowering.cloud ( https://empowering.cloud/ ) .. ?
At least someone on LinkedIn mentions them because Loop don't use their LinkedIn at all...no new posts for 8 months ..hard to believe
explain
Linkedin dot com/feed/update/activity:7051971863647805441
https://www.linkedin dot com/feed/update/activity:7051971863647805441
https://www.linkedinDOTcom/feed/update/activity:7051971863647805441
https://www.linkedin.com/feed/update/activity:7051971863647805441
Old monica69 may have a point, lol...
All-time lows breached this afternoon.
monica - nice to have you back, the BB is crying out for a troll that can't even be bothered to do research to find negatives.
Remember to up the pressure if the SP starts rising.
revenue has all but dried up. All the mooted contract wins have all just been about spin over the last couple of years with the intention of duping the holders and to a large extent they have succeeded.
Does anybody know the reason for the huge fall from grace, has the market just lost faith, had a quick flick through the trading update and it didn't appear at all bad considering the market cap.
Given they don't need to do anymore raising of cash through further dilution I think it's good news. The two people that have invested recently won't want to see their shares diluted further. One bought in at 25p so will want to see a few multiples in a few years.
Hi
from today "FY22 year-end gross cash of £1.7 million (FY21: £5.5 million) and net debt of £5.8 million"
6m ago gross cash of £0.7 million and net debt of £8 million.
diffrence £3.2m. that is the raise.
they should be profitable now
jdp
part of the 3p story is AIM related...the tide has gone out in terms of receiving money to push up prices....the leverage that was once around AIM has gone ...the cheap lending to leverage and speculate with... is no more, as we know
Poker - yes, that's one of the sad side effects of CEO's failing shareholders - they often score big on it and on occasion take full control of a company. Lets not forget Steve sold around £1,000,000 worth of shares as I recall at well over £2/share - that buys a lot of shares at 3p, neither is really using their own money. just recycling their benefits I presume as well as lucrative salaries they expect a big return from shares eventually
I accidentally pressed a button that led me to brokers recommendations for Loop and I don't think any of the comment now, but back in 2018 Numis had a buy recommendation and target of £6/share - how on earth have they managed to drive the SP to 3p and shamelessly both (CEOs) keep their jobs and full salaries. The target based on the information they where providing the then was 200 times the current price What an achievement.
So though I believe the RNS confirms the company has most likely turned a corner and has a bright future, I will never be a fan of the CEOs.
jtd
when they are buying shares with up to 25% of their monthly salary, it may well pay to keep the expectation lower and share price lower ....for now
Good news for a change, but a strange update IMO.
Revenue was expected to be below expectations as of the Dec 2021 update - and in 2 weeks to end of year it improves to finish up in line with market expectations. They provide an Trading Update and I think for the first time don't advise of current performance (Q1 position update). No current cash position either. IMO that means they are saving information, hopefully good to have a separate impact.
Also how can 2023 performance only provide a 25% increase in revenue when PGI potentially alone delivers 4 times the impact of 2022, and the cloud ARR provides the current year start figure of at least £1.8m and any added contracts in 2023. I think they have severely underestimated the potential and more to the point they have done it to allow them to claim success against market expectations. If we cast out minds back, I recall they said they couldn't estimate 2022 due to uncertain customer sign up rate - now they can do 3 years - really!! Those future performance expectations are carefully constructed now to claim any performance that should challenge a growth company with a decent CEO.
SP should be a lot higher based on the RNS, except without a current cash position or confirmation of adequate cash some may still fear a capital raise
This RNS largely draws a line under 2022 and also gives base line figures for the company to claim outperformance against. As I said in my last post the current cloud revenue run rate should be around £2.5m - even if it's half that the growth the market will now react positively.
I take the view that everything they say is carefully considered so the inclusion or absence of information means something.
Are you sure how on earth can they find salaries with hardly any money left ?
It’s progressing well and turning the corner with increasing revenue and subscribers towards profitability. No further dilution or cash raise.
Happy with this.