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In last couple of hours have purchased 100k and 50k of shares at 5.05p. Both went through as sells as did all the share deals in that same period.
Whats the mm up to?
Andrew Scott knows something..... How's the Partnership with Microsoft going?
Telefonica deal?
£19m revenue,
Loop up are doing good things, just need to accelerate growth.
Sp is bargain for what they have potential to achieve.
should Scott buys LOOP UP to take it private, Then surely last 12 months highest price must be paid.
Time for LOOP to take advantage of the macro Economics situation and get big contracts for Loop up
https://www.businesstraveller.com/business-travel/2019/02/09/billions-are-wasted-on-unproductive-meetings-report-says/
Opportunity to invest, but not for the private investor? Surely anyone buying now is aware they may lose out later?
'Given the price drop today, the opportunity to invest at this price is stinkingly good'.
I agree, There's something happening with LOOP ON dropped from 242p (2020 Aug) 2020 to 5p today
this company could Bounce very hard, with Economics looking bad Most companies reducing Face to face meetings so LOOP with the tech should do really well from current position.
GLA and Dyor
Scott has the majority of holding. It puts him in control to lead a buyout. I have commented here for a long time that LoopUp could return to being private, planning a later sale, what else would be the continued motivation of the high stake investors. Ordinary shareholders will lose out, as a reasonable offer will be less than they bought. On a brighter note, despite the pound falling, LoopUp collects revenue globally. So the new PGi revenues will have a gain over the forecasts relative to the US$ rise against the £. Given the price drop today, the opportunity to invest at this price is stinkingly good.
Former director now a NED. Its unlikely they would get the placing away in the current market with out director support. Was 12 months to the day they raised £8.8m at 25p
84% dilution in 12 months for the poor sods who got stuck in here.
Maybe he believes he can get sp back up
Board member of Loopup https://find-and-update.company-information.service.gov.uk/company/09980752/officers
anyone knows who is Andrew Scott and what has tempted him to buy 25M placing shares?
What a terrible company...
Is there any hope? What could the share price become?
The Placing was inevitable.
Hadn't appreciated the sheer size of these capital raising documents - I guess if you manage a lifestyle company, this is the most important part of your job.
I won't be subscribing.
The only explanation I can come up with is that Kwasi Kwarteng bought them. At 4.6 to sell today who else could have made such a terrible decision.
Evidently the company cars need changing, and the CEO has not had a good holiday for 3 months...dig deep lads.
Typical late after hours RNS re new share placing at 5p …. I think they do it hoping that no one notices!
A terrible give away to the rich by the chancellor - social unrest is being stoked IMO.
However, that is not we are concerned about WRT Loopup, as I pointed out recently the fall in sterling against the US dollar should be positive for Loopup as a large proportion of receipts will be in $.
Currently the £ is dropping like a stone as the markets are not happy - down around 1.5% currently.
Bob - yes trust is an issue and needs restoration for a significant recovery, but what we have seen since the SP uplift on fantastic news is unjustified by any measure.
IMO it is actually down to other factors rather than any intrinsic problem, boredom, lack of interest and perhaps most important the general market pressures - IMO it may present a great opportunity for the brave (though some might say foolish). Time will tell
Not much to discuss here, hopefully they are getting on with the rollout of services to a plethora of new customers.
I honestly believe they will have been very conservative with their conversion figures having learned their lessons on overselling Cloud progress for 2022 in last year's RNS's - I'm hopeful they might at long last out-perform in this new opportunity and that might go some way to restore trust/confidence
just lack of trust in the company. Will be a case of seeing is believing as far as the tangible impact it has and if there are other deals to build the company profile up on rather than all eggs in one basket. Watch this space.
JTD - I agree. SO no big bang roll-out, rather it will be phased. How they categorise customers and manage each phase (grouping) with their limited resources comes down to management skills.
Remember PGi kept acquiring for a growth of revenue, despite the decline of revenue per customer. You can't "right size" for now and shrink easily later, taking on staff and infrastructure comes with commitments. Loop can not afford that burden, nor will they make the same mistakes.
"it is unimaginable that they were simply transferred" Quite, and despite your past tense, they haven't been transferred, according to the last RNS the first batch have only just been notified.
PGi are not simply turning off customers on a given day, reading into PGi they have made this agreement as a best endeavour to shed costs and reduce debt. So PGi will be continuing service until collectively with Loop they agree on batches to transition, those that don't transition I expect will be able to continue with PGi until a given date.
I'll hazard a guess "the first and largest batch" per the RNS will be the smaller enterprise customers, where the transition can be largely automated for quick wins. After the first, I would anticipate batches to be categorised with more attention. Attention that focuses the transitioning customers spend from a propriety conferencing service to Teams driven.
Loop has agreed on a revenue share deal, for customers that transition, and no more. If I am wrong, the burden of costs set against declining revenue will drag Loop down.
Of course, we are all at least a little sceptical, but we have to retain a logical approach.
WRT the potential new customers, I'm sure discussions will have been held with them prior to the transfer - it is unimaginable that they were simply transferred without some reassurance on Quality of Service, security, costs etc.
My previous comment about transferring infrastructure, facilities and possibly staff is tied in with the above, the service will surely be transferred with as little disruption as possible, that means familiar protocols and service factors - the only way Loopup could possibly do that is use "SOME" existing arrangements and transfer essential staff - there is no way Loopup will have recruited and trained sufficient new staff for a "Big Bang" rollout - they've been trimming staff to the bone for a couple of years.
That doesn't mean they will be top heavy on costs - they'll right size dependent upon customer numbers that stick with the service. I also would expect them the run a parallel service to replicate the existing arrangement rather than give them an ultimatum to change - that was a disaster with meetingZone customers. Many companies actually don't like change and IMO they are the main target group.
Its clear that connections over the phone to the cloud is declining , however there's still a market as in many cases when connecting to teams on the odd occasion i use my phone connection.
It would appear that all the big players are now struggling with profit on the telephone system as need a large base of networks.
We know Loopup have the No1 spot in telephone connection legal network licence , at same time trying to advance there own cloud network in the background.
We may see more deals in the future of this type.
"It must also mean Loop are getting some of PGI's infrastructure, facilities and maybe staff or they simple could not manage the transition of so many customer".
JTD - I hope not!
You have probably just blundered in part why the revenue number seems conservative... Loop have an infrastructure, they also have an equivalent conferencing product so I can't imagine any appetite to take on PGi costs. I make the assumption until each transition, each customer will remain managed by PGi not Loop Up. As you touch on moving an enterprise service will bring friction, and to move each customer will end up being a mutual decision by the customer and Loop Up...
What you're most certainly recognising, the success of this new revenue is down to how Loop manage with limited resources, especially considering they must be ultra focused on the new portfolio, not to mention LinkedIn indicates they are operating on less employees since a couple of years back.
The last thing Loop need is greater cost, even with the new revenue, given it's declining. What we really want to see is Loop convert the best customers to their new portfolio and see economies of scale come from the PGi capacity on Loop Ups existing infrastructure.
You are absolutely correct todays RNS is setting plausible expectations, let's hope this starts a new era of investor engagement and communication from Loop Up.
That RNS is very important IMO as it dispels any suspicion that the deal was exaggerated in some way or would take much longer to roll out (the trolls would otherwise have started on that tack, building doubt, very soon) - new revenues will indeed start rolling in and could even beat expectations rather than fail to deliver.
Even if the market does not react - it's great news, quantifying the potential in terms of real customers.