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Nah, they prefer Beamers loaded with all the extras. Racier.
Aren't directors due new cars?
Must be the option of another fund raise to as least buy a couple more S Class??
Maybe, but I wouldn't worry too much about manipulation now, the SP has already been manipulated to peanuts, any more and we'll be paying buyers to take the shared]s off our hands.
The big issue now is the refinancing of the debt - shouldn't be a problem if they deliver profitable operations in the coming months - but nevertheless it's a drag. The fear will be that the deal will include an element of capital raising (lenders often demand it to mitigate their risk) - so logically those that will provide the money will want a cheap SP and as a consequence the chance of a rise prior to a settlement are slim, unless they produce some surprise good news. None of the sales I've seen recently suggest a big player is buying / selling.
There were no surprises in the results and it's good they are now behind us and they had little impact on sentiment which is already trashed.
I've been trying to see growth trends, CLOUD ONLY, for some while and it looks like ARR is growing by 50% every 6 months equating to a factor 2.25/annum.
That is really impressive compounding though clearly it will tail off - it's just a matter of when. So IMO operationally things are looking good - we could just do with some surprise positive news.
Someone explain the tiny trades, like under 10 quid. Seems like price manipulation.
Is a buy not a sell. Interesting.
The results here are very old now and almost another 6 months has passed by since....
The market knew what the results were likely to be..no surprises there
They have a good relationship with their lenders and seem to be following the requirements of the loan and keeping within covenants ....and it seems likely they will aim to pay another part of the loan back during H2 from the increased revenue received
Seems likely that if indeed they achieve what has been required of them with regards to their loan facility, the lender will extend the situation for at least another 12 months but continue to maintain covenant requirements
It is normal that a loan review isn't fully settled until closer to the date i.e. September...so it isn't exactly unusual that it has not been finalised just yet...
Doesn't seem too much of a warning to me ...in the sense that it is a process that is merely following a timetabled schedule with the BOD not highlighting anything that may cause an issue in achieving the process...
As they cannot predict the lender´s final decision at the point of the review decision they have to add the idea that is might be recalled.... but there isn't anything to suggest that at this moment in time
I hear you disco, but they don't need to comment on it. They could've correctly notified the debt position in the accounts and left it at that rather than also highlighting it in the narrative. Seems like a warning to me. Hope I'm wrong.
I disagree with that assessment. I think it's more to do with the fact that they can't not comment on it- and as a result they have therefore commented on it.
Turnover Q1 £6.5m don't forget. Run rate of 26m per annum which is 10m more than full year 2022. They should easily be able to cover the repayments and interest given a lot of expenditure is non cash.
Market's not finished reacting negatively to those full year results published 2 days ago - 2.3p to sell this morning - suspect people are spooked by this, tucked away in the outlook section:
"The Directors also draw attention to the Group's senior debt arrangements with Bank of Ireland, where £6.8 million was outstanding at 31 December 2022 (c.£6.0 million following a repayment in June 2023) of an original principal of £17 million borrowed in 2018. This debt facility comes around for repayment, extension or refinancing in September 2023, and while the Directors are confident in the Group's ability to do so, this is nevertheless a project that needs to be successfully executed".
That looks like fair warning of a capital raise to me.
I think this will be considered to be a much brighter bet once the finance is renewed. IMO market is waiting for that. Increased revenue this year should translate to bottom line if admin costs can be kept under control. At least a lot of expenditure is non- cash.
“Showing some profit” ? . £12million loss after tax for FY 2022
The big improvement in H2 suggests FY 2023 should be better but i dont see it “sky rocketing”
At least they're operating and showing some profit. I believe that once good news of contract conversions comes in, this will skyrocket.
There's also weird share deals happening daily, like who's selling a few quids worth then buying amounts for a few k? Manipulators?
I'm sorry to hear that Sid. I'm 85% down, but position-sized small before thankfully realising that this was indeed a lifestyle company for the directors, as you imply, and stopping further purchases there. Won't bother selling now - I'll just see what happens. Good to keep it on my list with a big fat -85% next to it, to remind me of my bad ones.
Any investment in this s*** company goes straight to Laurel and Hardy's pockets. I've lost a good chunk of my retirement to those dodgy clowns. I hope they are enjoying it
... the share price takes another leg down... now at 2.5p to sell.
Inevitable it seems.
> At least they are not stagnating, the product was only released at the end of 2022.
I'm a software developer and this means absolutely nothing. Everyone is using ChatGPT for coding and scripting because it saves time.
This statement by them means absolutely nothing.
Thanks - they appear to be trying to look like trailblazers - the budget has surely constrained them for the last year or so, but now they have for higher revenue perhaps they'll start up / restart some PR/sales initiatives. Like an up to date customer story or two.
"collaboration solutions" is in their Wikipedia page as of Feb 2023, but has a "[clarification needed]" tag next to that text ! ..... collaboration is the new buzz-word ....so..not surprising they are using it.... all about working with partners
Apparently, are still developing their software and working with smart technology.
I just read a new atricle about a new AI products that companies are using to help develop coding quicker, theres a quote from Loopup in it:
"Working smarter
“I've used it already – generating Powershell scripts and pernickety Excel formulae. It saved me so much time,” says Mark Evans, IT director at Tillia Homes. “ChatGPT has allowed me to ‘work smarter, not harder’.”
Chris Stanley, VP of network operations at Loopup, has had a similar experience.
“PowerShell scripting using ChatGPT has helped my teams reclaim a lot of time, definitely working 'smarter' just from this one example, it's also great to use for policies,” he says."
At least they are not stagnating, the product was only released at the end of 2022.
Also I noticed if you Google search Loopup they are now described as a "Collaboration Company" - what is that and when did they change - does it represent a more to expanding services?
I think they know what they're doing and not stupid. The recent share scheme for staff means that they will all profit from any kind of rise. And the share does rise on the smallest of news. It isn't dead quite yet.
" there is just no faith in the current directors"
And yet they never get voted out at any annual AGM by the key shareholders that own a lot of the shares
That's also my position, well down and no intention of buying more, there is just no faith in the current directors - no matter that an objective analysis of the prospects suggests a major change either going belly up (raising capital) or having a major growth spurt, no one is interested.
Yup. It's pretty much a forgotten stock now. All the hopes and interest from a couple of years ago has been replaced with disillusionment and has moved on. My own holding is 85% down, but I position-sized it very small 'cos I knew it was high risk, so I don't care much about Loopup anymore. The shares are at the very bottom of the dusty bottom drawer.
In that context, your post, jointhedots, tingled a little interest.... not that I'll be topping up.
It'll be interesting to see if they fail to do what you say and are forced to tap the markets again, if there'll be any investors out there gullible enough to continue to fund the company and its director's lifestyle one more time!
With a market Cap of just £5m after shareholders pouring in 10s of millions of pounds and probably in excess of £100m in total only to lose their shirts, one trade today and no one posting on the BB for 2 weeks, it is not hard to deduce this company has a serious credibility problem.
It is astonishing that the SP has crashed after the company acquired a huge chunk of business, supposedly very profitable business, that has resulted in a projected profited of £1/2 million. Yes EBITDA profitable (even with the unexpected higher one off year end costs they highlighted ) See below, they turned a £1.5m loss at half year to £1.0m at year end - that's surely a major turnaround, essentially / obviously resulting from the increased turnover from the new business with an improvement in Cloud revenues.
From update:
"FY22 Adjusted EBITDA1 loss in line with market expectations at approximately £1.0 million (H122: £1.5 million loss; FY21: £1.2 million profit)"
Clearly the Cloud expansion effort has swallowed up any available cash and more for the last couple of years, if the Cloud business starts to generate a profit (and it should soon)or even simply stops being a drain - then the company should turn in a respectable profit for 2023.
Notwithstanding the woeful and over-compensated CEO's that have got their claws well and truly embedded in this and won't do the decent thing and resign - this company could enjoy a dramatic turnaround, not to the dizzy height of £4 to £5 it once enjoyed, that's lost for ever, but easily above 10p.
I think Tuesdays 2.70p was the low. Its been forming a bullish falling wedge pattern on the chart since last April. Plus the MACD has been bull diverging since January. In other words downside momentum is becoming spent. It wont take much now to trigger an upside run. There has been a false downward break of the lower downward sloping trend line recently and i think that todays rise is the next sign. Resistance sits around 3.5p, but through there the target is 8.3p. I have posted a chart on ADVFN on the bulletin board for Loop Up, as i don't know how to do that on here.