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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.
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!
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.
" 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
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.