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Lawrence bought £1m at 20p as a private investment so I am not sure why you wish you bought at the same time.
Expect a break out here on., Be back soon
7.45p paid
Company was trading over £1 when peole thought they were done and dusted. Looks like Voda or UKF is gonna take them over and this could easily hit doubles today
...
If this happens it's the perfect compliment for their business. Just wish I'd bought when Lawrence did!!!!
Think this is about to rocket off
7s about to be hit.
You think this going back to double digits today?
remember there is only 47 mill shares and a lot are held tight MMs want them bad
Research Opinion: Strong Buy Price: 3.625 View Thread (2)Takeover Vodafone, UKFastToday 05:30http://www.channelweb.co.uk/crn-uk/news/2455899/analysts-pessimistic-as-outsourcery-puts-out-begging-bowl "Ultimately, despite the fact that Outsourcery says that it expects a solution to be found, it feels like its days are numbered in its current form, with a sale - to Vodafone or UKFast? - one possible solution." UKFast was not immediately available to comment on the suggestion. In a statement sent to CRN, Vodafone said: "We note the actions of the Outsourcery board and will be looking at all the options available, our priority being the continuity of service to our clients." Outsourcery (OUT) sale to Vodafone, UKFast? 26 Apr 2016 21:58:58 http://world.einnews.com/article_detail/323392255?lcode=ifL9-aar_tDjZgAUe9FHcu_txiJohMmtY3PNqfvgQpE%3D Outsourcery says that it expects a solution to be found, it feels like its days are numbered in its current form, with a sale (to Vodafone, UKFast?) one possible solution,” said Philip Carse, Megabuyte partner and principal analyst. Outsourcery's share price fell today by more than 35 per cent to 6.50 pence. The firm floated in 2013 and peaked at 130 pence in May that year. Last September, Lawrence Jones, owner of internet hosting provider UKFast, invested more than £1m in taking a 10.5% stake in the loss-making firm. In July, Outsourcery agreed a £4m term loan with Vodafone for the 48 months ending June 2019, with an attached warrant over 3m new ordinary shares at 30p per share.
The RNS is out. This is multibagging today. if vodafone or UKFast buy this out, this is gonna be a massive rollover today
or annonymous2 on ADVFN Can you not read an RNS has been issued
took some multi bagger time
GLA
I made a small loss here after buying in May 2013 at £1.21 and selling 4 weeks later at £1.20, after concluding the company had no substance and that buying was based on PL's "Dragon" status. In between these dates it did reach £1.40 but has been on a downward spiral ever since. There has been some serious mismanagement here resulting is some big losses for shareholders. PL's reputation is in tatters, along with this business venture.
the funding coming from, when OUT's record for sales growth is as it is. DYOR
Lawrence (UK Fast) have just got £40, of funding to help boost growth through acquistions. He may pick this up super cheap and transfer customers to his platform and remove the O Cloud platform and OUT staff costs. Remember that the only reason Voda funded them last time is they have 2 big customers on the platform and couldn't afford to see it go pop.
Hargreave Hale clearly saw this coming hence their selling large amounts of stock in February. I'd be surprised if OUT last another year. The end certainly is nigh.
Difficult to see a way forward from here. Laying yet more staff off and a fire sale of any disposable assets they have may keep the lights on for a short while, but it's hard to imagine any serious investment being forthcoming. Unfortunately that's Outsourcery's operating model. Spend piles of invested cash and loans, keep cranking the PR handle and hope for the best. Hats off to PL and co for keeping it going as long as they have. He's probably planning his exit strategy and his next venture as we speak. I imagine drumming up investment for it may prove more challenging. Dragons Den maybe?
I wonder if the my both took their full salary this year? Surely they both can't still be employed this year at that cost? No wonder they are burning cash........
If not the worst stocks ever listed. It's never ever looked like getting close to break even let alone make a profit. Just shows what a load of dragon dens hype can do, without it this company would have folded a long time ago. Still valued at 3.3 mil which is a insult to all those small caps valued at 3-4 mil that are doing well.
Outsourcery - making money disappear, as if by magic!
I have seen this coming since day 1. They were all over the place early on trying Hosted Email, IAAS, CRM and all badly delivered and too expensive. The market for these services was only heading down in terms of price / margin as adoption rates picked up. The finally settled and bet the farm on Skype for business (Lync) but they didn't really have any differentiator and much larger telcos have more to lose and would soon come to the party when the market was ready and have done. MS are also offering voice breakout as part of O365 so even tougher to get any traction. Final throw of the dice was Secure O Cloud for the G Cloud market. They took so long to get the accreditation an get this right and the market for these services is competitive and they just aren't well placed. PL is a great spin merchant who convinced a lot of people to part with their cash but that's all he is. No technology experience, no proven track record, just unfounded spin. They miust be close to running out of cash and cant see the market will have an appetitie to invest in more. I ave said many times that I believe they will take it private at low cost, sell it privately and claim a huge personal success so brand PL can continue.
Interesting to hear other people opinion on the options left for Outsourcery. They are struggling to get traction in a market that they have little relevance in. Out dated technology platform offering neither the automation or density required for a modern Cloud operator. I imagine a UKfast deal is on the cards, if Lawrence does take hard to imagine who will.