CloudCoCo Share Price (CLCO)

So I had a look at the recent annual report, and to my surprise it said:

(MoreCoCo E-Commerce Platform) MoreCoCo, our scalable e-commerce technology business, has been a particular success following a rebrand and improvements made to the site. We saw impressive growth during the year in MoreCoCo which saw sales from the site increasing 100% to £7.4m (FY23: £3.7m)"

So a New Rebrand causes sales to explode 100% in 1 year £3.7m-£7.4m that's a lot? and we don't know how half year sales are doing this year as its sept 2024 year end report. Sales could already be up another 50%-100% this year and we don't know yet ?

if there is an continued increase in ecommerce sales at the same rate then a valuation of £1m market cap certainly does not represent this company.

I had a look here also it says its undervalued: Take a look. hxxps://simplywall.st/stocks/gb/software/aim-clco/cloudcoco-group-shares/valuation

Indeed Persian, coupled with no debt and cash in the bank, the current market cap is wqy too low. I'm expecting a bolt on aquisition which will turn the company profitable.

(MoreCoCo E-Commerce Platform) MoreCoCo, our scalable e-commerce technology business, has been a particular success following a rebrand and improvements made to the site. We saw impressive growth during the year in MoreCoCo which saw sales from the site increasing 100% to £7.4m (FY23: £3.7m)"

So a New Rebrand causes sales to explode 100% in 1 year £3.7m-£7.4m that's a lot? and we don't know how half year sales are doing this year as its sept 2024 year end report. Sales could already be up another 50%-100% this year and we don't know yet ?

if there is an continued increase in ecommerce sales at the same rate then a valuation of £1m market cap certainly does not represent this company.

4 Vs 2 after the shake

4 Depth

0.3 2,000,000 14:20

0.31 2,000,000 14:21

0.35 2,000,000 13:37

0.35 2,000,000 14:09

* tick up