Member Info for bigsmoke

?? not so. see below.

i liked that, but also "Negotiations with several of these potential go-to-market partners are now at advanced stages... we will update the market as these opportunities convert in due course"

22-Jul-21 08:55:39 52.75 100,000 Buy* 51.00 53.00 52.75k O

Will need to wait the Sept H1 figures to check some points .

Some VERY positive claims there. But, if there is £20m odd cloud business at advanced stage (with some netted) then with the £34m ARR for LPC then we should be exceeding t/o for last year and with 20% staff cost reduction , we should be making great profit.

“Cloud Telephony: Indirect Distribution Pipeline Building

The Group is party to a growing number of material negotiations with major Microsoft partners, systems integrators and carriers, who are seeking a platform partner with differentiated geographic coverage to bring Microsoft Teams Calling to their international customer bases. Our value proposition is powerful in that it enables these organisations to work with a single platform partner globally - LoopUp - rather than multiple, country-specific or regional carriers.

Negotiations with several of these potential go-to-market partners are now at advanced stages, and the Group believes that such alliances present a highly scalable and valuable additional route-to-market in Cloud Telephony. We will update the market as these opportunities convert in due course.

Steve Flavell and Michael Hughes, co-CEOs of LoopUp commented:

"The first half of the year has underlined the validity and potential of our shift to a broader, more valuable platform strategy, particularly in the Cloud Telephony arena where our internationally-differentiated offering is really resonating with both customers and channel partners. We are taking the right steps to rebalance our Remote Meetings business alongside investing in the meaningful opportunity for growth that Cloud Telephony represents.

The acceleration of new customer wins is a significant endorsement of our Cloud Telephony solution, and while the Group as a whole continues to execute on its transition, the size, potential and value of our shift to a broader platform strategy continues to build."”

“Cloud Telephony: Material Acceleration in New Customer Wins

The Group has achieved a material increase in Cloud Telephony new customer wins, accelerating from three during Q1 to 15 now secured year-to-date. C ollectively, these represent a Total Contract Value ("TCV") ranging from a minimum of £1.7 million for initially committed deployment phases to an expected potential of c.£5.1 million as intended rollouts proceed.

A central theme underlying the majority of these customer wins is the broad international coverage of LoopUp's Cloud Telephony offering. In this respect, the Group remains comfortably ahead of its stated target to be a fully-licensed telecommunications service provider in at least 60 country jurisdictions by the end of 2021. The Group's global platform and IP backbone now interconnects with 18 carefully selected regional Tier-1 carriers to deliver redundant and 'highest quality routing' service to customers.

The Group's pipeline of directly sourced new Cloud Telephony opportunities remains strong with a TCV of £117 million, and the percentage of opportunities at an advanced stage has increased to 17% of pipeline value, from 7% at the end of March 2021.“

“Trading Update

Over the past twelve months, the Group has been executing on its strategy to expand its technology and business activities from a traditional base of Remote Meetings services into a broader, more valuable cloud platform for premium external and specialist communications. These platform capabilities now also include Cloud Telephony and Managed Events & Webcasts, both of which provide strong opportunities for long-term growth.

Group trading in H1 2021 highlights this strategic transition. In Cloud Telephony, we have seen a material acceleration in new customer wins, with 15 now secured so far this year, and we are optimistic about our pipeline of opportunities as detailed below. In contrast, our Remote Meetings business continues to see customers move to our more cost-effective committed term subscription and minimum spend contracts (now approximately 62% of total revenue), as well as sustained intense competition particularly outside of our professional services primary segment. We anticipate the positive trend for Cloud Telephony and challenging trend for Remote Meetings will both continue in the second half with a consequent effect on performance.

Specifically, the Group expects H1 2021 revenue to be no less than £11.5 million, approximately 13% below management expectations. EBITDA is expected to be no less than £1.0 million, driven by a balance of investment in the Group's platform transition alongside careful cost control, with staff and overhead costs running approximately 20 percent below average FY 2020 levels. Thanks to the accelerating momentum in Cloud Telephony, combined with new scalable indirect routes to market outlined below, the Group anticipates a return to top line monthly growth during H2 2021 and material annual growth in FY 2022 and beyond.”

https://www.investegate.co.uk/loopup-group-plc--loop-/rns/trading-statement/202107220700060523G/

“The rise of hybrid working is a big factor, according to estate agents.” There, you can trust estate agents.

The question is how much of that change is down to lockdown, weather or a result of WFH decisions.

Still, all positive for Loop , other than Zoom is the Beeb’s default platform.

“Figures up to June 2021 from the Rightmove property network showed a 115% increase in enquiries about moving from cities to a seaside town

Tim Bannister, director of property data, says: "It's a really strong indicator, a window into what's happening.”

There has also been a shift from most city dwellers…It's an out-of-city trend that applies to London, Birmingham, Bristol, Glasgow, Leeds, Liverpool and Manchester. The rise of hybrid working is a big factor, according to estate agents.”

Is … “exceeded expectations”

https://www.bbc.co.uk/news/uk-57892934

An interesting read

Nice of the delays wires to remind me :

Predator Oil & Gas Holdings Npv (PRD)
Director name: Pilbeam,Ronald
Amount sold: 1,465,561 @ 6.67p
Value: £97,752.91

Predator Oil & Gas Holdings Npv (PRD)
Director name: Pilbeam,Ronald
Amount sold: 1,395,253 @ 6.40p
Value: £89,296.20

Predator Oil & Gas Holdings Npv (PRD)
Director name: Pilbeam,Ronald
Amount sold: 1,375,000 @ 6.30p
Value: £86,625.00

Predator Oil & Gas Holdings Npv (PRD)
Director name: Pilbeam,Ronald
Amount sold: 849,980 @ 7.21p
Value: £61,283.56

she's been around a while. nothing untoward.

cyber - same q's were asked by many before - and likely the same person.

still ducking and diving , JimD.
This time next year!

looking a bit down in the dumps here.. maybe news soon?

tempted to start stocking up again.