Research shared31 Aug 2018 21:01
Did a bit of digging today and,I really do like what is going on here.
Toople really have turned the corner after a slightly difficult time. BTs days with the SMEs are numbered and tbh its about time.BT are a giant but they apparently do not care about SMEs.OFCOM slapped a £42M fine on BT for delaying tactics and this could rise to £300M.
Retailers generally are receiving a slow broadband service with little or no service and there are now a plethora of broadband providers who can provde a higher quality service and they can do it wirelessly.Goodbye copper!!!!
Goodbye speeds of under 10 meg.Hello speeds of 100 meg!!!
Toople are building on their marketing through at least two on line utility providers where they can sell Tooples broadband expertise and already this is having a positive effect on revenue.
Gross Profit is rapidly increasing and comparing a single quarter from this year to last GP was 57% higher.Last year revenue was averaging £100k This year it was £160k and that was before the announcements of these latest contracts.
Co founder David Breith has sold hs shareholding and I am not sure why? ANYONE? Peel Hunt picked it up and they have been selling into the market.Peel Hunt are now below10%. Looking at cash the company had £360k and are keeping a tight lid on costs.
This is not an AIM Company.Main listed!
The share price graph looks bad but with these new contracts prima facae this company looks like a fantastic opportunity to get in at not quite the bottom but definitely close to it.Directors have invested but they are in at nearly three times the price that is available today.Is this a buy well make your own mind up.I have
Anyone want to share some more info please!!