Very comfortable with the team, they are so very confident with these major contracts in the pipeline and expecting the first signed before the end of the month.
M/C will start to increase, looking at the trades appears buying pressure in back after this updated interview today
All the advise I gave to the de-rampers were to buy at 0.26 was free.
Look at the SP now almost 1 bag.
This doesn't matter as the SP will continue to move north as revenue and sales run parallel pushing the M/C well over multiples of todays'. 1p plus very soon
NO need for an overdraft has the interim figures will show revenues received during the last 6 months.
We now are receiving 36 monthly payments of the £3.5M contract thats been confirmed.
Add together all the values of the contracts and sales from end of last year too now....plenty funds available.
And as you mention there is still the remainder of the £1M cash
Looking so positive lets hope for a late RNs after hours today which will bode well for the mm's to uplift TOOPLE's real value
At the AGM Richard Horsman, Non-Executive Chairman, will make the following statement regarding current trading:
"Over the last few months we have made tremendous progress and I am very pleased to announce that Toople is showing strong growth, proving that our strategy is working.
We continue to grow our customer base every month and correspondingly our revenues are also growing across many of our business segments. Gross profit continues to improve substantially and EBITDA remains largely similar to last year as we continue to invest in our direct marketing and sales operations, which as is being evidenced, is laying the foundations for our future sustainability and growth. Our cash position remains in line with management expectations.
December is typically a month where SMEs do not change their service providers, however we experienced a strong month in December 2018 with a large number of new customer signups in excess of 300% when compared to December 2017. 2019 has started in a similar fashion with January being another record month in terms of net customer contracts won (242% of January 2018 level) and February (243% of February 2018 level) showing significant progress in our key metrics when compared to last year.
Our success is being driven by our digital marketing strategy and the investments we have made in this area are clearly paying off. We continue to offer premium quality customer service and our customer satisfaction scores are outstanding compared to other well-known UK providers. The increase in costs from our investment in bringing the sales team in-house and in digital marketing are largely being offset by an increase in lead conversion and sales. The majority of these new clients are on two year fixed contracts, giving us clear visibility of earnings.
Another growth driver for us is our partnership agreements. We have evaluated this area of our business including an assessment of all our legacy contracts as historically, this area of our business has delivered low gross margins. Our strategy is to only sign new partnership agreements that deliver gross margin improvements. Furthermore, as old contracts come to an end we are either renegotiating or terminating those agreements.
During the year we have continued to sign new partners across a variety of sectors and we expect to see overall gross margins in this area to improve over time. I am pleased to report that the GBP3.5m contract win announced on 29(th) August 2018 has now integrated the Toople Merlin billing and provisioning platform into its business and the first batch of customers have successfully completed billing. The second batch of customers is expected to complete provisioning and billing during April.
In case you new investors wondering why the sp is going north. Read this from the CEO
The Board is pleased to announce that the interim results are expected to be in line with management expectations. Turnover and gross profit continue to grow substantially and the Company's cash position remains strong with in excess of GBP1.1 million as at 31 March 2019.
The Board is pleased to report that since the Company's last update on 22 March 2019, Toople has continued to make further significant operational and financial progress. Following strong trading in January and February, momentum has continued and March 2019 was a record month of small business sign ups contracting directly with Toople.
In addition to the new customer wins Toople is pleased to announce that the GBP3.5m partner contract win announced on 29th August 2018 (which has now been successfully integrated onto the Toople Merlin billing and provisioning platform), continues to perform in line with expectations and the first batches of customers have been transferred over to the Toople billing platform.
Andy Hollingworth, CEO at Toople commented:
"Toople has ended the first six months of its financial year, as we began it, trading strongly, with our digital marketing campaign and investment in in-house sales paying off.
You still can't digest that Toople in May 2019 are not the same company in Sept. 2018.
Back then the raise was for staff and administration to service a call centre and a £2.2M was to see the company through to cash, self supporting position.
They have managed to get a £3.5M deal of which they would of started receiving revenue as from 1st March 2019, plus all the sales and contract since Sept 2018 to now which the CEO has stated each month has been a record month of sales to date.They have sent only half of that amount getting well ahead of their expectations.
This means TOOLPE are and have been generating Cash each month since Sept 2018 every months ever increasing sales. This will have a very positive cash revenue in its incoming ledger on a monthly basis which in turn leaves the existing £1M as a safety net.
Even the CEO has stated he is incredibly surprised how each month sales have increased every month.
TOOPLE will disclose all the last 6 months total sales and more importantly the worth. £££££"S of these contracts that will bring TOOPLE revenue over the next 18-24month.
Your constant negative views will make anyone wonder why you're invested here and trash the company.
You don't really make any sense. And yes wow money in the bank that is no longer needed to service the sales team as the sales contract will take care of that expense. Even more reason how the CEO has turned around this company exactly as he indicated 3 years ago.
I expect the results are going to be much healthier than everyone expected. Not long now for the interims that will confirm all this.
Investrip
Why can't you believe the SP is rising due to the fact the markets have realised TOOPLE is generating cash and no need to raise which you seem to be blinkered in believing your own fictional stories.
Toople is not where it was 6 months ago. It's moved on into a proper sales and contracting revenue based platform that will generate revenue. You can't twist these facts. Also don't forget they still have at least 6 months min ( from the £1M cash left from the £2.2M placing ) without any source of other income.
If you add the revenue that Toople will be receiving each month, then the likely of further placing will be ZERO.
I just wished you had purchased some a few fews ago at 0.26p now treading 0.4p and soon 0.6p.
Hoping for a huge drop in the sp is extremely unlikely as we are now generating CASH.
Next RN's will state this. I can't see the SP other than rising north where eventually I expect it to settle between 0.6p-0.75p in the short term before moving to the next stage end of year to 1p-1.2p plus
Not so cleaver now R U ?
You should of taken my advise and buy at 0.26 when you had the chance.
Thats why I am where I am and you are there enjoy your losses. If you had listen to logic and not bull shit all the time
you would of made an easy 25-30% in 2 weeks.
You can'd distort FACTS.
Enjoy your trading days
Jungmana
I shouldn't waste your time on D14MOND his capacity of a pea size brain sees only his downfall with TOOPLE.
Can you believe he still doesn't believe the words of the CEO that has made fundamental statements of how progressive the company has moved on.
Maybe D14MOND has lost his lust and is just an old faded facet stuck in the past
From the person who really knows - CEO
22/3/2019
14 min 20 sec onward
hTTps://www.**********.co.uk/articles/reabold-resources-versarien-toople-nuformix-and-russ-mould-920f3bc
"We already know that March (2019) will be a record month again for us...We absolutely do not need to raise cash...funds are enough to see us through to cash generation...our cash position remains absolutley in line with our expectations and our working capital forecasts, so let me be really clear, we are not in the market looking to raise any funds at all...85% of customers we talk to we convert and they end up signing a contract with Toople...Our ambition over the next 3 to 5 years is to take 5% of that (UK SME) market".
Cond,
Toop-Market-Share-IV
VOX report 22 March 2019
Justin Waite
"Andy, what's your ambition here, what's going to happen with Toople because you seem to be going quickly and going very well."
Andy Hollingworth
"Well the ambition is, if you look at the small business market, you know there are five and a half million small businesses out there in the UK.
Our ambition over the next 3 to 5 years is to take 5% of that market. That would make us a significant business in customer base size and in revenue size."
Andy Hollingworth, CEO
Andy has worked in the Telecoms Industry for the past 25 years operating at senior levels.
As Director of Wholesale at TalkTalk Plc he lead a growth strategy in the UK reseller market from sub £50m turnover to £250m turnover (£150m net profit with around 30 staff).
Andy then moved into an underperforming area of TalkTalk, the small business and corporate segment, and whilst there moved it
from 18% customer loss into growth of over 3000 customers per month within 3 years.
Contract / Partner News
25 Sep 2018 - 9 partners signed up - "expected to provide a significant positive impact on both wholesale orders and revenues."
29 Aug 2018 - Well known SE-based Reseller £3.5m starts March 2019
23 Aug 2018 - SE Reseller multi sites high street national
05 Jul 2018 - Tech services company - Toople to provide their customers' telecoms solutions - "expected to have a material impact"
05 Jul 2018 - Energy company portfolio expanded to telecoms and broadband - Toople made provider of choice - "expected to have a material impact"
25 May 2018 - Utility Switching Company contract - access to 35,000 SMEs - Initially 3 years
21 May 2018 - SE Telecoms provider - at least £360K over 24months
11 Apr 2018 - Tyre company contract
26 Mar 2018 - Bakery chain contract
Toople have been adding new partners into the business - VOX report 09 November 2018:
Andy H, CEO "...I can see that in the last 60 days there are something like 18 or 19 wholesalers that have signed up to connect into Merlin to take white label..."
That's averaging 9 new partners each month and they have been doing this "under the radar" for 6 months - POTENTIALLY 50+ NEW PARTNERS SIGNED UP!
With conservative figures of 3 rgu's per week from each partner, over 1 year that would generate an extra £2.5million revenue p.a. and Toople will continue to expand the partner base.
Example based on broadband contract @£28pm = £336p.a. --> 3 x 50(partners) x 50weeks x £336 = £2.52 million p.a.
Richard Horsman 17Dec2018: "We expect this channel to achieve continued growth"
Those of you that are still in denial, here is what the CEO stated on Friday.22nd March 2019
Hope the capacity of your brains can absorb factual knowledge as no doubt most of you been in La La Land
GLA
Costs Reducing
The cost of acquisition per revenue generating unit, a key metric, reduced materially in October 2018
The cost that the carriers are charging Toople is going down - the carriers are giving Toople a better deal as they become more significant
As a business we can probably grow exponentially 20 30 40 times bigger than we are today without actually having to add any heads into the business - That really is a key asset in terms of Merlin (CEO, Presentation, 02 Dec 2018)
Exponential Growth
"Growth is exponential..the business is in a really good place and shape, and is well capitalised through to positive cash flow generation....the opportunity for Toople is massive."(CEO, Presentation, 01 Oct 2018)
"Over the last few months we have made tremendous progress and I am very pleased to announce that Toople is showing strong growth, proving that our strategy is working."
(Richard Horsman, AGM statement, 22 Mar 2019)
Fully Funded
Director's Talk Interview: 20 December 2018
Q. You also completed a successful fundraise this year (in Sep 2018), can you tell us what that was for and does that mean you'll need to raise more money in the short term?
A. Certainly not. We're very pleased with the fundraise that was over subscribed in September, we raised gross £2.2 million and that takes us through to cash generation. So, in the short/medium/longer term the board believes that we are fully funded. (Andy Hollingworth, CEO)
VOX Report: 13:15 22 March 2019
Justin Waite
"I had someone on social media saying "they probably need to raise cash soon" and you say here that your cash position remains in line with management expectations."
Andy Hollingworth
"Let's quash that straight away - we absolutely do not need to raise cash. If I remember, from the fundraise that we did last September, we absolutely made a statement at that fundraise that those funds were enough in the boards opinion to see us through to cash generation. Nothing has changed in any way, shape or form and our cash position remains absolutely in line with our expectations and our working capital forecasts. So let me be really clear: we are not in the market looking or needing to raise any funds AT ALL."
you carry on with all your short sighted visions.... whilst I carry on relaxing here with blue skies, warm water and enjoying the wealth of my investments over the last 35 years.
I see a great opportunity here when I see one, and will be back to post when you doubters realise how you missed the boat.
Market Cap here will be over £35M in 2 years.
Meanwhile watch your shorts !
I don't expect any dividends to be paid for at least a couple of years. HOWEVER !
The business module does and will create huge revenues in due course capturing 2-5% of the market it is chasing.
As with most companies that start without financial support from banks is often driven down a path where we see too often share dilution which unfortunately the Markets dictate how much one can raise and at what price.
TOOPLE is no different than any other companies when it comes to asking for temporary support financially and raising funds to get where it's at today has come at at cost. With almost 1BN shares in issue. This isn't a problem as the M/C is still in its infant stage.
Now we have heard from the horses mouth that has quashed all doubters here regarding funding etc, from its RNS and Voxcast clearly demonstrates TOOPLE is moving forward fast and in the right direction.
I believe TOOPLE will in future will raise funds via a consolidation giving existing share holders 1 extra share to every 2 shares they own and be offered an incentive to buy further shares so the company would have sufficient extra funds to pursue and explore other avenues, Example - provide mobile phones SIM cards and any other android apps that would benefit and expand its network. Just like its competitors BT, EE and so on. Even through your TV network, Broadband plays a big part as most modern TV's are smart TV with built in apps.
With the consolidation in shares, and an uplift in the M/C we will see huge returns per share value to share holders.
There be some of you totally clueless what I am talking about but those that do will take every opportunity to increase their holdings here especially at these levels before the significant re-rate of the M/C when further RNS release revenues and sales figures in the half year report next month.
TOOPLE is now a real competitor as each month demonstrates further sales.
GLA
Great news, Funding from previous in line expectations 300% up Etc Etc Etc......
Markets will close this today 0.29 -0.3p with steady further rise on sales & Revenue to be announced shortly.
Today was just a Statement to kill all those doubts ready for the meeting this morning.
I expect another RNS by close of day or Monday with further UPDATES of figures.
One thing is for sure the bottom was yesterday,