Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Theres no £50 million government contract..
Toople is nothing but a reseller, theres nothing different about them than the next reseller down the road.
The Govt is investing in infrastructure, which Toople simple are not involved in.
the RNS is terrible because its making it appear like theyve won huge amountsof business.
Lets break the new contract down
5 sites of superfast FTTC plus 4G assured.
On their own website
Superfast Fibre Essential + Digital Phone Line + Unlimited 5G SIM is £42.95,
so thats £214.75
Lets add in 5 phones per site.
BT Cloud voice £12.75
£318.75
Some mobiles Lets say £250
thats £783.50.....
But thats not MRR or Revenue, because they are reselling for BT who will bill it themselves. So theyre on a %, Lets say thats 20% which would give a commission of £5641.20 over a 3 year deal...
Does it now look like a worthwhile RNS?
They should be winning these deals every day... not announcing one in an RNS like its a miracle deal.
The worst part is the rampy RNS.... "In addition, we are beginning to see acquisition opportunities as a result and we are well-placed to consolidate this market."
How does a business with £6 million TO consolidate the market...
Consolidation is what Shell is doing with the post office, what PE is doing with Talktalk.... buy a small BT reseller out isnt consolidation.
DMSL didnt make any money....
Your correct, it acts as a reseller, taking a commission on products sold... Its not billing 400,000 units themselves. BT do that. Which is strange because less than a year ago Andy was ****ging BT off at every opportunity.
They've entered the residential market... one built around price, and lowest cost wins yet you'll never please the customer because theres so many issues in the home that cause interference.
They should be focusing on bigger deals, its much easier to support 1 customer who pays you £2000 a month for a leaseline and voip than it is to support 100 customers who pay you £20 for their home broadband... Whats the margin on £20?
Not at all, Been here long enough to know how Toople works unlike newbies who think like you.
To get to 0.2... your talking about a mcap of £7 million, for 0.3 nearly £10 million... both are daft given the current financial situation at play.
I was going to ask them to credit check themselves on it to see the result... but given you have to fill a form in a wait for the answer didnt think it was worth it.
Creditsafe updated the rating to 29/100 and cash transactions only this week..... Says it all really
Talk the small loss and move on.... if you dont get out soon, this will re drift to 0.5 or below. Theyl be no news now until another raise.
The likes of TT will never buy this off the market... On telcos, its mcap over values it for a sale or acquisition unless someone really wanted to do some sort of RTO, especially since they'd be expected to pay over the current mcap.
Its not, its an error in reporting. Its 10k
Mr Hollingworth's beneficial interest in the Company comprises 38,843,220 Ordinary Shares.
38 million is equal to £25670..... someone just isnt clever enough on the entering side to realise 0.0944 pence is not 9.44 pence..... why would he pay 100 times the current price
I dont see the turn around.... Losses are up?
Adding in DMSL doesn't turn the losses around... It made 300k in the last year of its accounts, when the directors stripped out the marketing budget... the year before, it made significantly less. Thats call preparing to sell.... it artificially increases the price.
This will continue to sink back to last weeks numbers
All sat in a room together,
Lads, we've thrown away another million quid, we're down to the last £1 Million.
We can raise more
Not if the price goes down
Once of us is going to have to buy shares so it looks like we know what we are doing..... whos it gonna be?
Lets draw straws....