Cant go any lower, I hate to go against every post Ive ever made on these, but if the new CEO gets in now, at these levels plus a new company acquisition paid in shares, again at this level. Maybe it bottoms it out and might grow
Why?
Because its going to be massive.... £2m of debt to clear down, plus another £1m in working capital...
So thats £3m to raise on a £1.5m mcap.
I presume their going to do an acquisition to hide it all.... the dilution is near though
Youl not be here in a weeks time so its not relevant but just wait and see, Theyl pull out and close this BT relationship off sooner than you think.
Toople can only sell BT services to those customers... thats how it works, its an archaic telco model that doesnt work. If you want a Gamma, a daisy, etc etc you simply need to direct bill.
Just hope people dont get left holding the bag on the next dilution which is gonna be massive.
Pump, Dump.....
Thats not how the BT franchise model works, stop spouting utter rubbish! BT are never going to buy here. They already own the customer relationship, they just pay a commission to DMSL for someone else to deal with the SME ****!
Down 20% on the daily high... pump... dump
Ive been in and around Toople long enough to know significantly more than some dude whos just turned up.
Youve provided no real substance apart from the BT link, which Greg will want to cancel as soon as possible as it provides no growth opportunities at all. But you cant see that, because you just focus on Mcap and have no idea what they do, who they are, what dmsl is, what debt there is, what losses there is etc etc.
Well done on the ramp though
Its been a recovery story for 5 years, whens it going to recover.
Over that time the number of shares has gone up in billions not millions.
Theres no Large BT contracts to hand to Toople. All Toople do is resell their services to BTs own customers and get a commission. I could sign up tomorrow for that franchise model. It wont scale.
It could become £5m, its not going to.
You fundamentally dont understand the BT relationship.
A big contract comes through a BT customer.. Its a BT customer, All toople get is a commission. A one off, on to the next... nothing. more for 3 or 5 years.
Now you need to look at Big? Whats Big? Toople ONLY deal in the SME market for BT because thats the franchise model they use. So theres never going to be a deal big enough to do what you want.
They need to move back to direct billing, decent customers, thats how they get share price growth. BT provides a cash option, but no growth.
Your right loads of people resell the big networks.. but they bill it too. Toople have moved away from billing due to bad debts hence the share price crash.
"This is significant as it gives us better visibility on our revenue given that 50% of the initial revenue consideration is received upfront and 50% paid on customer installation completion."
This adds no long term value to shareholders. What they are doing is getting commission from BT, 2 payments over a 5 year deal, Bt owns the customer. Little headline growth, yes its 100% GP as its commission but its a one off.
What they should be doing is doing what every other telco does, eg Gamma, Daisy, Kcom BILL THE CUSTOMER, grow revenue and expand.
Agreed, this is gonna go lower. The AGM authorises basically a 1 for 1 share dilution. Thats 10 Billion shares in issue.
By the end of the year they need to find £1.5 million to re pay debt.
They are losing 100k a month, so to get to the end of the year is another 900k.
So thats a £2.4 Million raise, just to keep going, without any acquisition based finance if thats the excuse or reasoning they used to raise. Say they spend £1 Million. thats now £3.4 million of additional shares. You 1 share, is now 0.25...
To receive, consider and adopt the reports of the Directors and Auditors and the Financial
Statements for the year ended 30 September 2021.
2. To re-appoint Price Bailey LLP as independent auditors of the Company to hold office from
the conclusion of this meeting until the conclusion of the next Annual General Meeting.
3. To authorise the Directors of the Company to agree the remuneration of the auditors.
4. To re-elect Richard Horsman as a Director of the Company
5. To re-elect Andrew Hollingworth as a Director of the Company.
6. To re-elect Kevin Lawrence as a Director of the Company.
7. To re-elect Paul White as a Director of the Company.
8. That the Directors be generally and unconditionally authorised pursuant to Section 551 of the
Companies Act 2006 (the Act) to allot shares in the Company or grant rights to subscribe for
or to convert any security into shares in the Company (Rights) up to an aggregate nominal
amount of £429,270 (£207,006 of which represents the balance of the authority that was
granted at the Company’s General Meeting on 17th February 2020 and renewed at the
Company’s 2021 AGM following the acquisition of DMSL, and £74,456 of which relates to
warrants that have yet to be issued in respect of placings that were completed in October
2020 and December 2021) provided that this authority shall, unless previously revoked or
varied by the Company in general meeting, expire at the conclusion of the next annual general
meeting of the Company following the date of the passing of this resolution or (if earlier) 15
months from the date of passing this resolution, but so that the directors may before such
expiry make an offer or agreement which would or might require relevant securities to be
allotted after such expiry and the directors may allot relevant securities in pursuance of that
offer or agreement as if the authority hereby conferred had not expired. This authority is in
substitution for all previous authorities conferred on the Directors in accordance with section
551 of the 2006 Act.
9.1. the allotment (otherwise than pursuant to paragraph 7.1 above) of equity securities up
to an aggregate nominal amount of £429,270.