We would love to hear your thoughts about our site and services, please take our survey here.
There will be a pump.... so if your feeling risky theres an opportunity, those that are saying how amazing Toople now is, the longterm future is amazing blah blah are just ramping.
The long term future is horrific, but on a short term basis while they pump it to 0.7+ to dilute you could make 50%.... but dont hold on for 2 years and expect it to be any better than today
Sadly thats not all true, what they have been doing is getting rid of old contracts and replacing it with BT driven products that generate commission today... but no long term revenue.
So take a leased line. thats £300 a month, and maybe £50 of profit.
Either they bill that, and get £50 profit per month on a 36 month deal
OR
They put it with BT and BT pay say 75% as commission eg £1350
So it seems good for profit and cashflow, but inherently you cant build a telco on commissions They dont own the customer now, BT does. Poor move but Andy claims it reduces bad debt... It does, hes right, but so does signing the right business and not buying it on comparison websites like theyve done in the past
Once again Maqsood, you accuse everyone of deramping yet struggle to provide any substance.
Cant read the March 22 RNs, its currently 2021....
Assume this is your reference "This has enabled monthly cash burn to be reduced by 60% compared with 2020 and this trend is expected to be sustained, moving the Company towards positive cash flow"
Cash burn of £1.6 million reduced by 60%.... so theres still 700k of cashburn a year?
Many new contract?
How many £300 to £400 leased lines (at £75 to £100 a month GP) does toople need to sell to make a profit? Il let you into a secret, it isnt the five theyve boasted about. Where Toople boast about what should be a daily sale, you have to be worried.
Or ignore it and blindly ramp
Five Leased Lines... Yay. £2000 a month of revenue, 4 of which were actually via DMSL or BT so no additional MRR just a commission payment... Disappointing that Andy and Co still believe that is RNS worthy, its **** poor.
Maqsood, they don't mention the names because they'l all be small companies, nothing to do with losing a customer... they are tied in for months.
Poor ramp attempt, whens the fund raise? Its coming
The likes of Oberlon being huge players and investers are rubbish. Dont people think it's a tad strange Novum are advisers and brokers for both. The only investment firm interested in Toople is advised by the same broker as them. Wierd eh...
It was all done as part of a pump ready to dilute, sadly it didn't pump enough for them to get the dilution/fund raise going. Now their stuck and will have to do it all over again shortly.
Cash runs out in 3 months...
Ha, Bless, How much cheaper do you think this could go? Are you crazy?
Lets talk some facts, not baseless posts.
Theres a £1.625m Loan secured to home select due next year.... with no viable was of paying it off.
Group revenue was flat year on year at £1.5m million for the six month period (HY2020: £1.5 million) despite a full 6 month contribution from DMSL acquisition.
Cash at bank was over £990,000 at period end. (March)
Operating loss was £695,000 for the 6 months
Placing (read dilution) to raise gross proceeds of £774,000
So.... lets calculate out this statement you made of loads of money in the bank. Currently losing £139k a month. April to September is 6 months so another £695k.
£990k minus £695k = £295k left in the bank... thats enough for 3 months bills
Then lets look at this acquisition
"In the year to 30 April 2019, DMSL's turnover was £3.1 million, with a profit before taxation of £331,282"
In the same period Toople did "Revenue, showing significant growth year on year increasing by over 80% to £2,452,153"
So They took two businesses with combined revenue of £5.5 Million, but only did £1.5m in 6 months, revenue isnt flat, its declined. Dont forget they paid £1.5m ish for DMSL too....
Wheres the revenue? Don't blame Covid, Telcos have had huge positives during the period because of the need to work from home etc.
Lets be honest, you dont hold anything,
If you bothered to read the posts, instead of just randomly picking up Toop and ramping, youl see even I declared the bottom a while ago and brought in. But blindly ramping and claiming things that are absolutely rubbish is just an embarrassment to be honest.
Did you read the financials? How much did they lose?
They did an acquisition yet revenue didnt increase?
They are not in bed with BT, they resell BT, for commission, instead of billing services themselves... so they dont own the customer..
£2m is generous, it wouldnt sell for that privately, and your blindly ramping something you have no knowledge of. Dont just go off a mcap and start making up bull****