RE: Why11 Sep 2021 21:36
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.