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Interested how you take
Company A £2 Million Revenue, £1.5 Million Loss plus 400k bad debt
Company B £3.1 million Revenue, £300k Profit
And Make £7 Million Turnover and a profit....
When the end of the year was March 31st? only 6 weeks after the acquisition?
They will 100% still lose money this year and 100% will need to raise further funds within 12 months
You making assumptions of when Ive brought and sold, again calling me names, BUT YET AGAIN still cant back up where they have the infrastructure your talking about....
Start talking facts, they do have some positives on their side, but just answer the simple question, what infrastructure are you claiming they have?
@lignumvitae Why do you assume I have no shares? Check out ADVFN... I posed proof via screen shots of holding just under 3% before the last dilution... Dont assume anything. The agenda is stopping people ramp the hell out of something and coming in with eyes open.... People like aimmaster post rubbish, with no substance or context then when they are called out on it, just bang the deramper drum because the reality is they have no response....
So, instead of answering my questions, or providing any substance once again you just call me a deramper??
Ive not just starting posting on Toop, Ive been in and out of this share for 2 years... your the one whos just popped up on a quick spike... Ive been here long enough to know the ins and outs of the share.
Answer the questions posed? Instead of creating some random storey about me and my intent?
My agenda? I don't have one, If people want to invest go for it, if they don't then don't, I just want people to get the balanced view, not the all is rosey AimMaster2018 view, which results in people getting spiked because they believed hype over reality....
Instead of just accusing me of "deramping" which for the record is what anyone who cant back up their argument says as an excuse.
Explain what infrastructure they have?
On their website they have... BT Cloud, Vonage and Gamma Horizon advertised, None of which is their product... Infrastructure nope, reseller yes.
Broadband? Talktalk resold.... Infrastructure nope, reseller yes.
DMSL? BT reseller yes, Infrastructure Nope.
From 31st January 2020
Despite stringent credit checks and strong processes being in place, as customer numbers and orders increased exponentially, we also experienced a sharp increase in bad debt provision during the period. Although this is clearly unwelcome, it was not completely unexpected given the micro-SME market within which we operate. The Board has taken a prudent view and provided for around £424,000 of the current outstanding book of £850,000. Further details on the underlying assumptions for this provision are contained in Note 3 to the financial statements. Importantly we have taken proactive steps to arrest the rise in bad debts and to recuperate as much as possible from the outstanding amounts. This includes making changes to our billing platform to take daily payments and engaging an outside credit control and debt collection agency. We expect bad debt levels to normalise over the coming months.
At what point between Feb and now do you think thats improved? Given their market is Micro SME, all of which will have been closed during lockdown?
Dont call me a de ramper, just explain where your grounding is for "the business has the product and infrastructure"
Its hardly headline grabbing,
30x restaurants
30x PSTN and Broadband @ £28.99 each £869.70
2 phones at each office 60x @ 10.99 - £659.40
Total Revenue per month £1529.10
24 month deal £36698.40
Estimate margin per month £450. Over the term £10800
While it's a nice deal to have, does it materially change the business or the company? Nope....