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I would be stunned if they did.... According to press release they singed a strategic partnership in January. Then a later press release in September said they had singed a strategic partnership. Th suits the story of pipeline for them...... Either way they haven't driven any significant business otherwise Out would have a better MRR growth. Out also have such a small base and anything unique so not sure why Vodafone would bother. There are plenty of larger loss making Cloud providers Voda could buy that would give them an entry to the market....

Small bounce..

Anyone want to take a guess on when the next round of funding will be? I go for Q1 2015.

Outsourcery worries OutI think most Hotviews readers will have picked up by now that we are not great fans of Outsourcery. See Anthony’s post of 14th Aug 14. Neither is the market. When I did my share roundup for August I reported that Outsourcery shares were down over 80% YTD. Outsourcery describes itself as a ‘pure-play provider of cloud-based IT and unified communications services’. They have fallen another 14% this morning (so that’s c90% for the year) on their interim results for the six months to 30th June 14. Revenues are up 65% to £3.4m (somewhat slower than expected) and losses amounted to £3.6m (Note -exceeding revenues...) And even that is an ‘adjusted loss’ excluding restructuring costs, employee share payment costs etc. Far more worrying still is that ‘gross cash’ had reduced from £7.3m to £1.3m in a year. Although Outsourcery claim a £4.5m financing package post period end, much of this was future cost savings rather than real cash today. Outsourcery admits that ‘recurring revenue growth has suffered from delays in go-to-market plans of its partners’. Its larger partners have taken ‘longer than expected to ramp up sales’. Outsourcery now says it expects to be ‘EBITDA positive on a monthly basis by the end of 2015 and operational positive cash flow in the same time frame’. But ‘end 2015’ is but a lifetime away. I’ve often quoted Outsourcery in my ‘froth stock’ lists. Joining the 90% Club puts them right at the top of such lists. One lives in hope, I guess, that they will not join that other exclusive 100% Club.

Thanks KA. Doesn't bode well for H2. if there was a glimmer of good news surely they would have shouted about July and Aug trading update. Can't keep banging the pipeline drum.

Haven't got time to read through them today so can anyone tell me if any mention of July and Aug trading?

"Likewise, Robert Pope, Head of Business Development at Outsourcery says his company is seeing Office 365 act as a gateway to the deployment of additional unified communications services based around Microsoft Lync. “Office 365, while being an excellent service, is missing an essential full voice capability that organisations are in need of in an increasingly mobile workplace. MS do not do this directly at the moment but they have announced plans to do this. Do not forget they paid $8bn for Skype and it wont be long before they integrate that platform and allow PSTN breakout from Office 365. Skype is by far the largest hosted communications platform in the world. Users end up having to break the stream of communication from instant messaging, email and screen sharing to find a phone number, and manually type or key it into a telephone; it’s often the missing piece of the puzzle for a fully integrated communication strategy.” Interesting statement considering you can integrate Lync with your PBX and dial from screen using Lync. This has been around for ages not only with Lync but Cisco, Mitel etc have their own UC client that allows you to do this. Dialing from a screen is not new and hardly innovative.

Based on what we know I agree that this may be the bottom. We know what the results will be from a numbers perspective and I think that is priced in. The key for me is what has happened in July and August. If they don't mention it then we can only assume the worst and if there isn't anything tangible in terms of MRR growth that will set alarm bells off. Also how well the cost savings are impacting cash flow since HY, will be interesting to see if they make any comment on that. Could also do with a Secure O Cloud update and getting it through certification. Last I heard was it would be good to go at the end of this year. If we do not see any positive news on cash reduction and MRR Growth for July and Aug I can see this dropping to single figures.

Well that is one institutional investor that chose not to take part in the placing.

The fact today it has lost all the gains of yesterday goes to show how ridiculous your post was yesterday. I do hope you don't invest without knowledge and based on a singles day trading.

That is hilarious. they have datacenters already and a $125m cloud business. Isn't the idea of cloud that you can be anywhere? with their skill and experience they could replicate this in the UK in no time. Perhaps Microsoft will buy OUT to get a UK presence :)

I haven't gone quiet there just isn't anything specific to comment on. Today is a great result if you purchased some shares in the last week or so as you have made 10 - 20 points. If you bought anytime in the last year you are losing up to 90% so nothing to be pleased about. I never started making negative comments on a single day of the share price falling and this is just natural trading. No specific reason for the price to rise has nothing has changed. I thought it had found its level around 15 and wouldn't be surprised if it drops back on results (if no decent news from July, August) or heads north a little if there is. The real sustained growth in share price wont happen until the fundamental trajectory of the company changes and MRR starts to regularly rise. The market wont see this head up on promise any more as to many promises have not been delivered to.

Second institution getting out?

This will continue to trend down or flatten out until the trend of the company changes. They have missed their overall stated plans on several occasions and continue to have the need to raise cash even when stated they would make t through to break even. Confidence has gone. The HY results we already know will be flat on the previous 6 months so that wont see any change to the price. If they can announce positive news around the cash burn, MRR or significant customer wins for July and August then they may see a slight rise. If they can show that and then you start to see a pattern of wins announced it will start to trend the other way. If the company can start on that trend then this could rise quite quickly and if they continue to grow it will continue to rise but the market needs to regain confidence. Need to see a trend starting in the opposite direction before even considering it IMHO.

Love the optimism. The time was when it had dropped 20% from IPO then 30, 40 , 50, 60, 70 ,80 and now 90%. He better get started soon, perhaps he is just warming up.

I agree. I am assuming the already alluded to HY figures are factored in to the current price!! If they cant announce an decent MRR news for July and August when they release HY statement on the 24th i see this going in to single figures. As it is anyone who invested on flotation date has lost 90% of their cash......

If someone went on Dragons Den and pitched this business and the amount of money already invested to get to where they are they would be ridiculed and laughed out of the room.

Thought the market sentiment would have been more positive on the placing and the price would have held.

I hadn't expanded the list so didn't see that. £25k is token amount but good to see the BOD stumping up some of there cold hard cash to help the business survive. If they didn't take part i wold guess they would have had a real struggle to get any outside investors to commit further but that doesn't mean they had to......

You make some fair points and I have to agree this round of actions from the BOD should go some way to showing the market they have some confidence. Fair play to them for putting their own cash up, even though they had no choice f they wanted to inspire confidence, at least they did when many wouldn't. for that they deserve some credit but doesn't take away from the underlying issues. Also agree on the options. No way they can sell them or any share until the price is at least close to float price so that s going to cause them some personal cash flow issues. Especially as they wont be taking a salary next year and will end up with more options.... Wonder why Andy B didn't take up any shares in the placing.....