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Pokerchips - that's my feeling, these changes are major business decisions not just because of the contract size, but more importantly they are often business critical and CIO's that opt form this are in the cross-hairs of everyone from the Chairman. CEO down every moaner in the company.
They will certainly not want to go back to the BoD after a year or so (planning to implementation for this type of contract takes a long time) and tell them the system they all got used to after their recommendation is the wrong product. So I always took the 3 years contracts to represent a minimum duration rather than an end of the line. This is a land grab moment after C19 has focused minds on their needs and frailties - Loopup need to be grabbing their share - the opportunity may never be better
With that in mind it is pretty obvious why the company is highlighting the success of Microsoft on their website, also Linked in and other platforms; and their position, becoming the solution of choice in MS teams. What's the saying "no one ever got fired for buying Microsoft". If Loopup are not having a terrific time in that aspect of the business on the back of their adoption on MS teams as a flagship solution - I'm afraid we're stuffed.
Reminds me of another saying " Pulling defeat from the jaws of victory" - surely not our Steve, that would be some achievement.
I'm firmly in the camp that believes the problem is neither operational or strategic, ironically it's a Communications problem - IR Steve - it is Waffle unless you deliver on it and COMMUNICATE the progress and outcome.
It would be bizarre, except that it is a sign some entity throwing sales in at a lower price than they need to accept!!! Those sales are relatively small, meaningless, the only purpose I can see is to manipulate be creating the impression of severe SP weakness at low cost to them. It's easy and doesn't mean the culprit has any real clout. The UT is meaningless.
Seriously, I've been buying for weeks, though this SP weakness is very frustrating it is an great opportunity IMO, "golden" maybe, sure the market for the services in their sector suggests that to be the case, all depends on how competitive the company's competencies make them.
If you trust the management to have the right strategy - and I think they now have a great strategy but where on the wrong track pre-pandemic, slowly drifting off target, off the pace.
They talked of a transitional year (admission they got it wrong!!!) and the theme of the Annuals was on a new direction for the company in Cloud Comms with meetings as a core capability. Crucially they gave clear pointers to cloud comms and new capabilities being pursued to broaden revenues - if they show clients they have a compelling offer the growth could be phenomenal (yes there is a golden opportunity for the business). I believe companies will be more and more drawn to broader more rounded solutions to their comms - Lookup are well placed to grow into new areas, 5000 existing customers they can offer services to that alone provide a significant opportunity.
They simply need to turn it into reality, the easy bit - we're all waiting to hear about.
The jury is out, but they are still short of all the available evidence.
Good morning and good effort from you guys, you're right of course, it's about time we got some respite from the slow drip of selling (contrived or not). The antidote to this is News. To dispel boredom, lift to gloom and build confidence, as there is no real underlying problem.
It will come good in the end when Steve hears about the concept of IR, lets give him a chance after all he's only been running the business for a couple of decades.
stew200, that's the frustrating thing, the company is not a duffer like so many on AIM, it has huge potential, almost unlimited and they are in the process of competing for a prize that could send the SP much higher - take your pick where. I really don't know where fair value is even at the current time, but I'm sure 68p is no where near.
But from the BoD's recent actions I think it's clear they are in no hurry to precipitate any change.
The website stuff is very encouraging and I check it out for change every day so assume the MS domination blog was posted late in the day - great pointer to them becoming more aggressive in their sales effort though, they need to be visible and fight some very slick opposition.
WRT the number of countries 67 with the cloud telephony approvals - that has been the case since the launch of the website, it is fantastic and I'm glad they are bragging about it - it is well ahead of the target for the full year at the half way stage - impressive especially if they repeat the trend in the sales arena.
yrab: "I wonder why there was no pre AGM trading statement this year..."
I'm glad you asked that.
For technical reason, "they couldn't be arsed" or for a strategic reason, "to get cheaper options for the team"
If you have any other questions that require a deep understanding of the intracacies of AIM don't hesitate to ask.
I bought some more shares this morning, go figure that one " a fool and his money perhaps" lol
stew200 - I feel I've been a little slow in spotting a possible candidate for your holding RNS, in fact I confess I never even noticed it.
I'm actually referring to an RNS released two months before the apparent heavy selling day with 23m trades on Nov 29th. I noticed the holding RNS from 02/10/2020 on the company's website - how did I miss that or is dementia setting in ? At first I thought it must have been added late but it's on LSE with the correct date.
Here's the significance IMO, the seller was hidden by using investment managers but I suspect a very high net worth individual that backed to company in a capital raise had probably had enough and sold what was likely 9%+ of the company in one go - though there where no appreciable sales on the notification day or at ANYTIME around it. So what happened to the approximately 10m shares (5m sells and 5m buys) that where traded?
Well the notifier Jupiter fulfilled their responsibility by releasing an RNS. Then the only assumption I can see as credible is that they sold them to MM's and MMs are not obliged to notify less than 10% of the company and agreed to defer notification of the sell.
From there, clearly the MMs have to resell the shares which brings them to notification of approaching 20m shares that can be sprung when they choose and can make the most from their situation - perhaps when some buyer/seller allows them to churn the shares.
Stew200 - the above scenario provides an explanation of a large known seller providing the opportunity for the SP to be trashed by unexplained trades - the MM's could even easily have pre sold the shares they held before the supposed date of the transaction. So in your search for some large seller you are looking in the wrong time period, could easily be chasing a shadow as they already notified
I think that day was a set-up by MMs to milk shareholders on the day and in subsequent sessions, helped along by opportunists and panicked shareholders on the day .
Obviously just my attempt at an explanation and can never be proven - but leaves me more content, I know the enemy, if you think otherwise carry on digging - but don't say there is no explanation unless you can show the above not to be credible. I don't want to explain every time you complain, I stand to be corrected by evidence!
It also points to MM manipulation, something I suspect is still going on in every session
I repeat what I said previously - there is nothing compelling a MM to disclose a holding of under 10% - that's per MM. There is nothing compelling any foreign investment entity to disclose a holding - i.e. no punishment for not doing so.
RichardB - you're got it mate, we await action from those that can take it.
I'm going to post something shortly about potential manipulation by MMs over a long period (my view is they are the enemy) - but that does not change the fact that the BoD provide the oxygen for them to thrive on - content shareholders don't sell.
IMO this will turn very quickly when the company provides good reason for investors to take a position.
We tend to blame everyone from "shorters" , "secret sellers" to "MMs" (my top suspect) and there is no doubt they engage in ropy methods and feeding frenzy is given half a price.
But they are only a symptom of the underlying problem, it's the responsibility of the BoD - they run the company and are custodians of our investment- if they perform well enough the SP will rise and no one will be able to stop it.
We just need compelling reasons to buy - not a wall of silence
bigsmoke - "we are over the hump" - the AGM should have been a positive event not a hump, unfortunately IMO we won't be over this hump until the Options are allotted and the company start shareholder engagement in some way or another.
We need the exercise price setting then everyone can buy in confidence (including staff) with a base price set.
CHR155 - I didn't say there wouldn't be an update before December, I said "strictly speaking nothing else is required until December."
If there is significant news they will obviously be compelled to release an RNS, but not "forced" unless the NAMAD presses them (can't retain listing without a NOMAD). There are rules but since when have AIM companies worried about that
My understanding is for their LSE listing they only need to RNS their annual and interims within 6 months of the period end - that's December for the interims else they have to suspend or get an extension approval (rare).
I'm hoping for and actually expecting lots of news but it's in the hands of others who have a slightly different view of appropriate news and IR.
There will be an update on the resolutions of the AGM - but strictly speaking nothing else is required until December.
If they intended to divulge anything at the AGM the would have been a pre-meeting update.
The AGM for this company is just about getting what they need from shareholders, not shareholder engagement.
The SP perfectly demonstrates the gulf between management and shareholders for a company with such great prospects - it's ridiculous as this should be a good day for the company.
RichWG - just read your old post, absolutely what I've been saying recently and very well put by you.
"Assuming the recent and ongoing increase in senior management and technical appointments include for a share option incentive package, then a low share price is beneficial until all posts are filled. Typically share options are based on salary. Assuming a salary of £75k and share price of 75p then that would give an option of 100,000 shares in typically 3 years time. If in 3 years the sp is £2.75 then exercising the option gives a profit of £200k which should ensure focus and retention of staff.
If current share price was £2, then option would be for only 37,500 shares. In 3 years if sp is again £2.75 then profit is £28.5k, not too great an incentive over 3 years.
So maybe loopup reporting, is to ensure shares will remain depressed until all new appointments are filled. Just a Thought?"
Just what I think, a look at the history of the company since listing provides clear evidence that this is important to them and could net in excess of £1m for some if the price gets back to previous level.
I don't think some PI's realise what is going on here, I'm all for incentives but there should be a reasonable achievement bar to reach, and it should not be dropped as it does not incentivise anyone.
You might be able to retire on Loop if you wait long enough - not today though another days work for you and the rest of us.
This company, for all my justified criticism, offers massive potential for a major rerate and I really believe when our BoD and major shareholder want the SP to rise "it will". I suspect it will be after the share option scheme has launched and the staff are comfortably bedded into the scheme.
Frustrating, but that's AIM.
bigsmoke - if only it was funny. Very disappointing
I'm convinced they are fully content with the low SP for now - it is potentially worth a lot of money to the staff to get their options cheap. Tens of thousands of pounds to some employee's, much more for the CEO's.
Total disrespect for shareholders who bought in the AIM listing, placings and on the open market in favour of other stakeholders (staff and seed capital providers). As said by others yesterday - they are running this like their private company
IMO they'll start pushing out information when they've got their shares lined up. In the meantime silence ensures the SP stays supressed
Ocelot -"Loop could be in for a lean year while it establishes itself in the new playground"
I'm not expecting a lean year, flat possibly, but we can all work out an upward trend if there is one.
I don't think there is a problem as the lost customers had Zero commitment and they are a dying breed in the Loopup domain.
The problem is not knowing which ultimately equates to a lack of attention of IR to keep interest alive rather than any operational or strategic reason - that's why it is so sad and frustrating. Because it's totally unnecessary.
Bigboo2 - exactly. It's surely what any management team should want to do - engage with their Stakeholders and maybe learn where they are failing or could improve - it shouldn't be a difficulty with 2 bl*ody CEO's or they shouldn't be listed on AIM .
If they are performing well enough to deserve a generous share option plan then surely they should be telling the world ASAP - not least because it would make the company look stronger to potential clients and a company of choice when they do due diligence. A clapped out SP and uncertain market view on the product is hardly a selling point.
I posted earlier because I noticed the Saga pre AGM update this morning, some of you mention other companies - it is simply good practice, not asking a lot, I was being sarcastic just on the very vague chance that someone within the company may just glance at the feeling expressed by PI's - flogging a dead horse though I suppose.
I hope they will produce something pre-meeting , I live in hope.
Address IR Steve!!!