Incidentally I forgot to mention that on the partners tab under the Global coverage heading it says:
"Fully compliant PSTN replacement in 67 countries (and flexible solutions elsewhere). Global IP network with 20 regional carrier partners"
That number is new isn't it, previously they claimed 16 tier 1 carriers - is it the same thing if so then suggest we have 4 new partners. perhaps to support the regional expansion Or perhaps we've signed up some second raters! lol
"Our voice network amalgamates 16 carefully selected tier-1 carriers, with whom we interconnect at our six primary global data centres, all of which are interconnected over our resilient private global IP backbone."
It's back up now, only down about 5 minutes.
It is vital that the service NEVER fails for any prolonged period - that cost us dearly in 2020 and IMO is a major reason we are where we are waiting for an RNS.
stew200 - ever the optimist, I wouldn't count on it.
The news blog entry ties in with the "New" partners tab on the website and demonstrates very clearly that they are targeting partners to sell their services - almost certainly unbranded or branded with the partners identity.
I cannot believe they are putting this effort in unless they have already had success.
Just to put this into perspective some of the targets for partnerships could dramatically alter the fortunes of Loopup. I read about some of the competitors - one of the biggest players in the meetings services markets has signed a deal with Zoom whilst another has partnered with Vodafone - alliances like that can deliver a huge customer base that would otherwise be impossible to access. So all good, we definitely need that RNS within the next 10 years, or shareholders will start getting annoyed.
I don't know if it's just my connection but the company's website says it's down for maintenance - as it is primarily a customer site I hope it's up quickly and clients are not losing service!! Anyone else unable to access?
I'm so pleased the CEO is keeping us so well informed in this "Transformational Year", with so much going on it is vital to retain confidence of shareholder - "Well done Steve" we all appreciate your efforts.
Realistically though, we are now unlikely to have our shareholder event before August maybe even September, the obvious read across of historical performance means we unlikely to get another TU in 2021 so we will have had a grand total of 1 which will essentially align with the interims so have no specific purpose except to highlight what the interims will confirm.
I so pleased it's a transformational year with loads of change to report on, else it could have been very quiet from our shy CEO.
Pressing the Skype fear angle now on the website and on linkedin, full Skype support ends at the end of the month with limited support thereafter - lots of potential clients that have left it late to change I suppose and have an affinity to Microsoft
I seem to remember a good proportion of MeetingZone clients where on Skype when Loopup took over and they where told they could transition to Loopup without being forced to change from Skype - perhaps some latent demand there!
IT and Communications, thought the sector as a whole is out of favour at the moment, the lack of interest that our CEOs have fostered is astonishing for a company in a growth sector.
What an achievement, a profitable company in a huge growth sector, and only maybe half a dozen diehards interested in talking about the company - they've given the market nothing to digest and starved investor out.
Good work guy - you've achieved rock bottom - truly what is their plan???
I make no apology for all the moaning I do, I think the criticism I level at the BoD is more than justified, whilst others have simply sold up and moved on to companies that they feel is more supportive of communications with shareholders, I and others have trusted the BoD - comms is so poor hence the perception that their proposition is more reliable.
Despite the moaning, I think those that have sold may well regret it very soon, the lack of interest (BoD inspired) from PI's is clear to be seen with the trading levels and poor SP, but surely by reversing the logic that means any renewed interest could have a very positive effect on the SP; I honestly believe this share can be a multi-bagger. IF yes unfortunately only IF the BoD can demonstrate they are on a winning path, they don't have to have arrived. We can live with wondering "are we there yet?" as long as we know the car hasn't broken down in the drive.
When Steve can be arsed to communicate I believe he and his team are quite capable of presenting a compelling case for investment in the company. He isn't going to face shareholders after the update to deliver sh*te news , doesn't come across as the fearless type- he wouldn't have suggested doing it if he couldn't deliver as positive message especially as I'm sure major shareholders will tune in.
It's quite clear now that the stance of our BoD is a disaster as far as retaining confidence of shareholders.
It may well be perfectly within the rules to ignore IR but it is an awful approach - they are taking advice from IFL and to them we are invisible - they don't see themselves as responsible for IR, they are there to address the major players - so who does???? This company should never have listed on AIM, IMO it was just inspired by greed.
BigBoo2 - you nailed it with that post, the background to why we are losing institutional shareholders.
The reason PI's did not understand fully what the problem is, is because out BoD have tried to gloss over it, never fully admitted failings, IMO a botched MeetingZone implementation did all the damage and the BoD have decided to sweep it under the carpet instead of owning their failings.
I'm really hopeful the next RNS will set a new forward trend, but as you say the pipeline "doesn't really do it", it could lead to glory or a dead end at the moment.
I thought everything in the IT/Comms industry was supposed to move fast, "cutting edge" and for the pretentious out of touch ars**oles "bleeding edge" as someone once bragged to me.
I think Loopup are the "blunt edge" or even "over the edge".
When the news breaks, I'll all kick off, as long as it's not an own goal, we may have to be satisfied with a miss kick or two before our centre forward Steve F scores big time for us.
Lets be positive, I keep drifting back to the dark side through annoyance and frustration.
Earlier we discussed potential partnership and alliances - for anyone thinking it is unlikely or undesirable just take a look at the company's webpage on partnering - I think they've updated it as I don't recall some content.
Looks like a serious sales effort to me, I believe some strategic partnerships could provide leads into clients that dwarf any current contracts.
I have a sneaky feeling they may already have made some strategic alliances (they said they had been approached)- there are so many major players out there and I guess many big players have never developed a remote meetings aspect and need the broad offering partnerships to match their competition.
yrabsmurruc - I believe you are right about the MMs, but the real problem is the BoD allowing an environment to develop where they can take the P*ss.
Ignore the MM's our problem is the lack of clear communications, ironic for a communications company - they understand why it's so important to other companies but can't recognise their own frailties. No IR - no investor support, it's pretty straight forward
The company have just added details of an online event, 22nd June, which it is intended will be repeated monthly for potential customers on Linkedin.
Lookup Live : Talking Teams - Episode 1
"To explore how businesses can make the jump to Teams Calling and the best practices to support them on their journey, we’ve launched “LoopUp Live: Talking Teams” a new series of monthly conversations hosted by our team of internal experts, taking place via LinkedIn Live."
Great initiative, though not targeting shareholders (not a forum to ask embarrassing questions) it good to see they are chasing business and spreading the massage.
bigsmoke - that statement promises building of a "platform" this year and growth in 2022 not this year and elsewhere they said this year will be the same as last year- market expectations are therefore for no growth in 2021.
They have made it very easy on themselves with very uninspiring targets for the year - no wonder some shareholders have sold and moved on. It's only because they are so well bedded in with longstanding shareholders (those invested pre-listing) that they can get away with being so uninspired. IMO it is so they can claim success at the end of the year, they're confident because it's easy.
I don't think they are concerned in the slightest about 2021 profitability as long as it's enough to satisfies shareholders, they are focused on building the client base and future revenues even it it involves spending heavily (reducing profits) this year - and it's the right strategy IMO.
It's the growth in forward revenues I'm most interested in. Lets not forget growth companies don't tend to make big profits, it's jam tomorrow - but if there's no growth and no profitability improvement the company will be toast.
Same as yesterday - Nearly.
But enough of that, just take a look around, it's another lovely day on the journey - think of all the great possibilities and we'll be there soon.
We all know beyond doubt Steve will be working 24/7 to get us there, I feel so happy now I've put it into perspective with my detailed analysis.
bigsmoke - I'm certain there will be opportunities to partner up with big players ( further down the food chain than MS and Amazon ) to take on much bigger contracts and sub-contract services to a much bigger outfit who need to build a broad capability. They mentioned the possibility of an unbranded service to other service providers as I recall. They're already doing it with C&W.
We are fighting for a very small portion of the massively expanding market for cloud services and remote meeting market.
Henderson are right in a way, that Loopup are competing against some very powerful players but they are rightly targeting niche areas with premium services. I've just read an article that I believe illustrates both many of the factors that mean Loopup can succeed the size of the opportunity; it's about the JEDI contract for Cloud services with the US Department of Defence.
First the sheer size of it, $10bn and the parties fighting for it Amazon and Microsoft (arguably the strongest players)in bitter dispute, though I suspect it is one of the world's largest there will be many other multi $billion contracts the big boys are fighting for, Loopup are not in that game the contract they are chasing I doubt the big boys would put major effort into winning unless it's likely an easy win $10,000/month - Loopup can distinguish themselves with a bespoke service and I suspect there are plenty of under the radar opportunities without fighting the big boys
The JEDI contract was won by Microsoft and now cancelled also illustrated the problem with anyone provide a solution that fully fits a demanding clients needs, it's impossible, even for Microsoft, as those needs are evolving - Loopup can surely meet the need of some client better than any of the competition as a result of their niche experience.
The other thing I noticed was, yes Amazon and Microsoft are arguably the strongest players yet that's not why they get an exclusive shot at the contract, it's because of very specific capabilities., primarily secret information, straight away we can draw parallels with the UK government departments, patient confidentiality etc and especially the Law firms that Loopup are targeting - those niche markets are unlikely to be threatened by mass competition any time soon.
The opportunity is there, I'm sure of that, we just need the BoD to demonstrate Loopup have got to grips with there task with a good RNS.