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I've just been looking at Law companies wrt cloud computing and it does appear to be a topical issue in the industry, even the Law Society have a write-up suggesting the need to adopt the technology.

However, whilst looking I came across an article about Soc 2 Compliance for law firms and it requires client data safety/security for the cloud. It's a US requirement and hence all international companies will surely need comply.

I was wondering if there are implications for Loopup or if they could or do provide some service in compliance - the article suggests companies could distinguish themselves with compliance and some don't realise they need to comply.

Does anyone know anything about it or if it has implications for Loopup?

If nothing else illustrates why law firms and other PS clients must contract someone with experience to look after their data and comms, all barriers to entry in a sector where Loopup is experienced strengthen the appeal of the service. Hence the approval for cloud telephony in 67 countries being touted so heavily.

https://www.lawyer-monthly.com/2020/04/navigating-soc-2-compliance-as-a-law-firm/

yrabs - give it time, even the lack of trades tells us something, it's in the balance! At least the selling has abated.

So who is going to more first in the void that is Loopup news flow?

The future is all all about Cloud capability now, the company are pushing hard on sales based on that capability rather than remote meetings which will increasingly depend upon it to add value. Looking at it realistically Loopup have little added value to offer to small scale undemanding customers who are likely to be almost totally cost driven and have a massive pool of cheap options.

It's not surprising those customers are dwindling, and why should Loopup engage in a futile battle to retain them ( it could get like insurance essentially needing to buy customers who always want the cheapest)

They have the right strategy with Professional services, who are prepared to pay for added value services that meet their needs.

They screwed up in 2018/2019 (admitted it in their usual opaque manner) and that IMO goes a long way to account for the failure to retain clients in 2020 - I don't believe that trend will continue into 2020 and the rate of churn is going to drop (should drop dramatically) in the coming years.

Lets hope they can put shareholders firmly on Cloud 9 by the end of the year - the new website tells us a lot about the product focus and target audience. I noticed yesterday that they have elevated all the Cloud computing customer stories to to the top of the list, previously they were listed by the date added. Like the Cloud focused blogs recently added, shows they are being proactive in targeting potential clients with a clear sense of purpose, it is really important that the website is clear and professional and they have someone actively managing it - it's our shop front in an IT world.

All good, there is no reason 2021 should continue the trends of 2020 - our BoD are not even sure what to expect.

Maybe a Good Consolidation day today - based on performance over the last few weeks I'm happy to end the day the way it started. Retaining a steady SP is what this needs whilst we await news.

All good, nothing of major consequence, ticking over in profitable fashion is fine, a nice steady company this one.

I really like that the BoD has a focus on shareholders - it comes through in RNS's and interviews - that's perhaps why we get dividends whereas other profitable AIM companies simply get the pleasure of rewarding directors who have no intention of ever returning cash to investors.

Not exciting but my investment feels safe.

Not a lot going on until we get more news. In the background the governments of Azer and Armenia have continued generally low-key squabbling over border positions, whilst that is ongoing even if AAZ can get on site they really can't start serious work.

The linked article from a few days ago and others suggest the military on both sides are pulling back in the Sotk area, it also suggests the Armenian PM intends to sign s recognition of Armenia's territory That should mean AAZ get a big step closer to gaining safe access.

"There is also information that [acting PM] Nikol Pashinyan will sign an agreement in the fall—most likely, in September—, with which, in fact, will recognize the territorial integrity of Azerbaijan."

https://news.am/eng/news/650432.html

Interesting appointment - Programme Manager - i.e. responsible for a suite of/multiple projects. Maybe they are getting brisk sales, not a bad sign as he is to manage delivery of sales.

Prince2 is a project management methodology used in the Public sector, NHS!! Many years ago I worked for a very short while on an NHS IT programme under Prince2, I thought they'd be up to Prince 3 or 4 by now- they where flaming hopeless at project delivery, hope they've improved.

They are just the dates for the period ends - if the interpretation was for release of news then the Annuals would be released on 31st December!! Clearly not, that doesn't mean they won't release something but it's not a commitment.

Poorly presented as the are no dates to tie the company to any date as far as IR is concerned.

Financial Calendar & Reports
Half Year: 30 June
Year End: 31 December

That is the banner on the new company, Enablit, website.

Who the hell are "Enablit" I guess some may ask - well they are our Cloud computing team that was spun out of MeetingZone when they finished transitioning customers to Loopup - they are part of out MS Teams and Cloud business. Looks a nice website.

MeetingZone now seems to be limited to selling Cisco Webex,

Clifford Chance are No 7 on the list and have about 2500 lawyers and additional support staff -all good even better if we could get a few more in the top 10.

There is no reason to expect an update this week, unless there something to report, I suspect they will delay a TU update as long as they can (that's their MO) especially as they have promised a shareholder session afterwards. I suspect the next thing will be an update on the option scheme, they'll want their options before they provide a reason for investors to but into a rise.

I haven't a clue bigsmoke!

But I must say that although I've been a very strong critic of our board (I think they deserve everything we have said on the BB) I have a feeling we are at a crossroads where the BoD will either give us cause to push the SP much higher or at worst leave us waiting for more clarification.

The SP is ridiculously low, loads of potential for a major rerate - they look to be accelerating their push to gain PS clients, really targeting law firms, and put out another little writeup about the take up on Friday entitled "Why law firms are transitioning to Teams"

But how many of us can even name a major law firm let alone know about turnover where on average lawyers generate revenues of about $1m - I'm sure they simply want the best service not the cheapest.

So I took a look at law firm size at the weekend and there are some really big outfits that are likely to want the international capabilities and security. If Loopup land one of the big five it's probably enough on it's own to transform sentiment.

There are some very big player s and interestingly ( because Loopup are focused on the US and UK) nearly all of the top 100 are based in the US with the UK a distant second and have turnovers of $500m or more, with the biggest boasting in excess of $4bn and the combined turnover for the 100 is around 12Obn.

The sector is a very big prize for any company that can become the dominant player, and that's before we even get to the hundreds of smaller companies with turnovers in excess of $100m and the millions of companies in other sectors.

The opportunity is there for the taking - so come on BoD pull your finger out and earn your corn.

https://en.wikipedia.org/wiki/List_of_largest_law_firms_by_revenue

Either we're all missing something and/or the market is or we would'nt have bought into a share with a crumbling SP.

We all have our theories but in a nutshell it's a combination of All the BoD's fault and All the BoDs fault.

That doesn't mean the SP won't soar at any time though - it's that king of share £2/share easily doable.

I've answered you at face value, assuming you are genuine, but on the BB so many trolls also post questions exactly like yours to provoke a negative, hence perhaps Bigsmoke's response - all the best though

Apparently Skype is officially retired on 31st July - Loopup have been actively encouraging clients to change for the last year or so - I suspect there could to a surge now as it is normal for many people to wait until the very last moment to act and then expect everyone to rally around them.

yrabsmurruc - yes, I thought the blog was actually a great medium to see what the company is up to wrt the sales side. The potential is clearly huge, I think that is unarguable.

I also look at the job adverts to see if there is any clue as to where they are with sales and product development, but they are very frugal with information in the job description - who'd have thought that!

One last thing, according to Linkedin they have actually reduced headcount in the last year and to be honest the recruitment adverts suggest they are not generating lots of jobs particularly in the Software development area, I expected more as they have budgeted an extra £5m to product development (perhaps no one is leaving?) . I was concerned at first that they were not expanding, but when I looked at the competition it was clear from their headcount there was room for efficiencies of scale and I expect that's what they are doing as they refocus. Hence perhaps the comment in the Annual report about maintaining profit at a lower turnover, rightsizing the team - all good IMO

Lets be fair here, this is a team effort, we've got to get those cheap share options for the guys . There's a silver lining - take comfort in the fact every penny dropped is likely to be worth over £25,000 to the staff - we should all be very pleased.

I'm sure Steve is working on a cunning plan - most likely due out in 2025 after he's cashed in more options.

Leem1 - clearly you do not have a significant investment - I care because I case about my own money - even if the Loopup management desert us.

We're scraping the bottom of the barrel for news of course - but yesterday Loopup added an article to their website blog.

Worth a read as it's about their core customer base, Law Firms, moving to Cloud telephony - very promising for potential sign-ups for their new service.

monica69 - can you give us a bit more detail on that light - was it on for long???

https://loopup.com/en/resource-center/blog/game-changing-collaboration-tools-for-law-firms/

Yesterday another boring day for Loopup watchers - spotting steam trains on at a modern station more exciting.

Interestingly or maybe not, yesterday afternoon trades started to execute at the middle of the spread - I noticed somes larger than usually trades than in the last few sessions. Maybe some entity taking a position or getting out, this slow drip of shares must end soon.

yrabsmurruc - please do not be offended, I was not criticising you and appreciate your input, my annoyance is totally reserved for the BoD.

The fact you are enterprising enough to contact Steve is to your credit, but it is no way for a company to conduct IR - you should not and would not feel a need to contact a CEO directly if the job was run properly.

yrabsmurruc - I trust what you say and I'm sure Bigsmoke does, but I believe the CEO has spun you a yarn based of some truths but missing out some of the factors. This year is different from previous years because we were denied out opportunity to raise concerns directly with the BoD - we need IR .

On Bigsmoke's point - I can find no contact details for IR on the company's website or who is responsible (part of my complaint) - so does Steve hold the responsibility for IR comms? Think about it, your interactions suggest no one is employed to deal with it or Steve would direct you to them - so in practice it's not being dealt with unless you pester them - proves my case I believe, no IR!!!