Member Info for KaChing

I’ve no opinion, they can buy and sell when they want, just like us. Paul Scott tweeted the following with regards Director buys (saves a bit of digging, I’m guessing he did a paste and post from the Stockopedia SNTY page) ……. I’d say it’s an impressive figure ……. some would say it isn’t ……. the free world! https://twitter.com/paulypilot/status/579006652885651456

Bang on young man, how's the dark side looking? profitable I hope Competition "The Directors believe that the Group's main competition in both the UK and US is with companies offering telecommunications integrations for Salesforce.com and other large CRM platforms, however, the Directors believe that there is an attractive opportunity in the significant niche CRM space where the Directors believe there is limited and less focused competition."

I think the top line will show year on year growth and most of the growth will more than likely have come from the Green Compliance acquisition and will probably look impressive but am I in danger of stating the obvious ……. who knows? ……. I’ll have a stab at a revenue number for the H/Y ……. £14.5m It’s the bottom line, cash flow and what kind of damage the GC acquisition has done or is still doing to the finances, the monthly burn rate of GC before it finally became part of APC last Sept was a big number and the burn didn’t miraculously stop in Sept. I just don’t buy the party line that most of the £3.6m in placings are needed because orders with long lead times are rolling in, why not just use the new £6m working cap banking facility? I can’t see that what they are saying has any bearing on reality, so in the short term I’ll just wait and see. All the above is purely my opinion, it would be interesting to read alternative views, although sarcasm would also be good.

It might also be worth waiting to see how badly the GC acquisition has hit the finances of APC

about trades, but that was a decent one, wasn't it?

The market can do what it likes, I do! For what it’s worth I’d say there is a good chance of it drifting lower seeing as the Q1 KPI’s won’t be out until 28th of April

For cash burn and the break even target it’s all about monthly income and the headline revenue figure in the 2014 results doesn’t tell you the actual monthly burn rate at the same point in time, Dec 2014 Total Admin, Marketing and R&D costs in the full year to Dec 2013 were about £3.9m The same figure for the above in the 2014 results released yesterday was £6.26m, that’s a yearly increase of about 60% in costs …… so far so bad. Annualised recurring revenue (that’s the revenue figure relevant to present monthly cash burn) was £870k at the end of Dec 2013 Roll on 12 months to Dec 2014 and ARR had grown 247% to £3m, so a 60% rise in costs helped to grow ARR by 247% There was an average of 521k in costs per month in 2014, the 2014 year end monthly gross income figure would be around £175k (a 247% increase) using a 70% gross margin figure, so a net monthly loss of around £346k to start 2015 Using the same 70% in gross margin means monthly gross income has grown to around £200k in the two months to the end of Feb, hence I think cash burn is around £250k to £300k per month now (I,m using the higher figure) …… so far so good and every decent up tick in revenue during 2015 should see a decrease in the monthly cash burn. The working cap part of the placing plus cash left in the bank should get them through if the growth continues and if the Sales and Marketing placing cash maintains or betters the growth both in the UK and US then all will be ok …… if not ….. then, well I did say “should” As I’ve said already the KPI’s will be watched even more closely now. These companies are very high risk, but if they pull it off then expect very high reward …… or bust if they don’t, but this one has a great product, anyone can download it from Google Play and try it free for 14 days Anyway I saw more positives than negatives in yesterday’s news once I got over the placing kick in the nether region

The project going live could come any day now, if that's the news that people are waiting for then just buy now instead of at a premium, lol The Santander buy in is maybe what the market is waiting for

There is no arguing with the gloomy, doomy tone of the BB after that hefty discounted placing (even more hefty when factoring in the drop from £2 when they obviously started putting the placing feelers out), so I won’t bother. The KPI’s on the other hand are still looking very strong and a yearly recurring run rate of £3.46m at the end of Feb this year should mean Monthly cash burn is down to somewhere between £250k and £300k based on a 70% gross margin (just my rough calcs, so could be way out, DYOR) Not sure when they forecast break even to be, as I haven’t seen it mentioned, but providing the growth remains as strong as last year I would have thought breakeven should be achievable in early 2016 Once breakeven is achieved, then as with Outsourcery (ever the optimist!) the operational gearing should see profits grow quickly So on the whole a disaster of a placing which gave a good old kick in the danglies is eased by the high growth rate with great gross margins Future KPI’s are a more relevant watch now. All the above IMO, DYOR

I’m not impressed by the discount At least one new large holder (Livingbridge VC LLP) is a positive as you have to presume they see what we do and they want a seat on the BoD It does strengthen the balance sheet and as they say it will give them some cash if other acquisition opportunities come up I’m holding and see no reason to change tack on the back of this news, still not impressed by the discount though!

It will be interesting to see the market reaction to the update as it looks like the CEO has already signalled that the bottom line isn’t going to be great (info in the recent Proactive article) Expecting some spin!

loosing money after a few minutes ....... put your cash in the bank!! lol

The 14% in the post below comes from my research using the web thingy when I was researching MRS who are moving into the EPC market and their H/Y results seem to back that 14% figure up But DYOR

EPC contract means RAME get paid for supply and erection of the project ........ I think on average Global EPC contracts tend to through off NET income before tax of about 14% If that is accurate then the project build should be worth around $600k to Rame in PBT

That's financing for the first OFF-GRID wind project to supply electricity to a mine sorted

I really do think what RAME have achieved in getting the first 15 MW of wind generated electricity off the ground in Chile is very impressive. First they found the right sites, then they had to set up wind measuring tech to get enough info to build a business plan as well as sort out all the regularity issues to get the project ready Then they had to finance a $40m project, so they looked around and found Santander were interested Santander bought 80% of the 15 MW project from RAME, they then organised a big chunk of debt funding for the project at an interest rate of about 6% In a week or so the 15 MW project will start generating cash …… more importantly it will generate FREE CASH of around $1.5m to $1.75m per annum The next stage is for RAME to organise short term finance to buy back Santander’s 80% stake (at a price per MW that was agreed when they partnered on the project). Then RAME will look to sell 49% of the project to ii’s looking for a strong long term yield, which will give RAME some up front cash with which to finance the next projects as well as income from owning 51% of a cash generating asset. As SFU has said recently the £9m market cap doesn’t account for any of the above (maybe a portion) ….. I agree with him, but maybe we are wrong, lol

Dibs ...... Do you think they have burned through £4.9m in cash since June 2014? I’m finding it tricky to call as growth in annualised recurring revenue which ended the year at £3m would mean that on a monthly basis they are ticking along nicely towards monthly break even, each monthly increase in recurring revenue would mean less cash burned I am very tempted to add on this drop, but like you I’m wary of the reason for the drop, although I did wonder whether the drop has had something to do with the end of year results being late as the decline has accelerated since the end of Feb …… at least when they arrive answers should be forthcoming “The Group has now entered into a close period, ahead of its annual results announcement for year ending 31st December 2014, scheduled to be released in late February 2015.”

Virgin Media Business has joined forces with Outsourcery to launch its first UC product for start-ups and smaller companies. Multi-Tenant Lync can be scaled up or down each month and the cloud-based tools include instant messaging, web conferencing and IP voice. The solution is accessible through a single interface, regardless of where employees are or whatever device they're using. Mike Smith, Director of SoHo/SME at Virgin Media Business, said: "Small businesses are a driving force for our economy but without the right connectivity and tools in place they are not always able to realise their potential. "We are offering them a simple, flexible solution so they can better communicate and challenge their biggest competitors." Piers Linney, CEO of Outsourcery, said: "Multi-Tenant Lync is a great example of different technologies working together to help users share and communicate with each other. "Our Cloud service will underpin this development for smaller businesses and we are delighted to partner with Virgin Media Business to develop such a tailored solution for their SME customers." http://www.comms-dealer.com/industry-news/virgin-media-business-launches-uc-small-firms-following-outsourcery-link?utm_source=social-media

A British company will soon be generating cash from electricity in Chile from a $40m 15 MW wind project. More to come Very impressive

All 5 up and ready to start generating cash in the next couple of weeks!