Member Info for KaChing

ITK ….. cheers for the reply If I’m reading it correct we are not far away from wanting the same thing ……… you are looking for MRR to be £900k by the beginning of Sept, which would imply recurring revenue for the six months of about £4.65m (I’ve averaged out the 6 month MRR growth figure to get that number), OUT suggest non recurring revenue of around £1m for the full year, so a total revenue of around the £5m mark for the H/Y is feasible …….. I’m looking for £4m+ and MRR to start the second half of around your figure would be nice. That £900k MRR on the 36% margin they have achieved previously would cut their monthly costs down to about £324k ………. so it would be in the right area! Cash has always been tight, something I’ve acknowledged myself, £2.7m is what I was thinking plus another £1m on top if receivable are received as more than half of the the payables figure was accruals and deferred income …….. so they probably had £7.3m in cash through the H/Y The IL3 platform would only see about £1m going out of the door for setup costs such as platform design, build, security and accreditation, the rest is OPEX until the IL3 achieves breakeven and contingency cash, so some wriggle room?! All in all I think we are looking at the same thing financial performance wise, lol …….. , if the growth is there as hoped and is forecast to keep growing, then cash could be ok JUST …….. but like you I think it more likely they will need more, whether the growth in regular MRR is enough for some kind of short term Bank facility to have access to more working cap, I don’t know, but at the end of the day they listed to get access to cash! they have been clear on that. Anyway, cheers again for ameteur analysis, it’s something I like to do, even if just like the Pro’s I’m very rarely correct.

rid ....... Info for your trade, I can sell all mine for 35p ........

Lorraine Smith ‏@Lorraine_SYNETY 9m @Synety WOW....off to a great start at the Salesforce Essentials Tour in Leeds. We even had a queue forming at one point! @FrenchChrisM

ITK ......... What do you think the numbers will be in the H/Y results?

There will be very few making a profit at these levels, only you rid, lol At least we might have a 23p bottom as a reference for any pullbacks now!

The fast stock thingies and RSI along with some kind of bollinger band in the Stockopedia chart is saying that if the past is a guide to the future, then the SP is about to rise! I try, lol ……

Short term trade matters not, Making money with money is the name of the game, Make it slow or fast, It matters not. crap poetry, but I try, lol

we must be close to a trading update!

Hopefully the Investor/Analyst get together on the 30th of this month will give some a better trade or another trade in July ……… or maybe news on a new contract, scrub that lets stick with something from the get together, another contract! what am I thinking lol

I think I paid 34p once upon a time ago! lol

The riddler has a few followers, lol ........ that's what I put it down to, the power of a super villain!, lol

The two CEO's hold about 30% of the company between them after putting their own cash in! give them a break, lol

thought I'd better say it quick before the slayers do, lol

Yeah I know what you are saying and I’ve seen from some of your other posts, it bugs you when they don’t do as maybe they should, not something that bothers me! different stokes ……. to be fair it’s very illiquid and I’ve said a few times since it started to fall that it was because of a larger seller wanting out, it’s been easy to track!

Regarding keeping the market informed on the pi lead AIM market, I can’t disagree that they could do with upping their game …….. on the other hand if they are growing the company, then doing not much in the way of “we know of no reason for the decline” waffle while the SP has been declining has given me the opportunity to add more shares for less cash! ……… silver linings! or deluded!

14.55% rise on google, I nearly fell off my chair, don’t think I’ve ever seen it go blue, lol

Finding the bottom is like finding a needle in a haystack here, there is nothing from the past to reference! Maybe it could be around these levels, who knows …….. there is a bit of press coming out and like I said last week the Investor/Analyst shindig at the Microsoft offices at the end of the month might lead to some action in July for a trade. I’m looking to build long term, but even I’m not dumb enough to do more than dribble cash in ……. The H/Y figures will hopefully add to the knowledge base for future decisions!

Tony, yeah I worked that OUT ages ago, but there is no harm in humouring them, I enjoy it, you get it from BB to BB ……..There are more experts on these forums then you can shake a stick at, lol But, who knows, they could be correct!

Do you understand what ITK is actually saying when going on about Linc, Hosted voice, connectivity etc.? because that’s out of my knowledge base when it comes to the detail, I get what is does though, found that on google! lol ……. all I know is that apparently companies with over a £billion in turnover are signing up to use OUT’s service (ok I exaggerate, only one has been named, lol), they must be making the correct decisions, surely! As for why OUT got rid of anything to do with their legacy mobile offering, they make that pretty clear, all info on the website, so no need to guess! Market expectations are for revenue around the £12m mark for 2014 …… info can be found on the website, actually most of my waffle can be found on the website, lol OUT are quite a way from breakeven, the H/Y results will probably show revenue of around £4m+, which would be like for like 100% growth and that is the kind of growth they need to hit at least market expectations! Costs for the H/Y being a fairly constant will be around the £5m mark Margin of about 36% at the moment, expected to rise with the growth in revenue. The MRR figure will be the one that the market should take the most interest in. Cash is the big issue, grow the MRR quickly and consistently enough and convert the monthly invoicing into actual cash flow promptly then obviously they burn through less cash as the months go on. If they can’t grow quick enough, then Cash will be needed there is no doubt about that!! ……. oh the joys and risks of deciding where to stick our money, lol

You did come back with the exact figure, wondered whether you would …… Strange how £590m doesn’t sound that far OUT from £500m at the current exchange rate! …….. still at least OUT have ambition, sorry I mean they are deluded! As for me, I’ve been dumb and deluded for years, which explains my position here I guess!! Yeah I saw the irony in the SP and other IPO’s comment, it did make me chuckle …….. not convinced investors lose money by holding though …….. but I’m being far too simplistic!