Priced To Fail!31 Mar 2022 10:28
No longer the case, very bullish statement and AGM to come in 30min
"Furthermore, we are experiencing a material increase in Toople's high bandwidth leased line orders. These orders have significantly higher values and greater margins than our core broadband orders. This is significant as it gives us better visibility on our revenue given that 50% of the initial revenue consideration is received upfront and 50% paid on customer installation completion. Often customers require civil engineering work to complete installation and in some instances this can give a lead time of three to six months for completion."
"Importantly we are growing the business without any substantial increase in the cost of customer acquisition and our fixed operating costs remain stable. Our sales support function in Durban South Africa, is now back to working in the office following the easing of Covid restrictions, and that is translating into higher productivity and sales figures. We are also achieving increased customer contact rates compared to those achieved in the past 18 months.
"Overall, the Board considers the outlook for Toople to be very positive and believes that increased revenue and gross profit figures will be achieved by the Company as the UK economy learns to live with Covid-19 and returns to normal. We are well positioned to capitalise on new opportunities that are presenting themselves in light of the more positive business environment."
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