Member Info for MaximusProfitus

PL and co should be hounded out of the City after this car crash. Tens of millions of investor cash wasted in an utter folly. Poorly led from day one by he and his sidekick SN as joint CEO's. Outsourcey luched from one cash crisis to the next for years. Numerous flawed strategies and poor execution epitomised. This business NEVER turned a profit. The market cap at its peak was utterly ludicrous. Shame for honest investors that were beguiled by the PR machine, and for the handful of staff that survived round after round of cuts.

Difficult to see a way forward from here. Laying yet more staff off and a fire sale of any disposable assets they have may keep the lights on for a short while, but it's hard to imagine any serious investment being forthcoming. Unfortunately that's Outsourcery's operating model. Spend piles of invested cash and loans, keep cranking the PR handle and hope for the best. Hats off to PL and co for keeping it going as long as they have. He's probably planning his exit strategy and his next venture as we speak. I imagine drumming up investment for it may prove more challenging. Dragons Den maybe?

Hard to forsee anything other than a car crash.

Nothing to tell. No significant wins or uplift in revenues. Even the vaunted Outsourcery PR machine has run out of steam eventually. You can only release the same story so many times. The investors and the industry are bored of the lack of substance.

I have to wonder if she really knows what she is getting into and what a state Outsourcery is actually in. I doubt it.

Explain please IT Knowledge?

Explain please IT Knowledge?

It's the standard set of results. Poor sales performance and no decent MRR growth worth shouting about. Another loss-making period. (remember Outsourcery has NEVER made a profit) A re-hash of the usual commentary and statements of intent (re partners, pipeline, the market etc.) that are long on marketing spin but short on substance. The market isn't fooled. Share price has plummeted again and is now 86% down from when they listed. From a trading perspective its future looks poor. As a fundraising and cash burning machine however, it's exceptional.

Not sure a day plugging Skype for business counts as 'contracts' Kaching but I admire your optimism!

There's nothing to tell, I think that's pretty clear. No contract wins or sales of note worth a mention. Just the usual shallow hype and rhetoric. We've heard it all before, several times.

Re current cash position, I hear that they are in the **** again. Struggled to pay salaries and are furiously juggling creditors. Also a couple of senior people have handed their notice in. In short it's a mess. Without some decent contract wins soon I can't see how they can raise more cash and they desperately need it. Perhaps they can re-announce previous wins.....oh wait.... Roll on 3rd June and Baron Munchausen's (Piers) latest round of rhetoric and BS.

No, different product set.

It wouldn't be the first time they have had to raise cash. In fairness they seem to be very good at it and have had no problems attracting investment. The overall cash burn since PL and SN acquired Outsourcery is staggering. It's not as new a business as the Chairman likes to make out.

Same old same old a far as their results go, nothing particularly encouraging, no big upturn in revenues and nothing concrete to promote optimism. Hard to see this becoming the £1bn business Piers is always banging on about.

That's the same model Piers is using with Outsourcery. :-)

I'd love to know why PL thinks he can turn this into a £bn business given its woeful performance to date. I have it on good authority that's it's short on cash as usual, struggling to operate (again) and struggling to pay the staff (again)! Have a look via Companies House and see what has happened to every other business PL has been involved with. He's a serial failure and I wouldn't be surprised to learn he had been booted off Dragon's Den! The man is a fool.

Piers and Simon will soon be like the destitute Randolph and Mortimer from the classic movie 'Trading Places!' "Get those brokers back in here! Turn those machines back on! Turn those machines back onnn!!!"

Operational positive cash flow by end 2015!! They will never make it. Six months cash left at most then yet another round of funding required! God only knows how much cash OUT has p*ssed away since it started. A fortune I'm sure! OUT have done wonders getting the investment they have done to date, they could struggle to raise more. Piers' fellow dragons must be watching and wondering what the hell he is doing on the show. He'll have his begging bowl out to them next! One can imagine the response... http://youtu.be/U_LsCRgs_Pg

Amazingly PL is up for some sort of business award. The judging panel need to have a proper look at OUT. He might then get the wooden spoon, if he is lucky! http://www.standard.co.uk/news/london/piers-linney-and-wilfred-emmanueljones-named-as-finalists-for-awards-celebrating-black-business-leaders-9710779.html

24th September.