Member Info for Thumbsupuk

One thing is for sure and that’s Cloudcoco Plc came onto many radars yesterday! Onwards and upwards all the way and yes 10p should be achievable in the coming months DYOR IMHO

Revenue of £4.43m, up 44% against the previous six-month period (H2 2019: £3.08m, H1 2019: £4.18m)
Recurring revenue of £2.79m, up 31% on the previous six-month period (H2 2019: £2.13m, H1 2019: £3.02m)

X2 new big contracts announced woohoo surely this has to get the SP back on track!!! Well done BOD

CloudCoCo Group plc

("CloudCoCo", "the Group" or "the Company")

Interim Results

CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, announces its unaudited interim results for the six months ended 31 March 2020.

Financial highlights

The six months prior to the period under review have been included for comparison to help investors gauge the initial progress the business has made since the completion of the acquisition of CloudCoCo Limited on 21 October 2019 and the introduction of a new management team.

·
Revenue of £4.43m, up 44% against the previous six-month period (H2 2019: £3.08m, H1 2019: £4.18m)


·
Recurring revenue of £2.79m, up 31% on the previous six-month period (H2 2019: £2.13m, H1 2019: £3.02m), a key focus for the Group in becoming a sustainable growth business


·
Total contract value ("TCV") signed of £3.33m, up 158% against the previous six-month period (H2 2019: £1.29m, H1 2019: £1.37m), reflecting early successes in prioritising multi-year over single-year deals


·
Positive Trading Group EBITDA1 of £68k from a loss of £250k in the previous six-month period (H2 2019: loss of £250k, H1 2019: profit of £15k)


·
Pre-tax loss reduced to £1.57m from a loss of £5.59m in FY2019 (H1 2019: loss of £1.21m)


·
Cash at bank of £0.27m at 31 March 2020 (H2 2019: £0.31m, H1 2019: £0.84m) and £0.4m undrawn working capital facility


·
Net assets of £5.69m at 31 March 2020 (H2 2019 negative £1.11m, H1 2019 £2.92m)

1 earnings before net finance costs, tax, depreciation, amortisation, plc costs, separately identifiable items and share-based
income and payments


Operational highlights

·
Acquisition of CloudCoCo Limited on 21 October 2019


·
Rebrand and change of name to CloudCoCo Group plc on 29 November 2019


·
Refinancing of the Group's debt reducing loan note debt from £5m to £3.5m and extension of new £0.5m working capital facility


·
Appointment of new CEO, Mark Halpin, and CFO, Michael Lacey


·
Encouraging early progress made against new strategy both operationally and commercially


·
5-year cyber security management deal with a major operator of franchised car dealerships


·
Voted Zen Internet New Partner of the Year

Post-period highlights

·
Move to new Leeds office completed in June


·
3-year cyber security management deal with major online fashion retailer, boohoo


·
Resilient trading during pandemic but experiencing industry-wide headwinds


·
Growing recurring revenue and margin, together with cost reduction measures means the business is well-positioned to withstand the current situation

Simon Duckworth, non-executive chairman of CloudCoCo, commented:

"The new management team has made a promising start, implementing positive changes across the business an

If Redcentric delivered great results with accelerated IT growth, surely we should follow suite oh well tomorrow should be an interesting day. A good progress report and profit will see the SP fly. I also am in the 50% down club but then so are the BOD. Let’s hope they can turn this around and I’m sure they will just a case of when. Anyone got any thoughts?

Ouch definitely not worth 7.2 million now just a few months later. Although impressive growth from very talented staff should soon sort all this out. A cash raise would be a nail in the coffin so totally disagree with that BF, they wouldn’t want to water those shares down anymore. Constant impressive growth will do and the SP will follow suit:) hopefully!!!

The only comfort and confidence I still have (which has remained unchanged) is that Mr Halpin and the Cloudcoco leaders sold the company and still lead it with their shares now worth a snippet. So my bets are they will be doing everything they can to get the SP back to 3.4p which is at least around the price it was sold for back in October. At least AD4 is now gone and their last set of accounts out the way so it can only be onwards and upwards from here. Short term reduction expected though until we start getting some firm news coming through..GLA

Wow!! can’t believe what’s happening to the SP here my original holding is getting whacked and I nearly averaged down recently (glad I didn’t but looking more tempting than ever). Anyone care to list how they reckon this will turn around?

What I really like about this company is that the leadership have such LARGE shareholding’s. When looking into the future this surely stands the company in good stead. They won’t want to dilute them and they won’t want them to become worthless, so med-long term with top talent and a proven track record of success in a future proof industry this looks a winner IMHO!!!

Mxc has a 15% shareholding they are not a controlling shareholder see the holdings here:
https://wqbi611kuap2slk9j2m1xr7a-wpengine.netdna-ssl.com/Significant-Shareholders-02-Dec2019.pdf

I can’t see a threat from mxc but I do understand the frustration with no positive news since the takeover. That said in a very short time with good news the sentiment will return positive and these days will be forgotten IMHO. Everyone will be congratulating the leadership in the blink of an eye. Patience needed guys, to be fair they’ve only just taken on the new PLC status, they need a few months from the buyout date before any serious share purchase decisions should be taken...let’s see how this pans out:) GLA

I don’t think any directors will be selling come October at this rate. We need very clear communication about what successes are going on in the company, clear news that will bolster shareholder confidence. Guy feeling won’t be enough, we need clear announcements on profit and contracts. Once that happens then the share price will fly and only then could we see some selling in October, otherwise the whole thing is a complete waste of time and money. I’m happy to hold until things come good:)

True one things for sure they need to start updating the market with any successes!!

- top talent with the contacts, ability and skills to win large contracts
- expanding offices with methodical tenacity for growth

- Only limited shares in free float as mostly owned by directors
- no debt after takeover
- directors shares post sale 65% down losses into the £millions
- top talent running the company now with proven successful track record
- These directors will not want to suffer heavy share losses
- lots of initial work underway with the re-launch
- promise of restoring shareholder value pre-takeover
- £4milliion achieved by cloud coco in 1st 18 months from company start
- company BOD previously with red centric when trading at 85p per share
- Microsoft credible and established partner
- recognised as a government and public sector IT cloud provider
- a future proofed industry in the IT sector

Anyone care to name anymore reasons to invest here?

CloudCoCo Plc as part of its unique Microsoft as a Menu suite launch our Managed Windows Virtual Desktop (VDI) service.

Windows Virtual Desktop is a comprehensive desktop and app virtualization service running on the cloud. It is the only service that delivers simplified management, multi-session Windows 10, optimizations for Office 365 ProPlus, and support for Remote Desktop Services environments.

We have unbelievable Microsoft talent in house with an amazing ecosystem of complimentary Microsoft partners.

Every week from now we'll be launching a new Microsoft Managed Service from our suite.

Watch out for our Microsoft Teams to any make of PBX integration.

Phil Curwood Bryan Robertson Anton Murphy Graham Collinson

Totally agree these are bargain prices IMHO...this year will be a great one to watch. The price could easily be sent into orbit, with top talent running the company, a phenomenal first 18 months blasting into profit by the
Millions, and cloud industry leaders - it's looking mighty good from here:) DYOR

Sorry predictive text should have said strong profit announcements:)

Good news and strong profit Annette increments will see this turn very quickly and hopefully we will see 10p and beyond:)

Halpin is around £4million down since October whenever he sold the company, I'm sure he'll want to do something about that - the share price has been decimated since the takeover. I've got High hopes here that this will recover!!! Imho

I agree yes way undervalued and looks like anyone’s who recently sold may have played straight into the mms hands. Oh well give it 6 kJ the and see where we’re at then IMHO

There’s not many shares in free circulation, so all this could be a way for the mm’s to stock up before take off any thoughts anyone?