Member Info for twodegrees

What was the previous name of this share before it started to trade in the USA please.

So apparently on the 22nd May a share consolidation is to take place. for every 70 shares a holder has, this will be reduced to 2 shares only.

can someone explain to me, what happens to the share price.

So I had a look at the recent annual report, and to my surprise it said:

(MoreCoCo E-Commerce Platform) MoreCoCo, our scalable e-commerce technology business, has been a particular success following a rebrand and improvements made to the site. We saw impressive growth during the year in MoreCoCo which saw sales from the site increasing 100% to £7.4m (FY23: £3.7m)"

So a New Rebrand causes sales to explode 100% in 1 year £3.7m-£7.4m that's a lot? and we don't know how half year sales are doing this year as its sept 2024 year end report. Sales could already be up another 50%-100% this year and we don't know yet ?

if there is an continued increase in ecommerce sales at the same rate then a valuation of £1m market cap certainly does not represent this company.

I had a look here also it says its undervalued: Take a look. hxxps://simplywall.st/stocks/gb/software/aim-clco/cloudcoco-group-shares/valuation

Well at least the spread is reducing

A 50% spread is hardly mouthwatering!!

About £7k worth of buys and it moves 30%, andy decent news should help this to really start the move we believe it should.

But surely they are buys

What is going on...now they have gone and moved into plush newly furbished offices. At What Cost?

Depressing results and lower share price. The constant depreciation here, after all the promises of progress and a large spread are not good news.

Greetings, I have submitted, but how do i get a receipt of submission

My sincere apologies, I posted on the wrong chat, it should have been norman broadbent.

Downing LLP

Downing Strategic Investment Trust, Client funds managed by Downing LLP, selling out, still over 7% left to sell

7.280000

Resulting situation on the date on which threshold was crossed or reached

7.280000

4649374 downing just sold

Position of previous notification (if applicable)

13.930000

Well something bad must have leaked for this to go into freefall

the news cannot be that significant, they cannot release news which would affect the share price in advance.

Any one any comment re this share. it is ridiculous that one small trade can reduce the share price by 4%. This is just falling every time a small sell is made.

Bobbyinvest, thank you for posting the full article.

Seems like a seller is in the background , the spread is also horrendous. Increase in sales, great news, but we are no further forward as the market has not rerated this based on going forward.

Greetings, any chance you could post the full article. Thanks

The market makers have been using a very wide spread for the past few weeks, trades have also been down on volumes. It would seem a seller is in the wind and thus we have seen a creeping down on the share price.....on the back of apparently good news....