Member Info for unhooked

In at around 22p SriK? Much like myself. Might be joining you in taking that loss as I can only see the share price drifting down from here for a good while....

Management won't take a pay cut, no chance. If they can get away with another placing, the gravy train continues. And they'll probably get their money because investors are gullible. I once looked at Challenger Energy, a tiny oil explorer. They never got anywhere or found anything, they just kept coming back, cap in hand to their investors and their investors kept stumping up. Whereabouts in the world does one think they were exploring (and where the BOD was based)? The Bahamas.

He's not hoping for it to go down. You buy a share in the hope it goes up, but if it goes down you're prepared to buy more. It's all pretty standard stuff.

"Cloud communications provider LoopUp group said on Tuesday that both revenue and underlying earnings had slumped during 2021 and cautioned that a longer than expected lag in converting bookings to revenue in its cloud telephony unit would again take its toll on the firm's top line in 2022.
LoopUp said it now expects to report full-year revenues of £19.5m, down from £50.2m in 2020, and £900,000 in underlying earnings, a marked drop when compared to the £15.3m brought in a year earlier.

The AIM-listed group also noted it had ended the year with gross cash of £5.5m, down from £12.1m, and net debt of £2.5m, up from £700,000.

Looking forward, LoopUp expects a "strong performance" in new cloud telephony contract wins in 2021, with the firm securing 31 new wins during the year, to improve further to "at least an additional 50" during 2022.

However, due to a long lag in converting bookings to revenue in the cloud telephony division, combined with continued expected pressure on its remote meetings business, LoopUp expects full-year 2022 revenues to be in the £15.0m-16.0m range."

Er, because it might go up? That's the idea.

Stew200: you're absolutely entitled to your opinion so if you think this is a profitable company, that's fine, good luck to you.

Paddy, I fear the qualification here is 'immediate'.

Anyway I'm not going to be the resident negative commentator on Loopup, I'm a holder for goodness sake! Just trying to interpret the RNS realistically.

One other thing. Cash is king, not profitability. If they don't have the cash to carry on (due to mistiming issues or whatever), they need money from investors or they go bust.

Why would they take on contracts if they're not trading profitably? Well, what else should they do? Give up? Why wouldn't they keep the gravy train on track. No, they carry on to the next capital raise, where they attempt to entice more mug investors. In my opinion. The new one in this RNS, as Pokerchips identified, is that "the lag from bookings to revenue is proving to be more pronounced". I can see that as being part of the reasoning for the next capital raise - cashflow mistiming - they are totally setting it up. They might also wrap it around another acquisition, as they did in October - always looks better.

This is only my opinion, it's *not* a fact (as we established yesterday, lol). The company may studiously avoid actually stating if they are trading profitably or not, but I'm afraid actions speak louder than words and I reckon they'll be back soon, cap in hand.

With respect, anybody who on the balance of probability still thinks that Loopup is trading profitably is deluded. Sadly.

That's my view - without the placing the company would be bust. Others here believe the company may be trading profitably...

Time will tell. Probably not much time.

Yes re dilutions (which I'd thought about but was too lazy to get into). Anyway, whatever the true loss is from June 2018, it's ugly.

For me, the big takeaway from my recent experiences, not just with Loopup, is a behavioural one. Looking back at my trades over the summer, I can now see that flushed with my small cap successes over late 2020 and early 2021, I took on way too much risk. I mean I took bigger positions in riskier propositions and with less due diligence than I should have. I can remember how good I was feeling about my investing skills - started to think I'd cracked it - couldn't wait to reinvest my gains. Well... that was exactly the moment to resist, to say 'ok, nothing goes on forever, the market's fairly or even fully valued here, just leave it in cash for a while'. Wow, that is so hard to do, but, you know, that was the right thing to do. Easy to be wise now. Question is, will I be able to resist in future?

Me too. Thought I'd picked up a bargain at 98p lol! I still think it'll come good with time, but it would've been helpful to get in 15% lower.

These are fair comments. Cheers guys, I'm probably a bit worked up today.

We're in agreement then, we don't definitively know if the company's actually trading profitably. As you can tell, I'm starting to doubt that it is, but of course that's an opinion... maybe only a feeling actually, albeit a strong one. Jointhedots, I take on board what you heard in those interviews - that's v interesting & helpful.

Paddy, I can't remember where I read it - it wasn't on a share forum, it was somewhere (slightly) more reliable, but again, it wasn't stated as fact. Quite agree, cannot imagine the market's reaction to another raise, that's partly the worry for me.

Tough day. Not only on this share.

Thanks for responding.

*de-ramping

Gents, if I'm labouring under a misunderstanding, why don't you explain why, rather than simply dismissing it as having no basis. That would be more helpful. I mean, I'm here to learn. Always.

Anyway, I've had a quick breeze through the RNSs myself. I can see nothing definitive on the issue of whether the company is trading profitably atm. Certainly, they raised far more in October than was required simply for the acquisition of SyncRTC Inc. Why are there rumours of another raise? Are you saying that won't happen or would only happen to fund further acquisitions?

I've noticed some forums are quite helpful, others a bit snotty and superior.

And Paddy, with comments like "this share is the biggest crock of nonsense ever" and "a totally rubbish investment this truly has been", I rather wonder who's re-ramping.

This company needs infusions of cash to stay alive... that's where it comes from.
It would be quite hard to de-ramp this company.

Honestly HeresHopin, do you need to get so personal? We're all (most of us) hurting on this share and your nastiness isn't helping much, even if you get off on it. Learn to play the ball, not the man.

join- it wasn't inadvertent, it's just a fact.
Logically, you're right, it doesn't mean the strategy is faltering, but logically it equally doesn't mean the strategy is working...
But I think it's worse. I mean the company can't cover its expenses atm, which leaves the fear of another cash call on investors hanging in the air.
Truth is, as you imply, it's all conjecture without news. Just painful.

Who can't count HeresHopin... was it no. 11 or no. 9?
I won't be calling you a moron.

Down 97.5% from the all-time high of 495p in June 2018...
I've heard of penny shares like this - can't quite believe I'm in one.

The company may not be dead, but nobody will buy.
And who feels like subscribing to another placing?? Perhaps Mr Andrew Scott. If his pockets are deep enough maybe he can take it private for a song.

May I add:

8. Share is being manipulated by the market makers

10. BOD should release an RNS - appalling investor relations/communications - and why haven't they bought shares? They should be sacked.

11. It wasn't my fault guv'nor