RE: Investment case for Toople10 Jan 2021 14:04
From the CEO about the recent market changes. As you can tell from the wording, It’s quite bullish. Reading all the last years RNS’s (almost read them all) the company is doing very well in very hard times….
AH- “”Openreach is building full-fibre to the premises (FTTP) to more than 4.5 million premises by the end of March 2021 and more than 20 million in the late 2020's. This, and the impact of the Coronavirus, is driving the need for better remote connectivity and unified communications solutions for Toople and its Group companies. As full-fibre availability in the UK grows exponentially, our suite of services support the transition to a full-fibre future and as the availability of fibre increases, so too will the number of new and expanded contracts for Toople.””
AH- “”Not only is Toople perfectly placed to take advantage of the macro drivers in telecoms, but it is also capable of providing small and medium sized businesses with simple, fixed fee contracts, allowing their employees and staff to work from home or their offices as the world settles into a new reality where employees can work from anywhere but must remain seamlessly connected to their colleagues and clients. In light of societal changes to working practices, and technical upgrades to the UK's communications infrastructure, the long term outlook for Toople is bright.””
I think 2021 will be a good year for TOOP’’s share price. Long overdue by the looks of it too! GLA