Ronald Duncan of Cloudbuy (CBUY) what a dog’s breakfast of an RNS you served up today. I have sold all my shares. Did you really think that following the Quindell model of ‘clarification’ over the Equities First deal which you originally described as a loan was a good idea?
Following my articles on Friday and Saturday about Cloudbuy (CBUY) I kept on wondering if I was being a bit harsh. As a long-time supporter of Cloudbuy, and a shareholder – I wasn’t really doing myself any favours making bearish comments! But reading Tom Winnifrith’s pieces on Quindell Chairman Rob Terry’s dealings with Equities First rang a bell. I had to take a look…
In my article published on Friday I wondered aloud whether Director buying a week ago at Cloudbuy (CBUY) was insider dealing in the light of a big contract RNS earlier this week, or was the RNS a load of PR puffery wasting everybody’s time. I had emailed the company on Tuesday evening and by Thursday evening there was still no reply. Then out came the article on Friday and lo and behold I got an email back - from the company secretary, no less - within hours. Funny, that.
I have long been a fan of Cloudbuy (CBUY) – an interesting idea looks set to go places. Operating in the B2B arena, Cloudbuy has developed a platform for B2B sales – think of it as a kind of Ebay for business and you get the picture.
In the wake of the publication of 2013 results from Cloudbuy (CBUY) broker Hanson Westhouse has reiterated its but stance at 50p but warns that its 100p target could now “prove conservative.”
Cloudbuy (CBUY) has this morning issued a bullish trading statement boasting of its “strongest pipeline ever”. House broker Westhouse has responded with a flash note doubling its target price to 100p and with the shares at 49p reiterating its buy stance.
What was wrong with the name @UK? True it is the kind of thing that a Blairite politician like Trust Me Tony or Call Me Dave might come up with, but it had its superficial charm.
