Having cautioned on LoopUp Group (LOOP) since its AIM IPO and much more subsequently, including most recently with the shares up to 1.9p in November, I note the shares currently down more than 60% today below 1p on a “Trading Update & Proposed Cancellation”-titled announcement. Again, hopefully our prior warnings were heeded then!…
LoopUp Group (LOOP) has announced it is to exit its Hybridium business as it “has concluded that the group's financial and operational resources should be laser focused on our strongly growing Cloud Telephony business, and not compromised by the requirements of the earlier stage Hybridium business”. What of this and a current share price response slightly up to 1.9p?
Cloud communications platform group LoopUp (LOOP) states that it is “pleased to announce” results for the first half of the 2023 calendar year and that it is “well placed with a building pipeline to become a future winner in the multinational segment of the $31 billion Cloud Telephony market opportunity”. With the shares currently up more than 50% in response to above 3p, is it now “well placed”?
Describing itself as a “cloud platform for premium hybrid communications”, LoopUp Group (LOOP) has issued an announcement including that it has extended its debt facilities to 30th September 2024 with “no changes to key commercial terms”. So what of a share price in response at 1.75p, down over 14%?
Previously writing on group which describes itself as a “cloud platform for premium hybrid communications” LoopUp (LOOP), in March with the shares rising to 3.15p I noted it reckons “strong double-digit revenue growth from FY25 onwards”… but what about the bottom-line? And it has to get there first. It now reckons it “is pleased to announce its preliminary unaudited results for the year ended 31 December 2022”, so what of the shares currently responding further lower to 2.55p?
Describing itself as a “cloud platform for premium external communications”, LoopUp Group (LOOP) has issued a trading update commencing that it “now expects a material jump in Q422 revenue to approximately £7.2 million following the PGi Connect transaction announced in September 2022, and so a strong run-rate heading into FY23” and the shares have currently responded 5% higher. Good news then?
LoopUp Group (LOOP) has issued a trading update including that “following the successful transition of PGi Connect Meetings business and the commercial progress achieved in Cloud Telephony, the group now expects FY 2022 revenue to be marginally above market expectations at no less than £15.5 million”. So what of a current share price response down by more than 8% towards 4p?
Writing on LoopUp Group (LOOP) early this month with the shares up to 9p I concluded the current financial profile still suggests at this juncture avoid / sell... And at 6:18pm last night a “Proposed Capital Raising” announcement.
A “Material Contract Win; Business and Trading Update” announcement from LoopUp Group (LOOP) which emphasises a “Meetings: new material contract win expected to generate c.£10 million of revenue and c.£5 million of net cash in the 12 months from October 2022 to September 2023”. But isn’t the group supposed to be ‘transitioning’ from Meetings to 'Hybrid Communications' technology?
Previously writing on communications cloud platform group LoopUp (LOOP), on the shares rising to 13.375p in April I concluded that the financial picture meant I remained bearish and, looking towards further balance sheet detail with interest, to still avoid / sell. Now results for the 2021 calendar year... and the shares currently further down at below 7p.
LoopUp Group (LOOP) has announced “a deal with Telefónica for its Hybrid Auditorium and Events technology” and Cloud Telephony progress towards securing “50 additional contract wins in FY2022”. Though what of a current share price response up 91% to 13.375p?...
LoopUp (LOOP) commences a trading statement with that it “expects both revenue and EBITDA for year ended 31 December 2021 to be broadly in line with market expectations” and adds “gross cash of £5.5 million”. So why currently a 10p share price, below £10 million market cap, more than 23% lower?...
Previously writing on cloud communications platform group LoopUp (LOOP), in March with the shares at 86.5p I noted that my doubts remain. Today it has made a half-year trading update including that “in Cloud Telephony, we have seen a material acceleration in new customer wins”...but the shares have currently responded further lower, closer to 50p. So what’s going on?...
