LoopUp – interims argue “well placed… to become a future winner”, but is it really?…
By Steve Moore | Thursday 14 September 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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”?
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