LoopUp – “exiting Hybridium” business due to its “earlier stage”. Er, but I thought it was “primed for material commercial growth” over two years ago now?!
By Steve Moore | Monday 6 November 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.
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?
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