Cloudbuy Share Discussion Threads

[freddie01] 21/3/2017 12:22

The sooner the cash runs out the better so it either dies or is taken private because I doubt there will be any appetite from investors to put any more money in.

[troutisout] 21/3/2017 12:00

Duncandohnutter,

As I said Cash in bank at 30/6/2016 £1.9m, needed a further £1m on 2/12/2016, suggests that burn rate was £1m every 2.5-3 months. The cost cutting may help a little but surely some of that was in place last year before December.
So I believe that they will be needing to or may have already drawn down on the remaining £1.4m. There hasn't been an RNS but if they issued one, it would really flag up the cash situation and make another raise much harder.

The share price tells it's own story the market is pricing in something negative and as we don't know the revenue position I can only think they are thinking about cash.

[the stigologist] 21/3/2017 11:44

Anybody who thought a distressed debt hedgie from the US was 'investing' in the equity here was always deluded and deserves to get wiped out

[kemche] 21/3/2017 11:22

Mr Dohnutter,
Whilst I agree with the general thrust of your analysis I think your projections may be a little optimistic:

They had net current assets of £1.44 m at the end of June and required another £1m a mere 5 months later. That would suggest a cash burn rate of considerably more than £2m pa.


And before any of the usual suspects chime in - no they will not make billions etc. That was simply a ruse by the charlatan Tara Tenbag Williamtroll Barbour Evenley to entice the mug puntery into this POS so that he could exit.

[duncandohnutter] 21/3/2017 10:56

Agreed Sella's deal makes this uninvestable, so that means it has to start making money or go bust.
However, I think your projection is a bit pessimistic.

From post 13601

interims:
turnover: 785,000
costs: 1,735,000
cash: 1,947,000

directors remuneration reduced by 250k (token gesture)

So that's a cash burn of 1.75m per year.

2m cash plus anohter 1.5m from Sella (if he's daft enough to go through with it)

3.5 / 1.75 = 2 so that means out of cash by June 2018.

[troutisout] 21/3/2017 08:49

Friday will see a year of the Sella financing agreement and looking back, I have to wonder if they have drawn down more from that?

The initial £3.43m had left £1.9m cash at June 2016, then at the start of December 2016 they drew down another £1m, so if they burnt through £1.9m in 5 months that £1m should have lasted 2.5 maybe 3 months, so to the beginning of this month?
If they are managing to keep going beyond that, then that is mildly positive.
However with £1.4m left to drawdown and no dramatic rise in revenues they will be looking for more finance and that is what the market is looking at (it would seem).
Unless something dramatically changes they will need funds this Summer and rather than wait until the last moment they may have to raise earlier. I think this is when we see Sella cement his position and wrest control of the Company away from shareholders.

The agreement with Sella allowed him to take part in any placing at a 20% discount to other investors, which might put many investors off, leaving the only option to be Sella.

[duncandisorderly] 21/3/2017 08:23

There's still a pulse,43,595.Thet must of added a 1,000+ last night.

[duncandisorderly] 20/3/2017 08:38

I see that the CII site now has 42,475 products/services on it's page.It's not enough but at least it has started to rise again I suppose.

[duncandohnutter] 19/3/2017 11:36

Isn't "about to die" business as usual here?

[beeezzz] 19/3/2017 10:39

Is the company on life support now....seems to have stopped functioning....

[duncandisorderly] 16/3/2017 16:32

Another top week with AIM's most useless company.They have managed to surpass themselves today with sweet FA added to any of their sites from what I can see.Well done you useless c*cks............

[duncandisorderly] 14/3/2017 15:48

I wonder if anyone that works for Cloudbuy is going to do any fu*king work this week????????Useless!
Stick to the blue chips.Less corrupt than most of these AIM stocks.

[duncandohnutter] 14/3/2017 08:40

It doesn't matter how may thousands of pages of products they have if nobody is buying them. I looked at a few products and of the few that actually had prices it was easy to find better prices on amazon.in. I really don't like that most products don't give a price as people will just go to amazon instead of making an enquiry

[beeezzz] 13/3/2017 17:46

Not sure whether that is good news or just plodding along still....Like running through treacle...

[duncandisorderly] 13/3/2017 15:59

Gujarat government has entered into B2B e-commerce space as it allowed UK-based cloudbuy.com to develop B2B marketplace for accelerating its growth in state business by supporting SMEs and larger organisations via digitalisation.

According to a top official from the industry department, the state plans to give a digital push to the SMEs and large organisations from Gujarat via Business to Business (B2B) ecommerce.

However, Dhananjay Dwivedi, secretary, department of science and technology, Government of Gujarat, said the company had entered into a MoU with the state government. "Any other ecommerce company that can support business in Gujarat can also come" he added.

"With B2B trading opportunities being much bigger and faster now, the businesses of Gujarat will immensely benefit both in terms of revenue growth and reaching out to a far wider audience here in India and globally," said Nilesh Gopali, cloudBuy, Country Head - India. He also confirmed that cloudBuy.com has not received any exclusivity from the state government for developing state-focused B2B ecommerce platform.

Gujarat's foray into B2B e-commerce gives big push to small unitsAccording to the company, the creation of this new emarketplace will create many jobs within Gujarat through the creation of technical centres to help businesses upload and optimise their content.

Each company that registers for the marketplace will be given the opportunity to list their company details along with products and services online, promoting their business to a much wider audience.

cloudBuy.com would also provide full access to support system and reporting to maximise their growth through e-commerce sales. It would also provide fulfilment services like logistics providers and financial institutions through partners on the platform making it easier for businesses to transact.

Accessibility for all users through cell phones on a secure platform will enhance the user experience ensuring trades online.

Gujarat houses more than four lakh small business/SMEs that are diversified across industries. In recent years, Gujarat has witnessed the highest number of listing on SME exchanges and remained ahead of other states in terms of capital raised by local small companies.

Out of the total 66 firms that were listed on SME exchanges by BSE and NSE in 2016, about 25 were from Gujarat followed by Maharashtra at 11, Rajasthan at 7 and West Bengal (4). Data compiled by Pantomath Capital Advisors shows Gujarat's SMEs cumulatively mopped up Rs 234 crore, the highest among all state through initial public offers (IPOs) in 2016. Maharashtra's SMEs IPOs raised Rs 99 crore, Rajasthan's Rs 42 crore and West Bengal Rs 30 crore.

In 2016, Cloudbuy.com had entered into a similar type of partnership with the Confederation of Indian Industry (CII) to deliver an e-marketplace to its members and connect them with a new global audience. London Stock Exchange listed CloudBuy is a technology company within the B2B emarketplace space, having presences in 10 countries, with offices in seven countries.

RELATED

[chinese investor] 13/3/2017 14:40

I Watching & Waiting !

[geheimnis2] 10/3/2017 17:22

Anyone got a link to the CII site pls

Or FSB?

Maybe put them in the header?

[beeezzz] 10/3/2017 17:19

Thanks Marky....tempted to buy some at these levels...its just a matter of time, when the exponential curve starts really takes off.

[the stigologist] 09/3/2017 18:15

deluded muppet

[markybee] 09/3/2017 17:58

Just doing a little bit of research on the fsb.I didn't know this but the fsb marketplace has been running offline for years,how many i do not know.They hold events every year with more than 60,000 people attending.So this is surely a good way to promote the marketplace website,possibly even better than any email campaign,which they are also doing.....I can't wait to see the numbers on the marketplace.Ok,so they have had a poor start but they are only just starting to enrol through their live events.....Have a little patience people.I can see this being really big!!

[markybee] 09/3/2017 17:49

Another bit of news dated 7th march 2017.this is all there is on fsb.org....FSB Marketplace is now live in the Leics, Northants and Rutland region, ahead of the nationwide launch planned for April/May.

Register now to start doing business with other FSB members.

This new site is secure, easy to use and a place where you can buy and sell products and services to other businesses. Find out more here

[markybee] 09/3/2017 17:31

I don't think it actually says anything about it on the fsb marketplace site.So Have a look at this link which is on fsb.org.There is another link on this page but it only takes you to a registration page.Visit:
fsb.org.uk/media-centre/latest-news/2017/02/23/business-bytesize-23-february-2017

[duncandisorderly] 09/3/2017 08:10

Marky,where about's does it say that on the FSB site as I can't find it.