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LOOP Loopup Group Plc

0.70
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Loopup Group Plc LSE:LOOP London Ordinary Share GB00BYQP6S60 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.70 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.60 0.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 16.48M -21.8M -0.1102 -0.06 1.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.70 GBX

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Posted at 19/4/2024 09:20 by Loopup Daily Update
Loopup Group Plc is listed in the Computers & Software-whsl sector of the London Stock Exchange with ticker LOOP. The last closing price for Loopup was 0.70p.
Loopup currently has 197,916,443 shares in issue. The market capitalisation of Loopup is £1,385,415.
Loopup has a price to earnings ratio (PE ratio) of -0.06.
This morning LOOP shares opened at -
Posted at 11/3/2024 07:34 by pugugly
Going private - How much marked down on opening? Last chance saloon to cut losses now open.

Any thoughts re price level when a private company.
Declaration - Used to hold but exited a long time ago.
Posted at 19/9/2023 12:39 by dave4545
Great price to get in at they were all over this a penny higher on Thursday when up 50%
Posted at 14/9/2023 09:11 by dave4545
This market revolves around a fast buck so it does not matter wether loop made £10 mil or lost £10 mil when it's top of the leadersboard a load of momentum players enter

That's the market guess you do not get that Terminator
Posted at 06/9/2023 12:45 by dave4545
Tbh they have worked this down on the smallest of selling and as soon as there is interest the mm's get short and it spikes, then you get short closing at a premium similar to the last time.

You also get the berks buying and selling for a loss after 20 mins because the share has not risen 100% !
Posted at 03/7/2023 16:10 by timbo003
>>>>PU

Back in the pre-pandemic days when the share price was flying high and the business was growing rapidly the company was focused on hosting corporate teleconferencing mainly for Big Legal firms. Then along came Covid which no one had predicted and no one knew how to react to and that changed the landscape for Loopup, the business went from high growth to rapid decline. They still have the declining legacy business and it will be a useful cash cow for another few years, but they are now focusing on a new opportunity which is providing a Cloud telephony service to multinational corporations utilising the "operator connect" function in Microsoft teams. From what I can gather employees at multinationals increasingly use this for one to one phone calls with colleagues, so rather then use the usual dialing app on their phone they will dial through on the microsoft teams app and this is why the addressable market is so large. Nearly all of the commercial world, especially mutinationals use Microsoft Office and Teams.

They have asked shareholders to stump up extra funds (deeply discounted placings) on two occassions post pandemic to fund the new business (25p/share 2021 and 5p/share 2022), but their cloud telephony business now seems to be coming good with rapid growth and many new contracts arising from inbound enquiries.

They do not believe they will need any additional cash to get to profitability with the new Cloud telephony business which is growing rapidly (although if the share price did well enough they might do a raise to reduce debt). The addressable market is very large (difficult to estimate but maybe somewhere around £2Bn) and they only have two (small) competitors and there are significant barriers to entry for any other wannabe competitors.
Posted at 14/12/2022 15:13 by 1224saj
Most telcos in the channel where loop sit, are declaring increased turnover and profits. Daisy have just declared upwards of 14% increase in profits
Posted at 14/12/2022 12:01 by 1224saj
As I'm in the industry, I bought into the Loop story and ended up with a bunch of city wide boys that thought they knew how to play the game. With some anger this is going to go! I can't wait to meet the BOD at an industry junket, because they won't be able to keep their mouths shut, blaming everybody and anything apart from their complete incompetence.
Posted at 07/9/2022 07:12 by someuwin
7 September 2022

LOOPUP GROUP PLC

("LoopUp" or the "Group")

PGi Connect contract update

LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, is pleased to announce an update on its agreement with PGi Connect.

On 1 September 2022, the Group announced that it had entered into a revenue sharing and customer transfer agreement with PGi Connect, which gives LoopUp the rights to transfer materially all of PGi Connect's conferencing services customers (but not its webcasting customers) over to LoopUp. While no initial or fixed consideration is payable, the Group will pay PGi Connect a share of revenue invoiced and received from successfully transferred customers for a period of three years.

On Friday 2 September, PGi Connect sent out the first and largest batch of contract assignment notices to c.8,100 of its enterprise customers concerning the transition of services to LoopUp from 1 October 2022. These customers currently generate an annualised revenue run-rate of c.GBP34 million to PGi Connect.

While this is clearly a highly material level of assigned business, and while more is expected to be assigned from PGi Connect to LoopUp in due course, the Group nevertheless reiterates that after making prudent transition loss assumptions for non-term-committed customers as well as general ongoing business attrition, it expects the PGi agreement to generate revenue of approximately GBP10 million and net cash contribution to the Group of approximately GBP5 million over the twelve-month period from October 2022 to September 2023
Posted at 01/9/2022 08:27 by pictureframe
in the twelve months from October 2022 to September 2023,
to generate revenue of approximately GBP10 million, at
a gross margin of approximately 60% after both LoopUp's
cost of goods sold and payment of PGi Connect's revenue
share(1) , and provide net cash contribution to the Group
of approximately GBP5 million over the period after other
associated cash costs.
Posted at 28/10/2021 11:01 by team cheltenham
I worked in this space for 20 years, I know most of the players, I know a lot about Loop Up and even more about their recentish acquisition Meeting Zone. In short, Loop Up revenue was heavily influenced by people dialing into a conference call, when dialing in was switching to digital meetings on any device. They tried but most of the clients Loop Up would have had already had digital collaboration options - they had MS Teams or Cisco WebEx ready to go, these solution often as not weren't used because Microsoft or Cisco never really managed their accounts so whilst a lot of users had the solution on their desktop or mobile device they never used them; they stuck with what they knew and knew how to use. Mind, if they didn't have them IT managers were rushing to them (MS and Cisco). Loop Up also had digital offerings but it's a difficult move from one solution (dialing in) that had a 70% - 80% margin to one (digital) that was nearer 20% - so going digital was never really encouraged. but most IT managers would choose one of the biggies before Loop Up, that's not to say they didn't have the odd success. However numbers started to head South, so what to do? Go to market for a fund raise and buy another legacy telco company for the sort of multiples of EBITDA you'd expect for a successful software outfit. MeetingZone were even more reliant on telephone call revenue. They did partner with both MS and Cisco as a reseller but they were on small margins. The acquisition looked good on paper but scratch away and it was rotten. I don't see where Loop Up can go from here - the market has been swallowed up by the big players and there's some niche stuff doing well but Loop Up aren't in that game. I know people that work there, good people, good at their jobs too but this is all about maintenance now. Just like all the other players in the conferencing space, the good years were 2000 - 2017, it was a free for all, massive margins, all telephone centric. But the digital transformation hit the industry fast and most were left chasing their legacy clients who were switching to Teams and WebEx. As a sales mgr most of my meetings in 2017 were trying to persuade clients to stay with us and start using our digital offering; some did, a lot left. Loop Up were no different, nor Meeting Zone. I know some of the senior guys at MZ couldn't believe what they were bought for. I was at another company who did some deep dd on MZ as they wanted to buy them (they'd been up for sale for years), at the time we walked away from it because the price was way too high and it was a price much much lower than what Loop Up paid. But they were desperate - like the stock price.
Loopup share price data is direct from the London Stock Exchange

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