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Share Name Share Symbol Market Type Share ISIN Share Description
Cloudcall Group Plc LSE:CALL London Ordinary Share GB00B4XS5145 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 88.00 20,213 08:00:29
Bid Price Offer Price High Price Low Price Open Price
86.00 90.00 88.00 88.00 88.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 9.64 -3.11 -8.72 34
Last Trade Time Trade Type Trade Size Trade Price Currency
09:26:17 O 2,213 89.96 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
08:26:1989.962,2131,990.81O
08:13:4087.305,0004,365.00O
08:13:3487.305,0004,365.00O
08:13:3387.303,0002,619.00O
08:12:3687.301,000873.00O
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Cloudcall (CALL) Top Chat Posts

DateSubject
29/5/2020
09:20
Cloudcall Daily Update: Cloudcall Group Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker CALL. The last closing price for Cloudcall was 88p.
Cloudcall Group Plc has a 4 week average price of 84p and a 12 week average price of 69p.
The 1 year high share price is 122.50p while the 1 year low share price is currently 69p.
There are currently 38,719,697 shares in issue and the average daily traded volume is 23,106 shares. The market capitalisation of Cloudcall Group Plc is £34,073,333.36.
11/3/2020
09:57
the millipede: Hard to know tbh. But I think: no more than anyone else with a product that is not exactly discretionary spending. The share price is holding up quite well I think, although it is down, obvs.
05/2/2020
20:35
140661: Some well thought through comments, so thank you The Millipede and Longtermgains. I have been a holder for many years and while the share price performance has been disappointing, I also share the belief that Cloudcall is significantly undervalued. My views warrant little respect but the buying by a number of US funds is a strong indicator that with a little more time these shares will start out-performing. The recent note by Cannacord felt quite conservative and even they are suggesting a fair value of over 170p. GLAH
04/2/2020
20:36
the millipede: I think one of the interesting thing about CALL, which is probably common to many or even most start ups, is that putting a fair value on the equity can be quite tricky. Often speculation and hype can drive prices but, if I am honest, I don't see that here. Two posts here in a week, with consistently low trading volumes does not suggest a hyped share. Sirius Minerals, yes, especially before last summer; here not so much IMVHO. In fact, I think you might struggle to find a stock more under the radar than this one. What we can say with confidence is that several institutions have been happy to buy shares at £1.00, including some American investment houses which is intriguing. I think the Americans have a different way of thinking about start ups from the average Aim Investor. My view is the institutions see good value here at £1.00 or they would not have handed over £12m in the recent fund raising. Meanwhile the day-to-day stock price is controlled by the small number of trading private investors, several of whom (if you read back through this thread) don't fully buy into the strategy of raising equity to fund rapid growth. They would rather the company had raised less equity capital, prioritised profitability, and had grown more slowly. Because of that, on reflection, I am not surprised by the pull back in the share price. A new company using cash funds to grow is going to post losses and CALL is no exception. And, because of the growth rate, by the time results are posted they are already irrelevant. The key metrics for now are not profits at all but annualised recurring revenue, churn, and cash burn, which is high now due to an expanding sales effort but will reduce. That sales effort should, in turn, lead to still faster growth in ARR. For those reasons I am not convinced Arden's forecasts have any meaning - they seem as confused as many other British investors about start up investment - and I would say if institutions are happy funding this at £1.00, as they seem to be, then that price represents good value. I might be wrong. I certainly invested too early here, back when CALL was just a cash shell with an idea attached, and I do understand why people are looking at Arden's figures and moving on. Unprofitable start ups are not for everyone! But I also think this was the last equity raise - £12m - was large enough to ensure no more funds will be needed, as well as being supported by an especially interesting mix of institutions. What is more, CALL was close enough to "break even" last year that the business model is proven. The product is good and gaining traction. The revenues are growing fast with a £50m ARR target by 2025. The company has excellent management and a strong barrier to entry in the form of the personal relationships with the likes of Bullhorn that are needed for customers to get access to the product or anything similar. So I think fair value is probably some way north of here, and am happy to hold for the long term.
21/1/2020
12:42
the millipede: There is a write up on Stockopedia, dated 16 Jan, which is good. I don't want to copy it here or put words into Paul Scott's mouth by paraphrasing his piece, but on this stock he still holds and is upbeat, as am I. The good news for me is the recent capital raise, which was substantial and which enables CALL to go for growth rather than profits. (I have been wishing they would and could do this for some time, now they have the money to get moving.) The increased US interest is also a positive as was last week's update which has great growth numbers and shows deepening relations with Bullhorn and others. Expansion into Asia...... etc. This is still a speculative stock, but I think if you see CALL for what it is, and understand the risks, it is not a bad option, especially when set against other small speculative AIM stocks (most of which operate in the natural resources or oil & gas space, many of which are borderline scams which this is clearly not), and especially when you consider the revenue growth story. Anyway, the share price movement seems to disagree with my thinking, but volumes are small and we have solid institutional support, especially now from the US.
29/10/2019
07:09
140661: Hopefully yesterdays share price rise was the beginning of a recovery. The market has certainly ignored the recent announcement that monthly turnover exceeded £1m level and that the fund raising was very well supported. I suppose you can understand the markets reluctance to get too excited given the missed promises of the past but perhaps management are about to deliver, lets hope so!
30/9/2019
10:47
pj 1: A 'Premium' I'm sure. But to what share price I am unsure. They must hold the world record along with SEE for the number of Placings?
13/12/2018
07:35
140661: This note was put out in late September by Cenkos one of Cloudcalls brokers. At the time the shares were 111p, since then they have fallen over one-third! "Vonage has announced that it is acquiring one of CloudCall’s key competitors, NewVoiceMedia. This acquisition provides strongly favourable read-across valuation data. The CloudCall share price has now reached a level which is disconnected with anything approaching fair value. We are strong Buyers. . Vonage acquisition. Vonage has announced the acquisition of NewVoiceMedia (NVM) for $350m. The acquisition will assist Vonage in offering an integrated cloud communications platform and strengthen its position in the mid-market. NVM is an unquoted UK company with a significant international presence. NVM’s unified communications platform integrates only into salesforce.com and it is therefore a competitor in this partner only to CloudCall. Its market positioning is subtly different too with its focus being on larger scale call centre operations with prevalently inbound contact environments. . NewVoiceMedia. Headquartered in Basingstoke, we believe NVM has secured over $140m of funding in a series of financing rounds over the past few years. The most recently available accounts state that it generated an operating loss before taxation of £21.5m on revenues of £32.2m (+37% YoY) for the year to January 2017. . Comparable growth rates. The enterprise value paid for NewVoiceMedia represents approximately 3.8x projected 2019E revenues (source: Vonage). CloudCall has a comparable growth rate in revenues to NVM (H1A: +30% YoY). Applying a 3.8x EV/Sales multiple to CloudCall’s 2019E sales we arrive at a target price of 205p. This stands 83% above the current share price. . Unified solution. The strategic rationale of creating an end-to-end communications platform will not be confined to Vonage and this acquisition could well prompt further consolidation in the sector. CloudCall is trading on a 2019E EV/sales ratio of 2.1x only. We remain strong buyers."
06/12/2018
07:24
140661: Copy of todays announcement shown below: Reading between the lines, I suspect its quite likely the company will be saying some fairly positive things about trading in the second half, otherwise why host such an event? You would have to be very sadistic and stupid to put on such event if the figures were going to be disappointing. Recent fall in the share price here looks massively over done. Its probably a great buying opportunity now, shame we have such bad market backdrop, but fortune favours the brave! CloudCall Group plc ("CloudCall", the "Company" or the "Group") Notification of Capital Markets Day CloudCall (AIM: CALL), a leading cloud-based software business that integrates unified communications technology with Customer Relationship Management (CRM) platforms, notifies that it will be holding a capital markets day to be held in the Cinema Room, Sky Light City Tower, 50 Basinghall Street, London EC2V 5DE between 12.30 and 14.00 on January 17 2019. The day’s agenda will include: Discussions on the underlying SaaS metrics behind January’s trading statement – due for release on January 15 2019 A chance to hear from Bullhorn and one of our Microsoft CRM partners - Why they chose to partner with CloudCall - Why are unified communications solutions important to their customers A demonstration of our latest product innovations Opportunity for a Q&A with partners and members of our senior management team To register for this event or for more information, please contact the Company directly at ir@cloudcall.com
26/9/2018
08:01
140661: Cenkos believe Cloudcall is significantly undervalued at 111p, at 100p its getting very tempting indeed. CloudCall Group Plc (CALL LN, 111p, £26.8m, BUY) Strongly undervalued Vonage has announced that it is acquiring one of CloudCall’s key competitors, NewVoiceMedia. This acquisition provides strongly favourable read-across valuation data. The CloudCall share price has now reached a level which is disconnected with anything approaching fair value. We are strong Buyers. n Vonage acquisition. Vonage has announced the acquisition of NewVoiceMedia (NVM) for $350m. The acquisition will assist Vonage in offering an integrated cloud communications platform and strengthen its position in the mid-market. NVM is an unquoted UK company with a significant international presence. NVM’s unified communications platform integrates only into salesforce.com and it is therefore a competitor in this partner only to CloudCall. Its market positioning is subtly different too with its focus being on larger scale call centre operations with prevalently inbound contact environments. n NewVoiceMedia. Headquartered in Basingstoke, we believe NVM has secured over $140m of funding in a series of financing rounds over the past few years. The most recently available accounts state that it generated an operating loss before taxation of £21.5m on revenues of £32.2m (+37% YoY) for the year to January 2017. n Comparable growth rates. The enterprise value paid for NewVoiceMedia represents approximately 3.8x projected 2019E revenues (source: Vonage). CloudCall has a comparable growth rate in revenues to NVM (H1A: +30% YoY). Applying a 3.8x EV/Sales multiple to CloudCall’s 2019E sales we arrive at a target price of 205p. This stands 83% above the current share price. n Unified solution. The strategic rationale of creating an end-to-end communications platform will not be confined to Vonage and this acquisition could well prompt further consolidation in the sector. CloudCall is trading on a 2019E EV/sales ratio of 2.1x only. We remain strong buyers.
18/7/2018
13:55
140661: The next section is written by Paul Scott, who owns CALL shares. Cloudcall (LON:CALL) · Share price: 134.5p (+2%) · No. of shares: 24 million · Market cap: £32 million Half-year trading update Somewhat belatedly, here are my comments, in response to reader requests above, on the Cloudcall (LON:CALL) trading update yesterday. I hold a long position in CALL shares. Firstly, it was clearly a profit warning, but a fairly mild one. The 2 brokers which report on CALL (both make their research available to subscribers of Research Tree) both put out updates, reducing 2018 revenue forecasts from c.£9.5m to c.£9.0m. One broker reduces its 2018 EBITDA loss from £2.4m to £3.1m, and the other reduces from a £1.9m EBITDA loss, to a £2.9m loss, so quite a significant drop in forecasts at the EBITDA level. What's gone wrong? The company says it's all down to timing of recruiting & training new sales people, which has taken longer than expected. It says there's not a problem with customer demand, they just didn't have the internal resource to bolt on new customers at the pace required. The brokers clearly believe that explanation, as they have not reduced revenues forecasts for 2019. The company also talks about expecting a strong H2 in 2018, as the new recruits kick in. If it all pans out as the company suggests, then the current share price weakness should prove negative. The trouble is that the company has proven somewhat accident-prone in the past (repeatedly missing targets, especially on cash burn), so investors are wise to take the company's outlook comments with a degree of scepticism. That doesn't make it a bad company, but I'm just pointing out that it tends to be overly optimistic, and then disappoints a bit. But that's within an overall picture of strongly growing revenues (which have risen organically from £3.3m just 3 years ago, to forecast c.£9m this year - that's very impressive growth). Organic growth - is still very impressive, as noted above. The market tends to put a significant premium on the price of any company delivering over, say 20% organic growth at the top line. CALL is still well above that, at +31% Y-on-Y revenues growth in H1 of 2018. That's still a very impressive growth rate, albeit below the previous forecast of c.39%. I don't think the company should be punished too hard for this. I like to look at not just year-on-year growth, but also sequential half year growth. This has been; H1 2017 £3.2m H2 2017 £3.7m (up 15.6% on previous half year) H1 2018 £4.1m (up 10.8% on previous half year) So there's been a slowing there, but still good growth. Note also that the company has sticky, recurring revenues - because its product is excellent (I use it myself). Cashflow is hence highly predictable, with customer receipts coming in regular as clockwork each month. Customer retention levels are high, because people find the product so useful. That's key for building a SaaS business. Gross margins are also very high - again a key point. Will it need more cash? Almost certainly, yes in my view. Does that matter? Not at all, in my view. There is no reason for shareholders to worry about another fundraising, because the company is well beyond the blue sky stage, when fundraisings are uncertain & can be done at deep discounts if investors are nervous. CloudCall's business model is now proven, and if it needs say another £3m to push it over the line into profitability, then that would only be about 10% dilution, and I reckon Instis would be queuing up to participate. Evidence for this is that the last placing raised £5.7m in late 2017, and was priced at 143.5p, only a 5.3% discount to the then share price of 151.5p. The only circumstances in which CALL would struggle to raise more equity, would be if the whole market turns bearish, and/or if CALL's revenue growth grinds to a halt. If that happens, then we'd be looking at a much lower share price, for sure. But that hasn't happened, hence why I think worries about another placing are wide of the mark. It's not a worry to me at all, for the reasons given. Note that the company has a track record of repeatedly stating that it will not need to raise more cash, and then going on to raise more cash! So the reassurances given in the latest update that it has adequate cash resources, and worthless in my view, given the history. But it doesn't actually matter either way. Is this a buying opportunity? That's obviously up to each individual to decide for themselves. I see this as a "good" profit warning - i.e. temporary, fixable problems, with the business model & growth story intact, just slightly blunted in H1. The share price recently peaked at 193p. So being able to buy at 135p today, seems an attractive proposition to me. I can understand emotions kicking in, and some investors' patience wearing thin, but taking a longer term view, this share could be worth substantially more, once you factor in a few more years' strong growth, and the eventual move into profit. Tech shares like this are not really valued on profits at the moment. The market is instead placing more emphasis on growth, with strong organic growth (combined with lots of operational gearing here, from high gross margin) should attract a premium rating. There are plenty of private equity buyers around, willing to pay eye-watering valuations for growth tech companies. I would welcome a takeover bid for CloudCall, providing the premium is sufficiently large. It doesn't sit well in the stock market, where people are too focused on short term performance. Whereas, the better option for a growth company is to set aside short term profitability, and instead "go for it" in terms of growth, which might mean incurring heavy losses in the short term. For stock market investors, CloudCall has been frustrating, in that the runway to profitability seems to be extended each year, by a year! The company is increasing its costs to take advantage of growth potential (and extending the features of its product), but with the time-lag inherent with that type of spending, it results in administrative costs relentlessly increasing, and absorbing the benefits of increased sales/gross margin. Hence why I don't think CALL should be listed on the stock market - it would be better off as a private company, and able to press on with faster, but more cash-consuming growth in the short term. Overall, I think that for investors who are prepared to be patient, then we should do well out of this one in the long-term. The current market cap is extremely low for a SaaS business that's not far off profitability. Just look at the valuation of LoopUp (LON:LOOP) to see what can be achieved in this sector. Regards, Paul.
Cloudcall share price data is direct from the London Stock Exchange
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