Buy
Sell
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
  -11.50 -10.75% 95.50 2,068,603 16:11:03
Bid Price Offer Price High Price Low Price Open Price
95.00 96.00 105.00 95.50 103.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 9.64 -3.11 -8.72 37
Last Trade Time Trade Type Trade Size Trade Price Currency
16:46:13 O 660,000 93.36 GBX

Cloudcall (CALL) Latest News

More Cloudcall News
Cloudcall Investors    Cloudcall Takeover Rumours

Cloudcall (CALL) Discussions and Chat

Cloudcall (CALL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 16:46:1493.36660,000616,176.00O
2021-01-22 16:45:0293.36660,000616,176.00O
2021-01-22 16:36:3893.00167,242155,535.06O
2021-01-22 16:36:2393.00332,758309,464.94O
2021-01-22 16:35:2395.5040,40038,582.00UT
View all Cloudcall trades in real-time

Cloudcall (CALL) Top Chat Posts

DateSubject
22/1/2021
08:20
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 107p.
Cloudcall Group Plc has a 4 week average price of 91.50p and a 12 week average price of 84p.
The 1 year high share price is 115.50p while the 1 year low share price is currently 67.50p.
There are currently 38,810,826 shares in issue and the average daily traded volume is 31,933 shares. The market capitalisation of Cloudcall Group Plc is £37,064,338.83.
30/12/2020
11:20
sooty snipes: HTTP://moneyweek.com/investments/stocks-and-shares/share-tips/602522/five-aim-stocks-with-plenty-of-potential-for-2021
30/12/2020
08:31
tole: https://moneyweek.com/investments/stocks-and-shares/share-tips/602522/five-aim-stocks-with-plenty-of-potential-for-2021Link to the money week article. Thanks for highlighting
04/6/2020
09:27
rivaldo: Arden have cut their forecast revenues this year by 23% and earnings by 15%. They now forecast a £4.4m loss this year, on £11.6m sales (just a touch up from last year). CALL have a £32.3m m/cap now. They do have a decent cash buffer (though rapidly decreasing), and some decent recurring income. But the valuation is still much too rich for me given the large continuing losses. At some stage CALL may reach a turning point, at which point I'll be interested, but that still seems a long way away.
05/2/2020
16:03
longtermgains: The current price of CALL and the valuations are both very far from being hyped and are also wrong. The US public markets and global private equity have a very vigorous and well-tested approach to valuing SaaS companies like CALL. Look at the BVP-Nasdaq Emerging Cloud Index ( hxxps://www.bvp.com/bvp-nasdaq-emerging-cloud-index ) and the extensive discussion on the BVP site(Bessemer Venture Partners - one of the leading venture investors in SaaS cos.) The UK stockmarket has yet to adopt them but it will. The US approach is all about optimising the growth rate and valuing the resultant future cash flows that are generated by the recurring revenues from the installed base. The current UK approach is best described as pragmatic, lacking in intellectual rigour and fails to reflect the nature of SaaS cos. This difference in approaches to valuation is a huge opportunity. And that is why US institutions are now beginning to arrive on the shareholder registers of UK quoted SaaS companies particularly CALL and why private equity will continue to approach UK SaaS companies. If CALL executes and delivers then, by 2025, the cash flows should be worth c850-900p. There is a huge amount to go for over the next five years and the current price is both very far from being hyped and way too low.
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.
16/1/2020
11:16
140661: The brokers remain optimistic and have a target price of 170p which is still putting the shares on a 40% discount to fair value. 30% organic growth; deal wins & pipeline provide healthy 2020 visibility In our recent initiation, we highlighted that the shares are an attractive combination of growth and visibility at a heavily discounted valuation for small-cap investors looking to gain exposure to the enterprise automation theme. Today's trading statement reveals 2019 revenues of £11.4m, a smidgen below our £11.5m forecast, implying 2H19 growth of 31% yoy with US growth of 55% a standout. Average monthly new subscribers/users of 902 in 2H were shy of guidance of ~1k due to timing of 'go lives', but the 4Q run-rate of 1,162 is the best ever for the company. Based on management comments, our analysis suggests CloudCall may already have visibility on >90% of our expected 2020 sales of £15.0m (+30% yoy), underpinning our forecasts and growth expectations. We leave estimates and our target price unchanged and look forward to detailed results in March. Given the healthy growth momentum and visibility into 2020, we continue to view the shares' 2.2x EV/Sales valuation as too low and reiterate BUY, with our 170p target assuming a conservative 40% discount to peers yet implying >70% upside potential. Strong organic growth... CloudCall expects 2019 revenues of £11.4m implying 2H19 sales of £6.2m, up 31% yoy and continuing on its ~30% growth trajectory. As we pointed out in our initiation, we believe adverse FX (weaker $/£) is largely to blame for the company coming in just shy of its 'in the region of £11.7m' revenue guidance (CGe £11.5m). However, 55% yoy growth in the US is impressive and at 40% of total sales it is closing in on the UK in terms of size. ~90% of sales remain repeatable with ~80% contractually recurring subscriptions. ...and healthy 2020 visibility Based on management comments, our analysis on page 2 suggests that CloudCall may already have good visibility on >90% of our £15m sales forecast for 2020 (+30% yoy). This takes into account the 2019 exit run-rate of £13m and adds £1m in contribution from already signed deals. The resultant ~£14m in sales implies only £1m in new sales are needed to deliver our £15m expectation. Such good visibility at this early stage in the year is, in our view, highly encouraging and underpins our estimates. Undervalued given strong organic growth CloudCall's ~30% organic growth is higher than most of its listed peers, yet the shares trade at a significant discount - 2.2x 2020 EV/Sales vs ~7.5x for listed UCaaS & customer engagement automation peers. We believe that a certain discount is warranted to reflect expected operating losses and the low liquidity in the shares. However, we detailed before how CloudCall's cash is spent well as new subscriptions are highly accretive with an LTV:CAC ratio of >7x implying a positive NPV/subscriber of ~£900 and an ROI on CAC of 3.4x. We hence view this sizable discount as too harsh with our 170p target implying a ~4x multiple or, in our view more reasonable, ~40% discount. Even in a cautious scenario where the shares did not re-rate meaningfully from current levels, we think long-term shareholders could reasonably expect a TSR in line with expected revenue growth of 25% to 30% per year in the mid- to long-term. We reiterate BUY.
12/6/2019
06:26
140661: More good news: CloudCall Group plc ("CloudCall", the "Company" or the "Group") New CRM Integration CloudCall and Access Group partner to deliver Unified Communications for Profile CloudCall (AIM: CALL), a leading cloud-based software business that integrates communications into Customer Relationship Management ('CRM') platforms, is pleased to announce a significant new integration and partnership with The Access Group's 'Profile' recruitment CRM. Built on CloudCall's new 'unify' architecture, the integration brings together CloudCall's Unified Communications services with Access Profile, to enable Access Profile's circa 15,000 users to capture details of every call and SMS and improve the quality of information in their Access Profile CRM system. The partnership, which is based on CloudCall's new partner marketing program will see both Access Profile and CloudCall actively marketing to the 500 plus companies that use Access Profile. Commenting on the partnership, CloudCall CEO, Simon Cleaver, said; "This integration and partnership is a significant step towards our strategy of building on CloudCall's growing presence and reputation within the recruitment sector. I'm excited to be working with the rapidly expanding Access Group and hope this is simply the first step in our relationship as, across their entire product range, Access provide services to 40% of the UK's top 500 agencies." Colin Whipp, Sales Director at Access commented "We are always aiming to offer our clients the very best ways of getting the most from Access Profile and helping improve their business. The CloudCall solution provides a great communications platform that people will find incredibly easy to use while making them more productive."
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."
26/9/2018
07:01
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
12:55
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
ADVFN Advertorial
Your Recent History
LSE
CALL
Cloudcall
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210123 08:01:10