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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% 66.00 5,198 08:00:10
Bid Price Offer Price High Price Low Price Open Price
65.00 67.00 68.00 66.00 66.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 9.64 -3.11 -8.72 32
Last Trade Time Trade Type Trade Size Trade Price Currency
09:44:21 O 123 65.00 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
08:44:2265.0012379.95O
08:05:0866.805,0003,340.00O
07:33:1565.007548.75O
2021-04-14 15:19:0868.005,0003,400.00O
2021-04-14 14:41:2466.841,5781,054.74O
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Cloudcall (CALL) Top Chat Posts

DateSubject
15/4/2021
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 66p.
Cloudcall Group Plc has a 4 week average price of 66p and a 12 week average price of 66p.
The 1 year high share price is 115.50p while the 1 year low share price is currently 66p.
There are currently 48,029,216 shares in issue and the average daily traded volume is 85,454 shares. The market capitalisation of Cloudcall Group Plc is £31,699,282.56.
31/3/2021
22:10
the millipede: FWIW the business model requires a lot of upfront sales work to generate future annual recurring revenues, so you would expect expenditure initially. This is precisely why the company has raised money. It might work. They have been close to break even before but decided to "go for growth" when the funds became available. I think, till covid interrupted things, they had done quite well at growing the business. It can't be denied however, that in terms of share price, this investment has been rubbish so far and the amount spent/vs income generated looks bad if you take a one year snapshot.
31/3/2021
08:17
boonkoh: Nothing unusual from results, the summary for me is... on track? No change since last trading update. Therefore surprised it is still below the placing price, of 81p.
29/3/2021
18:01
boonkoh: Interesting, two new institutional investors on board with the fundraising. Amati and Octopus.But does that mean existing investors declined to take up their fair share to keep from being diluted....!
26/3/2021
20:53
the millipede: The EIS concept is interesting and, although it is billed as a good way of attracting new money into small businesses, actually might end up undermining the share price of low liquidity stocks. Here is how it works. Suppose I bought 100,000 shares in the recent placing. EIS shares qualify for 30% tax relief which is paid as a reduction to the investors' tax bill. So to buy these 100,000 shares I paid £81,500. But I then get a reduction of £24,450 on my income tax bill for the 20/21 tax year, assuming I otherwise pay that amount or more in income tax. This makes the effective cost of the 100,000 shares £57,050 (81,500 - 24,450). Or 57.05p per share. I can then sell them in the market at (today) 75p realising an instant effective profit of 18p per share, or £18,000. This represents approximately a 30% effective return. And because the acquisition cost is 81.5p I pay no capital gains tax.... in fact, I can offset the capital loss (bought at 81.5p, sold at 75p) against future gains. Please let me know if I have got anything wrong there, but it seems to me a really wonderful way to buy shares and I would like to start doing it.
24/3/2021
19:13
cerrito: With the price at 74/76, Ihave been looking to see if I should buy more. As per my I was misguided enough to join the new issue. The issue with Primary Bid is that one has to make a decision fast especially if one has something else on. If I had read the RNS announcing the equity raise more closely I would have seen that they are now not forecasting monthly ebitda breakeven till 2023. It also had this most ambiguous sentence Quote The net cash impact expected at the end of 2021 compared to the previous expectations is £4.8 million. Unquote I will stay with what I have for the moment
03/3/2021
14:34
its the oxman: So many more shares in issue, happy to avoid these and wait for some serious growth without seriously rising costs , not sure it will ever happen though - share price could struggle now for some time.
02/3/2021
14:35
timbo003: >>>Nigel I used Pello on this occassion, they are briefed to inform me of any EIS qualifying placings that come their way, I heard from them on this one yesterday morning and we were made inside, they didn't know the price, but I assumed it would be between 70 - 75p. I know CALL reasonably well as I have been a shareholder since the placing (EIS qualifying) back in 2016, so the wife and I placed our orders for EIS shares only. We heard about our allocations this morning, she needs the EIS tax relief far more than I do, so I let her have my allocation. As it happens, this placing was via an accelerated book build, so I guess we could have waited until the announcement yesterday at 17:00 and phoned Pello (or any other broker where we have an account) and placed the same order and presumably ended up with a similar result.
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
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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