Cloudcall Share Discussion Threads

[ali47fish] 25/7/2021 10:01

helpful insight cerrito- thanks

[cerrito] 24/7/2021 18:10

I have more CALL than is good for me at an average inprice of 80.
Having listened to the IMC session I need to consult with my pillow as to whether I buy more..no interest in selling at these prices.
Obviously doing well…but with the state of the recruitment market they would have problems if they were not doing well. Good idea to get into property.
No reason for their 2 largest shareholders Cannacord and Gresham House to sell and good to see no change of holdings RNS since end of March.
I had some difficulty in getting to grips with what they meant by CRM#s but a visit to the Bullhorn and propertybase websites sorted that out.

[cerrito] 24/7/2021 17:50

The Millipede, I have just listened to the recording. If someone ask the question of cash burn, they did not pick up the ball.
This is how I see H1 21
Cash went up from £5.7m at 12.20 to £8.4m at 6.21 ie £2.7m but did have a gross fund raising of £7.5m say net £7.3m. Debt down from £3.7m to 3m.ie cash burn including debt repayment £3.9m They have the tax credit of £1m.If their optimism for sales increase in H2 is justified, I am happy that there is no need for a cash raise this year nor indeed well into 2022..assuming of course the bankers are happy.

[the millipede] 20/7/2021 14:36

I won't be able to dial in sadly, but would expect questions around cash burn.

Call raised £12m in Sept 2019 to fund accelerated growth.

Then in March this year they raised a further £7.5m.

Current cash of £8.4m suggests the £12m has all been spent and, having been here a while (too long really), I am not seeing any of the accelerated growth this cash was meant to buy.

I appreciate covid, blah blah, but would have thought this is the sort of business that could do well during pandemic.

[davemac3] 20/7/2021 13:36

seems like a decent update, surprised so little action here today. Should be more info on the Investor call later.

[ali47fish] 23/5/2021 12:35

will call produce an agm statement on monday?

[davemac3] 05/5/2021 14:19

could have bottomed out and now on the rise

[its the oxman] 16/4/2021 10:18

Been really poor here and suspect it will get worse before it gets better. Test of 60p not impossible unless real evidence of improvement come next update.

[davemac3] 13/4/2021 09:57

The trades at 68.47 are buys

[the millipede] 31/3/2021 22:10

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.

[horndean eagle] 31/3/2021 16:13

They are dreadful results. Can't grasp why sales and admin costs seem to keep on growing through the roof. They are clearly fiddling around with gross margins and hiding a lot of costs below the line. Had hoped someone would put shareholders out of their misery but no sign of that at all.

[sooty snipes] 31/3/2021 10:30

All you guys are doing is providing a lifestyle for Cleaver and co.

[boonkoh] 31/3/2021 08:17

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.

[boonkoh] 29/3/2021 18:01

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....!

[boonkoh] 29/3/2021 15:00

Good to see the other lot of new shares, admitted this morning. No big selling. I guess most of the holders are not willing to sell at a small loss.

[the millipede] 26/3/2021 21:12

Ah. And the reason it won't work is that the tax relief is withdrawn if you sell within 3 years.

Shame.

[the millipede] 26/3/2021 20:53

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.

[boonkoh] 26/3/2021 17:18

Hopefully that's the overhang seller cleared out then,the one that's been pushing the share price down.Crazy it is trading at a discount to the placing that has just been done.

[the millipede] 25/3/2021 13:53

"Great to see TM still cheerleading!"

Good to see you again Del. Not sure cheerleading is quite the right way to put it..... more like, crying into my beer!

[cerrito] 24/3/2021 19:13

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

[deltrotter] 20/3/2021 15:15

Wow! Thought this was one had gone bust! Still operating and still raising cash...

Was badly stung on these 5/6 years ago.

Great to see TM still cheerleading!

[its the oxman] 03/3/2021 14:34

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.

[sooty snipes] 03/3/2021 14:24

Sold most of my shares three weeks ago. This shower of bandits should rename themselves Money eaters. Buy into these and all your doing is funding a lifestyle for Cleaver and co.

[gnnmartin] 03/3/2021 09:16

Timbo, thanks.

[timbo003] 02/3/2021 14:35

>>>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.