Share Name Share Symbol Market Type Share ISIN Share Description
Cloudcall Grp LSE:CALL London Ordinary Share GB00B4XS5145 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 111.00p 7,893 08:00:00
Bid Price Offer Price High Price Low Price Open Price
110.00p 112.00p 111.00p 111.00p 111.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 6.11 -2.29 -8.71 26.8

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Trade Time Trade Price Trade Size Trade Value Trade Type
08:44:25112.004,5005,040.00O
08:29:12110.401,1981,322.59O
07:18:47112.001,7761,989.12O
07:00:59110.00419460.90O
2018-09-19 11:02:58110.20279307.46O
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DateSubject
20/9/2018
09:20
Cloudcall Grp Daily Update: Cloudcall Grp is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker CALL. The last closing price for Cloudcall Grp was 111p.
Cloudcall Grp has a 4 week average price of 107.50p and a 12 week average price of 107.50p.
The 1 year high share price is 195.50p while the 1 year low share price is currently 107.50p.
There are currently 24,123,117 shares in issue and the average daily traded volume is 56,609 shares. The market capitalisation of Cloudcall Grp is £26,776,659.87.
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.
17/7/2018
10:28
horndean eagle: Share price move is a little disappointing but it probably leaked out ahead of today. They have been weak. I would argue that a few percentage points here or there doesn't make a huge difference. Its still growing at a fair clip and that doesn't look its going away any time soon. Every day that passes by we get closer and closer to breakeven.
08/5/2018
17:09
joeywald: Looks like a sell but appears to have had no effect on the share price - delayed reporting perhaps?
20/3/2018
12:17
rivaldo: Too expensive for me. CALL has a rather high £40m m/cap now for just £6.9m of revenues and a £1.9m EBITDA loss, let alone a £2.6m loss before tax. Arden Partners have heavily cut their forecasts going forward. They now see a £3.14m loss before tax this year, with a £0.8m loss in 2019. I can see the potential, and the fact that CALL is now reasonably well funded, but simply believe the share price has risen too far. The potential would imo be fairly reflected where the share price was before the large rise, i.e around 80p-90p and a £20m m/cap, reflecting continuing large losses for some time to come and around 2 to 2.5 times sales. Good luck all. It's just an opinion and I may of course well be wrong!
15/3/2018
09:46
140661: I suspect part of the reason for the share price rise is Bullhorn making some tasty acquisitions: hxxps://www.bullhorn.com/uk/blog/2018/03/bullhorn-acquires-talent-rover-jobscience/. Should be good news for Cloudcall.
08/2/2018
10:11
140661: Interesting note from Carcosa, much appreciated. A little surprised we have not seen any announcements recently on changes to major shareholdings. Last week two large trades went through of just over 2%. I am going to stop predicting the share price performance of this stock, the market seems to do the reverse of what I predict, most recently my £2 forecast. Still believe these are very cheap though!
04/1/2018
09:16
140661: Based on past years I would expect the trading update next week, should make it clear if the good progress made over the last 18 months has continued in second half of 2017. Assuming it has, we should see 2018 as the year this company moves into profitability and given the strong recurring revenue nature of the business we should be well set for strong share price performance in 2018. GLAH
29/12/2017
08:27
140661: Decent tick up in the share price over last 24 hours but still trading below the placing price of 143p back in September; since which time the company has announced a number of positive developments. 2018 could be a very good year for Cloudcall shareholders, fingers crossed! GLAH
13/12/2017
13:48
140661: It looks to me that one of the shareholding announcements may have been wrong from yesterday. The company has updated the shareholders section of their website to today's date and have the new percentages for L&G, Living bridge etc. They are also showing Miton Asset Management at the same number of shares that they announced back in September. L&G's shareholding percentage has fallen to below 5% simply due to the second round of the placing their shareholding is unchanged in terms of number of shares.Not the cleverest move by the company to announce incorrect information but I am sure there is an explanation. Most importantly it does not look like the big shareholders are selling. The final reason I believe this too be correct is the small level of trading in recent weeks. The share price weakness in recent weeks is nevertheless very disappointing given the business seems too be going from strength to strength. GLAH
14/2/2017
07:03
140661: Positive note from Citywire yesterday Small cap hedge fund manager David Crawford has invested in online communications minnow CloudCall (CALL) after it increased its revenues by 50% last year. Crawford bought a 3.2% stake in the business worth £510,167 at a share price of 79p, up 61% from the four-year low of 49p in November last year. The stake is held in his £213 million City Financial Absolute Equity fund, which, despite a tough 2016, has maintained a good three-year record. ‘We like the business model,’ Crawford told Citywire. ‘The product adds value for customers and gives CloudCall a high percentage of recurring revenue. Typical [software as a service] companies trade on much higher multiples of sales thus we think the shares have plenty of upside.’ In an update last month, CloudCall reported cashflow 50% higher than the previous year at £4.9 million, with recurring revenue up 63%.
Cloudcall Grp share price data is direct from the London Stock Exchange
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