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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cloudcoco Group Plc | CLCO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.155 | 07:30:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.155 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 17/10/2024 08:23 by freddie01 Further Upside For CloudCoCo Group plc (LON:CLCO) Shares Could Introduce Price Risks After 220% BounceCloudCoCo Group plc (LON:CLCO) shareholders would be excited to see that the share price has had a great month, posting a 220% gain and recovering from prior weakness. But the last month did very little to improve the 58% share price decline over the last year. Even after such a large jump in price, CloudCoCo Group may still be sending buy signals at present with its price-to-sales (or "P/S") ratio of 0.1x, considering almost half of all companies in the IT industry in the United Kingdom have P/S ratios greater than 1.5x and even P/S higher than 4x aren't out of the ordinary. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S. How Has CloudCoCo Group Performed Recently? CloudCoCo Group has been doing a decent job lately as it's been growing revenue at a reasonable pace. It might be that many expect the respectable revenue performance to degrade, which has repressed the P/S. If that doesn't eventuate, then existing shareholders may have reason to be optimistic about the future direction of the share price. We don't have analyst forecasts, but you can see how recent trends are setting up the company for the future by checking out our free report on CloudCoCo Group's earnings, revenue and cash flow. Do Revenue Forecasts Match The Low P/S Ratio? In order to justify its P/S ratio, CloudCoCo Group would need to produce sluggish growth that's trailing the industry. Retrospectively, the last year delivered a decent 7.2% gain to the company's revenues. The latest three year period has also seen an excellent 255% overall rise in revenue, aided somewhat by its short-term performance. So we can start by confirming that the company has done a great job of growing revenues over that time. Comparing that recent medium-term revenue trajectory with the industry's one-year growth forecast of 8.1% shows it's noticeably more attractive. With this information, we find it odd that CloudCoCo Group is trading at a P/S lower than the industry. Apparently some shareholders believe the recent performance has exceeded its limits and have been accepting significantly lower selling prices. The Final Word The latest share price surge wasn't enough to lift CloudCoCo Group's P/S close to the industry median. Typically, we'd caution against reading too much into price-to-sales ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company. We're very surprised to see CloudCoCo Group currently trading on a much lower than expected P/S since its recent three-year growth is higher than the wider industry forecast. Potential investors that are sceptical over continued revenue performance may be preventing the P/S ratio from matching previous strong performance. It appears many are indeed anticipating revenue instability, because the persistence of these recent medium-term conditions would normally provide a boost to the share price. |
Posted at 08/10/2024 13:55 by freddie01 I'm unaware if this has been posted and my view continues to be not a lot of hope here.CloudCoCo reports H1 results amid stabilisation efforts Channel player is going through a review that should put it in a stronger financial position, but it’s business as usual in the meantime CloudCoCo has signalled the business is continuing to look for further stabilisation after delivering its first-half numbers. The firm reported an 11% increase in revenues to £14.3m, from £12.9m, with 62% of that total coming from managed services. Gross profit was flat at £4.3m, while e-commerce revenues from MoreCoCo increased by 125% to £3.6m. The six months to 31 March also showed a continued focus on saving costs, with administrative expenses cut by 4% to £4.9m. The first half of the fiscal year saw the business add 24 new customers, signing multiyear deals with a range of brands, including Support Warehouse, Allied Services and High Availability Hosting. The business has also seen cyber security revenues increase, thanks to its ability to offer real-time threat reporting and management support. Its partnerships with Ingram Micro and Solace Global Cyber have also helped uncover more growth opportunities. The tone struck by Ian Smith, consultant to the board and interim CEO of the group’s trading entities, indicated that it had made progress but the work on stabilising the business would continue. “These interim results do not reflect the period of my tenure, but they do highlight a number of the challenges the business faces, which we will work on resolving to ensure the company can meet its liabilities and is able to look to the future with confidence,” he said. Smith got involved with the business in April, after the first half period, when Mark Halpin stepped down from the board and CEO role. At that point, CloudCoCo reached an agreement with its existing loan note holder, MXC, to extend the redemption date of the loan notes to 31 August 2026. In his comments accompanying the half-year results, Simon Duckworth, chairman of CloudCoCo, gave some insight into the current focus of the business. “Ian’s initial remit is to carry out a full strategic review of the group, and to advise the board on where the value sits within the business and how that value can be maximised to improve the group’s trading performance and financial position. MXC remains supportive both as a shareholder and loan note provider,” he stated. Despite the challenging economic environment we continue to operate in, we had some pleasing new business wins during the period and continue to build a solid pipeline Simon Duckworth, CloudCoCo “However, it is clear that the loan notes will not be able to be repaid within the required period via operating cash flows so we continue to work with MXC to find the best solution for the repayment of the loan notes,” he added. The business operates across four main areas: managed services, infrastructure services, telecoms and product. Current efforts will include establishing which are core and non-core, and which will provide maximum value to the group. “Going forward, we hope to be able to provide further reporting in each of these units. This work is ongoing and we will update shareholders as we progress. We understand this has been a prolonged period of uncertainty and want to reassure investors we are committed to navigating it with determination and transparency,” said Duckworth. “In our daily activities, we are continuing with a business-as-usual approach, focusing on sales and pipeline generation across all of the group’s revenue streams. Despite the challenging economic environment we continue to operate in, which is impacting the purchasing decisions of certain customers, we had some pleasing new business wins during the period and continue to build a solid pipeline,” he added. |
Posted at 13/7/2024 15:18 by stockpicker12 While Duckworse is trying to figure out how to build shareholder value the company continues to drop the share price and at this rate will soon be 0p per share. I honestly thought the inherited debt back in 2019 around £3.9mill would stay fixed and repaid as the company is restructured to get well get fit boll@*#s. That was all bullshi*#t as they’ve mounted interest only for MXC to shoot them selves in the foot. No wonder Mark left. How demoralising is that reshaping an d creating profit only for some invested fat cats to demand more money for nothing and this threaten the existence of the company. I’ve invested heavy here but am struggling to see how this can really turnaround. Yours sincerely a very pis*#%d off investor!!! |
Posted at 27/6/2024 22:17 by twodegrees Chairman's StatementI am pleased to report our interim results for the period ended 31 March 2024. During the period under review we have continued to focus on three key strategic objectives: • to accelerate sales; • to maintain excellent support levels; and • to drive efficiencies and strengthen our financial position. Despite ongoing economic headwinds, we have remained focussed, delivering growth in revenues and Trading Group EBITDA1. Further details of trading during the six months ended 31 March 2024 are set out in the Business Review below. As reported in the 2023 full year accounts, much of the first six months of FY24 were spent exploring options to refinance the legacy loan notes, which under the original terms were due for repayment in October 2024. This was concluded on 29 April 2024 when we reached agreement with our existing loan note holder, MXC Guernsey Limited ("MXC"), to extend the redemption date of the loan notes to 31 August 2026. At the same time, Mark Halpin stepped down from the Board and his position as CEO and Ian Smith (CEO of MXC Capital Limited, the parent of MXC) joined CloudCoCo, initially as a consultant to the Board, acting as Interim CEO of the Group's trading entities. Ian's initial remit is to carry out a full strategic review of the Group, in order to advise the Board on where the value sits within the business and how that value can be maximised to improve the Group's trading performance and financial position. MXC remains supportive both as a shareholder and loan note provider. However, it is clear that the loan notes will not be able to be repaid within the required period via operating cash flows and so we continue to work with MXC to find the best solution for the repayment of the loan notes. The Group is complex and it is taking time to analyse all of the data into the four business units we believe best reflect the services provided, namely Managed Services, Infrastructure Services, Telecoms and Product. This analysis will help determine the core and non-core elements of the Group and will underpin the value maximisation work referred to above. Going forward, we hope to be able to provide further reporting in each of these units. This work is ongoing and we will update shareholders as we progress. We understand this has been a prolonged period of uncertainty and want to reassure investors we are are committed to navigating it with determination and transparency. In our daily activities, we are continuing with a "business as usual" approach, focussing on sales and pipeline generation across all of the Group's revenue streams. Despite the challenging economic environment we continue to operate in, which is impacting the purchasing decisions of certain of our customers, we had some pleasing new business wins during the period and continue to build a solid pipeline. Mindful of the broader economic realities, and to improve our working capital position, we continue to reduce costs within the business wherever possible to ensure we are as efficient as we can be. I would like to thank our staff for their continued commitment during this transitional period and their hard work in retaining key clients and delivering high customer satisfaction levels. With the continued support of our staff, customers and suppliers, we look forward to making continued steady progress in the second half of the financial year. Simon Duckworth Chairman |
Posted at 10/5/2024 06:37 by premium beeks Stockpicker - you are putting blame in the wrong corner. MXC are not the baddies here, they have shareholders of their own to satisfy and can't just give money away. Additionally CLCO have had many years to sort this, and didn't.The board here are the only ones to blame. The excuse of "being too busy" to get the accounts out because they were busy trying to do the financing is mind boggling - I was reserved when announced (classed it as a yellow card) but it's absolutely shocking leadership of a public company when you start to put the pieces together. Was the leadership expecting to walk in to the local tsb and get a loan? How did they think this would play out, and why did they not start this process in 2022, 2023? How did it suddenly become only a footnote for investors in November? (Even though well flagged by Markwell and Z1co on here). How did they not realise that with a debt the size of the company to refinance in the next financial year that the auditors were likely not gonna sign the accounts off? Some mitigation there that money markets seem to have really hardened the last 6 months, but the leadership should really have had a better handle on this.There's a good company here underneath the Corporate structure. A piece of the poor performing bit at the top has now gone and it needs some better leadership to take this forward. In fairness Mark has done a fantastic job growing the company, but Cordswainer nailed it that it's been too "flamboyant" and needs a steady head now. |
Posted at 17/4/2024 10:45 by stockpicker12 Found here: hxxps://cloudcoco.coJILL COLLIGHAN Non-Executive Director Jill was appointed Chief Financial Officer of CloudCoCo on 01 October 2018, having previously held the position of Executive Director from July 2017. A Chartered Certified Accountant, Jill has over 15 years of operational experience at Plc board level specialising in finance, human resources, investor relations and corporate finance. As well as her role with CloudCoCo, Jill is also CFO of MXC Capital Limited, a technology-focused merchant bank and one of the largest shareholders. From 2004 to 2014 Jill was Group Finance Director of AIM-quoted mobile technology provider 2ergo Group Plc. Jill chairs CloudCoCo’s audit committee and is a member of its remuneration committee. |
Posted at 17/4/2024 10:33 by stockpicker12 Markwell, thanks for the mention as I can’t wait for this to get to 4/5p first, then 10p and beyond 🚀 IMHO ofcourse!! Yes I agree Beeks you do give a balanced view and offers good for thought. This debt has always been known about from day 1 of the takeover from Adept. There’s no surprises here however ofcourse the refinancing needs to be reviewed in the run up to October at the time taking into account present day interest rates. Morecoco has kept growing and performing since inception as we’ve seen by the news updates. The BOD have a history in generating large sales revenues, and delivering here. Expansion with acquisitions has opened up a wider client base to cross sell into. Profit will hopefully be announced as it’s been promised, MXC have a vested interest in CLCO so hopefully we’ll see a favourable solution now that decisions can be made for October. Patience is required here simple as that! I would be an amazed as the BOD own 70% of the company shares if they are not going to make a beneficial choice for CloudCoCo. Read the investors section on the website to refresh yourself with why we are here. Oh btw there’s cash in the bank as well:) |
Posted at 17/11/2023 10:20 by z1co What they said in their recent trading update:"I would like to reassure investors that refinancing the debt is a key priority for the Board". Refinancing the debt NOT repaying it off. Pathetic. And yet this fool is telling everyone that all is ok. |
Posted at 15/11/2023 20:38 by twodegrees Premium Beeks, I look forward to the day, when all those LinkedIn messages actually turn into RNS, so that Investors at large can see what is happening here. Also remember his messages cannot be market sensitive or he would be in trouble. Might be good if the management bought to shares to show confidence in the company, whilst we wait on the continued turnaround story. |
Posted at 10/11/2023 09:58 by beeks of arabia On free float, there are a few larger investors who may want to sell down (and i've alluded to this previously). Example - Unless Barnes has flogged, he may still have his AncarB/Adept4 shares which are now no longer notifiable. He's started another company with his son and partner Sharon (Core Team One) - and may want cash to expand there.As always you don't know what is going on under the surface for these larger holders. I'd also expect we'll see some more come on board. Hargreaves Lansdowns notifiable holding includes mine, so unless they notify on a % drop you can be assured I am not selling! B |
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