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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% | 0.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.75 | 0.75 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 17/4/2024 11:45 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 11:33 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 23/11/2023 13:48 by paulhopeful Simplywall.st forecast the cash runway is sufficient for more than 3 years. In 3 years time with revenue forecast to grow 7.84 percent each year, the company should have extra revenue of over £18,000 per day.. why could it not afford £2,500. Wallet investor 5 year forecast is 36.5p |
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 |
Posted at 07/11/2023 16:15 by freddie01 CloudCoCo on track for FY growthA focus on security and mutlicloud has paid off at the channel player as it continues to look for future revenue improvements Managed services player CloudCoCo has issued a trading update that indicates the channel player is on track to deliver full-year growth. The update covers the year to 30 September, with the firm on track to deliver at least £26m in revenues, compared with £24.2m in FY22. Trading Group EBITDA should also come in around £1.9m (FY22: £1.6m). Earlier this year, the firm indicated it was on a mission to break through the £100m revenue barrier in the next few years, and the update showed further progress in that ambition. The firm signed 42 new logo customers during the fiscal year. Another highlight was the 110% increase in the e-commerce sales from the MoreCoCo side of the business, reaching £4.2m. Growth in the year has come against a backdrop of challenging macro-economic conditions and belt tightening by customers. CloudCoCo has also benefited from being able to identify some cost savings and efficiencies. Part of the process of scrutinising costs has seen the firm’s recently formed commercial team review all supplier relationships and reduce the number from 450 to 220, identifying more than £50k of ongoing monthly savings. CloudCoCo’s relationship with Ingram Micro was also highlighted as one of the positives during the year, responsible for driving further growth. Mark Halpin, CEO of CloudCoCo, said that it was able to meet market expectations despite some of the challenges. “It’s been a challenging year, as anyone in the industry will tell you, so we’re pleased to have delivered a performance in line with market expectations while continuing to lay the groundwork for our long-term success,” he said. Security and multicloud have been two of the areas that have continued to show growth across the industry, and Halpin said the firm had made a conscious decision to increase its emphasis on its capabilities around that area. “We recognised the changing IT landscape was creating huge opportunities in cyber security and multicloud and have responded by bolstering our capability in these core pillars. Pipelines are growing at a healthy rate as a result and we’re confident in our ability to gain further traction in FY24,” he added. The update touched on M&A opportunities, revealing that directors were continuing to appraise pathways ahead. However, there was also a focus on repaying loan notes and driving debts down ahead of an October 2024 repayment date. “I would like to reassure investors that refinancing the debt is a key priority for the board, allowing CloudCoCo to continue to make progress both organically and through acquisition towards its ambition of becoming a £100m revenue company,” he said. During its ‘22 fiscal year, the firm sealed four acquisitions, including IDE Group Connect and Nimoveri, with those deals contributing positively to the bottom line. This move also helped the business to shape a strategy around four main areas: connectivity, multicloud, collaboration and cyber security. |
Posted at 07/11/2023 08:59 by beeks of arabia No hope needed, just patience!Ignore the background noise from short term investors. There's nowhere else I can think of with such longer term value than CLCO. I'll be parking any spare cash here over the coming months. |
Posted at 07/11/2023 07:52 by z1co Not a single post by any of rampers.The trading statement did not say how big the loss will be. Rather alarmingly the loan notes have increased to £5.5m from £5.1m over the last 6 months. These need to be sorted out by next year October 2024. No mention at all of how much cash is left!!! but they did mention the debt. "I would like to reassure investors that refinancing the debt is a key priority for the Board". AVOID until this is sorted out , indeed IF they can. |
Posted at 07/9/2023 23:00 by paulhopeful Calling all investors. According to Wallet Investor, Your £100 Investment maybe worth up to £2013 By 2028 ! Due to the specific nature of Cloudcoco this prediction may be excessive. Never the less.. Simply Wall ST suggest cloudcoco is Trading at 86.2 percent below fair value. Revenue is forecast to grow 7.84 percent per year. Sales UK Are 25.47 million. Market Cap just 5.47 million! |
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