Cloudcoco Share Discussion Threads

[twodegrees] 04/12/2024 15:00

a bit of activity the last two days, maybe all is not lost

[markwell] 19/11/2024 09:09

Stockpicker, you really haven't got a clue. You've been banging on about the shares being worth 3p (post 2140 in Jan), saying the shares should be around 5p or 6p (2083 last Dec), that people should see the shares at 10p (2006 last Nov) and that it was rubbish that they could not pay off the £5 million debt (1921 last Nov) and even more ridiculous claims the further back that one goes on your posts. You also blamed MXC for the company's woes when they were actually keeping them afloat.

In addition I note that you do not post on any other stock forum on ADVFN so assume that this is your only investment. You have totally ignored the warnings made by myself and zilco 0ver the past 2 years and you are now down 80% here (2161 in Feb) at a breakeven of 1.4p. At least Beeks has finally seen the light and there really is nothing further to add to his post 2421 or my post 2422. You still have the opportunity to sell and recover your last 20% or stay in and potentially see that go too if, and when, it delists or is privatised.

It's entirely your own choice and your own problem - frankly you'd be better off sticking whatever money you have in a fixed rate bank deposit account where it is safe and sound since you are clueless and have absolutely no idea about share investment criteria or company balance sheets.

[stockpicker12] 18/11/2024 15:53

I’m sorry I disagree do you really think the BOD who hold so many shares along with MXC who still own 10% will just let them become nothing? I would like to think they’re working hard behind the scenes on behalf of shareholders to bring the value in especially now all the debt has gone! They’ve got £1million in the bank now to invest with. They’re looking to regain their losses surely!! Let’s watch this space it only takes one decent RNS or two and we’re back flying again. See how much growth morecoco has experienced already in the last 2 years!!

[markwell] 16/11/2024 06:52

stockpicker12 is still living in cloudcuckooland.
What's left of this business is not viable to remain listed.
It will either be bought out for a pittance or it will go private.
Either way your shares will have lost nearly all of their value.
Wake up and smell the coffee, Beeks already has.

[premium beeks] 15/11/2024 21:13

Private, or bust.

[stockpicker12] 15/11/2024 16:45

So, interesting week price seems to have held reasonably well since that overhanging debt was cleared. Really we just need an announcement that a decent CEO has been employed to take us to the next levels. Hopefully with cash in the bank now and seriously positive growth of morecoco in recent years this will be set to continue and if we can bring some new acquisitions in again to pump up the profits then hopefully we can break through 1p again. Does anyone care to give a view or analysis on where they see morecoco going in the next 3 years?

[premium beeks] 01/11/2024 10:11

Stock picker - I suppose you have to ask yourself the question as to why you invested here. If I wanted to invest in an online retailer I'd buy AO or the other plethora of companies out there.On the consumer side, have a look at hotukdeals previous morecoco comments as to quality of service. I just don't see the attraction in this low margin space, the only way they can grow is also by taking on more debt which gets things back where they were.You seem to have done what I did - fall in love with the company.

[stockpicker12] 01/11/2024 09:31

Also don’t forget MXC still own 10% of the company and they won’t easily be beaten 🙏

[stockpicker12] 01/11/2024 07:14

The question is what will the share price/value be with a fast growing 3.5 mill turnover company, very low operational costs 1mill cash in the bank and a much brighter future? Is it realistic to get back to a penny? At least that 7.9 mill debt has gone now! So much uncertainty there and even looked like going bust at one point. But now they’re free to grow!

[premium beeks] 01/11/2024 06:13

We are seeing an increasing number of these value-added resale sales being transacted via our e-commerce platform (morecoco.co.uk), which has seen revenue growth of 125% during this half-year to £3.6 million (H1 2023: £1.6 million). Whilst the gross margin on e-commerce sales is lower, this is offset by a lower cost of operational delivery.        

[twodegrees] 01/11/2024 00:04

Unaudited financial statements for FY24 are expected to show revenues of at least £27 million (2023: £25.9 million) and net debt of approximately £6.9 million, reflecting a challenging year due to, inter alia, rising costs.

[premium beeks] 31/10/2024 21:59

Two degrees, what has 27m turnover?Do you think someone just came along and paid off CLCOs debts and got nothing in return?

[twodegrees] 31/10/2024 21:19

Still a going concern

[premium beeks] 31/10/2024 17:39

They are now a very small scan computers. The listing really not worth the effort.Average cost of over 200k a year to maintain I believe. Why would they bother?

[twodegrees] 31/10/2024 15:00

Good news, loan paid, debt free, cash in bank ....time for a rerate of the share price!!

[twodegrees] 31/10/2024 09:36

Mark well, they have good sales, will have cash in the bank and not servicing huge mxc debt, surely all positives.

[markwell] 31/10/2024 09:12

Well I do wish you luck but after the disposals it probably will become too small an entity to continue to list on AIM. Therefore, it could plan to delist and in those circumstances either you would be left with shares in a private company or perhaps they might offer a peppercorn price to enable shareholders to exit prior to any subsequent delisting.

[stockpicker12] 31/10/2024 08:54

Yes RNS states 16th Oct that meeting is today, that’s why I posted I’m going is anyone else going today?

[twodegrees] 31/10/2024 08:26

Thank you for your wishes

[twodegrees] 31/10/2024 08:26

Premium Berks, the mxc loan was going to continue to hold the company back. With good sales numbers, at least going forward, survival is at least possible

[premium beeks] 31/10/2024 08:16

Best of luck to all those who continue to hold.

[twodegrees] 31/10/2024 08:16

Hopefully at 1pm today then mxc loan is paid and this company survives.

[stockpicker12] 29/10/2024 14:29

Ok I plan to go this Thursday to the shareholder meeting I’d really like to find out what’s going on and still have quite a holding here. So anyone else going?

Accordingly, Shareholder approval of the Proposed Sale is being sought at a General Meeting of the Company to be held at the offices of DAC Beachcroft LLP, The Walbrook Building, 25 Walbrook, London EC4N 8AF at 1.00 p.m. on 31 October 2024. The notice convening the General Meeting and setting out the Resolution to be considered at it is set out at the end of the Circular.