Thank you for your wishes |
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 |
Best of luck to all those who continue to hold. |
Hopefully at 1pm today then mxc loan is paid and this company survives. |
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. |
Hopefully on the 31st the company becomes debt free!!! |
I felt that as well. |
Yes I saw that.I think quoting his credentials from CLCO is quite the cheek. Maybe bang on about a 30m company from a standing start but he might want to caveat the share price destruction whilst at it.I can borrow 100k from the bank, it doesn't mean I've grown my assets by "100k from a standing start"! |
I’m thrilled to share that I’m starting a new role today as Sales and Marketing Director for SCC Digital. |
Mark has a new job. He posted this on Linkedin. |
Stock picker - you do realise much of the growth part of the org goes with the sale? |
It would be crazy if it didn’t go through as MXC would have no chance of getting their money back! Hopefully we should see a steady increase to the end of the month and then boom once it goes through and the clean slate takes place. Maybe even Mark would come back and start back on the 100million turnover target!! |
Proposed Disposal of CloudCoCo Connect Limited
A Clean slate if it all goes through. Lets see what happens now. |
Just bought some great opportunity I think look at the news much more to come |
 Further Upside For CloudCoCo Group plc (LON:CLCO) Shares Could Introduce Price Risks After 220% Bounce
CloudCoCo 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. |
I pretty much called it on the last line of my post of 30 April. |
Still well off my highs Dud, but got a decent lump sum back I never expected and had written off.Removing from watchlist for now. |
Is the share price drop in the room with us Dan? |
last chance to sell. you can not imagine how the share price level will be soon when everyone realise is not going higher and wants to get out with profit before close. watch share price level after 2pm. |
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