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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cloudcoco Group Plc | LSE:CLCO | London | Ordinary Share | GB00B8GRBX01 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computers & Software-whsl | 24.19M | -2.29M | -0.0032 | -2.34 | 5.3M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/12/2019 08:40 | very poor start, falling! | twodegrees | |
03/12/2019 07:22 | Following the sale of Tax Systems, we now have two public company investments remaining in our portfolio; AD4 and IDE, both of which have experienced turbulent times over the past few years. However, following our involvement within these businesses we continue to believe they will be returned to a level of trading profitability that will allow MXC to exit and recover the lost value. Significant progress has been made within both businesses in that regard. In August this year, AD4 announced the proposed acquisition of Cloudcoco Limited ("CloudCoCo") alongside the proposed sale of the loan notes held by Business Growth Fund plc ("BGF") to MXC. CloudCoCo is a business that was founded by certain former sales directors of Redcentric plc with whom MXC worked closely whilst a shareholder in Redcentric plc. At the time of creating CloudCoCo, its founders approached MXC to become a shareholder because they believed that we could add value to their business and help them navigate through the minefield of growing a company from inception. This is what the founders of MXC had done themselves several times before, with successful exits. Just prior to completion of the acquisition of CloudCoCo by AD4 (the "Acquisition"), we sold our initial investment in CloudCoCo to the incoming CEO of AD4 in order that he had a more meaningful stake in the enlarged group going forward. We remain a significant shareholder in the enlarged business, with a shareholding that currently stands at 15.2%. As a further show of our support for the enlarged business, we waived our warrants in AD4. As mentioned above, we have also enabled AD4 to restructure their debt, with MXC purchasing £3.5 million of the £5.0 million loan notes in AD4 which were held by BGF, and BGF cancelling the remaining £1.5 million loan notes they held. This means that the enlarged group has a lower level of debt going forward, with a longer period before repayment, as the terms of the loan notes were revised so that the term was extended to 2024. The team at CloudCoCo has a proven pedigree in sales and business development and could see that, despite the challenges of getting the AD4 business back on track, there was latent value in the company. I have no doubt that over time they will succeed and we are confident that this business is now in good hands. | freddie01 | |
03/12/2019 07:20 | The new beginning. Two new large clients have been signed up with CloudCoCo. We now await for them to be announced formally. | tidy 2 | |
02/12/2019 12:23 | Looking very strong now. | beeks of arabia | |
02/12/2019 12:11 | Ignore the jealous idiot who keeps downvoting.Meanwhile the price is rising on each purchase. | beeks of arabia | |
02/12/2019 12:05 | Oh it will. 2.5p will be the barrier to get through. | beeks of arabia | |
02/12/2019 12:04 | Let's see if it gets to 2p first | matunde24 | |
02/12/2019 11:45 | Up we go. Anything below 2p will net some good gains over next few weeks | beeks of arabia | |
02/12/2019 11:41 | For balanced reasoned posts on CLCO please use this thread. Surely Chimers the moron will set up a moderated one and ban posts that dont support his position. If you are one of those sheeple then please stroll on by. | beeks of arabia | |
11/11/2019 22:54 | So beeks.. You got any update on ad4? No time line at all given... | matunde24 | |
11/11/2019 21:04 | REAL CLOUDCOCO THREAD OUT SOON!!!!!! A PROPER CLOUDCOCO THREAD WILL BE CREATED BY ME LATER. HAHAHAHA FIRST POST AND i CAN KEEP IT HERE FOREVER..... MUWAHAHAHAHAHAHAHAHA | chimers | |
31/10/2019 07:34 | Latest update from Allenby Capital - HTTPs://www.allenbyc Latest from the company update - 28th March 2024 - "We are pleased with trading in the first six months of the new financial year and sales and profitability at this stage are expected to be in line with market expectations." Answers to common questions on CLCO Where did CLCO's debts come from? These are legacy debts from previous entities plus acquisitions. Where will CLCO's growth come from? Through targetted sales, cross selling across their current customer base, whilst reducing costs through centralising and embedding the acquisitions. This is already paying dividends with the company moving closer to break even. Where does CLCO's debt come from? Through the purchase of IDE Connect (250k), Systems assurance limited (1.58m), More computers (500k) plus some legacy debt. They also carried loss from the IDE connect purchase for loss making contracts at nearly 1m. Can CLCO pay their debt? Yes of course they can! Debt increased marginally in the last results, offset by consolidation and cross selling, plus the savings brought from the removal of lagacy contracts mentioned above. Is the future rosy for Cloudcoco? Massively. Whilst the thread has taken on some dross of ADVFN, the company has purchased wisely to build a scalable platform. I am in no doubt the company will meet its growth objectives in the coming years. | beeks of arabia |
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