Loopup Share Discussion Threads

[thordon] 16/7/2020 20:39

Good set of Results

Do remember and not known

loopup provide the following services as well to other company's

Microsoft Team's
Skype business
Cisco

[bamboo2] 16/7/2020 16:57

Bought a few today too. Didn't look at the indicator though.

Good to see the breakaway gap on rns, 166-171.5, which can sometimes become a good support zone, and remain unfilled for long periods.

The min target price I have on the confirmed bowl is 237.5, with an alternate pattern suggesting 271.5

[big7ime] 16/7/2020 16:14

Paul Scott is positive:

I've been critical of management in the past, because they've made lots of mistakes. But when the facts change, then I change my mind. This update today is really excellent. The big question mark is obviously whether this is a flash in the pan from covid-related home working? Most people seem to think that things have (at least partially) changed permanently, with more people likely to want to work from home at least some of the time in future. As my sector expert pointed out in a phone call earlier, if just one key person is working from home, then the only option is a remote meeting.

LOOP is a niche specialist, so it's offering more secure conference calls (with a video option) than say Zoom, which is coded in China apparently, and has widely-known security issues. LOOP seems particularly popular with firms of lawyers and accountants, which are sticky customers. Hence I see LOOP as more a niche product, than mass market.

We can see how the product works on 29 July, with a results webinar.

Overall, I think this looks very interesting, and I've turned positive on this share again, due to the impressive figures published today.

[74tom] 16/7/2020 11:30

Yes as I stated this morning, from a technical perspective there is a clear target at £3, and with the trading update confirming the business fundamentals are vastly improved, this appears a stone wall buy at current levels. The added bonus is that it would be a beneficiary of further covid / lockdown related issues, so is a portfolio hedge.

Edit - Should move up once the 25k feeding frenzy comes to an end...

[big7ime] 16/7/2020 10:50

Nice bowl forming on chart, gap fill tp 290p

[mjmp1] 16/7/2020 10:46

They got my 'BUY' as a 'SELL' too

[bigbigdave] 16/7/2020 10:42

Simon Thompson will tip LOOP in the next few days.

[big7ime] 16/7/2020 10:39

These trades at 180p are buys, one mine.

[maddox] 16/7/2020 09:53

netcurtains - yes I'm booked-in.

[netcurtains] 16/7/2020 09:39

So the investor "evening" in a few days time. Obviously they will talk about numbers going forward and probably we might see one or two institutional buys. Anyone here signing up for the meeting?

[maddox] 16/7/2020 09:05

Excellent results, one point I'll highlight is that that LOOP's higher margin offerings - basically professionally hosted on-line conferences have contributed disproportionately. Great as ZOOM and others' self-service broadband offerings are they leave niches for differentiated players with superior service and technology to also prosper.

Hosted service 'Event by LoopUp' was acquired with MeetingZone Group that they took over in June 2018.

The cash generation is exceedingly positive - cash holding has increased by c. £4m at the same time as debt has fallen by c. £5m and there is a further £1.3m in cash yet to come in. So basically a healthy net cash position overall. However, when you see cash and debt on a firm's B/S it often raises a question - has the cash holding been manipulated? It's a point in time figure that can be improved by holding off making payments and chasing debtors. In LOOP's situation of rapid growth and Covid threat it is sensible to keep plenty of cash on hand - so not really concerned in the circumstances, particularly as the debt has been reduced substantially.

[tallprawn] 16/7/2020 08:51

Nice looking bowl on the chart back to 300p for those with the patience to hold these for a few months.Remote working practice is here to stay for most industries- Only a matter of time before get there imo.GL All.

[srichardson8] 16/7/2020 08:46

IF (very big if) they made EBITDA of £8mn in H2 the prospective EV/EBITDA would be £96mn divided by £20mn or around x5, about what you would expect for a clapped out industrial with n growth but a reasonable balance sheet.

[molatovkid] 16/7/2020 08:44

Been watching this for awhile...todays RNS has clarified my thoughts. With more people now working from home LOOP must be in the right place at the right time.

Just bought a few.

[74tom] 16/7/2020 08:34

A return to the £3 level feels inevitable, both technically & fundamentally a sound buy IMO

[parvez] 16/7/2020 07:59

ramridge, rimau1 agree with you both

[rimau1] 16/7/2020 07:57

Excellent results as expected. The highlight for me is that these results only include 3.5 months of covid impact so although H2 is usually seasonally lower(summer holidays and xmas), this year you can pretty much expect an H1 H2 even weighting split due to the covid boost in July and August. We are pretty much bang on the revenue and profits profile back in 2019 when we were valued at £200m

[ramridge] 16/7/2020 07:54

Parvez - EBITDA in this HY is near double of full year 2019 (6.4m) !

[ramridge] 16/7/2020 07:51

What I like about this share and current results is that the earnings are likely to be sustainable with the impact of COVID - a shift to remote working, etc.
IMO These results are not a flash in the pan.

[parvez] 16/7/2020 07:46

EBITDA of £12M for 6 months and current Market Cap of £91M....seriously undervalued IMHO. DYOR.

[thirty fifty twenty] 16/7/2020 07:45

hi ramridge.

i agree. excellent results. i think your estimates are low even.
peoplel have been critical before because EBITDA has now become CASH flow but debt has reduced by 7m in the 6 mths. H1 weighted but that is maybe 10m CASH flow for the 12 mths. even on a CASH yield of 10% gives 100m MV which is nearer 200p.

the chart looks excellent here too.

i'm assuming the low price is b/c jupiter overhang.
when that clears i'm hoping the price can motor to over 200p in the short term,
and i think 250p medium term.

All IMHO, DYOR + BoL
LOOP is in my top5 hldgs

[ramridge] 16/7/2020 07:39

Excellent results.
Broker forecasts for FY2020 were eps = 9.2 and p/e = 17.6

With these results, eps is likely to be above 11 and p/e below 16. For a growth company, pe is too low. So major re-rating is likely.

[netcurtains] 16/7/2020 07:33

Sales/revenue growth is stellar2016 2017 2018 2019 202034% 28% 96% 24% 45% (so far)On top of this there has been a big increase in margin

[r9505571] 16/7/2020 07:32

Could we ever see the lofty heights of five squid a share??