Loopup Share Discussion Threads

[smcl] 17/2/2021 19:15

pity you didn't disappear up your own agenda!

[kirk 6] 17/2/2021 19:13

It would be good if Loop up Came up with some innovative ideas such as a cannabis injection every time you enter a virtual meeting room? Or a meeting room full of bitcoin wallpaper?Why can't this board of directors be a bit more innovative.

[imnotspartacus] 17/2/2021 12:34

Looks primed for a breakout...we'll see.

[orange1] 16/2/2021 13:27

78.95 to buy and 78.98 to sell. That's interesting.

[eye2] 15/2/2021 18:38

I'd say its you sump

[yump] 15/2/2021 17:52

As if there's one seller holding the stock back...

[arcadian] 15/2/2021 17:40

Correction 5.30pm

My shorttracker still shows 2.1% short by two funds but maybe they are gradually reducing their exposure and have yet to notify..

[eye2] 15/2/2021 16:53

Does look good best for 6 weeks

[kirk 6] 15/2/2021 16:16

Reckon that is our seller gone

[eye2] 15/2/2021 15:23

sell over the bid to looking good take 77p for all my stock

[kirk 6] 15/2/2021 14:22

Can't buy any stock now - looks good

[arcadian] 15/2/2021 14:19

I believe that the shorts have closed

[kirk 6] 15/2/2021 13:07

Something seems to be happening with this volume. We could be at the bottom of the pit just about to start the long haul recovery?

[kirk 6] 15/2/2021 12:41

How many more buys than sells now?

[hatfullofsky] 15/2/2021 12:25

Erm ... that's why it's called Net debt

[thordon] 14/2/2021 20:08

Hi have doubled checked and yes on the right course
Only factor is interest occurred , but that's a minor.

[bluebird12] 14/2/2021 18:45

I have been trying to establish where the figures came from. I think it is this.

On the balance sheet as at 31 Dec 2019,

Borrowings (current liabilities) were £1,700,000 (a)
Borrowings (Long term) were £12,750,000 (b)

Thus Total Borrowings £14,450,000 (c) = a+b
Less Cash Balances £3,000,000 (d)

Net Debt £11,450,000 (e) = c-d

So, balance sheet as at 31 Dec 2020 (yet to see)

Net Debt £700,000 (e)
Cash Balances £12,100,000 (d)
then All Borrowings = £12,800,000 (c)

If my figures are correct, then they still have borrowings. When you see the headline figure of net debt £700,000 it might make you think they have little debt.

If they were to pay a further £10m out of cash to reduce the borrowings, cash would drop, by £10m, borrowings would drop by £10m, but the net debt would remain the same at £700,000.

Hope I am on the right lines but not sure of the validity of this net debt figure.

[yump] 14/2/2021 12:07

I don't get this. Can't be the mm's at work.

[the millipede] 14/2/2021 12:06

Thank you. I will take a look.

Also, gross cash £12.1m with net debt £0.7m.....

Does this imply actual debt of £12.8m, down from £14.5m in 2019?

There is a lot of chatter on forums about paying down their debt. Is that based on a misunderstanding of the phrase "net debt"?

[currencytrader1] 14/2/2021 11:54

Some good posts on this one on LSE forum

[the millipede] 14/2/2021 11:37

The two halves of last year are interesting. In revenue and EBITDA terms H1 was definitely stellar, with H2 looking if anything slightly worse than 2019.

But cash generation seems more equally split, roughly £4m each half.

Anyone have any idea why?

[kirk 6] 12/2/2021 14:26

Yes mate amigo boom or bust. (-;Loop huge potential.

[currencytrader1] 12/2/2021 12:11

In line with the trading statement of 27 November 2020, the Group can now confirm that it expects revenue for year ended 31 December 2020 to be approximately £50.2 million (FY2019: £42.5 million) and EBITDA to be approximately £15.3 million (FY2019: £6.4 million).



The Group ended the year with gross cash of £12.1 million (FY2019: £3.0 million) and net debt of £0.7 million (FY2019: £11.5 million)