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Loopup Group Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Loopup Group Plc LSE:LOOP London Ordinary Share GB00BYQP6S60 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.65 47,896 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.60 2.70 2.65 2.65 2.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computers & Software-whsl 19.53 -24.97 -25.70 - 4.81
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 2,300 2.60 GBX

Loopup (LOOP) Latest News

Loopup (LOOP) Discussions and Chat

Loopup (LOOP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Loopup (LOOP) Top Chat Posts

Top Posts
Posted at 14/12/2022 15:13 by 1224saj
Most telcos in the channel where loop sit, are declaring increased turnover and profits. Daisy have just declared upwards of 14% increase in profits
Posted at 14/12/2022 12:01 by 1224saj
As I'm in the industry, I bought into the Loop story and ended up with a bunch of city wide boys that thought they knew how to play the game. With some anger this is going to go! I can't wait to meet the BOD at an industry junket, because they won't be able to keep their mouths shut, blaming everybody and anything apart from their complete incompetence.
Posted at 07/9/2022 07:12 by someuwin
7 September 2022


("LoopUp" or the "Group")

PGi Connect contract update

LoopUp Group plc (AIM: LOOP), the cloud platform for premium hybrid communications, is pleased to announce an update on its agreement with PGi Connect.

On 1 September 2022, the Group announced that it had entered into a revenue sharing and customer transfer agreement with PGi Connect, which gives LoopUp the rights to transfer materially all of PGi Connect's conferencing services customers (but not its webcasting customers) over to LoopUp. While no initial or fixed consideration is payable, the Group will pay PGi Connect a share of revenue invoiced and received from successfully transferred customers for a period of three years.

On Friday 2 September, PGi Connect sent out the first and largest batch of contract assignment notices to c.8,100 of its enterprise customers concerning the transition of services to LoopUp from 1 October 2022. These customers currently generate an annualised revenue run-rate of c.GBP34 million to PGi Connect.

While this is clearly a highly material level of assigned business, and while more is expected to be assigned from PGi Connect to LoopUp in due course, the Group nevertheless reiterates that after making prudent transition loss assumptions for non-term-committed customers as well as general ongoing business attrition, it expects the PGi agreement to generate revenue of approximately GBP10 million and net cash contribution to the Group of approximately GBP5 million over the twelve-month period from October 2022 to September 2023

Posted at 01/9/2022 08:27 by pictureframe
in the twelve months from October 2022 to September 2023,
to generate revenue of approximately GBP10 million, at
a gross margin of approximately 60% after both LoopUp's
cost of goods sold and payment of PGi Connect's revenue
share(1) , and provide net cash contribution to the Group
of approximately GBP5 million over the period after other
associated cash costs.

Posted at 05/5/2022 23:10 by sev22
Posted at 05/5/2022 15:22 by stocktrend2
We will need to wait until after the festival for final numbers but we can have a go at calculating the profit based on what we’ve already been told.

We know that day 1 is now sold out and that day two has sold 21k tickets and they hope to get this to about 26k tickets. We know the mechanism for allocating ticket profits to KPE. We also know KPE has a minimum profit guarantee on merchandise.

Based on this I calculate the profit as follows (this is profit not revenue).

*Day 1 profit to KPE: €0.9m
*Day 2 profit to KPE: €0.7m
*Merchandise minimum guaranteed profit to KPE: €0.4m
*Annual consultancy fee to KPE: €0.2m

In total €2.2m profit to KPE which is already known. LVCG’s share is therefore €1.1m

Additional profit:

*Sponsorship: We’ve been told that the sponsorship will bring in about $1m for a sold out show.
*Streaming: This is the big unknown, but the deal is structured so that LVCG can’t make a loss. Profit could be significant and all to LVCG (after the streaming company’s cut).
*Merchandise sales above minimum guarantee: This could also be significant - the 14 Feb RNS states the following:

‘Average ticket prices are in the region of Euro 70 per ticket and research indicates that average spend per person on merchandise could be the same amount again. This means that the potential total revenue for all partners assuming day two sells out could be in the region of Euro 6mio for ticket sales alone and close to twice that if merchandise is added.’

I’m hoping that LVCG will make at least €2m from the Frankfurt festival, with streaming providing the potential for more (big unknown).

I think the Bricklive business plus LCSE business will cover the company’s overheads in 2022. So the Kpop profit flows to profit for the company.

I think this one annual festival therefore justifies the current £18m market cap of the group.

There is at least one more festival planned for 2022 and 4-8 festivals are planned for 2023. As set out on the webinar yesterday, the potential for streaming revenue will be greater in future shows as packages by individual band will be available (with interview, backstage footage etc).

Merchandise sales should also be higher with the potential to sell band merchandise as well as kpop.flex merchandise.

It should also be easier to sell out the events with the whole weekend announced upfront.

If the additional festivals are announced there could be a fairly quick pathway to profits of 10m+ and therefore a market map of £100m+ (50p+ share price)
Check out lvcg

Posted at 28/4/2022 08:56 by bobdown2
Its product has just recieved a very serious validation from a major telecoms company. This will bring more attention to the product. The market cap and revenues are out of kilter with the share price.
Posted at 08/3/2022 12:08 by senseibull
Its just a theory of mine with the buy out. I work for a telecoms firm that use loopup as a back up emergency option and the software and support is always decent so I think it's a good product and the share price is not reflective of that. They have intellectual property and customer contracts that are worth something so must be a buy out target medium term and have the potential to fully recover longer term too
Posted at 28/10/2021 11:01 by team cheltenham
I worked in this space for 20 years, I know most of the players, I know a lot about Loop Up and even more about their recentish acquisition Meeting Zone. In short, Loop Up revenue was heavily influenced by people dialing into a conference call, when dialing in was switching to digital meetings on any device. They tried but most of the clients Loop Up would have had already had digital collaboration options - they had MS Teams or Cisco WebEx ready to go, these solution often as not weren't used because Microsoft or Cisco never really managed their accounts so whilst a lot of users had the solution on their desktop or mobile device they never used them; they stuck with what they knew and knew how to use. Mind, if they didn't have them IT managers were rushing to them (MS and Cisco). Loop Up also had digital offerings but it's a difficult move from one solution (dialing in) that had a 70% - 80% margin to one (digital) that was nearer 20% - so going digital was never really encouraged. but most IT managers would choose one of the biggies before Loop Up, that's not to say they didn't have the odd success. However numbers started to head South, so what to do? Go to market for a fund raise and buy another legacy telco company for the sort of multiples of EBITDA you'd expect for a successful software outfit. MeetingZone were even more reliant on telephone call revenue. They did partner with both MS and Cisco as a reseller but they were on small margins. The acquisition looked good on paper but scratch away and it was rotten. I don't see where Loop Up can go from here - the market has been swallowed up by the big players and there's some niche stuff doing well but Loop Up aren't in that game. I know people that work there, good people, good at their jobs too but this is all about maintenance now. Just like all the other players in the conferencing space, the good years were 2000 - 2017, it was a free for all, massive margins, all telephone centric. But the digital transformation hit the industry fast and most were left chasing their legacy clients who were switching to Teams and WebEx. As a sales mgr most of my meetings in 2017 were trying to persuade clients to stay with us and start using our digital offering; some did, a lot left. Loop Up were no different, nor Meeting Zone. I know some of the senior guys at MZ couldn't believe what they were bought for. I was at another company who did some deep dd on MZ as they wanted to buy them (they'd been up for sale for years), at the time we walked away from it because the price was way too high and it was a price much much lower than what Loop Up paid. But they were desperate - like the stock price.
Posted at 13/3/2021 11:19 by ianb5004
Pipeline of live cloud telephony opportunities has potential contract value of £84m.

LoopUp (LOOP:84p), a London-based premium remote conference meetings company, downgraded revenue expectations on Friday while I was on leave. The market reaction was savage with the shares halving in value and slicing through my 138p entry point (‘Tap into the remote working boom with LoopUp’, 2 July 2020). Having seen the share price rally 80 per cent to 250p by late summer, passing through my initial 225p target price in the process, the holding is now 40 per cent underwater. Although any downgrade is disappointing, in this case I feel investors have massively overreacted.

Firstly, business remains strong in LoopUp’s key professional service verticals where data privacy and security is paramount (law, accountancy, investment banking, corporate finance, private equity, asset management, insurance, PR and marketing). Minute volumes are 43 per cent higher on average (during September and October) than pre-pandemic levels. This growth driver is still in place.

Secondly, the issue is in non-professional (and non-core) segments which account for 14 per cent of platform revenue. Minute volumes have fallen 10 per cent (compared to pre-pandemic levels), and churn has spiked to 30 per cent, a reflection that non-professional segments face greater competition from rivals Zoom and Microsoft Teams, and clients suffer greater financial distress and have higher levels of employee furloughing. Although this pressure is unlikely to ease anytime soon, these are non-core segments and account for a diminishing amount of LoopUp’s overall revenue.

Thirdly, there has been a shift in the call mix towards lower-rated domestic and dial-out minutes away from higher rated international and dial-in minutes, a reflection of the depressed number of international deals being done. This in turn has impacted the average revenue per minute. However, as cross-border activity bounces back from depressed levels during the global economic recovery, then international usage should bounce back, too.

Fourthly, although analysts at Panmure Gordon have downgraded their 2020 revenue estimates from £55.6m to £50m, cash profit will still be more than double from £6.4m in 2019 to £15m to deliver annual pre-tax profit of £8.3m and earnings per share (EPS) of around 14.5p. Moreover, analysts’ new 2021 revenue estimate of £35.5m is based on LoopUp’s current revenue run-rate of £34m and factors in no contribution from the recently launched cloud telephony [integrated with Microsoft Teams] business. This product offering enables clients to make and receive external calls via a third-party network direct routing to companies using Microsoft Teams, alongside its own premium remote meetings capability.

Bearing this in mind, the directors note that the pipeline of live opportunities here has a potential contract value of £84m, up from £68m just in late September. They also revealed that the company has been selected by a private banking group to provide their global cloud telephony, subject to a successful three-month proof of concept trial which starts in December. In other words, the pipeline is being converted.

Fifthly, the company has paid down substantial amounts of debt this year. In fact, analysts at Progressive Equity Research expect net borrowings of £1.9m at the end of December 2020, a sum that is £9.6m lower than 12 months earlier. This means that although their 2021 cash profit estimate of £6.1m is less than half previous estimates of £13.3m (due to the lower revenue run-rate), LoopUp’s enterprise value of £48m now equates to only 8 times downgraded cash profit forecasts, a massive 41 per cent discount to the UK Small-Cap Technology sector average multiple of 13.5 times 2021 enterprise value to cash profit.

The point is that as LoopUp converts its pipeline of potential contracts in the cloud telephony [integrated with Microsoft Teams] business, and cross-border activity bounces back to more normal levels (thus driving up higher margin international call volumes), there is scope for the current revenue run-rate of £34m to ratchet up and drive profits higher. Recovery buy.

Simon Thompson investors Chronicle

Loopup share price data is direct from the London Stock Exchange
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