Toople Share Discussion Threads

[2mex] 22/5/2019 11:17

Just had an unexpected visit from Openreach. He came to check the phone line but it was working anyway.

While he was here he also checked the broadband speed. I told him I had checked it and got download of 36.7 Mbps. He checked it and got the maximum 40 Mbps. Apparently it takes time for the system to optimise itself, hence I am now at the maximum 40 Mbps. He said it is because I am 450m away from the cabinet and the copper transmission is still good over that distance.

I asked him about fibre to the door rollout. He said it was happening quickly. It was already being installed in a more built up area about 5 miles away from me. Apparently in most cases they are using the telephone poles and have already prepared fibre to the pole ready to distribute to buildings: "They have already prepared the drops". The area including my house will be covered within 2 years.

He said in some cases they where having to run fibre underground but mostly they could use the existing telephone poles saving a lot of cost.

So, more disruption for Toople to take advantage of.

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[2mex] 22/5/2019 09:19

chestnuts, that's a great deal. I would have added it but I am tied to an O2 contract.
I will certainly telling people about Toople's SIM deal as well as their broadband.

[chestnuts] 22/5/2019 08:59

2mex

Glad your pleased with your broadband , toople will do brill if it keeps the customers happy, no wonder its customers keep going back and taking out extras like mobile connection, they offered me unlimited calls and texts and 5 gigbite for £9.5 a month, i pay EE £10 a month for unlimited calls and text but only 1 gigabite of data.

[chestnuts] 22/5/2019 08:54

A 15m trade just gone through so you can see what took the share price down yesterday but that means the order as been filled hopefully the share price will rise from here

[bobdown2] 22/5/2019 08:54

2mex....very positive. Powered by Bob...

[12bn] 22/5/2019 08:51

This will come good,patience will have its reward here sooner or later.

[2mex] 22/5/2019 08:51

I am now connected on Toople Fibre40. What a difference to the speed! and its saving me 25% on my previous post office deal!

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[lukehold] 22/5/2019 07:53

Interesting and the open seems to suggest support was tested and was there

[chestnuts] 21/5/2019 22:17

This chart shows at the moment that the share price as come back and checked support of the trend line it broke out of.



free stock charts from uk.advfn.com

[city chappy] 21/5/2019 20:42

Toople sees revenue surge as it shakes off legacy wholesale takings

Business telecoms provider Toople reported a 57% improvement in its first half group revenue on Wednesday, to £1.08m, with revenue growth of 169% said to be attributable to its directly-contracted SME business.

The London-listed firm said its broadband revenue was up 159% in the six months ended 31 March, while cloud telephony revenue grew 82% year-on-year, and its mobile revenue was ahead 124%.

It did highlight a 7% decline in its wholesale revenue, which the board said was “largely expected” as it took action to eliminate legacy, low margin revenue.

Gross profit increased 150% year-on-year, or 72% over the second half of 2018, while gross margins improved by seven percentage points over the same period of last year.

Toople reported an 80% increase in marketing spend, or a 102% increase over the second half of last year, which the board said reflected increased level of spending to grow the business, which drove “significant” increase in lead conversion and sales, which would ultimately lead to a lower cost of acquisition per customer.

It had appointed a new head of digital and commercial marketing during the period, which would be focussed on driving growth, innovation and sales.

The company also highlighted a major contract win of £3.5m, which it had previously announced, which was in line with its expectations, with the first batches of customers now transferred over to the Toople billing platform.

New contract wins and partnership agreements were said to be continuing, which Toople said validated its decision to increase marketing spend.

Its “strong” current trading included a record month in April, and a healthy new business pipeline, with more than 900 orders in the month from over 600 small businesses placing orders with Toople for the first time.

Cash at period end stood at £1.15m, which was in-line with expectations and was sufficient to allow business to continue with the growth plan outlined at the time of the placing, completed in September.

“We continue to add more customers, typically on two year fixed term contracts,” said Toople’s non-executive chairman Richard Horsman.

“Our growing customer base will result in a lower cost of acquisition per customer and will boost our future outlook.

“We are now seen as a major disruptor in the SME telecommunications space, and we are being benchmarked against by a major tier one UK carrier.”

Horsman said its competitors found Toople’s transparency and fixed price contracts “unsettling”, as it clearly appealed to small businesses.

“The major incumbents have traditionally used 'increase in price' strategies linked to RPI.

“We offer a product that provides customers with exactly what they need, at a fixed price and are increasingly becoming a natural choice for customers looking for an easy to use, no hidden costs, telecoms service.”

Andy Hollingworth, chief executive officer, added that it had been an “excellent” six months for the company.

“We continue to execute on our growth strategy and are performing well against all our key operational and financial benchmarks,” said Hollingworth.

“Our cash position as at 31 March 2019 stood at £1.15m and the board believes that the current cash position is sufficient to allow the business to continue to pursue the marketing strategy outlined at the time of our placing.

“The investments we have made in people and digital marketing are paying off.”

In its direct business, Toople continued to generate an increased level of enquiries from potential customers, and its conversion rate remained strong, Andy Hollingworth explained.

“Additionally, our decision to move away from onerous historic partnership contracts with high debtor risk and low margin, will sacrifice revenue in the short term, but will deliver overall improvement in gross margins and ultimately profitability.

“Current trading is strong with another record month in April and a healthy new business pipeline, with over 900 orders in the month from over 600 small businesses placing orders with Toople for the first time.

“We believe we can still grow our customer acquisition rate with the same level of marketing spend and will be able to drive further efficiencies with our marketing and sales performance. We look forwards with confidence.”

[bobdown2] 21/5/2019 14:52

The header is one of the best available. There is loads of imformation...header and Rns statements...it is always my preferred start.

[ragnarr] 21/5/2019 14:46

bobdown - most useful - thank you :-0

[bobdown2] 21/5/2019 13:16

A cup and handle is forming.....no where to put the hot water at the moment though. At 2p there will be room for the sugar lumps...

[ragnarr] 21/5/2019 13:11

City Chappy - Not quite the technical answer I was hoping for :-)

[city chappy] 21/5/2019 13:02

I reckon Toop will soon be in talks with Daisy Group about being taken over.

[city chappy] 21/5/2019 13:01

The chart suggests a return to 9p.

[ragnarr] 21/5/2019 12:47

Any Chartists ouit there want to give an opinion?

[tewkesbury] 21/5/2019 12:15

The Interim Results refer to the 600+ new customers for April actually placing 900+ orders, so they obviously bought add ons. Use that as a rule of thumb going forward and it implies new order numbers will run at least 50% higher than new customer sign ups.That's important for revenue considerations. Actual orders will be higher than actual customer numbers.

[bobdown2] 21/5/2019 11:49

One would expect cloud based extras to be added once the customer base has gained sufficient size...

[bobdown2] 21/5/2019 11:48

The ceo referred back to the funding statement for the way the finances are going to be used. This has caught some people out as well as hiding some important financial items at the back of the results. Care must be taken to read what is in the results and not what people have missed. The company really is performing well.

[tewkesbury] 21/5/2019 11:39

As hottingup pointed out, Daisy turned down a takeover offer last year of £1.6 billion and they only had 360,000 customers. That just shows the value being built at Toople if they can keep recruiting customers. 600+ pcm new customers for April and could be 1000+ pcm by December.

[bobdown2] 21/5/2019 11:00

They might be filling an order.....

[mam fach] 21/5/2019 10:58

Profit taking to be expected after yesterdays rise.
Those who couldn't get out last week getting out today.

[sep800] 21/5/2019 10:23

still profit taking from those whom bought at 0.26p,
be a little while before news again. The £3.5m contract would of helped the share price if there were more specific in the rns.