Toople Share Discussion Threads

[lukehold] 28/5/2019 19:56

Happy with my 2m shares here. It was a surprising announcement this morning, but a nice surprise it turns out. Things have changed since AH announced no fundraising was needed, he saw an opportunity and took it. Definitely agree this is House Keeping to clear the way for future M/A activities

[lukmanpatel] 28/5/2019 19:48

Kmscott, AH did say they won't have to raise but if someone came upto you an said, pay me 150 k instead of 600k debt you owe them, u ain't going to dig into you bank and have nothing to live off, the deal is like 75% discounted offer, you really don't want to miss and it was in the best interest of shareholders, had they used up the cash they had, it would've deter investors knowing they would be in need of cash to drive growth. So the positive is we're debt free, healthier cash position, and the new floor in the share price is .35, better liquidity, and there's high demand for shares, so can't see any downside

[twistednik] 28/5/2019 19:45

Wow, Mr B accepts only £150k repayment... he must think there's no chance getting the full lot back ! What does that say about the equity further down the cap structure ...

[lukmanpatel] 28/5/2019 19:38

Also, some say they should have done the placing when the share price was higher, would you rather pay 600 k debt for 150 k than to pay the full 600k debt at slightly higher price. If it was the latter, dilution would've been far greater. The company is valued at 2.5 and debt free, being benched marked by tier one company in the sector, month on month growth, business review highest in the sector, then you have BT who are struggling, whose shares have dropped to possible 12 month low, the cost of line upgrades is bumping up price for consumers with very poor reviews, clearly this looks like an attractive investment imho, derampers have nothing to dermal about ? So yes, good luck all, I know what I'll be doing!

[kmscott] 28/5/2019 19:36

Clearing the debt for 25p in the £1 looks to be a decent bit of business! With £1.5M cash in the bank and record orders in the last few months, things are starting to shape up nicely. Main niggle however is AH's comments in only March that they were not in the market looking / needing to raise funds at all, then we get this placing RNS just 2 months later... At least the placing price was at a reasonable price (0.35p) and they are now in a really strong position moving forward.

[chestnuts] 28/5/2019 19:26

2Mex

I wish they had told their brokers to tell the Institutes to go buy in the market we would have been over 3p by now, but we are where we are with roughly £1.5m in the bank and a market cap of £4m ish so valuing the company at around £2.5m and debt free.

I wonder if the TRolls were working for the institutes who bought in today.

[lukmanpatel] 28/5/2019 19:11

2mex that means cash position of 1.5 million. In addition, month of May is expected to be a good month for substantial growth as highlighted in the podcast. The key words is 'cash generation' and 'profitability' ...the business is now in profit?

[2mex] 28/5/2019 19:06

ff2345, yes Toople now have an extra £450K cash. Toople made full and final payment of the debt using only £150K.

two excellent pieces of news today:
Toople have paid off the £600K loan
Toople have saved £450K cash and added it to their balance sheet.

[lukmanpatel] 28/5/2019 19:04

Podcast sounds good to meee

[azuli] 28/5/2019 18:04

Live clickable link to the podcast:

[kmscott] 28/5/2019 16:14

VoxMarkets Podcast out - hxxps://www.voxmarkets.co.uk/articles/asiament-resources-immupharma-and-toople-a5261de/

[bobdown2] 28/5/2019 16:03

In the Rns the money to repay the loan had to be done before may31st...and placings mostly do take long times to clear. But maybe not so long if an update gives you record business signed month on month and you are headed for cash flow positive. The price will start to get attractive after a while once investors start to wonder how long the opportunity will last. But that will not be yet...

[ff2345] 28/5/2019 15:51

This move by the company wiped out a £600k debt for £150k.... a decent £450k to show as an exceptional profit in the accounts.

I guess they also felt that they may as well raise some additional working capital at the same time as they did not have a "spare" £150k to repay the loan. Benefit is that they saved on another cost of raising capital (assuming that would have been needed). Hinted that this would now help them through to profitability.

So what do I think?
Good points
- Nice to see off the loan
- Good to have the cash
- Will accelerate the growth in customer numbers through effective marketing spend.
Issues.......
- Some will think that they have gone back on their word
- Could they have waited a little longer for the next raise, and done it at a higher SP?

So we have now entered a period where not much is expected with no results for 5 months. Is this going to become a boring share... the share price of boring shares that are low cap tend to drift lower.

We need some action.

[mam fach] 28/5/2019 12:23

Placing .035p. To buy is .03606.
What's not to like.
Another top up opportunity?
Gut feeling price being held back.
BWDIK. Time will Tell. GLA

[whatsthepoint] 28/5/2019 11:33

When they say we were approached by our brokers this is a classic case where the market makers got their friends at the brokers to issue shares to cover probably some very nice naked shorts built within the last month or two another case of paving city traders pockets with gold

[mam fach] 28/5/2019 11:06

My buy reported as sell. Last placing was .03 .
Bottom has now been raised to .035.
All good.IMHO.

[cookie dough] 28/5/2019 10:56

In my view the raise is a good thing. It clears the loan which has always been a slight worry and the agreed terms look unbelievable. Then we have additional cash available to continue to invest in a marketing strategy that is tried and tested and performing very well. The money is being used so Toop can thrive not survive. Decisions have to be taken for the greater good of the company.

[bobdown2] 28/5/2019 09:52

Today I lost my bragging rights to one percent...nice whilst it lasted.!!!! However Toople become a safer investment today. Debt reduced and the time to cash generation and PROFITABILITY come closer. This ties in with record business still flowing through and record trust pilot scores appearing. Value from a takeover is about the value of the customer base and I see today's placing as a fast track move to take advantage of market conditions and building one more quickly.

[azuli] 28/5/2019 09:48

SKIN also did a placing at 1.4p last month, and it's now up over 50% from there, so as i say it's no bad thing if done for the right reasons.

[mam fach] 28/5/2019 09:38

It is not clear who actually bought shares.
Or have share been accepted in exchange for loan?

[rathean] 28/5/2019 09:32

Risks are mostly the same as TALK, growth rate, margins and churn all of which are looking very good. Specific risk of a fund raise before b/e lower now, I suspect we're ok now for this year and we're more likely to see a raise to fund an acquisition imo dyor ofc.

[bobdown2] 28/5/2019 09:30

If they get taken over then you would not have one percent anyway...just lots of money. ...today..bad news ..good news. Bad news. Dilution!! Good news. Debt reduced on the cheap and a reduced timeframe to cash generation and profitability.!!!