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Share Name Share Symbol Market Type Share ISIN Share Description
Toople Plc LSE:TOOP London Ordinary Share GB00BZ8TP087 ORD 0.0667P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.055 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.05 0.06 0.055 0.055 0.055
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 2.45 -1.67 -0.16 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.055 GBX

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DateSubject
26/5/2020
09:20
Toople Daily Update: Toople Plc is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker TOOP. The last closing price for Toople was 0.06p.
Toople Plc has a 4 week average price of 0.05p and a 12 week average price of 0.04p.
The 1 year high share price is 0.41p while the 1 year low share price is currently 0.04p.
There are currently 5,853,409,266 shares in issue and the average daily traded volume is 10,478,201 shares. The market capitalisation of Toople Plc is £3,219,375.10.
20/2/2020
07:02
12bn: It seems directors may be in this for the long haul.//////////Toople PLC 19 February 2020 Toople PLC ("Toople" or the "Company") Director/PDMR Dealing The Board of Toople, a provider of bespoke telecom services to UK SMEs, announces that it has received the following notification that Richard Horsman, Chairman of the Company, sold 41,666,680 ordinary shares of 0.0667p each ("Ordinary Shares") at a price of 0.95 pence and bought, into his wife's ISA, 21,000,000 Ordinary Shares at a price of 0.951 pence per Ordinary Share and, into his personal ISA, 20,666,680 Ordinary Shares at a price of 0.951 pence per Ordinary Share (the "Transfer"). Following the Transfer, Mr Horsman's beneficial interest in the Company remains the same at 70,166,680 Ordinary Shares representing approximately 1.99 per cent. of the Company's issued share capital. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. -ends- For further information please visit www.Toople.com or contact: Toople PLC Tel: 0800 0499 499 Andy Hollingworth, Chief Executive Officer Kevin Lawrence, Chief Financial Officer Cairn Financial Advisers LLP Tel: 020 7213 0880 Sandy Jamieson/Tony Rawlinson/Ludovico Lazzaretti Novum Securities Limited Tel: 020 7399 9400 David Coffman Turner Pope Investments Limited Tel: 020 3657 0050 Andy Thacker / Zoe Alexander Belvedere Communications Tel: 020 3687 2754 John West / Llew Angus Notes to editors: Toople PLC, a company incorporated in the UK provides a range of telecoms services primarily targeted at the UK SME market. Services offered by the Group include business broadband, fibre, EFM and Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and Traditional Services (calls and lines) all of which are delivered and managed through Merlin, the Group's proprietary software platform. The Group is differentiated by its focus on creating small business connectivity solutions, with robust and reliable packages that will enhance our customer's companies. In addition, our vision is based on trust and transparency, with no hidden fees within our pricing policy providing customers with a clear understanding of cost. Toople Plc has a strong and highly experienced Board and management team who are focused on growing the business both organically and by identifying earnings enhancing strategic acquisition opportunities. Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 1 Details of the person discharging managerial responsibilities/person closely associated ------------------------------------------------------------------------------------------- a. Name Richard Horsman -------------------------------------- --------------------------------------------------- 2 Reason for notification -------------------------------------- --------------------------------------------------- a. Position/Status Chairman -------------------------------------- --------------------------------------------------- b. Initial notification/ Initial Notification Amendment -------------------------------------- --------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------------------- a. Name Toople Plc -------------------------------------- --------------------------------------------------- b. LEI 213800P3DSCKSEHPU161 -------------------------------------- --------------------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------------------------------- a. Description of the financial Ordinary Shares of 0.0667p each instrument, type of instrument Identification ISIN: GB00BZ8TP087 Code -------------------------------------- --------------------------------------------------- b. Nature of the Transfer to ISA transaction -------------------------------------- --------------------------------------------------- c. Price(s) and volume(s) Price(s) per Volume(s) share -------------------------------------- -------------------------- 0.95p 41,666,680 -------------------------- ------------------- 0.951p 41,666,680 -------------------------- ------------------- d. Aggregated information - Aggregated Volume 41,666,680 ordinary shares of 0.0667 pence (sold) at 0.95 pence per ordinary share - Price 41,666,680 ordinary shares of 0.0667 pence (bought) at 0.951 pence per ordinary share -------------------------------------- --------------------------------------------------- e. Date of the transaction 19 February 2020 -------------------------------------- --------------------------------------------------- f. Place of the transaction London Stock Exchange - Standard Listing -------------------------------------- --------------------------------------------------- This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END
02/2/2020
19:05
city chappy: I have amended my earlier posts to this: The aquisition of DMSL is actually a brilliant move for TOOP and the way it is structured is brilliant. TOOP are managing to buy DMSL for just £460,000 cash upfront, 1,050bn TOOP 'consideration' shares (or 1.05m shares - the RNS contains a discrepancy on this) plus 400m deferred 0.1p TOOP share options to DSML's owners John and Juli Carter, which basically amounts to paying them in 3+ years time when the share options vest and the upfront shares have increased in value (refer also Point 3 below). TOOP's Andy H basically confirms this in the interview on 31/1/2020: 20 min 54 sec: hTTps://www.voxmarkets.co.uk/articles/open-orphan-wey-education-toople-and-savannah-petroleum-db13aa0/ The shares options are 25m + 375m, all only vesting after 3 years, and the 375m being "subject to certain financial targets for DMSL having been met in each financial year" with John Carter staying on as a Director of DMSL to help manage it. This implies three things: 1) John Carter has a huge vested interest and incentive to ensure DMSL performs to target, in order to ensure TOOP's share price rises to make his share options worthwhile. He must also feel this is achievable (otherwise he has just given away DMSL for £460,000 + 1.05 bn TOOP shares currently only worth £1m). 2) John Carter must have received a private assurance from TOOP's Andy Hollingworth that TOOP as a Company will be working hard to help ensure a significantly higher share price going forward, in order for he (and Juli Carter) to have agreed to taking the deferred share options route. So if, for example, TOOP's share price in 3 years is 10p, John's 25m + 375m share options would be worth £40m (and his 1.05 bn upfront shares would be worth £105m). 3) The 3 years share option vesting period takes us to 2023, which is the year around which Andy Hollingworth has said TOOP aim to have 5% of the UK SME market, meaning they would be worth £ several hundred million and TOOP would presumably sell the Group as the exit strategy. That is all a huge incentive for JC to meet his targets and should give TOOP shareholders renewed confidence in their investment and its growth potential.
02/2/2020
12:48
city chappy: The aquisition of DMSL is actually a brilliant move for TOOP and the way it is structured is brilliant. TOOP are managing to buy DMSL for just £460,000 cash upfront, 1,050bn TOOP 'consideration' shares (or 1.05m shares - the RNS contains a discrepancy on this) plus 400m deferred 0.1p TOOP share options to DSML's owners John and Juli Carter, which basically amounts to paying them in 3+ years time when the share options vest and the upfront shares have increased in value (refer also Point 3 below). TOOP's Andy H basically confirms this in the interview on 31/1/2020: 20 min 54 sec: hTTps://www.voxmarkets.co.uk/articles/open-orphan-wey-education-toople-and-savannah-petroleum-db13aa0/ The shares options are 25m + 375m, all only vesting after 3 years, and the 375m being "subject to certain financial targets for DMSL having been met in each financial year" with John Carter staying on as a Director of DMSL to help manage it. This implies three things: 1) John Carter has a huge vested interest and incentive to ensure DMSL performs to target, in order to ensure TOOP's share price rises to make his share options worthwhile. He must also feel this is achievable (otherwise he has just given away DMSL for £460,000 + 1.05 bn TOOP shares currently only worth £1m). 2) John Carter must have received a private assurance from TOOP's Andy Hollingworth that TOOP as a Company will be working hard to help ensure a significantly higher share price going forward, in order for he (and Juli Carter) to have agreed to taking the deferred share options route. So if, for example, TOOP's share price in 3 years is 10p, John's 25m + 375m share options would be worth £40m (and his 1.05 bn upfront shares would be worth £105m). 3) The 3 years share option vesting period takes us to 2023, which is the year around which Andy Hollingworth has said TOOP aim to have 5% of the UK SME market, meaning they would be worth £ several hundred million and TOOP would presumably sell the Group as the exit strategy. That is all a huge incentive for JC to meet his targets and should give TOOP shareholders renewed confidence in their investment and its growth potential. N.B. TOOP, 31/1/2020 Toople has conditionally agreed to acquire the entire issued share capital of DMS Holding from the current owners, John and Juli Carter, the consideration for which is GBP1.56 million to be satisfied by a cash payment of GBP460,000 (subject to an adjustment at Completion for any deficit in working capital at Completion), the issue of 1,050,000 Ordinary Shares in Toople (the "Consideration Shares") and the issue of the Options. The Acquisition is conditional upon, inter alia, approval of the Resolutions at the General Meeting....... .......On completion of the Acquisition, a new service agreement will be entered into between John Carter and DMS Holding pursuant to which John Carter shall continue to act as a statutory director of the DMSL business. On completion of the Acquisition the Company and each of John Carter and Juli Carter will enter into the Option Agreements pursuant to which the Company will grant options to John Carter and Juli Carter to subscribe for (i) 25,000,000 new Ordinary Shares each at 0.01 pence per share which shall vest three years after the date of the Option Agreement; and (ii) 375,000,000 new Ordinary Shares each at 0.01 pence per share which shall vest in three equal tranches three years after completion of the Acquisition.
02/2/2020
11:53
tewkesbury: City Chappy 2 Feb '20 - 11:18 - 6565 of 6567 The aquisition of DMSL is actually a brilliant move for TOOP and the way it is structured is brilliant. TOOP are managing to buy DMSL for just £460,000 cash upfront, 1,050bn TOOP 'consideration' shares (or 1.05m shares - the RNS contains a discrepancy on this) plus 400m deferred 0.1p TOOP share options to DSML's owners John and Juli Carter, which basically amounts to paying them in 3+ years time when the share options vest and the upfront shares have increased in value (refer also Point 3 below). TOOP's Andy H basically confirms this in the interview on 31/1/2020: 20 min 54 sec: hTTps://www.voxmarkets.co.uk/articles/open-orphan-wey-education-toople-and-savannah-petroleum-db13aa0/ The shares options are 25m + 375m, all only vesting after 3 years, and the 375m being "subject to certain financial targets for DMSL having been met in each financial year" with John Carter staying on as a Director of DMSL to help manage it. This implies three things: 1) John Carter has a huge vested interest and incentive to ensure DMSL performs to target, in order to ensure TOOP's share price rises to make his share options worthwhile. He must also feel this is achievable (otherwise he has just given away DMSL for £460,000 + 1.05 bn TOOP shares currently only worth £1m). 2) John Carter must have received a private assurance from TOOP's Andy Hollingworth that TOOP as a Company will be working hard to help ensure a significantly higher share price going forward, in order for he (and Juli Carter) to have agreed to taking the deferred share options route. So if, for example, TOOP's share price in 3 years is 10p, John's 25m + 375m share options would be worth £40m (and his 1.05 bn upfront shares would be worth £105m). 3) The 3 years share option vesting period takes us to 2023, which is the year around which Andy Hollingworth has said TOOP aim to have 5% of the UK SME market, meaning they would be worth £ several hundred million and TOOP would presumably sell the Group as the exit strategy. That is all a huge incentive for JC to meet his targets and should give TOOP shareholders renewed confidence in their investment and its growth potential. N.B. TOOP, 31/1/2020 Toople has conditionally agreed to acquire the entire issued share capital of DMS Holding from the current owners, John and Juli Carter, the consideration for which is GBP1.56 million to be satisfied by a cash payment of GBP460,000 (subject to an adjustment at Completion for any deficit in working capital at Completion), the issue of 1,050,000 Ordinary Shares in Toople (the "Consideration Shares") and the issue of the Options. The Acquisition is conditional upon, inter alia, approval of the Resolutions at the General Meeting....... .......On completion of the Acquisition, a new service agreement will be entered into between John Carter and DMS Holding pursuant to which John Carter shall continue to act as a statutory director of the DMSL business. On completion of the Acquisition the Company and each of John Carter and Juli Carter will enter into the Option Agreements pursuant to which the Company will grant options to John Carter and Juli Carter to subscribe for (i) 25,000,000 new Ordinary Shares each at 0.01 pence per share which shall vest three years after the date of the Option Agreement; and (ii) 375,000,000 new Ordinary Shares each at 0.01 pence per share which shall vest in three equal tranches three years after completion of the Acquisition
02/2/2020
11:18
city chappy: The aquisition of DMSL is actually a brilliant move for TOOP and the way it is structured is brilliant. TOOP are managing to buy DMSL for just £460,000 cash upfront, 1,050bn TOOP 'consideration' shares (or 1.05m shares - the RNS contains a discrepancy on this) plus 400m deferred 0.1p TOOP share options to DSML's owners John and Juli Carter, which basically amounts to paying them in 3+ years time when the share options vest and the upfront shares have increased in value (refer also Point 3 below). TOOP's Andy H basically confirms this in the interview on 31/1/2020: 20 min 54 sec: hTTps://www.voxmarkets.co.uk/articles/open-orphan-wey-education-toople-and-savannah-petroleum-db13aa0/ The shares options are 25m + 375m, all only vesting after 3 years, and the 375m being "subject to certain financial targets for DMSL having been met in each financial year" with John Carter staying on as a Director of DMSL to help manage it. This implies three things: 1) John Carter has a huge vested interest and incentive to ensure DMSL performs to target, in order to ensure TOOP's share price rises to make his share options worthwhile. He must also feel this is achievable (otherwise he has just given away DMSL for £460,000 + 1.05 bn TOOP shares currently only worth £1m). 2) John Carter must have received a private assurance from TOOP's Andy Hollingworth that TOOP as a Company will be working hard to help ensure a significantly higher share price going forward, in order for he (and Juli Carter) to have agreed to taking the deferred share options route. So if, for example, TOOP's share price in 3 years is 10p, John's 25m + 375m share options would be worth £40m (and his 1.05 bn upfront shares would be worth £105m). 3) The 3 years share option vesting period takes us to 2023, which is the year around which Andy Hollingworth has said TOOP aim to have 5% of the UK SME market, meaning they would be worth £ several hundred million and TOOP would presumably sell the Group as the exit strategy. That is all a huge incentive for JC to meet his targets and should give TOOP shareholders renewed confidence in their investment and its growth potential. N.B. TOOP, 31/1/2020 Toople has conditionally agreed to acquire the entire issued share capital of DMS Holding from the current owners, John and Juli Carter, the consideration for which is GBP1.56 million to be satisfied by a cash payment of GBP460,000 (subject to an adjustment at Completion for any deficit in working capital at Completion), the issue of 1,050,000 Ordinary Shares in Toople (the "Consideration Shares") and the issue of the Options. The Acquisition is conditional upon, inter alia, approval of the Resolutions at the General Meeting....... .......On completion of the Acquisition, a new service agreement will be entered into between John Carter and DMS Holding pursuant to which John Carter shall continue to act as a statutory director of the DMSL business. On completion of the Acquisition the Company and each of John Carter and Juli Carter will enter into the Option Agreements pursuant to which the Company will grant options to John Carter and Juli Carter to subscribe for (i) 25,000,000 new Ordinary Shares each at 0.01 pence per share which shall vest three years after the date of the Option Agreement; and (ii) 375,000,000 new Ordinary Shares each at 0.01 pence per share which shall vest in three equal tranches three years after completion of the Acquisition
31/1/2020
16:12
sharetalk: A couple of points about the proposed takeover: The current 1.143 bn TOOP shares in issue will comprise 32% of the enlarged 3.520 bn shares on admission on 18/2/2020 (i.e. taking into account the new 1.2 bn placing shares, 1.05 bn consideration shares and 126.4 m fee shares, Total new = 2.377 bn shares). DMS are said in the press release to have over 250,000 residential and business customers (with 400,000 RGU's). Putting aside their residential customers for a moment, and assuming say 40,000 business customers transition to TOOP (which is probably what attracted TOOP), that might make a new group total of 50,000+ business customers (including 10,000+ already with TOOP). In the thread heading (part C) we know 50,0000 business customers could have been worth between 13.08p to 19.4p per TOOP share based on the old current number of TOOP shares in issue (1.143 bn). This becomes 32% of that on admission of the new shares on 18/2/2020, i.e. 4.18p to 6.2p. Obviously retained DMS customers would gradually be tansitioned over to TOOP's Merlin platform and as DMS customers renew contracts (they are said to mainly auto-renew, with very low churn, according to the news announcement) they would probably do so direct with TOOP or DMS (if their website is retained) via Merlin under the new structure, meaning a lot more revenue to TOOP going forward and on good margins. The figures above exclude the value of DMS's residential customers, which TOOP may not want, or be able, to keep. Perhaps AH could sell them to someone like TalkTalk and if so for as much TOOP paid for the whole of DMS (but I am not sure about this)? The warrants mean another £600,000 coming TOOP's way spread over 3 years, which will be useful and they seem to have an almost endless supply of investor funds available, which gives confidence they will be able to achieve their objectives of continued growth, both organically and via M&A. So overall, the value potentially added to TOOP just from DMS's business customers is potentially worth a lot more than the dilution, and could mean TOOP shares are now worth between 4.18p to 6.2p, i.e. 41x to 62x the current level of 0.1p. Add in the residential customers and it becomes even more. EDIT: Looks like DMSL have a lot more business customers than the 40,000 I used for the calculation above: sharetalk 1 Feb '20 - 12:40 - 6538 of 6538 Edit 0 2 0 DMSL website: 3 min 10 sec: hTTps://www.dmsluk.co.uk/resellers/ "Our sales teams handle over 175,000 business broadband customers" So it looks like most of their customers are businesses and taking broadband!
19/12/2019
19:44
city chappy: Daisy & KCOM figures compared to give target ranges (adjusted for KCOM £108m debt): - TOOP with 5% or 250,000 customers = £735m to £1.11bn = 65.43p to 97.2p - TOOP with 1% or 50,000 customers = £147m to £222m = 13.08p to 19.4p - TOOP with 0.5% or 25,000 customers = £73.5m to £111m = 6.54p to 9.71p - TOOP with 0.25% or 12,500 customers = £36.75m to £55.5m = 3.27p to 4.85p - TOOP market cap thus increases £147m to £222m & share price rises 13.08p to 19.4p, for every 1% of the market it takes. Conclusion: TOOP share price target on 5% of UK SME market = 65.43p to 97.2p
15/12/2019
16:10
sharetalk: WEBSITE Homepage Cloud Phones Business Broadband Mobile TOOPLE Fast-growing UK company, providing cheaper broadband & telecoms to UK small & medium sized enterprises (SME's). Services include business broadband, fibre, EFM & Ethernet data, mobile SIMM's, cloud PBX, SIP Trunking, & Traditional Services (calls & lines). IP protected 'Merlin' system seamlessly allocates users to the optimal providers, with huge cost savings. Cheaper than BT & other majors, with assured speed & reliability. Debt free (as of 28/5/2019) & quoted on the main list of the UK Stock Exchange. CEO Andy Hollingworth has over 25 years UK telecoms experience. As Director of Wholesale at TalkTalk Plc, he led a growth strategy in the UK reseller market from sub £50m turnover to £250m turnover (£150m net profit with around 30 staff). He then moved into TalkTalk's underperforming small business & corporate segment, transforming it from 18% customer loss into growth of over 3000 customers per month within 3 years. Prior to this Andy was Head of Dealers & Distributers at Orange, & helped grow customer numbers from 3.5 million to 10.5 million. Strategic ambition to become the UK's leading provider of bespoke telecom services to UK SMEs (Annual Results, 17/1/2018) & take 5% of the UK SME market by 2023. ANNUAL RESULTS for 12 MONTHS to 30/9/2019 (released 31/1/2020) o Group revenue £2.452m (+80%), (2018: £1.505m), (2017: £1.2m), (2016: £0.95m) o Broadband revenue £1.331m (+220%). o Hosted revenue £114.8k (+80%). o Mobile revenue £166.5k (+200%). o Gross profit £479k (+165.5%), (2018: £180k). o Overall gross margin 19.5% (+ 6.2% points). o Increase in marketing and sales costs, as business drives revenue for future returns. o Growth despite sacrificing £600k revenue by deliberate termination of old low margin partner agreements. BREAKING NEWS "Following the outbreak of COVID-19, Toople was quickly able to deploy its unified communications platform across its entire workforce & all employees, in the UK, Durban & Poland, have been able to work remotely without disruption to any of the Company's key business functions. As a result, sales, billing & customer support functions have remained largely unaffected & the business has continued to perform well, signing new customers & servicing existing ones." (TOOP, 31/3/2020) "Toople [via its aquisition of DMSL]...has signed major contracts with...two large blue chip organisations: -- Global humanitarian organisation - Cloud telephony, 95 seats, 3 year contract; and -- Worldwide underwriting business - Cloud telephony, 83 seats + 100/1g ethernet circuit, 3 year contract. ...Customer deployment is already complete for both contracts & first revenues generated... The Board is acutely aware of the potential impact of the COVID-19 virus...& has in place a contingency plan to cope with any impact that restrictions on its staff & customers may create. The Company is confident that it can maintain business continuity given that its core offering is a cloud telephony platform which can support all UK, Poland & Durban staff. The platform enables every member of staff to work remotely with full access to Toople platforms & systems on desktop, tablet & mobile. Furthermore this solution is also available to all Toople customers, stakeholders & to potential customers and it can be implemented on a same day basis." (TOOP, 16/3/2020) 'TRANSFORMATIONAL' AQUISITION of DMSL, 19/2/2020 - Year to 30/4/2019, Turnover = £3.14m, Pre-tax Profit = £331.2k. - BT Premier reseller, mainly B2B, 250,000+ BT customers, 400,000+ RGU's. - HQ in Bishop Stortford + sales & quality operation in same Durban site as TOOP. - Business services & products, from single phone line to a multi-site unified comms VoIP platform, delivered via network of telecoms, IT carriers & content providers across UK, incl BT Business, BT Global Serv, Gamma, EE, Vonage, Talktalk Business & 02. - Combined group benefits from operational gearing & efficiencies. - DMSL is cash generative, accelerating Toople's time to profit & positive cash flow. - Enables TOOP to deliver significant growth faster than organically, with cost synergies of £50,000 per month 'at day one'. DMSL have significant experience of cloud based telephony, sales verification processes & quality customer experience. - DSML has three business strands & multiple revenue streams: -- 250,000 business broadband customers managed for BT, who pays DMSL fee for each contract renewal and/or service add-on. Upfront cash & recurring revenues. -- Its own direct marketing customers (for which it owns the enterprise value & contracts) currently 10% of turnover but c80% of all new RGU's, & typically 3 or 5 year contracts. High margin. -- Over 200 resellers, with 50/50 revenues sharing. - DSML's John Carter to be retained as a DSML Director & incentivised (upfront shares + share options only vesting after 3 years) to meet financial targets. - Interview with TOOP CEO (20/2/2020) Click - Interview with TOOP CEO (31/1/2020) (20 min 54 sec): Click - DMSL website: Click KEY SHAREHOLDERS (30/9/2019) Directors A. Hollingworth (CEO) = 28.25m (2.96%); R. Horsman (Chairman) = 12.5m (1.3%) G. Wilson (Director) = 6.36m (0.66%); K. Lawrence (CFO) = 3.96m (0.41%) Others Epsilon Inv = 70.0m (6.12%); Trium Capital = 6.5m (0.68%) (26/9/2019) COMPANY VALUATION - TOOP (CEO Interview, 25/9/2019) stated, "Our ambition...is to gain a 5% foothold in that [UK SME] market, which will make us north of a £100m turnover business." - TOOP (CEO, H2 2018) aims to get 5% (250,000 customers) of the UK SME market within 5 years (by 2023) modified (22/3/2019 Interview) to 5% within 3 to 5 years (2021-2023). A) 'Times revenue' valuation: The 'times revenue' valuation based on 4x to 5x revenues, is used for companies in a growth phase, having high proportion of recurring revenues and good/improving margins: a) Year 2019 'times revenue' valuation: - TOOP revenues Yr to 30/9/2019 £2.45m + DSML revenues Yr to 30/4/2019 £3.14m = £5.59m Times revenue valuation = 4x to 5x £5.59m = £22.36m to £27.95m If revenues continue to rise, the valuation will be higher for the current year 2020. b) Future target 'times revenue' exit valuation: - Based on gaining 5% of the UK SME market and/or £100m+ pa revenues: = 4x to 5x £100m = £400m to £500m or 4x to 5x £120m = £480m to £600m B) Sector Exit Takeover Valuations: a) Daisy Group had 7% (360,000 customers) of the UK SME market, plus debt, & in 2018 declined a cash takeover offer for £1.6 billion, implying 5% = £1.14 billion. b) KCOM had 5% of UK SME market & accepted £627m cash takeover on 12/7/2019 (66% premium to price at first offer). KCOM also had £108m debt (so buyer would have paid £108m more if zero debt) so true takeover value of 5% = £735m. c) Conclusion: 2018/2019 valuation on 5% = £735m to £1.14 billion PRESENTATIONS & INTERVIEWS - 20/2/2020 - Vox Mar: Click - 31/1/2020 (20 min 54 sec) - Vox Mar: Click -- "We can now [with the DMSL takeover] make decisions about what customers sit where ...earnings enhancing from day one as the combined business...12 months from now... significantly more revenue scale, becoming a profitable business & a cash generative business...in excess of £50,000 per month synergy saving from day one....increased skill set & high margin capability of DMSL in its cloud & voice based sales." - 30/9/2019 - Turner Pope Inv Evening: Click -- Presentation slide: Shows Cost of Aquisition per customer down to £40.76 in Aug 2019 (vs £154 in Aug 2018) meaning bigger margins and will drop more. -- Q&A: "I've got to get our company into payback - cash generation, as quickly as I possibly can for our investors...we have said next financial year we would be self-funded and we would look at breakeven point and we have no reason to disbelieve that" -- Currently have approx 10,000 directly contacted customers (excluding wholesale). - 25/9/2019 - Proactive Inv: Click -- "Our ambition...is to gain a 5% foothold in that [UK SME] market, which will make us north of a £100m turnover business." (TOOP, CEO Interview, 25/9/2019) - 17/9/2019 - Vox Mar: Click -- "Three reasons to invest in TOOP: 1. Fastest growing B2B telco in the UK market, material growth in revenues, gross profit & gross margin. 2. All revenues are contracted annuity revenues so real revenue, & 99% of customers sign contracts for 24 months & beyond. 3. Board with significant experience in technology sector, & organic + M&A experience." - 1/7/2019 (24 min 14 sec) Vox Mar: Click - 1/7/2019 - Dir Talk: Click - 15/5/2019 (13 min 54 sec) Vox Mar (JW): Click - 15/5/2019 - Vox Mar (AD): Click - 15/5/2019 - Dir Talk: Click - 22/3/2019 (14 min 20 sec) Vox Mar: Click - 18/12/2018 - Vox Mar: Click - 18/12/2018 (1 min 6 sec) Vox Mar: Click - 9/11/2018 (2 min 10 sec) Vox Mar: Click - 1/10/2018 - Turner Pope Inv Evening: Click MEDIA + ANALYST REVIEWS - 26/9/2019 - Turner Pope TOOP Marketing Communication: Click -- "we believe the company will focus on converting increased numbers of leads at an accelerated pace to deliver sales growth and lower unit costs for customer acquisition over H2 2019 and into the next financial period." (TP, 26/9/2019) - 28/8/2019 (27 min, 2 sec) Alan Green: Click - 31/3/2019 (6 min 25 sec) Justin Waite: Click - 13/2/2019 (9 min 35 sec) Alan Green: Click - 10/2/2019 (5 min 10 sec) Justin Waite: Click - 9/2/2019 (21 min 0 sec) Justin Waite: Click - 5/2/2019 (18 min 0 sec) Justin Waite: Click - 3/2/2019 (1 min 14 sec) Justin Waite - Top 10 Stocks for 2019: Click - 2/12/2018 - Justin Waite - 5 Reasons to add TOOP to your Watchlist: Click COST OF SALES (2019 vs 2018) - 30/9/2019 (17 min 46 sec): Click -- Cost of Sales direct with TOOP has fallen substantially, thus increasing margins: Jun 2018 = £151.65; Jul 2018 = £117.34; Aug 2018 = £154.91 Jun 2019 = £51.93; Jul 2019 = £44.58; Aug 2019 = £40.76 i.e. More than £100 extra to TOOP for each sale now being placed direct. So more Sales placed direct & at lower Costs, meaning higher revenues & gross margins. OTHER - 1/10/2018 (13 min 12 sec): Click -- "we can probably grow exponentially, 20, 30, 40 times bigger than what we are today, without having to add any heads into the business, and that is a key asset in terms of Merlin...growth is exponential." - 26/12/2019, Express Newspaper: Click -- Boris Johnson’s post-Brexit ‘powerhouse economy’ to flourish for TEN YEARS – study finds
13/12/2019
14:50
tewkesbury: - TOOP with 5% or 250,000 customers = £735m to £1.11bn = 65.43p to 97.2p - TOOP with 1% or 50,000 customers = £147m to £222m = 13.08p to 19.4p - TOOP with 0.5% or 25,000 customers = £73.5m to £111m = 6.54p to 9.71p - TOOP with 0.25% or 12,500 customers = £36.75m to £55.5m = 3.27p to 4.85p - TOOP market cap thus increases £147m to £222m & share price rises 13.08p to 19.4p, for every 1% of the market it takes. Conclusion: TOOP share price target on 5% of UK SME market = 65.43p to 97.2p
09/12/2019
07:21
12bn: kazoom8 Dec '19 - 19:13 - 5721 of 5739 0 2 0 All of the 'political commentary' here has been quite fun. However,it is totally irrelevant to the Toople share price - an absolute majority for Labour has never been on the cards during this case and even if it were to have happened they could not and would not deliver on free high speed broadband for all private citizens and businesses. The election is categorically NOT influencing the Toople share price and Friday the 13th will not be a significant date for Toople and it's shareholders. The answer to Toople's current share price and it's potential lies elsewhere./////// A sensible post but I am not sure that I agree with the conclusion. There was consistent 2m sells here from the 0.30p area and I thought at the time that someone was deliberately driving the share price down. Someone did point out though that a spread betting firm had closed down and many PIs had been forced into selling. The share price fell and fell with the constant 2m drip drip selling but then those sales stopped and the share price stagnated. So the spread bet firm collapse does fit the evidence but so does someone in the know about Labours 'free broadband' policy and selling out to take advantage of it. I also think that the coming Tory victory will take risk out of further buying and could be good for the share price News of increased sales in the next 10 days should put a rocket up the share price anyway.
Toople share price data is direct from the London Stock Exchange
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