By Steve Moore | Thursday 31 January 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A 15th January “Trading Statement” announcement from CloudCall Group (CALL), included “available cash reserves of £2.75m… Cash reserves decreased by approximately £1.5m in H2 2018, compared to £2.5m in H1 2018, and the company is already well advanced in preparations for its 2018 R&D tax credit claim which is expected to bring in an additional £0.75m in mid-2019” and “following its equity fundraise completed in November 2017, 2018 has seen the company make significant investments… as with most SaaS businesses, there is always a lag between making these investments and the resulting revenue growth, so I am delighted that we are now starting to see tangible acceleration in customer orders and user growth”. No need for more funds imminently then?... Now “Placing”!...
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