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LoopUp – I having previously concluded my doubts remain, “Trading Statement”...

By Steve Moore | Thursday 22 July 2021


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.


Previously writing on cloud communications platform group LoopUp (LOOP), in March with the shares at 86.5p I noted that my doubts remain. Today it has made a half-year trading update including that “in Cloud Telephony, we have seen a material acceleration in new customer wins”…but the shares have currently responded further lower, closer to 50p. So what’s going on?…

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