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LoopUp – how “material” a contract win and how’s the “strategic transition”?

By Steve Moore | Thursday 1 September 2022


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.


“Material Contract Win; Business and Trading Update” announcement from LoopUp Group (LOOP) which emphasises a “Meetings: new material contract win expected to generate c.£10 million of revenue and c.£5 million of net cash in the 12 months from October 2022 to September 2023”. But isn’t the group supposed to be ‘transitioning’ from Meetings to 'Hybrid Communications' technology?

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