By Loopup Group PLC LOOP: Time to Snap Up cheap shares?
Shares in LoopUp jumped today 01 Sep 2022 by over 28% at the time of writing 8.68p following the company releasing positive news.
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At the close 31 Aug 2022, shares were 6.76p.
LoopUp reported a Material Contract Win worth over £10M of revenue for its Meeting division.
The Group also reported its Cloud Telephony gained a 133% increase in customer wins and a 252% increase in individual contract wins during the second year post service launce.
Following value being sucked out of the company, investors could be connected to a transformation recovery over the coming years ahead as LoopUp gains more contracts and stronger profits.
A the current share price, LoopUp may seem undervalued and given the likelihood of future bigger profits, it may well be worth investing now to snap up cheap shares.
LoopUp have strong connections with Microsoft and a takeover is conceivable by some larger revivals.
Shares in LoopUp could re-rate and a rapid recovery is possible.
If LoopUp is truly on the rebound from its all time average 5 pence lows I would expect to see steady gains on a daily/weekly basis, moreover as more positive news filters through.
The US market is huge and LoopUp stands to benefit from bigger deals down the line.
Long-term share holders who get in now while the share price is very cheap should benefit the most.
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