Good morning, it’s Paul here.
Please see the header for the results amp; trading updates which caught my eye, on my initial sweep of the RNS first thing.
Estimated completion time – I’m writing mainly this afternoon, so should be finished by about 6pm.
Cloudcall (LON:CALL)
Share price: 98.5p (down c.7% today, at 12:48)No. shares: 26.6m existing shares + 12.0m new shares = 38.6mMarket cap: £38.0m
(at the time of writing, I hold a long position in this share)
CloudCall is a software-as-a-service (“SaaS”) and unified communications business (“UCaaS”), that has developed and provides a suite of cloud-based software and communications products and services, which enables organisations to leverage data in CRM systems to enable more effective communications.
There are 2 announcements today, interim results, and yet another placing
Fundraising
This is a conditional placing amp; open offer, at 100p per share. This is a pleasingly small discount to the previous market price, which I am pleased about. Placings are only a problem, if existing shareholders are diluted a lot, at a big discount, which is not the case here.
What is striking is how much larger this £12m placing is, compared with previous fundraisings. The company…
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