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LoopUp Group PLC targeting a 'huge market' says Flavell

Conference call software group LoopUp Group PLC (LON:LOOP) made a  strong debut on AIM, with its shares now trading at 116p against a float price of 100p.
Sales growth has been an impressive 36% in each of the past three years but co-chief executive Steven Flavell believes it has barely scratched the surface of its potential market.
The company generates £9 for every £1 invested and with £14bn every year wasted by companies on meetings as they track down who is there and who should be there, he sees a ‘huge market’ and bags of growth potential.

Quick facts: LoopUp Group PLC

Price: 60.5 GBX

AIM:LOOP
Market: AIM
Market Cap: £33.42 m
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LoopUp's 2018 profits were "comfortably ahead" of market expectations

Remote meetings technology specialist LoopUp Group PLC (LON:LOOP) said profitability in 2018 was “comfortably ahead” of consensus expectations. Co-CEO Steve Flavell gives Proactive London detail on today's trading update and offers insights into LoopUp's expansion plans including new offices...

on 13/2/19

2 min read