LoopUp (AIM:LOOP) - bonkers valuation of the week?
The remote meetings company has seen its share price soar since arriving on AIM in August 2016 at 100p. The latest trading update highlights a terrific past few months, but the valuation still looks totally bonkers to us, as we highlight in our Blog here
LoopUp provides software for conference calls and online meetings. The Group’s official description of its activities is as follows: LoopUp (LSE AIM: LOOP) is a premium remote meetings solution. Streamlined and intuitive, LoopUp is built for business users and delivers the quality, security and reliability required in the enterprise. One-click screen sharing and integration with tools business people use every day, like Outlook™, make it easy for LoopUp users to collaborate in real time. LoopUp’s award-winning SaaS solution doesn’t overwhelm users with features, and doesn’t require training. Over 2,000 enterprises worldwide, including Travelex, Kia Motors America, Planet Hollywood, National Geographic,…