28 November 2013

@UK plc (the "Company")

CHANGE OF COMPANY NAME TO CLOUDBUY PLC (AIM: CBUY)


cloudBuy is a world-leading solution for corporate and public-sector procurement, offering major benefits to buyers and sellers alike. A cloud-based approach means that cloudBuy is an instantly available online marketplace to support the sourcing strategy of all procurement professionals, whatever their location with no IT support overheads. Front-line staff need almost no training as they use familiar Internet-style buying to access only approved suppliers of goods and services at contract prices. Because payment is via one basket and our VISA partner network, there is no need for invoice matching, and total accountability. Our cloudBuy system can link with existing ERP systems or provide full online purchase to pay. It is easy for suppliers to set up a cloudSell website available to their corporate clients, the public sector and ordinary consumers.

http://www.cloudbuy.com/

Change of Name

RNS


RNS Number : 1254U

Cloudbuy PLC

28 November 2013




Embargoed for release at 7.00 a.m.

28 November 2013

@UK plc (the "Company")

CHANGE OF COMPANY NAME TO CLOUDBUY PLC (AIM: CBUY)

@UK plc (AIM: ATUK), the cloud eCommerce marketplace, is pleased to announce that, further to obtaining shareholder approval at its General Meeting held on 14 October 2013, the process for the change of name to cloudBuy plc has been completed.

The Company announced in its interim results announcement on 3 September 2013 that it intended to change its name to cloudBuy following a complete review with VISA of its products, messaging and branding. The Company worked with VISA to synthesise its brand values and identify a new name which embodies these. The Board therefore considers that following completion of the rebranding exercise the Group will benefit from the parent company adopting the cloudBuy name.

It is expected that the Company's shares will commence trading on AIM with the new name with effect from 8.00 a.m. on today, 28 November 2013 with the ticker CBUY and the same ISIN number (GB00B09Y8Y28).

Information required by AIM Rule 26 will be available on the Company's new website at http://investor.cloudbuy.com/ with effect from today.

Commenting on the name change, Ronald Duncan, Chairman, said:

"It was obvious from our work with Visa that the @UK plc brand name was not suitable for a global roll out. We worked closely with Visa on our rebranding and agreed on cloudBuy and cloudSell for which the domains have been bought and trademarked. Now that our rebranding has been completed, it is appropriate that we change the Company's name to cloudBuy."

For further information please contact:

cloudBuy plc Tel: 01527 850080

Ronald Duncan, Chairman

Westhouse Securities Limited Tel: 020 7601 6100

Tom Griffiths/Richard Johnson



Newgate Threadneedle Tel 020 7653 9850

Caroline Evans-Jones/Alex White

About cloudBuy PLC

cloudBuy is Europe's leading transactional Cloud Platform with over 1 million users. The platform supports B2B eCommerce and eProcurement across a range of public and private sector organisations providing a secure, controlled transactional environment for B2B trading. The technology is unique in the B2B market, in that it delivers the B2C internet shopping experience in a business environment. The platform has been rebranded to cloudBuy.com for global expansion with Visa and partner banks. The platform is PCI DSS accredited, providing secure, integrated financial transactional capability, delivering savings to both the buyer and the supplier through greater accounts payables accuracy, reduction of manual processes and elimination of paper.

cloudBuy provides an immediate business case using SpendInsight. SpendInsight was developed to recognize, match and classify products and services, providing buyers with greater visibility to spend data, and supports the identification of cashable savings, through unique product level matching artificial intelligence. The output from this is then passed to the Visa member bank, for analysis by Visa to identify which suppliers accept card payments currently and compute the potential card rebate to fund the B2B ecommerce platform.

Trading Update

RNS


RNS Number : 5172Y

Cloudbuy PLC

27 January 2014






27 January 2014

cloudBuy plc ("cloudBuy" or the "Company")

Trading update





cloudBuy (AIM: cbuy.L), the cloud eCommerce marketplace, today provides an update on trading for the year ended 31 December 2013.


The Company enjoyed strong trading in the year, delivering good growth in eCommerce marketplace and spend analysis revenue of over 50% on the preceding year. While the Company Formations division continued to see a small decline, overall revenues enjoyed strong growth resulting in a profitable cash generative UK operation in line with market expectations. Following our stated strategy the profits from the UK business were invested in additional resources, in particular in sales and marketing activities and technical support of an accelerated Visa roll-out, alongside a small part of the proceeds of the Company's placing and open offer of £5.3m. This has resulted in a slightly higher loss to that in the preceding year. As a consequence of this activity we start the year with the best pipeline that the Company has ever had, with active prospects in each of Australia, New Zealand, Hong Kong, China, India, Canada and the USA, as well as our UK opportunities.



Following the placing and open offer referred to above, the Company has significantly strengthened its executive management and delivery team with the recent arrival among others of Jonathan Holden from Visa as CEO for the Europe Middle East and Africa region, along with the global solution team of Russell Darling, Nilesh Gopali, Sharlene Jobson and Chris Hope. The Asia Pacific team has also been strengthened with Patrick Broughton as its President, Dale Stephens as CEO for the region and Jeff Corcoran joining as a Sales Executive.



This investment in people has helped the Company to make very good progress in Asia Pacific along with the transition to its new business model as previously announced. The rebranding of the business' operations as cloudBuy was completed and successfully launched and the Company is now in a strong position to convert the pipeline.



In the UK, we continue to see growth across all areas of our operation with contract wins increasing. The Company invested considerable resources in product development in 2013, particularly in the area of content management. The Company has developed a sophisticated content management system (CMS) which can be independently deployed for any customer or used in an integrated manner to customise cloudBuy eCommerce marketplaces and eCommerce websites.



This enterprise technology allows cloudBuy to quickly customise eCommerce marketplaces to meet diverse customer needs, ranging from eProcurement and care through to citizen disbursements and insurance payments. These new marketplaces have a highly intuitive consumer interface, which integrates seamlessly with the controlled back office workflow. Customer feedback is very positive and the new suite of solutions moves cloudBuy substantially ahead of its competitors.



The Company secured a number of significant contract wins in Social Care and has now established itself as a market leader in this rapidly growing segment, where over 80% of the available market has yet to choose a solution. In tandem, the NHS is implementing personal health budgets from April 2014, where the 211 Clinical Commissioning Groups (CCGs) have to offer all qualifying personal budget holders a solution which allows them to choose and purchase their care. We have good engagement in this area and are the only eMarketplace provider that is accredited by the NHS to hold patient data, giving us a distinct competitive advantage.



In the area of spend analysis, the volume of spend analysed by our systems is now over $500 billion, and, as was demonstrated with the signing of the Tungsten contract announced on 4 September 2013, there are substantial revenues available in this area. It is important to emphasise that these revenues are a small fraction of the recurring revenues that the Company can generate from realising the saving with our eCommerce marketplace available under the new business model.



Ronald Duncan, Executive Chairman, commented, "We are delighted with the progress made during the past year, both financially and operationally. The partnership with Visa underlines the superiority of our proven eCommerce marketplace and spend analysis software. In addition, we are confident that the combination of extended market reach which Visa provides, and our switch to a business model where we take a percentage of the volume flowing through the system, should result in increased prospects for the Company in the year ahead as we seek to convert our best ever pipeline."



Notice of Results



The Company expects to announce final results for the year ended 31 December 2013 on 12 March 2014.

27 Jan Westhouse... 100.00 Buy

-------------------------------------------------------------------------------------------
cloudBuy expands into the '$100tln e-commerce market' with partner Visa

By Jeremy Naylor

January 27 2014, 2:39pm



http://www.proactiveinvestors.co.uk/companies/stocktube/2490/cloudbuy-expands-into-the-100tln-e-commerce-market-with-partner-visa--2490.html

If it comes down to 46 I'll pick up some more

Contract Win

RNS


RNS Number : 3999Z

Cloudbuy PLC

06 February 2014






06 February 2013

cloudBuy plc ("cloudBuy" or "the "Company")

CONTRACT WIN

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, is delighted to announce that it has won a contract with Northamptonshire County Council in conjunction with The Grass Roots Group PLC to implement a consumer led care marketplace.

The care marketplace is planned to be live by 1 April 2014, initially focusing on Northamptonshire's managed social care provision, with plans to involve all of Northamptonshire's citizens in the selection and management of their care during the following 12 months.

The cloudBuy care marketplace is a key component of the solution, its roots in eCommerce means that it is designed to meet the needs of consumers whilst providing the control and transparency which the Northamptonshire Count Council requires. This is an exciting emerging area which is being shaped by innovative first movers, such as Northamptonshire. Local government spend on social care is in excess of £20bn and the overall market is estimated at up to £100bn.

cloudBuy and The Grass Roots Group PLC worked in partnership to create a new approach in order to bid for the contract. Both were delighted that their innovative approach was recognised and that they were selected in the face of considerable competition.

Andy Lister, Chief Operating Officer of The Grass Roots Group, commented on the partnership as follows, "To us, partnership is about making 'the whole more than the sum of its parts'. I am determined that Grass Roots will play our role to ensure that the citizens of Northamptonshire, when managing care or support for their loved ones, will experience the same levels of engagement and empowerment that they might expect from today's leading consumer-class websites."

The Grass Roots Group is a world-leading engagement business, headquarted in Tring, Herts., with over 1,000 employees and operating in fifteen markets around the world.

Northamptonshire County Council is regarded as one of the UK's most forward looking local authorities with an impressive track record of designing and implementing successful partnership programmes.



Dr Paul Blantern, Chief Executive of Northamptonshire County Council, said, "Meeting the challenge of ensuring the future delivery of integrated care services for all citizens now and in the future cannot be underestimated. The e-marketplace and integral e-payment is central to this agenda. The initiative that the consortium has helped shape, capitalises on the combined skills, knowledge, and expertise of cloudBuy, Grass Roots and Northamptonshire County Council and is genuinely ground breaking in a number of respects."



Ronald Duncan, Chairman of cloudBuy plc, commented, "We are delighted by this contract win as it underscores our leading position in this emerging market. cloudBuy care is unique in its support for care provider ecommerce, so cloudBuy has a significant first mover advantage in providing ecommerce to care providers.

At a time of ageing populations and reduced budgets, our cloudBuy care technology delivers significant improvements in care at reduced cost for both care providers and councils."

UPDATE - CloudBuy's local government contract win provides "strong reference client"

By Julie Crust

February 06 2014, 1:14pm
Local governments spend more than £20bln on social care
Local governments spend more than £20bln on social care


---ADDS BROKER COMMENT AND SHARE PRICE REACTION---

CloudBuy (LON:CBUY) said it won a contract, in conjunction with The Grass Roots Group, to provide a consumer-led care marketplace for Northamptonshire County Council.

CloudBuy, which offers services that enable businesses to analyse their annual expenditure and work out ways of doing things cheaper next time round, said the care marketplace for Northamptonshire’s Council is expected to go live by April 1.

“At a time of ageing populations and reduced budgets, our cloudBuy care technology delivers significant improvements in care at reduced cost for both care providers and councils,” said cloudBuy chairman Ronald Duncan.

No financial details were disclosed.

The care marketplace will initially focus on Northamptonshire's managed social care provision, with plans to expand the service to all of Northamptonshire's citizens in the selection and management of their care during the following 12 months.

Local governments spend more than £20bln on social care and the overall market is estimated at as much as £100bn, cloudBuy noted.

Broker Westhouse Securities said the deal gives cloudBuy “a strong reference client as it seeks to achieve a significant first-mover advantage in providing ecommerce to care providers”.

“We view this contract as further evidence that cloudBuy has a scalable, ecommerce marketplace technology platform. With its exclusive partnership with Visa we would expect to see further contract wins in due course,” the broker said.

The broker reiterated its ‘buy’ recommendation and stuck by its discounted cash flow-derived price target of 100p.

Shares in cloudBuy were trading at 47p over the lunchtime period, up 2.2%.

Nice fit with COMS ?

cloudBuy to benefit from first-mover advantage in huge social care market

By Charlotte Kan

February 07 2014, 3:14pm



Ronald Duncan, chairman of cloudBuy, the e-commerce marketplace, tells Proactiveinvestors the company will benefit from a 'first-mover' advantage in the 'massive' social care market.




http://www.proactiveinvestors.co.uk/companies/stocktube/2526/cloudbuy-to-benefit-from-first-mover-advantage-in-huge-social-care-market-2526.html

Extract From Stockopedia 6th Feb


What this company does is basically promote companies using credit cards to pay their suppliers. It then offers them a cashback, which is paid for by a partial rebate of the card interchange (the 1% fee that credit card issuers charge every time their card is Used)



Today's announcement concerns an apparent broadening of the business model into social care, although it really doesn't adequately explain the venture at all - something about creating a "consumer-led care marketplace", whatever that means? So presumably a website to match up carers and carees? There is certainly a market opportunity for that, but a good starting point would be to employ someone to write announcements who is capable of explaining things more clearly!

Q&A: Cloudbuy's 2014 focus is global roll out with Visa

By Ian Lyall

February 14 2014, 8:44am
Q&A: Cloudbuy's 2014 focus is global roll out with Visa

London listed Cloudbuy (LON:CBUY), the cloud e-commerce marketplace, has just won a contract with Northamptonshire County Council to help it find cost savings in social care. Ronald Duncan is chairman of the company.

Jeremy Naylor (JN): Ronald, social care is a new market for the company. Why was it important for Cloudbuy to be involved?

Ronald Duncan (RD): We had already been involved with Hertfordshire and Serco, so we were into the market. But what we’re doing with Northamptonshire is taking it out to the next level. It's a massive market.

JN: Could you briefly describe how your Cloudbuy Care technology works?

RD: What we’ve got is our standard marketplace stuff where you can go and buy things. But we’ve made it citizen friendly. It has got to be easy for somebody that has got mental or physical challenges, or is frail and elderly, to find care, and buy it.

People actually get better care if they can choose the care themselves. It's proven that you get a better outcome if you don’t become dependent, so that’s something that’s coming out in the Care Act.

Then, we give them an easy way of finding the care: we provide the e-commerce sites for the providers who can then service people’s care needs. It's actually a global problem - ageing populations and providing care - and the UK is leading the way in this. This is something that we can take out globally.

JN: So a huge market indeed. What does the plan involve for the company in 2014?

RD: The main focus in 2014 is our global roll out with Visa. We’ve brought in Johnny Holden as our chief executive for Europe. He’s also managing the partnership with Visa and Serco and he'll be doing some of the things with Grass Roots. Because he spent a long time with Visa, he really understands how things works. He has already been a big help to us in cementing our relationship with Visa, making sure we do everything in the best way possible with Visa. That’s a very great benefit for our core strategy, which is global roll out for Visa.

JN: In the past few weeks, both Westhouse Securities and Citi have reiterated their ‘buy’ ratings on Cloudbuy shares. Do you feel it validates your strategy, and that it's reflected in the share price, as well?

RD: It certainly validates our strategy and the analysts are very excited about what we’re doing.

It's all very well having the best technology in the world, having the best technology in the world doesn’t mean you’re going to win. Having the best technology and having the biggest player in the market backing you is a combination that’s great. That’s why we’re focused on delivering that with Visa.

JN: Ronald, thank you very much.

Contract Win

RNS


RNS Number : 4855A

Cloudbuy PLC

20 February 2014






20 February 2014

cloudBuy plc ("cloudBuy" or "the "Company")

CONTRACT WIN

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, is delighted to announce that it has won a contract with a major central Government Agency ("the Agency") to provide an Intranet system using cloudBuy's content management technology.

The agreed revenue is £406k with approximately £200k of immediate potential follow-on revenue giving potential total revenue in year one of £600k, followed by recurring revenues.

The cloudBuy content management system provides a sophisticated Intranet capability, which will significantly enhance the Agency's ability to manage internal processes and communications.

Ronald Duncan, Chairman of cloudBuy plc, commented: "We are delighted by this contract win as it underscores our leading position in content management technology. We believe that world class content management is a critical piece of the jigsaw when making internal and external changes.

"We have been continually improving our content management system for 14 years, and believe that this gives us a significant advantage over our competition in all our markets

20 Feb Westhouse... 100.00 Buy

Contract Win

http://www.moneyam.com/action/news/showArticle?id=4766101

Contract Win in India

RNS


RNS Number : 9582B

Cloudbuy PLC

11 March 2014


cloudBuy plc ("cloudBuy" or "the Company")

Contract Win in India



cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces that it has been awarded its first eProcurement contract in Mumbai, India, by Sarth Surfacrete, to implement a cloudBuy private purchasing portal. The portal will feature integrated electronic payment as a standard feature. As part of the implementation, Sarth Surfacrete's suppliers, some of which are large corporates, will be provided with a dedicated B2B eCommerce environment to facilitate trading and electronic payment.



This contract win builds upon cloudBuy's investments in India. cloudBuy has been building capability in the market, covering India's complex range of in-country taxes into the cloudBuy eCommerce engine. The ability to support suppliers trading across India is central to a successful roll out of eCommerce and eProcurement.



Ronald Duncan, Executive Chairman of cloudBuy, said "India's eCommerce market grew at 88% in 2013 rising to $16bn, and it is clear that there is a readiness and excitement around B2B eCommerce within India's thriving business sector. We are delighted by this contract win which highlights the desire of forward looking Indian companies to grow into eBusiness. "



Prashant Palande, Managing Director of Sarth Surfacrete, said "We use leading technology in our construction and corporate interior projects, similarly we were looking out for a latest solution to ease our procurement issues for the next five years. Having the solution in the cloud reduces our implementation and maintenance costs, which is an added advantage along with bringing our suppliers and their payment 'Online', which swayed our decision in cloudBuy's favour."

--------------------------------------------------------------------------------------------

Cloudbuy wins eProcurement contract in India

By Giles Gwinnett

March 11 2014, 7:15am
'We are delighted by this contract win which highlights the desire of forward looking Indian companies to grow into eBusiness. '


Cloudbuy (LON:CBUY) has won its first eProcurement contract in India, it told investors.

The deal is to implement the eCommerce firm's private purchasing portal for construction group Sarth Surfacrete.

This will see some of Sarth's suppliers, which are large corporate firms, be provided with B2B eCommerce for trading and payments.

Sarth's managing director Prashant Paland said: "We use leading technology in our construction and corporate interior projects, similarly we were looking out for a latest solution to ease our procurement issues for the next five years.

"Having the solution in the cloud reduces our implementation and maintenance costs, which is an added advantage along with bringing our suppliers and their payment 'Online', which swayed our decision in Cloudbuy's favour."

Cloudbuy said the contract built on its investments in India.

Executive chiarman Ronald Duncan said: "India's eCommerce market grew at 88% in 2013 rising to $16bn, and it is clear that there is a readiness and excitement around B2B eCommerce within India's thriving business sector.

"We are delighted by this contract win which highlights the desire of forward looking Indian companies to grow into eBusiness. "

Wowser, didn't see that coming, India already

11 Mar Westhouse... 100.00 Buy

Final Results

RNS


RNS Number : 0667C

Cloudbuy PLC

12 March 2014



("cloudBuy" or the "Company")



Audited Final Results for the 12 months ended 31 December 2013



cloudBuy plc (AIM:CBUY), the cloud eCommerce marketplace, today announces its audited final results for the 12 months ended 31 December 2013.



Key Points

Financial:

· Turnover increased by 35% to £3.004m (2012: £2.219m)

· Sales of web and eCommerce services increased by 73% to £2.044m (2012: £1.180m).

· Company formations declined by 12% to £773k (2012: £880k)

· Revenue from coding increased by 18% to £187k (2012: £158k)

· Gross profit increased by 46% to £2.561m (2012: £1.750m)

· Gross margin increased to 85% (2012: 79%)

· Operating expenses before share based payments increased to £3.275m (2012: £2.528m) reflecting the increase in costs associated with activities in Asia Pacific.

· Loss before tax increased by 10% to £936k (2012: £850k)

· Cash and cash equivalents of £4.157m (2012: overdraft £61k)



Operational:

· 3 year exclusive agreement signed with Visa Worldwide Pte. Limited (Asia Pacific)

· Global launch as cloudBuy

· Senior appointments to strengthen management and operational teams

· First Australian contract win

· Increased contract momentum in the UK, including wins with Invest Northern Ireland and Tungsten Corporation plc



Ronald Duncan, Executive Chairman of cloudBuy, commented:

"2013 was a remarkable year for cloudBuy, laying the foundations for future, profitable growth. We successfully launched in Asia Pacific with our partner Visa, completed an equity fundraising to provide us with the firepower to capitalise on our strong market position, to increase our investment in our people and technology and to ensure that we have the infrastructure to capitalise on the significant opportunity available to us.

"We are delighted with our progress both internationally and in the UK. We have made a considerable investment in both our technology and international expansion that resulted in a loss for the year. The Board considered that this was justified on the expectation that the investment would result in significantly improved future results."

Stockgumshoe are covering this today.

Could this fall to 28p the chart is very weak and no buyers.

Don't think so, a big deal about to be announced

Contract Win

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces a significant contract win with a UK major multi-billion dollar private sector care organisation to provide it with integrated ecommerce and eprocurement capabilities.

The contract will allow the organisation to automate its sales to individual consumers of care as well as NHS and Local Government purchasers via the cloudBuy care marketplace, and to simultaneously automate its purchasing from downstream providers and suppliers through the cloudBuy eProcurement platform.

This contract proves the significant supply chain multiplier effect to cloudBuy for every buyside contract win. The directors of cloudBuy estimate that a significant percentage of the potential overall revenue from the care sector of circa £100 million per annum will come from providing ecommerce sites to care providers.

Contract Win

RNS


RNS Number : 1562E

Cloudbuy PLC

07 April 2014




07 April 2014

cloudBuy plc

("cloudBuy" or the "Company")

Contract Win

cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces a significant contract win with a UK major multi-billion dollar private sector care organisation to provide it with integrated ecommerce and eprocurement capabilities.


The contract will allow the organisation to automate its sales to individual consumers of care as well as NHS and Local Government purchasers via the cloudBuy care marketplace, and to simultaneously automate its purchasing from downstream providers and suppliers through the cloudBuy eProcurement platform.



This contract proves the significant supply chain multiplier effect to cloudBuy for every buyside contract win. The directors of cloudBuy estimate that a significant percentage of the potential overall revenue from the care sector of circa £100 million per annum will come from providing ecommerce sites to care providers.


Ronald Duncan, Chairman of cloudBuy plc, commented: "We are achieving a 90% success rate in signing up suppliers via our buyers. This contract win confirms our market leading position in providing ecommerce in the care sector, and joins up the care supply chain so that we can extend down from the councils and NHS to the major providers and onto their subcontractors and supply chain.



"Care is one of the largest and fastest growing service industries in the developed global economy and cloudBuy is establishing a strong and recognisable brand in the UK whilst generating interest globally. Given our success to date and the scale of expenditure in this area we are focused on maximising this opportunity and aligning it with our new transactional model. "

cloudBuy shares up as chairman looks ahead with confidence

By Giles Gwinnett

April 22 2014, 4:25pm
cloudBuy shares up as chairman looks ahead with confidence

Shares in e-procurement firm cloudBuy (LON:CBUY) advanced in afternoon trade as it said it expected contracts awarded this year to deliver significant revenues in the second half.

The bullish assessment came from Ronald Duncan, chairman of the group, at Tuesday's AGM.

"Last year we set a medium term target of £50 million turnover with 80% of our business overseas.

"We have made considerable progress towards that target and now have three separate areas that could deliver the £50 million turnover target on their own; these are Care, Health and our global business," he said.

"We have made a number of important contact wins already this year, and we expect these to deliver significant revenues in the second half of the year, in a similar pattern to last year."

Shares rose 1.35% to 37.5p.

Chart - bowl ? Big rise north to follow? A big deal is due so Watch with interest

Cheers robstuff, up 18.5% today.

Reports of the NHS commencing system to Save hundreds of millions on their annual spend in the press over the weekend - could it be via CBuy?

cloudBuy partners with Worldpay

RNS


RNS Number : 6800F

Cloudbuy PLC

29 April 2014






cloudBuy plc

("cloudBuy" or the "Company")

cloudBuy partners with Worldpay



LONDON - Tuesday 29 April 2014 - cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, and Worldpay, the UK leader in payments, have agreed a partnership which will enable cloudBuy customers a new fast-track service for merchant accounts.

The deal will allow approximately 117 local authorities across the UK, to start taking debit, credit and commercial card payments though their local marketplace website, giving their customers an easy to use payment option when shopping online.

Partners for the last 10 years, cloudBuy and Worldpay have agreed a highly competitive proposition for cloudBuy customers, many of which provide access to local health and social care services.

By taking online card payments, these local authorities are making it easier for people to access a wider range of health and social care products and services, from pre-approved suppliers.

Local authorities will also benefit from speedy settlement back into their business account, freeing up administration time previously spent collecting and chasing payments.

As cloudBuy marketplace websites are so easy to use, they are quickly being adopted by many local authorities across the UK. Care is a particularly complex area for ecommerce, and each local authority has thousands of suppliers.

cloudBuy is the only ecommerce provider to the UK care provider community.

Ronald Duncan, Chairman of cloudBuy commented, "With the Worldpay partnership, we can now provide new and existing customers, a faster, more competitive merchant account referral service, which will allow them to start taking Visa and MasterCard payments through our ecommerce websites in a matter of days."

Dave Hobday, Managing Director of Worldpay UK, commented, "We are pleased to be working with cloudBuy to help more local authorities provide simpler, easier payment services. These authorities provide a vital service to the community, so they deserve to get all the benefits of trading online - quicker payments, greater security, and swift settlement."

29 Apr Westhouse... 100.00 Buy

Director/PDMR Shareholding

RNS


RNS Number : 6896J

Cloudbuy PLC

16 June 2014






16 June 2014

cloudBuy plc

("cloudBuy" or the "Company")

Director's dealing

The Company announces that it has been notified that today, Ronald Duncan, a Director of the Company, purchased 30,000 Ordinary Shares of 1 pence each at a price of 31.925p per Ordinary Share.



Following the transaction, Ronald and Lyn Duncan and associated family's holding in the Company has increased to 21,023,624 Ordinary Shares, representing 19.13% of the Company's current issued share capital.

Today's move is down to - Statement regarding share price movement

Unfortunately, I dithered this morning and didn't buy!

Statement re share price movement

RNS


RNS Number : 6504J

Cloudbuy PLC

16 June 2014




16 June 2014

cloudBuy plc
("cloudBuy" or the "Company")

Statement regarding share price movement



The Board of cloudBuy plc (AIM:CBUY), the eCommerce marketplace, notes the recent downward trend in the Company's share price, and is not aware of any business reason for the drop in value. The Company is performing strongly and is ahead of plan in terms of prospects and leads.


There are a number of significant opportunities being pursued in Australia, New Zealand, Hong Kong, China, India, South Africa, USA and Canada along with major opportunities in the UK, specifically in Education, Defence, Health and Social Services. Whilst it is difficult to predict timings the directors expect a number of significant contract wins in the next few months.

Chairman of cloudBuy, Ronald Duncan said: "I am delighted with the progress we have made since we raised the £ 5 million in October 2013. Last week we visited a major multinational who believes that our marketplace model is the future of procurement, and I expect to see a take off in our contract wins shortly."

You ditherer lol

lol

Director Deals - Cloudbuy (CBUY)

BFN

David Holloway, Non Executive Director, bought 30,000 shares in the company on the 17th June 2014 at a price of 33.00p. The Director now holds 8,842,181 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Recovery well underway .

cloudBuy makes its point at Local Govt Association conference

By John Harrington

July 11 2014, 7:27am
cloudBuy makes its point at Local Govt Association conference

cloudBuy (LON:CBUY) trumpeted the benefits of its eCommerce platform at a conference this week as local authorities get to grips with the new Care Act.

Ronald Duncan, chairman of cloudBuy, introduced a session that included an address from Health minister, Dr Daniel Poulter.

Duncan told the assembled audience of council leaders and chief executive officers (CEOs) that cloudBuy and NHS Shared Business Services are ready to deliver personal budgets to all of the 211 clinical commissioning groups within England.

Duncan said it would build on the ground-breaking work that cloudBuy has already carried out for local government and explained that this meant that the technology industry was ready to support the new CEO of the NHS, Simon Steven, whose drive to move 5mln people onto personal budgets by 2018, was announced yesterday at the Local Government Association (LGA) conference in Bournemouth.

"The Care Act is a revolutionary piece of legislation that can bring about real personalisation in how social care is delivered. With the underlying technology in place, the UK leads the world in addressing the complex challenges of an ageing population," Duncan declared.

"As I have previously stated, Care is a £50 million per year opportunity for cloudBuy and the combination of providing a national solution with NHS SBS for NHS Personal budgets and a new national solution for self-funded care with Grass Roots and Northamptonshire on a transactional model means that we are on track to deliver our target," he added.

11 Jul Westhouse... 100.00 Buy

Trading Update and Notice of Results

RNS


RNS Number : 4440N

Cloudbuy PLC

28 July 2014




28 July 2014

cloudBuy plc

("cloudBuy" or the "Company")



Trading Update and Notice of Results


cloudBuy (AIM: cbuy.L), the cloud eCommerce marketplace, today provides an update on trading in the six months ended 30 June 2014.



Trading in the first six months has been in line to achieve market expectations for the full year, with spend analysis and eProcurement invoicing growing by 50%. A large part of the invoicing was at the end of the period and this invoiced revenue will be recognised in future periods, so that recognised revenue for this period will be similar to the first half of the prior year.



cloudBuy has made demonstrable progress in each of its three key target opportunities; these being global expansion, social care and health. The investment in global expansion has resulted, as anticipated, in an increased loss for the period, but this is offset by a strong pipeline of contract wins that the Board expects to deliver in the second half of the year.



Global Expansion



cloudBuy has analysed over $10bn US Dollars of spend in Asia Pacific in the first 6 months and this has provided good visibility of the future pipeline across the large participating organisations. A number of these are government organisations which have been through a process of validation and testing over the past six months, prior to releasing data and creating business cases for the implementation of the cloudBuy marketplace.



The Company's roll out plan was initially focused on Australia, New Zealand and Hong Kong. cloudBuy is on track with projects underway in Australia and Hong Kong, and late stage prospects in New Zealand. The team in India has expanded its focus from back office support to sales and the Company has a good pipeline of opportunities with large Indian companies and global corporates, building out from the first smaller customer. cloudBuy continues to work closely with Visa Asia Pacific and its member banks to develop this market.



In both India and Hong Kong the Company has opportunities which require the marketplace to also support local taxation, language and cross border trading in a single global solution. This is particularly important for global corporations and is not catered for in any existing solution apart from the cloudBuy solution. The Company has been working to enhance the platform to support these activities and currently the marketplace and supplier solutions are being translated into Hindi, and traditional and simplified Chinese to meet customer requirements.



cloudBuy has had requests from corporate and government bodies in the Middle East and Africa for spend analysis and marketplace solutions. Following two successful visits to the region it is clear that there are good opportunities in the Middle East with the potential for a live project in the second half. Oracle has a major footprint across public and private sector organisations in the Middle East and in response to the projects identified the Company has become an Oracle Gold Partner, in order to better service these opportunities. cloudBuy also has unsolicited live opportunities in North America, which remains a focus for the future.


Social Care


During the period the Company secured a number of contract wins in Social Care with 'thought leading' councils and has now established itself as a market leader in this rapidly growing segment, where over 80% of the available market has yet to choose a solution. In tandem, the NHS is implementing personal health budgets and cloudBuy has built on its existing relationship with NHS Shared Business Services to offer the 211 Clinical Commissioning Groups (CCGs) a solution, with a potential market value of 5 million people at £60 each per annum. cloudBuy are the only eMarketplace provider that is accredited by the NHS to hold patient data, and already integrated into NHS SBS giving the company a competitive advantage.


Health Minister Dr Daniel Poulter MP recently commended cloudBuy's work with NHS Shared Business Services at the Local Government Association Conference and the Company subsequently received strong interest from delegates at the conference into the joint national solution for local authorities with Northamptonshire County Council and The Grass Roots Group PLC. The projected revenues from this partnership are up to £1 million per annum to cloudBuy per local authority.. With over 90 authorities yet to choose a solution this represents a major opportunity for the Company.



Health

The NHS has now created its new procurement strategy and Health Minister Dr Daniel Poulter MP pointed out to delegates at the Local Government Association Conference that cloudBuy is expert in this area, has an existing contract with NHS Shared Business Service that can be used immediately and can actively help the NHS achieve its efficiency targets. cloudBuy and NHS Shared Business Service have already identified over £2 billion in annual savings for the NHS. NHS progress towards action has continued with the recent price benchmarking website launched by Dr Daniel Poulter MP on 22 July, which increases the opportunity to select cloudBuy's ready-made solution.



Ronald Duncan, Executive Chairman, commented: "We are pleased with the progress made in the first half of the year. The new team has bedded in and is driving increasing numbers of new prospects. The scale of each of our current opportunities gives me the confidence that we have three ways to achieve our 2-4 year objective of £50m revenue at 90% margin, and organisationally we are focused on the actions we need to undertake to ensure that we deliver on this objective. We have made the transition to a transactional charging model with our new prospects, which longer term will drive larger and more sustainable revenues than our traditional licence model. The economies of Asia Pacific and the Middle East are very strong and there is a clear appetite for our solutions, coupled with a limited installed base of existing solutions. It is always difficult to establish the first live project in a new business area or geography but we have achieved this with live clients in Asia Pacific to give confidence to our prospects, we anticipate faster closure across the pipeline."



Notice of Results



The Company expects to announce its interim results for the six months ended 30 June 2014 on 21 August 2014.

Fantastic, First of many ....



cloudBuy, the cloud eCommerce marketplace, has won a contract with an Australian state government to provide an eprocurement marketplace.

Phase 1 will be to implement an end to end electronic procurement marketplace for the Treasury department and all IT purchasing. An implementation fee has been agreed and ongoing cloudBuy revenues will be derived via a transactional charge, calculated as a percentage of the value of spend. Based on the current procurement card spend, it is estimated that this could generate a fee of approximately A$900,000 per annum which could in due course rise to a maximum of A$7.2m per annum.

The initial contract, which is for a minimum period of 6 months, covers the implementation and delivery of the Software as a Service cloudBuy eMarketplace solution and support of the onboarding process of 20 key Treasury and ICT suppliers for phase 1 of the state's shared service deployment. The marketplace will integrate with the State's SAP enterprise platform, enabling electronic invoicing and purchase orders.



Story provided by StockMarketWire.com

4 Aug Westhouse... 100.00 Buy

SMALL CAP MOVERS: Cloudbuy finds silver lining down under while mining companies in the doghouse after a tough week



http://www.dailymail.co.uk/money/markets/article-2725971/SMALL-CAP.html

cloudBuy enlarges footprint in Middle East

By John Harrington

August 18 2014, 7:37am
cloudBuy enlarges footprint in Middle East

Cloud e-commerce marketplace operator cloudBuy (LON:CBUY) has signed a deal aimed at expanding its presence in the Middle East.

It has signed a partnership deal with DUC Consulting International, an information technology consultancy practice that has a strong network of contacts across the Middle East and North Africa.

"With the DUC Consulting International partnership, we can quickly expand cloudBuy operations throughout the Middle East meeting prospects from large corporate, governments and industry organisations, which will follow up our activities with UKTI and Visa," said Ronald Duncan, chairman of cloudBuy.

Dr Usman Zafar, chief executive officer of DUC Consulting, said the deal represented an important addition to the portfolio of products DUC represents.

Approved supplier for the LASA framework

RNS


RNS Number : 4490P

Cloudbuy PLC

19 August 2014






19 August 2014



cloudBuy plc

("cloudBuy" or the "Company")



cloudBuy named approved supplier for the UK Government LASA framework



cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, has been appointed to the Local Authority Software Applications (LASA) framework. The four-year framework will replace the current Local Government Software Application Solutions (LGSAS) framework, which came to an end in July 2014.



The market for software as a service for local government is currently worth around £500 million per year and the bulk of these services are expected to be provided through the LASA framework.



The framework will be complementary to the G-Cloud framework. Whereas G-Cloud services are commodity-based with contract lengths up to a maximum of two years, LASA contracts will be business-critical and have contract lengths of more than three years.



cloudBuy has been approved as a provider for 3 lots:



· Lot 2 - Payment Processing & Cash Receipting systems

· Lot 5 - Housing and Property systems

o Business area: E-Marketplaces for materials or services relating to maintenance

· Lot 6 - Social Care systems

o Business area: Social Care e-Marketplaces



Ronald Duncan, Chairman of cloudBuy commented: "We are pleased to have been awarded a place on this framework. Increasingly, public sector is turning to software as a service and LASA replaces a well used framework. This award also recognises our payment processing capability, which allied to our ecommerce and emarketplace solutions, gives us a competitive advantage

Half Yearly Report

Key Points

Financial
· Spend Analysis and Procurement billings up by 143% to £1,256,740 (2013: £516,517)

· Overall billings up by 50% to £1,767,076 (2013: £1,178,594)

· Margin increased to 87% (2013: 83%)

· Ecommerce revenue up by 25% to £1,072,000 (2013: £860,000)

· Revenue increased by 7% to £1,467,000 (2013: £1,375,000)

· Gross profit up 11% to £1,272,032 (2013: £1,145,000)

· Operating costs increased by 97% to £2,681,000 (2013: £1,362,000)

· Loss increased to £1,621,000 (2013: £301,000)

· Trade and other receivables increased to £1,918,000 (2013: £425,000)

· Cash at 30 June increased to £2,300,000 (2013: overdraft of £91,000)

Net Assets increased to £3,452,000 (2013: net liabilities of £96,000)



Operational

· Strong international progress supported by enlarged global team

o First Indian contract win in the world's fastest growing ecommerce market

o Post-period end, Australian contract win initially worth AUD$900k per annum which could rise in due course to maximum of AUD$7.2m per annum

o First Framework agreement in Australia - Queensland local government accelerating sales

o Large pipeline of major opportunities

· Achieved Oracle Gold Partner status, accelerating our opportunities with those organisations using Oracle (and providing an Oracle-cloudBuy equivalent to SAP-Ariba)

· UK progress

o Recognised as a supplier for the UK Government's G-Cloud 5 Framework

o Recognised as a supplier for the UK Government's Local Authority Framework

· Care Act progress

o Publicly commended by Health Minister Dr Daniel Poulter MP

o Awarded a Care Marketplace contract by Staffordshire Country Council

o Contract win with Northamptonshire County Council in conjunction with Grass Roots Group PLC using our new percentage-of-spend revenue model.

Good article on the graph and 80p target on YouTube, search CBuy. It's the first entitled Directors Talk

Extension to contract with Visa

RNS


RNS Number : 5712R

Cloudbuy PLC

15 September 2014






15 September 2014



cloudBuy plc

("cloudBuy" or the "Company")



Extension to contract with Visa Worldwide Pte. Limited



cloudBuy plc (AIM: CBUY), the cloud eCommerce marketplace, is pleased to announce an extension to its contract with Visa Asia Pacific. The term of this new agreement is for 5 years and extends the scope of services that can be procured to cover the electronic marketplace, pre sales support, project management and SpendInsight services in the Asia Pacific region.

Ronald Duncan, Chairman of cloudBuy commented: "Following our Australian contract win and progress in Asia Pacific, we are delighted to have signed an extension to our contract with Visa which widens the scope of work that we can undertake and extends the agreement for a further 5 years. We believe this has the potential to transform our business over the next 5 years."

India Contract Win

RNS


RNS Number : 9591S

Cloudbuy PLC

30 September 2014




30 September 2014

cloudBuy plc

("cloudBuy" or the "Company")



India Contract Win



cloudBuy plc (AIM: CBUY), the cloud ecommerce marketplace, is pleased to announce that it has agreed an MOU with SYNISE to provide both a B2B marketplace and a Source India project in support of the India Government's "Make in India" Campaign.



SYNISE is a leading procurement service provider in India, part of the $ 2.5 billion turnover Kalyani group, which provides outsourced procurement services to 80 large Indian corporates and their 15,000 suppliers. cloudBuy is providing the technology under the agreement and SYNISE the procurement services. It is expected that the cloudBuy revenues generated under the MOU will be a small percentage of the value flowing through the markertplace. SYNISE anticipates that its customers could transact up to US $2 billion per year.



Ashok Dani, CEO of SYNISE commented: "The Gulf states are India's largest trading partner and we have the largest group of vetted high quality Indian suppliers. We believe there is immense potential in providing these suppliers with B2B ecommerce so that they can easily export to the world, at the same time as making their Indian business more efficient."



Ronald Duncan, Chairman of cloudBuy commented: "Having come directly from meetings in the United Arab Emirates where we have opportunities that are a perfect synergy with the "Make in India" campaign, it was great to immediately finalise a deal that will support Indian exports to the Middle East."

Launch of B2B eMarketplace for British SMEs

RNS


RNS Number : 1786U

Cloudbuy PLC

14 October 2014






14 October 2014

cloudBuy plc

("cloudBuy" or the "Company")



Marketplace Launch





cloudBuy & Apsiz launch B2B eMarketplace for British SMEs





London, 14 October 2014 - cloudBuy plc, the world's leading transactional cloud platform, and Apsiz Services Ltd, consultants in procurement, are pleased to announce the launch of UK PLC, the first British B2B eMarketplace specifically developed for small and medium-sized businesses. The marketplace is open to all buyers at no cost, with invited suppliers paying a transaction fee of between 2% and 5%.



UK PLC connects SMEs with quality British suppliers through a B2B marketplace which allows them to benefit from the same levels of efficiency and savings as much larger companies. Apsiz is constantly benchmarking for best value and has negotiated preferential rates from its trusted suppliers. Apsiz was set up by David Sheilds, former Managing Director of the UK Government Procurement Service, and he and his team bring their specialist knowledge and experience to the joint solution.



Ronald Duncan, Chairman and CIO of cloudBuy commented, "It has been clear to us, looking at our eProcurement buyers contracted prices, that SMEs get a raw deal when they buy for their businesses despite their massive buying power. This partnership brings together cloudBuy's easy to use technology and Apzis procurement expertise, to provide a 'one stop shop' for business purchases."



"Having established our own procurement consultancy we know first-hand just how time-consuming it is as an SME to trawl through a myriad of websites to find the best value goods and services," added David Shields, CEO of Apsiz. Our suppliers have been carefully selected by procurement professionals with extensive experience of sourcing across all purchasing categories, ensuring that good quality and value are the foundation of UK PLC."



For more information on UK PLC, please visit www.ukplc.biz





ENDS

Update on the Peak Performance Tour

RNS


RNS Number : 8197U

Cloudbuy PLC

21 October 2014






cloudBuy plc

("cloudBuy" or the "Company")

Update on the Peak Performance Tour



London, 21 October 2014 - cloudBuy plc the world's leading transactional cloud platform, is pleased to provide an update as a result of the current Peak Performance tour of the Middle East and Asia Pacific Regions. The events, which were run in conjunction with UKTI positioned cloudBuy as a potential market leader in the following areas: Emirates, India, Singapore, Australia, New Zealand and Hong Kong.


The events built upon the PR gained in the regions from the deals that have already been agreed in Australia, India and Hong Kong. There is a potential $5,000 per supplier, per annum for these agreed and announced deals. During the trip Ronald Duncan and his local team members have been closing additional opportunities in Australia, Singapore and in India with Synise and other prospects. The final event of the tour was yesterday in Dubai where there was good interest in the cloudBuy solution set.


The focus has been on prospects with large numbers of transactions and suppliers. The opportunities give access to an additional 20,000 suppliers and up to $2bn of transactional revenue for which the Company have agreed transaction fees ranging from 2%- 5%.


Ronald Duncan, Chairman and CIO of cloudBuy commented, "We have had genuine interest in the different geographies and all of the delegates and prospects that I have met with are facing similar challenges. There is real appetite for technology and especially in India and the Middle East the speed of market development is tangible, with a sense of excitement that the West hasn't felt since the dot.com boom. This trip has confirmed for me the opportunity available to the Company; we have appropriate mature technology and the potential to become a major player in these emerging markets

Hong Kong contract signed

RNS


RNS Number : 9138V

Cloudbuy PLC

03 November 2014




3 November 2014

cloudBuy plc

("cloudBuy" or the "Company")

Hong Kong contract signed increasing number of suppliers to approximately 8,500

Further to its announcement of 2 October 2014, cloudBuy (AIM: CBUY), the cloud eCommerce marketplace, announces that the three year contract in Hong Kong with a global Financial Institution (the "FI") to provide an FI branded eCommerce marketplace available via desktop, tablet and mobile app has now been signed. In its announcement of 2 October, the Company stated that the marketplace would be populated with the FI's existing Hong Kong merchant community comprising circa 3,000 B2B suppliers; this has now been increased to approximately 8,500 suppliers for the first phase implementation in Hong Kong prior to expansion to the rest of the Asia Pacific region


Ronald Duncan, Chairman of cloudBuy plc, commented: "The Company previously had four potential routes to reach its short term target of £50 million revenue pa; this contract in Hong Kong, plus the SYNISE deal together can deliver USD$150 - $200 million revenue per annum alone.

We have managed to step up our contract size to this new level and we have a number of similar sized opportunities in the pipeline.

CloudBuy's deal

StockMarketWire.com

CloudBuy has signed an agreement with the Confederation of Indian Industry (CII) to develop a global trading platform. The platform will support the trading activities of the 7,000-plus CII members globally and within India.

The CII members are predominately large manufacturers and this new platform will allow them to utilise cloudBuy's B2B ecommerce and provide a global platform to facilitate their trading.

The new service will be rolled out through CII's 60+ branches which will provide support and onboarding services to their members.

The service will be chargeable to members and will include website and transactional revenues.

Sujith Haridas, Deputy Director General of CII, commented:

"This is a very exciting initiative for us and our members. India is one of the world's fastest growing economies and manufacturing is a key component of this. The new platform will accelerate this growth."

Meanwhile, Ronald Duncan, Chairman of cloudBuy said:

"The Confederation of Indian Industry (CII) is one of the most respected bodies in Indian business and I'm delighted that they have chosen cloudBuy as their platform for this important initiative.

Manufacturing and its supply chain is a major part of the rapidly growing $2 trillion Indian economy and based on our agreements to date we expect India to make a significant contribution to our future revenues as we support the Make In India campaign. Following the signing of today's agreement, over the course of the next 3 years, assuming a 10% take up of our current Indian agreements would result in $20m of annual revenues to cloudBuy."

At 10:36am: (LON:CBUY) Cloudbuy share price was +3.25p at 32.75p

Maybe worth a punt @15p.

Hmmm - something the weekend press maybe?

DC - do you still follow these?

No skinny, sadly gone down hill from when I introduced the thread in Jan 14. Was you going to ask something ?



Preliminary Results
RNS
RNS Number : 7840I
Cloudbuy PLC
30 March 2015

30 March 2015

cloudBuy plc

("cloudBuy" or the "Company")

Unaudited Preliminary Results for the year ended 31 December 2014

cloudBuy plc (AIM: CBUY), the cloud e-commerce marketplace, today announces is unaudited preliminary results for the year ended 31 December 2014.

Key Points

Financial:

· Turnover decreased by 29% to £2.124m (2013: £3.004m)

· Operating expenses before share based payments increased to £5.867m (2013: £3.274m) reflecting the increase in costs associated with the launch in Asia Pacific and strengthening of the team resulting in already signed contracts worth
USD$25m per year on a low 10% take-up. $75m at 30%, $150m at 60% take-up of a potential $250m per year at 70% margin

· Cash and cash equivalents increased to £4.546m (2013: £4.157m) as at 31 December, 2014



Operational:

· Successful placing to raise £4.3 million (before costs) in October, 2014

· Exclusive agreement with Visa Worldwide Pty. Limited (Asia Pacific) extended to 5 years with a widened scope of service

· Working with 14 banks across US, Europe, India, Singapore, Hong Kong and Australia

· Spend Analysed increased by 50% from $500 billion to $750 billion with a further $ 750 billion in Tungsten for a total of $ 1.5 trillion analysed across cloudBuy and Tungsten

· Refocusing of Group's activities in fast growing Asia Pacific region

· Agreement with a financial institution in Hong Kong to develop a marketplace

· Agreement with Confederation of Indian Industry to develop a global trading marketplace

· Agreement with a trade association in Singapore to develop a marketplace (post year end)

· Procurement contract wins in India with SYNISE and in Australia with a State Government

· Launch of @UK Marketplace, the first British B2B e-marketplace for SMEs

· Launch of breeze-e and Staffordshire County Council care marketplaces

· All party support for Care and our national solution for NHS patient budgets with NHS Shared Business Services

· Post year end, entry into the strategic US market with reference site, major commercial partner and banking partner



Ronald Duncan, Executive Chairman of cloudBuy, commented:

"2014 saw significant investment in both our technology and international expansion and we expect these to deliver a step change in our 2015 results as our signed contracts go live and start generating revenues. Entering 2014 our pipeline was, to a large extent, reliant on UK public sector and large procurement opportunities in Australia, which have proved to move slowly.

We have focused on the delivery of our international expansion at the expense of short term UK and professional services revenues. In 2014, we have not recognised any of the investment in either our products or our partnerships. We expect £1m of partnership investments to be recognised in 2015 as the revenues come on stream.

The fast growing Asian market required an enhanced product in the form of "marketplace in a box" which we have now developed. We expect our customers to launch shortly in Hong Kong, Singapore and India, giving us a USD$25m per year revenue opportunity based on a low 10% take-up from the contracts signed to date.

Our agreement with Visa has been extended with both a 5 year agreement and a widened scope of service. 14 banks across the US, Europe and the Asia Pacific are now promoting our products and services, giving us a strong presence in the most active e-commerce markets."

Nothing in particular - I noticed their fall from grace and the fact that Westhouse Securities have resumed their coverage today and maintained a TP of 100p.

Found this skinny, looks like some high costs in the past.


cloudBuy invests to exploit its trump card

By John Harrington

March 30 2015, 7:45am
'Visa has also been introducing cloudBuy to banks across the different geographies and, largely driven by this, we now have 14 major banks introducing our cloudBuy products to customers (up from just 1 in 2013),' chairman Ronald Duncan said.
"Visa has also been introducing cloudBuy to banks across the different geographies and, largely driven by this, we now have 14 major banks introducing our cloudBuy products to customers (up from just 1 in 2013)," chairman Ronald Duncan said.


Last year was one of significant investment in technology and international expansion for e-commerce marketplace operator cloudBuy (LON:CBUY).

As a succession of contract wins announced recently indicates, cloudBuy has been focused on penetrating new markets at the expense of short-term growth in its traditional core markets of the UK public sector and the e-procurement market in Australia.

The results for 2014 do not reflect the results of these efforts, but chairman Ronald Duncan said the company expects £1mln of partnership investments to be recognised in the current year as revenues come on stream.

That should make a significant difference to the top line, given that revenue in 2014 was £2.12mln, down from £3.00mln in 2013.

Operating expenses before share-based payments increased to £5.87mln from £3.27mln in 2013, reflecting the increase in costs associated with the launch in Asia Pacific and the strengthening of the sales team.

The results of the sales push in Asia have been encouraging, and to date high profile marketplaces have been signed in Hong Kong, Singapore and India.

"These marketplaces are now beginning to generate their first revenues and our task in 2015 is to exploit this growth with sales and delivery teams, to generate further revenues," Duncan said.

The beefing up of the team led to an increase in administrative expenses, which rose to £5.87mln in 2014 from £3.27mln, contributing to a wider loss before tax of £4.63mln versus a loss the year before of £936,417.

The company is not proposing a dividend, but plans to adopt a progressive dividend in the future when the time is right.

Cash and cash equivalents increased to £4.55mln at the end of 2014 from £4.16mln a year earlier, following a successful placing in October to raise £4.3mln.

"The fast growing Asian market required an enhanced product in the form of 'marketplace in a box', which we have now developed. We expect our customers to launch shortly in Hong Kong, Singapore and India, giving us a USD$25mln per year revenue opportunity based on a low 10% take-up from the contracts signed to date," Duncan revealed.

The company's partnership with credit card leviathan Visa in Asia-Pacific remains a trump card for the company.

cloudBuy's solutions support the P2P (Procure to Pay) and Spend Management elements of Visa's push to accelerate e-commerce adoption in economies such as Hong Kong and Singapore.

"Our agreement with Visa has been extended with both a 5 year agreement and a widened scope of service. 14 banks across the US, Europe and the Asia Pacific are now promoting our products and services, giving us a strong presence in the most active e-commerce markets," Duncan said.
//////////////////////////////////////////////////////////////////////////////////////////////////

Westhouse analysts gave a 'buy' recommendation as they said cloudBuy "sacrificed sales in 2014, as it invested in the infrastructure required to deliver on the substantial opportunities resulting from the enhanced tie-up with Visa".

Yes thanks - I read that earlier when doing some trawling - I'll watch them for now, so they should rise!

Humph! up 17.5%!

Just to rub it in, closed up 20.24%. You said they would rise skinny. :-))

Launch of Confederation of Indian Industry (CII) e-commerce marketplace

On 5 December 2014, cloudBuy announced that it had signed an agreement with the CII to develop a global trading platform. cloudBuy is pleased to announce that the CII e-commerce marketplace is scheduled to be launched at the Global Exhibition on Services in New Delhi on 24 April 2015.

CII has over 7,000 member organisations and the Company is working to roll out a channel partner strategy, which will provide the resources to reach out to the CII members to enable them to go live on the marketplace and to up-sell trading websites to them. cloudBuy will generate revenues from transaction fees for orders placed through the marketplace and from the opportunity to upsell e-commerce websites to these member organisations.

In the run up to the launch, the Company has been working with a number of smaller Indian suppliers to build their e-commerce websites. To date, the Company has orders from 5 such companies with an average value of £5,000 each over a 3 year period.

In addition, cloudBuy has secured a 3 year contract to provide a purchasing portal to a large Indian construction company. The baseline revenues from this portal are £40k each year over 3 years, plus a small % of the value of the transactions passing through the portal.

And again - Humph! up 14.8%!

30 Mar Westhouse... 100.00 Buy

Watch them go to 100p just to rub your nose in it. lol

I'm an expert in this sort of (missing the) trade!

Spend your money on easter eggs instead. They may well of gone the other way on your purchase. :-))

Oh up another 17.50% skinny.

Yesterday was the lowest 18.875p, today was an early rise and then 3X1M trades, that made a few looking for cheap stock and a further rise to 20p

RNS just now
cloudBuy plc
Further re Director dealing

Further to the Company's announcements of 12 November 2014 and 27 November 2014, Ronald Duncan, Chairman of the Company, has notified the Company that he has agreed with Equities First Holdings LLC ("EFH") to provide cash cover to satisfy today's margin call event due to the average closing share price of the Company over the past 3 business days falling below 19.57p. The share sale and repurchase agreement between EFH, Mr Duncan and the Company dated 27 October 2014 remains in effect and Mr Duncan's interests in the Company's issued share capital are unchanged by the margin call event.

RESUME of past news

New investor - 23 July 2015

cloudBuy plc also announces that Roberto M. Sella and affiliates has become a significant investor in the Company. Mr Sella has entered into a subscription agreement effective 23 July 2015 with the Company under which he is subscribing for 5,000,000 new shares at 20p for a total consideration of GBP1 million (the "Subscription").

As a result of the Subscription and market purchases announced on 22 July 2015, Mr Sella is the beneficial owner of 10,675,000 shares, representing 8.3% of the issued share capital.

Roberto M. Sella is an accredited USA investor who is investing on a personal basis. He is Managing Member of LL Funds LLC with $1.5bn under management and is a former Managing Director at Morgan Stanley.

Application will be made for the admission to trading on AIM ("Admission") of the 5,000,000 Shares detailed above, and Admission is expected to occur on 29 July 2015.
----------------
INDIA POISED TO FLOOD NEW EPROCUREMENT PORTA

8:11 AM EDT August 19th, 2015

Cloud-based eProcurement firm cloudBuy is anticipating high volume over its platform from India businesses — to the tune of billions of dollars. Reports published in The Economic Times of India on Tuesday (Aug. 18) said the U.K.-based company expects between $3 billion and $5 billion worth of B2B transactions in the near future stemming from businesses in the Asian country.

According to reports, cloudBuy has seen significant interest from corporations in India, both from members of the Confederation of Indian Industry (CII) and elsewhere. The CII and cloudBuy recent struck a collaboration to launch a B2B eCommerce portal in India in an effort to strengthen global trade.

“We at cloudBuy expect transactions worth $3–5 billion on this platform in the near term based on the initial response not only from the CII members but also from the non-member trade community,” said cloudBuy India Head Nilesh Gopali in a statement to the publication.

The CII currently includes about 8,000 members, reports said, and together these businesses account for about $80 billion in annual revenue. CII’s partnership with cloudBuy provides these companies a portal through which buyers and sellers can connect and transact thanks to several online B2B marketplaces powered by cloudBuy technology.

The service’s popularity could be attributed to its ability to serve India’s businesses like consumers, according to Gopali.

“Unlike a B2C online place, corporate purchases are done in a controlled environment without compromising on their ERP solutions,” Gopali said. “We have received enquiries from several large Indian corporates to establish a secured façade or solution between their ERP and a B2B online marketplace to provide a dynamic B2C-style experience to meet their procurement needs.”

According to Gopali, Indian corporations can save significant funds by conducting their procurement online. The nation’s manufacturers alone could increase operating profits by up to 20 percent, he added, if each saved just 5 percent through eProcurement methods.

hTTp://www.pymnts.com/news/b2b-payments/2015/india-poised-to-flood-new-eprocurement-portal/#.VdUCpPlViko
-------------

Rising this morning, though some are already taking their profits (joke)

Roberto M. Sella and Affiliates

increased by 1M ( one of yesterday's 1M )
before 10.675.000 - 8.3%
after 11.675.000 - 9.09%

They could receive the 4.5m comp under their contract with Aus govt

From the CBUY web side today

cloudBuy Share Information (as at 12th October 2015)

Ordinary shares of 1p each	128,386,510	100%
Insofar as the Directors are aware the percentage of shares not in public hands and details of significant shareholders are as follows:
Percentage of shares not in public hands:	28.09%

Substantial shareholdings

As at 14th October 2015 the Company had been notified under the Disclosure and Transparency Rules of the following interests of 3% or more in its issued share capital:

RJ Duncan & HL Duncan	18,487,981*	15.0%
Roberto M. Sella	12,800,000	9.97%
Majedie Asset Management	5,700,000	4.44%
DJ Holloway	8,842,181	4.37%
ML Pasternak	6,350,000	5.24%
Herald Investment Management	4,994,986	4.12%

* The interests shown for RJ and HL Duncan include a joint holding in 14,783,404 shares

http://investor.cloudbuy.com/investor-information.html note - just noticed..............DJ Holloway - 8,842,181 - 4.37% wrong should be 6.88%

8.375p + 1.25 (+17.54%)

has been motoring today VOLUME + RISING = BULLISH

The RNS of Majedie down to 5.7M and 4.4% today was from the 12th, as on the last couple days the volume has been high, the market hope that the seller is gone by now or not many left.

Latest chart

needs to break for an easy ride to previous high prices

Today was a day of action on the stock, volume rise and BREAKOUT on a nice BOWL chart TA

That was my thoughts earlier @ 7.875p

8.875p + 0.625 (+7.58%)

Going places now, Mms moving prices up on any small buys
reason: got their book empty yesterday after such a large trades and now moving accordingly to demand and supply an as supply is in short the only way is UP

That's a trade, 2 on the bid for 1 at offer and on a narrow spread, some paying premium also 9.045 offer 9p

09:58:44
8.95p
120,183K

Lets go an have fun the rise have just started

Hotting up on the level 2

Peeel on the bid the others at offer do not do any deals

PEEL bought one MM out of the offer CFEP, buying 50K from them and moving to 9.50p bid as well as 2MMs at offer ( not doing trades as said before same price as opening) 9.50 v 9.50p

back to high of the day

an once they got tired on waiting for sells and instead got more buys, PEEL gave up and already moved to bid side.

Has move higher again as the bid goes to 9.75p and share price 9.875p and that is +19.70% for the day
The FTSE is 110 points DOWN

Another good run for the stock on Uptrend now 11.25p

Now where from here after several good days .

Sold @ 11p and 10.9369p below offer ( 11p ) cuz was above market size