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/

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.
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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.