Loopup Group (LOOP)

Sector:

IT Services

Index:

FTSE AIM All-Share

 38.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 240.00
  • 52 Week Low: 37.00
  • Currency: UK Pounds
  • Shares Issued: 55.44m
  • Volume: 71,875
  • Market Cap: £21.07m

LoopUp launches new virtual meeting room product

By Josh White

Date: Wednesday 21 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Cloud communications provider LoopUp Group announced the launch of LoopUp Rooms on Wednesday, which it said would combine its premium remote meeting solution with off-the-shelf hardware, creating "plug-and-play" video conferencing suites.
The AIM-traded firm explained that, as businesses saw an increase in remote and hybrid working, demand was growing for collaborative spaces that allowed employees to communicate "securely and productively" with clients and colleagues.

It said that, until recently, video suites had often been expensive to install, complex to use and inaccessible to many employees.

By contrast, it described LoopUp Rooms as a plug-and-play solution that could be set up in minutes and used off-the-shelf hardware, being a display screen, a "high-quality" camera, a mini-PC, a touch-screen controller and a conference room phone.

Users would join meetings with one touch from a touch-screen controller, which then used the high quality video and display of the room's screen and camera, and managed quality-of-service audio of the room's speaker phone.

Users could reserve the meeting room directly from Microsoft Outlook, which added their LoopUp meeting details to the calendar on the room's touch-screen controller.

"With remote and distributed working now the new normal for many, a growing number of meetings are taking place by video conference," said co-chief executive officers Steve Flavell and Michael Hughes in a joint statement.

"Businesses need more meeting rooms equipped with technology for employees to collaborate effectively and comfortably with clients and colleagues.

"We're facilitating this by making premium video conferencing suites more cost competitive, accessible and intuitive for users without having to call upon IT for assistance."

At 1016 BST, shares in LoopUp Group were down 0.44% at 226.5p.

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Loopup Group Market Data

Currency UK Pounds
Share Price 38.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 240.00
52 Week Low 37.00
Volume 71,875
Shares Issued 55.44m
Market Cap £21.07m

Loopup Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.56% above the market average87.56% above the market average87.56% above the market average87.56% above the market average87.56% above the market average
89.13% above the sector average89.13% above the sector average89.13% above the sector average89.13% above the sector average89.13% above the sector average
Price Trend
95.47% below the market average95.47% below the market average95.47% below the market average95.47% below the market average95.47% below the market average
92.66% below the sector average92.66% below the sector average92.66% below the sector average92.66% below the sector average92.66% below the sector average
Income Not Available
Growth
49.22% above the market average49.22% above the market average49.22% above the market average49.22% above the market average49.22% above the market average
40.21% above the sector average40.21% above the sector average40.21% above the sector average40.21% above the sector average40.21% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Loopup Group Dividends

No dividends found

Trades for 24-Sep-2021

Time Volume / Share Price
16:29 874 @ 37.65p
15:02 2,652 @ 37.70p
14:33 3,186 @ 37.10p
14:01 18,905 @ 37.20p
10:55 6,596 @ 37.90p

Loopup Group Key Personnel

CEO Steve Flavell
CEO Michael Hughes
CFO Simon Healey

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