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LoopUp Group PLC targeting a 'huge market' says Flavell

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

Quick facts: LoopUp Group PLC

Price: 68 GBX

AIM:LOOP
Market: AIM
Market Cap: £37.57 m
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LoopUp enjoying strong start to second half with major new contract wins

Steve Flavell, co-chief executive of LoopUp Group PLC (LON:LOOP) caught up with Proactive to discuss the remote meetings technology firm's first half results. The AIM-quoted company saw underlying earnings (EBITDA) almost double to £1.6mln (H1 2016: £0.9mln), thanks in part to an improved...

on 6/9/17

2 min read