TIDMCBUY

RNS Number : 6926J

Cloudbuy PLC

21 August 2019

 
   21 August 2019 
 

cloudBuy plc

("cloudBuy" or the "Company")

Interim Results for the six months ended 30 June 2019

cloudBuy plc (AIM: CBUY), the global provider of cloud-based ecommerce marketplaces and B2B buyer and supplier solutions, today announces its unaudited interim results for the six months ended 30 June 2019.

Key Points

Operational

-- We have seen an increase in the number of CCG's joining PHBChoices over the first half and this has accelerated in July and August with a related increase in the numbers of PHB holders now using the system

-- We have developed a pipeline of additional eprocurement and digital prospects assisted by our presence on G-Cloud 11

-- The Company Formations business was successfully sold resulting in cash receipts of GBP279K. This transaction continues our strategy of simplification, allowing us to focus on our growth sectors.

Financial

-- Commentary is based on the Continuing Business which excludes the results of the Company Formations business for all periods.

-- Revenue of GBP538K was an improvement of 11% (2018: GBP485K), as a result of an increase in revenue from PHBChoices.

-- Our existing ecommerce and eprocurement customers continue to produce revenue and provide opportunities for growth, this is partially offset by the continuing reduction in revenue from legacy customers.

-- Administrative expenses, excluding share based payments, decreased by 15% to GBP1,174K (2018: GBP1,374K), as a result of continuing tight control of costs in the business

-- Operating loss, excluding share based payments was reduced by 28% to GBP652,000 (2018: GBP924K). Including share based payments, operating loss was reduced by 30%.

-- Net cash outflow from continuing operations including capital expenditure was reduced to GBP675Km (2018, net cash outflow: GBP874K), a reduction of 23%.

   --    New investment of GBP500,000 from Roberto Sella in March 2019 (2018 GBPnil). 

-- Cash and cash equivalents reduced to GBP1,031K at 30 June 2019 (30 June 2018: GBP1,605K, 31 December 2018 GBP791K)

Ronald Duncan, Executive Chairman and CIO of cloudBuy, commented,

"We have made progress in the first half of the year, with an increase in core revenue and a continuing focus on cash management and cost reduction. PHBChoices has contributed to the revenue increase and revenue from this area is growing. There is evidence that CCG's are under pressure to deliver more PHB's and increasingly they are reaching out to PHBChoices for a solution.

Our existing customer base continues to provide consistent revenue and we have a number of opportunities for additional revenue growth from this group. In Canada the success of York District School Board's roll out of the eprocurement system has resulted in a second school board taking up the solution, as well as interest from other boards. There are 70 boards in Ontario that can use the solution under the terms of the procurement, and we are engaging with a Canadian reseller to pursue these opportunities.

Following the publication of G-Cloud 11 we have generated a number of enquiries about our solutions from a range of different UK public sector prospects, this has produced an early stage pipeline of opportunities. The opportunities cover eprocurement as well as digital citizen engagement specifically for Local Government organisations.

We received further investment from Roberto Sella in March 2019, and we appreciate his continuing commitment to the business."

For further information, please contact:

 
  cloudBuy plc 
 
   David Gibbon, CFO & COO                             Tel: 0118 963 7000 
 
  Arden Partners plc - NOMAD and broker              Tel: 020 7614 5900 
  Paul Shackleton/ Daniel Gee-Summons - Corporate 
   Finance 
  Simon Johnson - Corporate Broking 
 

About cloudBuy plc

cloudBuy, (AIM: CBUY), provides cloud solutions for buyers and sellers - and brings them together to trade securely and ethically via an increasing number of public e-marketplaces and private purchasing portals around the world, powered by cloudBuy ecommerce technology.

cloudBuy solutions for buyers help B2B purchasers understand and control their spend, to reduce costs and increase value. Our cloudSell solutions enable sellers of all sizes, from start-ups to corporates, reach new customers and grow their business.

cloudBuy's technology platform powers web sites, public marketplaces and private purchasing portals that enable all types of online interactions and relationships including, citizen and business to government; consumer to business; and business to business.

For more information visit: www.cloudbuy.com

CHAIRMAN'S STATEMENT

Revenue

We continue to focus on our key projects.

PHBChoices

This remains the main growth driver in the business. During the first half of 2019, there has been a demonstrable increase in interest from CCG's as the requirement for personalisation in care has been driven by NHS England. The NHS Long Term Plan was published in January and this strengthened the commitment to personalisation, Personal Health Budgets are a key method of increasing personalisation through patient choice.

The PHBChoices product has continued to be enhanced. To date, we are not aware of a competing product which shows the same benefits as PHBChoices including cost savings, greater visibility of spend, financial control and patient data security.

United Overseas Bank in Singapore

This project in Singapore continues to generate SaaS licence fees and revenue from paid enhancements to the system. A Chinese language version is due to be completed in the second half of 2019.

Ontario School Boards

Our project with the York Region District School Board in Ontario is live and producing ongoing SaaS licence revenue. Revenue from transaction fees is small but growing. The project with Waterloo Catholic District School Board has commenced and is expected to go live in early 2020. There is the prospect for further school Boards through our new sales partner.

HealthShare New South Wales

This project in Australia has successfully completed its 3 year contract period. The contract has not been renewed so the second half will include lower revenue with no revenue in 2020.

University of Exeter

The system is live with ongoing SaaS licence fees and paid enhancements.

Other ecommerce customers

Our long term ecommerce customers continue to invest in cloudBuy products with our largest customer generating increased revenue in the first 7 months of the year.

Non-Strategic Legacy Contracts

Continuing the medium term trend, a number of our legacy UK public sector clients chose not to renew their contracts in H1 2019.

Financial Results

Commentary is based on the Continuing Business which excludes the results of the Company Formations business for all periods.

Revenue showed an increase of 11% with the reduction in legacy contract revenue being more than offset by an increase from PHBChoices.

As a result of the increase in revenue and a reduction in administrative expenses, operating loss, excluding share based payments was reduced by 28%.

Our operating cash outflow showed an improvement of 23%. Operating cash outflow was broadly in line with the operating loss.

Outlook

We expect revenue from PHBChoices to continue to grow in the second half and in 2020. Although at an early stage in the sales cycle, we are also seeing increasing interest in our product suite from UK public sector bodies where we can show demonstrable benefits based on existing and past customer projects.

It is expected that operating losses and cash outflows will continue to reduce during the remainder of 2019.

Ronald Duncan

Executive Chairman and CIO

20 August 2019

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

 
                                      Notes        6 months       6 months        Year ended 
                                                     to              to 
                                                    30 June        30 June           31 Dec 
                                                     2019           2018              2018 
                                                                (as restated)    (as restated) 
                                                  GBP'000        GBP'000           GBP'000 
 
 
Revenue from continuing operations        2             538               485              791 
Cost of sales                                          (26)              (35)             (59) 
------------------------------------  -----      ----------  ----------------  --------------- 
Gross Profit                                            512               450              732 
Administrative expenses                             (1,174)           (1,374)          (2,426) 
Share based payments                                   (17)              (54)             (72) 
------------------------------------  -----      ----------  ----------------  --------------- 
Operating loss                                        (679)             (978)          (1,767) 
Finance Income -interest received                         0                 0                1 
Finance costs                                         (296)             (289)            (601) 
------------------------------------  -----      ----------  ----------------  --------------- 
Loss on ordinary activity 
 before taxation                                      (975)           (1,267)          (2,366) 
Income tax credit                                         -                 -              124 
------------------------------------  -----      ----------  ----------------  --------------- 
Loss for the period from continuing 
 operations                                           (975)           (1,267)          (2,242) 
Profit for the period from 
 discontinued Operations                  4             291                20               49 
------------------------------------  -----      ----------  ----------------  --------------- 
Loss for the period                                   (684)           (1,247)          (2,193) 
Other comprehensive income                                -                 -                - 
 - item which will or may be 
 reclassified to profit and 
 loss 
Exchange (loss)/gain arising 
 on translation of foreign 
 operations                                             (2)               141              115 
------------------------------------  -----      ----------  ----------------  --------------- 
Total Comprehensive Income                            (686)           (1,106)          (2,077) 
------------------------------------  -----      ----------  ----------------  --------------- 
Loss per share - basic and 
 diluted from continuing operations                    0.7p              1.0p             1.7p 
 
 
 

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

 
                                                      Notes        30 June            30 June           31 Dec 
                                                                     2019               2018             2018 
----------------------------------------------------  ----- 
                                                                   GBP'000            GBP'000          GBP'000 
----------------------------------------------------  -----  -------------------  ---------------  --------------- 
Assets 
Non-current assets                                                             3                7                6 
Other intangible assets                                                       25               45               34 
Property, plant and equipment 
----------------------------------------------------  ----- 
                                                                              28               53               40 
----------------------------------------------------  -----  -------------------  --------------- 
Current Assets 
Trade and other receivables                                                  401              408              365 
Taxes recoverable                                                              -                -              124 
Cash and cash equivalents                                                  1,031            1,605              791 
----------------------------------------------------  ----- 
                                                                           1,432            2,013            1,280 
----------------------------------------------------  -----  -------------------  --------------- 
Total assets                                                               1,460            2,066            1,320 
----------------------------------------------------  -----  -------------------  ---------------  --------------- 
 
Liabilities 
Current liabilities 
Trade and other payables                                                 (1,628)          (1,220)          (1,319) 
                                                      -----  -------------------  ---------------  --------------- 
                                                                         (1,628)          (1,220)          (1,319) 
                                                      -----  -------------------  ---------------  --------------- 
Non-current liabilities 
Financial liabilities - borrowings                        5              (6,333)          (5,739)          (5,833) 
 
 
 
Total liabilities                                                        (7,961)          (6,959)          (7,152) 
----------------------------------------------------  ----- 
Total net (liabilities)/assets                                           (6,501)          (4,893)          (5,832) 
----------------------------------------------------  -----  -------------------  --------------- 
 
Shareholder's equity 
Called up share capital                                                    1,304            1,304            1,304 
Share premium account                                                      5,534            5,534            5,534 
Other reserve                                                              2,235            2,220            2,235 
Share based payment reserve                                                1,241            1,205            1,224 
Currency translation                                                        (81)             (53)             (79) 
Accumulated losses                                                      (16,734)         (15,104)         (16,050) 
----------------------------------------------------  ----- 
Total equity attributable to equity shareholders of 
 the parent                                                              (6,501)          (4,893)          (5,832) 
----------------------------------------------------  -----  -------------------  --------------- 
 

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

 
                                                             6 months to     6 months to        Year ended 
                                                                30 June         30 June            31 Dec 
                                                                 2019             2018              2018 
                                                                             (as restated)     (as restated) 
                                                               GBP'000         GBP'000           GBP'000 
  Cash flow from operating activities 
  Loss for the period (excluding Taxation)                      (684)          (1,247)           (2,193) 
  Adjustments for: 
  Finance income/cost                                            295             289               599 
  Depreciation of property, plant and equipment                  11               19                30 
  Amortisation of other Intangible assets                         3               2                 4 
  Share based payments                                           17               54                72 
  Changes in working capital 
  Trade and other receivables                                   (48)              55               (26) 
  Trade and other payables                                       25             (163)             (265) 
  Currency translation                                           (2)             141               115 
  Profit from discontinued operations                           (291)            (19)              (49) 
---------------------------------------------------------  -------------  ----------------  ---------------- 
  Net cash used by continuing operations                        (674)           (870)            (1,713) 
  Tax (paid)/received                                            124              -                 - 
  Operating cashflow from Discontinued operations                12               19                49 
---------------------------------------------------------  -------------  ----------------  ---------------- 
  Net cash used in operating activities                         (538)           (851)            (1,664) 
---------------------------------------------------------  -------------  ----------------  ---------------- 
  Cash flows from investing activities 
 
  Purchase of other intangible assets                             -               -                (5) 
  Purchase of property, plant and equipment                      (1)             (4)                - 
  Sale of discontinued business                                  279              -                 - 
---------------------------------------------------------  -------------  ----------------  ---------------- 
  Net cash used in investing activities                          278             (5)               (5) 
---------------------------------------------------------  -------------  ----------------  ---------------- 
  Cash flows from financing activities 
  Issue of loan notes                                            500              -                 - 
---------------------------------------------------------  -------------  ----------------  ---------------- 
  Net cash generated from financing                              500              -                 - 
---------------------------------------------------------  -------------  ----------------  ---------------- 
 
    Net increase/(decrease) in cash and cash equivalents         240            (855)            (1,669) 
  Cash and cash equivalents at beginning of period               791            2,460             2,460 
 
  Cash and cash equivalents at end of period                    1,031           1,605              791 
 
 

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED)

 
                            Share      Share      Other      Share       Currency     Accumulated   Share-holder's 
                            Capital    premium    reserve     based     translation      losses         equity 
                                                             payment 
                                                             reserve 
                           GBP'000    GBP'000    GBP'000    GBP'000      GBP'000        GBP'000        GBP'000 
------------------------  ---------  ---------  ---------  ---------  -------------  ------------  --------------- 
 
 At 01 January 2018         1,304      5,534      2,215      1,151        (194)        (13,858)        (3,847) 
 Share issued in the          -          -          -          -            -              -              - 
  period 
 Convertible loan 
  notes issued in the 
  period                       -          -          5          -            -              -             5 
 Share based payments         -          -          -          54           -              -              54 
 Exchange in the period       -          -          -          -           141             -             141 
 Retained loss for 
  the period                  -          -          -          -            -           (1,247)        (1,247) 
 At 30 June 2018            1,304      5,534      2,220      1,205         (53)        (15,105)        (4,893) 
========================  =========  =========  =========  =========  =============  ============  =============== 
 Share issued in the          -          -          -          -            -              -              - 
  period 
 Convertible loan 
  notes issued in the 
  period                      -          -          15         -            -              -              15 
 Share based payments         -          -          -          19           -              -              19 
 Exchange in the period       -          -          -          -           (26)            -             (26) 
 Retained loss for 
  the period                  -          -          -          -            -            (945)          (945) 
------------------------ 
 At 31 December 2018        1,304      5,534      2,235      1,224         (79)        (16,050)        (5,832) 
========================  =========  =========  =========  =========  =============  ============  =============== 
 Share issued in the          -          -          -          -            -              -              - 
  period 
 Convertible loan             -          -          -          -            -              -              - 
  notes issued in the 
  period 
 Share based payments         -          -          -          17           -              -              17 
 Exchange in the period       -          -          -          -           (2)             -             (2) 
 Retained loss for 
  the period                  -          -          -          -            -            (684)          (684) 
------------------------  ---------  ---------  ---------  ---------  -------------  ------------  --------------- 
 At 30 June 2019            1,304      5,534      2,235      1,241         (81)        (16,734)        (6,501) 
------------------------  ---------  ---------  ---------  ---------  -------------  ------------  --------------- 
 

NOTES TO THE FINANCIAL STATEMENTS

   1.            Basis of preparation 

These interim financial statements have been prepared in accordance with the accounting policies set out in the Annual Report and Accounts for the year ended 31 December 2018 and the interpretation of those accounting standards underlying the accounting policies. IAS 34, Interim Financial Reporting, has not been applied. The interim financial statements have been issued in accordance with the AIM Rules of the London Stock Exchange and are unaudited. The financial information set out does not constitute statutory accounts for the purposes of section 434 of the Companies Act 2006. The auditors' report on the statutory accounts for the year ended 31 December 2018 which have been filed with the Registrar of Companies was unqualified, did not draw attention to any matters by way of emphasis, and did not contain a statement under 498(2) or 498(3) of the Companies Act 2006.

The preparation of financial statements requires estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although the estimates are based on management's best knowledge of the amounts, events or actions, actual results may differ from those estimates.

These financial statements separate out the company formations business as a discontinued operation for all three periods covered, this has resulted in a restatement of the first half and fully year 2018 results. The details of the discontinued operation are contained in note 3.

This announcement which was approved by the board of cloudBuy plc on 20 August 2019 will be published on the company's website at www.cloudbuy.com.

   2.            Revenue 

Below is an analysis of revenue recognised and gross profit attributable between reportable segments

 
                               6 months    6 months to      Year ended 
                                   to 
                                 30 June      30 June          31 Dec 
                                  2019          2018            2018 
                                           (as restated)   (as restated) 
                                GBP'000      GBP'000         GBP'000 
Web and ecommerce services        519          465             751 
Coding International Limited      18            20              40 
                                  538          485             791 
                               ---------  -------------- 
Gross Profit 
Web and ecommerce services        493          431             692 
Coding International Limited      18            20              40 
                                  512          450             732 
-----------------------------  ---------  -------------- 
 
   3.            Loss per share 

The calculations for loss per share are based on the weighted average number of shares in issue during the period: 130,432,664 (6 months to 30 June 2018: 130,432,664; year ended 31 December 2018: 130,432,664).

The share options and warrants are not dilutive as they would not increase the loss per share in the year.

The basic and diluted loss per share calculated on the unadjusted earnings is 0.7p (6 months to 30 June 2018: 1.0p; year ended 31 December 2018: 1.7p).

   4.    Discontinued operations 

On 29 March 2019 the Company disposed of its Company Formations business, the business was sold for a total of GBP279k in cash, resulting in a gain of 275k.

The trading of Company formations business in the relevant period is as follow:

 
                                                      30 June             30 June 
                                                      2019 GBP              2018            31 Dec 2018 
                                                        '000              GBP'000             GBP'000 
                                                ------------------  ------------------ 
 
 Revenue                                                        74                 166                 318 
 Cost of sales                                                (27)                (73)               (139) 
 Gross profit                                                   46                  93                 179 
 Administrative Expenses                                      (30)                (73)               (130) 
 Share based payments                                            -                   -                   - 
 Operating loss                                                 16                  20                  49 
 Finance Income -interest received                               -                   -                   - 
 Finance costs                                                   -                   -                   - 
 Profit from discontinued Operations Before 
  tax                                                           16                  20                  49 
 Income tax expenses                                             -                   -                   - 
 Profit for the period                                          16                  20                  49 
 Gain on Disposal                                              275                   -                   - 
 Profit for the period from discontinued 
  operations                                                   291                  20                  49 
----------------------------------------------  ------------------  ------------------ 
 

All of the assets and liabilities of the business have been disposed of in this transaction.

Cash flows generated by the Company Formations business for the reporting periods under review until its disposal were as follows:

 
                                          30 June 2019   30 June    31 Dec 2018 
                                           GBP'000        2018       GBP'000 
                                                          GBP'000 
 Operating activities                     12             19         49 
 Investing activities                     279            -          - 
---------------------------------------  -------------  ---------  ------------ 
 Cashflow from Discontinued Operations    291            19         49 
---------------------------------------  -------------  ---------  ------------ 
 

Cash flows from investing activities relate solely to the proceeds from the sale of Company Formations which was received in cash in March 2019.

 
 
 Calculation of gain on disposal                        GBP'000 
-----------------------------------------------------  -------- 
 Assets 
 Non-current assets                                        - 
 Goodwill                                                  - 
 Property, plant and equipment                             - 
-----------------------------------------------------  -------- 
 Total non-current assets                                  - 
-----------------------------------------------------  -------- 
 Current assets                                            - 
 Trade and other receivables                               4 
 Cash and cash equivalents                                 - 
 Total current assets                                      4 
 Liabilities                                               - 
 Current liabilities                                       - 
 Trade and other payables                                  - 
 Total liabilities                                         - 
 Provisions - lease incentive                              - 
-----------------------------------------------------  -------- 
 Net assets                                                4 
-----------------------------------------------------  -------- 
 Less: net assets attributable to minority interest        - 
 Net Assets Disposed                                       4 
 Total Consideration received in cash                     279 
 Net cash Received                                        279 
 Gain on Disposal                                         275 
=====================================================  ======== 
 
 
   5.            Convertible Loan Stock and Loan Stock 

The principal terms of the loan instruments are as follows:

"Existing" Loan Notes

 
 Instrument (the       Interest bearing loan note instrument constituting 4,172,562 
  "Instrument")         GBP1.00 secured convertible loan notes and 1,577,438 GBP1.00 
                        secured non-convertible loan notes. Total GBP5,750,000 
--------------------  --------------------------------------------------------------- 
 Amount DRAWN          GBP5,750,000 
--------------------  --------------------------------------------------------------- 
 Term                  10 year term with an early repayment option on 5th anniversary 
--------------------  --------------------------------------------------------------- 
 Drawdown              Minimum of GBP3,274,300 in first draw down then in increments 
                        of a minimum of GBP1 million in size 
--------------------  --------------------------------------------------------------- 
 Interest              2.33% 
--------------------  --------------------------------------------------------------- 
 Borrower Covenants    cloudBuy plc cannot issue any instrument that is pari passu 
                        or senior to the Instrument and/or the Loan Notes without 
                        the consent of the holder of the Loan Notes 
--------------------  --------------------------------------------------------------- 
 Lender Covenants      None 
--------------------  --------------------------------------------------------------- 
 Conversion price      6.5 pence (conversion at any time in full or in part at 
                        the election of loan note holder) or 1 penny (in the event 
                        that the outstanding amount of the Convertible Loan Notes 
                        (including principal and interest) has not been repaid 
                        or converted by the Final Redemption Date) 
--------------------  --------------------------------------------------------------- 
 Security              The Loan Notes will be secured, by way of a secondary charge 
                        over the Company's assets, with the charge ranking behind 
                        the Company's clearing bank facility provider from time 
                        to time where the priority charge over the Company assets 
                        will be limited to GBP300,000 in value 
--------------------  --------------------------------------------------------------- 
 Future Investment     Mr. Roberto Sella to have the right, but not the obligation, 
                        to participate in future equity fundraising by the Company 
                        at 80% of the price of other investors up to the end of 
                        the Term 
--------------------  --------------------------------------------------------------- 
 

"New" (December 2017) Loan Notes, figures are for the amount issued at 30 June 2019, a further potential GBP1,200,000 is available under the facility.

 
 Instrument (the       Interest bearing loan note instrument constituting up to 
  "Instrument")         3,400,000 GBP1.00 secured convertible loan notes 
--------------------  --------------------------------------------------------------- 
 Amount Drawn          GBP2,200,000 
--------------------  --------------------------------------------------------------- 
 Term                  10 year term with an early repayment option on 5th anniversary 
--------------------  --------------------------------------------------------------- 
 
 Interest              2.33% 
--------------------  --------------------------------------------------------------- 
 Borrower Covenants    cloudBuy plc cannot issue any instrument that is pari passu 
                        or senior to the Instrument and/or the Loan Notes without 
                        the consent of the holder of the Loan Notes 
--------------------  --------------------------------------------------------------- 
 Lender Covenants      None 
--------------------  --------------------------------------------------------------- 
 Conversion price      2.0 pence (conversion at any time in full or in part at 
                        the election of loan note holder) or 1 penny (in the event 
                        that the outstanding amount of the Convertible Loan Notes 
                        (including principal and interest) has not been repaid 
                        or converted by the Final Redemption Date) 
--------------------  --------------------------------------------------------------- 
 Security              The Loan Notes will be secured, by way of a secondary charge 
                        over the Company's assets, with the charge ranking behind 
                        the Company's clearing bank facility provider from time 
                        to time where the priority charge over the Company assets 
                        will be limited to GBP300,000 in value 
--------------------  --------------------------------------------------------------- 
 
 
   6.            Disclosure of Concert Party Shareholdings 

The following details are required to be disclosed in this report to comply with the conditions of The Takeover Code. Mike Pasternak who is a director of cloudBuy is deemed to be acting in concert with Roberto Sella for the purposes of the Takeover Code. The holdings of Roberto Sella and Mike Pasternak at 30 June 2019 as follows:

 
Shareholder      Interest in issued share  Percentage interest in    Total interest on the    Percentage total 
                 capital on 30 June 2019   issued share capital on   basis that the further   assuming no other 
                                           30 June 2019              GBP1,200,000 New CLS     ordinary shares are 
                                                                     available under the      issued 
                                                                     facility 
                                                                     are issued in the 
                                                                     future and all CLS 
                                                                     including PIK notes are 
                                                                     converted immediately 
                                                                     before 
                                                                     their final redemption 
                                                                     date (10 years after 
                                                                     issue) 
Roberto Sella    14,700,000                11.27%                    301,204,965              72.24% 
Mike Pasternak   2,150,000                 1.65%                     2,150,000                0.52% 
Total            16,850,000                12.92%                    303,354,965              72.76% 
                 ------------------------  ------------------------  ----------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

IR MMGZRVGLGLZM

(END) Dow Jones Newswires

August 21, 2019 02:00 ET (06:00 GMT)

Cloudbuy (LSE:CBUY)
Historical Stock Chart
From Sep 2022 to Oct 2022 Click Here for more Cloudbuy Charts.
Cloudbuy (LSE:CBUY)
Historical Stock Chart
From Oct 2021 to Oct 2022 Click Here for more Cloudbuy Charts.