Smaller company-focused telecoms services provider Toople (LON: TOOP) has been on the standard list for nearly four years, but it continues to leak enormous amounts of cash. A proposed acquisition will make Toople a more significant business, although it will not totally stem that cash outflow.
Toople was always too small to be an effective quoted company. The flotation was a triumph of over optimism over sense. The costs of being quoted eat up relatively significant amounts of cash on their own.
Results
In the year to September 2019, revenues increased from £1.51m to £2.45m, while gross...
