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Shares in Toople (TOOP) have fallen by 75% since the telecom services group floated on the stock market just over a year ago (10 May 2016).
The loss making business reported a 63% increase in revenue for the six months to 31 March. While that sounds impressive in percentage terms, it only amounted to an extra £252,112 which is peanuts for most firms on the stock market.
We warned on the eve of Toople’s IPO that the firm looked incredibly over-valued given it had barely any customers.
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