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PROX Proxama

0.0235
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Proxama LSE:PROX London Ordinary Share GB00B2PKZ581 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0235 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.022 0.025
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0235 GBX

Proxama (PROX) Latest News

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Proxama (PROX) Top Chat Posts

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Posted at 23/2/2018 08:05 by ochs
...but selling due to knowledge of a pending placing would be insider dealing if proved. (if you remember a former director of Prox was caught doing that and fined and censured by the FCA in relation to another AIM stock!)
Posted at 22/2/2018 17:15 by ochs
So yesterday's share price fall was not due to a pending placing but due to Jonathan Hicking selling.
Posted at 11/2/2018 16:47 by the stigologist
ttarrageel - 02 Oct 2014 - 08:03:45 - 2095 of 6920 PROX: NFC Mobile Wallets & Marketing - PROX

Stig is posting his rubbish = time to buy


Big7ime - 30 Sep 2014 - 17:26:56 - 2083 of 6920 PROX: NFC Mobile Wallets & Marketing - PROX

Stig, don't waste your time shorting Prox, they are cheap. there are so many overpriced shares going to slide. Start with WRN


euclid5 - 24 Sep 2014 - 11:14:30 - 2059 of 6920 PROX: NFC Mobile Wallets & Marketing - PROX

but that's your job Stig to constantly deramp as you are short & make your money like that - create negative sentiment
Posted at 07/2/2018 12:23 by barvin
It seems to be owned by CARGIL MANAGEMENT SERVICES LIMITED (1 share issued and owned), shows as a dormant company. So it appears no link to Proxama PLC yet. It could just be a case of registering the name, but a very strange way of going about things if that is the case. But nevertheless, the Kennedy potential involvement looks like cause for concern. They need to explain the situation and quickly.
Posted at 07/2/2018 12:02 by barvin
Blimey, don't want to be an alarmist here. But that info from Canarris is very worrying. The man who was running the show during a 98% drop is still involved? WTF? The Ltd company has been set up even after the resignation announcement of Kennedy! Although I do recall some cryptic LinkedIn message someone mentioned about him doing something similar.

Courtesy of Plunge 01/11 - A farewell post from JK on his LinkedIn account:

"So after three years in the driving seat of Proxama plc its time to move onto a new challenge. I'm delighted to complete the sale of our Payments Division tonight as a perfect finale. Leaving the business debt free, under tight cost control, rising revenues and at last some material working capital behind it, im leaving it in a significantly better position than when I joined. Good luck to the new Executive Team that now take the reins.....for me it's off to pastures new....though very familiar territory....."

We saw the share price rise on news he had left, I'm sure the opposite effect will now happen. This stock is such a dog. I would be very nervous about holding large amounts going these into the results.
Posted at 10/1/2018 13:52 by canarris
Thanks Plunge.The calibre of people involved and genuine demand for location data products tells me this new start up is going to be a small but sucessfull company what should be reflected in Proxama share price in next few weeks time.
Posted at 25/9/2017 15:48 by barvin
!FOLLOWFEED
On the appointment of John Kennedy as CEO, the PROX share price was 1.55p. It is today 0.026p, giving investors who bought and held that day a whopping 98% loss.


How long will it be till PROX joins the 99% club. Time for a new CEO?

________________________________________________________

PROJECTED 2018 FUNDRAISE FOLLOWING DIGITAL PAYMENTS SALE & 2017 RESULTS (UPDATED FEBRUARY 2018)
Cash at start of Jan 2018 is £1.14m

At a projected cash burn of £175k a month, taken from details of 2017 results. This includes an increase of 50% of revenues and counteracts the predicted drop in grant money which looks to have almost been fully received. Plus the 50% predicted drop in admin costs.
hxxp://gtr.rcuk.ac.uk/organisation/0ED6329B-4507-4D2D-8247-D172AEEC801E


Cash held at 1st Jan 2018: £1.14m
Estimated full cash depletion in Mid June 018
Estimated cash raise commencement: May 2018

NOTE: I have left out the DP secondary payment(£1m) over 18 months out (details of which they have chosen not to include in the results). As in my experience the targets are usually so high they are never met and the purchaser will be reluctant to try and meet them and pay out more cash in that early period.

________________________________________________________

£3m market cap at 0.0225p with 13.745bn shares in issue as of Jan 2018

DIGITAL PAYMENTS (SOLD/COMPLETED on 3rd Nov 17)
ACONITE TECHNOLOGY LIMITED
2016 Turnover £277k Profit £267k
* ACONITE SOLUTIONS LIMITED
2016 Turnover £1m Loss £663k
* ACONITE CONSULTING LIMITED
2016 Turnover £206k Loss £22k Wages Bill £2.3m
*Indirectly held by Aconite Technology Limited

EXISTING BUSINESS
LOCATION SCIENCES AI LIMITED (renamed PROXAMA SOLUTIONS LIMITED in Nov 2017)
2016 Turnover £269k Loss £2.4m Wage Bill £2.3m
PROXAMA INC (US based business)
PROXAMA PLC
2016 Turnover £1.8m Loss £5.1m Cash Outflow £2.4m Cash at hand £2m
2017 Turnover £471k Loss £3.18m Existing Op Cash Outflow £3.28m Cash at hand £1.14m
Estimated loss for 2018 of £2m taking into account the 50% admin cost drop
LOCATION SCIENCES GROUP LIMITED (Created November 2017)
PROXAMA SOLUTIONS LIMITED (Created November 2017)

________________________________________________________
Estimated existing divisions cash outflow of £1.05mm for first half of 2017

Barclays warrants cannot be exercised by July 2018 unless through the company broker. The exercise price is 0.03p (35% higher than current price in Feb 2018) So certainly not in the companies interest to send the price higher than 0.032p ish and perhaps a target price and get out point for PI.
hxxp://www.proxama.com/investors/aim-rule-26/

________________________________________________________


So I'd say give it to early May 2018 and if nothing is showing, get out. As that is when another large dilutive placing could be commencing (further fundraise of £1m-£1.5m, could lead to up to 50% dilution) and Barclays get hold of those warrants in mid-2018, exercisable at 0.03p. Any contract announcements between these results and May time could be a primed for a placing and a perfect chance to get out on a spike. 0.03p proves the sticking point as that is the exercise price for Barclays and breakeven for White Angle, so should imo be the target for anyone wanting to get out before a potential placing/dilution.
Posted at 25/5/2017 07:24 by hazl
'Proxama PLC (AIM:PROX), the leading mobile proximity marketing and data expert, is pleased to announce four revenue generating contracts for its Proximity Marketing and Data Division.

The Company has agreed three recurring revenue generating contracts with a location-based marketing business, a leading AI business and a Tier One mobile ad targeting business. Proxama will provide these businesses with anonymously generated location and device data. Proxama gathers this data using its national network of beacons and geo-location technology embedded in its partners' apps, used by millions of consumers.

In addition, Proxama has signed a revenue generating partnership with Blis, the global leader in advanced location data technology. Blis's proprietary technology and platform helps advertisers use location data to gain a better understanding of consumer context and intent, empowering brands to engage with the most relevant audiences at the most appropriate time and place. The partnership will result in a range of current and upcoming projects utilising Proxama's data set.'

What a weird journey this share is having at the moment!
Not out of the woods yet but not bad announcements.

IMO
Posted at 01/5/2017 17:57 by cautoussid
RNS Number : 7814U
Proxama PLC
23 January 2017

23 January 2017

Proxama PLC

("Proxama", the "Company" or the "Group")



CPI Card Group and Proxama Announce Strategic Relationship



Proxama PLC (AIM: PROX), the international digital and mobile commerce company specialising in end-to-end payment solutions for card issuers and processors, is delighted to announce a joint agreement with CPI Card Group (Nasdaq: PMTS, TSX: PNT), a global leader in financial and EMV chip card production and related services, to deliver innovative financial and payments products to CPI's growing North American customer base.

CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip personalization, instant issuance, fulfilment and mobile payment services, with more than 20 years of experience in the payments market and as a trusted partner to financial institutions. CPI Card Group and Proxama will continue to offer and develop the most comprehensive financial solutions to meet payments and processing customer demand in Canada and the United States.

Patrick Regester, EVP Sales and Marketing for Proxama's Digital Payments Division commented: "We are excited to have established this collaboration with CPI Card Group for the hosting and promotion of our highly-regarded product suite in North America. This agreement will enable CPI to provide best-in-class payment solutions to their extensive customer base and to new clients, extending further the range of products and services that CPI is able to offer to the market."

Lane R. Dubin, Senior Vice President, Sales and Marketing at CPI Card Group added: "We see great potential in this agreement with Proxama to broaden our mobile and EMV-related services and offerings to meet the dynamic and diverse needs of our customers. Our alliance with Proxama reflects our dedication to expand our domestic and global market presence and deliver best-in-class financial solutions."





About CPI Card Group
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services. With more than 20 years of experience in the payments market and as a trusted partner to financial institutions, CPI's solid reputation of product consistency, quality and outstanding customer service supports our position as a leader in the market. Serving our customers from ten locations throughout the United States, Canada and the United Kingdom, we have the largest network of high security facilities in North America, each of which is certified by one or more of the payment brands: Visa, MasterCard, American Express, Discover and Interac in Canada. Learn more at www.cpicardgroup.com.
Posted at 21/4/2017 10:51 by cautoussid
21 December, 2016

Proxama PLC

("Proxama" or the "Company")



Extension of proximity marketing network beyond London, with exclusive UK shopping mall contract with Limited Space



London, United Kingdom, 21 December 2016: Proxama PLC (AIM:PROX), the leading mobile proximity marketing expert, is pleased to announce that it has formed an exclusive new revenue share contract with Limited Space, the leading media specialist within the shopping mall sector, to deploy its proximity marketing network to shopping malls across the UK, including premium flagship malls such as Bluewater London and Bullring Birmingham.

Proxama will be working with Limited Space to deploy beacons into its Adlift advertising assets, with a commitment to enable 30 malls within the first six months of the contract. The Bullring, Birmingham is already installed, with campaigns currently in planning stage to begin in January 2017. The Adlift assets are prominently positioned for shoppers at the highest dwell time locations throughout the malls, alongside the entire mall audience which delivers a fortnightly footfall of around 47 million people1.

Proxama's dual format beacons will be fitted into the assets, which support both Eddystone and iBeacon, so they can reach all mobiles via in-app or mobile web engagement. This new deal follows on from recent network deals with other media and location owners and should see the Company's beacon network grow to over 5,000, with brands able to utilise and roll-out both mobile in-app and web campaigns at every location.

With high footfall and visitors looking to purchase goods or socialise with friends, shopping malls are a natural environment for Proxama's proximity marketing network, which enables brands to communicate using proximity marketing services to consumers via their mobiles.

Proxama CEO, John Kennedy said, "Our technology fits neatly with the concept of a modern shopping mall where consumers come not only to purchase items but also spend time and relax. This combination is exactly the audience that would appreciate engagement from brands. This move into retail is an important step for Proxama, as our core business focus is on working with brands and businesses who want to use our technology to reach millions of consumers. We are very excited about this contract and the opportunity it presents."

Samantha Sida, co-founder of Limited Space, added: "This six month exclusive agreement with Proxama is an important development in the evolution of our retail media portfolio, giving us first mover advantage in the retail out-of-home sector. The beacon technology will turn more than 700 of our classic advertising assets into mobile ready sites, bringing the physical and digital world closer together, and enabling consumer interaction with a static advertising format. We are very excited to see the impact the partnership will have on our clients' campaigns."

-ENDS-
Proxama share price data is direct from the London Stock Exchange

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