ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

PHD Proactis Holdings Plc

74.00
0.00 (0.00%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Proactis Investors - PHD

Proactis Investors - PHD

Share Name Share Symbol Market Stock Type
Proactis Holdings Plc PHD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 74.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
74.00 74.00
more quote information »

Top Investor Posts

Top Posts
Posted at 10/8/2021 20:56 by p1nkfish
Will take a look. Have been buying BBB and they should be handing some cash to shareholders by around end Nov. Some capable investors on board. Decent price around £1.

Good luck Praipus.
Posted at 05/4/2021 13:32 by cureboy
It’s encouraging also that two large institutional investors have bought big percentages of the company in the last year and in DBAYs case average around 39-41p. Something of a base in there. Let them do the due diligence.
Posted at 20/3/2021 16:32 by cureboy
They closed the FSP shortly after it reached 51p. So they need to start really proving to investors that it was worth remaining independent - which they haven't really done, albeit in the midst of a global pandemic. What this situation did do was strengthen Lombard Odier's position. Lombard Odier and DBAY are the key here, they may have totally different agendas which would create an interesting situation. I imagine if a bid or bids from private equity came in now they would need to be seriously considered. I hope it's more than 65p though. A lower multiple of EBITDA to account for debt, say 8x instead of 14x - so at least 90p.
Posted at 05/3/2021 11:01 by cureboy
Drop on no news feels like an orchestrated tree shake. Institutions will be cleaning up. Some retail investors mugged.
Posted at 08/2/2021 18:31 by whatthe
Agreed, my only point is why oh why does this business and it's investors continue to back a management team that time and evidence has shown to be completely incapable. Change that dynamic and we all could all win, and win bigger
Posted at 03/2/2021 12:47 by jonstrawberry
Dear Tim,

You have been CEO of Proactis for several years now, and prior to that the company's CFO for over a decade. Therefore, you are undeniably responsible for the the company's strategy, execution of that strategy and, ultimately, its performance.

And that performance has been dreadful.

The company's M&A strategy has resulted in a business crippled with debt, unable to extract the value of its acquisitions, and encumbered by the (substantial parts) of the aggregated cost bases of each acquired business. The preference to focus on the Board on an M&A (roll-up) strategy was entirely your idea, which you promoted to Rod Jones, Alan Aubrey and Rodney Potts and began in 2006. In many cases, insufficient due diligence was performed on the acquisitions and it is also true that the Proactis leadership team, in several cases, did not understand the company, product or market they were buying.

I met Rod Jones once and discussed this M&A strategy. He said to me, and I will always remember this, "two dogs shagging is still only two dogs shagging". Well, there are a few more than two dogs in the Proactis story, but this still holds very true today. He further explained to me that organic growth through sales was simply too difficult and it was easier to "do an Infor". He credited you as the brains behind this strategy; something you later boasted to me as well.

Meanwhile, the company's market execution has been woeful with organic sales seemingly flat over the last decade plus. At a time when the SAAS spend management market has quite literally exploded, with many new players entering the market and immediately out-positioning, out-selling and ultimately out-growing Proactis in a short space of time. How can it be that a company that did not exist when Proactis topped the Gartner product ratings in 2009, Coupa, is now valued at $28bn, purely by pursuing the market that Proactis once promised to "own", while Proactis is still a sub £50m market cap firm with little prospect of ever breaking through? And GEP, a privately owned firm with zero outside investment, has grown into multi-hundred million dollar sales organisation in the last 7 years, while Proactis has been playing its pointless M&A games. And Ivalua is securing public sector contracts which (in at least one example) eclipse Proactis' entire annual revenue in one deal.

These failures are laid bare for all to see in the company's results and reflected fairly in the share price.

Many of us shareholders still believe this market has ample growth left in it. And that the Proactis product is still fundamentally a sound one. With the company's very best intentions at heart, and the above points taken into consideration, I implore you to stand down and for the Board to appoint a new leadership team capable of executing on the promise of Proactis. You have had more than a fair shot, plenty of backing from the Board and investors to make it work, and you have sadly failed. Move on, sir, and give this company a chance to re-build.

Yours,

A concerned (very long term) investor
Posted at 03/2/2021 12:02 by jonstrawberry
Lewis is always very quickly to default to accusations of who we are, what are motivations might be, etc. I've had some fun with it myself. Honestly, this is a STOCK CHAT BOARD.... people are chatting about stocks and giving their opinions on their prospects, sharing tidbits, etc. Why Lewis translates any opposing opinion as having an alternative motive is beyond me. But IF he's a true investor himself, I'm sure he'll be willing to answer the basic question that I've asked many times before (but received no reply)... What (more) will it take for you to share the view that Proactis' executive leadership have failed and need replacing?
Posted at 24/1/2021 16:11 by cureboy
Investors losing interest is exactly want DBAY want Peter - the want to bore you to death into selling. Watch them snap it up as they have done since April. We are due news - a new NED, BePayd contracts (at least another 2 were 'contracting' as of Sept 20). Then we have the interims, with FY21 pretty much in the bag according to recent interviews with Tim Sykes. 60-65p won't cut it. £1+ might but Lombard are in control, they will determine the takeover price if there is to be one but I have a feeling there was interest last FSP (around 80-85p) that was rejected even before being proposed to shareholders. Lombard rode this from 30p to £1.80 before, they will want a similar return and have invested in it enough to show confidence in the board.
Posted at 20/1/2021 14:16 by jonstrawberry
Is Oracle a bigger player? Belly laughs. There’s nothing like an informed tech investor!!
Posted at 11/11/2020 14:41 by cureboy
It's too easy for DBAY at the moment, we need other institutional investors so that it can begin to climb to a more realistic valuation. Just a theory but were they testing the price on Monday, ie how quickly will it move with persistent buys when other investors come on board? They'd have learned from it, and learned that it will move up pretty quickly. Easily manipulated by them with all their entities.

Your Recent History

Delayed Upgrade Clock