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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -11.76% 0.375p 0.35p 0.40p 0.425p 0.35p 0.425p 61,953,592.00 10:52:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 2.5 -6.1 -0.5 - 7.94

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Date Time Title Posts
29/3/201713:40PROX: NFC Mobile Wallets & Marketing6,082.00
29/3/201711:43 MORE BUYERS218.00
24/3/201711:04Lighter Wallets comming 153.00
04/12/200318:14Asset Class Proxies: Trade them in Stock Accts1.00

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Proxama Daily Update: Proxama is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker PROX. The last closing price for Proxama was 0.43p.
Proxama has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 2,116,393,988 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Proxama is £7,936,477.46.
bapodra_investments: Hazl, I wish I could say to you that I do not hold. However, the unfortunate truth is that I do hold. When you are sitting on a very big loss then it is very hard to be positive over negative. All my other shares have trailing stops. I made the cardinal sin of trying to be too clever and average down on Proxama as I believed in the proximity marketing space and that Prox could deliver in this area. I got it wrong and now have to hope that this goes back up. I do not like investing or trading on hope as that is close to gambling. I am traditionally a trend follower and don't get emotionally attached to any of the shares I invest or trade in. I hold my hands up that I made a mistake on Proxama. I cannot think of any reason why I would buy at today's price and even think of averaging down further and this is currently in an extreme downtrend. The price action and volume support this severe downtrend. Selling the DPD is not certain and we can only hope. This to me is not a good enough reason for someone to invest in this company. Most holders will be sitting on losses. I said if this went down to the 20's then I would sell but that is hard to do as I would have a take that big loss. If I hold my capital is being killed, eaten up, etc. Hazl, we all have to accept the potential harsh reality of this share. The share price and volume are telling us a story. The market is normally discounted six months in advance (future) so it is telling us a story six months from now.
bapodra_investments: Proxama has been announcing £0.3m grants, partnerships and minuscule contract wins for years. There is nothing new here apart from encouraging new investors to invest in Proxama shares. I think the DPD sale is the only thing that can really increase the share price in the short to medium term. Long term it will be the million pound proximity marketing contracts and the company making a net profit year on year. However that is long term and is a big if. No DPD sale means obscure financing and more dilution and lowering share price. I think that a good quality company with excellent prospects can obtain good quality funding and capital. If this can be demonstrated to the banks then they will offer finance to a company that is more attractive than Darwin. However the bank will look at the accounts and balance sheet of a company and unfortunately for Proxama over the past few years it is not good reading. If the DPD sale does not go through in 2017 then I am afraid it may be game over. If it goes through then it will be rid of Darwin and will have enough capital on its balance sheet to grow the revenues of the Proximity side. Its as simple as that. I would say on the balance of probability it is near around 50/50 at the moment. I can't call it and am just holding at the moment. I think it may have found a solid base and support at around 0.30p so as long as it does not go below that then I am comfortable to hold with a view that it the share price should slowly creep up as any potential news is leaked about the DPD sale. Make no mistake if this happens then others will know well before the likes of us and the share price will reflect this. I would not be surprised if initially it went up triple digits in a day on the news before seriously calming down on the next few days after. Come on PROX announce the DPD sale and get a move on!
vinceelliott: Post a few days back suggested that we attend the General Meeting and vote against the main motion. Unfortunately, that is just killing the company as it cannot raise the funds to deal with the penalty clause. This must be one of the worst financial deals seen for some time. A fee of £80,000 plus expenses was paid to Darwin; in the early days Darwin did not take fees but 'lived' on the profits from the EFFs. A massive amount of shares have been issued to Darwin as a result of this transaction and the processes adopted by Darwin. The BoD need to assess where they went wrong and come back to shareholders and admit where they went wrong. Some good technical people but disasterous financial managers. Hope the do better selling the Payments Division. So, do we need this next batch of shares to be issued and further watering down current investments? If Payments division sale is imminent, then use the remaining funds from the Loan to pay off the loan. Expensive, yes; but it might be the lesser of the evils. Get the BoD to sell/trade their shares back to the company and hold them in Treasury. BoD will not like this, but they got it wrong! Alternatively, they could trade their shares for 'B' shares, with the 'B' shares being redeemable (returned to them) once the share price returns to xx% of the share price the day before they signed the agreement with Darwin (xx being a number greater than 80) . If the company is going to grow then this 'buyback / transfer' will reflect their confidence in the company, and it would not cost the BoD any money, but it would save significant dilution. The shares traded for B shares would be held in Treasury until Darwin launch their next offloading of Loan contracts. Perhaps the above is a bit disjointed, but you should get the idea.
bapodra_investments: Hazl, if you look at the contracts obtained and the market cap then there is a disconnect. It means that either Proxama has got to deliver larger more meaningful contracts or the share price has to go down even further. Hazl, these RNS's with little £££;£££ will not move the share price up to where we all want it to go. It may go up today and then come down two days later. I want this company to succeed but over the past 12 months this company's behaviour has been unacceptable. The DPD sale is a total 'red herring'. The revenues are not large enough to warrant anyone paying $8m-$10m for it. This just is not going to happen. There are no meaningful contracts that are revenue enhancing for the Proximity side which is the future of the business going forward. It is constantly raising capital and diluting shareholders. No substantial growth or dividends. Darwin is the last roll of the dice. If it cannot shake off Darwin then I am afraid it could be the nail in the coffin!
vinceelliott: I am aghast at the agreement that has been agreed with and applied by Darwin Strategic. I dislike 'shorting' at the best of times, with the price generally being forced down. however, The shorter takes the risk of being able to buy the shares back at a lower price, and if successful makes a profit at the expense of 'normal' shareholders. In this case, Darwin are not only guaranteed that shares can be purchased, but are also guaranteed that they can be purchased at a discount to the prevailing price. Surely, a guarantee that they can buy shares in such circumstances is tantamount to a manipulated market. So what if the share price goes up once shares have been shorted? The shorter loses. So how confident were Darwin that the share price would not go up?
squiresquire: I havent posted for a while but have long thought PROX was at the leading edge of the latest advertising technique. Ime not sure if the recent debacle with our ex director was to blame for the start of the share price decline. Or if its just the fact they have clearly missed their own timeline for the sale of the payments section. Either way ime obviously very disappointed over the continuing decline in the share price. I had a large holding but had sold a lot when we had the large rise to the 1p area. I have now sold the rest, not because i no longer believe in the potential of the proximity advertising, but i am worried PROX as a company are about to go for a further placing, which, if they do, could well be in the .1 of a penny region, This would kill any money left in for PIs so i have got out. I will be only too ready to get back in at the least sniff of good news and certainly hope that good news does come and soon. Good luck to all.
cautoussid: have topped up some more recently ,with this lower share price thought would add some more ,after last placing bought while at a low share price as well before share price moved up ,as well as buying more when share price had moved up
the stigologist: well done to all longs, you are co-invested alongside this quite obvious dunce cautoussid14 Dec '16 - 10:19 - 5103 of 5107 0 0 Billthebank , personly happy with my top up price today , did not think would be adding at as low a share price cautoussid14 Dec '16 - 10:22 - 5104 of 5107 0 0 when so much of a share price drop yesterday with prox so high up on share fallers list ,with a share price drop of around 40% thought would buy some more Today , cautoussid14 Dec '16 - 10:25 - 5105 of 5107 0 0 Billthebank , in future weeks hoping to see some news released from prox ,hoping they may update investors as soon as possible cautoussid14 Dec '16 - 10:36 - 5106 of 5107 0 0 bought in after last placing , at low price before share price moved up , happy to hold and watch for more news as prox further grow the beacon network
cautoussid: WHILE past week or so has seen a drop with share price down from around 1,15 to current share price ,in my view has been good to see like to see sellers who happy to sell when news may be due with less shares or no share to sell as it moves closer to end of year ,when news may be seen no one know how soon news may be seen may be this week or may not even be this year ,the 500,000 buyer or buyers may be pleased to be able to build up share at a lower share price ,seen this this week with wres ,where some were selling through out week ,with investor meeting/presentation due this week buyers started to return yesterday , will not surprise if buyers move share price back up again soon at prox if some who have read rns buy in next number of weeks
squiresquire: Look at the chart, it says it all really, but it now shows the steady recovery that PROX is making in a quite spectacular way on the ground. Below you will see the top names and venues they are pulling into their advertising mobile facility. Earlier in the year PROX share price dropped when the results announced no progress with the sale of PROXs Payments Division. they also announced they would need to make a placing to raise £2 million. However they raised the £2 million and announced they had a Letter Of Intent for the Payments Division purchase with a guide price between $10 - $12 million. Last month they made the following statement. -- 2015 was a period of significant change, a new senior management team was appointed and the ongoing fixed costs were significantly reduced creating a leaner base for the business going forward. -- Awareness and popularity of location based marketing is growing helped by the introduction of Google's open beacon format, Eddystone. -- Proximity marketing division launched the first mobile proximity advertising campaigns on 500 beacon enabled London buses generating high responses from consumers. -- New partnerships have meant the Proxama beacon infrastructure network in the UK has grown from 0 at the outset of 2015 to over 50,000 locations today, all under contract -- Digital Payments Division made good progress in 2015 and secured a series of important revenue generating contracts, including a $1m contract to roll out EMV processing services in 2015 with a leading US financial services technology company. -- 2016 trading continues to improve with income year on year growth of more than 50% after 5 months. If you look at the share chart you will see the market is apparently building in new confidence and buying into PROX no doubt because it has positioned itself as a leader in the Proximity Advertising space, with a tiny market cap of still under 10 million pounds. The new contracts have gathered pace as new agreements are being made when other advertisers can see the penetration PROX have made in this mobile opportunity. The £2 million will see them through to end of next year and so they can bargain far harder as they now sell the payments division, the contract of which could be from any time now. I am a holder
Proxama share price data is direct from the London Stock Exchange
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