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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Proxama | PROX | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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0.0235 |
Top Posts |
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Posted at 14/2/2018 08:47 by canarris That's much more important Plunge.https://marte |
Posted at 08/2/2018 20:46 by plunge Good to get a clarification RNS from the Company. The Board obviously realises how toxic JK's legacy is to investors.Hopefully the long awaited annual update will also help qwell the recent spate of negative posts. |
Posted at 13/11/2017 14:47 by barvin If the offer gets to 2.3 ish over next few days could be worth a punt on a 6 month basis, if by some miracle they get a big contract. Look at LSE, the community has gone. People will now be getting out, the AIM investor newbies are all about community/chat once that goes the investments do too. I reckon another 10% off current price by Weds |
Posted at 01/11/2017 10:25 by paul the octopus who wants to go after JK and Peel Hunt for misleading investors wrt the $10m offer for DPD sale last year, at least they got to prove it wasn't a bogus words after all. Let's see what DD the broker made before issue that end back then, or was it just a bluff to get the placing away back then... |
Posted at 30/10/2017 12:02 by boffster Thank you guys but I don't want to take all the credit since there were other disgruntled shareholders also making a nuisance of themselves. It goes to show though that companies will listen to private investors if they shout loudly enough. |
Posted at 25/9/2017 15:48 by barvin !FOLLOWFEEDOn 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.u 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.c ____________________ 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-£1.5 |
Posted at 29/7/2017 10:25 by plunge Fair comments John Henry.What I cannot fathom out is why John Kennedy is still in role. I certainly voted against his reappointment at the last AGM. It would appear other investors did not use their right to do the same. So, now we have a Company of +/-50 employees with him as CEO and a new managing director in Mark Slade. Totally unnecessary! Given this, I now have to question the worthiness of Kelvin Harrison, the Chairman. |
Posted at 29/7/2017 09:22 by john henry Plunge they took up stock in the OO. The OO was poorly supported by investors and PEEL took up stock to get the company to 3.1 million. Counter to what the BOD quoted they received very little support from existing shareholders. |
Posted at 24/7/2017 10:12 by john henry Bapodra the one spoiling factor here still is the fact the management are still grossly overpaid. They have failed investors badly but still rewarded themselves for failure. Pay should reflect success. |
Posted at 11/7/2017 09:47 by ries Would not let me post address. Proactive investors web chat from yesterday. |
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