Share Name Share Symbol Market Type Share ISIN Share Description
Proactis Holdings LSE:PHD London Ordinary Share GB00B13GSS58 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 193.00p 190.00p 196.00p 193.00p 192.50p 193.00p 2,005 10:36:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 19.4 1.8 6.3 30.6 96.96

Proactis Share Discussion Threads

Showing 1201 to 1225 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
23/7/2017
19:46
Tks guys-i appreciate the comments-I think I'll just keep it on watch for now - pete
petersinthemarket
22/7/2017
00:59
Having an alert sub 180p could be useful. 170-180p looks decent sort of entry.
p1nkfish
22/7/2017
00:57
Pete, it's all guesswork and past experience but I think some pull back is likely. The repeated ceiling around 197/198 is telling, post results could easily result in a lull. Best to ease in on weakness over the next 2-3 months. I hold. Good luck. I don't see results being revolutionary this year so where's the catalyst to get this through 200p yet? If not 200p it probably won't plateau flat at 197/8.
p1nkfish
21/7/2017
19:58
This is a rev t/o at 165p, so the nub of it is, do contributors here predict a fall to something nearer that 165p on aug 1st, or something nearer today's close? pete
petersinthemarket
21/7/2017
13:20
I'm not a big contributor on this board but it's all to do with the takeover at 165p being value at the time of the deal and a price to entice larger investors whereas the 195p is more to do with forward value.This is why the chart has followed the gradient it has because Proactis have divered as expected over the period.If you feel this will continue, invest. Perfect Commerce offer complimentary products and markets with little overlap so seems a good fit until shown otherwise. I have faith in the Proactis team. Hamp isn't someone off the street and Tim and Sean are still driving with the same investment friendly ethos.Just my take anywayLou.
lewis winthorpe
21/7/2017
12:57
I have been watching this stock for some while but I don't fully understand the implications of what is happening. I get the obvious bit. The new Proactis will largely comprise Perfect Commerce in all but name and will also take in their CEO to head it. I also gather we have to wait until 31 July before all this is a confirmed deal. What I don't get is why if the deal is at 165p investors are apparently happy to pay around 195 for it. I love charts and this one shows excellent investor support for the last couple of years. Also, the new deal looks to be rapidly earnings enhancing which won't do the ongoing chart any harm at all. But what about the here and now? Will share price progress get stuck in a groove whilst the convergence is being handled? Is the company actually worth 165/sh atm or the 195/sh that folks are currently paying, or conceivably even more than that to take into account future improved earnings? I'd like to get involved, but this move has thrown me a bit as I have no experience of reverse t/o's so cannot decide whether I should get in now or let the dust settle for a few weeks. I would appreciate a few words from someone who gets the whole reverse t/o thing. Ta, pete
petersinthemarket
18/7/2017
17:06
big buys today
mfhmfh
17/7/2017
11:18
FYI, here's Finncap's summary of the PC acquisition when they raised their target price to 250p: "Perfect deal Subject to General Meeting, Proactis has undertaken a £70m placing and £99m acquisition of Perfect Commerce, a US-based spend management solution provider. The increased scale offers enhanced growth opportunities, extending current UK focus deeper into the US, and mainland Europe; broadens the tier 2 customer base into tier 1; extends the UK public sector focus into the private sector; adds material supplier-led revenue to the buyer-led revenue model with Perfect Commerce’s mature Business Network; and brings evident crossselling potential based on the contributory companies’ specialisations. We upgrade our forecasts substantially (EBITDA +122%) as the acquisition accelerates Proactis board’s strategy by five years and creates a global force in the spend management environment. Target price 250p, with much more upside-potential available following momentum from proof of execution. Via reverse takeover, Proactis has acquired Perfect Commerce, a US-based spend management solution provider delivering £30m revenue and £8.9m adjusted EBITDA in FY16. After identification of at least £5m of specific synergies from deduplication, and delivery of £3m in FY18, the post-synergy EBITDA uplift of £11.5m equates to an EV/EBITDA of 8.7x. The £99.0m acquisition is funded by a £70m placing at 165p alongside debt facilities of £55m. The CEO of Perfect Commerce will become CEO of the enlarged Proactis Group, rolling part of his stake in Perfect Commerce into a $3.5m convertible loan in Proactis (for tax reasons: expected to convert into equity within twelve months). Leading to group stats of 85% recurring revenue, 30% EBITDA margin, a global potential market of tier 1 & tier 2 public & private sector customers, Perfect Commerce brings its Business Network to the group, adding a supplier network with 15 years established maturity, now complemented by Proactis’ Accelerated Payment Facility module. The enlarged (buyer & supplier) customer base provides scale and opportunity to gain market share in a $5bn market growing at 10% per annum. Both companies feature amongst Gartner's 12 magic quadrant players, and the combination creates the sixth largest global pure play for spend control. Sprinting past £100m market cap to both a larger opportunity and a larger investor base, we lift our target price to 250p, equivalent to 12.5x EBITDA and en route to the Megabuyte Accounting and Enterprise Software peer group at 17x."
rivaldo
10/7/2017
13:44
Getting Tim Sykes full-time was right decision too. A few years ago I wrote to the company and had a response from Tim Sykes when he was part-time. The response was so brief as to be terse on what was the cheapest paper you could imagine a listed company using. Just afterwards I bought a load more shares for that very reason. No money wasted on excess words or company stationary. Nice.
p1nkfish
10/7/2017
13:39
Irrespective of where analysis comes from you have to take personal responsibility for any purchase or sale you make. I happen to line-up with Finncap with the caveat there is always execution risk. Rod Jones, good man. Saw off ISIS and stuck to the strategy. Rid the company of an investor that didn't get it and welcomed Henderson in. He deserves every penny. UK Plc needs more SME CEO's in the Rod Jones vein.
p1nkfish
10/7/2017
13:00
surely a case of reading the report, take away the facts but recognise the 'rose tinted spectacles' view of any opinions in the report. the share price provides an unbiased view of how the market sees the proposed acquisition
melody9999
10/7/2017
13:00
Good to see Rod has managed to get his day in the sun taking this from 20p to £2. Well deserved
lewis winthorpe
10/7/2017
12:24
Finncap's report is an excellent summary of the reasons behind this acquisition. Read it, or remain behind the curve. Finncap have become pre-eminent amongst small company brokers. If their research were so biased they would have gone the way of Daniel Stewart and countless others whose research truly was awful. Instead they are thriving. Blinkers off my friend.
rivaldo
10/7/2017
09:43
rivaldoAs finnCap themselves disclose, "our research on Proactis is not objective".Their "research" is nothing but cheer-leading.Proactis could bid today for Carillon & finnCap would duly write 20 glowing pages about the benefits of such a transformational deal.If you really want to know what's going on, read research other than that written by a broker being employed by the company they are writing about.Else remain delusional!
pj0077
10/7/2017
09:16
:o)) Perhaps PJ0077 should actually read Finncap's new 20 page report on this transformational acquisition before taking such a stereotypical and dogmatic viewpoint.
rivaldo
10/7/2017
08:54
I have in front of me finnCap research on Proactis from last October.On the front page is the disclaimer "Proactis is a corporate client of finnCap. This research cannot be classified as objective"In other works any broker writing research on a client can be instantly thrown in the 'conflict of interest biased bin'.
pj0077
10/7/2017
08:21
Good coverage of the acquisition here: http ://www.proactiveinvestors.co.uk/companies/news/180521/proactis-reverses-ukus-merger-trend-with-100mln-perfect-commerce-deal-180521.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-367168-Proactivity+-+07%2F07%2F2017 Extract: "House broker finnCap said it was a great deal. "The increased scale offers enhanced growth opportunities, extending current UK focus deeper into the US, and mainland Europe; broadens the tier 2 customer base into tier 1; extends the UK public sector focus into the private sector; adds material supplier-led revenue to the buyer-led revenue model with Perfect Commerce’s mature Business Network; and brings evident cross-selling potential based on the contributory companies’ specialisations." The broker has upgraded its foreacasts signficinatly, the underlying profit forecasts rises 122%, as the acquisition accelerates Proactis board’s strategy by five years and creates a global force in the spend management environment. Target price rises to 250p "with much more upside-potential available following momentum from proof of execution"."
rivaldo
08/7/2017
09:08
Worth reading inside employee reviews of Perfect Commerce on Glass door. Glassdoor.co.uk
p1nkfish
07/7/2017
12:09
Looks like a great deal. Lets hope they can execute.
the shuffle man
07/7/2017
11:31
97% of this - any use? Http://www.hubwoo.com/
p1nkfish
07/7/2017
11:23
Nice summary from Techmarketview: Http://www.techmarketview.com/ukhotviews/archive/2017/07/07/proactis-in-100m-reverse-takeover-of-perfect-commerce "Friday 07 July 2017 PROACTIS in £100m reverse takeover of Perfect Commerce AIM-listed spend control and e-procurement solution provider, PROACTIS has announced it has conditionally agreed to acquire US-based Perfect Commerce LLP for an aggregate consideration of up to $132.5 million (approximately £102m). PROACTIS intends to finance the deal through a combination of a £70m placing, a new £45m debt facility with HSBC, existing cash reserves and convertible acquisition loan notes. Subject to approval at a general meeting at the end of this month, the deal is expected to be completed in August this year. This is a huge deal for PROACTIS. It achieved revenues in FY16 (year ending 31 July 2016) of £19.4m (see All bases covered at PROACTIS) and reported significant growth in H1 FY17 (see PROACTIS continues to grow). Perfect Commerce LLC, a provider of spend management solutions with operations in the US, UK and Europe, is a larger business by turnover, achieving revenues of $39.7m (approximately £30m) in FY16 (year ending 31 December 2016). Upon completion, the new enlarged business will have revenues in excess of £50m and will be headquartered in London. Over the last few years PROACTIS has supplemented organic growth with acquisitions—five since February 2014, with the most recent being Millstream in November last year (see PROACTIS adding Millstream to its list of acquisitions). Today's announcement marks a big step-up in ambition. There are strong synergies between the two businesses in terms of technology (mostly SaaS), customers and geographic reach. PROACTIS is reported to have approximately 850, mainly tier 2 customers, with over 2 million users in 90 countries (although it is primarily UK-focused) and Perfect Commerce has 150 customers, including many tier 1, with over 1.3 million users across 83 countries. The e-purchasing market is fragmented and highly competitive, so adding scale makes sense. The deal will give PROACTIS a much stronger position in the market and allow it to better compete with the big ERP-led players."
rivaldo
07/7/2017
09:46
Bound to be a few bumps in the road but PHD have been honest throughout (I have been in a good while and low average price around 26p and read every release & witnessed transformation) and on the money in the past so I believe the cost savings + some and the value added within 12 months etc. Impressive move. If the market wobbles and it pulls back I will add but don't want to chase the price. About 45% dilution in share issuance terms if I remember correctly.
p1nkfish
07/7/2017
09:41
They now have a CEO replacement and TS can get back to focus on the critical FD role that is a full-time job alone even before becoming a bigger group. More moving parts than apparent at first look. rivaldo - thanks. As below, v. useful. "Perfect Commerce operates its proprietary supplier network that it calls 'The Business Network' and which has approximately 970,000 suppliers connected to it........Perfect Commerce has a controlling, 79 per cent. shareholding in Hubwoo SA, a French company which is listed on the Eurolist of NYSE Euronext, in France."
p1nkfish
07/7/2017
08:55
Will we now really have shares in Proactis or Perfect Commerce? With Hamp taking over as CEO, I suspect we will become much more Perfect Commerce than Proactis. There was nothing in the RNS saying where the Group would be run from. And I'm a bit surprised that Rod Jones retired yesterday - why not wait for the merger to go through?
garbetklb
07/7/2017
08:42
P1nkfish, Finncap's upgrade to 250p would definitely be post-acquisition on the increased share capital and fully incorporating Perfect Commerce.
rivaldo
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