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
  -0.50p -0.49% 102.00p 100.00p 105.00p 103.50p 102.50p 102.50p 42,761 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 25.4 -2.7 -5.9 - 94.79

Proactis Share Discussion Threads

Showing 1626 to 1648 of 1650 messages
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
18/8/2018
00:01
Strategic Equity Cap end of year report is due. Interesting to see if they comment on PHD investment.
p1nkfish
17/8/2018
23:55
All change at mill. Spendmatters mention Simon Dadswell moving on and replaced by a Millstream manager. "More people news and Simon Dadswell, marketing supremo at software solution provider Proactis, has left the firm after 9 years, during which time he played his part in their rapid and successful growth both organically and through acquisitions.  Many procurement professionals will know him as a regular (and sensible) speaker at conferences – what will eWorld do without him!? He has been replaced by Penny Godfrey who was previously a senior manager with Millstream, acquired by Proactis in 2016. We wish Simon all the best in whatever hoe decides to do next – and of course also wish Penny well."
p1nkfish
13/8/2018
21:33
The vendor finance hire is out of Ultimate Finance, Tavistock Group owned company. Now they have a driver for that new offering we should start to see it show up 12 months from now, HTTps://www.businesswire.com/news/home/20180813005007/en/Proactis-Appoints-Anthony-Persse-EVP-Financial-Solutions
p1nkfish
12/8/2018
17:09
Progressive :The announcement begins with an update on trading for the year to 31 July. Given that the year ended so recently, the statement is necessarily brief; revenue of c£52m is shy of our £56m estimate, but EBITDA is pleasingly ahead of our forecasts, at £17m vs our forecast £16.5m. Revenue for H1 was some £25.4m, which does not suggest material organic growth in H2. Nevertheless, new name client wins (64 for the year) imply that the Q3 "hiatus" previously described has in large part recovered, and the upsell deals (119 in FY18, up from 110 in the prior year) are also well ahead of the company's target of around 100 per year. We comment further overleaf. The group has concluded a moderately-sized acquisition, paying up to €15m for a Netherlands-based Cloud-native (SaaS) provider of spend management solutions. The acquired company, Esize, has a degree of overlap with PROACTIS, but also offers travel and expense management, and contract labour. The deal clearly brings added geographical focus in the Netherlands region where the roughly 60 customers and 50 employees are based. As detailed overleaf, we make a number of changes to our forecasts, to reflect the better granularity for 2018 (where we map to the stated figures) and to include Esize in our 2019 numbers. We will add 2020 forecasts once 2018 is reported. The group appears to be moving on from its recent difficulties – management admitted in April that Q3 had suffered from a number of largely one-off issues. New client and upsell metrics strongly suggest that the business is now returning to form – even if this is yet to show in revenue - and the acquisition should provide opportunities for up-sell and cross-sell over time. We are pleased to see that the recent challenges have not derailed the group's long-term strategic ambition, and as long as FY19 tracks to plan and client churn can be mitigated, the benefit of much of the recent and ongoing M&A will hopefully
davebowler
10/8/2018
09:51
Proactis can help. Look at public sector spend available. Get in both buy and vend ends and it's easy to see the potential in this single target sector alone. Https://www.supplychaindigital.com/procurement/comment-european-single-procurement-document-what-it-and-why-should-you-care
p1nkfish
09/8/2018
16:59
Odey betting against the £ in run up to March 2019. PHD might see some slight benefit on currency conversion.
p1nkfish
09/8/2018
12:40
Moving up on level2
rubberbullets
09/8/2018
10:31
Can see these back over 160
rubberbullets
09/8/2018
09:09
Progressive Equity Research note out: PROACTIS has given a (limited) update on current trading, and has announced another acquisition – a sensibly-sized SaaS business in The Netherlands. We update 2018 and 2019 forecasts, and are pleased to see the group has not been derailed from its strategy by the hopefully one-off issues affecting Q3. New fcsts are Adj eps 9.3(2018), 11.7(2019). EV/EBITDA 7.7(2018), 6.6(2019) PER 11.2(2018), 8.9(2019) htTps://www.progressive-research.com/research/update-on-trading-and-dutch-deal-announced/
aishah
08/8/2018
22:39
Esize bought at approx maximum: 3x Revenue 8.8x EBITDA 25x profit before tax 3-5 yrs is a long time, we don't know what the debt level might be, but those metrics applied to PHD could give a very rough guide. By then at least one major competitor (VC backed at high valuation) will probably have blown up. Hamp Wall said he wants to be around when that happens and I guess there will be a lot of customers & talent to pick-up as a consequence, probably going cheap.  The landscape will be different and scale matter even more. I think the current price is a good entry for the patient.
p1nkfish
08/8/2018
22:20
Granted, below is a shareholder expectation of 100M+ but it is off Proactis website and management are also shareholders. I wouldn't be too surprised if, behind closed doors, management are at the least this ambitious or even more so but daren't express it so call it "shareholder" expectation and give 3 years as the lower time limit and not 2.5 or 2. "Proactis is expected to report record revenues for the year ended 31 July 2018 of more than £50m, with shareholders expecting this rate of growth to accelerate substantially over the next 3-5 years to £100m+."
p1nkfish
08/8/2018
10:48
So much so that it needs re-stating!
gargleblaster
08/8/2018
10:48
Good bounce-back
gargleblaster
08/8/2018
10:47
Good bounce-back!
gargleblaster
07/8/2018
20:16
Broker forecasts but for both this and next year. They are economical with the truth.
horndean eagle
07/8/2018
14:59
Full price being paid Nice 28k buy
rubberbullets
07/8/2018
12:27
I think Proactis has a talented management team, but I understand the criticism over adjusted EBITDA. Recognizing profit before cost of financing does window dress figures and likewise, tax needs to be deducted. PHD doesn't write off it's £5m R&D annual spend either, but capitalizes it which also flatters current earnings per share. If Proactis hadn't lost two (non-core) significant contracts then I don't think investors would be so picky, but it's horses for courses and I understand why some people are critical.
eagle eye
07/8/2018
11:12
In future £2 will be cheap.
p1nkfish
07/8/2018
11:03
Try reading what I said PJ. All I said is that using adjusted EBITDA is awful IMO, and they probably didn't make much, if any, cash backed profit in H2. The future is another matter. Just wish these companies didn't use such childish headline numbers.
eezymunny
07/8/2018
10:58
It's a strong buy. Was when aub 30p too ♧. Watch what happens as supplier finance side achieves traction. Lower margin but boy can the numbers ramp quickly. Expect news there in Next 6-18 months now driver of that bus is on-board as of 1st Aug. Tie-in with Hubwoo and it's potentially explosive. Extracting value from the sell side in both the buy-sell market and their invoicing. Not like incremental costs need to be high when the infrastructure is in place. Can scale quickly. Exciting at this price.
p1nkfish
07/8/2018
10:50
You seem a bit grumpy EezyMunny, chillI see Finncap are forecasting a FREE CASH-FLOW yield of 10% for next yearMaybe the EBITDA isn't such a smokescreen after all!#LOLZ
pj0077
07/8/2018
10:45
This from finnCap: 'We adjust forecasts to match updated FY18 guidance, adjusting FY19 as trading stabilises and gains strengths and support from Esize. At an astonishing FY19 free cash flow yield in excess of 10%, Proactis retains strong upside from forecasts adjusted to offer an opportunity for outperformance, while representing a realistic take-over target, with peers valued at multiples of Proactis multiples'.
mfhmfh
07/8/2018
10:31
Up to you if you want to kid yourself that adjusted EBITDA is anything but a smokescreen. Let's see what the world's greatest investors have to say about it... www.oldschoolvalue.com/blog/investing-perspective/buffett-klarman-ebitda/ "People who use EBITDA are either trying to con you or they’re conning themselves" Whatever, I expect you're much smarter than Buffett and Klarman...
eezymunny
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180819 23:39:43