Share Name Share Symbol Market Type Share ISIN Share Description
Proactis Holdings Plc 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
  0.50 1.11% 45.50 45.00 46.00 45.50 45.00 45.00 117,520 13:20:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 52.2 3.7 5.4 8.4 43

Proactis Share Discussion Threads

Showing 2726 to 2749 of 6850 messages
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DateSubjectAuthorDiscuss
20/3/2019
08:20
Interesting point SmithieRodney Potts been here for years and has never sold a share, even at £2Alan A been buying through the years at multiples of this priceBut agree they could buy more.
cynical sid
20/3/2019
08:16
& the dirs. not buying meaningful amounts ? If this was a real bargain...surely they would be buying shed loads & they havent.
smithie6
20/3/2019
08:15
That's why PI's should have an advantage over the funds
cynical sid
20/3/2019
08:14
Having sat on fund boards, the worst thing for a fundie is having to keep explaining a PHD with book cost of 170p and MV of 30p. Better just to chuck it out and absorb the loss
cynical sid
20/3/2019
08:13
cynical sid can you give a reason why anyone should buy when after a hummungus fall in the share price from 200p to 29p - the dirs are not buying shares ? (they bt peanuts. effectively zero) - the iis all seem to be selling You are 100% sure that the dirs. & the iis are wrong ?
smithie6
20/3/2019
08:10
Instis have career risk when they have to explain drags on portfolio- "why didn't you do something" questions. They also use tax losses and carry forward. They do sell at bottoms and buy at tops - similar to pis. I agree with Sid.
p1nkfish
20/3/2019
08:09
By your own logic Buywell, the institutions would have known what is happening in the company when they were buying at 180p lol
cynical sid
20/3/2019
08:03
No need for bad language...You obviously know nothing about the insto psyche. Sometimes they just want out because it's too small/embarrassing and an unnecessary distractionJust as a quick example, look at Invesco recent selling of NetScientific and Realm. Shares up nearly 100% since.
cynical sid
20/3/2019
08:02
Three Institutions are now selling They know what is happening within the company as they still own over 13% of it between them Who knows , a fourth might join them yet. Any PI that thinks they know better than these sellers is IMO being a tad unrealistic in thinking they know better. IMO it is the loss of accounts/sales to other companies that is worrying them Debts need to be serviced ... falling/losing sales won't help in that regard IMO
buywell2
20/3/2019
07:58
uh ? " the instis are selling at 29p because they are upset that they paid ~155p in the last fund raising" with respect ...that argument is complete rubbish (Im sure they are annoyed....but a more logical conclusion would be that they want to buy at 29p after paying 155p in the last fund raising....& they are not. Why ? I think it is 'cause of the debt of around £49mn coupled to the retention problems clients in Jan/Feb. & stated -ve forward pipeline. & the lack of data/numbers for those problems from the co. probably doesnt help. What are the shares worth today ? no idea. ...if the big debt becomes a bigger millstone as 2019 develops then a fund raising or sale of the co. might be needed....& at what price might those things happen ? (if the co./enterprise were sold for a total of £40 mn (including nett debt taken in) then it infers that the shares would be valued at zero. 40mn is the nett debt; the big debt is a real -ve problem for shareholders if the co. were to be sold). The £49mn debt & collapse in the share price is likely to be -ve for retaining clients and/or signing new ones....& the co. doesnt need any additional -ve factors.
smithie6
20/3/2019
07:12
The instos are selling because they are annoyed that they overpaid at 165p and above, and the story isn't as good as previous CEO told them.My point is that it's not that bad either. The share price is 20% of what it was. And the vast majority of the revenue is recurring. I've made a lot of money through the years doing the opposite of the iis. The risk/reward here is now really exciting. But you guys should do what you want!
cynical sid
19/3/2019
22:16
Cynical Sid if the true/real interpretation of the financial numbers are what you say then can you explain why the iis have been selling and the mkt has reduced the share price from the last bounce peak of 45p to 29p today ? ---- dont you think your view/reading of the nos. might perhaps...maybe...possibly...be wrong ?
smithie6
19/3/2019
21:19
Dear oh dear. Still people quoting the smelly EBITDA numbers. People deserve what they get IMVHO.
eezymunny
19/3/2019
21:00
Another 1.7 /1.8m sold by the big guns showing today. Anyday now and this rebounds
sunnybeachboy
19/3/2019
16:47
Market cap £27m, debt £40mTurnover £53m and EBITDA £10-15m
cynical sid
19/3/2019
16:45
Bought more at 29.25p...quite a decent position now. Hopefully we will start to see a bottom. EV for business including all debt less than £70m which seems crazy.
cynical sid
19/3/2019
10:59
nett debt 40mn ...if I remember correctly the bank debt is ~49mn & there is/was ~ 9mn cash...or is my memory slipping... 49mn....whopping.. with cap. value of the shares at 28mn..... the ratio of debt over cap. value (49/28) is not good...& shows that the mkt is not happy....as we msg brd readers all know already ---- 20mn new facility would be supported by clients invoices...& not by PHD assets imo....so it is imo largely irrelevant to the solidity wrt PHD debts/loans
smithie6
19/3/2019
10:30
re: the debt, there is a poster on l-s-e who had been in touch with company and reported: "There is no intention to go to market for any funding round. The Company is not in breach of its covenants (otherwise it would have announced that it was). On the contrary, the Company enjoys a strong and supportive relationship with its bank, HSBC, who has just signed an additional facility of £20m to support a specific product within the Group's prospective growth plans."
mister md
19/3/2019
09:57
There are now 3 Institutions selling this They still have circa 13% left between them All still have above 3% each
buywell3
19/3/2019
09:47
imho they must have surely broken the loan conditions I think my rough calc was a debt of 6-8 times the cash being generated....much higher than what most lenders would accept (3 , 4 phps ?) & that may well be why iis are selling despite the share price being a fraction of what it was at last cash raise....so clearly they dont like the story/situation...nor the dirs since they 'basically' are not buying....at all I got out as the "last" !! bounce failed to continue...avoiding a 25% fall since then....phew.. ---- considering if you would buy the whole co. if you had the cash ...is a great valuation method imo ..at the moment I wouldnt pay anything to buy this co....due to the big debt and client retention problems...& poor sales 'pipeline' ...& poor info flow to the mkt.
smithie6
19/3/2019
09:39
Apparently the loans have a 2.5x LTM EBITDA covenant. Not clear what the EBITDA includes (generally a lot more adjustments than they make in filings), but they're likely going to be pretty close to their limits. More likely that they renegotiate headroom (and give a bit of a higher rate) with HSBC than capital raise, but its not off the table.
durthur
19/3/2019
09:15
That's exactly right, nobody knows! People guess - often in the form of predictions which they try to make sound very convincing. I bought in at what I thought was near the bottom wrongly at 40p but as long as I'm somewhere close then I can live with it. Ive averaged down several times since, but i wont do it again now. Its time to let it play itself out. Let's see what happens over the next few weeks/months!
eggbird
19/3/2019
08:50
Hey, I don't predict 10p. That's just a scenario if revenues keep falling, loan covenants breached, followed by fund raise. None of those on the cards right now AFAICS (tho we're not told what covenants etc are on the bank loans)... I'd be surprised if it falls much further from here but you know, nobody really knows...
eezymunny
19/3/2019
08:42
something just doesn't look right here...more II's selling including the main shareholder too?
pre
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