Proactis Share Discussion Threads

[depjoe] 25/3/2019 18:28

but it could go down desperate dave

[depjoe] 25/3/2019 18:28

Oh dear dave

[dave4545] 25/3/2019 18:25

It was 29.5p full offer online right before the close so if buyers can actually hold it could turn and get back over 30p in the morning

[depjoe] 25/3/2019 15:13

Oh dear dave
desperate dave
so why dave do you keep changing your name
why are you always trying to hide something

[dave4545] 25/3/2019 15:10

Guessing some of the twitter crowd are back in to try and scalp 1-3p out of this again.

N/T at 29p but it's struggling to break the downtrend because just when it gets going the traders all bail out again

[smithie6] 25/3/2019 13:42

with respect

complete and utter rubbish imho

the ONLY signals that are real/useful from the charts imo is

that the bounce after the last big fall....failed to continue....inferring a lot of weakness...and that the fair share price was viewed by the mkt as some price below 45p..(the bounce peak) & below 35-40p...the low after the crash that failed to as as support

---

& in any cash...imo there is NO WAY that charts can predict share prices after step falls from 200p to 29p

imho anyway

---

today...price to sell moved down to 28p...a new low..not looking strong

(myself I think the mkt is worried about that 49mn of debt....coupled with a reduction in current & future trading...including losing clients....& that the fact that dirs. have not backed up trucks to buy shares...& continued IIs selling...&...)

---

& in any case

for the 20 day average to move up thru the 50 day average & hence generate a buy signal for chart followers....the share price will have had to move up a fair amount...
so
charting & looking at crossing of 20 day & 50 day averages is not a good method for anyone hoping to buy close to the bottom....'if' the share price manages to change direction (or maybe keeps going down !, debt problem....who knows ..time will reveal all !)

[buywell3] 25/3/2019 11:58

On 9th March I posted this when PHD was messing with 38p ... the post was and still is intended to point out charts and TA and how they play into share price outcomes.

They do so because the trading algorithms used nowadays utilises such data which is why we get the repetitive type chart shapes we do including cycles within them time wise ... which is common sense because of results dates being the same or very close.

You will note today the 100ma is just about to penetrate through the 200ma to the downside = bearish




OK

This post is purely based upon the Chart and some TA observations ... nothing else
I have zero position here.

But what I will say to start with that the above two observations have been caused by larger shareholders selling/buying .

The list of Institutional shareholders is pretty long , and more than one of them are now starting to sell hence this:



Note in the above the two sets of ma crossovers both coinciding with the recent drops and particularly look at the 200ma, I assume you guys know all about crossovers so I won't expand here.

Now look at this one:



What we see here is that the 200ma has been very supportive of the share price right up to around sept 2017 when it started to flatten off and then started to fall back late march early april 2018. That 200ma previous support has now well and truly been lost.


Lets look at last 3 month daily volumes:



Volumes spiked upwards in those 3 days leading to the big 40p drop

That was followed by a 10m plus buy day volume that took it back to 45p

Then we had a couple of days of INCREASING volumes with a drop in share price (increased selling)

Then a bit quieter day followed by 7m day even greater selling volume than any volumes in the previous 3 days.



All of this tells us in pictures what we know
Big Holders of this are bailing , if and when they stop the share price will reach a bottom , is this it ?

Let us look at the long term chart supports



Three supports here that might be tested if no positive news-flow stops the selling or some other big buyer steps in and soaks up all the sells.

First at 30p ( bottom slanted chart lows support line)

Second chart lows at 20p

Third chart low at 10p

You takes your pick ... if you trust/like charts ... I have to say I do.

Conclusions:

A) IMO this is now VERY HIGH risk ... I have know knowledge of the CEO who is going to either sink this through what the market must view as dodgy acquisitions (at the moment) or make it recover if it takes longer for the acquisitions to add value than he thought/planned.

B) Is the chart bottom in ? We don't know yet and many investors and computer algorithms used for buying/selling shares are based upon chart patterns and volumes as well as other TA data.

C) Would I buy now based upon what I have just looked at ?
Honest answer no , which is why I said I don't hold. Would I buy in the future ?
Probably not, this type of company and sector does not float my boat but granted if you had have bought it back at around 10p late 2008 early 2009 , you could have launched several boats , some quite large, over the next decade.

D) The future for this share now rests fairly and squarely on the mettle of the balls of the big shareholders.


Just looked at RSI and Slow Stochastic for oversold TA clues

Feb action suggests these could bumble along for another few weeks at these low values

[p1nkfish] 24/3/2019 12:20

Interesting disconnect though.

[smithie6] 24/3/2019 11:45

if PHD owns ~ 90% & cap. value is ~ £20M....so only £2M not held by PHD....ie. peanuts

I dont think anyone will offer a short on it...especially not for a UK shorting accnt holder for a share listed elsewhere in Europe

..Im 99.9% sure

too high a risk for the broker...& minuscule demand so its not worth the admin. cost to set it up or obtain some shares on loan for clients to then sell

[p1nkfish] 23/3/2019 21:02

Hubwoo (Proactis SA) 6 months results 30th April 2019 and might throw more light on the current situation in that division.

To 5th Feb 2019, Hubwoo ticker changed, can only see price to that point as Hubwoo.



Symbol is now PROAC and at 0.17 Euro, little correlation to PHD price moves. Lightly traded and small float. Rose convincingly early January and not seen a pull back on recent PHD results but now at a critical level that if it breaks down through could see a decent fall.

The Business Network (Hubwoo/Proactis SA) is still running with invoices, transactions etc.

[p1nkfish] 23/3/2019 16:24

27th March roundtable, worth a read,

[w1ndjammer] 22/3/2019 14:46

would traders have been trying to catch a falling knife though,

or were the buys shareholders just averaging down.

maybe the traders will come in now the price seems to be stabilizing.

i am in for the long hall anyway, will buy some more in a few days

lets see....

WJ.

[alamaison5] 22/3/2019 14:01

Traders are still around but now waiting to get rid of their shares.

These guys were in for a quick buck and bought from 35p down to 30p.
My concern now. if I want to trade it, I know that those millions of shares traded earlier this week will be sold onto any rise...

Therefore PHD should be trading sideways for a quite a while...

[coldspring] 21/3/2019 16:04

So another 175,000 sold in 2 chunks this afternoon. With each sale we are getting closer I hope.....GLA

[mister md] 21/3/2019 14:27

Seems the traders have moved on?
Lewis Winthorpe - you've written some decent posts on Proactis. Hoping to see a gradual recovery here

[newtothisgame3] 21/3/2019 10:26

!FOLLOWFEED!YOUTUBEVIDEO:lO40FlquJ0I:
Wetherby-based procurement software specialist Proactis has secured £20m in funding from HSBC UK to bring new technology to the market.

The funding will allow the listed company to roll out proprietary technology that aims to support 'frictionless cash flow' between businesses. It is also set to help larger businesses to manage their supply chains.

Anthony Persse, financial solutions director at Proactis, said: "There is a disconnect in the current payment culture that benefits neither buyers nor suppliers. It stymies investment as well as working capital.

"We have been exploring technologies that can improve access to working capital by accelerating payments to suppliers. Our approach will disrupt traditional funding solutions that are not addressing the real needs of businesses. Through our accelerated payment technology, we will re-establish positive business practices through effective collaboration and simple access to cash."

Wayne Shadlock, global relationship director at HSBC UK, added: "We began working with Proactis over 15 years ago and this is yet another example of its innovative thinking. We have a keen understanding of the benefits of accelerating payments through the supply chain and the new technology is both scalable and unique to Proactis. The business is well positioned to drive widespread access to liquidity for SMEs, which will ultimately boost cash flow and support economic growth."

[eggbird] 21/3/2019 10:14

Let's hope so!

[lewis winthorpe] 21/3/2019 09:34

Peace at last!

[alamaison5] 20/3/2019 17:18

Knowing20 Mar '19 - 15:55 - 2774 of 2778
Isn't it strange that with the share price as depressed as it currently is people still deramp it but for what motive one asks !!

Knowing: Why being so defensive? I am not going to nick your bone straight out of your mouth, lol.
We, individuals, have no powers in influencing the direction of a share price. If you think you do then think again...

These BBs are been created to encourage punters, past/future/present, to express their personal view and experience.
I personally have no agenda and I hardly ever short. Definitely not a company that has lost so much of its value in such a little time.

I have been considering buying into this stock ever since the profit warning.

The good points:
No shorts opened
RSI at 10
Punters interests
Getting nearer to a more realistic valuation (+ or - 15%)

[w1ndjammer] 20/3/2019 16:28

ala

yep had current yacht 10 years now...

heading back south in a couple of months.


Happy to buy more of these, profit warning was because they had previously
said growth would be impressive, had they not been bragging, no need to warn.

WJ.

[p1nkfish] 20/3/2019 16:16

Knowing, some people are just weird.

Durthur, totally agree but I do find charts and momentum useful except when panic strikes or some extraneous shock, then useless.