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
  +0.00p +0.00% 40.50p 40.00p 41.00p 40.50p 40.50p 40.50p 20,343 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 52.2 3.7 5.4 7.5 39

Proactis Share Discussion Threads

Showing 3076 to 3099 of 3850 messages
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DateSubjectAuthorDiscuss
29/4/2019
08:38
The truth of the matter IMO is that bigger holders are now locked in The first to try to bail could trigger others to do likewise Coming global macro events could soon trigger such actions IMO
buywell3
29/4/2019
08:35
They haven't breached covenants, possibly because the bank was daft enough (IMO) to put EBITDA based covenants in. Given the current situation PHD really OUGHT to tell investors the whole story re the debt (most companies detail it in the AR) IMO. You can bet they are having some very difficult conversations with their banks IMO. PRSM a completely different sector FFS - robotic process automation. PHD is in eprocurement. They are simply poles apart. lolololol
eezymunny
29/4/2019
08:33
I read the results several times this morning. Not really negative but not that positive either so decided to sell to use the money elsewhere. Be surprised if there's any wild swings in the price unless the directors pile in for shares which would be a good sign and I would then buyback some
dave4545
29/4/2019
08:29
If they were breaching their covenants, why would the directors be buying at 2x this price? They would just do a placing and invest in that
cynical sid
29/4/2019
08:26
Why plain stupid?? What is so different about their offerings, business model, customer base etc etc
cynical sid
29/4/2019
08:20
A comparison with PRSM is just plain stupid. 1.5m free cash flow vs that debt is a disaster IMO and stinks of placing to come. Why is there still no covenants detail in the narrative? I can guess that covenants are base on adj EBITDA (lolololol IMO) but when the loans expire you can bet your life (IMO) that EBITDA won't be seen within 5000000 miles of the covenant statement for any new loans :)
eezymunny
29/4/2019
08:10
The Interims were better than I expected and they haven't dodged ditching the divi to address debt and a new CFO who has some decent background internationally and most likely stress tested at Pace. Good tight knit northern management team in the offing to clear out under performance, US BS & get German and French operations in line with UK & Netherlands. Recovery has started.
p1nkfish
29/4/2019
08:08
It's generating cash It has ARR of £47m which is loads of headroom to drive bottom line and improve cashBlue Prism is loss making and valued at 50x PHD
cynical sid
29/4/2019
08:06
Of course they can & will.
p1nkfish
29/4/2019
08:05
The 7m cash is totally drowned by the debt FFS. The balance sheet is an a desperate desperate state IMO. Working cap deficit grown to 11m (that's a short term problem, hence likely placing IMO, 20-40m?), and they have deferred income 18m - that's cash they've already received for work to be done in future!). It is IMO absolutely teetering, but who knows maybe they can turn it around.
eezymunny
29/4/2019
08:03
CS, totally agree. One to put in bottom draw and forget whilst the storm passes. New CFO, X-Pace, must know a thing or two about coping with turbulence. Hope whomever wants to sell does so this week to finally clear the decks.
p1nkfish
29/4/2019
08:00
This is good, no nasty surprises. We can rebuild from hereARR of £47m is great, almost same as Blue Prism which is £1.4bnAnd then for the APF and an emerging fintech story...
cynical sid
29/4/2019
07:58
The market will decide what this is Is it a company in trouble Does it need a new CEO that can spot a bargain buy and not overpay Mr Market will now decide
buywell3
29/4/2019
07:58
Hahah, battle of the shorters vs those with a bit of faith, Eezy, you did read the balance sheet that stated they had £7m of cash? Why would a placing be required at a 66% discount to the current price?
74tom
29/4/2019
07:57
The outcome of the review looks sensible, but cash collection as a % of revenue has deteriorated over the last year. Account receivables to Jan 19 are £26.5m, or 95.6% of the £27.7m revenue. The corresponding figure for H1 last year was £18.9m and £26.3m or 71.8%. I like the underlying business, but there appears to be a lot of work to do here.
eagle eye
29/4/2019
07:54
It's a solid business that will survive and prosper after over-reaching on a big acquisition. A big acquisition BTW that has offered acceleration of a supplier side offering it would have taken even longer for PHD to achieve using their own tech. Read up on that. This is an investment, not a speculation. Speculators kindly b*gger off.
p1nkfish
29/4/2019
07:54
20p chartwise repeat now looks very likely IMO, possibly today This chart pattern has become a 'waterfall pattern'' . I kid you not Hope you guys don't get wet buywell3 27 Apr '19 - 09:35 - 3067 of 3085 Edit You don't get a chart like this without reasons If the news is terrible then 20p is doable ..... again
buywell3
29/4/2019
07:50
This is why Charts are so good … they saw this coming No dividends for the foreseeable future Big debt problem to solve and cash raising with a new CFO looks assured The acquisition/s have not done the trick … therefore IMO they overspent buying them and offloading them will be at a big loss Rampers here of late should be ashamed of what they have posted
buywell3
29/4/2019
07:46
Debt has increased. Working cap deficit has increased (and it was already scary as hell), revenues falling (ex acquisitions), only 1.5m free cash flow (abysmal IMO and yet they continue to highlight results with all these useless and (IMO) irrelevant adjusted EDITDA numbers. Suddenly this narrative says "we have a lot of debt" (18xannualised FCF? ouch). We're going to have to slash expenditure to try to make some money. Gawd knows what that will do to already tumbling lfl revenues. A placing I'd say now looks very likely. 10p anyone?
eezymunny
29/4/2019
07:43
Thanks p1nkfish, you beat me to it. Video: A results overview and strategy update by Tim Sykes, CEO. Link above works, or watch on piworld: Https://www.piworld.co.uk/2019/04/29/proactis-phd-interim-results-strategy-review-april-2019/
tomps2
29/4/2019
07:41
Eggbird, it's not over yet but even the negative will become a positive. Debt will be addressed, ship tidied and after stabilisation it will motor. It's an investment. Like the look of the new CFO, just the type this needed. GLA.
p1nkfish
29/4/2019
07:38
Watch Http://bit.ly/phdh12019
p1nkfish
29/4/2019
07:36
§ A comprehensive programme is in place to reduce debt levels Good to address debt, people holding 3-5 should be richly rewarded imho. "which includes the suspension of dividends for the foreseeable future."  
p1nkfish
29/4/2019
07:36
As you've stated time and time again it was all just a growth warning.. Well oversold imho
eggbird
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