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
  -0.50p -1.20% 41.00p 40.50p 41.50p 41.50p 41.00p 41.50p 537,994 09:57:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 52.2 3.7 5.4 7.6 39

Proactis Share Discussion Threads

Showing 3101 to 3122 of 3850 messages
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DateSubjectAuthorDiscuss
29/4/2019
09:17
It would be a very bullish sign to see Richard Hughes buy a chunk of shares over the next few days. I'm very happy with my investment here, and will be adding soon.
eggbird
29/4/2019
09:13
The ex-acquisition is ESIZE and the fall is down to Perfect. Strip out Perfect. Perfect is the issue and its known but Perfect was bought for more than one reason - tech capability, acceleration of APF capabilities, full online handling in marketplace. That is worth a few $'s but hard to put a fast value on until the new offerings using it are launched. They overpayed and need to clear up the mess, which they will do well. Meanwhile their account base is impressive.
p1nkfish
29/4/2019
09:12
LolSo you would also say the Coupa comparison is stupid too!?You still haven't explained why you are so bitter towards this company...were you one of the cost saving redundancies??
cynical sid
29/4/2019
09:05
I'd say, cynical sid, PHD shareholders best hope here is be be taken out. Somebody might just find the price/sales attractive and pay a small premium. But really, with revenues (ex acquisition) falling, customers presumably going elsewhere etc, is there really anything here that anybody would want to buy? PRSM revenues are going through the roof and there's no debt to worry about and they are completely different to PHD. Mr Market (usually incorrectly) put bonkers valuations on stuff like PRSM. That's absolutely irrelevant for PHD IMO. The comparism of PHD and PRSM is the stupidest one I've seen in decades of investing. Bless you.
eezymunny
29/4/2019
09:00
It's all about the debt level and chucking out the divi to address that whilst having to bring Perfect into line. The strategy makes total sense but strategy is one thing, executing quite another and they haven't fully outlined the execution steps. Probably because it's too much of an internal set of processes. I have confidence it will come very good so long as they get back to their knitting. The Hubwoo capabilities will be most useful - just a shame the debt level ran up so fast. They overpayed for Perfect and it will remain so unless they get real traction in Perfects customer base with up-sell and cross-sell.
p1nkfish
29/4/2019
08:50
If you want a more relevant comparator that PRSM, take a look at Coupa...$6.3bn and still loss making
cynical sid
29/4/2019
08:48
EezyMunny seems to have an intriguing grudge against PHD...wonder what the background is!?Don't see how anyone can be too bearish on a company capped at 50% of its revenue in a highly rate sector (trading on 3-10x revenue)
cynical sid
29/4/2019
08:48
Time will come when undervaluation will be combined with being unloved and in an uptrend - great when that happens. Needs time to address debt and get growth moving again and APF running. Look for Autumn news around Re-Think UK 2019 imho.
p1nkfish
29/4/2019
08:45
If there is share price weakness in the near term henceforward it's now down to speculators becoming bored and realising they have to hold so selling and moving on. No bad thing. All the others are already out.
p1nkfish
29/4/2019
08:43
Nonsense about obfucation, they have laid cards on the table.
p1nkfish
29/4/2019
08:43
Just email the company, they are happy to share debt covenant terms (although not exact definitions of how items like EBITDA are calculated).
durthur
29/4/2019
08:42
If they were close to breaching covenants, why would HSBC have committed another £20m for APF? And again, why would directors have been buying??
cynical sid
29/4/2019
08:42
Obfuscation this morning … only delaying the inevitable Mr Market always wins
buywell3
29/4/2019
08:40
The customers, sale cycle, average contract, ARR etc etc are very similar. The companies have worked together and similar history PHD valued at £27m with directors buyingPRSM valued at £1.5bn with directors selling
cynical sid
29/4/2019
08:38
They have a £50M Debt facility of which they have drawn about £39.5M and are within covenants. They can whittle away at that. Meanwhile the below is worth re-reading as HSBC have offered up £20M for the start/test that doesn't look like a PHD liability so not part of the £50M facility and not yet drawn anyway. PHD take a fee, probably not offering credit. A UNIQUE OFFERING according to HSBC. "The Group intends to offer an accelerated payment service to suppliers to facilitate growth or working capital benefits in return for a small discount. This opportunity has been previously deferred because of the technology transition referred to in the previous paragraph. The Board considers that this is a significant opportunity and the Group is now in a position to pursue it vigorously with new resource being recruited and permanent re-allocation of existing capacity planned." "The technology and commercial model acquired with Perfect is much more advanced than Proactis’ own equivalent technology and commercial model and the Board believes that the realisation of the supplier opportunity within the Proactis customer base will, as a result, be de-risked through the adoption of this technology and commercial model."
p1nkfish
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
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