Proactis Share Discussion Threads

[mrshaungcm] 30/12/2019 15:27

appear to be getting top dollar for their sells - somebody paying top dollar?

[cureboy] 30/12/2019 15:06

Here come L&G selling off a piddly amount again. No need to read the RNS's these days 'cos if it's mid afternoon it's always the same thing.

[coldspring] 30/12/2019 13:13

48.99 for a thimble full of shares despite recent selling. Patience brings the bigger rewards

[p1nkfish] 30/12/2019 11:59

Could say the same about TB & JS.

[jonstrawberry] 30/12/2019 11:20

If it walks like a duck and quacks like a duck, then I’m afraid it’s a duck.

[97peter] 30/12/2019 09:39

Let’s see if today and tomorrow, we can get to 55p?

[escapetohome] 27/12/2019 16:29

Stringing it out seems plausible to me , protecting the value of the business, whilst they turn the company around.

Look at companies where they didnt protect their business and shareholders .

Their share price goes to a stupid level, say 5p.

THEN THEY RAISE MONEY AT 5p. THE GAME IS LOST.

PHD have benn very very clever with their FSP Mask.

[lewis winthorpe] 27/12/2019 16:21

Lol reading the negative posts. Relax. A quid was muted in July. It hasn't gone away, at least 3 in the mix, up to them. The company regardless is now setup to succeed. FSP or not.Again, relax. More traders out of this the better.

[p1nkfish] 27/12/2019 16:10

Paulie, and what is interesting is that the price statement was AFTER they had thanked larger shareholders for their idea of the value. In other words the price sounds like having met the value criteria, hence attractive.

[97peter] 27/12/2019 15:50

Agree Paulie, this is just MM trying to get the share price down to 47 or 46 to trigger auto sells and panic PI’s. It won’t work, we are here for the long term and only a share price of 115 before I sell.

[pauliewonder] 27/12/2019 15:37

Agree. The board confirmed a couple of months ago that the form has received offers at a price at which shareholders may find attractive. Would expect a positive resolution to this. I would be happy with 80p+ although wouldn't surprise me to be a lot higher

[coldspring] 27/12/2019 15:25

Blimey the mm's really ARE desperate for shares.

[p1nkfish] 27/12/2019 15:24

It takes two to tango.
Note the potential buyers are still at the table! They would have walked a while back. My take is failure of the FSP will be when management kick offers into touch, not because potential buyers walk.

This next level of due diligence is exactly for that purpose. Does Proactis believe those making the offers can deliver on their proposal for all stakeholders. Yes or no.

Proactis now hold the cards.

[whatthe] 27/12/2019 15:06

I think there is very little chance of the FSP concluding at this stage. From which we will be able to conclude that all the major players in the market will have looked at this and decided it's not worth it even at this incredible low price and at a point when it has never been cheaper for companies to buy assets in the UK with exchanges rates. That means that the only way out of this for PHD shareholders will come from organic growth. The last set of figures on this front was woeful. The current leadership have proven unable to run a sales organisation and they have not announced any significant new deals in last 18 months apart from a very weak announcement about a new German deal which had no numbers or values attached. My prediction no sale, another set of poor numbers for H1 at the end of January. Further fall in share price

[p1nkfish] 27/12/2019 13:27

Reducing share premium has flipped this on its head as now they have options on future divi. Expect metrics to improve on debt etc.

[p1nkfish] 27/12/2019 13:26

Jon's, low bids would most certainly have been kicked into the long grass by now. The "due diligence" mentioned, to me, reads as PHD due diligence on the proposals not buyers due diligence on PHD that should already be complete via data room and presentations by management,

In other words cards are in the hands of PHD and results and AGM will only strengthen their hand.

Now expect no low price, no chasing a buyer.

[p1nkfish] 27/12/2019 13:22

A move above 54p will change sentiment.
Recent 48p low is one of 3.

20/12-23/12
21/11
25/09

I was expecting break down below 48p.
Some selling may be US tax loss ready for 1st Jan, new tax year.
Depending on timing some say 27/12 is last day for such selling, I always thought it was up to the wire on 31/12.

If it is US selling then that pressure should diminish soon.

[jonstrawberry] 27/12/2019 13:16

Are you suggesting they are testing how serious the interest is by stringing it out? Extravagant theory :-)
My guess is simply that the data room has revealed enough underlying issues to keep any bids unattractively low, and those underlying issues are also suggested by my point 2 - the market’s low valuation.
Hence my comment, it’s a dog.
Doesn’t make it a bad long term investment if you think they can catch the market trend. But still a dog right now.

[p1nkfish] 27/12/2019 13:13

In fact I'm amazed how long the FSP has remained open.
PHD has stuff others want.

[p1nkfish] 27/12/2019 13:03

JonS, PHD has been at a lower multiple to many peers for a very long time, nothing new. Numerous reasons.

FSP has taken a long time as there is no rush. PHD probably want top dollar after consultation with big shareholders over the value AND the longer it takes the better as PHD pulls itself out of its funk.

You think the transaction price will be lower once they have reduced the share capital (out of net debt), have another set of results under their belt, AFP out in the open and show they are standing alone ok? Dream on.

Not to mention reduced Debt/EBITDA and possible runway to divi re-instatement.

Much to look forward too from this price level.

[97peter] 27/12/2019 12:38

Alll buys and blue today, but still the markets and II’s are keeping a lid on it. This will explode above 65 on Monday as all the L&G shares have now been bought and the shares available dried up, can only go one wat!

[cureboy] 27/12/2019 12:33

Mm’s desperate for stock obviously.

[kirk 6] 27/12/2019 12:26

Was it not this exact time last year you set up an account Titan?

[97peter] 27/12/2019 12:25

Strawberry are you invested here or just down ramping with the MM’s?

[jonstrawberry] 27/12/2019 12:16

Phd is a dog of a company...
1) the FSP is going nowhere. Acquisitions in this market take weeks, not 6 months. The data room revealed enough that no prospective buyer is tripping over any other to close this out. Time kills all deals.
2) the business is trading at a multiple of less than 2x revenue, when its peers trade between 15x and 35x. This reflects what the market thinks of strategy, leaders, performance and outlook. In other words, without an acquisition it’s Donald ducked.
All imho.