Proactis Share Discussion Threads

[p1nkfish] 28/3/2015 23:29

sorry - old news.
it has been tipped for a while.
recent e-mail is probably just a new push for punters.

[p1nkfish] 28/3/2015 22:55

Money morning have pushed David Thornton on e-mail. Cursory read of the e-mail and it's touting a company selling procuremrnt s/w that saved Flint and Denbigh County Council over 2.2M in 2013.

Sounds much like PHD.

Predicting 106% rise by Oct 2016 and more thereafter.

If right then expect some of the heard to arrive and the price to pop up.

[p1nkfish] 19/3/2015 06:58

After the budget there is much talk of cuts over the following 3 years if the Tories win.

My take, after the Frances Maude visit, is that a Tory win there will lead to a big push for savings across all Govt and the likes of PHD will get opportunities across the board.

More councils, NHS Trusts, Police etc as a way to avoid decimating headcount and pushing up unemployment.

[p1nkfish] 17/2/2015 17:32

yes, highly likely.

[oregano] 17/2/2015 10:59

interesting. H1 EBITDA £2.2m. FY forecast £4.2m. Upgrades likely.

[gargleblaster] 17/2/2015 08:13

Excellent TU imv. First impressions is that the market likes it to (currently up 2.3%).

[m.t.glass] 17/2/2015 07:55

Rod Jones, Chief Executive commented:

"I am delighted to be able to report the Group's continued progress. The Group's growth rate and scale have been transformed through the positive impact of the three acquisitions completed during 2014 and profitability has substantially increased. Trading is strong, new deal count has increased and M&A activity is delivering incremental rates of growth..."

[p1nkfish] 09/2/2015 15:48

If the Tories win the election expect PHD to get showtime in the Public Sector with Intesource to drive big cost savings - especially in the NHS for commodity type products.

hxxp://www.proactis.com/About/News/2015/February/PROACTIS-to-Deliver-Keynote-Session-at-eWorld

[eagle eye] 04/2/2015 16:30

More likely the COO wanted to raise cash and other directors clubbed together so the market perception wasn't negative.
I might be wrong, but that is the most likely reason.

[eclair] 02/2/2015 17:54

Annoying that ALNC just headline with COO sells shares, when could just have easily stated 4 directors buy 25,000 shares each.

Either way, it all looks very rosy for the future.

[oregano] 02/2/2015 14:06

you never know why people need to sell shares. but they only buy them if they think they are going up. no guarantee of success, but i'd view it as a net positive.

[gargleblaster] 01/2/2015 10:26

Seems a bit unusual that four directors have bought the shares that another director has sold. I suppose it is a net positive that more directors have skin in the game!

[gargleblaster] 28/1/2015 10:46

Thought I would stick it up here for others to read

Fifth Third Bank Expands Software Agreement & Enters Joint Development Initiative with PROACTIS
PROACTIS, a global Spend Control and eProcurement solution provider, today announced that Fifth Third Bank has extended its existing 5-year contract to include the full suite of PROACTIS eProcurement solutions.
Fifth Third Bank is one of the top 15 US regional banking corporations and is headquartered in Cincinnati, Ohio. As of December 31, 2014 the company had $139 billion in assets and operated 15 affiliates with 1,302 full-service Banking Centres and 2,638 ATMs across 12 states throughout the Midwestern and South-Eastern regions of the United States.

The terms of the initial five-year software/services contract for PROACTIS Purchase-to-Pay, estimated at $2.19 million USD, has been expanded to include the PROACTIS suite of Source-to-Contract solutions, providing end-to-end business process automation and support to achieve truly effective Spend Control.

Fifth Third Bank has also entered into a collaborative software development initiative to extend key system capabilities and address specific sector process requirements to identify and manage risk and meet regulatory requirements.

PROACTIS solutions provide complete visibility of supplier risk by maintaining consistent, consolidated, and ongoing management of supplier information throughout the supplier lifecycle. The joint development initiative will extend the integrated set of processes in order to maintain the necessary level of supplier visibility the Financial Services sector needs to effectively manage risk and meet regulatory compliance.

“We are delighted to be partnering with PROACTIS,” said Jim Moise, Chief Sourcing Officer, Fifth Third Bank. “This formal agreement provides the opportunity to extend the use of PROACTIS’ market-leading eProcurement solutions and to work together on new opportunities for the Financial Services sector.”

“We are delighted to be extending our working relationship with Fifth Third Bank, another large financial institution that sees the benefit of a more flexible technology solution,” commented Rod Jones, CEO of PROACTIS. “The Bank is clearly forward-thinking and the deployment of PROACTIS eProcurement solutions provides the main building blocks – information management access, workflow and business rules, guided processes, and secure web access – necessary to mitigate risk, improve competitive performance and produce cost savings.”

[m.t.glass] 28/1/2015 07:59

Very nice news. The share price has already climbed by 66.66% over the past 12 months up more than fourfold from its Aug 2013 low) and I can see it breaking past the recent 95p peak soon.

Still a tiny company, but with big growth forecast in turnover and profits this year bringing p/e ratio down.

[p1nkfish] 28/1/2015 07:11

Great new market to address. Very promising news.

'Under the Referral Agreement, the resultant software will be marketed jointly with Fifth Third to other regional US banks.  The Directors believe that the top 150 US banks have approximately $7 trillion in assets, indicating the size of the potential market.'

[p1nkfish] 16/1/2015 15:18

They might be trying to operate below radar for some reason?
Certainly recent news, all put together, is exciting.

[p1nkfish] 16/1/2015 15:17

I saw the Harrogate news and the promise to plug them in then the new £1.5M to the Cloud as if they are ruggedizing their network to cope.

Putting 2 & 2 together I think they will be used to help achieve savings in various sections of UK Gov and that can only be good for the tax payers.

Showtime ?

E

[gargleblaster] 16/1/2015 15:10

pinkfish - Am a bit surprised that none of the last three bits of news on their website did not warrant an RNS, particularly NHS trust arrangement with Camden & Islington. Also interesting news that government ministers have visited their offices. V interesting article below if you did not see it.

hxxp://www.harrogateadvertiser.co.uk/news/government-minister-visits-wetherby-based-tech-company-1-7040269

[p1nkfish] 16/1/2015 11:05

Would not be surprised to see some moves soon.
See their news with another NHS Trust and others to come.

[p1nkfish] 23/11/2014 17:22

FinnCap predicts earnings will grow by 135% in the year to 2015.

I would like to see an investor presentation on the website, news of vendor financing and smartphone use for receipt capture.


The CNQR ad was on tbe radio again today. Proactis can do the same if they want to.and prevent customers looking that way but need to pull a finger out.

[gargleblaster] 17/11/2014 18:51

Just looking at what you might term "tolerance levels" on this stock. There have been pull-backs from closing highs of 15.5%, 9.7%, 8% and just now 13.2%. So current pull-back is within the those levels for such a volatile stock.

Perhaps calls for say a 25% trailing stop loss from closing highs? Dyor etc!

[harebridge] 14/11/2014 16:07

What's happening here Troutisout (P1nkfish)?

[p1nkfish] 13/11/2014 06:44

With Intelligent Capture I don't see a reason for not having receipt capture via smart phone as per one of the CNQR features. Married with an app of course. Very quiet at the mo so would gather they are integrating the acquisitions apace, looking at vendor financing, considering any new acquisition and winning new business?

2015/6 will be telling.

[gargleblaster] 12/11/2014 02:28

PF Thanks for your insightful comments in above two posts.

Thought I would remind other BB users about the original CNQR/SAP purchase (Sept 19th). As you say this is different league in terms of size of deal, but the Bloomberg piece below also gives an idea of the activity in the sector.

...............................................................................


SAP SE (SAP) agreed to buy Concur Technologies Inc. (CNQR) for $7.4 billion in the biggest acquisition by the 42-year-old German software maker, months after Bill McDermott took over as sole chief executive officer.

In a boost to its cloud-computing business, SAP will pay $129 a share for Concur, 28 percent more than the stock’s Sept. 2 close, the day before Bloomberg reported the Bellevue, Washington-based company was exploring a sale with SAP. Shares of SAP fell as much as 3.2 percent in Frankfurt. The purchase will be funded from a credit line of as much as 7 billion euros ($9 billion), SAP said yesterday

McDermott, 53, is racing to add revenue from enterprise software delivered over the Internet as growth of traditional tools for managing finances and logistics has stalled. He’ll continue to face tough rivalry from Oracle Corp., which yesterday named Mark Hurd and Safra Catz as co-CEOs as Larry Ellison becomes executive chairman. Oracle has spent more than $50 billion on acquisitions.

“SAP and Oracle appear to be getting bolder in their M&A,” Brent Thill, an analyst at UBS AG, said in a note to clients. “This deal could accelerate the pace of M&A in cloud software.”

SAP shares fell 3 percent to 58.10 euros at 12:02 p.m. in Frankfurt trading. “SAP is paying a relatively high multiple for Concur, in our view, although acquisition-related multiples are in general relatively high for cloud-based transactions,” Knut Woller, an analyst at Baader Bank AG, who recommends buying the shares, said in a note.

Expense Approval

Salesforce.com Inc. and Workday Inc. are other major providers of cloud computing, which lets companies use software delivered as a Web service rather than stored on their computers.

Concur’s software can book flights and submit or approve expenses on the Internet or mobile devices. It’s used by corporations including Google Inc., Kellogg Co. and Hess Corp., according to its website.

“This is one of the fastest growing software-as-a-service businesses in the world,” McDermott said in an interview on Bloomberg Television. “There is no No. 2 to Concur -- they essentially own this market.”

The transaction eclipses SAP’s $6.8 billion takeover of France’s Business Objects in 2007. Before Concur, SAP has spent more than $13 billion since 2010 on acquisitions, including suppliers of Web-delivered software of human resources and purchasing. The Walldorf, Germany-based company has struggled with slowing sales growth as it has developed as a cloud-based business-software provider. SAP acquired Ariba Inc. for $4.5 billion and SuccessFactors Inc. for $3.5 billion in deals that were completed in 2012.

‘Preferred Model’

SAP is paying nine times Concur’s ratio of enterprise value to estimated sales for next year, Thill said. That compares with the 8.1 times multiple it paid for SuccessFactors Inc., the 3.8 times it paid for Business Objects, and the 3.2 times value that Oracle paid for Sun Microsystems, Thill said.

Both Ariba and SAP’s March acquisition of Fieldglass, a U.S. software supplier that specializes in managing contract workforces, give SAP applications that could work well with Concur, according to a person familiar with the matter.

Earlier this month, SAP Chief Financial Officer Luka Mucic said revenue from the company’s Web-delivered programs will outpace traditional software licenses by 2020.

“There’s no debate anymore in the IT industry that the cloud will be the preferred consumption model,” Bernd Leukert, SAP’s software chief, said last month in an interview.

Including debt, the deal is valued at about $8.3 billion. The acquisition is expected to be completed by the first quarter of 2015, according to SAP’s statement.

[p1nkfish] 11/11/2014 23:47

Any chance SAP are looking this way? Would be a trifle to pick-up PHD and they have been on the acquisition trail recently. Quickest way into the UK public sector.

Even and add for CNQR on the radio today. First time I'd heard it in the UK. SAP becoming more aggressive?