Proactis Share Discussion Threads

[hydrus] 27/4/2016 07:40

Low revenue growth and decreased profitability as far as I can read so not sure why others read it differently?Anyway, order book looks decent and as we know here the growth is mainly through acquisitions and 'Supplier Network and Accelerated Payment Facility opportunities' which they are positive about so let's see how it pans out.

[multibagger] 27/4/2016 07:29

Very pleased with strong results, revenue growth + recurrence, profitability and cash.

Should pique some interest today and we should get past the 145p mark in the very near future I would think.

Good luck all :)

[p1nkfish] 27/4/2016 07:26

business de-risking progressed well too with more saas and recurring and increased deals.

period to end july 2016 should be up still further.

[p1nkfish] 27/4/2016 07:21

substantial contribution to revenues likely and one or more bolt-ons and more early adopters of supplier payment service.

once this really gains traction expect some serious interest outside of oi's trying to buy a few k here and there.

[p1nkfish] 27/4/2016 07:18

Interims. Below is the very interesting part. Given integrations and Due North buy, they have achieved a great deal without too much distraction.

'We look forward to announcing further early adopter commitments in the coming months along with a substantial contribution to revenues anticipated for the next financial year.'

[lewis winthorpe] 26/4/2016 15:05

Thanks, I can see a topping 160 happening soon with the fallback of 155 at best as mentioned.

[from8to800] 26/4/2016 14:54

Charts shows a base-on-top-of-base type of formation. Just the kind that tests investors patience making them think this isn't going anywhere fast and then boom, it starts moving like crazy. Keeping an eye on this one.

[lewis winthorpe] 26/4/2016 13:07

Chart looking good for a break upward over the next few months

[p1nkfish] 06/4/2016 13:22

155 was a target where it could fall back too to consolidate.
Sellers should take care as will be hard to get back on the bus.

Tell me, would Serco sign or Flint go the whole hog unless there was a provable benefit, added to Scewfix etc.

Flint as a reference site should help convince other councils.

Would like to see more NHS Trust work.

Get it right and they could save the country a small fortune, improve payment tersm for SME's and create an attractive UK asset. No to mention the US and AsiaPac. Intesource as not hanging around and the new acquisition will gain traction on cross sales quickly.

In summary - tight hold or buy for those with another 3-5 yr timeframe from my point of view.

[brancho] 06/4/2016 11:21

Any techies out there with a target price for this leg up. Something tells me it should be 160 but unable to analyse as away from my charting

[oregano] 06/4/2016 10:09

you have to give these guys alot of respect. they have bought and built new functionality which is getting take up rapidly. How often do you see major delays in sales of newly developed products? longer salescycles etc etc.

[qs99] 06/4/2016 07:14

Nice result ....

[p1nkfish] 04/4/2016 19:48

very interesting at end of the tax year.

closed on all time high and does look like a break out in the offing.

me and my big mouth, will probably fall back tomorrow.

[qs99] 04/4/2016 16:00

getting close then to that breach.....imo....next update should be very interesting...

[p1nkfish] 01/4/2016 08:30

Needs to breach about 139p, ideally 140p. Just a little new news then and it is in new territory.

[p1nkfish] 20/3/2016 21:55

looking set for a move up.

[p1nkfish] 07/3/2016 20:10

good news out of telco signing and Dutch hospital.
land some nhs and it could knockmit off its perch to fly up to the next level.

[p1nkfish] 03/3/2016 16:33

interesting price.
break down could go <£1.
break up > £1.35.

[eclair] 02/3/2016 09:42

Hargrave now have over 10%. On the Proactis web site, they are not listed as a major shareholder (last updated Aug 2015). Not sure why we've not seen any holding RNS's from them until now. I guess they've been buying the Henderson stock. Good though that we've got another II on board.

[p1nkfish] 01/3/2016 07:53

Hargrave Hale mopping up sales.
Tim Sykes on Director Talk week or 2 back after Rod Jones.

[multibagger] 11/2/2016 09:41

PROACTIS Holdings PLC Trading Update
11/02/2016 7:00am
UK Regulatory (RNS & others)

TIDMPHD

RNS Number : 7210O

PROACTIS Holdings PLC

11 February 2016


Date: 11 February 2016
On behalf of: PROACTIS Holdings PLC ("Proactis"
the "Company" or "the Group")
Embargoed until: 0700hrs


PROACTIS Holdings PLC

Trading Update

PROACTIS Holdings PLC, the global specialist Spend Control and eProcurement solution provider, is pleased to update the market on trading for the six months ended 31 January 2016.

The Group confirms that results are expected to be in line with expectations, with revenues for the six months ended 31 January 2016 of approximately GBP8.7m (2015: GBP8.4m). The Group signed 23 new logos (2015: 20) delivering GBP3.7m (2015: GBP2.6m) of initial contract value. Both the order book and the pipeline for new deals remain strong.

In addition, the Group continues to progress its strategy of automating trade and relationships between its customers and their suppliers through its supplier networking technology. The Group is able to offer value added services to those suppliers, including an Accelerated Payment Facility ("APF"). The Group has a contracted commitment from Screwfix to deploy this technology across its supplier network and a pipeline of further potential early adopters.

Post the period end, the Group completed the acquisition of Due North Limited ("Due North") as part of its strategic objective to consolidate the fragmented procurement technology market. Due North brings over 300 new customers to the Group, is an earnings enhancing acquisition and offers cross-sell opportunities and operational synergies in both the short and medium terms.

The Company expects to report its interim results on 27 April 2016.

Rod Jones, Chief Executive commented:

"We are very pleased to be reporting another period of strong trading. The rate of new logo intake and Initial Contract Value is very encouraging and I look forward to those contracts contributing substantially to revenue in the second half of the year and beyond.

"I am pleased to have completed the acquisition of Due North, a respected competitor in our space, and I look forward to working with the Due North team to deliver even better solutions to our customers and enhanced value across the enlarged group. Due North is the Group's fourth acquisition in two years and continues the strategy of consolidating the fragmented procurement technology market.

"Alongside the Group's organic growth and strategic M&A, the Group remains committed to its supplier networking strategy. The progress made is in line with our expectations with Screwfix currently in the process of deploying the technology. I look forward to providing an update on further progress in due course."

End

For further information, please contact:


PROACTIS Holdings PLC
Rod Jones, Chief Executive Via Redleaf Communications
Officer
Tim Sykes, Chief Financial
Officer
Redleaf Communications
Rebecca Sanders-Hewett
Sarah Fabietti
Harriet Lynch 0207 382 4730

finnCap Limited
Stuart Andrews 0207 220 0500
Carl Holmes
Emily Watts


Notes to Editors:

PROACTIS creates, sells and maintains specialist software which enables organisations to streamline, control and monitor all internal and external expenditure, other than payroll. PROACTIS' solutions are used in over 800 organisations around the world from the commercial, public and not-for-profit sectors. It is the largest independent eProcurement solution provider to the UK Public Sector.

PROACTIS is head quartered in Wetherby, West Yorkshire. It develops its own software using an in-house team of developers and sells through both direct and indirect channels via a number of Accredited Channel Partners.

PROACTIS floated on the AIM market of the London Stock Exchange in June 2006.

This information is provided by RNS

The company news service from the London Stock Exchange

[eclair] 04/2/2016 09:28

Yes, great news. Funded without any share dilution. Interesting 400k buy showing after the close yesterday.

[p1nkfish] 03/2/2016 22:00

1.85% over LIBOR looks a very reasonable rate to me.

[oregano] 03/2/2016 11:10

Fincap upgrades profits by 9%.

[multibagger] 03/2/2016 07:23

Looks like an excellent acquisition with 300 new clients and cross selling opportunities....no dilution of equity to boot !

PROACTIS Holdings PLC Acquisition
03/02/2016 7:00am
UK Regulatory (RNS & others)

TIDMPHD

RNS Number : 8749N

PROACTIS Holdings PLC

03 February 2016


Date: 3 February 2016
On behalf of: PROACTIS Holdings PLC ("PROACTIS" the
"Company" or "the Group")
Embargoed until: 0700hrs


PROACTIS Holdings PLC

Acquisition of Due North Limited

PROACTIS Holdings PLC, the specialist Spend Control software provider, is pleased to announce that it has acquired the entire issued share capital of Due North Limited ("Due North"), a well-respected provider of eProcurement solutions from its parent company, Access Intelligence PLC (AIM: ACC), for a gross cash consideration of GBP4.5 million ("the Acquisition").

Highlights

-- The Acquisition enhances the Group's position as a leading provider of eProcurement systems to the UK market, now
serving over 800 clients (300 new clients from the Acquisition)

-- The Acquisition is expected to be immediately earnings enhancing and is financed from non-dilutive capital

-- Annual recurring revenue from Due North is approximately GBP1.6 million through its 3-4 year contracted
subscription business model

-- Substantial cross-selling opportunities from PROACTIS' wider portfolio of solutions

-- The Acquisition increases the Group's scale and operational synergies are expected to further enhance Group
profitability

Details of the Acquisition

The Acquisition is in line with the Company's strategy of augmenting its organic growth with selective acquisitions.

Due North is a well-respected provider of eProcurement systems, with more than 300 clients principally in the UK Public sector. Its clients use Due North's hosted software to control an estimated GBP100 billion of spend through approximately 200,000 active suppliers by approximately 20,000 procurement professionals.

Due North's expertise in the UK Public sector is complementary to PROACTIS' business and the combination offers the opportunity for Due North's clients to access the broader solutions offered by PROACTIS, as well as substantial operational synergies in the short and medium term. The Acquisition is expected to be immediately earnings enhancing.

For the audited year ended 30 November 2014, Due North reported revenue of GBP2.0m on which it made an operating profit (before depreciation and amortisation) of GBP0.5m and its reported net assets were GBP2.3m. For the financial year ended 30 November 2015, Due North's unaudited management accounts report a revenue contribution of GBP1.8 million with EBITDA of GBP0.4 million and profit before tax of GBP0.2 million. The total value of the net assets being disposed of as at 30 November 2015 was approximately GBP2.5 million.

Further information on the Acquisition and new banking facilities

The gross cash consideration payable at completion is GBP4.5 million which the Group will fund through a combination of bank debt and its own cash resources. The bank debt will be provided by HSBC Bank plc, by way of a term loan of GBP3.0 million repayable over four years at an interest rate of 1.85% per annum over LIBOR.

Rod Jones, CEO of PROACTIS, commented:

"I am delighted to announce the acquisition of Due North which is an excellent strategic fit - consolidating the Group's position as the largest independent eProcurement solution provider in the UK market. Due North's market penetration is substantial and should immediately benefit the wider PROACTIS business. I look forward to working with the team at Due North to grow the business and provide the wider client base with our end to end solutions."

Enquiries: