Proactis Share Discussion Threads

[lewis winthorpe] 22/7/2020 15:53

Nice pi buying today. Run up to year end, positive news leaking out perhaps?

[cureboy] 22/7/2020 12:58

That's a great entry point IMO. No ones really selling at this price which speaks volumes, the only thing keeping the price here is a lack of news and DBAY switching stock between entities at 35p. It's a frustrating but clever tactic on their part as they're in control of the price for the time being. Another ii coming on board would really shake things up.

[escapetohome] 22/7/2020 09:36

Im back in 36.5 paid.

[cureboy] 22/7/2020 09:26

Nothing much ever really happens on this share anyway but Wednesdays are even more dull, if that’s possible.

[cureboy] 21/7/2020 13:24

DBAY in control here.

[lewis winthorpe] 21/7/2020 13:21

Lol dbay pay 35p, Joe Public have to pay 37p

[coldspring] 21/7/2020 10:42

More share swaps at 35p.....zzzzzzzzz

[p1nkfish] 20/7/2020 23:29

They are looking to add at least an extra 50M GBP revenue.

[cureboy] 20/7/2020 14:57

Lombard and Potts will have their own ideas on fair value should DBAY pursue a bid. Saas companies of this size are first and foremost valued on multiples of Ebitda. In Proactis’ case that will be around 10x Ebitda or 3x revenue so around £1.40-1.50 taking into account debt. Without the debt would be 12-14 x Ebitda or 4 x revenue so nearer the £2 mark. They’d need deep pockets to get LO to budge. If they do somehow push through a hostile bid then expect the sh*t to hit the fan as p1nk said.

[p1nkfish] 20/7/2020 12:14

They could probably can the Hubwoo listing but not likely to save much money and I think the French location is on lease.

[lewis winthorpe] 20/7/2020 11:57

Speculation re a bid is simply that.The relationships with iis are strong. Will take a lot more than 55p to shake lombard and potty.Not to mentions pis who are in a lot higher.In addition, I think something else is going on. Can't get that hubwoo listing out of my mind fir some reason

[p1nkfish] 20/7/2020 10:34

This bunch are like a sitting duck waiting for an incoming bid striking at 55p. Feathers will be blasted all over the place when the shot hits. The lack of concern still makes me think management are OK with this else why not show some reason for the price to be higher.

[cureboy] 20/7/2020 10:05

So here we go again then 133k trade, share price not moved, probably another DBAY buy. Same time as Friday, more or less. Could stock just be changing hands under the DBAY umbrella? Accumulation by Romulak ltd? Never seen trading like it.

[p1nkfish] 20/7/2020 08:28

Already generating revenue from partnership.
Wouldn't touch Tungsten with a barge pole but they are fighting as best they can.

[cureboy] 20/7/2020 07:27

That’s interesting. I’d never heard of them. Smaller business than Proactis too.

[p1nkfish] 20/7/2020 07:15

Some Tungsten results out today, Coupa mentioned.

"We have broadened our range of partnerships in the last 4 months as we expand our sales routes to market and approach: 

· In July we concluded our largest ever single partnership agreement with a leading US bank.  This has the potential to deliver e-invoicing volumes of up to 2.5 million invoices from up to 28 new AP buyers, who in turn will release up to 40,000 new AP suppliers onto our platform.  This could significantly expand our active AP buyer portfolio

· In April we completed a successful technical integration with Coupa Software Inc.'s  CoupaLink platform; we are now fully certified as a CoupaLink e-invoicing partner

· Our exclusive supply chain finance partnership with Orbian has now become revenue generating following an agreement with a major UK retailer to access their supplier base"

[cureboy] 19/7/2020 14:54

HSBC’s confidence in Proactis is one of the major indicators for me if not thE major. Banks give nothing away but they are putting their money where their mouth is here, no doubt impressed with what they’ve seen. The money projected to be flowing through HSBC via BePayd has to be very significant.

[p1nkfish] 19/7/2020 12:06

Nothing changed my end but there is a noticeable improvement in the speed of the PHD website recently.

Anyone else seen similar? Faster page load. Tested on multiple platforms and does seem quicker.

[p1nkfish] 18/7/2020 17:11

Thats very true.

[lewis winthorpe] 18/7/2020 17:01

Rear view mirror once again. Different organisation today.Credit to the execs for recognising change was needed, getting lombard, dbay and hsbc to buy in to the future and implementing a global 3 year strategy.

[lewis winthorpe] 18/7/2020 16:57

Lombard are a massive fly in that ointment imho

[p1nkfish] 18/7/2020 00:18

DBAY can push for change to BOD and then make an offer and independant BOD approve the offer be presented to shareholders.

This is coming by 4th March 2021. A shake-up.

-  To transition to a position within twelve months where, in accordance with the UK Governance Code, at least half of the Board, excluding the Chair, are independent non-executive directors;

-  To amend the Company's Articles of Association at the next General Meeting to require annual re-election for every director;

As soon as the BOD is half indepedent theres no ignoring any reasonable offer.

Pressure must be on to get results before any offer to push the price up else its curtains.