Proactis Share Discussion Threads

[mrshaungcm] 25/8/2020 22:00

so what is an attractive selling price for them?

[p1nkfish] 25/8/2020 21:15

Hoovering up. Transfer of ownership at what the buyer thinks is an attractive price. If DBAY know what they are doing they are telling you what is an attractive price.

[mrshaungcm] 25/8/2020 20:53

all those "sells" and no big drop - what is happening?

[lewis winthorpe] 25/8/2020 16:28

Another 2 million to DBay

[cureboy] 25/8/2020 14:40

Price bought down so DBAY could buy 300k at 35p?

[whatthe] 25/8/2020 13:22

Everything generates interest in the Public Sector the question is what generates cash?

[p1nkfish] 25/8/2020 13:03

bePayd generating interest in public services.

[sidam] 25/8/2020 12:43

As I posted earlier there will be a webinar after the institutional presentation on BPayd in a couple of weeks. I guess that management must have some confidence in the product to make a presentation. Shares do lot look that expensive on a current year (July 2021) pe of just over 14. But I think it will take time or big news before the shares go much higher

[whatthe] 25/8/2020 12:34

I've said it before too. Weakest management team in the industry, BPayd a complete non starter and the lack of news on it in this release shows that more starkly than ever...and then there is the debt. Change the management and get back to running this as a procurement software business and then maybe there is a way out.

[jonstrawberry] 25/8/2020 11:48

It’s amusing to see all those who used to get angry at me pointing out the weakness of this management team, now start to do the same. I mean nobody likes to say “I told you so”.... except me.

[p1nkfish] 25/8/2020 10:58

If it dilutes management you can forget it as a possibility. They would need to dig deep into pockets to avoid dilution and look at what they bought at what price. Doubt they will be on side.

[weatherman] 25/8/2020 10:11

News on growth is good, but the lack of progress on debt reduction is disappointing, which suggests a longer term problem - although in terms of small interest payments and £11m EBITA is not a major issue imo. The value of capital employed (debt plus equity) is £70m, which is cheap if the company is growing and reducing levels through positive cash flow - but why are we not seeing more of this EBITA in terms of positive cash flow and debt reduction? One reason may be that growth requires additional capital employed.

This is hypothetical, but a 1 for 1 rights issue would effectively remove debt and give a market cap of £70m. With turnover of £50m and growth it could attract a rating of 3x turnover - approx. £150m, or 80p.

[cl0ckw0rk0range] 25/8/2020 10:10

the Group secured a 29% increase in total contract value ("TCV") of GBP14.6m (2019: GBP11.3m)

[p1nkfish] 25/8/2020 09:17

No rush indeed and no rush for the door. Selling exhausted. Hope it manages to move up through the overhead as some exit when its more obvious that its turned round.

[coldspring] 25/8/2020 09:09

50k buy on the mid price just then is the answer I think.

[lewis winthorpe] 25/8/2020 09:05

Why do dbay have to rush? Its been 6 weeks since they last declared.Its been said before, win win for them unless this goes bust, which is never going to happen.

[cureboy] 25/8/2020 09:03

One thing that’s always guaranteed is the share price drops after an update, be it good, bad or indifferent. We’ll see what DBAY’s intentions are very soon.

[lewis winthorpe] 25/8/2020 08:55

All I would say is that bebt is cheap at minute. The flip is that its not looked on well, moreso now with covid.Also interested in how record tcv doesn't mean they beat expectations. Why not?

[buywell3] 25/8/2020 08:33

They carried too much debt before Covid

Debt is a 4 letter bad word now and going to get a lot worse IMO

[p1nkfish] 25/8/2020 08:31

A great deal of promise here and to a degree they have been unlucky with CV-19 timing.

[p1nkfish] 25/8/2020 08:30

A great deal of promise here and to a degree they have been unlucky with CV-19