Proactis Share Discussion Threads

[cureboy] 19/9/2020 12:21

Yes that’s definitely needed, usually gives a short term lift. News on BePayd early adoption wouldn’t go amiss aswell. Be interested to know what the board think of DBAY accumulating 13% whilst dragging down the sp, whether they’re bothered by it.

[p1nkfish] 19/9/2020 10:27

BoD buying at volume at this price would help. Especially the CFO, to.prove they all eat their own cooking. If they don't why should others?

[cureboy] 19/9/2020 10:01

They’re a bigger player now than they were when they were £1.50 a share both in the UK and globally. Yes they have debt but that’s cheap at the moment and they’re cash generative with good ARR levels and new business at record highs. The slight increase in debt was a result of BePayd product development and COVID knocking them back abit. There’s daylight ahead with a proven product. DBAY, Lombard and HSBC all seem to have confidence as do the board. The worst should be behind them now. Still think even finncaps 80p target could spark a bidding war. We need some proof though fully agree.

[p1nkfish] 18/9/2020 13:23

Would have to agree about not proving progress. Only proof will gain attention, no amount of talking.

[whatthe] 18/9/2020 11:11

60p isn't cheap when the business is objectively incapable of showing progress. Many shareholders would be delighted with that result

[cureboy] 18/9/2020 10:25

Don’t see DBAY messing around much longer to be honest, they accumulated most of their shares at 35p, around 10/11% of their current 13% holding. So currently sat on a small loss but they are controlling the share price. One way or another they’ll want to get something moving. And I’m on the side of them pursuing a hostile takeover. May even get it through at 60-70p now. 5 x ebitda/1.5 x revenue for a Saas, very cheap! (Before BePayd)

[p1nkfish] 18/9/2020 09:29

If they can show debt reduction itmight gain some interest but as is its dead in the water. Not even bePayd demo to instis has generated interest. Says it all. Only deliver £ matters now, speculation gone.

[cureboy] 16/9/2020 16:55

At least two of the 100k trades look like buys.

[lewis winthorpe] 16/9/2020 15:25

Its just a longer term play now. I dont believe there will be an offer while the debt is high and dbay et al are not in a rush.I remember the days where this simmered at 25-35p for years. Showing my age.

[p1nkfish] 16/9/2020 15:08

It has not been tightly held. Too much stock in the hands of people <3% who bought in as a speculation on sale/FSP imho.

[cureboy] 16/9/2020 14:24

Should be at 55p now considering they‘ve bought 13% of the company starting their accumulation when it was at 35p. Any other share would’ve gone up...

[whatthe] 16/9/2020 14:03

I'd be absolutely delighted if DBAY offered 55p+ and quickly. This is going absolutely nowhere otherwise.

[97peter] 16/9/2020 13:45

Agreed Cure and just wish Dbay or whichever consortium or Investment organisation is going to takeover Proactis would just offer 75p and they will be handed the company to them in a matter of days not weeks. This has dragged on too long and needs actions or a sale!!

[cureboy] 16/9/2020 10:55

All I know is you have DBAY accumulating fairly aggressively and Lombard ‘oh dear’ sat at 29% so there’s abit of a floor here around the current level and I believe those who average in the 30s or 40s will probably do quite nicely out of it if the company is sold. Longer term holders may get screwed unless they prosper as an independent. DBAY wouldn’t be accumulating at this level unless they see profit, they know a lot more than us.

[p1nkfish] 16/9/2020 10:43

Cure, we mere mortals can't know except for the fact the debt went up. Serious action is needed by the company to calm nerves and prove a proper course has been set.

[cureboy] 16/9/2020 10:38

The board would have to have their heads in the sand to not notice an institution buying up 13% of the company whilst dropping the share price, which is what DBAY have done. Can only conclude they're reasonably content with the situation or simply powerless. All very strange if you ask me.

[coldspring] 16/9/2020 10:19

If actual sustained selling starts here then we are screwed.Im still baffled as to how you accumulate 13% and the share price goes down.

[cureboy] 16/9/2020 10:17

Difficult to read the trades here. Price dropped to 32.5 same time as a 100k trade at 32.8 went through, listed as a sell but who knows. DBAY at it again?

[cl0ckw0rk0range] 16/9/2020 09:08

But ALBA is the one to load up on?Right.Cheers guys that's not too far off my thoughts also.