Proactis Share Discussion Threads

[jonstrawberry] 13/10/2020 13:03

Pink the divi was a big part of the issue. What kind of ambition is that. People don’t invest in saas for a dividend ffs!!

[coldspring] 13/10/2020 11:17

Change is coming and quite quickly, to be clear it has already started. strawb and whatthe are pre occupied looking in the rear view and harping on about past failings and missed opportunity. The base is firmly in, if a cheap takeover is avoided then there is a significant chance of a nice little earner over the next couple of years. All depends how much risk you can stomach.

[p1nkfish] 13/10/2020 11:01

Change is rattling down the tracks quickly.

PHD did go from 10.5p - 203p and paid a divi for much of it.
Shake-up needed.

[cureboy] 13/10/2020 10:52

Probably why two board members have recently gone and they're about to get a DBAY rocket up their ass.

[whatthe] 13/10/2020 10:37

Jon is absolutely right. I don't care how much money Coupa has raised. I'm an investor looking for a return through increased share holder value. It's the difference between a business run with vision and competency and one run by sleepy old men like Sykes, Jones, etc. Almost all PHD competitors have outperformed them. The BOD have still managed to burn a whole lot of other peoples money whilst spectacularly destroying shareholder value so this idea that somehow they're frugal and "Yorkshire"is frankly comical. It should be a case study on how not to run a software business

[jonstrawberry] 13/10/2020 10:25

Pink, the money raised by coupa is irrelevant. If you bought 1 coupa share 4 years ago on IPO it would have risen from $23 to $306.
If you were one of the VCs who invested all that money 8 years ago you paid $0.50c to $2 per share.
The fact they placed some bigger bets as they planted those seeds is testament to the strength of their plan.
Why is this relevant? Because 8 years ago Coupa had less revenue, customers, product, market cap and employees than Proactis. This was the Proactis opportunity, squandered by Rod Jones and Tim Sykes as they sat above wetherby high street acting like software gods.

[p1nkfish] 11/10/2020 11:53

Won't argue that it needs a DBAY type to stor things up.

As for Coupa, look at the money they raised. In comparison PHD have been on a shoe string.

This is my last investment in this space unless someone gets very innovative. When I'm out of this I won't look back.

[whatthe] 11/10/2020 11:35

Al the fundamentals are there. It's just run the weakest management team in the industry. We can argue on here for years about what it could be and we have been. It's clear what the problem is but nobody is going to make that call so DBAY are going to have to do it. There are much better investments out there. If you want one in this space try Coupa. Started behind Proactis 10 years ago and look what they've achieved without the shambles of Jones, Hamp and Sykes

[cureboy] 11/10/2020 10:34

With DBAY accumulating and Lombard sat at 29% there’s a floor in the share price where we are now. Also happens to be about the average of a few board members. Not many sellers left now that the likes of Artemis and L&G sold out. DBAY switching stock between various entities which is why their accumulation hasn’t sent the share price up. They’re very adept. Once DBAY have a place on the board they’ll try to push through a deal.

[p1nkfish] 11/10/2020 09:50

PHD has a large customer base/spend to approach and once the 1000+ customers are all on the cloud with marketplace on TBN........good stuff could happen

To gain that potential customer base costs many millions to a start-up and bePayd will have it there.

Something is holding things back. I don't know what.

As for HSBC, they are a credit line. That's all. PHD has to exploit their own base.

My concern is weakening cashflow along with a weakening growth rate to less than interest rate, leading to increased debt. So far no sign of action to make sure we all see this as stable - selling something off etc. Either it is OK, or something due to happen and being planned or its heading into the ground.

We need to see the nose of the plane is at least level & not tilted down.

The potential is massive. Very frustrating.

News of a big customer going bust or turning into a basket case not paying bills is a real risk.

Times like this should offer Proactis an opportunity to help save companies money. A hint that is happening and heading in a decent direction and this could turn quickly as the free float is being reduced by DBAY.

[cureboy] 11/10/2020 09:48

Don’t disagree there’s better investments out there.

[cureboy] 11/10/2020 09:43

Don’t you think there’s good value from this level Lou? An aggressive investor like DBAY cleaning up with a 33-34p average and still accumulating plus the strong possibility (likelyhood) of a takeover in play? Currently valued considerably less than 1 x revenue and 3 x ebitda? BePayd aside. New contract wins up 29% and there’s been more positive announcements on the website. It’s cheap at this level.

[lewis winthorpe] 10/10/2020 23:07

Peter,You are barking up the wrong tree.Personally think the original HSBC backed model hasn't hit home.Only traction left is existing customer base for a different model. Saas based perhaps?Apf is as old as Pinks ever extending 2-3 year predictions.All moving too slow. Better investments elsewhere. My holding is pure nostalgia at present.Just my opinion.Lou.

[97peter] 10/10/2020 22:13

Thanks Tim. You go from rapper to de- ramper and flip flop from positive to negative. You go from PHD are doing well and will make 230p a share to this is negative and will be sold cheaply to Dbay for 55p. Then you give us good insight into the Board and what they should do. You are a bit flimsy flopsy!!
Basically y we agree they need to start selling and winning. Contracts! Or Dbay will buy cheap and give to a US investment company!
Stop your charades Tim and come out and say how you and the BoD are going to sell, reduce debt and take this basic SaaS company to the next level via HSBC and hard work and sales! Stop the flim flam and give us facts!!

[p1nkfish] 10/10/2020 19:00

With shareholdrrs like you PHD is screwed.
You are one deluded individual.

[97peter] 10/10/2020 18:47

Pink, or Tim Skyes in disguise! Why cloud cuckoo, don’t HSBC look after 1.000’s of small and medium sized organisations and companies from small 3 shops, or one restaurant type companies throughout the globe??? You thicko Tim! HSBC have backed them and is promoting them, they just need to follow up and push their Beoayd and other SaaS products across EU and Us, and if you and your team cannot do it Tim, then resign and let a proper BoD and sales team come in and do it!!!
You are on the inside Tim/Pinko, you are in cloud cuckoo land on the BoD??

[p1nkfish] 10/10/2020 18:21

Cloud cuckoo. The small players need bepayd. Mid and top tier have options.

[97peter] 10/10/2020 18:03

Time for Proactis financial support and promotion from HSBC? They have thousands of lead worldwide organisations and FTSE100 and AIM250 companies banking and taking advice? If Proactis could harvest just 10-15% of these through recommendation and use via HSBC, then it would soon be a 200p share!!!

[cureboy] 10/10/2020 17:58

BePayd has potential to scale up very quickly once a few big customers get on board with it, say with £25m+ spend. It’s also in the government G Cloud 12, one of only three accelerated payment facilities available. All potential at the moment, time for Anthony Persse to step up and deliver.

[p1nkfish] 10/10/2020 15:14

My best case is growth shows in core and bepayd, debt dips and a couple of decent NEDs join with good track record whilst DBAY keep them on their toes.

If they do get £50M per territory and push everyone into the cloud and TBN then its not impossible to see £2.10.

Trouble is lots of things now need to line-up before its a stolen opportunity by a DBAY type offer <£1.

[p1nkfish] 10/10/2020 15:01

sidam, very much agree.

Unless there is a catalyst that illustrates value the market cannot currently see there's no way this is going for much above 75p best case imho.

Something needs to change. That should be results. Results improvement and debt dip needed.

Bepayd needs to show adoption, soon. Needn't rule the world just have a revenue figure that can be used to show some sme's want to use it and from which it can grow. Until that happens it's nothing except some cost to the core business.

[susiebe] 10/10/2020 14:40

Thanks,let's hope its not too cheap!

[cureboy] 10/10/2020 14:34

Fair enough but we’re yet to see what BePayd will bring to the table, if anything. All very well Anthony Persse quoting general figures but we need actual evidence soon. Tier 1 customers signing up for a start. DBAY are accumulating for a client IMO so won’t be hanging around. First whiff of a deal and they’ll want to cash in. Time is running out.

[sidam] 10/10/2020 14:05

Cureboy
The last client if Finn which was taken over at 37p had a target of 55p. In round numbers the bid was 30% lower than the target. There are lots theoretical methods of valuing a stock. Peer group is one, but you must use relative growth rates etc.

DCF, in my view, is possibly a very good method. But you do not get a high value if the company is not generating a lot of cash.