Proactis Share Discussion Threads

[p1nkfish] 19/10/2020 22:03

Persse is not the only one to go from bePayd, Business Development man lasted 5 months and went in July.

[p1nkfish] 19/10/2020 21:46

Now makes sense why this role needs filling.
Somewhat lower level than CEO needed.

[jonstrawberry] 19/10/2020 21:16

Lewis, with LinkedIn you don’t need to stumble on anything if you follow the right content. If you spent more time considering your investment and less time worrying about my personal circumstances the conversation would be far more enlightening for all of us.

[lewis winthorpe] 19/10/2020 17:05

Lol, pull the other one, you didn't just stumble on the linked in item.Give me a break. Calm your tone too. No need to be rude even when you get found out.

[cureboy] 19/10/2020 16:06

And Lombard Odier sat at 29%.

[cureboy] 19/10/2020 15:58

Depends on what kind of spin you wanna put on it. A seven year contract win in a strategic location is important as it will open up doors. Anthony Persse may have simply left to fulfil a CEO ambition, we will never know. BePayd was relatively low cost to set up so doesn’t need to deliver mega revenues to pay for itself as a bolt on. I don’t think anyone’s pinning their hopes on it. They shouldn’t be. Fy2020 results should be in line with expectations and relatively boring. There’ll be a COVID lull but same for most. Will only move the share price one or two pence either way anyway. DBAY are in control of the share price.

[whatthe] 19/10/2020 15:20

And today's RNS stinks of yet more desperation. Presumably to try and deflect from the guy who setup the enormous corporate misdirection trick that is BEpayd leaving. Omnishambles. Hold onto your hats if your staying for the results at the end of month

[whatthe] 19/10/2020 15:16

Every single signpost shows you exactly where this is headed

[p1nkfish] 19/10/2020 15:16

Look at the app they developed. Richard Pepler passed away in June and Persse replaces him - the app experience would have helped.



"Glenn: What is the new technology that you have just launched at Optimum Finance?

Richard: The biggest product innovation that we have recently developed is an app that will approve new prospective invoice finance customers facilities, automatically within a few minutes.

We also remain the only invoice finance company to allow customers to digitally sign the documents when they take out a facility - removing the need for additional meetings."

[p1nkfish] 19/10/2020 14:59

Was lucky enough to make good profit from Inspired Capital that became Ultimate Finance that Persse came from. Somewhere in this is that network of contacts that can be useful to get a crack at that CEO role imho irrespective of bePayd.

[p1nkfish] 19/10/2020 14:47

If motivated by money, people jump for more £ and job title. Pride doesn't pay the bills or make you more attractive to women. More money and CEO title can do. Perrse never likely to get on PHD BoD but I bet a new BoD would put a lot of pressure on - for what if the £ isn't as good as elsewhere that also offers more control and a better job title?

Can't blame him. I would probably do likewise.

[jonstrawberry] 19/10/2020 14:34

Pink, I think you’re overlooking the sense of pride that comes from building and seeing success in something. You might be right, I’m not arguing with you. Just weighing up the signs. Personally i can’t see the positive, only a potential neutral and likely negative.

[p1nkfish] 19/10/2020 14:18

If bePayd was to transform PHD then the only reason to stop is if some of that transformation ends up in your wages. If someone else offers more £ and a chance to be CEO then a jump is understandable.

[p1nkfish] 19/10/2020 12:38

But he would always play 2nd fiddle at PHD.
Some people want to row and be captain of the boat.
No idea why he's gone.
I think bePayd can probably now get by without him.

[jonstrawberry] 19/10/2020 12:26

All of the above could be the case, agree. I just question whether somebody would bring something all the way to the launch pad (years of hard work) and then leave if they really felt it was going to take off to the extent it would transform the PhD business.

[cureboy] 19/10/2020 12:24

Would’ve been on a fair whack aswell. Added to Sean McDonough and Sophie Tomkins leaving the board and a vastly reduced marketing spend in 2020 that’s a fair saving. Wasn’t there some office closures aswell? Wonder if the asset stripping has begun.

[p1nkfish] 19/10/2020 12:14

I think he's ambitious and Optimum is a better chance to express himself. bePayd won't need him, nor his strengths, going forward.

[cureboy] 19/10/2020 12:09

Could be one of many factors as to why he's left and we'll likely never know. Most probable is just that its a good opportunity for him with a higher salary and less of a commute. Could be that his job for Proactis, to launch BePayd, was done so nothing further for him to do perhaps with limited opportunities. Could be he's jumped ship before a hostile takeover and his days were numbered. Could be that BePayd take up hasn't met expectations and they've got rid (unlikely IMHO). The last we heard from Tim Sykes was that BePayd was gaining traction after being deployed across the supplier base. Some news would be welcome.

[p1nkfish] 19/10/2020 12:08

That is Optimum Finances wording and JRJ Group.

[cureboy] 19/10/2020 11:45

Market leading? Where’s the evidence of that? Or is that in his own words...

[p1nkfish] 19/10/2020 11:36

He has gone for a better job and his new employer describes him as:

"Anthony led the development of the market-leading early payment solution, bePayd."

Optimum is PE owned by JRJ Group.

Interesting.

[lewis winthorpe] 19/10/2020 11:24

Lol if true, insider employee knowledge from someone who says they are not.Also what would a CEO job have to do with BePayd exploding or not? I don't think he would ever be CEO of proactis given his background.Trouble with disgruntled employees. 2+2 = 7