Proactis Share Discussion Threads

[p1nkfish] 29/10/2020 08:12

More or less as expected. The results are to July 2020 so only 4 months of covid impact but f9rward sounds encouraging for Tenders Direct compared to what I expected.

Quite a lot of flaky stuff has been blown away and becoming easier to see the core business. Even allowing for the debt its worth more than the current share price but might see some weakness going forward first.

They can't be compared to SAP but if you looked into the SAP results, and move to subscription and cloud, the PHD efforts sound like they are ahead of that curve currently. Just mho.

[cureboy] 29/10/2020 07:44

Interesting that they keep saying they are confident of delivering better shareholder value by remaining independent. The longer we are at this level the harder it will be to fend off 55-70p bids. How patient will Lombard Odier and DBAY be? Sitting ducks.

[cureboy] 29/10/2020 07:30

As expected, new business levels good, growth in ARR is good. Still nothing really on BePayd, early adopters identified. Thought they were doing that this time last year.

[eezymunny] 29/10/2020 07:27

Adjusted Group Net Free Cash Flow 0.9m

PMSL!!!!

[tomps2] 29/10/2020 07:18

PHD results overview by Tim Sykes

Video:

Podcast:

An hour's results presentation with Q&A will be given 30.10.20 at 12.30. To join register here:

[susiebe] 29/10/2020 07:13

Final results RNS

[p1nkfish] 28/10/2020 21:59

Just looked, agree Lewis. Looks like it.

[mrshaungcm] 28/10/2020 21:10

not often exactly same buy/sell price - nor slight change in quantity

[lewis winthorpe] 28/10/2020 20:49

Both rollovers imho

[cureboy] 28/10/2020 20:30

I wonder if we are close to being notified of a bid actually. The BoD hinted at movement in that area soon after the half year results in Jan/Feb. They expected the interested parties to act quickly after those results. Same interested parties may still be in the picture and waiting for full year results. I do think that DBAY have been accumulating on behalf of the bidder.

[p1nkfish] 28/10/2020 20:10

Well someone thinks it opportune to add now, at that price, rather than wait 12 hours until results have been digested.

In other words they think, on balance of probabilities, price will be no lower and may even be higher tomorrow so they buy now rather than wait.

A positive vote with money.

[97peter] 28/10/2020 19:45

Could be Dbay or other II, or a couple or one PI’s? Things definitely on the up after this week, the end of year results, plus webinars and presentation over next 2 days will boost and cause a share price boost and or a takeover bid? Dbay can have my shares at 75p, but nothing less!!

[cureboy] 28/10/2020 19:23

Thoughts on the two big trades in last half an hour in results lead up?

[cureboy] 28/10/2020 16:50

250k buy at 16:08 shows confidence. *edit* 500k buy.

[cureboy] 28/10/2020 09:56

Core business has performed well with a return to organic growth in ARR so I expect solid FY20 results with a note of caution for FY21, though I think the growth in UK and US public sector will mitigate a lot of the risk. They wouldn’t be doing webinars tomorrow if it was bad IMO. May also use webinars to communicate BePayd news.

[p1nkfish] 27/10/2020 23:52

Forward look is key indeed and progress in getting the buying orgs all on the cloud platform and TBN. 150 needs to become 1000 this year.

[lewis winthorpe] 27/10/2020 22:18

Forward guidance is key, can't see how covid won't affect them short term. It is hitting everyone.Depends on how the market reacts. Proactis get punched harder than most because of ulterior agendas.At the moment mms know that if they shock the price they can make money and fill DBAY orders.Shame it is killing a good British, and northern company.

[lewis winthorpe] 27/10/2020 22:15

If results are bad then they lied at the trading update.....The Group's performance was in line with board and market expectations for the year despite the emergence of the COVID-19 global pandemic during the period, demonstrating the resilience of the Group's business model.New business deal intake for the year was at a record high as the Group secured a 29% increase in total contract value ("TCV") of GBP14.6m (2019: GBP11.3m). The Board maintains its expectation of increased levels of TCV over the coming years, with a growing pipeline and momentum building following the roll-out of the Group's new go-to-market strategy.The Board expects to report revenues of GBP49.2m for the year and adjusted EBITDA of GBP11.8m.Net bank debt as at 31 July 2020 was GBP37.1m (31 July 2019: GBP36.5m) with the year-end position impacted by the timing of settlement in certain accounts receivable balances as well as lower transaction volumes due to COVID-19 in the Group's outsourced services business. If volumes had been at the same level as prior period reporting dates, net debt would have been approximately GBP36.0mThis encouraging performance has been achieved despite the impact of COVID-19 which has caused slower pipeline conversion of the Group's new supplier-paid solution, bePayd, with prospects temporarily shifting priorities. The Board remains encouraged by the levels of interest in this solution and anticipates progress in the near term.Overall, the outlook for the new financial year remains encouraging, although the Board remains cautious given the macro-economic backdrop and associated risk across new business trends, project implementation deferrals, volume-based contracts and customer solvency. The Board looks forward to the next 12 months and is confident of delivering significant value with the business now well positioned and with a pipeline that is buildingEven the change in debt was accouted for.

[p1nkfish] 27/10/2020 22:03

I might well be wrong but I can't see how its possible to be more disappointing. Increasing the debt deflated my expectations. I dont want to see the debt rise further.

[cureboy] 27/10/2020 20:49

Results should be more or less as expected with FY20 guidance met. Price may move 2p either way no big moves. Webinars could be to highlight BePayd potential amongst other things. DBAY and Lombard provide a floor, another ii onboard and it’s onwards and upwards.

[p1nkfish] 27/10/2020 18:23

There's a good chance the market is already pricing in bad results. Less bad results could be upside. Its all relative when bombed out as much as this is.

[whatthe] 27/10/2020 17:58

It's also a waste of money to buy at 32p when you think it's going to fall further...for example if your about to put out disappointing results

[coldspring] 27/10/2020 14:15

So now its going bust?? Thats the only way you would waste your money......dipstick