Proactis Share Discussion Threads

[coldspring] 08/1/2021 17:29

Big but not yet printed? Seems very odd we jumped a penny with no corresponding trade ?

[cureboy] 08/1/2021 15:07

Joking aside, even Tim Sykes had a wry smile when I asked him about DBAY's intentions on the full year results webinar.

[cureboy] 08/1/2021 14:03

I just can’t hold it in anymore...DBAY DBAY DBAY DBAY DBAY...ah that’s better.

[coldspring] 08/1/2021 12:39

Haha thats funny

[cureboy] 08/1/2021 12:03

Lombard can be trusted more than other significant shareholders whose name will go unmentioned, having rode this from 30p to 180p in previous years. They see the value.

[cureboy] 08/1/2021 11:32

RNS: Lombard Odier have increased their holding by around 0.2% to 29.11%. Arguably the biggest vote of confidence as the largest holder, has to be a good sign as they'll be close to the board.

[coldspring] 08/1/2021 11:30

RNS......Lombard adding

[cureboy] 08/1/2021 07:31

Yeah I dunno what his problem is. I only mention DBAY on around 90% of my posts on here.

[p1nkfish] 08/1/2021 00:15

An old poster returned under a new label. Likes STAF.

[cureboy] 07/1/2021 22:25

Split personality disorder. Don’t tell him I was here.

[smartiesdad] 07/1/2021 19:32

Does Cureboy have a mental illness? He keeps saying DBAY every single day. Seriously get some fresh air, it will do you the world of good.

[cureboy] 07/1/2021 14:57

Interesting goings on over at Telit today with u-box pulling out of a potential deal. Opens the door for DBAY.

[cureboy] 07/1/2021 09:29

4 x trades of 104,918k on the bid price. Are DBAY resuming their accumulation or are they actual sells? Usually they operate in round numbers.

[cureboy] 06/1/2021 19:16

News and institutional investment (not DBAY) is needed to get us moving up towards 60p. DBAYS tactic is to bore everyone to death. Now’s not the time to be selling if you can help it.

[p1nkfish] 06/1/2021 17:01

Some people might have bought on the expectation of the run up to 60p someone predicted to happen by Christmas. Some now selling down to move out whilst DBAY get chance to mop-up any mess.

[coldspring] 06/1/2021 16:33

Slowly Down down down.....sigh. This time next year rodders

[cureboy] 04/1/2021 16:31

Price ticked down a notch for a DBAY buy at 44p. Happy New Year DBAY.

[cureboy] 04/1/2021 15:04

Down to 45p before a rise to 51/52p in next 2-3 weeks.

[p1nkfish] 02/1/2021 14:01

Proactis Total Procure PVT was a subsidiary to Proactis Developing Markets Ltd and was listed in 2018, 2019 accounts but now gone. Only Proactis Developing Markets now left but in the process of liquidation.

Thus might be the element being sold with low revenue and certainly sounds non-core when the aim is driving sales in US, France & Germany.

[p1nkfish] 02/1/2021 13:26

One element held for liquidation is "PHD Developing Markets Limited".

[p1nkfish] 02/1/2021 13:08

What part of the business generates about 416K? Anyone have any idea what element they are looking to dispose of? Its in Business Spend Management and not Tendering?

[p1nkfish] 02/1/2021 12:43

The disposal potential relates to £416K of revenue, see note 22 for the "Total liabilities classified as held for sale" being £10.429M.

They are seriously looking at becoming more focused and leaner.

What £ will they get for the disposal and what benefit to the cost base? I have no idea.

If there is an upside potential to the disposal throwing it at the debt can only help make it easier to carry and possibly bring forward re-instatement of a dividend. Improved ratios etc.

All conjecture, dyor.

[p1nkfish] 02/1/2021 12:37

Annual Report & Accounts, probably already posted but interesting.

"Adjusted revenues were £49.2m after removing revenue relating to a non-core part of the business classified as held for sale at the year end. Refer to Note 22 for further detail."

Note 22.

"At 31 July 2020, the Group was actively progressing the sale of a non-core element of the Group’s Business Spend
Management business. The Group expects the sale to be completed within 12 months of the year end."

Probability of that news landing increases every day, 5 months of the 12 now gone.

[p1nkfish] 30/12/2020 17:58

Lot of companies went into total shutdown until 4th Jan, except any necessary skeleton staff. New tiers won't help much either.

DBAY are waiting for the price to come to them which it will slowly without a reason for others to buy.