Proactis Share Discussion Threads

[lewis winthorpe] 29/4/2021 15:57

Just going to drift

[p1nkfish] 29/4/2021 13:50

I hold some but sold down a lot as it more than doubled for me.
Questioning holding what I have left over.

I really liked the idea of this company but the squeeze of covid, debt, awful Perfect Commerce buy and aborted FSP have all caused me to question everytthing.

Not one to get married to. Someone let 600K go.

[p1nkfish] 29/4/2021 13:46

There are opportunities elsewhere and Proactis has a problem attracting new money given the high net debt and lack of much growth. I would love this to head to 150p but in the meantime why park much money here when there is a risk it doesn't get out of this funk for another 9-12 months or something negative happens?

[coldspring] 29/4/2021 10:20

With the lack of progress and continuous go to Market Sykes waffle we have endured I can understand the seller, I am interested in what the buyer sees to spend over a quarter of a million pounds in one go. I hold but I don't see enough to spend more.

[p1nkfish] 29/4/2021 09:36

Or who released them into the market and do they have more they are OK to release to market around that price too? Someone let 600K go.

[coldspring] 29/4/2021 09:26

I am interested in who decides to buy 267k worth of shares after those results which were dull at best.

[p1nkfish] 29/4/2021 09:16

They need to prove the growth, no ifs, no buts. No further NET DEBT increases.

There are many really interesting recoveries out there, new money in PHD without proof of recovery/performance is dead money right now.

Time will come to go large again but hard to justify just yet.

I do hold.

[cureboy] 29/4/2021 09:08

Results borderline boring as expected but I continue to hold as I think there’s potential, either by way of a takeover or progression independently.

[coldspring] 29/4/2021 08:29

600k buy in one hit, wow

[brummy_git] 29/4/2021 08:20

Latest views & valuation here (in comments section)

www.linkedin.com/posts/paul-hill-a5994116_phd-saas-b2b-activity-6793420611243839488-f7Sv

[p1nkfish] 29/4/2021 07:53

Noticed that. Upsell a bit sick except in UK. Still hold some but this is in a coma. Sale of non-core will be telling. Revenue only 137K.

[eezymunny] 29/4/2021 07:37

"Adjusted Group Net Free Cash Flow £-0.8m

Usual tripe IMVHO. How DARE they talk about "Adjusted EBITDA2" in the headlines. Should be illegal IMVHO.

[p1nkfish] 28/4/2021 10:02

Dbay sitting there waiting. Everything suggests a breakdown in price but I think sellers are exhausted so a bit of light at the end of the tunnel and it could move up. Clueless but I don't see an avalache of selling as likely.

[p1nkfish] 27/4/2021 15:19

Quantiq Winteq videos now up on youtube with Proactis presentation.

[lewis winthorpe] 27/4/2021 12:29

Re debt, yeah don't expect disposal to dent debt but should hopefully reduce cost base. Depends if its a sale or get rid whatever the cost.Debt needs restructuring. I can see some dilution being needed.

[p1nkfish] 27/4/2021 11:29

If the disposal is as per alluded to in the report I dont think it will be a big dent in debt. It will help focus but didn't read as having much revenue.

Agreed, they are crimped by multiple handicaps.

The French results spooked me. They didn't read as genuine to me, something looked wrong.

[lewis winthorpe] 27/4/2021 11:00

Debt, dbay and delays (pandemic) are the suppressors here.I think they will address debt soon alongside a disposal.Dbay need to show their intent. No investment with a low ball offer imhoGreen shoots showing but strategy needs more time.Good little business despite it not being as accelerated as people like.Boring is good with this one.

[p1nkfish] 26/4/2021 17:49

Not doom and gloom, just ruddy obvious it's dead in the water. Many sectors are recovering. It needs ECT.

[lewis winthorpe] 26/4/2021 17:23

I do laugh. All doom and gloom. Usually the time to buy.

[p1nkfish] 26/4/2021 16:08

It's a concern the cfo hasn't bought much at all.
What other exit is there other than a trade sale for whatever they can get?
Saddens me but reality appears that way.

[whatthe] 26/4/2021 14:03

Results due in the next few days. Any bets on what he'll say. I'm going with something f all the lines "next year Rodney...when Bepayd takes off...and when Covid is out of the way...and when we replicate the UK model in rest of the business...blablablabla" This dog is most definitely dead

[p1nkfish] 26/4/2021 13:15

Perfect set-up for Proactis to be taken out and shot. A bid at 30% above recent average closes should do it. Shot? The old dog looks dead already.

[p1nkfish] 22/4/2021 20:26

A little bit of life in the old dog.

[p1nkfish] 19/4/2021 14:03

Would like to see DBAY push for a BoD seat, perhaps the next NED add.
CFO buying a few wouldn't be bad either.

[p1nkfish] 18/4/2021 20:57

Looking at price action vs volume since December I think selling is exhausted unless something really horrendous is announced.

What is critical is a reason for new money to enter else it's stagnant.

It's a geared play on EU/US opening up and recovery as that's where growth is due to come from going forward.