Proactis Share Discussion Threads

[p1nkfish] 02/2/2018 18:42

Yes melody and revenue reductions have slowed. Geeatly interested to see revenue trend reverse with the lower cost base.When? I have no idea but believe it will happen and not too far off.

If PHD get the infrastructure in place and running well they can pull in other acquisitions and quickly take advantage of a multiplier effect of cross selling, reduced cost/duplication and increased customer base.

Risk involved but the prize is massive to everyone involved.

[melody9999] 02/2/2018 10:50

p1 - reviewing my holdings at present and thought I would scan PHD. Seems to me that we might expected profitability to be maintained at Hubwoo because the anticipated revenue falls have been matched by reducing cost base.

continue to hold

[p1nkfish] 01/2/2018 19:15

Hubwoo results, decline has slowed but it needs attention to reverse and push growth.



Thoughts?

[p1nkfish] 23/1/2018 16:13

Unusual for me, I averaged up recently.
If they get Hubwoo right this can multiply further.

[rivaldo] 23/1/2018 14:55

Can someone please sell and stop the price going up - I wanted to top up :o))

[p1nkfish] 19/1/2018 22:40

Post 1293 as below. It came in at "approximately €5.6 million (excluding fees and related expenses), payable through the Company's existing cash resources."

"I think it's about 4M euro in shares, approx, & further share price weakness would be no surprise. Hubwoo has interesting capabilities and reach but needs a thorough sorting out as the results have been poor."

Would now expect it will be north of €6M and delisting to get some cost savings. Shareholders will want to see Hubwoo capabilities leveraged quickly and substantially.

[p1nkfish] 18/1/2018 10:20

Hubwoo tender done. 20c.
Delist if illiquid after, it was illiquid before so delist after is bound to be a done deal.

I tried buying multiple times at various volumes and the spread was high or no availability of stock.

4c over what was a repeated market price.

I wanted to buy as I gathered they would have to.offer some premium.

[p1nkfish] 14/1/2018 15:33

Worth a read for valuations on Coupe ($100M rev = $1Bn valuation, seems high) and Tradeshift at $600M.

Execution risk is my concern on Proactis but if they do execute, remain profitable, get to £100M revenue - it's very undervalued currently.

[p1nkfish] 14/1/2018 10:05

Extra £20M in acquired revenue at about 3x sales multiple valuation.

Best to avoid excess integration costs unless the acquisition is of sufficient size to warrant it.

Interesting to go over the list of market players but some are private and revenue numbers not at all transparent.

Interesting.

[melody9999] 14/1/2018 09:38

This was the comment back in October:

"The Group is now engaged heavily in the integration process with Perfect as it looks to realise the synergistic benefits of the acquisition, with its track record holding the Group in good stead. The Board is encouraged by the early stage progress it has achieved and also by trading in the first months within the Group, which has been in line with its expectations. ...

TU was 20/2 last year so looks like it might be next month before we hear progress.

Patience required and should be rewarded

[p1nkfish] 14/1/2018 08:49

Next credit tightening cycle the strong will become stronger a d any over indebted zombies be bought in fire sales or just die. Customers could be hovered up if PHD is ready and out there or some assets picked up cheap. Valuations have been increasing low hanging fruit largely gone.

[p1nkfish] 14/1/2018 08:30

Sci Warehouse also in Leeds and heavily into NHS. About £5M revenue guesstimate. On Merc books at £10M for 62%, about 3x rev valuation probably? Guesstimate vs sector.

As credit tightens Determine will likely have problems unless it finds a sugar daddy.

PHD - note suggests 30% dilution to achieve acquisition aims, I guess 140M float by the end allowing for some drift up.

£100M revenue by 2021 through growth and another £25M bought revenue.

Valuations are on about 3x sales, PHD could better as profitable, so say £300M market cap, at least for £100M revenue.

Execution risk!

[p1nkfish] 14/1/2018 00:49

Sci warehouse (62% owned by Mercia with carry value of around £10M for that %) look attractive as a bolt-on.

ESM- hard to find rev figures.

Determine, interesting but debt and loss making, hence on low P/S multiple.

Tungsten, tainted in my book.

[p1nkfish] 13/1/2018 18:44

Long story short, KKR could plug important gaps in their offering via Jaegger by acquiring PHS.

PHD do need more scale as per the Progressive Equity analysis and look vulnerable as it stands.

[p1nkfish] 13/1/2018 18:38

Proactis need to be nimble -

[p1nkfish] 12/1/2018 20:07

There was a Progressive Equity write up pushed out today.

[chasbas] 12/1/2018 13:52

Looks like some institutional buying 625,000 at 175p

[p1nkfish] 08/1/2018 11:18

All that matters is business performance. Tips help speculative interest but without exploiting Perfect Commerce synergies, cross-selling well, good execution on integration and use of Hubwoo, any uplift is temporary.

I am a bit of a Jeremiah as I hate to see a good company start to veer off course.

Hope I'm wrong about PHD. Too much change all at once is rarely good.
Need to see they are still on track and not bogged down.

[rivaldo] 08/1/2018 08:56

Nice move this morning - I surmise perhaps PHD are a Techinvest tip for 2018?

[p1nkfish] 06/1/2018 15:22

I've held these a long while from a low price and a keen supporter.
Becoming concerned.
Hubwoo needs sorting, I read it should have been a few weeks ago. Still no news on independent valuation and cost.

Little to no news on the website, 2 items for Dec only and deadly quiet.

CEO change is a concern along with massive Perfect Commerce integration. Rod J was capable, jury out on new man..

I keep an eye on glassdoor for my holdings, this is a peek into Northern operations.

Pull a finger out Proactis or at least show you are performing.

[p1nkfish] 16/12/2017 00:51

Any day now they announce the cost of taking the rest of Hubwoo shares off the.market.

[p1nkfish] 10/12/2017 14:22

"We are not SAP" can be a selling point.

"We are SAP compatible" can be a selling point.

"We are not SAP but SAP compatible" ?