Proactis Share Discussion Threads

[ernestsyngen] 24/4/2018 09:59

Looks like the bottom as buying is now commencing .

Interesting afternoon ahead

[nurdin] 24/4/2018 09:57

Fair comment.I understand they are all in a meeting now.

[its the oxman] 24/4/2018 09:56

Yes almost bought here. Lucky I did not but could get interesting now. Chart says 110p at worst to me. If management meetings with institutions go poorly then it could easily drift there but want to see new forecast eps, was 11.8p I think. This will obviously come down but by how much and I guess management caution suggests it could be cut again in future / short term. All that said i don't see it as a bad company and now looks a cheap share but market may need good trading news before a meaningful recovery. That's how I see it.

[ernestsyngen] 24/4/2018 09:45

Could well be OXMAN. Be interesting if we see a turn around this afternoon by say 10%. I have read that RNS ten times and for the life of me can not see where a 30%+ drop has come from. Never cease to be amassed at AIM

[eezymunny] 24/4/2018 09:44

So low organic growth
Negative net current assets
A pile of debt
That most awful thing - quoting adjusted EBITDA and at the same time capitalising R&D costs. Not much cash generated (£3.7m? pre working cap movements), so even at 120p (market cap c. £112m) it's hardly cheap.
Huge acquisition on a what 4 or 5 x revenue multiple?
Now cautious, losing customers etc.
Placing anyone?

May all pan out OK I suppose but hardly screams value here to me.

[its the oxman] 24/4/2018 09:38

Possibly but could be reporting of sells showing as buys just because they are now higher than current price. I think this happens sometimes with delayed reporting of large / worked trades.

[ernestsyngen] 24/4/2018 09:25

Somebody is buying in 100 Grand chunks - Very nice

[aishah] 24/4/2018 09:22

It's been on my watchlist since Techinvest included them in their New Year tips list. Quality operator. They already flagged this in their Feb update:

"The Board expects to report its interim results on 24 April 2018, at which point it anticipates reporting a 123% increase in revenues to approximately GBP26.3m(1) (2017: GBP11.8m) and a 183% increase in Adjusted EBITDA(2) to approximately GBP8.5m(1) (2017: GBP3.0m)."

I've availed myself of quite a few shares this morning already. May add considerably more on further weakness. 35% haircut in share price looks overdone imo.

Directors bought a total of 43k @155p on 13th March.

[its the oxman] 24/4/2018 09:18

Jump in order book looks great at first glance but is it real growth or just because of the perfect order book being added? Management comment re being cautious on short term future will hold buying back I guess.

[lewis winthorpe] 24/4/2018 09:04

Sad really. 2years of positivity wiped in one fairly inert RNS

[ernestsyngen] 24/4/2018 08:54

Way, way , way overdone on the share price drop.

Well worth entry here and so I have for just shy of 10 Grand.

What is it with shares being oversold lately after an RNS? Anyway, this will bounce back in the short term IMO

[nurdin] 24/4/2018 08:45

Yes I agree

[melody9999] 24/4/2018 08:44

Nurdin - dunno but the impact is:

"Underlying revenue growth (excluding the benefit of acquisitions and currency translation related factors) was 3% (31 January 2017: 12%)"

So I read that as organic growth to be 3% - so we may be flat after currency impact.
And we are still gaining new customers:

"Order book2 was £47.8m (31 July 2017: £28.0m)"

So hardly a disaster reflecting a 30% share price fall?

[goodpick] 24/4/2018 08:32

The price drop is overdone on very low volumes and have bought more this morning. A good opportunity.

Currency issues are hopefully and probably short term though they need to resolve any churn issues albeit minor.

[nurdin] 24/4/2018 08:32

what does temporary loss of customers mean I wonder...

[nimrod22] 24/4/2018 08:22

Bought 10 grands worth at 132p, worth a punt with such an overdone drop

[rivaldo] 24/4/2018 08:11

There was obviously going to be an initial reaction to the comments re strengthening sterling and, more seriously, a "temporary" loss of customers.

However, I think the current reaction is overdone given the overall outlook, recurring income etc. So this could well be an opportunity once things settle down.

[hardupfedup] 24/4/2018 08:05

ditto looked good to me

[nurdin] 24/4/2018 08:03

eck..wasnt expecting this

[p1nkfish] 05/4/2018 08:10

This is a little news. Bigger stuff going on with Hubwoo integration imho and in US no doubt.

POBL, although good, is not a needle moving piece of business now. Would have been a few years back.

[rivaldo] 05/4/2018 07:22

Good news re a contract expansion:



"Social Housing Provider, Pobl Group, Uses PROACTIS for Group-Wide Spend Management

Pobl Group improves spend management processes with PROACTIS Purchase-to-Pay
April 03, 2018 07:34 AM Eastern Daylight Time

WETHERBY, England--(BUSINESS WIRE)--PROACTIS, a global Spend Control and eProcurement solution provider, today announced that the Pobl Group has extended its use of the PROACTIS Purchase-to-Pay solution to ensure better visibility and control of corporate spend across the group.

Pobl Group was created by the merger of Seren Group and Grŵp Gwalia in 2016. As a new, single group their aim is to create more affordable homes, provide more support to enable people to live the life they want and offer the highest quality care to meet the needs of an ageing population. The group currently manages over 16,000 homes and provides support for over 9,000 people.

Following the merger, the group went through a period of enterprise system change, with the identification and selection of a new financial solution – OpenAccounts implemented by Orchard. They also undertook a competitive tender process for a new Purchase-to-Pay (P2P) solution. PROACTIS was successful in retaining the contract for P2P and extending its adoption to the wider group.

etc"

[eagle eye] 16/3/2018 19:46

PROACTIS Recognised as a Major Player in IDC Worldwide Procure-to-Pay Market Report

Leadership in Worldwide SaaS and Cloud-Enabled Procure-to-Pay Applications Market

hxxps://www.businesswire.com/news/home/20180316005463/en/

[p1nkfish] 15/3/2018 19:07

EXCELLENT news.

[rivaldo] 15/3/2018 12:08

Good find douglas fir, cheers.

[jonthetourist] 15/3/2018 11:22

For reference, SEH hotels covers over 600 properties across 12 countries.