Proactis Share Discussion Threads

[p1nkfish] 20/5/2018 09:05

Worth re-reading to remember it's not all about BP & SHELL.

[rivaldo] 18/5/2018 12:25

Strategic Equity Capital continue to buy - they're now above 6%, with 5.59m shares:

[p1nkfish] 17/5/2018 22:43

I was thinking that too AISHAH.

This trip could make good opportunity for the likes of Basware or one of another 3 or 4.

[mfhmfh] 17/5/2018 16:40

interesting...

[aishah] 17/5/2018 16:00

Could the consolidator get consolidated? Just a thought.

[pj0077] 17/5/2018 15:56

Some stake building occuring here.2.8% of the company purchased at 117p

[rivaldo] 17/5/2018 11:33

Big volumes again today, and buyers are paying the full 120p offer price.

[red ninja] 16/5/2018 12:24

Artemis Aim VCT: April Comentary:-

"Commentary
In contrast to recent history, the updates we received in April were, in the main, disappointing. Although interim results from Proactis were in line with expectations, a combination of currency headwinds and customer attrition meant that full-year forecasts were downgraded. We think the 42% fall in its share price was an overreaction but coming so soon after a large acquisition and fundraising we can sympathise with investors' frustrations. The management certainly has work to do if it is to restore confidence"

hxxps://www.artemisfunds.com/en/gbr/investor/funds/.../artemis-vct-plc/ordinary-shares

[rivaldo] 15/5/2018 12:45

Strategic Equity Capital are buying more - they're now up to 5.8% (from 4.34%), with almost 5.4m shares:

[scgoliath] 14/5/2018 15:16

Revisit? Not with those buys it won't

[p1nkfish] 10/5/2018 19:07

It might revisit but this is not anywhere near the end of the story for PHD. Let it settle and results will speak for themselves over the next 12-24 months.

[rivaldo] 10/5/2018 13:13

Cheers p1nkfish, good news.

The price is moving nicely now. Looks like those were indeed the lows.

[p1nkfish] 08/5/2018 23:41

I think it's DuPont Sustainable Solutions.

[p1nkfish] 08/5/2018 19:00

N+1 are wrong imho.

[aishah] 08/5/2018 10:10

Techinvest has a review of results and comments that "... the medium-term growth outlook for the business remains very attractive, with the acquisition of Perfect Commerce creating the scale required to compete effectively in both the US and European procurement software markets. Strong hold"

[rivaldo] 08/5/2018 10:00

N+1 Singer have today revised their forecasts downwards following the warning, and have re-set their target price to 151p.

Their new forecasts are:

this year (to 31 July'18) : 9.1p EPS
next year (to 31 July'19) : 11.3p EPS

with 1.5p and 1.6p dividends respectively.

So we are only 3 months away from a year where the current year P/E will be just 9.5.

They conclude:

"Investor sentiment has been badly dented by the rapid reversal in outlook and given rise to concerns over customer retention and competitive positioning. However, there are enough indications that this weakness is temporal and the current valuation suggests significant upside if positive momentum is restored in Q4. We set a new target price of 151p."

[p1nkfish] 05/5/2018 09:12

The whole point of the Perfect/Hubwoo reverse take-over was to accelerate the market place offering. Let's see if that occurs in reality. Solid progress needs to be visible to the market with previous statements proven to be to true.

[p1nkfish] 04/5/2018 21:51

Todays low might have been the local double. About 92p-93p was low at first sell-off too on day of results.

[p1nkfish] 04/5/2018 21:34

Execution and positive predictability was a Proactis strength and helped justify the price.

I'm also concerned that a fundamental character change may have occurred on the retirement of Rod Jones. He was a capable pair of hands. Steady.

[p1nkfish] 04/5/2018 21:29

Interested to know who will offer the factoring finance.
This is a buy (knowing risk) and hold.
The factoring side will be low margin but high revenue and my concerns are;

a) Profitable growth needs to be shown to be order of the day going forward.

b) More money needed for the acquisition pipeline.

c) The "we can integrate" narrative has taken a perceived hit. This relates to a) and b) above.

d) Need to split out factoring from core business so any margin erosion is explained clearly.

Want to see management buying. They may not be doing so if they know of market moving news or waiting for another placing. What if they raise again at towards £1. Repeatedly I see prices gravitate towards a placing price before news hits.

I think this is a bump in the road, not at all like Proactis, but need to see normal service resumed without these type of unpredictable events else the whole character of the business will have changed and the multiple applied to it.

[rivaldo] 04/5/2018 13:50

It's already risen 7% since Smithie6 posted this morning :o))

The markets will always surprise you.

If the overhang is gone then there could be a rather large bounce. If not, then I can't see much downside from here anyway.

[smithie6] 04/5/2018 09:23

sorry for holders to see the bounce fail, so far,

but so far the share price is in line what my posted comments

(& with the debt pile hanging over it & bad news I dont see the share price rising in coming months)

[rivaldo] 04/5/2018 09:00

I suspect an institution or two have seen the value of their holding reduce to the extent that they're just disposing of the remnants at whatever they can get and starting a clean slate.

IMO the share price has slid to a very low level. Over time, if PHD get their act together (helped by sterling's fall!), there could be very considerable upside from here. Until then it's just a case of sitting and waiting until the sellers have finished. - or until the price attracts sufficient buyers to mop up any overhang.

Interesting coverage here:



Conclusion:

"To be clear, there is nothing immediate here for customers or prospective customers to worry about. The share price has no direct effect on anything really other than the wealth (on paper) of investors, and the firm is still comfortably profitable. But it will be worth keeping an eye on progress, and the full year results will be eagerly awaited in a few months’ time; the size of the challenge to integrate Perfect Commerce shouldn’t be under-estimated."

[p1nkfish] 03/5/2018 15:38

I can't believe the whole sterling narrative.
It should recover but what does the seller know?
Someone is wrong here. Divestor or accumulator?

[cantrememberthis2] 03/5/2018 11:53

Beg to differ, with the recent M&As, sterling again in retreat this seems an opportune time to accumulate.

Will re-top up at 91p