Progility Share Discussion Threads

[dusseldorf] 25/4/2017 14:53

Hopefully Bos is getting somewhere in terms of converting his debt (via Praxis) - PGY is a £30m+ company trading at £2.5m due to outstanding debt (and it's knock on impact on profitability).

I guess if he trades his way through to repayment the share price will be multiples higher, but in all likelihood, he'll secure himself the lions share of the equity when the time is right...hopefully at 5p+

[davidlloyd] 25/4/2017 14:46

yes, the share price :-)

DL

[falia] 25/4/2017 14:38

SOMETHING UP

[dusseldorf] 23/3/2017 07:58

Excellent progress. managed to swing to a profit, reversing a £1.2m loss despite paying £1.6m in loan finance costs to the chairmans vehicle in the half.

If he converted his equity at say 5p, the co. could be on for £3m profit per year (assuming loan costs disappear) and market cap of £30m which seems reasonable. At 2.5p, it would be £25m market cap with £3m profit.

Mr Bos, please table conversion of loans to equity!

[dusseldorf] 08/3/2017 09:51

Interim results due in the next 3 weeks ish, looking forward to some progress on both cost base and revenues...but either will do for now

[dusseldorf] 20/1/2017 09:13

150k more for me. Interims in March should show good progress on cost reduction.

Yes, the Wayne bos (linked co.) debt is concern, but ultimately the facility has plenty of headroom and the business 'as is' should still be in a position to service the debt and make some profit.

When he's ready I'm sure he'll convert the debt, but I suspect one or two more acquisitions first. Hoping for a good recovery in share price for FY 2016 in October 2017.

I'll let the bid rise flush out some sellers before buying any more.

[dusseldorf] 16/11/2016 12:45

This is about to tick up IMO.

I've bought a few of late current spread 1.0 - 1.4. Can sell at 1.32, can't buy at 1.4.

[deanroberthunt] 10/10/2016 12:02

it's not that good.

[smithie6] 07/10/2016 19:25

Post 60. Graham

No need for Wayne to pay out to get remaining shares.....he controls already....he can convert loan notes when he wants....& then minority holders are even more irrelevant...& if he then bt out minority hldrs it would be at a much lower price imho

Its a load of rubbish imho for shareholders imho.

[rarther] 07/10/2016 17:25

In dotcom times this was called Time2Learn. The only thing anyone has learned in these 2 decades is not to invest in this jam tomorrow investor fleecing vehicle. When their ship does finally come in one day investors will not see a penny. There is no reason for them to be listed other than for fleecing investors for cash and then devaluing the company for the eventual discounted MBO.They should rename it Caveat Emptor Plc

[smithie6] 07/10/2016 15:49

Graham1TY

Good post and including info about ILX history.

(My view is unchanged....with loan notes giving so much power to the exec. chair.. and dilution to existing shares...and bad record of Auz businesses....for me this share is a barge pole job.

ELCO. much more interesting imho

[hatey] 07/10/2016 11:47

I hope loads got wiped out here. They deserve it, the company warned results would
be rubbish with the no reason for rise Rns and still they chased it 100% higher !

[graham1ty] 07/10/2016 11:33

Ramp it up, dump it down. The emperor has no clothes. Some will have made a stack of money in this little exercise. Not small shareholders. This company should not be a public company. Wayne has lots of money. Buy out the minority at say 3p and then get off the LSE.

What a farce

[the patient investor] 07/10/2016 09:34

just sent this to investors relations
why dont u do the same?
Will they care to reply?


[e-mail]

To Whom it may concern.

Briefly, I would like to know if you still intend to publish your results today as per recent announcement and, if not, why.

Many thanks.

Best regards

Mr Impatient, share holder

[the patient investor] 07/10/2016 09:12

very interesting interviews to the CEO (who happens to own a little fortune in the company) and to another director

[the patient investor] 07/10/2016 09:05

i named myself patient in the hope i will change my nature

it doesn't work!

[dusseldorf] 07/10/2016 08:42

what's in it will be a conversion of the debt the director has been accumulating IMO, perhaps not yet, but it will come sure enough. The reason for the rise in all likelihood insider trading based on the output of the results and commentary.

The market cap may be £5m, but the outstanding debt is in the region of £20m, almost all of which is convertible(!)

be careful IMO a double edged sword of improved results but massive debt commitments.

[mally6] 07/10/2016 08:36

patient investor not very patient r u it will come what's in it remains to b seen

[the patient investor] 07/10/2016 08:26

why this plunge?

[the patient investor] 06/10/2016 21:29

MANY thanks

[mattc1] 06/10/2016 20:45

TPI - Results to be released tomorrow and trading update released the other week stated strong sales which will be reflected in results. So anticipation of strong figures...

[davidlloyd] 06/10/2016 17:21

Zoinks. Nice to see, but still a long way to go to get to my average :-/

DL