Proxama Share Discussion Threads

[plunge] 01/11/2017 21:48

A farewell post from JK on his LinkedIn account:

"So after three years in the driving seat of Proxama plc its time to move onto a new challenge. I'm delighted to complete the sale of our Payments Division tonight as a perfect finale. Leaving the business debt free, under tight cost control, rising revenues and at last some material working capital behind it, im leaving it in a significantly better position than when I joined. Good luck to the new Executive Team that now take the reins.....for me it's off to pastures new....though very familiar territory....."

[plunge] 01/11/2017 18:50

It looks like the new guard have moved very quickly to purge Proxama's website of anything to do with digital payments, proximity marketing and all the dodgy news items of the past.

[trek3] 01/11/2017 16:13

67mil buy just gone through, someone`s confident!

[bared_bones] 01/11/2017 15:59

Someone pls let me know when (not-invested but emotional ;-)) flashheart turns up again #pmsl. I didnt have to try very hard, left that to management.

flashheart 23 Mar'16 - 14:37 - 3493 of 3819 Not invested here but loving this bones character. Bit too desperate mate....back to de-ramping school for you lol.

[paul the octopus] 01/11/2017 10:25

who wants to go after JK and Peel Hunt for misleading investors wrt the $10m offer for DPD sale last year, at least they got to prove it wasn't a bogus words after all. Let's see what DD the broker made before issue that end back then, or was it just a bluff to get the placing away back then...

[paul the octopus] 01/11/2017 09:17

Peel Hunt on job, plenty left to offload, 20% or so

[nick rubens] 01/11/2017 08:31

I think the market knows, this is most likely over and just dragging out to the inevitable end.

[barvin] 01/11/2017 08:25

A huge distraction gone, however it now leaves very little income and that huge monthly cash burn. So they get a year of funds now, the pressure is really on.Great opportunity for those who sunk into the placing to later regret it to cash out, there won't be many opportunities... Look how it pulled back yesterday.Good changes, but fundamentals remain very poor.

[tmmalik] 01/11/2017 08:14

0.1p on card after this news in next 5-10 days

[oilbuy] 01/11/2017 07:51

Change in management and direction

[ochs] 01/11/2017 07:41

Yes, they previously claimed Digital was worth $10m, so £700k is quite a climb down! How embarassing. Additionally many PIs bought this share in the past on the anticipation of the $10m cash arriving and this drove the share price higher.

Not sure about the new name - they could have come up with something more snappy.

[paul the octopus] 01/11/2017 07:32

So they raised £3.2m to pay debt division of £2.4m then sell it for 700k, wasn't this the division that they been offered £10m for it last year? Change of name is a nice gesture to clear bad history, share reorganization next...

[tmmalik] 01/11/2017 07:14

Excellent news

[hasheivates1970] 31/10/2017 13:54

0.01p-lacing + 1:10000 con-solidation

[barvin] 31/10/2017 12:12

For the techies out there, you may have heard that it looks like Google have dropped the Physical Web for Android and iOS. Certainly not a positive move for proximity marketing and Proxama.

Although the product Proxama try to sell is SDK based by the looks, this recent announcement will have a detrimental effect on projects such as MyStop where no app is required. Marketing with this tech, just became a whole lot harder.

This highlights the potential issues dealing with third-party tech and potential GDPR issues and the hurdles in front of Proxama.

[ochs] 30/10/2017 17:41

Barvin - depends on your view of the company, technology and management? At least it is debt free now and has some (limited) cash. Headcount has fallen which should reduce costs, but clearly they do need some contracts. I'm happy to give it 6 months, especially now that my 0.03p open offer shares are just about in the money!

There were no details in the announcement as to whether Mr Kennedy will get any severance pay? One hopes not, but whilst it says 'resigned' they may well have paid him off - it would be good to know for sure!

[boffster] 30/10/2017 12:02

Thank you guys but I don't want to take all the credit since there were other disgruntled shareholders also making a nuisance of themselves. It goes to show though that companies will listen to private investors if they shout loudly enough.

[barvin] 30/10/2017 08:59

Take this opportunity to re-evaluate the company fundamentals. Can they win 10 or so contracts within the next year? Is the product offering any good?Here is a potential exit point, there will not be many...

[barvin] 30/10/2017 08:47

Very, very well done Boffster. Having seen 98% decline during his tenure I'm sure he knew of the disdain here. But at least he can look back that he left it in a potential turnaround situation.They just need about 10 significant contracts before May 18 potential fundraising...

[bigfrocks] 30/10/2017 07:45

Definitely the pressure from boffster and others made this happen, well done for all the efforts made!! Onwards and upwards!

[ochs] 30/10/2017 07:27

Sensible move by the company, and much cheaper than needing to hold an EGM.

Well done Boffster, I'm sure your tenacity pushed them into this move.