Share Name Share Symbol Market Type Share ISIN Share Description
Proxama LSE:PROX London Ordinary Share GB00B2PKZ581 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.0235p 0 05:31:08
Bid Price Offer Price High Price Low Price Open Price
0.022p 0.025p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 0.47 -3.80 -0.08 3.2

Proxama (PROX) Latest News

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Date Time Source Headline
09/4/201808:26RNSNONLocation Sciences Group PLC New client update
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Proxama (PROX) Top Chat Posts

DateSubject
07/2/2018
12:02
barvin: Blimey, don't want to be an alarmist here. But that info from Canarris is very worrying. The man who was running the show during a 98% drop is still involved? WTF? The Ltd company has been set up even after the resignation announcement of Kennedy! Although I do recall some cryptic LinkedIn message someone mentioned about him doing something similar. Courtesy of Plunge 01/11 - 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....." We saw the share price rise on news he had left, I'm sure the opposite effect will now happen. This stock is such a dog. I would be very nervous about holding large amounts going these into the results.
12/12/2017
20:26
bapodra_investments: Share price continues its slow decline. Very quiet here, I wonder why? I still think Proxama should adopt some sort of Blockchain technology into its Location Services offering. This will put a rocket up the share price. Just look at Coinsillium, Kryptonite 1 PLC, Vela Technologies and Blue Star Capital. Being associated in the blockchain and cryptocurrencies arena has done wonders for their share price.
14/11/2017
06:57
bapodra_investments: Right now the hot money is going into Blockchain start ups. Just look at the recent share price performance of Coinsillium, Kryptonite 1, Blue Star Capital, etc. These are investment companies investing high growth Blockchain start ups, etc. Blue Star is slightly different in that it is investing in technology businesses where as Coinsillium and Kryptonite. are more specialist. I guess the advertising companies would pay Location Sciences PLC to obtain access to data. If they don't then this company is finished even before it has began. The next contract win and the details within in it will be crucial to the share price of this company.
25/9/2017
15:48
barvin: !FOLLOWFEED On the appointment of John Kennedy as CEO, the PROX share price was 1.55p. It is today 0.026p, giving investors who bought and held that day a whopping 98% loss. https://www.investegate.co.uk/proxama-plc--prox-/rns/directorate-change/201507150700180585T/ How long will it be till PROX joins the 99% club. Time for a new CEO? ________________________________________________________ PROJECTED 2018 FUNDRAISE FOLLOWING DIGITAL PAYMENTS SALE & 2017 RESULTS (UPDATED FEBRUARY 2018) Cash at start of Jan 2018 is £1.14m At a projected cash burn of £175k a month, taken from details of 2017 results. This includes an increase of 50% of revenues and counteracts the predicted drop in grant money which looks to have almost been fully received. Plus the 50% predicted drop in admin costs. hxxp://gtr.rcuk.ac.uk/organisation/0ED6329B-4507-4D2D-8247-D172AEEC801E Cash held at 1st Jan 2018: £1.14m Estimated full cash depletion in Mid June 018 Estimated cash raise commencement: May 2018 NOTE: I have left out the DP secondary payment(£1m) over 18 months out (details of which they have chosen not to include in the results). As in my experience the targets are usually so high they are never met and the purchaser will be reluctant to try and meet them and pay out more cash in that early period. ________________________________________________________ £3m market cap at 0.0225p with 13.745bn shares in issue as of Jan 2018 DIGITAL PAYMENTS (SOLD/COMPLETED on 3rd Nov 17) ACONITE TECHNOLOGY LIMITED 2016 Turnover £277k Profit £267k * ACONITE SOLUTIONS LIMITED 2016 Turnover £1m Loss £663k * ACONITE CONSULTING LIMITED 2016 Turnover £206k Loss £22k Wages Bill £2.3m *Indirectly held by Aconite Technology Limited EXISTING BUSINESS LOCATION SCIENCES AI LIMITED (renamed PROXAMA SOLUTIONS LIMITED in Nov 2017) 2016 Turnover £269k Loss £2.4m Wage Bill £2.3m PROXAMA INC (US based business) PROXAMA PLC 2016 Turnover £1.8m Loss £5.1m Cash Outflow £2.4m Cash at hand £2m 2017 Turnover £471k Loss £3.18m Existing Op Cash Outflow £3.28m Cash at hand £1.14m Estimated loss for 2018 of £2m taking into account the 50% admin cost drop LOCATION SCIENCES GROUP LIMITED (Created November 2017) PROXAMA SOLUTIONS LIMITED (Created November 2017) ________________________________________________________ Estimated existing divisions cash outflow of £1.05mm for first half of 2017 Barclays warrants cannot be exercised by July 2018 unless through the company broker. The exercise price is 0.03p (35% higher than current price in Feb 2018) So certainly not in the companies interest to send the price higher than 0.032p ish and perhaps a target price and get out point for PI. hxxp://www.proxama.com/investors/aim-rule-26/ ________________________________________________________ So I'd say give it to early May 2018 and if nothing is showing, get out. As that is when another large dilutive placing could be commencing (further fundraise of £1m-£1.5m, could lead to up to 50% dilution) and Barclays get hold of those warrants in mid-2018, exercisable at 0.03p. Any contract announcements between these results and May time could be a primed for a placing and a perfect chance to get out on a spike. 0.03p proves the sticking point as that is the exercise price for Barclays and breakeven for White Angle, so should imo be the target for anyone wanting to get out before a potential placing/dilution.
17/8/2017
06:55
bapodra_investments: If you were someone more experienced, qualified or with more credibility then why on earth would join Proxama? From a technical perspective this share is an absolute dog so far. The chart does not lie when it comes to historical action. From a fundamental perspective there is only hope that this company is targeting the right market to make some money which will result in the share price to increase. So far there is not much more than hope for a share price increase. Hope is not a very good ingredient to have when trying to make profits on shares. The way things are going I think even a 'jam tomorrow' RNS would be most welcome. It just shows that all this 'Google' partnerships, etc do not help the share price unless there is some substance behind it which converts to serious revenue. I call most of the RNS's that Proxama have released in the last few years as NOISE. If you listen to it which I did then you get sucked in which is the whole point of the company releasing such information.
28/4/2017
07:02
bapodra_investments: If the market believes that there is the prospect of a DPD sale then the share price should go up in anticipation of that. If the share price does not go up from these levels and stay there then the market does not think the DPD sale will take place. It's as simple as that. The share price and the stock market is generally discounting six months ahead in the future. So the share price today is where the market thinks the company will at six months in the future. This is just a general and basic explanation. Of course there is more to it than that but the basic principle is true.
11/4/2017
13:46
cautoussid: buy price has dropped back well again with number of sells , a bounce soon may surprise ,seen even Today again how quickly prox share price can tick up ,has been good to see sellers cleared at this level before more of a move up may be seen ,
05/4/2017
08:02
cautoussid: I have been lucky enough to have been able to keep buying and now have a lower average , so feel for the people who still holding with averages close to 140/ 150 , hoping may not be long until they back level or in profit , have seen last September how quickly prox share price can move back up again after a placing
30/3/2017
11:25
cautoussid: LIKE TO SEE THE negative posters now spending so much time on prox share boards , difficult time for them as seen on Tuesday how quickly prox share price can rise
01/3/2017
18:47
bapodra_investments: Proxama has been announcing £0.3m grants, partnerships and minuscule contract wins for years. There is nothing new here apart from encouraging new investors to invest in Proxama shares. I think the DPD sale is the only thing that can really increase the share price in the short to medium term. Long term it will be the million pound proximity marketing contracts and the company making a net profit year on year. However that is long term and is a big if. No DPD sale means obscure financing and more dilution and lowering share price. I think that a good quality company with excellent prospects can obtain good quality funding and capital. If this can be demonstrated to the banks then they will offer finance to a company that is more attractive than Darwin. However the bank will look at the accounts and balance sheet of a company and unfortunately for Proxama over the past few years it is not good reading. If the DPD sale does not go through in 2017 then I am afraid it may be game over. If it goes through then it will be rid of Darwin and will have enough capital on its balance sheet to grow the revenues of the Proximity side. Its as simple as that. I would say on the balance of probability it is near around 50/50 at the moment. I can't call it and am just holding at the moment. I think it may have found a solid base and support at around 0.30p so as long as it does not go below that then I am comfortable to hold with a view that it the share price should slowly creep up as any potential news is leaked about the DPD sale. Make no mistake if this happens then others will know well before the likes of us and the share price will reflect this. I would not be surprised if initially it went up triple digits in a day on the news before seriously calming down on the next few days after. Come on PROX announce the DPD sale and get a move on!
Proxama share price data is direct from the London Stock Exchange
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