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cureboy.sorry predictive text
agreecwith that curably. the problem here though seems to be that at the moment there is little to move the s/p up significantly. there doesn't seem be much buying interest from pis and it seems the institutions can acquire substantial amounts without pushing the price up.possibly we could get additional buying if we get a very positive trading update, but absent that, we may just sit here until whatever the master plan(assuming there is one)is revealed. that said the only thing that is certain on aim is that things never turn out as you expect, so anything could happen.overall though i agree that the situation is very positive.
FSP - “several interested parties”.
I see it as a positive sign that the stock is so tightly held with institutions adding in huge volume recently. That said, the longer it’s sat here at mid-late 30s, the more they become a sitting duck for a takeover imo.
Apologies: I got it badly wrong. Thank you. I hate wrong info myself, it really annoys me, so I appreciate the correction. I was enjoying trying to be funny and lost concentration. !
I looked on Stockop*dia at the "Institutions" link which by memory I thought said 87.6%, actually checking today it was probably 83.6%, and didn't notice it was actually the 10 largest holders, so included a private investor who holds 9m shares. Otherwise it is all institutions: and apart from those on the website includes Fidelity, Strategic Equity Capital, Liontrust, and Otus Capital Management [report date Oct 18]. Don't quite know what to make of that, but would on balance trust the company's own info, and they do say the page was last updated 24th June.
We also know that around 5% is held by senior execs and others in the company. Plus if I remember correctly from when the FSP forced them to declare, all the sub 3% holders added to around 15%... This will have no doubt changed over time but will surely remain between 10-15%.
As such, I estimate around 85% are held tight with around 15-20% being with PI a percentage of which will also be holding tight... I won't let my 0.3% go easily.
Also, there are actually 3 technical support roles on the proactis website now! :-)
Institutions hold much less than 90%. Check the Shareholder section of the website to see., it's 65%. The other 25% to the 90% is probably not ii's.
https://www.proactis.com/uk/investors/
Oh dear.
I doubled my holding at 21.9p in April. Now up 66% on that so looked at selling it to raise money for other things. Fatal: topped up again :(
Institutions have been buying this very heavily since March, now hold nearly 90%. It's in a fantastic area for this economic environment. According to the interims published in April (which seemed to me great):
"Total Contract Value ("TCV"), excluding renewals, signed was £7.5m (H1 FY2019: £6.1m; H2 FY2019: £5.2m), an increase of 44% against H2 FY2019" and post period end:
"TCV, excluding renewals, signed to date of £10.8m compared with £11.3m for the whole prior financial year"
That's £6.1m to £5.2m to £7.5m to £10.8m just for 3 months - period ended 31st Jan.
Now you tell me they're hiring. No ***** wonder! Poor things.
Of course I could just lose the entire gain from the last top up.... I'll blame you.
Two new technical support roles advertised on the proactis website... Looks like the company is either seeing or expecting an increase in demand.