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Are they though? I can sell a huge chunk at 35p - unlikely that DBay can get huge amounts at the same price i can sell for.
Not sells it’s DBAY buying huge swathes of the company at 35p again.
Yep. I do think 35 is the floor price.
Wonder what will happen in the coming days.
Probably more in the hands of DBAY and at least it helps set a floor on the price.
Wow. That's a lot of sells today...
Ok I take that back as far as the low volume on sells... 2 X 150k shares just gone through. Someone has had enough.
I suspect there's some decent news to come on 9th September or before on BePayd. You don't hold an II webinar on a product without a clear strategy to encourage some investment.
The sell volume has been tiny and matched by buys (the 50k alone) yet 5+% drop in sp. Same old... Until buying volume returns as a result of confidence and excitement in the potential, i guess we're at the mercy of the MMs.
Quite a large fall in share price on minimal volume... wonder if we'll get to 40p again in the near term.
Can't say I'm not disappointed in the update I expected a lower debt value and more on BePayd. Doesn't look like there is much strategy for either and its more down to hope.
I think it has strengthened the BOD but net debt heading in the wrong direction is a worry and unless there is a growth spurt they need to cut something. They'll be burnt if the net debt goes up again at the next set of results as its a sign of spiralling down a black hole.
well that makes sense.certainly agree re the cost cutting v growth point.cost cutting short term growth long term imo also.
I would say strengthened slightly, they have show that they have been able to execute their strategy even in the most difficult of times. The debt has increased slightly, but there will have been costs as a result of Covid-19 and current revenue is still impact by the poor performance that caused the sharp drop 18 months ago. The important message is that proactis have returned to being a growth company and in this line of business with an SAAS model that's critical. Also, Sykes says that he expects to be able to accelerate growth, not maintain at these levels, but accelerate, so expect to see further improvements. To address the debt, they could either reduce outgoings or increase revenue, increasing revenue may be slower initially to get results, but the results will be far greater in the medium term. Cutting cost they could save a million her and a million there, but won't be able to significantly reduce the debt, this strategy will come good and today's news is a clear sign of green chutes.
wouldn't argue with that bunco.do you feel the BOD's position is strenghened or weakened by the results (or neither ?)I'm inclined,as you can see from my earlier posts, to go with slight weakening but just musing. is that a 50k sharetrade a DBay purchase?
That TCV is very impressive! From 22nd may when they hit last year's total of £11.3m they have delivered and additional £3.3m during what has to be one of the toughest times in history for business. Even remaining at this level for the next 12 months next years TCV would be £18m+. This is how to tackle the debt, we can expect the debt to reduce significantly over next 12 months. Given the impact of Covid-19 I believe most businesses would be happy with a slight increase in debt if they were still able to win record levels of new business.
yes i would agree with that.just worried a bit how markets focus on negatives.my thinking is that Dbay may feel that not having addressed debt quite as much as may have been expected or hoped for,the company or more particularly the BOD, may be in a weaker position.just speculation of course.
Given the backdrop, this looks very positive indeed albeit that, going forward, debt levels need to be addressed
problem is debt is up.i know they explain it ,but doesn't seem to have been much reduction even with the explanation.that said contract level is, as you say, very encouraging. i suspect it will aaccelerate Dbay in its efforts (whatever they are)
Record high contract value, even in the current climate. If this doesnt kick start the rise i dont know what will
trade
This afternoon might tell us something if the volume crops up. I cant see that happening but will be watching.
if they were true sells with no underlying buying - this would be well down
my thoughts also.
usual "sells"
So Tuesday it is unless the target slips. They might be waiting for news to beef up the release.
No worries :). Yep - i do recommend emailing him when/if you have questions.