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thank you farhantahir. i appreciate your reply. good to hear that he is good at replying
Yes - when i invest in a company, one of the criteria i set is how the CEO (and board) engages with me. Tim is good at replying to emails. I've not asked for anything confidential - mainly clarification points. I do recommend speaking to boards - you are trusting them with money. In my case, Proactis is, by far, my largest holding.
farhantahir is this something you have been told by sykes? just asking and appreciate you may prefer not to say.
To add - I was wrong re. The update. This week was the target but dont think it will be met. New target is the 25th - hopefully the delay is because something positive is brewing.
Thanks for posting.
Trading update is sometimes this week. That much I know. Tim confirmed it in an email to me. Hope it's a good one.
So we are due a TU soon and perhaps a seperate bePayd RNS if there is local and central gov traction. On the video Anthony Persse also mentioned they had some large companies interested before the virus hit but it would be hard to be bigger than gov interest.
"but just now we’ve literally started to get decent traction with local government, central government and the private sector."
CFO should have been at home and with reduced travel, reduced new signings - more time to get figures lined up and Sykes, CFO more time to word a TU.
Yeah, sounds like they are getting somewhere. Tough time to drop a new product, even if it is perfectly suited to helping companies in these circumstances. I can understand why there was reluctance to take bepayd on a few months ago, same reason we've had little churn, people tend to freeze and stick with what they know in times of crisis. However as we are now looking to move out of the crisis I think there will be significant uptake as companies look to kick start their business with cashflow being a critical factor in how quickly they can do this.
YHAL - why do you think they have had time on their hands? I can't see that there would be much change in effort for a company like proactis, perhaps less work for the support teams, but I would think management would have an increased work load if anything.
As they have time on their hands I would have expected the TU to be early this year so perhaps it has been delayed to allow something to land first then release the TU mentioning it.
yes thats encouraging.will be interesting to see how it is reflected and projected forward in the tu.
That statement was from 12th Aug 2020. Decent traction now.
It has been a slow pick-up but this is really interesting, "but just now we’ve literally started to get decent traction with local government, central government and the private sector."
https://www.youtube.com/watch?v=WWKG_RrHMSI&feature=youtu.be
It has been a slow pick-up but this is really interesting, "but just now we’ve literally started to get decent traction with local government, central government and the private sector."
https://www.youtube.com/watch?v=WWKG_RrHMSI&feature=youtu.be
small delayed buy
and the price did not flinch - somebody buying still i take it
Noticed this earlier on the proactis US site... https://www.proactis.com/us/solutions/purchase-to-pay/accelerated-payment-facility/
Looks like they plan to launch bepayd in the US soon!
Usual games... The late trade at a price way above the buy price on the open market to save the SP from appearing down for the day.... Read into that what you will, but it's clear manipulation, buying a small amount at a price way above market value to ensure a blue finish.
A cheap takeover is possible, being unlucky with the timing of calling off the FSP and the virus hitting the share price could give any bidder a nice opportunity to steal the company.
84,000 shares old cheap for DBay to pick up ahead of the TU later this month. Things are better than last year, so can only see good news, but slow take up from Gov and Large global players, banks on the BEPayd side of life, just hope Tim has some detailed tactics and strategies to turn this around before DBay snap up the 29.9% they need at less than 50p and bid in at 85p on the cheap!!! Come September!!??
agreed. will be interesting to see what, if anything, Dbay do after the results.
Maybe in the world of spend management this is punchy! :-)
This is an important set of results that are coming up for Tim and the team. Tim has been at the helm for 18months + now and if he wants to remain there he needs to evidence to shareholders and investors that the ship has been turned around, if he can't show that in these results then I'm not sure shareholders have the patience to wait another 6months.
I hope they could make it more punchy than this mouthful.
"Control 100% of your Spend. Transform your Source-to-Pay processes; save money and create efficiency gains while increasing compliance and reducing risk."
Some new messaging for spend management... https://www.proactis.com/uk/company/news/2020/august/proactis-announces-new-spend-management-messaging/