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could drop anytime soon
hard to say as there has,i think,only been one trade of any size at that level and that was not a round figure one.certainly looks as though whatever their upper limit is it's going to have to be a bit higher than a few days ago,so good news. t/u soon no doubt which i assume will be key to the next stage.
dbays - new buy Level?
Is no one buying this close to the AGM and TU and bang!!!!
If anyone hears of rumours of headcount reductions please post it.
Thanks Ewan.
Ewan - any update on the company progress recently? You mentioned the April company email was positive, what were the May and June updates like?
Thanks
South wales went ages ago, London office inherited from Marketplace and Cramlington office from Due North were closed nearly 2 years ago. In UK we have Aberdeen, Telford and Wetherby for the various products, plus an office in London.
Has anyone got a list of UK addresses from the past as I thought there were more than listed on the website now. Have they closed any as I thought there was one in South Wales but nne now. If they cut back it might be a reason for the share price responding.
whoopy do - onwards and upwards
No idea... low volume leading to high prices. Theres little stock available...
Brilliant. Has something leaked about the next results release or what?
Did a dummy sell from one of my accounts - i was quoted 38.125 for about 54704 shares. Wow - wonder if something is going on???????????
Maybe we should just go for the single trade a day approach...and let the SP go up each time!!
They say good things come to those that wait....well we have all been waiting a rather looong time.....
good god!the s/p has actually moved.
or am i imagining it
Like anything new - it will need selling to finance directors - especially ones "stuck in the mud" in their routines
hope its just me bunco but i find that very odd.it almost seems to be saying no one is taking it please help us.hope I'm wrong
Yeah... it probably undervalues the company, but do you honestly expect something in excess of 1.50 a share, given we are at 36p at the moment? That's a huge premium. 65p is still a decent return and probably more reasonable. I would love 1.50 given that would make me over 100k in ISA profit.
The board have acted in a way that encouraged where we the share price is now and a lack of confidence in forecasts means no one outside of dbay want to buy at volume about this price. Perhaps they might have acted differently if they had understood what the outcome might be. It stems from the Perfect Commerce acquisition and the money raised that went up in flames so no one wants to touch the company at this price until they see proof of performance. 65p might be a good sell price. Its OK with me if the alternative is stagnation.
i would agree cureboy, but history has put us at 36p atm. importsant ,therefore, for s/p to get back to 60p plus before T/O starts (if that is what happens of course), otherwise we will be looking at low ball. hope not of course.
65p would value the company at 1.2 x revenue or 4 x EBITDA. SaaS companies sell for a median of 11 x EBITDA. In Proactis’ case that’s around £1.50/£1.60. So 65p grossly undervalues the company. It would be a disastrous outcome for the board.
I agree with that. I know, if it was a takeover being launched, a ceo wouldnt admit it. That would go under insider dealing .
Personally - I would like to see a takeover, even at something like 65p. That would give me a nice profit to put towards a new house :).
Not an exact date... week three of August. Hopefully its early in the week!