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mildly interesting action at close. berenberg moved to 31p on bid and now on 34p on ask.
out of 25 trades so far today 15 have gone through at 32p exactly midway between bid and ask.just saying.
Just to confirm that I sold 32K this morning at 32p to capitalise on a silly 10% drop elsewhere which already has seen me make gains. I hope to buy em back at some stage
Real results are the only way to get many excited enough to invest here. Revenue alone won't do it. They could have a massive total available market and grow revenue quickly but if you can't make real money from it you don't have much of a business.
Yeah personally can’t see this going much lower, 1 or 2p max. Lombard Odier and DBAY offer the floor with their averages more or less where we are now. Although there’s an obvious knock on effect, it’s mainly going to be hospitality and travel sectors hit over the next few days but I think Covid-19 is already priced into many valuations right now. Everyone knew it was coming, the DAX and FTSE took big hits last two weeks. The difference with this second lockdown is they’re not closing the economy, everything bar hospitality sector remains open. Proactis should be nimble enough to avoid taking much of a hit, which is what they’ve said with lower costs offsetting revenue loss. Spend management is now more relevant than ever there will be opportunities - even more so in public sector. where they’re starting to get big results.
Maybe... But who is going to sell here? We've been through a lockdown already and proactis continued to increase new business even during lockdown albeit not at the rate expected before covid arrived. Compared to many businesses proactis has coped very well with covid. Don't see what the benefit in selling here would be, but I'm fine if people do, I'll take their shares as 6-12 months I think we'll be nudging £1 here. Webinar was positive, I am think 3-12 months for re-rate.
that may be correct,but it will,in due course,go up again.just means Dbay will buy more at a lower price.
the whole market will fall on Monday including this stock
DBAY get whatever they want. Buy the company or the value of their shares go up anyway.
very interesting comments cureboy.being cynical i don't suppose he could say they are worried, but all we can do is await developments. thecomments re FSP are not particularly encouraging, but if DBay do start accumulating again we may have a different take. just my opinion.
They’re also not concerned about DBAY buying up a large percentage in a short timeframe. They don’t believe they’re here to pursue a hostile takeover.
Tim answered my question on FSP - offers were from PE companies wanting to break things up and/or deemed not suitable. A lot of interest at start of FSP, two companies remained interested at the end of FSP. He did say that the offers were when share price was low (30p) and wasn’t at a level suitable for shareholder value - however not much progress in that front since!
certainly agree that the identity of the new NEDs when known will be very interesting.
I watched the presentation and it was transparent. I guess big investors want to see proof before moving in to PHD and most of us here already have enough invested.
Not sure if Dbay will make a move to buy the company. Proactis have a strategy and it is working. There isn't that long a time frame in which Dbay can low-ball it. If the strategy works, they'll need to increase their offer. Plus Lombardier hedges the risk as they probably won't sell cheaply.
I'm interested in the NEDs - would be interesting to see who joins the Board.
I've been waiting to see what reaction there ha s been to results and presentations.looks like none. im pleased that the s/p has not fallen a bit as my immediate reaction to the results was a little negative (debt increase mainly) although there was nothing unexpected.for me the implications are that a low ball bid by DBay has become even more likely. will be interesting to see if they start accumulating again and whether they move closer to 20%, at which point i think it will be game on.
0.1% of 10Bn spend is 10M and at 2.4% its 240K.
Its hard to imagine 1% going through bePayd but not impossible.
The slides are useful so I screen captured them and it does say 50 with 10Bn spend but the real question is what % of the spend could, should or would go through bePayd.
BePayd info is on the 4 min presentation slides.
From the Finncap library; Finncap Target 80p reiterated with a long run target of 180p applying reasonable peer group multiples to maiden FY22 forecast.
YHAL where did you get the info in bepayd?
Results lacked any new info.. hopefully that's a line under the transition phase and going forward we are into the growth phase with far more positive results... Fingers cross that is the message iis are getting at the moment in their presentation which will obviously differ from ours tomorrow or they wouldn't bother doing two separate versions. Seems a bit unfair but if it gets additional ii investment I'll be happy.
Sorry, correcting.
50 BUYERS, £10Bn SPEND.
My mistake.
I listened to the 4 minute overview and it sounds like they have made ready to help drive growth. Bepayd has 50 commitment with £10M of spend. I'm not sure if that is purchasing £10M or supplying £10M.
Seems entirely consistent with what we already knew unless anyone can spot some surprises. Bepayd seems to be dragging its heels which is boring. Nothing to see here, as you were. Maybe the presentations will have something new to say.
The presentation is really needed and I'm hoping it sets a clear path forward to climb out of this rut. I dont see why there would be a presentation just to tell everyone its not getting any better.
Dbay continuing to keep the price down, I have bought last week, yesterday and today, only small amounts but all 3 were shown as sells!!!!! Even though we have a big seller offloading, there are still buys going through unseen and not effecting the sp. Hopefully after the TU and presentations/webinars on Thursday and Friday, either a Dbay bid and takeover or the sp starts to rise?