RE: Next week14 Jul 2019 16:15
They are busy in Germany (google can tell you this). Forget takeover though imo. Too much institutional money in at 165p that needs a return. It looks to me a few smart traders have noted the decline in the pound and started buying for recovery. If hard Brexit then this could prove a very tasty investment. They have stated they earn majority of profits from overseas. They have also stated Brexit will bring in plenty of extra work for them. I agree though, we may have stakebuilding that's inevitable given:
1) It's fell so much after the growth warning
and
2) The plummeting pound.
I suppose I'll side with a potential takeover if volume picks up next few days. Proactis would be an obvious bolt on acquisition for Coupa given the UK side of the business.
Let's not forget this has dropped from 210p to 38p, it is bound to move up big on signs of pick up in the business - which according to recruitment sites is happening around Europe for Proactis. I'll probably buy some more this week if we see decent volume/buying.