Member Info for bunco

Indeed skindle! ;-) Agree, expect they dropped another significant chunk today, they know the tide is turning and it's time to get out.

https://shorttracker.co.uk/company/ES0177542018/

Agree, the offer has been made and accepted by the board at 75p, to expect more is perhaps wishful thinking. I sold about 75% of my holding on the announcement but kept 25% in case of an increased offer, but with the breach I'm just more comfortable cashing all my chip and moving on.

There are a couple of things... the offer rather than scheme of arrangement may not make any difference to the shareholders if it all goes through (get 75p a share either way), but it does make a difference to the bidco as they could have to contend with dbay holding 25%+ of the private ( I think the offer route doesn't force all shareholders to sell at the price stated as the scheme of arrangement does, they could keep their shareholding) company and being disruptive to their plans, therefore it may not be such an appealing prospect for them to make the takeover through the means of an offer given the increase by dbay. Secondly, we have no idea from today's RNS as to the severity ( doesn't sound too bad) of the breach, but any breach will have some degree of reputational damage. If it turns out to be more significant then it could have an impact on the deal (unlikely though I agree). I got around 73p for my shares today and average 73.5p for my entire holding which is almost exactly 150% profit, I would be holding on for potentially another 4-5 months for another 2-3% and hoping for an increased offer, which I think isn't that likely anyway. The upside isn't really there.
And just a final point, imagine the impact of this RNS 2-3 months ago, think we would have been down a chunk, for me safer to cash profits and move on. This is just the explanation you asked for and is all just my opinion based on my circumstances. Good luck, hope the increased offer comes good.

Was continuing to hold about 60k shares in case an increased offer arrived, but the news just released was enough for me to cash out, increased the risk a little too much vs likelihood of improved offer... Could play into dbays hands as pi sell off last of their shares. Happy to be out and moving on. Good luck to anyone staying in!

Trying to think through the logic of dbay buying and I suppose the most logical explanation is that dbay can now force Pollen street to increase their offer. If dbay alone can rejected the current 75p offer, then if Pollen street still want proactis then an increased offer can be expected. It might be that simple, dbay will make a nice profit on their 75p buys, but an very significant profit on the other 17% they had before. On this basis I'm holding to see how it plays.

Could get interesting!!

I have let a few shares go over past few months but still got 200k+ so after over 2 years invested a nice pay day has arrived... My original hopes we're much higher, but given the recent flatline and impact of covid I'm happy with the price agreed. Hope this price works for everyone else who has help long term.

Not sure what to make of the updates. Drop in tcv and revenue, not huge given covid, but increase in debt is still an issue. Tim seemed to suggest there was 2m of tcv deferred due to covid-19 in the box interview. So could/should have been around 9m. But shoulda coulda is worth little, he suggested after lockdown lifts they expect to be able to push the tcv up significantly... Time will tell. Good to see the signing of public sector to bpayd hopefully others in this space will follow although Tim seems like he wants to use the current bpayd contracts to iron out the wrinkles before pushing the expansion... Slow progress!

What to make of this?

https://www.proactis.com/uk/company/news/2021/february/proactis-positioned-worldwide-major-player-idc/

The rns today is no doubt good news as its referring to a new signing, but as a PI (with the level of info available to us) it's difficult to understand exactly what is being said and how this signing differs from the likes of the Lids signing which was confirmed back in september 2020. https://www.proactis.com/uk/company/news/2020/september/lids-inc-partners-with-proactis-to-improve-its-so/
Is it that the new strategy hadn't been implemented in the US back in september when Lids signed? I thought it had, but again a little unclear. I would have thought the PR company would have been responsible for ensuring the news releases make sense to your average punter.

https://www.proactis.com/uk/company/news/2021/february/proactis-named-unit4-isv-partner-of-the-year/

The volume pushing this down is crazy. 2 x 100k plus buys earlier in the week did nothing to lift price, yet a few k here and there has pushed this down 10-15%. Clear manipulation to grab last batch of cheap shares ahead of results I think... Also the usual naysayers were out this week on the other board... Which is a good sign! :-) All just my option however.

Agree, good sign!

It used to always say 'coming soon' next to the accelerated payment facility section on the US version of the proactis website. However, I notice that this has now been removed and they are giving demos and offerings the service to the US market!

https://www.proactis.com/uk/company/news/2020/december/university-sussex-revolutionise-invoice-processing/

Just thinking about what will drive the share price up over the coming months and the following areas come to mind. 1) News on additional board member 2) additional new signings to bepayd, 3) half year results (showing further improvement in ARR) 4) selling off of none core element of business and associated funds raised from such a sale and savings of more streamlined business model 5) debt reduction through increased profitability and any none core sell off, 6) reinstatement of divided. There are no doubt more such as further new product development, improved partnerships etc, but the above 6 I expect to see have a positive impact in 2021.

Think some picked up on this from a different source a week or so back, but update now on the proactis news page.

https://www.proactis.com/uk/company/news/2020/december/iog-touchstoneenergy-proactis-p2p/

He knows we won't be here for long.