Member Info for bunco

On the face of it the drop in price today doesn't look good... But would expect that after a period of calm the activity would pick back up. The MMS are going to take advantage of the period of calm by dropping the price and shaking out those who have lost patients. The 50k buyer is back in town and the MMS are doing what they need to, to feed the buyer the shares. We might be at the beginning of the end, as far as the FSP goes... Hopefully! The company have been pretty quiet apart from the results RNS, so hopefully the focus is now on closing out the FSP.

I agree with the sentiment of the extract you posted. Only in the past few weeks has the share price jumped up to over 10p, so to secure $1.75m at 11.15p isn't bad at all. And if the rumours of the DA placing are true then I assume the $1.75m Tern have raised is to pump into DA to ensure that we keep our majority shareholding. If so, I'm happy with the slight dilution to ensure that we maintain a position of control in DA which in these circumstances would have some significant funding to catapult it to the next level. Time will tell.

Solid results in line with expectations. We usually get some sort of detail on how things have gone in the past 3 months since year end, but no specifics this time... I mean there is not really anything in this update that wasn't in the previous update. Feels like they are being very tight lipped at the moment. Also confused as to why there was no formal announcement of the APF, or did I miss it? The FSP will be a distraction to the board, management and organizational as a whole, if you're working for proactis you'll be wondering what's happening and how it might affect you. I think they will look to bring it to a conclusion soon, they have worked hard to put a new structure and plan in place, they won't want the wind taken out their sails by the FSP. I expect a conclusion within a month... Just my guess though.

Yes agree, if you want excitement then head down the bookies... But excitement is usually short lived. Making money is pretty boring! Was it may 2018 or 2019 you bought in? Cause we've had almost a 100% increase since may 2019!

Something a little odd... So all the activity we had to take us back to the 60p mark on Monday was not from any of the existing iis or else we would have had the RNS to confirm. Nor did it put any investor over the 1%. Can't see that all that activity was just pi's as it looked very coordinated, especially when you consider the complete lack of activity since... Is mm sp manipulation the most likely explanation? Defo something afoot.

https://www.proactis.com/uk/company/news/2019/october/proactis-strengthens-its-customer-success-strategy/

Sorry should say buy not bit!

Would have been a bit as the price jumped up, so reported as a sell. Price monitoring notice... Fun times ahead I hope!

Just got the email update through from bepayd, system is now live. Great news!

Hopefully an offer in the pipe. Can't see iis accepting a low ball.

I guess it's important because it is proving that the new strategy to target and attract businesses of this size, with an offering which mirrors that offered in the the more successful region of the UK and Netherlands, is beginning to work. They can't put into the public domain details of the deal as the package/agreement for each business is unique from what I understand, this isn't a set price product, it about working with the new business to understand their requirements and usage and build a package and cost model to suit. Publishing details of the deal may lead others to question if they are getting as good a deal, when they would only know the figures presented and not the details of what exactly services and products are being used and on what scale... Anyway that's my guess at why no figures and on that basis I'm happy with the details provided. I guess we should see the positive impact on the next set of figures, think end of October we should see some sort of indication of performance since 1st August.

Received another update today on the progress with the bepayd product... looking set for an early October launch, my feeling is this is going to be big... only my opinion though.

Well, another sprint complete. For those that have just signed up for updates, “sprints” are what we call each fortnightly development period. And again, the bePayd team have truly delivered.



In the last update we said that we were putting finishing touches to our Admin Portal, (“the Engine Room”) to make everything work as efficiently as possible for us, so the process for bePayd community will be as slick as possible. This is complete, with some neat functionality added to allow us to monitor performance. So, we can now spot and fix problems before they impact users, but also identify areas we can enhance even further.



In the current sprint, we are finalising some of the reporting functionality and closing off some “snags”. That said, the “snags” are simply “look and feel” as opposed to functionality, which is all complete and working. Therefore, we are in a great place, and can’t wait for people to see and use what we believe is truly brilliant and will be market leading facility from the get-go. bePayd will certainly allow businesses (buyers and suppliers) to get on with what they love, by us taking away things that they’ve told us that they don’t.



Whilst we have been testing thoroughly throughout our build, bePayd must work as we are expecting at launch. Therefore, we will spend some time over the coming sprint(s) trying to break it. If our guys can’t break it, then we can confidently say it is solid and ready to flip into live.



It’s getting really exciting and we can’t wait to update you further soon.

Well I'm hanging on in here. It's easy to get spooked by the slip in share price since the trading update, but in my eyes the trading update was in line with my expectations. I wasn't expecting to hear in this update that the significant changes made across the company to implementing the new strategy, had resulted in an immediate increase in profit, we all know that's not how it works. I was able to buy into this company at a low 30p average cause they were underperforming, it looks to me like they have taken positive steps to course-correct, but it will take time to come through. Was there an opportunity to cash in a 60p, with hindsight it seems so, but with the FSP I think there is a bigger prize worth holding for. Obviously the longer we hang at the 30-40p range the less the offer(s) may be for. It's too easy to look back and say I could have made some cash there for every movement in the share price. I bought in at what I thought was a very good price and I fully expect to get a better price when I sell. If I was to consider every up and down in the share price as a missed opportunity to make cash I would go mad. Chasing the quick buck is likely to make you broke or crazy... Or both.

I do suspect that the FSP is probably as a result of the ii who have significant holdings putting the pressure on. After we hit 30p they were pretty much locked in and they will want to assess short term options as well as longer term recovery plans.

Think mms will try and get some cheap shares today ahead of the trading update next week. If they can drop the price a bit today some will panic sell on the assumption that the news isn't going to be great. I'm not expecting it to have turned around dramatically in the past few months and the current price reflects that. Based on the last update, our turnover is still in excess of our market cap, the share price still has a fair bit to go until it has recover. However, if the management feel their strategy isn't working as expected they may be tempted to accept an offer. I reckon there will be companies queuing up to take us over at the £1 mark.

Got another nice email update from the bepayd team as they have recently finished another of their 2 week sprints. It's an exciting new product which they are developing very quickly and apparently with excellent feedback from businesses they are working with to develop the product.
Doesn't sound like it will be that long before we get some RNs info on this. Well worth signing up for email updates on the website.

Yeah, totally agree shear. Just reading through all that is on the bepayd website and the Trello website and it does seem like game changing technology. If they can make this technology work it will revolutionise the sector. Bear in mind the team at proactis have obviously been through the business plan in detail with HSBC and convinced them to stump up £20m to facilitate the early payment of invoices. It looks like they aren't too far off launch when you look at what is left to complete. I can see that the recent interest has a lot more to it than just the recent drop in the share price... Could get very interesting!

1.54m shares bought up by micro-entities asset management. PI's are taking a kicking, as a group we're being mugged by the bigger boys... Although I guess those selling still got to press that sell button themselves. Many of the new II's are looking at £1+ to double their money and they probably ain't getting in here for less than a 100% increase.

https://www.proactis.com/uk/company/news/2019/august/new-identity-accelerated-payment-facility-bepayd/

https://www.bepayd.com/

Happiness = reality - expectations. ;-)

We got no idea what is going on behind the scenes really, have they turned around the relatively slight decline reported in the US? Are they deep in discussions re. Takeover? When will we get the next bit of news and will it be good or bad... Who knows. All I know is that at 30p (where I bought in) with a market cap of sub £30m for a company with a turnover of £50m+, it was significantly undervalued. There have been some issues consolidating the business after the acquisitions, but they don't appear to be anywhere near the scale of the drop.