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Another 500k posted late with trade time around 15:30. Huge volume today, price holding... So far!

Ok I take that back as far as the low volume on sells... 2 X 150k shares just gone through. Someone has had enough.

I suspect there's some decent news to come on 9th September or before on BePayd. You don't hold an II webinar on a product without a clear strategy to encourage some investment.

The sell volume has been tiny and matched by buys (the 50k alone) yet 5+% drop in sp. Same old... Until buying volume returns as a result of confidence and excitement in the potential, i guess we're at the mercy of the MMs.

I would say strengthened slightly, they have show that they have been able to execute their strategy even in the most difficult of times. The debt has increased slightly, but there will have been costs as a result of Covid-19 and current revenue is still impact by the poor performance that caused the sharp drop 18 months ago. The important message is that proactis have returned to being a growth company and in this line of business with an SAAS model that's critical. Also, Sykes says that he expects to be able to accelerate growth, not maintain at these levels, but accelerate, so expect to see further improvements. To address the debt, they could either reduce outgoings or increase revenue, increasing revenue may be slower initially to get results, but the results will be far greater in the medium term. Cutting cost they could save a million her and a million there, but won't be able to significantly reduce the debt, this strategy will come good and today's news is a clear sign of green chutes.

That TCV is very impressive! From 22nd may when they hit last year's total of £11.3m they have delivered and additional £3.3m during what has to be one of the toughest times in history for business. Even remaining at this level for the next 12 months next years TCV would be £18m+. This is how to tackle the debt, we can expect the debt to reduce significantly over next 12 months. Given the impact of Covid-19 I believe most businesses would be happy with a slight increase in debt if they were still able to win record levels of new business.

Yeah, sounds like they are getting somewhere. Tough time to drop a new product, even if it is perfectly suited to helping companies in these circumstances. I can understand why there was reluctance to take bepayd on a few months ago, same reason we've had little churn, people tend to freeze and stick with what they know in times of crisis. However as we are now looking to move out of the crisis I think there will be significant uptake as companies look to kick start their business with cashflow being a critical factor in how quickly they can do this.

YHAL - why do you think they have had time on their hands? I can't see that there would be much change in effort for a company like proactis, perhaps less work for the support teams, but I would think management would have an increased work load if anything.

https://www.xdesign.com/blog/in-conversation-with-bepayd/

Noticed this earlier on the proactis US site... https://www.proactis.com/us/solutions/purchase-to-pay/accelerated-payment-facility/

Looks like they plan to launch bepayd in the US soon!

Usual games... The late trade at a price way above the buy price on the open market to save the SP from appearing down for the day.... Read into that what you will, but it's clear manipulation, buying a small amount at a price way above market value to ensure a blue finish.

Maybe in the world of spend management this is punchy! :-)

This is an important set of results that are coming up for Tim and the team. Tim has been at the helm for 18months + now and if he wants to remain there he needs to evidence to shareholders and investors that the ship has been turned around, if he can't show that in these results then I'm not sure shareholders have the patience to wait another 6months.

Some new messaging for spend management... https://www.proactis.com/uk/company/news/2020/august/proactis-announces-new-spend-management-messaging/

https://www.bepayd.com/NewsAndBlogs

Not sure about dbay just seeing value. It's clear they aren't buying on the open market as the share price hasn't moved during most of their buying, nor have we seen any ii notify of a reduction in shares over this period. I can only see that they purchased a significant chunk from one of the previous iis and did so through several companies all holding below 3%, now they are sell across to one dbay entity which is allowing them to control the share price. I would be speculating as to why they have been controlling the share price over the past 2-3 months, whether they are acting alone and for what purpose, but this isn't typical value buying.

I can't see that all these sells over the past 3 months at 35 are iis or pi's loosing confidence, as many of us have held for 18months or more and things are looking much better now than they have at any point in past 18months. Starting to think that dbay have been up to their multiple company trick again. We know that there have been a few iis that have sold out since FSP was cancelled. I reckon dbay may have purchased many of these shares through a number of companies (staying below the 3%) and are now drip-feeding them to the one entity. Reason for this method is to avoid price spike from takeover speculation which would arise from dbay all of a sudden having 15-20% of shares. Remember there were big sells which went through over past few months which didn't appear to all be accounted for, yet now we seem to have sells coming out of nowhere with no price impact. When shares are apparently changing hands with no spread then one explanation would be that they are being transferred between different companies within one group. I expect that over the next 2-3 weeks we'll start to see things play out... In the run up to year end we should see the trade volume improve.

Last night's rns certainly highlights the arranged trades dbay are involved in. They increased by around 400k shares, yet there was only a tiny fraction of that traded as buys on the 9th July. All other trades were at 35p... Is it really legit for someone to be able to buy shares cheaper and in much greater volume than is available on the open market? And also for both the buy and sell side of the transactions to go through at the exact same price?

I have confidence that dbay aren't fools and are here to make cash, which in theory should benefit us all... But it's how much of the pie can they get away with taking on the cheap and at the moment they seem to have means of taking fair chunks... Time will tell!

Couple of new stories added to the news section of the proactis website today... Including the signing of port of Amsterdam... The European team appear to be doing well under the new strategy, just need news of some good signings in the US now.

https://www.proactis.com/uk/company/news/

Yeah, that's why it's so strange... if we were seeing a load of buys and sells mixed in together then it makes sense to us that there are some people selling and some buying and that's normal, but this is very unusual. Over the past couple of months there has been a huge volume gone through as sells at this level without the price dropping below 35p, so as much as there are obviously people wanting to sell, there's clearly a buyer too. So you can ask the question two ways, what do the sellers know that we don't? or what does the buyer know that we don't? In the current climate there are many reasons to sell but there's only ever one reason to buy.

That's an odd one! It's a lot of volume sold with no share price impact, but it's the same theme we've witnessed for a good while now.

Not sure how the BePayd webinar went yesterday, but would hope that anything which gets the word out there is gonna help.

https://www.proactis.com/uk/company/news/2020/july/government-of-gibraltar-proactis-invoice-capture/