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Well here's hoping it starts moving upward Pete. It's certainly worth a lot more in my opinion. We've had a few false dawn's before in terms of the share price movements so we might still have to sit tight for a while yet. If they can continue the good news flow of late then there can be no doubt this will really get going soon!

It does mention in the end that the entire 6.39% belongs to SEC.

For change of name for GAM, but interestingly they have 1% more than they last reported, so still buying away.

Yip... Dbay are creeping on up the tree! The more held by only a few the more likely a takeover is I'd say. It wouldn't suprise me that as the tide turns the big boys (IIs) come in and take all the shares at a cheap price, sub £1 offer made after they have built a significant stake. Would be a bit frustrating as many pi's have waited a while on this turning around, although tbh around £1 I would take right now and move on.

Yeah, great news, looks like about another £0.5m of new deals signed in the past 3 weeks which is excellent given the situation.

Not showing here but GVC are out. Must say it's a tricky one to interpret at the moment, but doesn't feel to me like their holding has gone to PIs, that's a lot of share for PIs to pick up. I expect an update on a new holder or existing holder increasing... If this was the case and it was Lombard, I think they would hit the limit where they are obliged to make an offer for the rest of the shares? Are the rules that it has to be at the highest price they have paid in last 12months? Pure speculation on my part and I certainly hope this isn't the case, plus I assume that we would get to vote?

Anyway the static price of the past week or so is odd given the volume of trades which have gone through and the fact there has been virtually no movement. Few weeks before 50k buy was boosting us up.

Yeah agree with you both. There are a few key points on the route forward which I would expect to see re-rates from. 1) news showing significant progress on bepayd - number of users and value of transactions, roll out in other regions etc. This may not all come at once but as it does I expect significant changes in the SP. 2) reduction of debt, this may come sooner rather than later if some none essential assets are disposed of, or in the mid-term if being paid down from profits. 3) increase in revenue and EBITDA, through a continuation of the great levels of new business wins in recent months. 4) reinstatement of the dividend. Expect this to have a real impact on sp and if debt is reduced sooner through selling part of the business, we could see this back in place relatively soon.

That's a nice chunky buy Pete. I did all my buying in past month or two to take average to 29p, if it slips back to this level or below I'll take more for sure.

Any detail on the number of new deals or the value?

Just looking to the future and thinking that if we make it through Covid-19 relatively unscathed and can see the recent level of growth kick back in, combined with BePayd picking up, we could potentially be reintroducing a dividend at the point that a lot of other businesses are going to be cancelling their dividend due to Covid-19 impact... That could be very good for the share price.

Yeah agree...at the moment the only people who should be bothered by dbay are the board/senior management. I've seen a good few examples where dbay have invested at this level and the share price has improved well over time... But equally, as in some of the cases you have highlighted YHAL, they have forced change with relatively small holdings. If they remain one of us 'just a shareholder' I'm happy to have them on our side. But if they have bigger plans for their involvement in proactis I might be a little more concerned that we end up with a cheap takeover. Tim had better hope Lombard are on his side and their shares don't find their way over to dbay.

Correction rns released at 17:52. Seems the 1,00,000 (whatever number that is!) Was a sell. Still not clear though.

Not sure I understand that rns... On the investor page it states they hold 4.99%, but the end says 4.01% having bought 100,00?! I guess they may have sold some recently and now buying back? Not sure.

Just getting time to look at the presentation slide deck which is downloadable from the investor section of the website... One but that caught my eye in relation to bepayd - Assessing applicability with Scottish and Westminster governments.... Confirmation that proactis are in discussion with both Scottish and Westminster governments regarding use of bepayd to help businesses in the current crisis.

I'm hoping that today was the final set of results which are impacted by the previous loss of key accounts and poor performance. Fully expect that going forward news will be much more upbeat and will focused on progress as a result of both the efficiencies of the new strategy/org structure and streamlined product offering and the now proven ability of the new strategy to deliver growth. In addition there are the exciting new products being brought to market including BePayd. I had hoped for an update on this today, but I understand why we didn't get one, much better to have a clear separation of the two messages, mixing the confirmation of the already know below par performance of the last 6 months with exciting new on the present and future would only serve to dilute and detract. I do however, expect an update relatively soon.

Would be good to see some director buys coming in over next couple of days as the closed period will be lifted as of tomorrow. Think this would be a very positive sign of the good progress being made behind the scenes. If bepayd is gaining traction and new business levels continue to increase, the directors will be keen to reap the rewards for their efforts.

Get over 30 by close?

I did all my topping up in the last few weeks when we were ridiculously oversold, more than doubled my holding at an average of 18p and have just hit profit again on my entire holding. I have a lot of faith that this company can soon be in a much better position than it ever was when it was previously £2+ a share. There were previously a few bad decisions combined with bad timing and luck, mainly around the perfect acquisition. It's been a bit of a wait while the restructuring has taken place, but now with a clear strategy and target audience aligned with a new organisational structure, we're starting to see the benefits. Throw on top of that the focus on driving forward and launching bepayd, something all small businesses would be desperate for in normal times, nevermind during an unprecedented event which has seen cashflow effectively stopping across the global economy.

Completely agree stew, an unprecedented opportunity has coincided perfectly with the release of the BePayd solution. Smart move to capture the market share ahead of profit at this stage, the rewards of this strategy will be huge in the future.

https://www.itv.com/news/2020-04-27/covid-19-loans-providing-just-2-of-cash-needed-to-cover-unpaid-bills-research/

https://www.finextra.com/pressarticle/82293/proactis-pushes-bepayd-as-answer-to-sme-cash-crisis

A good few news stories out there today on bpayd, think this one gives a good level of detail. Certainly looks like proactis are making every effort to grab this opportunity and it's a huge opportunity, if they can secure the governments backing/support for bepayd to be part of solution to the current crisis then I think we could be in for a significant re-rate. Sacrificing profit during the period of the crisis is a great move to ensure as many businesses as possible sign up and use the service. When we then switch to making profit (which will be small margins per invoice) the numbers should be impressive. When companies experience the benefits of being paid instantly I think it's unlikely many of them will look back to the old ways of waiting 30-50+ days on payment to save a percentage or two.

As for the interims, I think we all expect a reduction in EBITDA for this period due to cost of turning the ship around. Hope they balance this well with bepayd news.