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A great article by Anthony Persse, proactis financial solutions director. As previously mentioned, these could be extremely exciting times to be a proactis shareholder. Great to get this level of detail on how proactis are working to respond to the immediate needs of the business community and are working hard to push the bepayd solution out across the UK and not just our existing client base. Contact has been made with the UK government to show the benefits of the solution in the current climate and to incorporate its use as part of the governments wider support for UK business.
https://www.google.co.uk/amp/s/www.cityam.com/coronavirus-fleet-of-foot-fintech-firms-will-play-a-part-in-the-recovery/amp/

"Now, we have a financial model that means we can offer our service to businesses at cost; now, we have a technology model that requires zero integration with customers’ systems – in a virtual economy, ‘plug in’ products are the only way to make progress.

These changes required our developers to work around the clock. Both were achieved so that we could reach out to government and offer our support, which we have now done. We can help to unlock as much as £212.8 billion in working capital for UK SMEs, who are desperate for cash. We want to contribute to the national effort to save businesses and livelihoods."

Sorry should have been saying Finn Cap there rather than fin tech. You have to register for an account, it's free though.
https://researchlibrary.finncap.com/User/Login

Couple of key points from the fin tech note today:

- BePayd, the accelerated payment facility for smaller suppliers to large enterprise buyers on the platform, offering exciting upside.
- We look forward to interims scheduled for 29 April with the opportunity to review greater detail in cash flow and net debt, with which management is comfortable – and
for detail of the newly launched, newly branded bePayd.

Looks like we'll be getting bepayd news next week and there appears to be some excitement over at fin tech about it.

The figures provide today show there was £1m of new business contracts signed in March, was £9.4m at end of Feb increasing to £10.4m for end of March. Excellent progress in this environment.

YHAL, I expect the interims will have bepayd news.

Surprised more aren't seeing the potential here. Has there been a better time in history to take a product to market which helps businesses reduce or even eliminate cashflow issues? And if you were a company taking such a product to market right now, what could possibly make it even more likely to succeed... Say already having your existing systems integrated in 2000+ enterprises who have over 2 million suppliers with the ability to let both customers and suppliers access this new service in a matter of minutes... Or having the support of a major financial institution to the tune of £20m... What about both. From the moment Tim took the helm, bepayd has been pushed forward and he might just have struck gold timing wise.

Can't argue with your comments, but that's the game really, will it go up will it go down further, we all do our research and make our decision. I'm my view this is a developing company, it's hit a few bumps, played a few duff hands and been caught by covid like the rest, but it's very well placed to cope with covid and with new strategy for securing new business clearly working and bepayd picking up pace, I think this company is worth way more than £18m. Not trying to persuade, just sharing my thoughts... I've added over 100k shares between 14-19p and will add more as long as it stays here.

I think a picture is beginning to emerge (in my head :-)). The board/management have been working on bepayd for a long time and are clearly aware of the value it holds. I expect this has been a stumbling block during the FPS, with proactis wanting value for something that is close to launch and becoming cash generating and potential buyers not keen to pay for something unproven. I expect this is why the FSP was cut abruptly, as proactis had to get moving with their plan to implement bepayd. Looks like the board/management have had no such issues persuading Lombard of the benefits, although I guess Lombard are picking up cheap shares vs. buying at a premium as would be the case for a takeover. Either way, when you read a little about this from the bepayd and proactis websites, you see that proactis are offering large organizations a return (I guess a percentage of the discount) if they use their own working capital to advance the payments, as well as offering returns for the number of suppliers the large businesses sign up to the service. The obvious benefit to smaller suppliers is cashflow, with immediate payment of invoices (minus a small fee), this will be much much cheaper than the cost of borrowing the equivalent cash over the duration of the payment terms.

I like the fact bepayd supports a model where proactis pay the invoice and wait on the invoice amount being paid to them on the usual payment terms, but also has a model to allow companies to make better use of working capital, meaning no risk while still securing a proportion of the discount. With 1000+ enterprises and 2million suppliers already using proactis I can see why the focus is on rolling out to this all ready captive market.

Good vid here too... https://www.bepayd.com/ForCustomers

https://www.bepayd.com/CoronavirusSupport

Agree, seems that the 10%+ is the main factor and as you say motivation and agenda is not clear. However, from my last screenshot of significant shareholders list, both Lombard (10.56%) and Artemis (10.24%) were above the 10% threshold albeit marginally, and neither was included in the 'not held in public hands' total. Time will tell what the game is here and who's playing it.

The significant shareholder list has been updated on the proactis website. Fidelity and Artemis are gone ( don't think we got a notification from fidelity though?) But what's more interesting to me is the section below which states that 42.5% of the company is not held in public hands... I screenshots every time this pages changes so I know for a fact before the update on thursday this said 14.25%. Is it because the size of the Lombard holding they are now considered a 'substantial shareholder' and therefore need to be included? Or, are Lombard just stake building for someone who is directly associated with the company, which is why it's now included? Is this being taken back private? Management buy out with Lombard facilitating? There's something going on that's for sure.

Yeah strange no corresponding rns for the sell... Also there was a 7m trade around the same time as the 5m which there was no rns for either. Suggests to me that mechanisms are being used to accumulate shares out of sight without declaring... If Lombard have secured an additional 5m shares and it wasn't a direct purchase from another ii, then this really is a positive as it shows that there hasn't been any loss of faith by any other ii, Lombard have simply soaked up all the shares which either pi's or ii's with small holdings have sold due probably to the Corona scare. Means the free float has reduced significantly and therefore the SP will start to react strongly to even small buys. A company like Lombard will have a solid plan, they won't take almost 30% in a company if they don't have an exit plan, a couple of % can be sold off easily on the open, 30% is a different ball game... Either they need an explosion of great news or they have an interested party lines up, I can't see them taking 30% without being sure of one of these options.

Proactis continue to sign new deals during this difficult period!

https://www.proactis.com/uk/company/news/2020/april/eidosmedia-selects-proactis/

Can't see them taking that exposure with a solid plan. They won't be waiting on the company turning itself around in time with that exposure, too risky. They must be accumulating for a bidder surely?

This website awful, but the 2 massive trades at around 3:20pm and 3:50pm seem legit, they appear on the London stock exchange website and are at a price and value that make sense.

Hard to interpret what the deal is at the moment, but certainly seems that this may have contributed to the recent low share price. Now these trades have gone through we're up almost 20% immediately. I expect an rns or two tomorrow to clear this up... Hopefully.

YHAL - you're clearly confused, your points make no sense. But that's on you to work out. Don't assume all investors are as clueless as you are.

I think is clear to anyone looking to invest what the position of the company is... it was doing well, overstretched with a number of acquisitions in a short period, hit with a number of key customers losses which impacted revenue, failed FSP was a bit of a mess, then Corona has left us here. The debt is a bit of an issue, but by no means unmanageable, increasing revenue will help it get paid down and also by the revenue to debt ratio will remove some of the anxiety about the debt itself. Until Corona, revenue was on the increase, obviously Corona will have an impact and it's impossible to estimate at this point, but that's the case across the board and proactis should be reasonably well placed to cope.

That's embarrassing YHAL, either you have no clue what your looking at in the annual report or you're deliberately trying to mislead... Either way it's embarrassing. Farhantihir is correct, the amount payable in 1 year is simply payments due to suppliers, which is more than matched by payments to be receiving from customers.

There is no bank debt/loans due at end of July, your information is inaccurate and misleading!

YHAL - where do you get this info? I have searched the annual report and there is no mention of debt needing to be paid back anytime soon. You listening to hearsay or can you point to exactly where the company has stated this is the case?

https://www.proactis.com/uk/news/proactis-statement-coronavirus/