Member Info for cureboy

My take on those trades were DBAY selling from one entity and buying with another. The previous day there were quite a few rounded buys of 5/10/15k to push the price up, the sell was immediate when the bid price reached 42.5p. The price jumped to 43.5 and back down to 42.5 in an instant on that first big trade. DBAY are totally in control of the share price movements here. I may be wrong and it was two buys in which case you'd think a TR1 is due. I guess the buy at 43p is still a good sign.

I would have interpreted it as a negotiated transfer of holding, a sell at 48.4 and a buy at 48.5 - however there's no way you could get 48.4 on a sell as the bids been stuck at 47p for a while now surely.

You’re not allowed to mention DBAY. Didn’t you get the memo? Lol

Yes the one at 16:11pm was a buy. In fact a few buys appearing as sells today. I know cos one of them was mine.

Yeah personally can’t see this going much lower, 1 or 2p max. Lombard Odier and DBAY offer the floor with their averages more or less where we are now. Although there’s an obvious knock on effect, it’s mainly going to be hospitality and travel sectors hit over the next few days but I think Covid-19 is already priced into many valuations right now. Everyone knew it was coming, the DAX and FTSE took big hits last two weeks. The difference with this second lockdown is they’re not closing the economy, everything bar hospitality sector remains open. Proactis should be nimble enough to avoid taking much of a hit, which is what they’ve said with lower costs offsetting revenue loss. Spend management is now more relevant than ever there will be opportunities - even more so in public sector. where they’re starting to get big results.

They’re also not concerned about DBAY buying up a large percentage in a short timeframe. They don’t believe they’re here to pursue a hostile takeover.

Tim answered my question on FSP - offers were from PE companies wanting to break things up and/or deemed not suitable. A lot of interest at start of FSP, two companies remained interested at the end of FSP. He did say that the offers were when share price was low (30p) and wasn’t at a level suitable for shareholder value - however not much progress in that front since!

BePayd info is on the 4 min presentation slides.
From the Finncap library; Finncap Target 80p reiterated with a long run target of 180p applying reasonable peer group multiples to maiden FY22 forecast.

Thanks Bunco. You’re right and I expect those figures will grow as they focus on replicating the UK and Netherlands business success across France, Germany and the US. They don’t RNS new customer wins (unless strategically important) but we’ve seen a number of announcements on the website in recent months with regards to new business wins and partnerships which can only be positive. If they can replicate the business across those other territories, and no reason why they can’t now with their go to market, then I expect at least double the current revenue in the medium term.

RNS: New strategic contract win
https://www.londonstockexchange.com/news-article/PHD/strategic-contract-win/14723568

Thanks. Be interested to know how many other companies on the GCloud are offering an early payment service.

Been like this for days/weeks wouldn’t read too much into it. As long as DBAY are accumulating and Proactis are winning contracts (which they are) then no real cause for concern. DBAY may have forced this change, fits in with their previous strategies.

Despite all the work going on behind the scenes with new wins and partnerships, the longer the sp sits here languishing in the 30s, whilst DBAY buy up large percentages the more it points towards a hostile. Some positive RNS’s, Director buys and update on BePayd would help.

More positive news, MRI software partnership

https://www.proactis.com/uk/company/news/2020/september/proactis-strengthens-mri-software-partnership/

Thanks Bunco, had a listen. They sound optimistic about it.

Thanks Bunco, excellent news. They never seem to RNS these but good to know.

Agreed. Let’s hope the BoD have some defence mechanisms up their sleeve. You’d think so after they closed the FSP. Could start with a positive BePayd update, news on early adopters and some major investment following next weeks BePayd investor presentation. DBAY not messing about more big buys today.

Accumulating whilst dragging down the share price. Hostile looks on the cards.

Nice one. Decent sized client in terms of revenue too. Things starting to take off in the US this year it seems.

You’d think so would you. Could be that DBAY are not only controlling the share price with buying and selling between different entities (as they have been for months) but they’re also doing it in a way that limits reporting ie under the 3% threshold. If that’s the case then it’s a typical hostile strategy.