Sunday Long Reads: Planet Hollywood, Autocratic Democracy, Nuclear is another word for gas, Ruth Madoff, Terrible Canadian schools
Jadestone Energy – SapuraOMV Peninsular Malaysia “positive impact”, Maari project delay so where next for the shares?
Having previously concluded sceptically on the valuation of organisational spend management software and services company Proactis (PHD) in November, I note the shares further higher today on trading update and “strategic contract win” announcements. So what’s the latest?...
Organisational spend management software and services company Proactis (PHD) is “pleased to announce” not just a ‘Contract Win’, but a “Strategic Contract Win”. Hmmm, ramptastic?...
I noted yesterday shares in business spend management software and services company Proactis (PHD) bouncing on a “Reset of bank facilities” announcement, though concluded I considered the valuation still more than sufficient at this point and continue to avoid. Today half-year results – and the shares currently more than 6.5% lower towards 27p in response...
A “Reset of bank facilities” announcement from business spend management software and services company Proactis (PHD) – and the shares currently above 25p, approaching 20% higher...
A “COVID-19 Update & Notice of Results” announcement from Proactis (PHD) including that its business - “business spend management solution provider” - “is based primarily on a recurring revenue, long term, SaaS based contract business model which offers robustness and security in periods of short-term uncertainty and a high degree of visibility… the group has continued to trade well”. The shares have currently responded up to above 20p, but are still down from more than 50p early last month, interesting?...
Previously writing on Proactis Holdings (PHD), last month with the shares at 48p I concluded that a shareholding here at this juncture still looks more like gambling than investment to me. Today “Conclusion of Formal Sales Process”…
Spend management software and services company Proactis (PHD) has updated including commencing “the group's announcement on 29 April 2019 outlined a revised strategy that included improving the rates of winning new customers and the retention of existing customers. Since then, the group has restructured its operations and the board is encouraged to be able to report that the group has delivered well against this strategy during the six-month period to 31 January 2020” – and the shares have responded to 48p, 20% higher, though still well down from more than 100p even less than a year ago…
Spend management software and services company Proactis (PHD) has updated including “we are encouraged by the group's performance and especially the level of cash generation in the second half of the year… we expect this level of cash flow performance to continue as the group delivers on the benefits identified during the operational review” and that a formal sales process has seen it having “received a number of expressions of interest”. The shares are though currently slightly lower to 50p – and also comparing to more than 100p as recently as February…
“Proactis Holdings PLC (PHD), the global spend management and B2B eCommerce solution provider, announces that the group expects to report order intake of £5.8m (2018: £5.5m) of total contract value for the 6-month period ended 31 January 2019 and revenue of approximately £27.7m (2018: £26.4m)”. The shares have responded... currently to around 60p – down more than 45%!...
Proactis Holdings (PHD) has updated including “deal intake for the year was strong” and “the pipeline of opportunity remains strong for the longer term”, so why are the shares little above 100p compared to around 190p at the commencement of the company’s year ended 31st July 2018?...
A half-year results announcement from organisational spend management software group PROACTIS Holdings (PHD) includes from CEO Hamp Wall; “The board has dramatically enhanced the scale and financial performance of PROACTIS as well as its medium-term growth opportunity through its successful and focussed M&A strategy… I am delighted to report on the group's substantial progress during the period under review and the significant opportunities it has for the future”. Good, good. You what?, the shares currently down more than 40%, at 110p?!?...
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