The GM announcement reads that they want to part pay for acquisition through share issue. Probably already have a target in sight and may have started talks. If they get it right this could fly over the next 3-5 years.
Interims read well.
Henderson linked loan note, can see why they took a stake, can't lose.
Likely to be another acquisition, perhaps outside the UK.
India now paying for itself - 'self-sufficient'.
90p target for management to get a decent options package.
Perhaps lightening is not such a good idea even.
PROACTIS Holdings PLC, the specialist Spend Control software provider, is pleased to announce that it has entered into an agreement to acquire the entire issued and to be issued share capital of EGS Group Limited ("EGS") for £2.9 million, payable in cash on completion ("the Acquisition"). The net cash consideration is expected to be approximately £2.2 million as EGS is expected to have approximately £0.7 million of cash at completion.
many positive highlights - see news above for more detail - onward an upward
Expect some news out of US on a healthcare sector win. X-div but news could keep this up or moving ahead even. I think this 1p div is solid for the next 12 months, possibly even with a little growth on top in Jan 15.
Many blocks now in place to help support future results and growth.
The p/e looks high but will be seen to be justified imho.
If it is one entity then they are not far off the 30% to have to make a bid. Could be a large # of potential holders as it's pocket change for many. I wonder if ISIS consulted with PHD to let them know as 26% in the wrong hands can cause problems for management.
I can't remember how long they have to notify but it's a few days at least. They had a few beefs last December on the sp front, strategy etc & expressed it publicly. It went down badly with PHD management although their concerns had some validity. Might just be they have had enough and bailing was in their best interests. Whoever picked-up 26% would have to notify anyway and if it was 2 unrelated buys of 26% each (I doubt it) that is news indeed.
The buyers have some confidence for the future. Certainly PHD have transitioned the model to a more predictable billing/revenue pattern and stabilised the business so if it is ISIS that have bailed it shouldn't be seen as a negative. The shares might even had ended up in the hands of a possibly future acquirer.
I think they are now in a virtuous circle of growth.
Thanks for your response, I had checked the total share % held by ISIS on your previous note and the trades do seem to tie to this. This leaves us with more questions than answers though, I was expecting clarification on this today.
Anyway, as you say, growth and income potential so I'll be joining in tomorrow I expect.
Yes. It looked like about 26% of the company changed hands and a holding RNS is due.
It must have been a big sell with a buyer waiting.
If not then > 50% of the company changed hands.
Either way there should be an RNS.
It does look like ISIS may have cleared out to a new very willing acquirer of their stake. If so then ISIS have obviously lost patience. This may be happening just as the new strategy is really starting to pay. PHD would make a tasty little acquisition to at least 2 big players in this space.
With the divi it looks like growth + income is possible.
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