If totalprocure is earning in rupees it won't translate well back to GBP.
Probably small operations currently so not a reasonable earner but cheaper if paid for in GBP.
A mystery to be revealed as to any impact or if it even gets a mention in the results.
I really don't like seeing the sells going through, but the apparent drop in the price is actually just the spread narrowing, and I do not mind that at all. As far as India goes, that is one of the reasons I bought in! Some news, any news, would be welcome. Do you think we will get anything before the prelims next month?
An update on that adventure would be useful. India is slowing rapidly and Proactis changed the branding from a market place type to what now looks like Proactis India with the market place taking a back seat.
I really hope they haven't just burnt the close to £1M (if I remember correctly) on a dumb idea.
Nearly all on the sell side. I wonder if ISIS have decided to trim back and put money where it can get a better return. It smells like someone knows a lot more than we mere punters. They need to pull some decent figures and news out of the hat.
See comments from 21st July 2013 posted on iii when I noticed some movement in the canaries. phd should benefit and applies for expenditures >5k euro by jan 2015. They need to start roll-out soon.
Hope there is an rns due for this. Still under radar. My hope is results are not held back by totalprocure expenditure and mobile app development. Both are good ideas but the market needs to see traction even with increased development expenditure.
With three-quarters of the company held by institutions and directors the spread is wide and the stock pretty illiquid. That can put a lot of people off (it made me think twice). BUT projections are good, and there are signs of progress, Fingers crossed for September, but an RNS or two in the meantime would do us no harm!!!!!
I think it was genuine but it was a dumb thing to tweet and think they thought better of it later and pulled it. Not clever for a share tipper to tweet of a prospective meeting with an AIM CEO.
An update soon enough. I just hope totalprocure will contribute quickly.
ISIS can't be too happy. There is a strategy in place but just no interest in PHD in the wider market and the company needs to prove growth and get the message out. I think it will all come good but I've only held for a couple of years at average 25p. Others are at higher price for longer. A meeting with an editor or two would help.
Between me, you, and many others, good chance of a mention in shares mag soon, written by Steve Frazer. I don't like twitter but stumbled upon a tweet. Proactis CEO met Steve Frazer of Shares Mag this week.
They have no stock. Any serious interest in the shares and it can rise rapidly.
The catalyst will have to be some serious news, or stellar results or buy-out approach.
All are very possible at any moment.
Better to be in than out imho.
I don't see this rising gradually. Can't imagine that happening.
I agree totally with your analysis. The company really seems to be getting into gear again! My only gripe is that the market makers are keeping the spread at a ridiculous level! I keep looking to top up, but seem to be waiting for a drop that is never coming. Even with the greatest optimism for the future, an immediate 25% loss is a bit of a morale sapper!
Agreed CDI. The fundamentals are strong, and there do seem to be implications of something happening. Either we have the same feleing, or we share a kidney infection!! I would happily add, but the current spread is silly!! An immediate 25% loss is simply too unattractive.
My average is sub 30p, about 25p, and was tempted to add today but I hate to part with cash for such a spread. The float is small so this can hit 30p++ quite quickly so I'm not concerned by my average but would like to add at bargain levels, except for that spread.
EV/EBITDA relatively attractive and I reckon a good growth spurt is on the horizon.
Feel it in my waters.
Agreed. This spread is crazy. I sat and waited for weeks to get a semi-decent entry point. There have only been three trades this month, totalling barely 20,000. I suppose the market makers must know what they are doing! Having said that at least we got some news, and it does seem positive.
Possible. I think they may be busy on G-Cloud, Total Procure website update and the recent events and more due. There is news today - I think it could be for FCC Environmental. More than a couple companies describe themselves as per in the Proactis customer description.
TATA must also be demanding some time - I would hope.
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