Broker Comment Proactis*: Contract extension and referral agreement (CORP)Proactis has extended the scope of its landmark $2.2m contract win (25 June 2014) with Fifth Third Bank, a top 15 US regional bank with $139bn in assets. The amendment extends the contract to include the full suite of Proactis eProcurement solutions. Fifth Third will collaborate in development to extend key Proactis eProcurement system capabilities to address specific sector process requirements to identify and manage risk, and meet regulatory requirements, for completion within the current financial year (to July). Following this, the resultant software solution will be jointly marketed to other regional US banks. While forecasts are unchanged, we believe this underpins organic growth in forthcoming years, and represents an extremely positive recommendation for the strength and potential of the Proactis solution with a high-profile customer and significant potential market size. 115p target reiterated.Analyst: Andrew Darley
bank development excellent - [link]
Oryx Looks like Oryx are now < 3% and may be seller capping the price. If so they are something < 1.1M shares and might take a while to clear BUT could have been there since Sept/Oct so somewhat < 1.1M left before they are gone.
Re: IMPORTANT READS - starting to get extra ... This is worth shouting about. Good fro PHD and UK tax payer.
IMPORTANT READS - starting to get extra traction Summarised the important words - please read to get the picture.The pieces are coming together for an avalanche of growth.1) Dec 5th 14 - READ THE LINK BELOW........"leaving Proactis with a promise to plug the business into central government, Mr Maude" - The Gov Paymaster General !! [link] 12th Jan 15 - confirmation the infrastructure is ready for the big time Gov roll-out - [link] 15th Jan 15 - Roll-out starting - BIG imho - "We look forward to expanding this service into other NHS Trusts - [link]
competition in leeds - small buut look interesting - [link]
National Trust - back on message [link]
Re: Losing the plot? Agree. They have done some strong verbals on Activate etc.,., but so far hot air prevails over substance. We won't see anything now until the new year - here's hoping it's early on in 2015 and not at the back end.
Re: Losing the plot? It was saying they had won Father Christmas Toy Factory type garbage.That sort of stuff goes down badly with me.Looking for news on Vendor Financing.Integration of business units into Activate.Cross selling success - there has to be more than the News section of the website imho.Potential bolt-on acquisition to enhance value further - may be a while for that one.There will be management options to grant at 90p+ sp unless that has already happened and I missed it.Always better when a company sticks to its knitting and doesn't try to crack jokes.Never works and just tells the world someone doesn't have enough to do or isn't doing what they are supposed to be doing.
Re: Losing the plot? Tried the link, but according to my system the page cannot be found. What was the gist of the message. Still waiting out on news on 'Activate'....
Losing the plot? When companies start posting rubbish like this on their web-site it could be taken as a sign they are starting to lose the plot.Who had this dumb idea?[link]
Private Equity The multiple is high but I would not be surprised to see these taken out by PE. The price is a drop in the ocean to the likes of Advent that bought UNIT4 and the Danish outfit. Strong $ etc. Unit4 still need PHD and Advent own them and PHD need capital to go global some time.
That new website sucks Like what they do, the way they do it.Shame they have changed the website so much - now it's awful.A terrible shop front.Must be bad for me to want to post that.Higgledy-piggledy, lacking logic, not intuitive.Was better before they changed it so radically.
wigan cc [link]
Example saving to be had end-end [link]