Updates

Proactis

June 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares came off after a surprising weaker than expected H1, so not the most auspicious of starts from Hamp Wall, who became CEO following the sale of his business, Perfect Commerce, to Proactis last August.Overall there was a 124% increase in sales to £26.4m. Adjusted EBITDA increased by 180% to £8.4m at a margin of 32% of revenue. Adjusted eps increased 20% to 5.4p. Net debt stands at £29.8m.Perfect, which has made Proactis the sixth largest cloud-based e-procurement company globally, contributed £13.4m to sales and £3.7m to EBITDA. The downside, however, was that the strengthening of the pound (56% of EBITDA is non sterling) resulted in Perfect’s reported sales declining beyond earlie ...

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Proactis - 11.2p forecast for next year drops PE to 9.2 (September 2018)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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