Proactis Holdings (PHD)

Proactis Holdings PHD Logo

The specialist Spend Control solution provider.


Final Results For The 12 Months To End July 2017 – Can easily pick out that Revenue is up by 31% to £25.4m vs £19.4m last time – But this is below the £26m forecast on Stockopedia.

This is a company that likes acquisitions, which I am not a huge fan of. It typically makes for difficult to understand updates (for me anyway), like this one – EBITDA up 49%, Statutory Operating Loss of £2.6m vs £1.9m Profit last time, EPS up 25% to 9p – Which seems ahead of forecasts. This just goes into the “too difficult” for me basket – I will invest in companies whose numbers I can better understand. Also noted, Paul Scott points to a weak balance sheet here.

12-Feb-2018 – 169.1p – £157.0m – PER 12.9

Trading Update For The 6 Months To End January 2018 – In-line.

This remains the “too difficult” for me basket and I will no longer report on it for now.

28-Feb-2019 – 113p – £108m – PER 9

Trading Update For The 6 Months To End January 2018 – EBITDA to be £8m (£8.5m last year) and unlikely to report significant growth for the remainder of the year. Net Debt at £40m.

Was in my “too difficult for me” basket and I said I just noticed I said I would cease coverage here, this time I will.

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