Still a tiny company, but with big growth forecast in turnover and profits this year.

Proactis specialises in spend-control software.

Website: www.proactis.com

Bought in here recently. Finncap (31/3) target price 115p

Big jump today - tipped somewhere over the weekend?

Midas tip in Mail on Sunday

cheers Partridge.

AIM-listed Proactis Holdings helps companies and public sector organisations to cut costs painlessly. The shares are 83½p and should increase considerably over the next three to five years.

The company, based in Wetherby, West Yorkshire, uses clever software that enables businesses to drive down the cost of goods and services ranging from light bulbs to plastic cups and from electricity to garden maintenance.

The group’s main product centres on e-procurement, where suppliers bid against each other online to work for particular customers. Like an eBay auction in reverse, the winner is generally the supplier offering the lowest price.

Now chief executive Rod Jones and finance director Tim Sykes are introducing software to help suppliers, too.

The duo estimates that Proactis customers have between one and two million suppliers, including hundreds of thousands of small firms. Many of these have been particularly hard hit by the financial crisis, since when banks have reined in their horns and firms have struggled to borrow money.

Proactis has developed a system enabling suppliers to be paid early in return for a small discount on the amount they are owed.

Proactis’s financial year ended on Friday and a trading statement should be out this week or next with the full results due in the autumn. Analysts expect a 66 per cent increase in sales to £17million and a more than doubling of pre-tax profit from £1.1million to £2.9million. Encouragingly, Proactis pays a dividend, expected to rise from 1.1p last year to 1.2p this.

Midas verdict: Proactis is a fast-growing business and the management is determined to make a success of it. At 83½p, the shares should go far. Buy.


Read more: http://www.thisismoney.co.uk/money/investing/article-3182925/SUNDAY-NEWSPAPER-SHARE-TIPS-Proactis-Holdings-Aggreko.html#ixzz3hlNbmILM
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ST of IC today - Furthermore, with a bumper set of full-year results set to be released in a few months time, I can see the shares re-rating in the interim period as investors' cotton onto the organic and acquisitive growth story PROACTIS offers. Trading on a bid-offer spread of 91p to 93p, valuing the company at £36.6m, I rate the Aim-traded shares a strong buy with potentially 25 per cent share price upside on offer to my fair value target price of 117p

Thanks, I wondered what was driving this today and hadn't checked IC

Good luck Greyhound. :-))

N+1 Singer today reaffirms its buy investment rating on PROACTIS Holdings PLC (LON:PHD) and raised its price target to 201p (from 189p).