News blog

Proactis

  • BY: Andrew Hore |
  • POSTED: 13/11/2013 |

Henderson has bought all or most of ISIS’s stake in spend control and e-procurement software provider Proactis. 

Henderson has taken its stake from below 5% to 27.3%, while ISIS has sold all of its 26.3% stake.

In the year to July 2013, Proactis reported doubled profit of £600,000, on revenues that improved from £7.5m to £8m. Recurring revenue is £5.47m and future contracted revenue is £6.2m. finnCap forecasts a profit of £900,000 for 2013-14 and a dividend of 1.1p a share.

At 35p a share, Proactis is valued at £11m. The share price is at its highest level for more than two years. Proactis floated at 43p a share in June 2006.

The shares are trading on 15 times prospective 2013-14 earnings, falling to 11 in 2014-15. The prospective yield is 3.1%.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2013_49.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds