PRO - Prophecy International Holdings

[mitris87]

anyone on this one? i've been holding since 19cents and it looks like it's going to take off

 

[Kauri]

Re: PRO - PROPHECY INTERNATIONAL HOLDINGS LIMITED

anyone on this one? i've been holding since 19cents and it looks like it's going to take off

With an average vol of 20000, best of luck ...

 

[nizar]

Re: PRO - PROPHECY INTERNATIONAL HOLDINGS LIMITED

OMG look at the spread!

 

[Kauri]

Re: PRO - PROPHECY INTERNATIONAL HOLDINGS LIMITED

OMG look at the spread!

I suppose if you had held since 19c you would try anything to lure even one buyer in so you could dump them...

 

[mccollr]

Any thoughts on this stock now. It is a while since anyone posted and it seams that the price has been reasonably steady around the late 50,s

Rod

 

[moo73steve]

Waiting to see the results of the acquisition announced on Friday. Their last acquisition was to buy the company which owned Basis2, which is now their main profit maker.

 

[mccollr]

Thanks for that bit of news. I will have to keep an eye out for the news.
Trading at 65 today is very pleasing.

rod

 

[So_Cynical]

10 years since the last post in this thread, some stocks just get totally over looked, i like software stocks and have watched this for 7 or 8 years, looks cheap now, its a mature business moving to the SAAS model like so many others, a big plus is that 75% of PRO's revenue is not AUD.

 

[Smurf1976]

10 years since the last post in this thread, some stocks just get totally over looked

A thank you for drawing it to attention - there's a lot of value in this forum yes.

Looks interesting and oversold so I'll investigate further.

 

[peter2]

The price has fallen 90% in the past three years. If we were to believe the roadshow presentation, then why aren't other long term investors buying? Daily traded volume is much too low for me to consider it.

 

[Smurf1976]

The price has fallen 90% in the past three years. If we were to believe the roadshow presentation, then why aren't other long term investors buying? Daily traded volume is much too low for me to consider it.

Just drawing to the attention of those with an interest in this stock that the price is up more than 50% over the past two weeks and reached a new high today of 45 cents.

That's an observation only and not a recommendation.

 

[Dona Ferentes]

AGM today. Investor Presentation out. Hasn't really gone anywhere in the last 12 months. USA looks to be the focus (where growth may come from?)

Total revenue up 13.5% YoY
eMite revenue flat YoY amid transition to subscription-based model, promoting ARR growth
Snare revenue up 16%
Legacy revenue flat
Strong start to FY21: revenue +14.8% in Q1 FY21 vs Q1 FY20

eMite combines advanced analytics, data correlation, KPI management and threshhold alerting into a single, out-of-the-box browser-based solution
Snare is a cybersecurity software product, through which we provide threat detection, security information and event management (SIEM) and centralised log management

 

[Dona Ferentes]

PRO was under 60c last week but has two legs up, to 75c on Thursday and 23% to 90c today

First up, on Thursday; Prophecy signs US health insurer Humana, the largest SaaS customer in company history .

Prophecy agrees to provide eMite to Humana Inc. (NYSE: HUM) for an initial term of 3 years, with a minimum commitment of AUD$1.784M million in annualised recurring revenue (ARR) and total contract value of AUD$5.518 million over the initial term. eMite ARR now exceeds $10 million.
• With over 48,000 employees, a market capitalisation of over US$50 billion and a contact centre environment manned by 25,000 agents, Humana is one of the biggest health insurance providers in the US market.

And today, closing on highs
Prophecy has achieved strong sales growth YTD in FY22:

• $3.2 million in new eMite sales, a year on year (YoY) increase of more than 800%
• $2.2 million in new Snare sales, a YoY increase of 46%
• eMite and Snare sales in FY22 to date have added $2.9 million to Prophecy's annualised recurring revenue (ARR), which grew 39% in FY21 to $10.7 million at the end of last financial year and now totals $13.6 million.
• Prophecy's invoicing grows by approximately 56% year on year to $5.25 million in Q1 FY22
• eMite and Snare's strong performance expected to continue in FY22

 

[Dona Ferentes]

from nowhere to somewhere. Most cybersecurity stocks are underwater 40% to 50% this year but PRO has doubled and a bit more. from 57c in Oct, now $1.61.

Capital raise in October $7.7m to accelerate growth... . participants would be happy; at $0.81 per share to new and existing sophisticated, professional and institutional investors , mug retail missed out

eMite (Advanced Data Analytics, Visualisations, Correlation, KPI Management and Threshold Alerting) and Snare ( Cyber Threat Detection, Security Information and Event Management (SIEM) and Log Management) seem to be kicking goals.

 

[Dona Ferentes]

from nowhere to somewhere. Most cybersecurity stocks are underwater 40% to 50% this year but PRO has doubled and a bit more. from 57c in Oct, now $1.61.

Unerring ability to call the top (don't hold, so merely an academic exercise), becaus since Dec last year, the direction has mainly been down, bottoming out at 878c in mid June.

There has been a sales update today, and the SP is pushing higher, up 13% to 95c

Growth Highlights
• 41% increase on total new sales of $12.3M (Snare & eMite combined), up from $8.7M in FY21
• 71% increase on Total Group ARR to $18.4M, up from $10.7M in FY21
• Full year invoicing increased to $20.9M – up 54% on YoY ($13.6M)
• Snare new business sales $6.7M up from $5.1M – a 31% increase YoY
• Snare new subscription sales of $1.75M in FY22 from zero in FY21
• eMite sales up 56% YoY to $5.6M from $3.6M in FY21
• Closing cash balance of $13.1M (unaudited) up from $3.1M in FY21, with no debt
• This represents an increase of $2.8M in positive cash flow after $7.2M capital raise (after costs) in October 2021.

Still earnings and RoE are negative

 

[Dona Ferentes]

And has been downhill for quite a while. A contract bumped it from 53c to 64c this week...

PRO has a material new customer win, signing a 3-year, AU$2.5 million contract to provide eMite to the Australian Tax Office.

eMite is Prophecy's SaaS-based Customer Experience and contact (call) centre analytics platform that combines advanced analytics, data collection and correlation, KPI management and threshold alerting into a single, scalable and powerful solution.

 

[Dona Ferentes]

The price has fallen 90% in the past three years.

Still around.

.... and the most recent 3 years:

.
today's update saw some interest

.
but sadly the other recent news didn't live up to its headline:

"Prophecy partners with Devo to deliver enhanced endpoint data ingestion."​

 

[galumay]

Bloody typical! I had been researching & analysing this business this week, considering taking a position. Finished my write up and went to add it to my watchlist on Commsec and saw the Trading update, and price jump! Doh.

Consequently a friend linked me to the CEOs twitter account, that has some serious 's - guy follows and retweets all sorts of very unpleasant types. Doesnt mean he isnt a capable CEO, but its concerning that he is such a fan of reactionary extremism, and happy to publicly promote it.

I was also hoping the other news was a new album, but alas...

 

[galumay]

I ended up taking a position in PRO despite my reservations about some of the CEO's crackpot behaviour as the more I looked at the business, the more my conviction grew. I got in at 60c in late Feb and now they have run up about 40% to 85c!

They did release a positive update in March.

 

[galumay]

Some good news on a red day! PRO with a strong trading update. Up nearly 10% today.