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PTCM Porta Communications Plc

0.449
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Porta Communications Plc LSE:PTCM London Ordinary Share GB00B71C7K21 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.449 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.449 GBX

Porta Communications (PTCM) Latest News

Real-Time news about Porta Communications Plc (London Stock Exchange): 0 recent articles

Porta Communications (PTCM) Discussions and Chat

Porta Communications Forums and Chat

Date Time Title Posts
09/3/202112:41Communications at their best2,046
27/4/201819:48www.impact34.com4
10/7/201511:49Porta Communications5,595
01/1/201521:32PTCM 5.5P A SHARE WHERE ARE GOING NORTH OR SOUTH2,861
18/1/201416:20buyers galore24

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Porta Communications (PTCM) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Porta Communications (PTCM) Top Chat Posts

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Posted at 01/8/2019 10:05 by guildedge
In terms of CAG the cost was not in the price paid but the price paid for their loan facility which cost Porta circa 1m.

SEC spa share price down 38% today. Company is barely worth 5.25m. Morton converted loans are supposedly worth over 5m. Wonder if this would kill the deal?

Sec is getting close to worthless?It was previously a £15m firm. Italian accounting. Hmmm.
Posted at 10/4/2019 13:52 by speedsgh
Final Results -

Notice of General Meeting & Funding Arrangements -

Statement regarding possible all-share merger -
Posted at 13/2/2019 21:59 by guildedge
Agree share price is not good. Someone in background clearly wants out.

I think all the bad news is out there now. CAG and Summit now gone. Brand write downs nearly also done. 400k for Redleaf to follow.

Publicasity has announced another contract win too with Jury Inns. So contracts are being won and costs slashed and dead wood removed.

I think deal on debt will see rates reduced. i think if this firm can turn a profit of 2m a year a debt of 10m will not matter hugely if the rates on the debt are manageable. All indicators suggest business is ahead of budget. That was what their last RNS suggested too. They have anounced at least 5 new hires since then!

Company certainly has a future. It's turning over 40 million and has an Asian business generating 1-2m in profit. As said previous the last 6m showed a positive cashflow on the account.

See what happens here.
Posted at 13/2/2019 13:41 by oldie52
I do admire your patience and optimism Guildedge. After all these years porta has still not made a profit and the share price has NOW slipped below 1p. Valued at £4m FFS
Clearly most investors dont share your optimism nor your views on the ability of Emma Kane and John Foley.How you can believe this company has any future at all is beyond me.
Posted at 13/2/2019 12:39 by qs99
You miss the bit about what "deal on debt" would actually mean at this share price level? care to comment on that? would be interested to get your view. Ta
Posted at 28/1/2019 12:44 by oldie52
As the share price sinks ever lower not a word from this "leading" communications group!
Posted at 02/8/2018 17:30 by guildedge
Looked a good trading update.
Adjusted ebitda last year in H1 was £1.16M. Less 15%=£1M. So how much are the other costs related to these cost savings?

Debt is a big worry. They paid another 400-500k for Redleaf and any costs from restructuring will be added to the debt? How much has current debt gone up? 1-2m?


On Plus side they are not making so many payouts to third party investors. 20% of 600k profits is almost £120k on Redleaf alone. Gradually they are reducing payouts to third parties. I think loan costs will come down too soon. Maybe 4-6%? End of Day Morton wants his money back and he wonn't do that at 2p.

We might also see a reduction in D and A soon.

I think H2 could be very strong if we expect 1.45m of savings to be added back to the bottom line. (Half of 2.9m.)

We know revenue will be lower but by how much? I would suggest the Asain businesses are still doing well. Especially with new offices in China.

So what are 1m of non performing costs? Likely job losses! Would need to be quite a few to save 1m. A lot of those senior staff hired last year or so would not of been cheap. It looks like most have now gone. (Charlie Chichester is still there.) Including Steffan Williams. Which could be part of that 1m saving.

Share trades today. I still think the bulk of them are large shareholders trading shares. It's the way they have held the share price at 1.7-2p. Directors won't buy till this has been cleared up. I doubt the 2 CEO will buy now they both have millions of shares.

See where this goes. I like fact results have moved forward here to early September. Could see full results gradually shift to end of March.
Posted at 31/7/2018 17:51 by guildedge
Briefly went above 2p. Someone cleared about 500k of stock near close of play. I think this will continue as share price recovers as the seller gradually clears out. Could be a private seller. Hard to know.

About 650k buys today vs 500k sells. Most of trades at start seemed to be buys due to price.
Posted at 27/7/2018 21:46 by guildedge
Newgate advising on an US$1.63 billion share issue in China.


I think share will creep back over 2p next week. These sell off work in stages. The seller clears large chunks of the shares lowering price rapidly. The buyer in background then gradually buys back stock. Seen 2 buys this week of 440k or so. Think more buys will arrive next week. A friend thinks the large 793k? trade was their final sell. Always someone trying to sell here.

Crucially they will want to raise share price before any new share issues are made.

Can't be sure of this new investment from SEC but seem likely given they want to merge/takeover with Newgate. Guess we will know in next few weeks.
Posted at 11/4/2018 18:59 by guildedge
The fall in share price was clearly related to someone who had been clearing their holding. It's possible that has now been done. The large 1.2M trade was clearly a part of this. Could it be linked to the notification of HH new holding? Maybe not.

Few other possibilities here.
1. The results are terrible or below expectation and that is why share price has fallen. I don't think the likely seller would know the results. We know the Asian business is making a huge increase in profit now. Plus a new office in China. Porta said they had a strong second half. We know there will be costs relating to Summit and expansion of China, Aus and Leeds office.
2. The share price dropped to allow a stale investor to exit. The buyer who I expect is Hales Hargreaves was happy to let share price drop to reduce their average here. Been 3-4 reasonable sized buys in last 1-2 days. Can't tell if private or HH/someone else already involved here.
3. The directors wanted share price to drop so they could buy large volumes after the results. They'll want to buy in cheap if they have a turnaround story to tell. Why would John Foley buy 4-5M shares if things are going that badly? Makes no sense.
4. They are happy to see price drift so they can take firm private or SEC can buy out firm cheaply. Pay off debts and make money from selling off the firm. I doubt this as Hales Hargreaves would not buy 6.5M+ shares just for this to happen. share price was up last 2 days.

The results and financial state of Porta have not really got worse compared to last year. Revenue still rising 5-8% a year. SEC clearly see something in Porta to take a 20% stake last August. SEC have also just released a TU showing revenue increasing healthily. They talk of new clients which hopefully Porta is helping with? Let's see what happens here.

Also note lack of RNS about cash calls lately. We have only really had holding RNS lately.
Porta Communications share price data is direct from the London Stock Exchange

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