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Porta Comms. Share Discussion Threads
Showing 10901 to 10925 of 10925 messages
|Last year trading update 3 February and they rushed out their results a mere 3 and a half months later! For a financial PR agency they dont appear to see communicating with shareholders as a priority|
|A trading update is what it saysCan only assume they want to tie this in with something elseI don't think we need to get too nervous.Still plenty of tradingMaybe worth another punt and reduce my average below 14p. Don't all laugh at once!!!!!|
|And still no trading update!!!! What is going on? All is not well on the great ship Porta Comms I think.|
|@ Karm - Since your comment they have hired 2 more senior hires and a new public affairs person. The one announced today bought many clients with her. Seems really positive if they can afford to hire so many more people. Is Newgate starting to gain traction here?
Looks like Newgate may have secured an IPO and part of a 2m pot for the Royal College of London. Redleaf 2 new contracts in last week or so.
RNS today confirms HH still hold all shares here.
Hopefully they can keep this news feed up for 2017.|
|No, I remember that very clearly, yet another reason of many why I don't own this share. Insider dealing is highly illegal. The chairman of Porta at the time of this has now been completely 'cold shouldered' by the FCA, which is an enormously unusual sanction.|
|You forget just over a year ago when one of the directors bought almost a day before the TU. That would not stop them in my opinion pending on the announcement. Pends what they tell the market.|
|There will be an RNS shortly regarding trading for the year. This is price sensitive and will prevent director buys.
They can of course buy afterwards if they wish.|
|Accounting year end is 60 days before the results. Results are normally end of May. So 2 months would start from around March 28th. Pending on results date.
If the directors are locked out here I am sure the senior managers would be too. Similar rules apply. There is no listing on Porta's website of PDMR (persons discharging managerial responsibilities) Did these rules start July 2016?
To put this in context BM bought shares at levels 50% higher than current market prices just after the results. So at 3-4p all the directors should be snapping up stock here. Not much has really changed here. Revenue will still be circa 35-36m this year in my opinion.
Someone snapped up 500k of shares today. People still buying here. Looks to be at least 2 parties exchanging shares still. Hard to know who.|
|Of course they are locked out. It is a December year end and it's a closed period. Re the COO, as a senior manager, all his dealings are disclosable these days. Under the new AIM regulations it isn't just directors who are subject to the disclosure rules.|
|The bottom line is that Morton was happy to take on 12m shares at 4.25p.
He could have extended the loan at 10% interest if he had wished.|
|@ Oldie. Not your best post. Reading the RNS. They ticked the box that says 'An event changing the breakdown of voting rights'. The RNS clearly shows their share holding has not changed in size. If you look back to July when the holding company for their shares changed you will see they still hold all their shares. The RNS is purely due to all the recent share issues.
There are other funds involved with Porta. Just because they don't meet the 3% holding mark does not mean they are not involved. We know Porta issued 40m shares 3 or so years back. Only management will truly know which of these still hold shares. 2-3 smaller funds may have sold out but other investors have mopped up the shares.
I think the directors are probably locked out here or I am sure they would of all been buying here. If Gary Wyatt has bought 7m shares he must see something in this firm.
As for the COO Gavin. He is not a director of the firm. He does not have to inform the market when he buys or sells shares. How do you even know what stock he even holds?
|Not sure that FIL have sold anything. The Retro deal on the 27th Jan reduces their shareholding to 4.99%.|
|Big sell down from Fidelity today. For an institution of that size to have bought shares was a big coup. for that same institution to sell down at a third of the price they bought at is massively damning. So you now have a situation where the only institution involved is selling, the CEO holds no shares, the COO holds no shares and the main backers are only there because they get over 12% interest on their cash. Looks like the gravy train is finally running out of steam.|
|My view is they borrowed the extra 500k to pay for the 50% cash for Redleaf deal or that 398k loss from discontinued operations. I don't think they are short of cash. They had 1.7m in bank at H1 results. It was a similar amount a year ago. Most of the losses reported have been from D and A in last 2 years.
Why would staff leave the firm? Porta have been hiring with many new clients announced in H1 accounts and strong growth reported in operations abroad. We have now had 5-6 hires announced in last 10 months. 3 in the Public affairs. Charlie Chichester last June. Plus David Telling in Jan. Not forgetting Gavin Devine last March who is now CEO of Newgate.
|Unless they show a profit at the next results, it won't surprise me if we start to see staff leave. More dilution.|
|Yup, should have tried the same a year ago instead....wasted opportunity, now has no leverage with lenders IMO.....at least the £500k takes the immediate pressure off I presume|
|Only £500k. Imagine the equity base if they convert another £5m. Which is what needs to happen. Absolute case study in how not to do it. Paper fountain|
|Conversion of Retro Grand Debt - HTTP://www.investegate.co.uk/porta-communications--ptcm-/rns/conversion-of-retro-grand-debt/201701270700072583V/
This company becomes more of a laughing stock with every rns released. Today's debt conversion is a further 6% increase in the company share capital. I am mildly surprised that the lender agreed to convert the debt into shares seeing as the shares will at the current rate be worth diddly squat before too long.|
|Nope not very healthy. I wonder if a large trade went through that has not yet appeared. They can take 2-3 days to appear. We saw that when Gary Wyatt bought 7m of stock.
The move does not appear to based on any actual news. Maybe a smaller fund has sold out? That or the drop was purely based on that 263k trade? Would be a bit bizarre as the price was way below selling price at that point. Assuming it was even a sell.
I don't think Redleaf can actually sell the shares they were issued? 0.9 of an ordinary share?? So doubtful it is them.
I think TU could be 1-2 weeks away. My guess is late Jan or early/mid Feb. I don't think January as they may want to include details on January's figures? See what happens.
One big hire announced last week. Hopefully he bought some clients with him. They did mention more senior hires in H1 accounts.|
|well this move down doesn't look very healthy does it? DYOR...any views?|
|Todays RNS comfirms that Bob and Family still hold all their Porta shares.
Secondly they have shifted the shares about probably for tax reasons? For instance the company these shares are moved to are also in his wife's name? Not sure if this was the case before? He was just named as a shareholder.
There does seem to be a shift upwards in price since the low of 3p. Not sure if move today was due to RNS or if someone in background was still stake building.
There is a real shortage of stock here. Any large buys could shift the share up 8-10% in one day. Lots of people are buying in here. I suspect any sold stock will be quickly bought up.
I think trading statement could be 5-6 weeks away. It was 3rd of Feb last year. A strong trading statement could see a big surge in the share price here. Maybe 20%+. A negative one could hamper recent gains. See what happens.|
|...and who knows which way the dial will go....|
|Trading update and debt news IMO will move dial but who knows when they will arrive
|Oh well back to sleep.|
|It looks as though Hawk Investments is closing and assets being distributed to beneficiaries. I think Hawk is registered in the Channel Islands and I presume HMRC is frowning on that sort of wheeze.
There are several similar announcements with other companies.|