Porta Communications Share Discussion Threads

[guildedge] 14/10/2016 18:53

hxxp://www.gorkana.com/2016/10/newgate-advises-sompo-on-endurance-acquisition/

Old news but a £4bn acquisition that is the largest Porta has worked on this year.

[qs99] 14/10/2016 14:33

hopefully new CEO will have a plan! let's see....

[zipstuck] 14/10/2016 14:27

Wonder what BM will do with the loan and how they will cover the £1M interest.

[qs99] 14/10/2016 11:50

And looks like buying and momentum IMO/DYOR is continuing (again I stress whether you are a long term holder or not), this may see 5p today, let's see....gla

[qs99] 14/10/2016 11:00

well, this Gary bloke is piling in by the looks of it and shares being marked sharply higher following RNS this week....may be back at the 5-6p level it was over summer IMO, momentum at least is with it whether you like the long term story or not IMO...DYOR etc...BM being out of the way does help perception IMO. Whether new CEO can make a tangible difference who knows. Need to deliver a decent H2 performance IMO for this to carry on with this momentum.....and that cannot be taken as a given if you look at H1 or indeed past performance....a trading play IMO not an investment at present

[oldie52] 14/10/2016 09:54

Emma Kane must be delighted she sold a load of shares a few weeks ago!!
I can't understand why this news has triggered the price rise. DW is still running the show and SW has moved from MD to CEO. Cue imminent bust up as the power struggle starts and couple this with their long term financier and backer leaving this all sounds more like a sell than buy.

[jefftwo] 14/10/2016 09:31

At long last a turnaround but I am certainly not getting carried awayI have a long way to go in my efforts to break evenMy fault but I've always felt that this stock had potential.My concern was the debt position however I now believe this is under control so we move onPlease BOD no more start ups or stupid advertising company purchasesKnuckle down, build organically,don't upset the Australian arm of your business and then we could hit the dizzy heights of 10p plus very quickly imho

[guildedge] 13/10/2016 23:03

Well he is no longer the Chairman. No one is forcing Porta to borrow from Bob. I don't agree that no one will touch it. Who is to say they are even going to a bank? Porta will have a lot of business contacts and many new investors have been buying in lately. The tide seems to be turning here.

Has anyone seen the broker note from N +1 Singer today. They have reiterated corporate. I always found their ratings frustrating. I assume their is some report to go with this?

Trade wise with those 6m late trade it still leaves nearly 20m or buys this year unaccounted for. I still expect more firms to increase their holdings here.

[markie7] 13/10/2016 21:19

Removing BM does not allow refinancing. The group still owes him several million at high interest rates with a primary charge over the assets. No bank will touch that until the loan notes have gone. More importantly a bank will insist on a primary charge, and why would BM relinquish it?

[guildedge] 13/10/2016 18:06

Gary Wyatt has bought up 6m shares today(?) and not a single mention of this. Is he still buying?

There are 3 late trades from the 11th October worth 2m, 2m and 2.425m. I think this is partly a fund and maybe part Gary Wyatts trades. Could see more late trades tomorrow?

There was nearly 2.25m shares bought today. Someone bought 750k worth. I think this could shoot up to 5-6p quite quickly here. No idea why salpa sold out so cheaply. I think they were shaking the tree here knowing big buyers were waiting in the wings.

I don't think DW has been the problem here. Exclude D and A and the cost for closing an old business and the loss for H1 is about 200k. Factor in exchange rates and this will add 200-300k+ to end of year results. Factor in further cost savings and any refinance to 3-5% and you have a profit come 2017.

I think this share could at least double/triple by Jamuary. Remember the directors appear to be locked out here.

Removing Bob allows Porta to refinace. New CEO also is very positive. Allow time for Steffan to bed in.

I think this is a strong buy and badly under valued.

[speedsgh] 13/10/2016 14:08

Would have been happier to have seen David Wright being cast overboard.

[qs99] 13/10/2016 08:57

too much! Pay drops would be the order of the day IMO to help restore profitability and put variable incentives in place instead....pigs might fly....be interesting to see what happens now though.

[pelliot] 13/10/2016 08:50

Cosmetic nonsense - how much does that board cost? Anyone have a wild guess...

[qs99] 13/10/2016 08:29

well someone just announced a move from 3-5%? DYOR

[qs99] 13/10/2016 07:16

hehe...zip...but usually means something gives soon after as two execs running company doesn't normally work IMO...

[markie7] 13/10/2016 07:11

Deckchairs. Can someone please let me know the difference between Exec Chairman and Chief Exec?

[qs99] 13/10/2016 07:08

interesting moves

[salpara111] 05/10/2016 12:32

Sold my final tranche yesterday for a huge loss but there was absolutely nothing I could cling onto to give me hope in the last set of results.
I am done with AIM stocks, over the last 5 years I have made a net negative return from my AIM holdings while I have increased my FTSE 350 portfolio substantially.
I like the thrill of getting a red hot investment the problem is the number that go catastrophically wrong.

[karm] 05/10/2016 09:03

I see the director are just not interested in purchasing at this price. Shameful really.

[qs99] 04/10/2016 12:01

Board pay is marginal IMO, but would help perception and cash though I agree. needs fundamental margin and cash drive across business IMO...

[go_baby_go] 04/10/2016 11:38

DW on a hugh salary. Bleeding any potential profits. Which would help the bottom line and the share price.

[adamb1978] 04/10/2016 10:51

QS99 - more concerning for shareholders is that PTCM is only a small hiccup away from having to do a massively dilutive equity raising. Debt/EBITDA is far far too high for this sort of business; I'm not a holder any more (thankfully) though would consider again if the CEO left

[qs99] 04/10/2016 08:14

market cap near £10m from advfn above, debt of c.£8m?.....so EV of c.£18m and IMO it may do £1.5-£2m tops EBITDA based on the half year just announced? Maybe it will be back to forecasting material increase next year, does anyone have new broker notes/forecasts? DYOR and IMO but even at this level does it not look over rated? depends on next year I suppose.

[go_baby_go] 04/10/2016 08:12

No RNS notice of directors purchase. So is time to bailout. They obviously don't feel that confident that things will improve at this price.