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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Porta Communications Plc | PTCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.449 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.449 | 0.449 |
| Top Posts |
|---|
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 FFSClearly 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 23/11/2018 23:16 by guildedge Still about. Just not much news to report. Most news they do have seems to go on their Twitter account.Or their website. hxxps://www.newgatec Looks like they now only have 3 brands Newgate, 2112 and CAG. Their staff page with Newgate, Redleaf and Publicasity staff has 92 people now. They seem to be hiring with 6-7 new clients lately. Again hard to know which clients have left when the expensive senior hires were kicked out. Most of David Wright's senior hires have now gone. Simon Gentry is still there. Seems to be 2 people/investors in background exchanging shares here. Overall this needs some big news to move northwards. They could well be holding back for now. Last TU seemed to suggest trading ahead of expectations. I expect next one in January. Plus maybe some debt news. Also how partnership with SEC is going. SEC announced a takeover of a firm on 21st November 2018. Looks to be a French firm. This will be costing them 500k a year for 10% chunks. The new firm appears to be making money on turnover of 4m. SEC still not tempted for a Porta takeover yet. Porta need to show they can make money first. Plus SEC last cash call barely raised 1m. Not great. |
Posted at 04/10/2018 12:27 by oldie52 As this gradually sinks into oblivion anyone got any good news to cheer the increasingly poor investor.Guildedge where are you? |
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 01/5/2018 16:37 by guildedge Yeah those 2 trades stood out a garden mile. Not usual pattern for Morton or Hales Hargreaves. Still a seller in background here with likely millions of shares still.Reassured to see Emma Kane buy shares back. Unclear why she sold up before. Investors page has been updated with her holdings. Waiting for the full accounts as these may show updated holdings for major investors. |
Posted at 01/5/2018 11:13 by speedsgh Emma Kane (Joint CEO) has bought 1,538,462 shares at 3.25p = £50kDirector Dealing - |
Posted at 13/4/2018 12:41 by guildedge Not sure about 4-5p. Have to wait and see what results show. We do know that nearly 50-60% of stock is now held by 3 investors. More selling pressure will appear when Asian/Redleaf businesses are given more shares. Nearly at 100% ownership of Redleaf. So all their 500-600k profit will soon go to Porta. I do hope they are finding more cost savings on the UK front. |
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. |
Posted at 11/1/2018 21:35 by guildedge Can't see any value in a TU as stakeholder/funds are still exchanging shares in the background. Lots of test sells this week for 2-3k shares. A TU would not shift the share price unless they had truly amazing news. The stakeholders selling would merely use it to sell more stock. Plus pretty much no private investors trading shares here. 90-99% arranged trades in my view.With Summit being closed down that will not have a good impact on the accounts. Albeit I think it's revenue and staff levels were not huge. It was likely losing money anyway. Newgate Australia sort of made the imapct small as it's profits are soaring based on H1 figures. There are a lot of big investment projects in Australia government ongoing. These are worth 20bn plus in some cases. Porta will be advising on a lot of these. Hence why Newgate Aus revenue and profits have been soaring this year. Albeit only 60% of these profits comes back to Porta. H2 could be really strong in Newgate Australia if the government fees come in strongly. See also how their new office in Australia performs. The question is will the Aus performance offset the UK operations? The cost of the HQ and loan at 8% is still choking Porta's bottom line. That and the cost of the management team. Come Summer they should fully own Redleaf and this is making over 500-650k profit. Albeit another £1m to be paid out for last 20%. They had the option at end of the year to buy 33% of CAG. Unclear if they have done this. Further share issues for Newgate Aus/HK and Singapore too will likely follow. Be crazy not to buy up more of Newgate Aus. If Sec can takeover Porta, reduce costs, find big cost savings by sharing offices with Newington and cutting out management this could edge Porta closer to a profit. See what happens in 2018. |
Posted at 11/12/2017 15:52 by guildedge SEC have had a GM on 17/10/2017 to ask permission to raise 4m within next 5 years and permission to increase board directors from 9 to 11. This is for strategic and capital needs. hxxp://secglobalnetwThey appointed a UK director at end of November. Pretty much same time Newgate appointed Australian director. SEC already have offices in UK and Edinbrugh like Newgate. So cost savings possible here. SEC also have 6m cash equivalents so are not short of money. It would seem strange to me for them to take a 19% stake in Porta without following this through. The timing of director hires here seems very similar. 4m Euros won't pay off Porta's £8m debt but could aquire 25% of Porta's shares. Maybe all these events are not related. The lack of news from Porta makes me suspicious. Maybe SEC are intending to buy another firm? That's not impossible but Porta make a good fit here. Have you also noticed how Porta's share price has not moved in almost a month even with all these sells. My guess is someone is buying up stock in the background. Perhaps a large buy order? SEC now seem a possible buyer for these shares. See what happens in next few months. Last December SEC paid for a Polish PR firm. |
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