Share Name Share Symbol Market Type Share ISIN Share Description
Porta Comms. LSE:PTCM London Ordinary Share GB00B71C7K21 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.10p 2.00p 2.20p 2.10p 2.10p 2.10p 0 07:31:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 40.3 -3.0 -1.4 - 9.31

Porta Comms. Share Discussion Threads

Showing 11101 to 11124 of 11125 messages
Chat Pages: 445  444  443  442  441  440  439  438  437  436  435  434  Older
DateSubjectAuthorDiscuss
13/6/2018
11:12
This has been a flea ridden DOG of an investment for me!
jaykaytee
13/6/2018
10:52
that is some drop...
qs99
07/6/2018
17:02
hxxps://www.newgatecomms.com/blog/index.php/2018/06/07/newgate-communications-signals-growth-with-new-hires/ 3 new clients and hiring more staff. Plus Blu has also announced a new deal with Publicasity.
guildedge
01/6/2018
07:26
They couldn't announce the failed resolutions announcement until after market closed! Doesn't look like shareholders trust the new management team
oldie52
31/5/2018
16:36
Didn't really learn much from the AGM statement. We know Redleaf is not long for this world. We know they are cost cutting in the UK. It appears joint operations with Sec are going well. I would like to see them share locations to save on costs. Not sure if this is possible without a merger. Overall I think they are holding back on us. SEC in their reports have apparently talked of updating the markett on in due course on how the partnership is going. They do sight in their report as for one reason why profits are up on the year. I would rather they cut out loss making clients than just add costs. Huntsworth has been ditching clients who are not gernerating money. I would anticipate some cost savings from Redleaf/Newgate merger.
guildedge
31/5/2018
07:07
Another warning
markie7
09/5/2018
19:11
Reverted back to 1.23%
guildedge
08/5/2018
18:00
Investor's page has been updated. John Foley now showing as 2.25% of Porta shares. Meaning he has acquired 4-5m more shares? Is this a typo or are we due an RNS tomorrow?
guildedge
07/5/2018
06:34
Can't help but feel that the turning point has been reached, at last.
kimboy2
05/5/2018
18:28
PDF for full years accounts are up. 2112 has gone from 300k ebitda loss to a 300k edbita profit. Newgate Aus From 8.5m gross profit to 15.3m gross profit in 2 years! Almost doubled. 'The result of this has been a significant reduction in the companys fixed cost base, which on an annualised basis, represents a saving of £1.6m.' 'Similarly, a cost review has been undertaken at the Porta company level, which has resulted in the removal of £0.3m of annualised costs, as well as the relocation of Redleaf into Porta£s London premises at 50 Basinghall Street in February 2018, which will save Group rent of £0.2m (annualised).' So that is 2.1m of annualised savings. This should significantly improve 2018 results! See what H1 results bring. What other savings can be made with Redleaf and Newgate merger? 0.5M saving from reduced loan note and a further 0.1m saving from the new banking facilities. Plus talk of the rates on loans eventually being reduced further. Porta is on a strong recovery here. In fact many parts of the business are doing very well. They may have posted a 3m loss before tax but all these cost savings should help cashflow considerably. The write downs and write offs will come to an end soon as they gradually fix the UK operation. The 3m also included a lot of costs relating to these restructuring. I think a cash profit in H2 or 2019 is very possible here. More director buys to follow. In my view just a question of time if things are going well.
guildedge
01/5/2018
16:37
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.
guildedge
01/5/2018
11:36
Always follow in after a reasonable CEO purchase, she must of heard I have been accumulating 😁
ny boy
01/5/2018
11:19
Hope to see some smart money coming in here.GLA.
geraldus
01/5/2018
11:13
Emma Kane (Joint CEO) has bought 1,538,462 shares at 3.25p = £50k Director Dealing - HTTPS://www.investegate.co.uk/porta-communications--ptcm-/rns/director-dealing/201805011104267406M/
speedsgh
01/5/2018
11:13
Good call Guildedge.
albie two shoes
01/5/2018
11:11
You were spot on Guildedge.RNS out wih EK buying.
geraldus
30/4/2018
21:19
I never claimed it was a quote from the results. Just the way I worded it from memory. Perhaps a quote would of helped those reading on here. Savings wise. This is a people business. So this means cutting back on staffing or buildings. We know they reduced 6-7+ senior hires and reduced 10+ other staff. 'Wages and salaries above includes redundancy costs of £344,429 (2016: £247,329).' 'Wages and salaries above includes redundancy costs of £223,601 (2016: £732).' PPS savings would of been part of the Newgate UK restructuring. The impression I got is when Redleaf and Newgate fully merge perhaps other posts could go. Redleaf moved into the HQ in March 18. Let's see what EK does as she has only just taken over. They will likely cut out any duplications. Another reason Gavin Devine left as EK was chosen to take on that role. One of the reasons they did not replace him. Regarding taxes to explain this a bit. They deferred 587,312 tax from 2016. So they took a £341214 credit last year. So this now appears in the 2017 accounts. I assume that is how this works. I suspect last years losses would of been much higher otherwise. This actually makes these results look better when you consider where these figures come from last year. So 587k from previous years tax. 300k from banking facility. 600k one off restructure. That's 1.5m in likely one offs. The write downs will also likely be one offs as Porta tidy up the UK operations. They have over 10m of losses that they will be looking to offset against tax. This is a business that is gradually moving towards a profit. When the share price gets high enough I think a merger with SEC could happen or they issue shares to take it over. It's the next step once they have sorted out the UK business.
guildedge
30/4/2018
19:31
Hi Guild You say; They expect 1.9m cost savings once plans are fully done. What the company said was; ...decisions have been taken and implemented to reduce the cost base of the businesses based at the Group's UK head office in 50 Basinghall Street by approximately £1.9m on an ongoing annual basis at current activity levels. They say the actions have already been taken and indeed admin was down about £0.4m in the second half compared to the first. I don't know exactly what they are saving on but presumably some will be on the merging of PPS also I think that Redleaf have just moved into the main office, so that will be further savings. Presumably people are going as well which is why revenue will be down. However £1.9m is a good saving. One other thing that damaged these numbers is the huge increase in the tax charge, which I don't understand.
kimboy2
30/4/2018
18:38
Well the 5.5m loss was higher than I expected. We knew it was at least 2m. We knew they had been downsizing Newgate UK. I was right about 1-2m cost savings. They expect 1.9m cost savings once plans are fully done. Did you notice 500-600k was spent on staff redundancy? (Section 3) Amorisation and depreciation 2.3M Restructure 0.631m Impairments 0.511m. H1 included 0.31m for Clydale. Plus full cost of reduced loans now yet included. They also reduced debt in August by 2-3m. Plus reduced loan note costs. Plus increased ownership of Redleaf. Worth 90k of their profit if it was from start of year. The loss before tax was 2m lower than last year. If you exclude one offs they would of made a profit before tax. I work out about 3.7m one off costs there. With further cost savings to come. Note Porta spent nearly 4m more this year on staff. Was this also to do with staff leaving or being sacked? Unclear. Chatted to a few people about this. The view of my business friend is he think this share could pick up now. He was talking 4-5p. Oh I think we should get an RNS tomorrow for a director buy. 2 large trades today at 20/30k. Unclear why they marked down the share today. Nearly 2m buys here. Very few sells. A friend tried to buy shares today on HL. He could only buy 5k volume of stock. £150 or so? Seems to be a shortage of stock and it would appear directors/Morton/HH are buying up the stock here. Redleaf/Publicasity/2112 and most of the Newgate Asian businesses did very well in 2017. 1.4M profit in Australia. 580k in Redleaf. Not looked for the regional breakdown. Debt is about 8.4m or so. So slightly higher. Overall I think things are improving here. I expect Sp to rise to 4-5p short term. Maybe more long term. As share price gets higher they will start buying larger chunks of Aus.
guildedge
30/4/2018
15:16
I added a few more, I am not expecting fast returns, just a steady rise in the share price for the rest of the year. Just another one to tuck away, did the same recently for (INFA) Looking forward to further news flow from the Company, that all is progressing well.
ny boy
30/4/2018
14:08
Re UK operations ... The Group's other UK businesses [other than Redleaf Communications & 2112] are not yet producing satisfactory levels of financial performance and decisions have been taken and implemented to reduce the cost base of the businesses based at the Group's UK head office in 50 Basinghall Street by approximately £1.9m on an ongoing annual basis at current activity levels. The rebranding of PPS Group as Newgate Engage to offer property and planning expertise within the UK took place during the year and is already producing improved financial performance. In addition, the Group's CFO has led a programme to overhaul and improve the Group's financial and reporting systems so that reporting of key performance indicators and financial information is consistently made across the entire Group. Impairments On 1 January 2017, the trade and assets of 13 Communications Limited were transferred at book value to Newgate Communications Limited ("Newgate UK"). This trade within Newgate UK then ceased as at 31 December 2017 and the relevant employees and clients moved to The Playbook Consulting Limited. The Goodwill of £349,999 relating to 13 Communications Limited has been impaired to nil. The Goodwill relating to Cauldron Consulting Limited ("Cauldron") of £138,228 has been fully impaired in the year. All original staff and clients, which were transferred from Cauldron to Newgate UK in 2014, have now left and no further revenues from this trade are expected. Outlook The first half of 2018 will be a period of further consolidation of the cost base and operating structures of the UK businesses and this will adversely affect revenue and profits during that period. The Board is confident that the Group is now better positioned as a result of actions taken in 2017 which began to address the Group's weakened balance sheet and has identified an appropriate senior management structure at Board level to take the Group forward. The Group is now led by experienced and proven leaders who are actively involved with their senior colleagues in the development of an operational strategy to deliver long term, profitable growth... "One day, Rodders; one day..."
speedsgh
30/4/2018
13:41
I bought here last week before the pop up and the results today, and have added a few more today. Having been a holder way way back, the results today show that the company is bouncing back. The portfolio of companies are an exiting mix and I'm a holder for a brighter future. A2S
albie two shoes
28/4/2018
20:00
I think that is wrong. Look at the original deal. Plus wait for the accounts. It may show both their wages in it. Takeover/merger is always possible. I think many funds could be interested here if the two new CEO can turn this around. Porta is far from down and out. Revenue has been rising for last 3 years. profits abroad have soared. DYOR.
guildedge
27/4/2018
19:58
I do hope you are right Guildedge. However for HH and Morton to sell out they would have to find a buyer and I don't think there is a long queue of institutions keen to pick up their stock. I don't think EK will be cheaper than Steffan and expect she wouldn't have taken the job for anything less than loads of cash. She lost out big time on the Porta paper she took when she sold Redleaf so will want to recoup her losses. Perhaps a question for the AGM
oldie52
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