Porta Communications Share Discussion Threads

[markie7] 27/1/2017 09:20

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

[speedsgh] 27/1/2017 08:37

Conversion of Retro Grand Debt -

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.

[guildedge] 24/1/2017 13:40

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.

[qs99] 23/1/2017 15:50

well this move down doesn't look very healthy does it? DYOR...any views?

[guildedge] 22/12/2016 18:17

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.

[markie7] 22/12/2016 14:28

...and who knows which way the dial will go....

[qs99] 22/12/2016 12:26

Trading update and debt news IMO will move dial but who knows when they will arrive
DYOR

[ironstorm] 22/12/2016 12:08

Oh well back to sleep.

[kimboy2] 22/12/2016 11:32

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.

[jefftwo] 22/12/2016 09:07

It seems that Mortons Mob have bought out the sellers.I may be wrong but trading this morning suggests we are back to some sort of normalityJust up to the company now to put a smile back on our faces

[ironstorm] 22/12/2016 08:52

Wowser. What's going on here?

[dbnout76] 17/12/2016 18:18

This time next year we will be millionaires!

[guildedge] 15/12/2016 19:36

Of course Santa is real!!! How could you ever doubt that? Now having established my credibility here.... I would not be selling any time soon.

There is an obvious shortage of stock here causing large jumps in the share price
Sold stock seems to get bought up immediately. No shortage of buyers at 4.9p either. People in the background are picking up large volumes of Porta stock. No propping up of share price by directors. Why are the directors not buying?? Bizarre.

The debt issue still needs to be resolved. As they gradually increase ownership of the Asian businesses the business will gradually turn to a profit.

PPS announced this news today. hxxp://www.englandrugby.com/news/east-stand-redevelopment-gets-green-light/

We may have to wait for trading update in Feb for any real news. End of December normally means quiet time. Next week is pretty much Christmas.

[jefftwo] 15/12/2016 10:38

I had almost given up hereStill hold 1m plus for what it is worth even nowSomeone obviously knows. Eternal than me so I will bow to their better judgement for the time beingMaybe Santa Claus is real!!!!

[guildedge] 13/12/2016 12:04

Seller kicking in now. 450k of stock sold today! That's nearly 2.1m sold in 2 weeks. Albeit on a rising share price

[qut] 13/12/2016 10:23

Not all doom and gloom here!

[guildedge] 13/12/2016 10:08

Late trade at 9.07am has appeared. 255k buy at 4.75p. This explains the shift in share price This and the 2 62-66k trades of last 2 days would of caused the Sp to rise.

[guildedge] 13/12/2016 10:01

Share spiked when market opened and then shifted higher around 9.07am. Delayed trade on way?? Suprising considering someone sold 250k of stock on Friday. There was a 66k buy yesterday but no way that would of pushed up price today by 8.57%.

A buy at 4.89p around 9.32am has just appeared but only 66k.

I wonder if one of the sellers has cleared out now?? Seems to be a lot of buyers in BG waiting to snap up stock here. Bizarre.

[qs99] 13/12/2016 09:59

very quiet board considering an unusual move North!

[qs99] 13/12/2016 09:33

well that is an unusual tick up

[stav5001] 10/12/2016 10:35

A quick look at the long term chart tells the true story here

[qut] 07/12/2016 22:38

I don't see it's a bad thing for Porta to invest more money in profitable parts of the business

[guildedge] 07/12/2016 17:18

This was all announced in 2015 results. It was voted on at the AGM. Remember Aus and HK were making profits of 1.5m before the pound lost 20%. So this deal could be worth 100k to the bottom line of Porta next year. Add on 70k from the Redleaf deal and your close to at least 170k less going to shareholders of the pod businesses.

[karm] 07/12/2016 10:17

Issuing shares a 4p...wow so much dilution. Locked in for only six month. Don't expect an orderly sale of this stock. More of a dump in 6 months time.

[markie7] 07/12/2016 09:23

Depreciation of assets isn't an optional cost. You don't decide whether or not to do it! It's invalid to add back depreciation