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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 Shares Traded Last Trade
  +0.00p +0.00% 1.25p 0 05:00:01
Bid Price Offer Price High Price Low Price Open Price
1.00p 1.50p 1.25p 1.25p 1.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 40.28 -3.02 -1.40 5.5

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Date Time Title Posts
24/11/201811:37Communications at their best2,028
10/7/201510:49Porta Communications5,595
18/1/201416:20buyers galore24

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Porta Comms. Daily Update: Porta Comms. is listed in the Support Services sector of the London Stock Exchange with ticker PTCM. The last closing price for Porta Comms. was 1.25p.
Porta Comms. has a 4 week average price of 1.05p and a 12 week average price of 1.05p.
The 1 year high share price is 3.75p while the 1 year low share price is currently 1.05p.
There are currently 443,341,441 shares in issue and the average daily traded volume is 13,548 shares. The market capitalisation of Porta Comms. is £5,541,768.01.
oldie52: A slight improvement in the share price but still at a painfully low level. Emma Kane is sitting on a 40% paper loss on the investment she made in May so has alot to do just to get her money back!
guildedge: 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: So gross profit is up 3 million compared to last year. Most of that extra gross profit came from H1. Adjusted ebitda compared to H1 will be higher. Considering they shut down Summit that is not bad. Not sure what write downs and costs will be added for this. It means Australia/Asia region has repeated it's H1 performance which showed 1.5m profit for the region. This is backed up by the 2017 merger/deals report on the Holmes report website which shows huge deals in Asian area for Porta for 2017. Things to note. H1 had 300k banking cost. H2 will have had slightly lower loan costs from August 12%-8%. Also higher ownership of Redleaf and Australian businesses since H2. So the amount of monies going to third parties should be lower in H2. This would not impact gross profits. Based on these numbers even with Summit closing they should still hit circa 38-40m revenue for the year which would be higher than last year. (37.1m) So the business is heading in the right direction with revenues rising. I still expect a loss due to write downs and one offs. I think there is a good business here it just needs cash to pay off debts and buy out Asian businesses. ( Australia/Singapore and HK.) Nice to see the results in April now. Share price being affected by stakeholders in background selling it appears.
speedsgh: I would suspect that the departure of DW will be used as an excuse to kitchen sink as much as possible. If he was really leaving the company in such good shape, surely he would want to announce his departure alongside a stunning set of Final Results? So I will be somewhat surprised if the forthcoming finals actually turn out to be positive. DW was a busted flush imo. The market no longer had any confidence in what he said or did. This has been reflected in the share price for some considerable time. The question remains whether he feels he has extracted as much as he can from the company & is now deserting a sinking ship. Not long for us to find out. How much credence the market places on the company's outlook guidance remains to be seen. Will be happy to be proven wrong. Aimho.
oldie52: Management waiting for a story to tell?? How about telling shareholders how they performed last year!! In the meantime the share price hits record lows. Still as long as DW, Stefan and co still get their huge monthly cheques why should they care
guildedge: Under valued. Remember there is a new board now with Steffan at the helm. So lack of trading statements is clearly a new management decision. Most of the share price move here is based on old news. Yes we know the debt notes need reducing 60-70%. We know they have been writing down their asset values on the accounts and dealing with costs due to TTMV. There has been a lot of sells here from nervous investors. However a lot of buys from BM trust. Also Gary Wyatt whose holdings have not fallen below 5% here. Meaning he had close to 6% of stock before the share issues. He has always done RNS for holdings. The Asian/Middle east businesses together were making over 1.5m profit last year. We know these businesses increased revenue by 11% in H1. The pound has dropped nearly 20% this year. Australia turned over nearly 8m last years. This alone should help revenue for the year rise circa 7-11% or more? The new senior hires all appear to have added new clients to Porta. The senior hires should also help convert new contract wins. Looks like some of their existing businesses are doing well too. Publicasity has made 3-4 new hires this year. Publicasity seem to have gained 4-5 decent clients for 2016/17 including Tesco, Neff/Siemens, Feather and Black and other big retail clients. Plus Newgates clients announced in H1 results. This should easily offset any lost contracts. The rebranding of PPS to Newgate engage has been a global branding. Even the Australian business is now using this branding for public affairs. The move to bring Thirteen under this brand too gives porta a very strong global brand with a lot to offer. A full year loss is very likely given H1 write downs, closed business costs and the borrowed 500k here. How many of these will be one offs? What money is in the bank still? What we have seen from other PR firms is a very strong final quarter. I expect Porta to match that and push that performance into 2017. Especially with overseas investments and an increased stake in these. Also increased stake in redleaf. (Reduced payments to third parties.) I would like to see the share price supported more here but I think the board appear to be waiting till they have a story to tell. I think any debt deal here could see the Sp double to triple in value. As the share price recovers this will give the board options on debt and many other things. Eventually I expect all the directors to pile in here. For now they need to avoid any further share issues.
guildedge: Not really been posting here Oldie. From what I can tell Porta are winning more clients but the trouble is you can never tell how many they might be losing. Last results they suggested client numbers were up. They have announced a fair few client wins this year. Then again they don't always announce them either. Bit of an unknown. The currency exchange is great news for Porta. A huge chunk of Porta's revenue is in Australia, Singapore, Hong Kong and middle east. All of these division were making a profit. 2.2m profit including Redleaf. We know that some of the 1M cost saving are starting to come through. We were told this at the AGM. Porta has hired some big industry hitter lately and these are people who can bring in the big name clients. Have to see where this goes. They need a few months to bed in. A lot of restructuring costs should dissappear. I don't expect a 1.3m D and A charge this time round in 2 weeks time. Plus way debt has been refinanced mean break even could be possible? Maybe a small loss? I honestly don't know as we have had no clean results for a while. My gut is a big seller has maybe just cleared out here. Maybe had 5-6M shares? Fund or PI from 3 years ago. I thought the mystery trade at 9.22am yesterday was a delayed trade. Nothing has shown up to explain this. Also we had the usual seller selling technique on the 14th. They sell between 800-2600 shares. The higher the figure the more they intend to sell. Then they proceed to sell 200-500k of stock using odd number amount of shares. This is the same tactic used by the corporate investor/fund buying up the sold stock. This buyer has bought 5-6+M shares at least so far and has used rounded numbers. Someone has been buying sold stock most of the year. I think there are more than 1 firms buying in. I think after September results they will show their true hands. Same for the directors. My guess is Steffan Williams and other directors will start buying in once the seller has cleared their stake here. They have all mostly held back lately. Steffan has only been here for a year. @ Markie - yes dilution but we gain 15% of a firm that has been making 450k profit a year. If Redleaf move into Porta HQ this will only help increase Porta's bottom line. Of course I would rather we were issuing 13p share. Reassuring we have 424k cash to do half of this. One postive from Redleaf owning 4.7% of Porta is it shows Emma and her partner have not been selling here. Pelliot has previosly suggested they were selling out. Far from it. Still waiting for the debt restructuring. I see no reason why the banks won't lend to Porta. It may also be they use this to bed in new investors. Lots could happen here but the waiting while the share drifts is painful. At present I am ignoring the share price as I can tell once this seller stop share price will recover quickly. This is a credible business turning over 34-35M plus.
guildedge: QS. The problem with CLL is that value is already factored into the share. Actually revenue for CLL was down compared to last year. Guessing they made some cost savings and focused on margins. Although perhaps it was under valued a bit before the results. Yes I got the story from the ES. Yes I understand about value for share holders. Right now 13p looks a lot better than 6.5p. Of course we all look at the 16-17p peak and think I wish that could come back. Management only ever valued the share at 13p. I think The share price is where it is as it has been over sold. True price should be at least 8-9p. Yes HH have been shedding Porta stock over last year. 6m In June 2014- July 2015 period. Have you read Marlborough fund yearly report?? You can follow both the VCT 1 and 2 HH funds too. Both of the VCT funds still appear to have hold Porta. The Marlborough one has sold 6M shares. The same amount that BM bought. So the large trade last year was likely Marlborough and not an ex director. There is no proof who sold 3M shares since Jan. Could be any shareholder. Possibly HH. Neither do we know who was soaking up stock too. PTCM are slow to update the shareholder page. HH has not informed the market either. I am quite comfortable with this stock. I don't share all the negative views here. If revenue comes in at 35M this is 50% more than last year. Of which some comes from PPS, Publicasity, Redleaf and from growth. Revenue is still growing even with closed businesses. I think many here underestimate the performance here and are judging the performance by the share price. Things are not as dire as some make out. If so that is already factored into the share price Albeit still over sold. Unless someone has inside knowledge of what is going on here? Then by all means share. I can only go by what I have researched online.
pelliot: So if the share price returns to the same price it was 5 years ago when the company started trading properly, shareholders are expected to give the same CEO and the rest of his team £1.3m of equity. Will someone please call the institutions and ask their opinions? I agree with Kimboy. What is the board giving back to shareholders given that they have halved the share price - other than a headache!? DW and GG joint salary year ending 2013: £245k share price at 16/03/14 - 14.75p DW and GG joint salary year ending 2014: £500k share price at 16/03/15 - 7.00p DW and GG joint salary year ending 2015: £???? share price at 16/03/16 - 6.38p What will the annual report say to help us fill in the £????. Can't imagine the cost of the whole 7 member board going into 2016? That's what I call creating shareholder value!! So let's give them £millions of shares!
karina: Apologies for a post out the blue and slightly off topic, but I couldn't help but notice some huge similarities between PTCMs recent progess and that (potentially) of Pinnacle (PINN) and have posted the following on Pinns thread - "I was advised recently by someone very wise to take a look at PTCM. Here's a brief run down on them for you. Overall they seemed pretty friendless, lack of news, share price going nowhere for years bar some spiking. Then there was a change of Non Exec Directors towards the end of 2012, who took a very decent shareholding........ Make up your own mind, but compare them to Pinnacle 13/01/2013 PTCM Share price 4p Turnover £1m Loss of £200k in the last full year numbers 14/01/2013 Change of nomad 14/01/2013 A very upbeat trading statement issued, the first for almost 2 years - sounds familiar? 28/02/2013 £4m placing to implement the next phase of its strategy - heard that somewhere before? 28/02/2013 PI's asking "how the f#ck did they manage with their market cap, SP, losses" etc etc - Pinn anyone? 19/03/2013 Hargreaves Hale increase their holding in PTCM to 11.1779% - You may be thinking I am making this up now...... Newgate Threadneedle also look after PTCM........ Now where do PTCM differ from Pinn? Their market cap is now £14.2m on an H1 2012 revenue of £1.69m and loss of £1.15m in the same period. Their share price is now 9.6p with a high in the last 2 months of 13.5p, up from 4p in January Pinnacle appear to be following the same process. In the 2 months since PTCM completed these changes, their share price has risen 240%, with a high of 337% in less than 3 months. Pinns turn next?" Seems very interesting that both companies share the same investor in Hargreaves and the same PR firm and have pretty much mirrored each others corporate activity in recent months. Interested in any thoughts, errors I have made, or just tell me to get lost.....
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