Share Name Share Symbol Market Type Share ISIN Share Description
Porta Communications Plc LSE:PTCM London Ordinary Share GB00B71C7K21 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.449 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 35.85 -4.10 -0.90 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.449 GBX

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Date Time Title Posts
30/8/201910:06Communications at their best2,045
10/7/201511:49Porta Communications5,595
18/1/201416:20buyers galore24

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Porta Communications Daily Update: Porta Communications Plc is listed in the Support Services sector of the London Stock Exchange with ticker PTCM. The last closing price for Porta Communications was 0.45p.
Porta Communications Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 443,341,441 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Porta Communications Plc is £1,990,603.07.
guildedge: In terms of CAG the cost was not in the price paid but the price paid for their loan facility which cost Porta circa 1m. SEC spa share price down 38% today. Company is barely worth 5.25m. Morton converted loans are supposedly worth over 5m. Wonder if this would kill the deal? Sec is getting close to worthless?It was previously a £15m firm. Italian accounting. Hmmm.
guildedge: Agree share price is not good. Someone in background clearly wants out. I think all the bad news is out there now. CAG and Summit now gone. Brand write downs nearly also done. 400k for Redleaf to follow. Publicasity has announced another contract win too with Jury Inns. So contracts are being won and costs slashed and dead wood removed. I think deal on debt will see rates reduced. i think if this firm can turn a profit of 2m a year a debt of 10m will not matter hugely if the rates on the debt are manageable. All indicators suggest business is ahead of budget. That was what their last RNS suggested too. They have anounced at least 5 new hires since then! Company certainly has a future. It's turning over 40 million and has an Asian business generating 1-2m in profit. As said previous the last 6m showed a positive cashflow on the account. See what happens here.
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 FFS Clearly 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.
qs99: You miss the bit about what "deal on debt" would actually mean at this share price level? care to comment on that? would be interested to get your view. Ta
oldie52: As the share price sinks ever lower not a word from this "leading" communications group!
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.
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.
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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