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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sec Newgate S.p.a. | SECN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 111.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 111.00 | 111.00 |
| Top Posts |
|---|
Posted at 16/9/2021 20:31 by guildedge So I totally missed this message about your results on 31/08/2021. Like all things the investors get them a day later. I guess they have to be approved by the board first. I did spot them just after 7am before they came out. You do like to do 1 RNS a month. Not sure if that is PR timing or just random.It's kinda ironic UK being a star when for years Porta's whale in the room. was the UK business. Mainly due to Morton's 12% loan costs and Newgate HQ office costs (Which they could not afford). Albeit once you cut out Redleaf/Newington office cost, reduced loan costs to 6% and slashed management costs suddenly there is a glimmer of light. Now with a new office with much cheaper rent that only adds to the UK bottom line. Porta was doing a lot of cost cutting and reorganising just before the merger with SECN. John Foley is no fool and has turned around many companies. Emma Kane is a very strong capable leader. Redleaf was always doing well and she is always campaigning for Cancer and other charities which people like. This was always offset against it's Asian operations which always showed about 1.5m profits. I was once told the Australin business alone could be worth 15m. That was a few years back. With revenue up 10% compared to H1 2020 this bodes well. Maybe carrying forward H2 2020 performance. I am still intrigued on US and China. In 2020 results they were only allocate 20k and 70k in revenue. H1 2021 results they were merged into rest of world. Albeit the US operation was very much a start up. In fact googling it found pretty much no results. Of course with PR you silently get on with things. From what I can remember the UK used to deal with a lot of the US clients including BNY Melon which was mentioned your 2020 report. Same could be true for China with Singapore and HK taking on clients. Overall H1 figures seem to be good which makes H2 exciting as this always seems to be stronger part of the year. Especialy with the new Orca Affairs part of Sec Newgate operations now accouting for 6% of revenue compared to a much lower share before the acqusition. With hopefully office cost savings to follow. Top 30 PR firm. This should gradually go top 20 as it sounds like you are planning more acquisitions in China and the US. Especially with Columbia also doing so well. I seem to be one of the few people actually still following SECN in the UK. I always had a good ear to what was actualy going on but failed to sell before they ran out of money. Nice to know someone reads these posts. Could well be in line for a Trading update in November or Jan if all going as well as you suggest and results show. Maybe I am too positive here. |
Posted at 07/5/2021 20:15 by guildedge Looking around. Someone suggested Paul Scott has told Stockopedia investors to avoid with bargepole? He was not happy with way Porta issued accounting and were effectively bankrupt.Delayed trade on 06/05/2021 for 23k shares at 120p a share. Someone clearly thinks this will head much higher. 125k shares traded over 2 days. Considering how few private investors involved here funds certanly at work. I think things look positive. See what results show. |
Posted at 06/4/2021 17:40 by guildedge Been like this for last few months with Azimut Capital Management SGR SpA seeming to soak up all sold stock from other funds/investors. Pretty sure they are one of the buyers here.There was a scary moment a few weeks back where a sale went through at 62p. At present I think it is the same buyer and seller here. Albeit I can't prove it. Maybe the small buys from directors is because they can't buy any more shares on open market? Otherwise they might? Is this still under valued? Find out maybe in June when results are released? It's a firm that is expanding into a lot of new markets. See if this pays off and if economies of scale can kick in with larger profits. |
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