Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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This will be 1p by Christmas at this rate. Board not interested in this company. They should all resign
Next Firteen revenue: £171m Profit before tax: £24.2m Margin: 14.1% We can but dream
http://www.gorkana.com/2017/04/newgate-communications-completes-merger-with-pps-group/ Gorkana have now covered this. Overall the rebranding allows them to sell many products under the Newgate brand from PPS and Thirteen. Makes a lot of sense really.
Next Fifteen Communications saw pre-tax profit rise 50 per cent to £24.2m ($30.1m) in the year to 31 January, boosted by growth in the US and higher margins elsewhere, and aided by acquisitions and favourable exchange rates. Chairman Richard Eyre: organic growth, acquisitions and exchange rates helped performance Full-year revenue at UK-listed Next 15 - which owns PR shops Bite, Lexis, Text100 and The Blueshirt Group - rose 32 per cent to £171m ($212.6m) after the group made four acquisitions in the period, including tech PR agency Pinnacle and content marketing business Publitek. Growth was 10 per cent on an organic basis. Underlying earnings (EBITDA) rose 51 per cent to £29m ($36.1m). (Figures exclude factors such as acquisition costs and other charges). Significant clients wins in the period included LinkedIn, GM and KPMG. The company described 2016 as "a period of exceptional progress across the group", adding that it had made a "good start" to the new financial year with "encouraging signs across our brands". Next 15 chairman Richard Eyre said: "The results for the financial year to January 2017 were helped by forex [foreign currency exchange movements], but reflect strong organic growth, judicious and effective acquisitions and continued organisational efficiencies in an entrepreneurial culture. Current trading reassures the board that the outlook for Next 15 continues to be positive." Net debt rose from £6.6m ($8.2m) to £11.4m ($14.2m) in the period, although Next 15 said its balance sheet remained "healthy", citing its debt-to-earnings ratio. Acquistion costs totalled £21.6m ($26.9m). Regional breakdown Revenue in the US rose 28.1 per cent to £107m ($133.1m), with organic growth of 12.6 per cent. Profit margin exceeded 20 per cent, although it was hit by the performance of its newly acquired ad agency Story Worldwide. "M Booth and Beyond US have had impressive performances whilst OutCast, Connections Media and Bite US have continued to deliver solid results," Next 15 said. The company said a "series of operational improvements" led to higher operating margin outside the US. "We have improved the efficiency of a number of our UK businesses whilst acquiring high-growth, high-margin agencies in Publitek, Pinnacle and Twogether." UK revenue grew 52.7 per cent to £42.6m ($53m), with adjusted operating profit more than doubling to £8m ($10m) and adjusted operating margin increasing from 13.6 to 18.9 per cent. Next 15 said there was an "improved trading performance" in EMEA as it continued to focus on "markets of potential scale". Revenue rose 11.5 per cent to £7.2m ($9m) and operating profit increased to £0.6m ($0.8m) at an improved operating margin of nine per
Website has been updated. http://newgatecomms.com/who-we-are Plenty of new names on list now that PPS and Newgate are same group. Mike Ribbeck seems to be latest addition as associate partner in PPS this March. Might get a news story on this at some point? Can't determine if others might be new hires. As ever management are as quiet as a mice in public. Publicasity has just named 2 new employees recently. So maybe Porta is still hiring or replacing lost staff? We could really use some news here to calm investors nerves. Doubt we will get much news over Easter.
Stephen Byfield on Twitter has announced that after 27 years 'today is last day of PPS group'. 'Onwards now with Newgate Communications'. They will wholly operate under the Newgate brand now. This fits in with what happened to Thirteen. Looks like Porta are trying to establish one clear strong brand that can sell multiple products to customers. They are now using a brand Newgate_engage on Twitter. They do a lot of Public afffairs work so this makes sense. Maybe a Newgate digital brand to follow? Hmmmm. I can see Porta retaining Publicasity as a brand. This has been getting a lot of traction with big clients. Where Newgate and PPS have been one team for many months now. What happens to the other brands is unclear now. Looks like changes are happening here but they are not making a big fuss about them in public.
http://ir.endurance.bm/phoenix.zhtml?c=137754&p=irol-newsArticle&ID=2257053 Looks like this acquisition deal is complete. Nice to see both Charlie Chichester and Steffan advising on this deal. Not sure what money Porta made from advising on this deal. Hopefully they will continue to advise this much larger firm now.
https://www.appc.org.uk/register/profile/?company=Newgate%20Communications Useful link. Looks like Newgate has less Public Affairs clients since 2014 when it's main Public Affairs consultants left. Hopefully they are gradually rebuilding this client list given Simon Gentry only arrived in September. They have 9 listed public Affairs staff now.
http://www.prweek.com/article/1428194/brief-ex-hammond-spad-joins-newgate-cow-wins-micro-scooters-mercieca-its-weetabix-energy-briefs-fti I mentioned this a week ago after finding her on their staff list. PR Weekly has just posted the news in brief. DYOR!
Welcome back Riverman. When did you buy back in? Last 2 days have only shown sells. 50k sold on ISDX today. Huntsworth results are out. Due to exchange rates their revenue increased 14.1m. Albeit they have suffered from Grayling closing offices and a huge 30.5 goodwill impairment. Although their overall Gross profits were up to 16m before the big goodwill charge. This could be very good news for Porta. As Porta turned over 8.8m in Asia last year. We know this grew 11% in H1. So H2 could of easily see revenue increase by 450-600K+. With Profits in Asia rising at least 10-15% due to exchange rates and strong revenue growth? Albeit they are still paying out to non controlling interests here. If they can sort out the debt issues here this share will rise. Main downside is the 1.9m loss in H1 due to D and A and the borrow 500k. I do think they are turning things around here. See what happens in 2 and a bit months. I doubt share will fall much further here. Still some buyers in background. Was quite tempted myself too.
I must be mad - but I'm back in. SP is about half of what I sold for but I figure that a)it can't really go any lower b)they've invested considerably in human capital recently. That pays off in PR more than any other sector. c) anyone with overseas ops will have heavily benefited from the post-Brexit exchange rate. d) the last two will contribute to sorting out the Morton debt issue. So back in for a couple of £k, and quite excited.
And yet the price still seems pretty unexciting....even though there has been some good buys in recent time. Does anyone have any views about this share? It has all gone very strangely quiet.
Adastra -Was good to finally meet you and your friend at the AGM last June. Did you read my previous question? df1976 - Everyone on this forum is entitled to an opinion. 100% not the same person as Adastra. His writing style is very different to mine. If your average is 30-40p then you will struggle to get that back short term. As one of my friends told me this weekend. 'Porta has a degree of risk but the reward could be huge if they manage to turn this around'. You only have to look at IQE to see a share that has risen 184% in a few months. Hoping Porta can do the same.
My my - someone's got out of bed the wrong side. I'm quite honestly not prepared to scroll back through my 2500+ posts to prove you incorrect, just to assure you that you are. GoTrader and I actually met for the first time at the last Porta AGM as it was the first one he had attended. We had both posted on Porta but shared both similar and different views on various aspects of the evolution of the company. I was more conversant with the legacy from DW whilst GT is very much into shareholder composition and associated news. We didn't both start posting at anywhere near the same time as I preceded GT by several years. I do accept that there were many posters, including GT and myself who were mystified by the volumes of shares being traded with no notification of change in holdings. That was rectified soon afterwards as the obligations fell on [from memory] Blackrock who had no obligation to notify till a certain level was passed in their FUM. Your assertion that there is 'something not right about either of them' makes me smile as a] it's rubbish and totally unfounded and b] smacks of e-bah-gum which is reminiscent of my Yorkshire roots. I have to ask, if you are 'well under water' with your investment, did you attend any AGM and voice your opinion - I did last year and singularly asked 12 questions which were all answered. I also requested a look around Porta in advance and was shown round by now CEO, Steffan Williams. He ran through a typical client engagement programme which I found very impressive. IMO he is a very strong CEO and I like his new integrated approach to the business. I'm not the only one judging by the stream of excellent hires joining him, none of whom required expensive head-hunting fees! The only thing holding Porta back is the 12% loan interest - clear that and I'm back on board like a whippet. Yes, I too lost money on Porta, but unlike so many bitter investors who return to release their bile back on the company, mine is one of reflection. This is a good company with a darned good CEO [check his history and profile and the fact he took a substantial salary drop to get on board here]. Knock Bob for not letting go the noose but don't knock the more-than-competent management team and staff here.
I seem to remember both Adastra and gotrader appearing on this bb at similar times which was a long time after its inception. At one point I actually thought they were the same person ( who knows they may well be). They both harped on about a distressed seller for a long time and called it wrong on lots of occasions. I don't believe a word of it, there is something not right about either of them. I am well under water with this pile of rubbishy and doubt I will ever see a return on my investment but hey ho you win some you lose some.
What are your questions?
Thanks Adastra for your valued input and also yours Gotrader. I do not pretend to be as knowledgeable as you both are but as you guys I am frustrated with the whole debt scenario. If you are proposing to send an email I would like to provide you some questions that could go into a combined PI email. Please advise.
Thank you Adastra. Are you likely to email someone on board again? Would love to get update on debt and trading update.
Hi mazzgd. Gotrader is an extremely good poster and researches his subject extremely well. How do i know this? Because 1] I have researched and posted on Porta since its inception. My reasons for not being currently invested are well documented as are my reasons for watching closely with a view to re-investing. During that time, one poster [Gotrader] stands out as an excellent source of news and information. He neither ramps to excess nor damps to excess, just tells it as he sees and evaluates it. 2] I have exchanged many, many views on the company and met the guy at the last AGM. His research is excellent, balanced and [as far as i can see] accurate. He has no agenda but shares the same belief that Steffan is the way forward with both approach and new management and the urgent need to rebalance debt interest at a better rate than 12%. keep up the good work GT; I still read your research with interest and we both share the same frustrations on 12% debt!! Once that goes down Porta will rerate. And yes, I do think that their results will be good and vindicate GT's optimism when I too will jump back on board.
Looks like porta have hired a new associate partner Sian Jones. This is on top of the 2 new hires added to website last week. Sian appears to be public affairs related having worked in many areas of government.
Go trader. I hope your right. Would love to see this succeed
I know the 4p ones today and yesterday were buys as I did a test buy. The 3.65p trade was a sell. As was the trade on isdx. Read previous posts on why I am positive here from last 3 to 4 months. I have no agenda. I am just a shareholder like you. I have posted hundreds of posts about Porta. I have a good idea about this firm. They are holding back on us.
Firstly most of yesterday were sells as are today. Not sure why you are so pro PTCM do you have an agenda. Nothing you have said backs up the current market or the boards actions. Come clean what is your agenda. If you have a positive view explain why together with evidence not just idle talk. I would love to agree with your sentiment. Believe me I want PTCM to succeed. By the way I didn't sell anything yesterday
Well all the 4p trades today and yesterday are buys. You sold against the market.
Agreed Gotrader. Not blaming anyone else all my decisions are my decisions. Just frustrated with the lack of transparency. I feel that most companies on AIM are all Del Boy outfits trying to find an angle to get some money from PIs and will tell you anything you want to hear and then once they have what they want they don't want to know you anymore or feel they have a sense of responsibility back to you.