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I would have thought a full merger with SEC is on the cards.
Very interesting times The rumour mill is buzzing with talk of 3/4 and even 5p per share before results. Personally I suggest that anyone buying under 3p will make money Results need to be better Not sure about one offs but we must have had many over the past few years which is not good for confidence Additionally borrowing costs must come down to around 5p. Take note Hawk if you read this blog Everything else can be taken care of by BOD imho
Perhaps Martin Sorrell is joining the board as he seems at a bit of a loose end these days. Wouldn't fancy his salary though.
At long last. I have a positive post. Is something good bublyin
Been a strong day. 35k sold today. 450k bought. 29% move is a big move. I did think at 2p something might happen. I just couldn't figure out why the share would go that low. They are gradually turning this around and the main shareholders are not selling here. Results on 26th or 27th? I think Thursday. Expect a loss but look at the debt figure see if the cash element has moved here. I doubt this is staff buying. You never know!
someone has obviously been talking about this share in the staff canteen.again a few buys and at long last no sells. Just hope the canteen talk proves dividends and the share can start creeping up again. I did say yesterday that anything under 3p was a good buy. Im starting to eat my words!!!!!
Now up 21% today. 3-4p could be very possible here with director buys. 27% spread is crazy!
I think the tree has been shaken and the daily drip feed buys will continue here. Share had to move in a bigger way with so many buys.
I think the scramble was from one seller. With the 1.24m trade the final act of the seller. Now those buying in background are buying back stock cautiously. They have shaken the tree and are gradually buying back shares under 3p before the results. Hawk Investment Holdings Limited , Hales hargeaves have been consistently been buying in the background here. Some of these trades could be PI. In last few days 1.15m shares have been bought. I think this will continue tomorrow till we reach the results where I expect the directors to pile in if there is good news. More paper losses but the background story is also important. How is working with SEC going? Sec did a tu stating 14% growth and many new clients.
The chairman, appointed last year, has a long history of success- from building and selling McLellan for �120m to turning Servoca around and the enormously successful launch of PTSG - it may look mistimed but his purchase of 4.7m shares in Jan at 3.5p suggests a man with confidence that he will make a success of it
I did say a couple of weeks ago that there was a scramble to get out of this stock. Maybe from small trading over the past three days PTCM has bottomed rather than crashed. Hope you can understand my logic. May still be a seller in the background but for example for every 100k sold there is 100k less to buy. Maybe results will give us an unexpected lift. In the meantime I think we could move back to the dizzy hights of 3p fairly quickly imho
"Hopefully directors will buy in after the results" - did you notice that the new chairman bought 4,7 million at the end of January for �170,000 - a fair vote of confidence
Results are due late April. We already know some numbers. The gross profit will be �33m and the adj EBITDA �2.5m. There are two problems with PTCM. Firstly the gross profit keeps increasing but there is very little drop down to the bottom line. This year GP is up �3.2m but adj EBITDA is up just �150k. Too much is being absorbed in admin of varying kinds. Secondly there has been a constant stream of exceptionals - restructuring, impairments etc In the interims they seem to have reduced exceptionals but the gross profit/net profit ratio does not seem to be improving. If we could get something positive in the results that costs were under control then ebitda would multiply and the SP would multiply even more and all would be well with the world. We shall see.
Nexchange has 2x 180k trades circa 1.8p/1.82p. Could be reverse trades. The 100k/50k and 159k trades also look reverse trades. Unclear how many shares the seller has. Hopefully directors will buy in after the results. See what happens.
A 1.274m sell trade appeared for 27th. Almost same time as 637k trade. I wonder if they were reverse trades. That or someone sold 1.9M shares. I think reverse trades.
Very disappointing PTCM There seems to be a scramble to get out of this stock A good broker will match sellers with buyers Not sure they are Ptcm are making less than the McDonald’s take away close to their office
...and just when you thought things couldn't get much worse, another 15% down this morning. Now 1.80 sell, 2.00 buy. Holders doing their brains big time.
To be fair the Newgate UK staff page only shows a fraction of the actual workforce in Porta. I think they employ several hundred people. Looks like Lorna Berry is a new exec. Shre price didn't move yesterday. I think the seller is waiting for HH to buy more shares. Assuming they are not done?
Gotrader, Notice the new appointment. Explains the drop again yesterday. What a dog of a share. Mormons and BOD you should look at yourselves in the mirror
http://www.4-traders.com/PORTA-COMMUNICATIONS-PLC-4005336/company/ Hargreave Hale Ltd. (Venture Capital) 1.42% Meaning at some point they acquired a further 6.49m shares. They still appear to hold their 5.82% of shares too. I check this site daily so this is definately new in last day or so. Also confirms my theory HH were one of the mystery buyers here.
Just spotted this on their twitter. Seems a nice client win for 2 parts of the business. First mention of CAG in a while. https://newgatecommunications.wordpress.com/2018/03/20/newgate-communications-and-capital-access-group-are-appointed-by-su-plc/
I wasn't invested back when it was 30p. I have opinions on why were down to 2.25p from 17p. Lack of funds investing, stakeholders dumping shares once issued and TTMV/Summit going under. That on top of 13% loans and an inability to raise capital to buy up shares of Aus/HK/China/Singapore. Revenue is still rising. Not sure why buyers in background let share drift so low. End of day they can dictate price as sellers don't seem to care about selling price here. Very frustrating.
Go trader. So can you explain the drop from 30p to less than 3p and when and how this will pick up. Whilst Bob Morton and his family have control and charge ridiculous interest rates this share will continue to fall until he can mop up all what is out there.
When was 6-7 senior staff leaving in any way positive? Especially if they took clients with them. I certainly don't work for this firm. I just follow their news feed. I am a private shareholder and that's where my interest is here.
Gotrader Are you employed by PTCM. The price drops and your positive. The price drops again and your positive. Can you see a pattern. What is your agenda. I have never heard anyone so optimistic when this share has fallen continually year on year.