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http://www.publicaffairsnews.com/articles/news/newgate-nabs-gentry-mww Looks like Porta was in need of a stronger Public Affairs department. These new hires should bolster that. Hopefully the ones to follow should be just as strong. Likely taken from other firms? It's the way this PR roundabout seems to work.
My gut is this share will surge once fund is clear and directors are free to buy in. In mean time other funds/investors seem to be buying many shares. Nearly 3.5-4m shares bought at these prices. Look at the numbers not the share price. If they can refinance the firm, (Like Adastra seems to think they are working on) then this could quickly sway this company into profit. The debt is currently eating up 1.2m a year. Reduce that by 50-70% and mix in a weaker pound and you have some very good base numbers to give Porta a profit. Once the debt is gone it opens the doors to bigger deals with other firms. Mergers? More acquisitions? Maybe even a dvidend. Then you start to get market traction. See what happens. Good time to buy in my opinion. This is a long term investment.
ok gotrader . few days off for me, so analyzing the carp out of all my share movements. gla
In a nutshell they are now enticing high profile names to join Newgate and the clients are following too. More hires to follow. This could get very interesting if the other new hires bring along their clients. Gavin Devine has suddening kicked into action. This is first real positive news in a while. Second half of year looking very exciting now. They really have a lot of good talent joining here. I wonder if they will do this in a RNS tomorrow? All buys today Mick. As discussed a fund is selling out here. The sell order has not yet been filled is my guess. No wonder people are buying in here.
Newgate further expands its public affairs and corporate communications offering Newgate Communications has added significant additional weight to its public affairs offering through an innovative deal that brings senior talent and a number of additional clients to the team. Three months after the arrival of Gavin Devine as Chief Operating Officer of Porta Communications plc, Newgate’s parent company, the deal sees Simon Gentry transfer from MWW to become a Partner in Newgate. Daniel Costen, who worked with Simon at MWW, has also moved across. Simon’s clients, including StubHub, The MBI Al Jaber Foundation and the ATM Industry Association, have made the transition with him. Gentry said that Newgate’s fully integrated approach, with PA playing a role on many clients, plus the opportunity to work with PRCA Chairman Steffan Williams, as well as leading public affairs and corporate communications adviser Devine, were important factors in his decision to move to Newgate. Gentry commented: “The fit between what clients are asking for in terms of fully integrated communications and Newgate’s approach is perfect, with public affairs staff working in integrated teams alongside specialists in corporate, financial and internal communications, and alongside the local engagement specialists in PPS Group (now part of Newgate). For that reason joining Gavin and Steffan at Newgate was an easy decision to make.” Devine added: “ When I joined Porta one of my first tasks was to build up our existing public affairs offer in Newgate by bringing in the very best talent in the industry. Being able to work with someone of Simon’s quality, experience and reputation is exciting, and we are also delighted that so many excellent clients have joined our roster too. This development is a big step forward for Newgate, and is further proof that our company and our approach to communications is gaining ground in the marketplace.” Further high profile hires will be announced as Newgate expands to meet growing client demand.
know what to make of the action today. seems like manipulation of the share but to what ends i can`t fathom.
Thanks for clarifying. Few buyers chirping in today. At these prices crazy not to.
Hi Gt - it was temporary email for AGM. Lots of horse trading going on here pre-interims and BoD are as tight-lipped as ever. I suspect the recent surge in big buys is being fed by action across the Board. Any sniff of renegotiated loan debt will leverage the bottom line immensely and even level progress post-Brexit will be viewed positively. Continued upswing in Redleaf or Newgate divisions will be unexpected and the volume of Redleaf company Twitter and PPS chatter does look promising in the background. Management costs are the Achilles Heel. Porta have to be squeezing contract wins from the last three appointments who should have brought numerous contacts as baggage. The big plus point is the fact that they were eager to join Porta thus making any considerable head-hunter costs unnecessary. All we need is a nice clean (and simple) set of interims and a solid outlook. The IPO market in particular should have a huge pent-up demand given the Brexit famine now replaced by very encouraging UK forecasts. The lack of acquisitions should now allow the cleanest set of accounts from which to draw conclusions on progress and hopefully show that the mature bought and built strategy has worked. Organic growth and outlook are paramount; I can ignore any increased management cost blip as long as the effect is being seen going into H2.
Adastra - I hope they are working on something here. Do you still use that email you posted? Mick - You will have to make your own mind up here. Don't forget Bob Morton bought in only last May. My gut is any stock you sell will be purchased up by these hovering funds/investors that keep soaking up all sold shares here. Wait and see game for now.
The tight ship here is in now in full lockdown mode. I suspect multiple discussions are under way to repair the current bombed-out shareprice. It was clear at the AGM that the management viewed the price as totally unrepresentative with the probable value of Newgate Australia alone worth this MCap. I think the lack of any pre-interim news is probably linked to intense renegotiation of the crazy legacy 12% loan debt. If I were the BoD I would be asking Bob which is better, a rapidly rising price in his shed load of shares or forsaking half the 12%. If there is no quick fix in place at the interims then it will certainly focus all eyes on performance and remuneration of the Board in which case I would expect interest from Tosca etc. I suspect we are actually being held down by negative sentiment in the IPO market and the effect is far less than is being imagined. The FD has always made much of profits from Newgate Oz being constrained by bad exchange rates........this time he has no excuses. Clean accounts and a KISS approach would repair a huge amount of negativity and actually stimulate the long, long awaited rating that reflects prospects. And believe me......I have been one of the patient ones!!! Bring on a wedge of decent news. We have a shed load of management talent and, reading between the lines, are targeting the big insurers as a newly found forte. All IMO as usual.
more time for trades today . not much doing here which isn`t a bad thing. thought of selling a couple of times for 25% loss but held back in the hope it can turn around. mind you a few of your words have resounded in my thoughts today Gotrader. and i quote , ` hope my view has not become too clouded here ` . i have been guilty of such thinking myself in the past but hope this differs from previous outcomes
Redleaf promote Vanessa Chance to associate director in the company’s professional and financial services team. http://www.redleafpr.com/media-centre/redleaf-news/2016/september/redleaf-promotes-vanessa-chance-to-associate-director/ "Vanessa has made a great contribution to the agency in terms of managing clients and bringing in new business in the time she has been here. Her creativity, energy and excellent selling-in ability have helped us deliver award-winning campaigns for clients and her promotion is well deserved. "Redleaf is growing and winning more business across the whole financial services spectrum and this is largely due to the strength of our team here. We look forward to Vanessa continuing to play an important role supporting our new business initiatives and delivering for our clients.” Sounds positive that Redleaf is growing and they are winning more clients.
No that is why my first thought was a fund selling up. Any other day 2.8M buys would of had this share up 10%+. (Assuming they are all buys.) Same for the 420-520k of stock bought on Friday. No idea who was selling for last 2-3 months but this is something different. Hence why i think a fund has decided to clear out at whatever price they can get. Last time a fund sold out a 4M trade appeared a few days later. If they are under 3% holdings we may not even get an RNS. Let's hope the mystery buyers can take out this seller or this share may drop. Either way sooner or later we will get an RNS here. More likely from the buyers who must be getting closer to 3% now. 900k shares in one day plus 5-6m+ already purchased? Once seller is done the SP will hopefully recover. It's just the way when funds sell out. Remember just over 3 years ago in Feb 2013 Porta issued 40 millions shares to various funds/investors at 10p each. A number of these funds may look at the company now and be considering their positions. Especially with brexit. I think were all waiting here for some positive news from the firm on how project Porta is going to be moved forward and what the end game plan is. The BOD here are old hands at this game. Especially David Wright who has created a company like this before. We just have to trust that their experience and knowledge now is just as good know as it was then. I am sure Steffan and Gavin will be pushing forward their advice too. I am also sure they would not be making 10p/13p share plan if they thought share was going to nose dive to 3-4p. Trying to keep the faith here. I hope my view has not become too clouded here. See what happens. No way I would sell at these prices. I would love to here Adastra's view. He seems to be only one here who actually has any contact with the firm. It was nice to see Capital Access Group are advising IQE today. That share is on the way up. Along with Gorkana who Newgate advise. CAG just need to advise investors to invest here now. An initial broker report from Nsinger may also help support Porta SP here. GLA.
that 11% drop does not come from about from 8 mill shares added into a 270 mill allocation . something is not adding up
Porta issued 8,054,280 shares today. Unclear if this affect SP or not. Still think it was due to a fund given previous unexplained drops last week.
, just wow. Never expected to see this level again. WTF is going on?????. I can`t work out the buys or sells though that is not a first. Spread being manipulated for sure. A half glass full me says triggering losses and she will rise tom. Half empty me says another share hits the dust v soon with my money. As per , time will tell, we will be the last to know either way.
Pan. We know they have issues with debt. We know they plan to refinance from what the CEO said at the AGM. We know they are trying to increase stakes in their Asia businesses to reduce the 900k yearly dividends. Share dilution is a big issue here buying back firms. Porta lacks cash. Moving Redleaf into their HQ could help saving wise. This business needs more economies of scale but I am not sure how this is possible here without some sort of acquisition or merger. (Very unlikely given cash and debt.) Hopefully these new hires will start to bring in the bigger clients. The new hires need a few months to bed in. I am sure Steffan will be hard at work finding new clients. He was very hands on when he popped in at the AGM near the end. For some reason directors don't appear to be buying here. My gut is they are either locked out or letting the new investor/s build up a stake here. Not sure if you get locked out due to 6 month results. I didn't think so. Looking at trades today. LSE suggest 2.33m buys. 900k with the usual trade mark 2000 or so trade. The other 1.3M I am not sure where these came from. It's possible all 2.8m shares are buys and they are merely filling a sell order or covering late trades? Too much going on to be sure what is happening. @ Comeonvog. I am looking at long term picture here. I still have some confidence the board will turn this share around.
I don't know about jam tomorrow with this share because tomorrow never comes. Like Toad 1957, I too can hear the sound of scraping - mine is coming from the bottom of the jar.
feel for you invested here gotrader , its not been much fun. hope ptcm turns at some point. atb
All the signs of a fund starting to sell here. A lot of trades are showing as buys here but I think most could be sells. The 2 trades worth 500k at 11.14 are certainly sells. The 3 trades for 1m shares I am not so sure about. Something is happening in the background here. Maybe large sell orders?? I fear this could just be the start of it. I would not expect mircales on the 29th. Not much has really changed since last year. Revenue is holding firm but the 1m savings are only starting to come through. A loss is pretty much expected here. Smaller the loss the better the news.
If the shares go any lower we'll all hearing the terrible sound of scraping. These guys better have some good news on the 29th or its armageddon.
First RNS to confirm 3.4% of Emma Kane. (We already knew this.) I guess we will get 2nd RNS for her Partner? Results will be out on 29th Spetember.
a peak earlier and saw the drop. chart is looking bad , resistance levels severely stretched , and yet i continue to have hope for something that this could be. would love to see them hit us with a cracking bit of news but we`ve have none. patience is like an elastic band in any share, mine is frayed here at the moment.
We have several trades today. 174869 on LSE all shown as buys. 180k trade on ISDX at 9.56 at 4.4p. 13166 trade on ISDX at 4.5p The share fell heavily at 9.22am. As far as I can tell all the trades so far have all been buys. I wonder if our mystery seller has now cleared out?? Or if this was an after effect of the share issue. As for Emma Kane. 3.4% of Porta. So where are the other 5.2M shares issued to Redleaf? A previous RNS on 23/04/2014 stated Porta acquired Redleaf 'from its shareholders (Emma Kane, Ian Rosenblatt and Julian Polhill)'. Shareholder page has been updated again on 14th. Other Shareholders Fidelity 5.60% Hargreave Hale 5.39% Stephen Byfield 5.18% Ruffer LLP 4.78% *Emma Kane 4.72% Gary Wyatt 3.22% *This includes shares held by Emma Kane and her spouse Ian Rosenblatt This explains the Redleaf share situation as Ian Rosenblatt is also a shareholder.
Shareholders page for Porta has been updated. Fidelity 5.60% Hargreave Hale 5.39% Stephen Byfield 5.18% Ruffer LLP 4.78% Emma Kane 3.40% Gary Wyatt 3.22% Not clear how the shares to Redleaf vendors work as they would of had 6,998,050 shares before plus the 8M from this issue. Making around 4-5% of the firm. So were missing 1.5% here. All other figures have been reduced by 3% as far as I can tell. I assume they checked with the holders to get these figures. https://portacomms.com/porta-investors