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Time to do for itself what Porta has been doing for others and pile a load of effort into self-promotion! The current share price of £15m is ridiculous given the recent company engagements - Glencore, Samsonite, Siemens companies, Blue Prism IPO, Mirada....... and those are the disclosable contracts, plus the significant recurring revenue. Turnover last year should have risen to around TWICE our current MCap according to the last update and that was in the 'transitional' year of 2015. We are now in 2016 seeing increases in big clients under Steffan W with Gavin Devine joining in July. The growing disparity between performance of business and performance of shareprice should start to resolve soon.
Having digested the comments from Steffan [I love these 60 second soliloquys] - It is becoming apparent that Gavin Devine fits the Porta comprehensive communications format perfectly. He will join Porta’s Executive Committee in July where he’ll oversee the continued integration of the group, which operates in the comms, marketing and advertising spaces. He will also develop Porta’s public affairs and corporate comms capabilities. His experience includes delivering strategic comms advice to clients including EDF Energy, Network Rail, Kraft Foods, Siemens and the RSPCA. As Porta have just won the Siemens contract it should provide a seamless transition. Looking good for 2016 as it rolls out. The shareprice should soon start to reflect the may finals and the all-important trading update for this transformational year rather than reflect on the 2015 transitional year.
60 Seconds - with Steffan Williams Newgate Communications [Porta] http://www.gorkana.com/2016/04/60-seconds-with-stefan-williams-newgate-communications/ Solid comments from the MD
In the context of things, share volume is still low as 250k shares is a mere fraction % of total. The bigger picture of strong underlying trading should be confirmed with results. The 2015 finals are already telegraphed in essence - turnover racing ahead whilst transitional costs increased from the closure of two underperforming offices and hire of senior managers to accelerate client size. No surprises there. That said, what we really want is just how much the transitional year of 2015 is transforming into the cash generation of 2016. All acquisitions are now bedded in and organic so are growing strongly as a follow on to the Feb update. Management have been prevented from buying shares for a while due to knowledge of indicated possible add-owns, and are now in the closed period prior to finals. As I said previously, the recently organised share plan with a 13p 'hurdle' is a clear indication of management wanting exposure to shareprice uplift when they are prevented from physically buying shares. Whilst all is currently quiet, I suspect a great deal of activity at the work face. I also see the MMs quietly accumulating stock before a hectic series of announcements in May confirming strong growth and accelerating strategy alongside the 2015 results (which will be burdened with additional costs, but these are historic). The arrival of Gavin Devine shortly afterwards will cement the schedule for increased growth showing that Porta has evolved into a universal provider of all aspects of communications and promotion for companies large and small. 2016 and 2017 should see everything fall into place.
Usual pattern again today. Large sell on Friday. Today someone has cleared up all the stock. If HH were so eager to sell why don't they do one large trade for 8-10 million shares to this buyer/s? Makes no sense to me. We have been wrong before. Maybe this is a smaller investor/s selling up? I think all will become clearer after the results when directors can hopefully buy in here. All guess work really. 6p seems a good point to buy in.
Been a really quiet week for share trades. No odd 1000 or 1500 share trades. Albeit we had a 250k sell late on today. Hard to know if II or not. Redleaf have won another award. http://www.redleafpr.com/media-centre/awards/2016/april/redleaf-communications-voted-best-adviser-financial-pr/ Still waiting on these acquisitions. 1-2?? Still not sure how these will be funded. See what happens. Things appear to be going well. Just need the SP to reflect this.
Porta seem to be firing on all cylinders and yet static shareprice. The Siemens win seems to have been very much overlooked in particular. We are starting to pull in bigger names which started with Glencore in October. Steffan certainly seems to be making initial impact six months in.
GoTrader - your observations are interesting and would fit the figures I have but I don't think that's the bigger picture. P308 is way way out on DW forecast - don't know where that came from! He said £50-100m within 4 years. Behind schedule, yes, due to acquisitions of PPS and Publicasity, but the goal is still visible and tangible. We are seeing increased wins, bigger clients/mandates and strongly increasing revenue. DYOR as is frequently advised and always essential.
DW said this was going to be a £billion company, there are plenty of people on here ramping with the price going nowhere and my advice is that you do not invest any more money until some major profits come to fruition. Just my take and as always DYOR
1 reason for the buys/sells could be HH are moving stock from one fund to another?? This would then require no RNS. Albeit it seems unlikely. Blue Prism story is here. http://www.gorkana.com/2016/04/newgate-communications-advises-blue-prism-on-ipo/
PPS has made three appointments to its Bristol team to support its ambitious growth plans.' 'Managing Director of PPS Group Andy Martin said: “PPS has a great track record of delivering high profile and successful campaigns for clients in the South West. Our new team members will help us to build on that reputation. “These are exciting and challenging times for the South West and I know the team is relishing the prospect of working with clients in the area and offering the support and advice to help them succeed.” Ben added: “How organisations communicate with their stakeholders and the wider public on big issues that affect a community is more important and complicated now than it’s ever been. Working in a team that knows its business sectors extremely well, and can combine this understanding with the skills clients need, is a hugely exciting prospect for me. “I’m looking forward to working with the team, the wider group and its clients.” http://www.ppsgroup.co.uk/news-and-events/pps-group-strengthens-south-west-team So PPS are expanding!!! A good sign they are doing well.
Yes, you see there is so much positive news which will eventually be recognised
Newsgate communications is advising Blue Prism on all aspects relating to its 21m IPO. Article on Gorkana.
Great post Ismalia. I agree with you! All the directors have been buying in at 6-9p here. Sure that 6M buy from Bob may have been used to soak up some of the HH Marlborough shares but this is still all his own money. He would not inject 480k-700k+ into a share unless he thought it was going somewhere. I do think this share is undervalued. This will sharply reverse once HH clear here. I think the recent contract wins will also add nicely to the bottom line. Waiting also on a RNS for this new investor. I still expect a loss for this year due to that 1.4M write down and one off costs. I like you will be looking at the business performance once these are stripped away. This is an interesting business that is gradually finding it's feet. When it does the SP will rise quickly and the business will expand quickly through acquisitions. 6p seems an absolute bargain here.
I cannot help thinking that the market has got it wrong with PTCM. I realise there is a seller about and that will be dealt with in the course of time. However the recent news has been positive and we have to acknowledge that the company has been block building from virtually nothing and now has a number of good businesses within the group. The Directors top up quite often at levels higher than 7p and they should be in the loop. The current year should begin to benefit from consolidation and I believe that the operational gearing will quickly wash over fixed costs. Getting in at these low SP levels could be rewarding for those not invested and I will be topping up. Be positive and buy from frightened men as Rothschild once said.
This will likely be pattern till HH clear. There was 169k bought on isdx yesterday. Did you top up in the end? Slow day today.
Still quite a bit of trading going on Those in the know will have an understanding of the first quarter given management accounts should be completed in 7/10 days The full years results should be ok but this first quarter is far more significant imho
I don't think we have to be too scientific about this share Terrible mistakes were made three years ago when Ptcm were trying to buy or start up everywhere.They bought a media agency with one decent client and they lost that New management doing a great job.DW taking back seat so money is safe!!!! HH still selling so what an excellent buying opportunity? I will be increasing my holding averaging at 14p for nearly 1m I thought a year ago I was mad not to sell Now I am pleased I didn't. I estimate HH to have just over 8m to sell Wouldn't be at all surprised to see a fund or hnwi take the lot Then the SP will just soar imho dyor
It depends on what your own investment strategy is. The regular posters to this board are invested here and follow the company closely - look back at their appraisals and forecasts. GoTrader and myself frequently post news that is not RNS'd but is relevant eg contract wins. The company is still sub-radar for a lot of analysts and commentators so our comment is useful in DYOR. The team at Redleaf and the BoD will always respond to queries, obviously restricted by regulaiion, but gives a useful 'feel' for the company. Do go to the AGM and meet the team, see the operations. The concencus is that 2015 was a transition year to assimilate the nine constituent companies under one umbrella and streamline operations. Brussels and Frankfurt were lagging the headline growth in revenue were closed to allow the fast movers to flourish. Costs have been incurred but the savings of £1m are operative this year. The signing of Glencore, Samsonite and Siemens contracts since Steffan took the helm seem to indicate we are moving rapidly up the food chain, and Gavin's appointment reinforces that. Porta are now IMO in the transformational year, after the transitional year with cash generation replacing previous start-up burn. Therefore; if you just want your capital back at 10p, we should hit that before end year, probably sooner on growth for first 6 months of this year rather than historic 2015 figures. If you want 20% on top of your stake you need to hold on for 12-18 months or so IMO for 12.5p. If you, on the other hand, want significant growth and a dividend then 24-36 months. That discounts spikes and any acquisitions which would accelerate growth by accretion. All IMO and not any investment advice - just my own conservative horizon scanning.
How longs medium term?
I would go in Monday and pick up 38000 shares at 6.1p for around £2350. That would give me 46337 shares at an average price just below 10p including any dealing costs. I would then be comfortable that I would realise a profit in the medium term above any other investment including my current position. That is just my opinion and not any investment advice. Pretty sure GT would do the same to bring a realistic target forward. That would align you with a 30% increase if the BoD achieve their minimum hurdle.
8337 Shares 27.6276 Average £2,303.31 Cost £500.22 Value now
I'll have to check the date. That was the highest it got to at the time and seemed to dive when I brought in.....jinx.
You must have been in Porta some time fella to have an average price of 27p - six years plus?
If I were already invested here and my average price was around that level I would be using the current low to buy in and take my average to par value 10p. The company has never issued shares for any acquisition below 10p so it is a significant price. The 'hurdle' level set for directors to benefit is 13p so it is clearly visible and achievable in their eyes. The directors have been and are now in a closed period and cannot buy shares which is why I think this hurdle scheme was put into place now. It seems to indicate good traction in the underlying business and is the only way that directors can get a piece of the action. You would then have a clear view of profit once par value has been achieved rather than a blue-sky 27p. Interesting to note that GT has mirrored my own investment decisions exactly as our averages are pretty similar. I regard any purchase below par value of 10p to be a good move with a medium term view.