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Not too worried. Newgate is still hiring and gaining new clients. Publicasity are expanding there team according to Twitter. It will be the usual stakeholders selling here. Hales Hargreaves is likely the buyer of these shares.
Anyone know what’s happening Who on earth would want to sell nearly 500k for £6,000 Mad imho
3 trades today. All around 2-3pm. Were they all buys? First could of been a sell? Rest look like buys. 100k 2.525. 100k 2.7p. 70k 2.7p.
So 2018 is apparently going well. 'Newgate Communications has made a series of junior hires to support its established London operation. This follows some significant new client wins in 2018 including Capco, Temenos and ABP London.' https://www.newgatecomms.com/blog/index.php/2018/06/07/newgate-communications-signals-growth-with-new-hires/
So what is going on here? Test trades show buy at 2.6 and sells at 2.41. So 2.5p trade from yesterday was likely a buy. In which case SP should be 2.4 to 2.7p or so. The price now seems to be at 2.5-3p. Maybe demand on level 2? I have no access to this.
Sell at 2.46p a day ago. The price went up 5%. Now we have 2 more sells. One at 2.411 and another at 2.5p for 100k. Are they actually buys? If so the trading price of 2.4p-3p seems wrong. If sells that is very odd as the price seems to be rising.
Does not look good that SEC are having to restate accounts for 2017 H1. Makes you wonder if their full year accounts were credible. Hmmm. That is quite a lot of changes.
Blu hires Publicasity. (They were previously a Publicasity client?) '�E-vapour� brand Blu has hired Publicasity to manage its social media channels and influencer marketing. It follows a competitive pitch. The remit will involve managing the brand�s social channels across Facebook, Twitter and Instagram, implementing a content strategy, influencer programme and supporting new product launches and regional activations.' This is the previous contract they won. (Feb 2015.) So this could be an extended brief? http://pr.gorkana.co.uk/news/general-news/pitch-wins/a-blu-win-for-publicasity/
Interesting that they withdrew 3 motions at AGM.
Zero trades from AGM. AGM starts at 2. Unfortunately I am at work today. A few questions I would of liked to ask. I don't know everything. I have my opinions.
GoTrader I bow to your superior knowledge on this stock My thoughts are that something is going on Even the reporting is on consecutive days I wait with eager anticipation
I doubt they have the money to do this. Doubt were in a closed period as they are still fixing Newgate UK. Only just appointed EK.
Something going on here and we will find out soon Seems strange that SEC would devote a chunk of their annual report to Porta I can see one or two possibilities either a merger or an offer for Ptcm.Not sure if it would work in opposite direction Directors are obviously happy given their personal investments recently If my thinking is proven then we may have already entered another closed period
They may be planning a joint announcement with sec over how partnership is going. I would like to see Newington move into Porta HQ to save costs. Not sure if possible as different company.
Said the same back in April.With first half behind them should be heading back up.Sorrell might even look at them for his new outfit. GLA
Well a lot of text but not a huge amount of info. So Redleaf and Newgate to rebrand as Newgate. Talk of cross regional and border works for the group happaneing more regularly. Further consolidation of cost base in H1 sounds like more cost savings? Hit on profits and revnue from these processes. No real numbers given here. See what market thinks. They clearly think thois business is on the mend.
Here is their main blurb on Porta. It's interesting that Newington is a Public Affairs only. So Porta and Newington are well placed to share these. Reading through the report they suggest this partnership is helping their bottom line. http://secglobalnetwork.com/download/20180516145407-secannualreport-2017.pdf 'Annual Report 2017 | 17 PORTA COMMUNICATIONS Plc .Porta Communications Plc is a PR Group -as SEC Grouplisted at LSE�s AIM segment. 2017 turnover was in excess of 40 million pounds. Its focus is financial comms under the brand Newgate Communications with operations in London, Singapore, Honk Kong, Shanghai, Abu Dhabi and Australia (with 5 branches in the most relevant Australian cities). In addition Porta controls three other UK based brand Redleaf (financial comms with a special focus on SME), Publicasity (marketing communication) and 2112 (digital). In the past Porta suffered some mismanagement issues that led to critical situations, namely in the UK market where they were seeking for an industrial partner they then found in SEC Group. For the sake of this strategic partnership, Porta arranged a dedicated capital increase (August 3rd 2017) by which SEC now owns 18,6% of Porta Plc�s shares, its first shareholder. Following this operation, SEC�s CEO Fiorenzo Tagliabue was appointed as Deputy Chairman of PORTA. Starting September 2017 a significant restructuring plan has been carried out that generated savings worth 1.9 million. PORTA and SEC has no overlaps since UK based SEC partner is mostly focuse d on Public Affairs, a business not performed by Porta operations in UK market . The SEC-PORTA platform is now present in five Continents (Europe, Africa, Asia, Australia and Latin America) and shows an impressive potential of commercial synergies that, once the restructuring plan will be completed, will be further implemented.'
I thought that 37k trade was a buy. It just seemed out of place.Why would a sell be so close to the mid trade point and above the last buy price. See what the AGM brings. Share could peak before it. Still hoping for more director buys here.
The 37k trade today was my buy listed as a sell.I await the AGM statement Thursday.
I did try a test buy earlier on 15k and was quoted 2.88
Actually the share rose on that small 52k buy. Didn't take much to get a 3p buy. To me this suggests people are mopping up any sold shares. With very limited floating stock. Not tried a test buy.
Up based on those 2 trades or on directors placing volume book orders for Thursday? Would time well with AGM and any trading update. We know costs from restructuring but no indication this has impacted ebidta before one off costs.
All seems very strange that SEC and Porta are now reporting at virtually the same time Only a matter of time before they take on another chunk of equity from the Morton Family IMHO
'Furthermore, as already outlined, in 2017 SEC became the largest single shareholder of Porta Communication Plc, also AIM quoted, with SEC CEO Fiorenzo Tagliabue appointed as Vice-Chairman on the Porta board. The collaboration plan between the two entities is expected to produce increasing commercial opportunities for both operations and we look forward to providing updates in due course' '� Total Group Turnover reached � 24.442.392,85; � Revenues are at � 20.964.302,35 up 13,4% against 2016 (� 18.486.777,24) � EBITDA is at �1.695.188,09 vs. �1.130.080,00 last year, up 50,0%. � Net Profit is � 772.937,48 vs. � 445.471,69 last year. A 73,5% increase. � Equity (attributable to Equity holders) has increased from �9,157M to � 9,354M. � The group Cash position remains strong at �4,672M at the end of the period.' So it looks like SEC is doing really well. The increase in business can only be good news for Porta if they are working together. They have raised the amount of money they intend to go to market for to 5m euros. They only mention Porta twice in the accounts. They do mention how they are now operating in more markets on a global scale. So maybe there is quite a bit of cross working between the 2 companies. They look forward to provide an update sounds encouraging. See what is announced at AGM. Could also be we get an update from SEC at their AGM. Their AGM is a day before Porta's. I assume they are not planning some news together? Could just be coincidence. Assuming they do an AGM statement. I don't believe they did one last year.
Buyers will pause before the AGM statement in 10 days. They'll let the share drift and buy in volume just before and after the AGM. Directors could also buy after the AGM. If the news is good going forward I expect directors to fill their boots around 2.5-3.5p mark using the sellers to do this. Hales Hargreaves will likely do the same. Hence why the share is drifting. All about the timing of shares and volume buys. I also expect Hales Hargreaves venture capital to announce a 3% holding at some point. They are already circa 1.5%. I still wonder if that 2.25% holding of John Foley was not a mistake. Just they announced it before it happened. As they announced in August existing stakeholders happy to buy up stock. We can guess a loss of 2m in H1 is coming. 1.5m for write down of Redleaf brand. Cost of share issues to PPS staff. Plus costs of restructuring. Offset by Asian and other uk companies profits. When Porta are ready to let share price rise you will soon know as the existing shareholders will keep buying like Hales Hargreave and others did on HNT. That has almost trebled since 37p low. Hoping Porta can do the same. We know 1.9m in cost savings plus 200k for Redleaf move. 2.1m. How much of this will translate to the bottom line? Overall H1 were looking to see that Australian revenue is miantained. and that Newgate UK is now making money.