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You can always buy shares here. Supply online can be limited. However your broker can always place large orders when you call them. Tried and tested by me and many of my friends. However if stock is limited sometimes you may pay a small premium. We saw that with the 3 trades the other week which pushed buy prices to 4.25p. Which shows the impact funds could have on this share if it takes off. Lack of free floating stock is often a good sign.
My research suggest HH, Ruffers, GW and the BM Trust have all bought at least 5.71m-12M+ shares this year. That's 4 major shareholders all increasing their holdings here by millions. Even those that had been selling! Why would they do this? We know 2017 is way ahead of budget. We know the results announced quite a few new clients We know there are financial commitments to come in 2017 plus a huge share issue to help buy shares in pod businesses/fund 2017. On flipside we should see the loan rate reduced if BM keeps his promise mentioned in the results.To what rate? What price will shares be issued at? Also be weary of the test buys and sells here. Still at least 1-2 big buyers/sellers in background. Albeit I think the sellers are not major shareholder (Below 3%) here given latest holdings from results. There was a test buy and sell today across here and ISDX. Not going to say there is no risk here. Huge risk in some respects. Some predicted the results would see the Sp tumble given 5-6m loss. Reality is it has not happened and many still buying here including up to 4 major shareholders. There could be huge rewards here if 2017 is going as well as suggested. Then again we have been promised much before. Any large PR firm could easily pay 10-20m for Porta and just pay off the debt. That gives 1.2-1.3m plus to bottom line. If this share does take off I can see many city funds quickly buying in. At present very few are touching it. Don't invest anything you cannot afford to lose. DYOR
Friend of mine bought100k today on the strength of perceived forward earnings May dip in again before the end of the week Anyone got any thoughts
Oh Hargreaves Hale now own 8.15% of Porta. Suggesting they have topped up over 11.5m shares here. So much for them being the likely seller. All other major investors above 3% still hold all their shares. I have been saying for months now that someone had snapped up close to 30 million shares here. It appears HH took the lion share since last April. Oh Redleaf seem to be perferming very well too. All their divisions seem to be doing well with more clients in pipeline for 2017.
Number of clients is up 26% to 1055 now. Gross Profit in Asia/Pacific is up 2.6m compared to 2015. Likely due to exchange rates and Aus business. UK was up slightly. Looking very promising for the Australian business. Staffing levels increasing from 52 to 68 people. Suggesting business is growing strongly. Looks like they have been using Newgate Engage since Feb 2016. With also some new large clients announced. Looks like they will also be helping with the 2018 Common Wealth games. They seem confident about the shape of Newgate UK now PPS and 13 are all one big team. They have been working with Glencore and Sompo. Looks like the results took some hits from writing down PPS brands etc. Newgate HK and China. Seemed to do well in H1 but a blip in 3rd quarter with a stronger q4. It is ahead of budget for Q1 2017. 'Whilst fees and margins were overall down year-on-year, the fourth quarter upswing in activity has served the business well as it entered 2017, with performance in the first quarter running ahead of plan. The business is well set for further growth in 2017.' They appear to be looking for more staff which sounds promising. Newgate Singapore seems to be growing on all fronts and has moved into larger offices. The team size grew at the end of the year. So this sounds very promising. Newgate Abu dhabi seems to still be in profit given oil slump. Seem to have retained a good client. Publicasity has gained 6 new clients this year. They also seem to be doing joint pitches across group now with Newgate. Looks like PPS has had a difficult year due to Brexit and many housing projects stalling. Business picking back up at end of 2016. Looks like 2012 have won a lot of new clients in 2016. Some which may have already been Newgate clients. So maybe the cross selling of products is finally bearing fruits? There are some big names in their client roster including Legal & General Investment Management in Q3. Summit seems to have suffered near end of 2016. Although they seemed to of gained a few new clients such as Sage One and Cripps law firm. So 5m loss is made up of. They count 1.56m in exceptional costs. 2.1m on amorisation of acquired intangibles. Plus 2.1m on impairments. Another year where one offs hide the real company performance. Future obligations is also a big issue here too.
They could tell us what 'substantial' meant for a start. Even better tell us how it has affectted the bottom line.
Is anyone going to the AGM?? A good chance to ask questions. Not sure I can make it this year. I don't anticipate Adastra will be there either. The other question is do we get a AGM statement this year? To be fair what else will they really add that they had not already told us at the results? We know 2017 started well and is substantially ahead of budget compared to last year and their own forecasts. My gut is there will be no AGM statement. Then the question of when they do the 6M results. Will these be bought forward now?
Would imagine the Fairfax win is a healthy piece of business
http://www.theaustralian.com.au/business/markets/hellman-and-friedman-in-rival-bid-for-fairfax/news-story/8495b41975635760f5f337696926e027 Newgate Communication are one of the firms advising on this takeover.
Redleaf have a new client. http://www.gorkana.com/2017/05/filta-group-holdings-hires-redleaf-communications/
Toad the spread is good 3.78-3.881 These are proper trading levels unlike the rubbish we've seen recently
Check out the spread in price.
Million shares traded so far today including 600k plus buy Hence the hike in SP Is something going on in the background?
Well that didn't last long. Alooking I didn't think Directors were locked out under 10p for bonuses etc. Finally where do see this company being a year from now
I read it as though some of these shares will be used to pay for further chunk in Redleaf, Newgate Aus and other obligations. As well as raising 3m for equity. 'The Board has also reached an advanced stage of discussions with a senior debt provider to establish a new working capital facility. ' This means they will be locked out as they are reaching a deal on debt with a third party. They would have inside information is they were allowed to buy now. The stars here were Newgate Aus, Redleaf and Publicasity. It appears PPS suffered due to Brexit. They fully own 13 Comms now 100%. Not sure how they acquired this. Acquired 31/12/2016. 66% Redleaf - 501k profit for year. Up from 456k. 57.86% Aus - Revenue up from 7m to 10m! Profits 863k Down 80-90k. Australian revenue up over 40% on year!! 60% HK - No mention of these figures. Nor Singapore figures either. CAG - Profit for year - 2778 compared to (109692) loss last year. Team Darwin has been written off. Porta owned 25%. It's revenue was 107k. Key employee left. Loss of 36981. Overall a lot of dealing with debt, company acquisitions here. Net debt seems to be over 10m now. They really need to reduce these loan notes. Some positives but this company needs cash!! Overall there is a lot of detail in these results and I suspect I have barely scratched the surface.
Directors will be locked out due to negotiations over debt. So have to wait and see. Hopefully 2016 will be year they cleared out all the bad news. I was expecting revenue to be higher. Need time to study figures more closely.
Why buy shares when you get them given Toad.......present shareholders to get diluted and any profits spent on Directors and staff....present creditors say do an equity raise and we will reduce interest on loan.....but what does it all mean for the SP going forward.....GT is this a good company to invest in? .....growth is going to be painfully slow I think...
The directors now need to weigh in and buy in support of their own strategy.
7m loss not good. Lot of one offs. 2017 substantially ahead of budget. Loan note reduction likely. Hopefully BM holding reduced. Unless he is taking the shares. See what happens. See which way share goes today. Presently up.
Doesn't give a price for fund raising Needs to go north first imho Good news about debt discussions
....to issue 163 million new shares so huge dilution
Despite generating £1.2m of net cash from operating activities (2015: £1.3m), year-end net debt was £7.6m (2015: £6.2m). It is clear to the current Board that an equity injection of up to £3m should be sought to support ongoing growth, and discussions with strategic investors are underway to enable this to happen. To this end, in order to maintain the Group's flexibility to raise further funds for such an equity issue, as well as being able to issue shares in relation to legal obligations that already exist including contracted follow-on acquisitions, the Board proposes to seek authority at the forthcoming AGM to issue up to 163.1 million new shares (being approximately 50% of Porta's existing issued share capital) with 130.4 million of the authority to issue new shares (approximately 40% of Porta's existing issued share capital) being on a non-pre-emptive basis.
what do you mean...? headlines seem ok... but increased loss per share and new debt facility soon? Tough call...
Just thinking the same
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