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@mazz Dyor. Don't just go by forum boards. I still think Porta is under valued here and the company is doing well. Probably a mistake selling. Albeit the share was stressing you out. So maybe right on a personal level.
Yep i got shafted on RRL and GKP as well. I am obviously crap at picking shares, got sucked in by readng other PI postings on these chat boards and how great these companies are. I have learnt the hard way
I got shafted by the XEL BOD....... round 2 here we go.
The board are lining their pockets as well as the Mortons the small investor is going to get well and truly shafted. I am going to get rid of my shares as quickly as possible
Which is why I suggested Adastra. I don't think they will want any reply put on A forum. RNS. 300k payout to 2 employees. Paying half in shares now. Half in 2018 in cash or shares.
I have, in the past, sent emails to 3 company directors/PR and never had a response so gave up on this way of gaining information.....GT is very good at passing on news to the rest of us and any inside information is just not available to us PI's......just have to sit with the share or sell if the doubts get too much really Mazz but good luck if you decide to send...
Thanks Go trader. If I draft a polite and constructive e mail. Perhaps some of us on this message board can add to it and then we can vet it and perhaps either yourself or Adstrata could forward to the board. What do you guys think.
@Mazz - They announced it as Tesco didn't mind it being public. Secondly as it is a major contract win. They have announced previous large contract wins with RNS-r. Many major client wins are not made public as some firms don't like advertising it. Sometimes changing PR firms can be seen as bad news. Pointless emailing the board as they probably don't know you. They replied Adastra as they know him. You would be better off asking Adastra to email board again. Not sure if he would really do this given previous responses. The emails are likely on their website.
Apart from currency regarding Australia article seemed very positive. Actually Aus dollar is at a high against sterling. Maybe they got that wrong?
www.proactiveinvestors.co.uk/companies/news/174702/porta-banishing-the-post-brexit-blues-174702.html# Article about Porta.
2 new names on Newgate Communication staff list. 1 executive and another consultant. Takes UK staff to 41. 1. My gut is there will be no TU or they are waiting on other news. 2. I still think directors are locked out due to acquisitions. Can't be 100% sure. 4/5. Hardly pointless if they mark up share 10%. Not everyone follows pr websites or forums. 6. Gary Wyatt has almost doubled his holding here. Plus other investors in background quietly buying. Trouble is others are selling.
Agreed. Does anyone have any e mail addreses for Bob, Stefan or David Wright
As Adastra has already said, today's 'news' of the contract is not new and has been discussed on this bulletin board previously. If this is the best this PR company can do then we're in deeper trouble than I envisaged. Poor state of affairs.
Like i said all along a win win for the Mortons rediculous interest rate and with the interest rate money pick up cheap shares. PTCM BOD wake up or are you all in on it with high salaries and future sweetners
I meant II's but both would be a valid comment....
1. No TU....2. No Director Buys apart from BM.....3. Recent Director Sells......4. A Late so Pointless RNS.....5. Why have they no interest in seeing the SP rise, particularly as their stated aim is to see shareholder value........6.No effort being made to bring PI's on-board........ Can't help having a bad feeling about my investment here....
Why anounce a random contract win. Maybe the Mortons and the board have realised that the small PI is onto the stitch up that is going on with the interest rate. PTCM sort it out and get rid of this rediculous interest rate.
In fact the Bank of Bob as he used to be known operate this same structure in all companies where they invest.I did some work with a company back in 2005 where a 12% interest rate was implemented.Problem with this one is if it was converted at the current SP only one person would benefit and that is Morton.He could almost take the company private and do a trade sale with a clean balance sheet. Just my pessimistic thoughts The positive tells me they are re negotiating The neutral in me is asking over what period of time does the loan have to be re-paid?
Always moves the buy price up but the sell price stays fixed and the spread soars to 20% making it uninvestable till the 12% debt interest is resolved. All the recycled contracts in the world won't make a difference till the interest becomes more realistic and sustainable. You really do have to ask about the effectiveness of Porta FD with over three years debt interest serviced at 12% when interest rates are at an all time low and turnover has tripled. What on earth is this guys remit?
I think Ptcm are trying to be clever and dripping news to the market Last week it was the Morton family A contract win has to make a material difference to the financial running of a business and that is why they have announced. In the same way if a hefty contract is lost. More importantly let's hope it moves the SP
This is a 'communications' company! This is old news and has been discussed here already. Goodness, Porta really does need a shake and a wake-up call if it is to move forward. Kill the 12% interest rate on £8m debt and get geared up to communicating with both instos and II's - late news is worse than no news.
At last they get round to informing shareholders about F&F
I think you will find in Adastra previous posts he posted his replies. Overall be patient. The board know people are worried about debt. As for Morton. If he really wanted to take over he has had ample chance to buy up past 30% in last 12 months. Fact is his holdings have not changed beyond those mentioned in the RNS.
That's better. Glad to see an approachable board. Could you let me know the answer to your questions. I am happy to pass on my private e mail address if you prefer.
Hi mazzgd. As GoTrader will confirm I am very proactive and the answer to your first two questions is 'Yes' and 'Done'. As to the third question, go to the AGM post results, Steffan et al are very helpful at addressing any questions. I asked for a look round Porta last year and, with restrictions on open access due to client confidentiality, Steffan in particular was happy to run through a 'new client engagement' as an example. Obviously there are huge restrictions on what information can be divulged due to insider trading laws, but I have always found the Board to be very honorable and discreet; extolling the plus points of the business without breaching any confidential info. If the new management reflect the enthusiasm and vision of the new CEO then I know this business will be doing well, that is the frustration! Get the Morton dynasty out of the picture or kill the 12% debt interest and it will fly IMO.