Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Not really. They now announce contract wins in the results. H1 results announced several new contracts. The new hires have too. Remember not all firms want Porta to announce they have moved. Cello do very few RNS for clients. Someone on ADVFN thinks they may be timing news with something else. Share price is what it is. Seems pretty stable here. Usual horse trading of stock from buyers and sellers in background.
#shabby all round.
Which usually means it will not be good news GT when it comes......all the pressure at the moment is to lower the SP and not lift it as obviously us PI's would want.....bit strange that we have not had any RNS on contract wins don't you think?
Not this week it appears. Perhaps we are not getting a TU?
We are now 3 weeks later than corresponding time last year for a TU Nothing special in that although if you have good news you want to shout loudly and quickly I can only assume being the positive person I am that the company are waiting on something than could radically change the companies outlook By the way the recent big hitting recruits would not join if the outlook was cloudy imo Dyor
RNS more shares issued due to icas.178k of 1p shares. Perhaps why they delayed it? Also Huntsworth have released a strong trading update citing trading ahead of consensus, strong q4 and currency gains. Could be good news for Porta if they match this.
Yes, the delay is gnawing away at me too. In past years its been as early as January. One can only hope that they are saving up some good news. Hope is not a word I like to use in relation to investments.
Not so imminent. Unlikely to be done on a Friday or Monday. So if they are doing one it will be at least next week. It is really late this year.
A decent trade on Sidcup this morning Given an imminent trading update,does someone know something that we don't? Imo it's hardly likely to be speculation dyor
Toad- In terms of hires, September TU stated: 'We have continued to attract senior, proven staff to our team due to the quality of our platform. These hires help improve the number, quality and conversion rate of our client opportunities.' So I don't think they are hiring as a last resort here. It seems to be a strategy going forward. Many of these hires have come with clients (E.g the one last week and the Public affairs ones in September.) so this is a good thing and will probably help pay for a lot of the wages. If they can attract more clients even better. So I think the currency swing will still have an impact on the bottom line. Even you suggested they had been winning and retaining a lot of good clients. Might be a direct result of the above? I am sure the board and other senior managers are doing PR in the way they run Porta. These are old hands at PR and running businesses. They know exactly what they are doing. Many of the recent announcements have been very much timed in my opinion. A lot of these hires could of been announced 3-4 weeks ago. They are controlling the news flow here. I agree SP has been bumpy over last year or so. Been a lot of small funds, small inverstors and Emma Kane selling here. With many others mopping up the stock too. Does not mean Porta can't turn this around. BM's seems happy to accept 10-20m more shares here at 4.25p. Above current SP. Once they start moving towards a profit I am sure acquisitions will follow as the SP recovers too. At present takeover seems more likely given the finances and exchange rates making the pound cheap. For a US firm wanting entry into UK, Europe and Asia Porta could be a great acquisition. Trading statement this week?
I can only agree GT. Fact is that the Board cannot buy anything else with the PTCM stock, they have no cash and they can't borrow anymore. The story that by selling you were getting in on the ground floor worked for a while. But of course the stock is now not on the third or fifth floor, it's in the basement which anyone selling will have spotted! So the only alternative is to burn cash on hiring. No argument with that strategy but if correct any gains from new business and the currency swing will be absorbed by the new hires. I just wish the Board would treat their (our) own business to some decent PR. As I have said here before its the Cobbler's children story. Shameful that they cannot devote some resource to this. Anyway - jam tomorrow!
Had another look at story looks like she already has a number of clients and Nova Biotics is one of the new clients she has already added. Also sounds like she has been working for Porta firm a few weeks now. 'Gavin Devine, chief executive at Newgate, said: “Bringing Louise into our senior team is a tremendously exciting development. Not only does she augment our capabilities in respect of employee engagement and internal comms, she is a seasoned strategic advisor to a whole range of clients. She is already making a big impact and I am certain she will play a major role in our on-going fast-paced development as a business.”' To me it seems like things are starting to take shape for Porta. 2 senior hires announced. Plus a new Public Affairs hire too in just over a week. As far as I know no one has actually left. It also appears many of these senior hires bring clients too. Start of H1 may have been slow for Newgate London but you would think H2 2016 and H12017 should be the turning point for Newgate and Porta as a whole. Been a string of news stories in last few days. If they can sort out debt issues and show a decent profit soon then the city will soon start investing here.
http://www.gorkana.com/2017/02/newgate-appoints-bread-prs-louise-nicolson-as-partner/ Another senior hire bringing a client with her. So many new hires here. Language on story very positive from Gavin. RNS on holding too but no actual changes in shares sold.
http://www.prweek.com/article/1423355/kings-college-london-hands-pr-contracts-19-agencies-2m-framework-deal 'The five agencies in Lot 1 - Four Colman Getty, 89Up, Lansons, Newgate Communications, and Anna Arthur PR - will manage and support the university's programme of exhibitions.' There are 4 other lots. So 19 agencies covering this 2m brief over 4 years. Unclear how much of this work will actually go to Newgate. Pends how busy the agency is too. See article.
Missed this last week. New hire for Newgate's Public Affairs team - Alastair Masser. Halfway down page on link. http://publicaffairsnewscom.cmail19.com/t/ViewEmail/t/3CAECD30EE0F78E4/6AF241DA9935730EF6A1C87C670A6B9F 'Newgate tap up Tory special adviser. In previous memos, I may have asked what was going in with Newgate’s lobbying operation and why it had gone a bit quiet in 2016. My question was answered a few months ago when Newgate nabbed Simon Gentry, the top UK lobbyist from rival agency MWW. And now I’m very pleased (but not delighted) to hear that the agency is continuing to boost its lobbying firepower in time-honoured tradition. By hiring a Tory special adviser. Alastair Masser is a former Tory party defence and foreign affairs adviser. More recently he was a special adviser in the Tory whips office from 2015 to 2016.' This is now the 4th Public Affairs hire they have announced since 2016. They must be doing well in Public Affairs now? Even this article seems to think Simon Gentry was a top hire. Have to see if these new hires helps Porta's bottom line.
http://www.gorkana.com/2017/02/purecircle-appoints-redleaf-communications/ 'Redleaf Communications has been appointed by PureCircle, a producer of stevia ingredients for the global food and beverage industry.' See what other news this week brings. We could get the TU any day from now. Still betting next week given recent announcements.
My guess is they are locked out. Not entirely sure why though. Lot of stuff going on with debt and acquiring percentages of pod businesses. Could be something else. Wait and see what TU says in 1-2(?) weeks.
Hard not to agree, they are not showing the faith we all are.
....or lack of. Apart from Bob Morton that is.....is a bit of a worry to me as we have not been in a closed period as far as can be known to us....We may well get a surprise but no certainty that it will be pleasant...
Very interesting this morning Virtual matching trades which indicates to me that the buy order is greater than the sell Something is certainly going on behind the scenes and I suspect we may be in for a long awaited pleasant surprise IMHO DYOR
Some big trades today. 500k buy on isdx. 400k sell on LSE.
I actually expect 3-4 more holdings RNS. HH, Ruffers, Byfield and Wyatt. If they actually do them is another matter. This could also be why the holdings of major shareholders has not been updated on Porta's website. These are another reason to delay TU. Whatever happens this will be a good chance to see if any of the major shareholders have been selling.
Purely do to the share issues. Their holding is exactly the same as it was 4-5 months back.
Actually IPO could rise to 300m if successful. Need to read to end of the RNS. They did talk of a number of possible IPO earlier in the year. I wonder how many of these will come to fruition.