Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
http://www.proactiveinvestors.co.uk/companies/stocktube/5067/porta-communications-chief-looks-to-double-the-size-of-its-australia-business-5067.html He wants to double size of Australian business. Not watched it yet.
Clear today some people were always going to sell if the company could not turn things around. Yet someone or a group of investors have snaffled over 1M shares. Between 2pm and 3pm someone bought up nearly 500k of stock. Nearly 900k traded on ISDX. Quite a few of these were sells. I agree with Val62 after the initial sell off new investors will come in here. I still believe a large buyer is soaking up stock here. Porta could really use a white knight to buy out the Chairman. This might get rid of the expensive loan here. The reality is BM will use this loan to substantially boost his stake in Porta. Don't be shocked to see him use the interest on these loans to buy up more stock at these prices. For now it may be they are all locked out anyway if acquisition discussions are ongoing??? Who knows. It may be the directors wanted to wait 1-2 days before showing their card and buying in?? It may be none want to buy in? Who knows.
The big numbers here are the D and A of 2.718M. Finance costs of 1.26M. Those 2 alone account for most of the losses here. The finance figure pretty much wipes out any of the 1m ebidta. That being said they offer up exceptional items of 1.5M which should hopefully not appear at such high levels this year. Sure some are negative about the Brexit but it's unclear what if any impact this might have. Would we really vote to leave the EU? Paul Scott has sold out his long position on Porta today. His overall review was -ve chairman loan -ve under capitalised balance sheet. -ve way accounts are done. +ve CEO has done it all before. +ve good businesses inside Porta and Once more established, the group might attract a bidder (the CEO mentioned 2x fee income as a multiple pertaining in the US for takeovers) So mixed kettle of fish from Paul. Unclear what shares he sold today.
My thought on the new hires were for new acquisitions. No mention of these. No director buys either. (yet). A COO would be there to integrate new businesses. Let's not forget the 1m savings made from restructuring. So a refreshed bod is not all bad news. The key here is cash in the bank. This is still 2m or so. Buyers will wait for the nervous investors to sell here. Directors will do the same. Assuming not locked out. Revenue is rising here.2016 should be a strong year for Porta. 35m revenue with a market cap of 16m seems very undervalued.
Hi micksnags. I think that's part of the problem in that management is growing faster than profits. The company reached an inflection point in 2015 delayed by protracted purchases of PPS and Publicasity which are now bedded into the multiple communications package. Porta should now consolidate and allow the strong organic growth to show though. Let's see how Steffan and Gavin can create organic growth from existing operations. David Wright has grown it to critical mass so time to step aside and take a salary hit for those of us who have supported him thus far in return for red ink. Porta/Nwgate/Redleaf can really milk a profit from the improved centralisation and critical mass structure which is focused in the heart of London. Management costantly promote the view that expansion is the only means to very strong revenue momentum in the financial communications sector. I beg to differ. We need to show strong organic growth by interdepartmental streamlining and joint offering with the management we already have in place: that is exactly why Staffan and Gavin were hired. When we remove the doubt on capability of scale, then we will engage the growth funds, the shareprice and MCap will respond and THEN we can look at acquisitions. Talk of more management is not what investors want - growth and profit. And yes, tell Bob to play his part by helping out.
I didnt like this part, can see the price droping to 5p again. whats your thoughts on this. "The current year has started well and the Group is running ahead of budget for the first quarter. New business throughout the whole of Newgate has been buoyant, although in the UK there has been some slowdown in project work ahead of the EU referendum. "The Board remain confident that organic growth in fee income will remain strong, particularly as the planned recruitment of a number of high quality executives gains momentum, although these inevitably will have some impact on the bottom line in the short term." -Ends- Enquiries
i think they should stop trying to expand all the time and generate higher consistent profits with existing clients and contracts. the referendum will affect most shares/investments at the moment because nobody likes uncertainty when it comes to business. i will hold long term because that is the nature of this share . they make £10 and can`t wait to spend £9.90 of it to buy or open or employ etc. it doesn`t take many things in quick succession to take a wrong turn for the milk to turn sour. all in my very humble opinion of course. all the best.
Good solid performance for Porta. Steering the profit making operations smoothly, growing strongly and incorporating new businesses to provide comprehensive package. One to tuck away and watch it grow from this transformational year. The wait has been longer than expected but growth continues apace as integration and economies of centralisation and scale kick in. Steffan and Gavin should now be able to accelerate the business to realise it's full potential. It should now start to hit the radar of the growth funds looking for a steady business from here onwards.
Despite a small full year loss...PTCM is unlikely to skyrocket, steady progress has been made and it has some good group assets all doing well. SP should rise over medium to long term, target 10P + if the results continue to improve. Fairly safe investment imo. BUY / HOLD.
A mixed bag in results These exceptional items are happening too often and blurring other good work I don't like the excuse about the Referendum either However Revenue is good,clients numbers are exceptional and all in all its the best set of results we've seen to date Low SP due to long term nerves This will climb over the next couple of weeks imo
Good progress Infact very good
just sold at 7p. this has been to slow and i cant afford another loss. sorry chaps .
positive, i think "The strong momentum shown in the first half of 2015 continued throughout the year with gross profit (fee income) nearly 40 percent higher and organic growth at 14 percent - considerably higher than the sector average of low single figures. This strong trading performance together with a substantial reduction in exceptional costs has left reported EBITDA, after all costs, nearly 5.5 times higher than 2014. More importantly, operating cash flow was £1.3m, the first positive contribution since the formation of the Group, compared with a £3.4m negative figure in 2014.
In the current year Porta will be acquiring a further 15 percent of the Redleaf equity taking its stake up to 66 percent on terms outlined at the time of the acquisition in April 2014. Looks like a number of it's division have performed very well. Annual General Meeting The Company's Annual General Meeting will be held at 11:00am on 30 June 2016 and the Annual Report containing the Notice of the Annual General Meeting will be posted to shareholders shortly and will be available on our website thereafter. Looks like they have renewed their borrowing with Hawk investment holding Limited at 12%. 'the Bond will help reduce the Company's monthly interest payments, as the redemption premium is only payable on the date of redemption.'
Looks like a 2.9M loss but a huge Depreciation and amortization of 2.71M. Including a lot of exceptional costs. So headline profit of 829k. Cash in the bank has not changed much. Still about 2m. Highlights -- Gross profit (fee income) up 39% -- Organic growth in gross profit of 14% against a low single figure sector average -- Reported EBITDA after all costs up 447% -- Headline EBITDA 27% higher -- Number of clients up by 231 to 836 in the year -- Positive operating cash flow of GBP1.3m compared with negative GBP3.4m in 2014 -- Renewed debt arrangements Outlook -- Trading ahead of budget in first quarter of 2016 -- Organic growth expected to comfortably outperform sector in 2016 -- Exceptional costs expected to be significantly lower in the current year -- Further senior hires planned
http://www.gorkana.com/2016/05/parker-fitzgerald-appoints-newgate-communications/ Specialist management consultancy, Parker Fitzgerald (PFG), has appointed Newgate Communications to advise on its corporate communications and marketing strategy. The Newgate team will be led by group managing director Steffan Williams (pictured) and supported by Alistair Kellie, partner at the agency. Newgate will work with sister company 2112 which will provide marketing and design consultancy. Good news for Newgate and 2112. Not really had much to say lately. I assume most of these buys are from you Val62? Probably next post after results. Don't want to clutter this forum.
val62 , lets hope so.Its been a long hold for me, but not as long as yourself. atb
Steady progress today without any major buying I can only see this going in right direction unless company hit us with some unexpected bad news Worth a buy all the way to 10p IMO I am currently averaging down but still a long way to go I do hope my patience is rewarded!!!!!!!!
Ismalla I totally agree with your comments and just to add a couple of mine I would like to see borrowings down 25% even if there is some conversion and ebitda to be positive Then outlook etc....
Once the revenues start to wash over the direct and admin costs the profits will begin to scale very quickly. Such is the effect of a business like Porta with its high operational gearing. And once that happens the sp should move to well over the 10p level as more investors take a positive interest.
I think the tide will start to turn and big buying will return towards the end of this week And Rightly so Good luck all
So my thoughts on who the seller/s are here. There was a 4M pounds share issue just over 3 years ago. This issued 50m shares. Of which 10M went to Bob Morton's company but 40 million shares went to institutions. These shares were issued around March 18th 2013. So what we are probably seeing here is some of these stale investors selling here. This could explain the 2.6M share sale. This would also explain why Hargreave Hales still have 5.58% here. So maybe I/we have all just misread what is happening here. I just assumed as their shares in company dropped nearly 4-5% this year it must have been them. I wonder if Porta did this update to calm the market? Might also explain why there has been no RNS from HH.
Looks like the 10% fall yesterday was an over reaction from MM. The updated investor page indicates none of the large investors over 3% have sold any stock in last 4 months. Answers on a postcard. http://portacommunications.plc.uk/porta-investors
Porta investor page updated. HH still have 5.58%. Hmmm
Down virtually 10 per cent today to a fraction of its 52-week low in very thin business. I've been in this share for three years now with nothing to show but red ink. Let's hope May 24 brings some of the optimism that is certainly required.