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Can anyone explain the large share dump at 4p? No doubt another fool who can't see the wood for the trees....or maybe the seller is still distressed/depressed!
GT - the nature of the sales in rapidfire succession of smaller amounts is more indicative of II related bot-trading not usually applied to stocks of this size. I concede it could be a stale investor or ex-d but I think it unlikely. HH were indeed recently static at 5.58% having reduced in 2015, but this could have changed depending on markers crossed. The investor[s] who harvested the sellout crop in significant chunks would appear to be quietly accumulating. Agree that May will give good indication of current trading.
If HH had cleared their stock they would most likely inform the market. My gut is this is a stale investor or ex director who has cleared their stake. We can guess Bob's 6m trade was related to HH. Exactly same time Marlborough sold. There is no proof HH have touched their VCT stock. Why would they when someone is soaking up all the sold stock here. Seems crazy to me.Porta would be keen to inform market if HH were out as it would support share price. Wait for May. Steffan interview perhaps suggests new exec on way. See what happens.
With contract wins from Glencore, Siemens, Samsonite, Mirada and Blue Prism being already highlighted plus any non-disclosable ones, 2016 would appear to be off to a flying start. The fact that the Australian Dollar has strengthened strongly must surely be redressing the £110k EBITDA translational effect that Newgate Australia suffered as a result of its weakness last year. Steffan Williams has initiated and developed these business wins since his appointment as MD in October. He will be joined by Gavin Devine in July so expect the business to step up another gear later in the year. The 2015 results due in May will reflect the transitional year in which PPS and Publicasity were embedded and are academic - 2016 is the transformational year that looks to be shaping up nicely with bigger remits. Time will tell, but the enthusiasm reflected by those joining Porta and increasing the business is beginning to filter through to investor sentiment.
The past 18 months has been plagued by the persistent selling of an institutional holder possibly/probably Hargreaves. My assumption was that this was down to Porta having left its VCT fund remit. I don't know if that was correct, but the nature of yesterdays selling pattern was indicative of a 'final' machine-automated offload, hence my call that sentiment had turned when the bigger buyers mopped up the stock. I also now believe that this long-standing overhang has now cleared. Yes, we will still get peripheral sellers, but the corner was well and truly turned yesterday IMO. Porta is now ripe to attract a whole new range of investors - all we need is a confirmatory update stating just how strong trading is in Q1 of this year. That should finally convince critics that the company is growing apace with good recurring income and sizable contract wins. EBITDA 2015 will be higher, but so will exceptionals....it is the Q1 figures 2016 that will guide the price.
morning Gotrader. yes that was defiantly a buy as i was monitoring the sp most of the day. I had just topped up when the sp dropped even further and was puzzled at the strange trading and as has happened to me before on these occasions watched it more closely. when it went to 4.75-5p i got some more at 5.08p then it went back up to 5.2p. hope that helps. atb
That trade for 576674 shares at 13.34pm looks like a buy to me. As around 13.34 the bid was 5p-5.25p. That would of forced up the SP. All these trades at the midpoint trades could also be buys?? 2.4M shares is a lot of trades on no news. @ Adastra - I am sure HH could wait 28 or so days for the directors? They have waited almost a year to clear 5% of their stock. HH must be in contact with Porta regarding their stake? I can't believe the mystery buyer is unable to contact HH to offer to buy them out? It's not difficult to work out who PTCM major share holders are. This is why I wonder if it's not actually HH or Ruffers? All these small trades today were bizarre. I have not added them all up.
......come on you buyers can firmly stamp the rerate on the pivot point we've just passed. THHT was the nadir that has beckoned for almost two years. From here we grow stronger than ever so that the pole Balt, cum hurdle 13p becomes just a stepping stone. The tide has just firmly and decisively turned.
That would be true if the directors were free to buy but they aren't. One question on my mind - can Gavin Devine buy yet? He is due to join in July and I dont know the rules on this. If he can buy, then I would think he will come in strongly at some stage as the other directors cannot.
This will soar..................... the clock is ticking. It is so frustrating to see good progress being continually damped by one determined seller firing small lots into the market in succession. When complete, or the close period ends, the share will jump. Buyers will win in the end. This is a balanced business consisting of nine constituent companies NOT a one-trick pony.
Really doubt the seller is HH. Hales hargreave are not silly. They would sell to the directors instead of dumping shares like this. Clearly not Ruffers either as they do RNS. Buyers are in the wings but are happy to let share drift so they can buy cheap stock. Diectors will have huge orders come may. If a buyer wants a big stake here they may buy just before results.
Was again the start performer in 2015 where the weakness of the Australian Dollar took £110k off EBITDA.......... is no-one else noticing the significant reversal and strength of the $Aus that will increase this years Aus Ebitda?
The seller is machine-gunning shares into the market in small volume high-frequency bursts. We have a concerted buyer[s] who then jumps in and mops up the whole lot in a big buy. Normally this type of transaction would be done off-market but it looks as if the parties are acting independently here. We know HH have been selling down, but it looks increasingly like we have an unknown II picking up stock. Why an insto? - because directors are precluded from buying as we are in the closed period. I bet they are screaming buy......but they can't.
To accept future shares with the 'hurdle' set at 13p a month ago. That indicates a whopping vote of upside confidence from here. It's now more of a pole vault, but if they see it as achievable that's a whopping 250% increase from here - THATS why the buyers are jumping in.
The second wave came in from 11.20 and were also repelled and taken out with buyers in the wings. Battle of Britain equivalent going on here............... the buyers will win in the end.
That sentiment changed from negative to positive in a single trading session IMO looking at the sell-attack between 9.40 and 10.15 followed by rapid exchange of fire and the victory roll as buyers move in en masse.
That was the purge that was needed to get rid of all the negativity that HH selldown brought. The buyers are now in charge and we should now charge upwards. Far from being 0.375p down at one point, I think that this may actually be the day that Porta turned the corner and brought in a whole new breed of investors with vision. There- I'm on record as saying it...
We have a concerted battle Royal going on between sellers and buyers here. The volume is soaring and the buyers are now piling in to mop up the shares that presumably HH are letting go. Its painful to watch the price initially react in a downward drop, but I suspect the raft of buys now coming in will correct that. If and when HH are out, then we have a whole new spectrum of investors looking at the present and future prospects. Ouch but necessary.
well were now over 1.5m and -7%, some-things going on Ad.
This seems more indicative of MM rather than market forces as buys are mopping up sells quickly. Directors are powerless in this closed period prior to release of results, and have been previously prevented from buying due to their 'possible' acquisition intentions. They, like us, are just having to 'go with the flow'. I expect them all to have significant buy positions in place once results and progress is released in May and the share price could easily double due to its unsupportable depressed state at present. I believe that anyone buying in now will be very happy come June and that existing holders will regret not averaging down having done the research. Big b*lls needed when it does this, but the underlying business is reflecting strong progress.
looks a high volume day, someone wants out Sharpish or were doomed.
are we going back to 4.5p , not far to drop from here. i will wait now and if we do hit that i will top up maybe 4k to keep me close to the low SP. results next month need to be better than good.
so i just did, ye feel like im trying to catch that falling knife . :-(
The continued effect of the seller [probably HH but not certain] has caused a tide effect with smaller sellers aimlessly following their lead. The reversal, when the selling stops will be rapid and start to reflect the business underneath. We have a host of new 'bigger' business wins this year and Redleaf has been voted best of the year for the third year running. The February trading update was very positive for 2016 and nothing has been released later that indicates variance. We are in 'silly territory' where the performance of the share price is at odds with the progress of the business. A rapid reversal must surely precede the results due next month.
time for something Adastra. now even my av is starting to look overpriced. do i top up before britx.