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Crikey, there really is no pleasing some folk. Setting the 'hurdle' at 13p is well over the 10p par value and it is only when that 13p has been exceeded that these payment options kick in. The share price is currently 6.50p and rising on the back of this incentivisation. So what is your alternative plan - Increase director pay with NO incentivisation?? Time and again it has been proven that deals of this type are highly productive; not least for existing holders. If it means that the shareprice moves up to reflect the increasingly positive prospects, then I'm really happy, why wouldn't I be. And as for new investors getting on board now...........Great time to do it IMO. If you're unhappy df, you always have the option to sell...................or wait and see 13p plus exceeded............... I think it will happen a lot sooner than you think.
This is totally taking the ****! So basically the lucky few get rewarded for getting the share price back to where it was 2years ago?? Adastra - you are deluded beyond belief. I reiterate to anyone looking to buy in here.....DON'T!!!!!
Slow and sure rise in the ask as the substance of this RNS is read.
Lots of buys coming in now - certainly appears to be winning the seal of approval!
This is clear pathway for building a successful £50m plus company. The incentivisation plan is structured perfectly for existing shareholders and aimed at those directors who can directly drive it forward. The underlying business is sound and progressing strongly and the goal to double the shareprice [and more] is obviously within reach. When so many AIM stocks repeatedly dilute out existing shareholders, Porta has shone like a beacon to investors. David Wright has NEVER issued shares below par value 10p and has honorably stuck to his promise. We really should salute those AIM execs who, despite the market sentiment failing to rise with rapidly increasing prospects, do not start issuing paper at the drop of a hat. Top marks Porta for continuing to come up with ground-breaking schemes like the inclusion of Capital Access in HQ in exchange for 29% shareholding. It is this sort of creative business planning that justifies faith in management when frustration at the low shareprice would phase others. I am more and more convinced that 2016 is the year we actually 'detonate' in the PR communications field. With Gavin joining the bridge in July, we have a great team-building crew at the helm.
Very fair and sends a strong signal to the markets. This is an excellent incentive plan as it includes a 'hurdle' over 50% above the current shareprice. Noticeably, it's aimed specifically at the business creators of CEO, CD, MD and FD with chairman Bob Morton not included, but probably driving it. This is a real vote of confidence in both progress and ability as acceptance indicates that this is clearly achievable. It recognises that all Porta holders will benefit by this incentivisation and continues the long-standing promise of DW NOT to dilute out those who have supported growth. Happy to vote yes on this.
is this the news that will kick start the SP. The hurdle equivalent to a market cap of £36.3m . About time. GLA
Great to see Steffan engaging with so many people. This guys enthusiasm is transforming Porta http://www.prmoment.com/3372/positive-thinking-from-steffan-williams.aspx The 'Steffan Effect' gathers momentum...... Definitely a can-do company. Enter Gavin to help spread the word. Porta 2016 is going places..
2 RNS which neither really affected the company. I think most knew about Alenby. 2 small buys on LSE. Nearly 164k sold on ISDX. Hence why were at 6-6.75p now. Still not quite breaking free here. Unless HH have stocks sold by ISDX now?? Probably private investors bailing. I still don't get why they would want to at this price. Probably won't get much more news this month. See what Monday brings. The II seem to be taking a rest here.
RNS. Allenby officially appointed. CAG had kind of already announced this
If you look its actually an internal circle as Bob [Hawk] is the biggest shareholder. Not really relevant here as he's been a long-term supporter of a myriad of smaller companies over the years - Cryptic was a Dotcom entity set up in 2000 that didn't have the legs to go beyond 2014.
RNS is out regarding Bob Morton old company. Hopefully Hawks holding company have the money to pay the creditors.
Did you site Glencore as an example on purpose? Like it. Reminder to new investors. The first commission that Steffan Williams brought to Porta on his appointment as MD last year was Glencore. They were languishing at 80p and totally unloved by the market at that time. Porta's remit was to improve investor communications. Six months later the price has doubled and investor sentiment has completely reversed. That's why I really think HH should wake up and smell the coffee as 50% upside here is easily achievable this year. We have transformed from cash hungry to cash generative and the bigger contracts are indeed flowing in eg Samsonite announced this week.
Not so crazy for HH. They indicated it was one of the worst performers their portfolio. They want a quick return on their investments and they gave Porta 2-3 years with no real return.The market recently has made a lot of shares cheap to invest in. HH was probably keen to snap up some of these bargains for quick returns. Look at Glencore?? Has doubled in value. Not sure if they bought shares in Glencore. Just an example. My view is the directors are happy for them to drip feed shares for now while they arrange these acquisitions and the 2015 results come out. At which point the directors will use the low Share prices to fill their boots. They will also have a good idea of 2016 performance for first 5 months. I think they have played this perfectly. They will probably also announce a new II in due course too maybe before the results. Someone else is building a position here. Last few months have showed that. See what happens.
HH will be down to 4% or less now If they are the seller. Too small a holding for an ii. As for the exec vacancy this was to fill post for someone who announced they were moving to another firm. Story was on Gorkana. I assume it is the same role.
Had a serious rethink about its investment policy. Porta 2016 is a totally transformed business to the one it started to divest from its VCT funds in 2014. Time to look at the 5% holding you have and what its value will be in 12 months time otherwise you'll look like Gordon Brown who sold the British Gold reserves in 1992 at $200 an ounce. Wake up and smell the coffee.....
Redleaf-Polhill working flat out with results season well under way; PPS books will be full engaging and consulting with politicians and companies on the implications of possible Brexit; Newgate communications with its finger on the national and international pulse at this time of heightened European awareness.............. It's little wonder that Capital Access have initiated maiden coverage on Porta at a time of massive importance for Communications with Impact - just what we do!
Given the sea-change that appears to be happening under SW and the influx of new bigger contracts I think HH may well rethink their policy on Porta. We assume that the original reason last year was to divest Porta on the fact that it no longer fitted into their VCT funds but it is becoming clear that Porta 2016 is evolving quickly. If that is the case, they may well switch-fund Porta and retain their existing 5%? in a growth fund since that is where it is heading. It seems crazy to sell at the nadir when this looks to be a clear inflection point given the newsflow. Any subsequent rise would then reflect strongly in HH growth portfolio. Just a thought, because if HH sudenly stopped drip-feeding shares into the market, demand could certainly squeeze share availability.
The underlying growth indicated in the last t/u continues apace with yesterdays ad: NEWGATE LONDON LOOKING TO HIRE AN ACCOUNT MANAGER/SENIOR ACCOUNT EXECUTIVE. The traction of pulling in bigger remits and contracts under Steffan appears to be accelerating. Great news for cashflow and prospects.
If an ii is buying in here my guess is they are having to sell another stock to buy porta shares. Hence this gradual process here. Same would be true for HH. Notice that 100 trade again today. They are back at it. Probably start again today or tomorrow.
Yes Adastra, that does deserve a smile. Looks to be same buyer but can't be sure. Certainly offset the 200k sell yesterday. A small buy on ISDX pushed us up to 6.5p. If HH have 10-15M share left then that is at least 1/30 dealt with. My gut is the share will recover sharply when the big seller is done here. Were these trades today planned or due to CAG report?? Let's hope this is the sign of an II dipping in here. My gut is an II has been buying in here as someone as consistantly been buying in resonse to the seller. Wait and see what RNS comes. Were not out of the woods yet.
When you look at the prospects - great to get a Proactive player on the scene - thanks to Capital Access for highlighting just how oversold Porta is. Think we can manage a wry smile GoTrader?
500k trades. All buys from what I can tell. Might get an RNS soon if someone passes 3%
Check the EV/EBITDA projections. Average for whole market for 2015 was 14.9; anything better than 10 is pretty good. Porta looks ever stronger as we roll out 2016.