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Note we still have at least 1-2 people/funds exchanging stock here. 225k swap in last few days. There has been no trades on ISDX for almost a week or so now. Pretty much no PI trades for last month or so. Seen it before May 2016 with HH buying 13 million stock in a similar way. They might still be buying? It won't be Gary Wyatt as he buys million blocks. Fidelity has been pretty quiet for years now. Ruffers tend to trade in large chunks. In previous RNS they suggested existing backers were happy to take on more shares. Most market funds at present are not really looking at Porta. Should see a flurry of holding RNS soon. Note also FT site now show Fidelity back at 16m stock. I don't think they ever sold any of their stock. Albeit they have removed the Ruffers second fund that had 5.7m stock. Not sure why. In terms of RNS today. Huge dilution. Loan rate reduce but not by a huge amount. Looks like some sort of merger with Sec in long term. I wonder if they will make an offer for Morton's stock at some point? Least with 3m Porta can deal with some of these future obligations. Be interested to see how the larger network helps Porta and Sec to secure bigger deals. Still talking about ebidta. Albeit revenue and ebitda up. Mixed kettle of fish. Directors 100% locked out. Still buying chunks in other firms. Likely other stuff in background going on as 80m shares yet to issue. Timing!
We have our answer to the exchange of stock......Bob doin his usual wheelin un dealin.....some serious dilution going on here folks......
As far as I can tell the increase in Bob Morton's trust fund and RGL is due to the shares issued from yesterdays RNS. The numbers add up exactly. Bob Morton is not the buyer of shares here. We knew there was some big dilution on the way. They told us 160m shares. So far they have announced 86+18+12+8 = 124m or so. So 36m more shares to go. Redleaf and maybe Singapore or HK? Unless there are more debt deals to follow. They likely delibrately left this to H2 so not to ruin the H1 results. The reality is Porta ran out of cash and now it is having to make deals/share issues at low prices. Still think Hales hargreave or another fund is buyer. Given comments from results about existing shareholders supporting it. They have updated the Porta Investors page to include Sec holding and the picture and description of the new director. They have not updated the holdings of the other firms. Not sure why. FT site is not updated yet either. Redleaf have scored a new contract. http://www.redleafpr.com/media-centre/redleaf-news/2017/august/redleaf-wins-consumer-and-trade-brief-for-london-southend-airport/ 'Guy Smith, Head of Corporate for Redleaf Communications, said: “We’re delighted to be working with such a talented marketing team at London Southend Airport, alongside the other retained agencies. It’s a very exciting time for the airport, which has the capacity to ensure maximum comfort and convenience for its guests. There are significant developments taking place over coming months as new routes to Manchester, Glasgow, Dublin, Malta and Sion are launched in the Autumn.” Redleaf will also work on building relationships with destinations to create future opportunities for the airport and its guests. Over £150 million has been invested in London Southend Airport by owners Stobart Group since it was acquired in 2008. ' .