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The multi-billion pound Glencore engaged Porta/Newgate in October as its shareprice floundered around 80p to engage its investors and improve sentiment. It has staged a remarkable recovery and now trades at twice that level in just six months despite being in a battered sector. This is a great accolade for Newgate and should prove powerful leverage in the bid to win larger clients.

The value of acquisitions alone [excluding TTMV now sold] totals £21.5m - that is without any of the significant cash raised and used for start-up ventures like the fast-growing Newgate Australia. From February we also now own 100% of Redleaf and its income. It really does make you agree with David W that the company is massively undervalued at this level.

Buyers in the wings now picking up small blocks. Hopefully this will escalate as the mood and sentiment changes. Porta are doing all the right things and the fact that we are picking up savvy management speaks a lot for the direction in which we are heading and the momentum we have as a business. Not yet reflected in the shareprice, however.

No apologies required, I respect everyone's opinion and you have extremely valid points, nice to discuss.

We're picking up the market movers to make team leaders. http://www.prweek.com/article/1385770/mhp-chief-executive-gavin-devine-join-porta-new-coo-role

Williams added that Devine's hire should serve to illustrate Porta's ambitions. "Senior people only move when they can see there’s a platform," he said. "I take this as a signal that the market is saying, Newgate after just four years is building a significant platform."

Not being reflected yet in shareprice performance http://www.holmesreport.com/latest/article/gavin-devine-to-depart-mhp-for-senior-role-at-porta

Continue to unwind their VCT holding..... At least it will allow opportunists to pick up their shares at this low level. Think we'll all cheer when they p off and allow the share to float to its true value. It is really frustrating that we do not have a good proactive broker working to entice the II's out there to buy in now. There is nothing Porta can do other than keep working away hard to display progress in results.

The weather outlook is excellent for Kosovo with temperatures substantially above normal so the quarries should be operational early and access good. This bodes well for a strong start to the year.

That's a fairly comprehensive and balanced view of where we are now and how you see progress. Neat and logical.

I think this is a perfect time to average down with an aim to getting your average to par 10p. I smiled that GT has mirrored my own actions as the past two year expansion has progressively reduced risk. We now have a multi platform offering for all sizes of business. We are not reliant on any one client, any size of client, any one area of business or any one region. This is what DW wanted and has achieved. His four year vision was for a £50m company growing strongly and the delay was waiting almost a year to get PPS and Publicasity at 'the right price'. Given that Bob Morton invests with a view to a minimum threefold increase on his investment the ultimate goal is a growing stable operation with a price around 20p. The current recruitment of highly competent management is succession planning towards that target. We are on track albeit a little behind initial forecasts in 2011/12.

I expect an RNS within the next week on the basis of the three points mentioned. Totally agree with previous poster. The marble is there and on site. We have capacity to supply block in quantity and finished/polished marble by beginning H2 in July all being well. I am assured that Fox did due diligence on Eboracum and the quality of the consortium of high net worth individuals behind it, therefore I see no issues with them - there may be a decision to pay all the €2m up front for delivery later this month rather than split but that's acceptable. Chinese New Year has just ended so are ZSC of China coming back to scale up or do they lose exclusivity; either way, news will take away doubt. And finally, is all machinery on schedule, on site or in transit to complete the finishing operation. The markets for good quality marble are out there, FOX has low overheads and first class range of colours. The buyers will be queuing up by the end of the year. Also news on renegotiation of the Amati loan will increase interest. Lots of news to come - soon. To be marked down 9% on minimal volume may prove premature.

I can grasp your deep frustration at this silly valuation but I'm sure that it will rise when the seller says bye bye. I went to last years AGM and met the BoD again. DW's as vexed as you but there is little he can do. We have now reached the stage where we should see the cash flow positively. And now we must step up a gear to send the message loud and clear. The landscape is geared to our strength - 2016 will evidence. That as we turn this vital page it is the year we come of age. 14p may be 12 months away but I think you'll be more than happy to keep hold by then IMO. It's also worth noting that most employees hold shares as incentivisation.

I'm certainly no poet, but then I guess you know it. I just think prospects looking good and Porta's strength's misunderstood. By centralising all the teams the future's brighter than it seems. As overheads and one-offs fall this years the one we scale the wall. The wait's been longer than i thought but that's cos two more ops we bought. I think DW has been clever to bring in Steffan as it comes together. This is the year that cash should flow as legacy stale holders go. And now that Gavin's in the team we're stronger than we've ever been. Our fee income gets ever stronger; the client list gets ever longer. If instos don't take notice soon, they'll miss the boat ....... 10p by June.

I posted on fox in 2012/13 - I invested initially on first Kosovo quarry and sold later on permit problems with authorities - long since resolved. I had a chat with CG at the time and was invited to see initial samples in UK. I have watched missed timelines go by and the past 12 months has been fraut with problems: many outside fox control. I have reinvested on the back of the points in my last post which is why I do tend to disagree overall. You have very valid points which may well come home to roost, but any positive RNS will bolster the price and there are 3 possibles. I respect your views, but please, a lack of posts does not mean this isn't either in my pf or on my watchlist.

Strong management team being built up here - succession planning in action. DW has built Porta from the foundations up with his seasoned and competent approach. Bringing in Steffan and now Gavin gives a strong business real positive momentum to grow into the next stage. Metamorphosis in action as the dragonfly evolves. Time to fly.

I suspect that we have three items of news queuing to the fore. One being receipt from Eboracum and release of marble [probably as 2 coincident payments coming together in this quarter]; a post Chinese New Year delegation to inspect recently opened Malasheva facilities by Zhong Shengdestone Co Ltd; and confirmation that all required machinery is onsite or in-transit for finishing and polishing facility to commence July this year. Thats how I see it panning out at this low level to extract maximum effect................but I could be wide of the mark. The quality of the BoD and supporters is such that commitment to schedules is now paramount to credibility.

Its logical to assume we should start getting attention from a few financial journalists nosing around. Any increased interest more than welcome. Little gem getting bigger.

Getting the 'thumbs up' of approval with this appointment. Hopefully this is the point where we actually start to hit the radar of bigger investors who want a piece of the action to come. It does make you wonder where these potential growth investors are looking to have ignored Porta thus far. Its so easy to miss the boat when appointments of this calibre are an early indicator of underlying traction. Keep the faith.

Certainly seems to be cementing the view of strong underlying growth despite the current low MCap. It will only take a few institutional entrepreneurial souls to see the rapid change that is happening here. Porta have gone from a four year cash-consuming acquisitive business to a maturing organic growth profile business with critical mass. The pivotal point is now happening with senior execs wanting to jump on board this fast-moving ship. The quality and track-records of both Stephan and Gavin are indicative of the horizons they see appearing here imo. I maintain that, given the political landscape, we are in pole position [especially with PPS] to reap the rewards and 2016 is the 'transformational year' that we've all awaited. The patience is paying off and will allow more hungry players to join the business and that will refuel the acquisition trail after a short break in 2015. Onward and upward.