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The 50d ma has dropped through the 200d ma - expect volatility

Another director buy following results takes CEO share to 1.25% http://www.investegate.co.uk/porta-communications--ptcm-/rns/director-pdmr-shareholding/201505291123556416O/ Not a huge buy like BM's 2million yesterday but directors have all been consistent buyers since 2011 - no sales.

Yep - this underpins DWs comment that there would be no share dilution at this low level - fully supported by chairman Bob Morton. I believe Sanlam will now embark on an aggressive promotion based on Porta exceeding their EBITDA expectations by 20% in short order. It is vital we sell the rapidly unfolding growth story to II's as we have effectively shed all the legacy costs that were holding back the share price. Expect interest to increase as the year progresses and the next trading update (around AGM time June 25?) should finally put dissenters to bed. Even a slight change in sentiment on this oversold and under-researched share should have a marked effect on our price and therefore MCap.

I think that the 2.3m share transaction is excellent news - I suspect that it's the rump of the legacy holders shares and has been on the books suppressing the shareprice for weeks. Now that it's clear, I think the price will finally rise to a 2015 high. I am also hoping the 8p buy is indicative of that upswing as MMs cleared the overhang. We'll find out tomorrow, but given the excellent prospects for 2015 it's pretty certain that existing iIs and directors will be buyers and not sellers. Onward and upward.........

Dr J - I have to disagree that 'there must be better opportunities out there'. Porta is under-researched and oversold. This is a growth share that is about to lift off. It has taken DW a year longer than expected to achieve critical mass with the UK arm. The larger-than-needed HQ was taken on in advance of the PPS/Publicasity deals which took nine months longer than expected. We got them at a really good price bringing in 2015 proforma profits of £1.3m+ but had to cover the £1m deposit on the HQ (held in escrow). The HQ is now fully occupied and the synergies within Newgate are really gaining traction alongside the centralised cost savings. Our fee income growth is an order of magnitude greater than our peers and we have no bank borrowings, just third party related debt which can be rolled over. 2015 is the transformation year and I suspect DW will be over the moon when he gives the next trading update. THAT will finally kill off any dissent. I expect that Sanlam are already rolling out the investor visits and the shareprice to respond and rise accordingly.

To highlight the attractions of Porta 2015 to a wider audience of Instiutions - come on Sanlam; time to earn your fee.

Sanlam pencilled in adjusted EBITDA at £1.8m for y/e 2014 - it came in at £2.19m - that's 20% higher than forecast. I expect red to turn blue as the analyst projections kick in and the non-recurring items are stripped out.

should now be kicking in as we approach mid-point year 2015. We are past the 2014 year of peak debt which should be falling rapidly given the shedding of legacy issues which impacted last year. We have no bank debt, just a discounted bond of £2.8m and a £3m loan which will be rolled over and £1.6m loan notes for PPS/Publicasity to be paid down this year. The sellers today are looking at historic figures that bear little resemblance to Porta 2015, when the penny drops, growth investors will arrive in number and the price will rise. Oversold IMO and a great entry price.

We obviously have a seller(s) wanting to release stock on news which depresses the price. Once this has cleared, we have clear air to reflect the prospects of the group. It is taking longer to clear the overhang than I expected, but the underlying business is an order of magnitude stronger than the 2014 figures suggest, good though they are. It will re rate, just a matter of patience and time.

Hi Jolly. I'm working through the figures - suffice to say, last year included startup costs, legacy LLP costs and the £1m upfront HQ cost for the integration of PPS and Publicasity whose purchases were delayed. We are 5 months into 2015 with all divisions now profitable and we are not shackled by all the 2014 costs. That should give us a run into clear profit this year of £2-3m. PPS and Publicasity earned £1.3m profit pre-purchase and centralisation has massively reduced overheads for all parties by reducing fixed overheads. Sanlams was very optimistic regarding upgrades - they see the synergies. The Conservative election victory has produced a raft of delayed IPOs and reputation management demands are increasing playing directly into the forte of PPS. It's frustrating to see the shareprice languish, but it will respond to the impressive growth sooner or later. The current combined price of the assets is way above their perceived value.

Go to the porta communications website and listen to the Proactive Investor interview and the PR Week comment. DW gives a strong case for investment, rules out any share dilution at this low price, and reiterates future optimism for the combined group. The downside just got its legs cut off, the dissenters will vanish, and the growth-stock investors will begin to climb on board. If not now, then over the coming months. The nadir is now firmly set and all the legacy/startup anchors have been cut away - let's roll on the back of a very much improved PR outlook after the election victory that heralded growth.

At least this is clearing the dissenters - the 2014 figures were academic [as I have stated frequently] - the first 5 months of 2015 are the ground-breakers. We will shed virtually all the legacy start-up costs and LLP costs in this financial year. Strip them out; add the peer-beating growth and Porta 2015 is a profitable and growing communications company as DW will, no doubt, point out at the AGM and accompanying trading update.

Headline EBITDA was nearly three times higher at £2.2 million once the exceptional costs, particularly start-ups, are added back. Many of these exceptional costs will be eliminated in the current year. ....... Especially the last sentence

Hi GT - TTMV was the only start-up that was having a negative effect on earnings. Converse to thinking, by closing TTMV and transferring the profitable work and client base to Summit transformed the earnings profile from a cash-drain to a cash contributor. Divesting the legacy LLP structure will save a packet this year and the 'one-off' centralisation costs taken in 2014 have now gone. All parts of the business are now profitable and we own 100% Newgate. Looks set for a very positive 2015 as organic growth is now entrenched and great to see Pubicasity and PPS beating budgets. I expect we'll see a start-up operation in Paris this year but we have reached critical mass in the UK and that was pivotal to the £50m MCap plan of DW. I expect a strongly positive upswing in the shareprice over the next 12 months tracking Sanlams 11p target.

Outlook · Strong first five months trading · Organic growth expected to comfortably outperform sector in 2015 · Exceptional costs to be significantly lower in the current year · Recent acquisitions fully integrated and making excellent contributions to Group

Excellent results and growing very strongly. First five months 2015 off to a flying start AND we now shed the legacy LLP and start-up costs - all in place for a big profit hike this year especially looking at 33% rise in income per employee. PPS and Publicasity successfully embedded and we now hold 100% Newgate - interims should sparkle and vindicate Sanlams 11p near term target. Oversold.

Thursday's the day of the results. I'm expecting around breakeven for year ending 2014. The early year acquisitions and organic growth will be moderated by one off centralisation costs and shedding legacy LLP structure so it's achedemic. This is DW's opportunity to really give the price a serious upward inclination. We know the purchases of PPS and Publicasity came too late for 2014 but they kicked in from day one 2015 - THAT is the key to everything. Porta 2015 is unrecognisable from 2014 as it has now achieved critical mass UK. We want solid facts on progress and escalating fee income for the last 5 months. We are getting market share and accolades but we need confirmation that fee income is still rising strongly above our peers. The lack of any negative RNS looks very positive, as does the raft of director buys in last 12 months but the proof is in the outlook (particularly cash flow from jan this year). David needs to convince new IIs and PIs that Porta is escalating rapidly and put meat on the bones of fee incomes across the group. I suspect Newgate Australia will have been the star 2014 with Newgate UK hitting the headlines this year. All IMO, but the Conservative win and increasing business confidence bodes well for increasing PR spend and reputation management projects. 2015/16 should also see us open a new office in Paris with (hopefully) good news from operations in Bejing. We are strongly, if slowly, winning the war on the doubters. When we do, the share price should recover lost ground very quickly given the prospects in the industry. Either way, Porta looks oversold for a growing multinational communications outfit with strong branding.

Never thought of that Gotrader - cheers. Hope you're right on the swing to profit - that would really ice the cake with a strong first four months into 2015. I'm still inclined to breakeven as we finally shed the LLP structure and incur centralisation costs. Either way, the current performance and outlook are the key with some good mandates already won - Blu contract, Turkey and St Lucia PR campaigns and Silvertown brief that we know about. I am hopeful that Sanlam are lining up a new institutional investor on presentation of the results - I'm sure they've done the legwork and presentations :) Patience is key as we bounce between 7.5 and 8.5 waiting for the breakout.

Who the heck sells two lots of 400 shares for £29.00?? Surely we must start to get some real trading buys on the back of this.

Inflection point!........................... hopefully