Member Info for Adastra

The two? pending system sales are the prime drivers for 2015 but additional revenue streams are imminent. In September 2014 an undisclosed multi-State US casino operator chose GameAccount Network’s Simulated Gaming™ launching early in 2015. In Australia, GameAccount Network has partnered with a consortium of land-based gaming venue operators to bring Simulated Gaming™ online in early 2015. Buy and hold for news imo.

Excellent news again. Exclusive Maryland contract. Next RNS should signal GameAccount going live in Australia which is imminent and should give another welcome leg up. One or two system sales are also overdue and could complete anytime with subsequent hike in revenue. We are offering a unique platform that increases traffic by a significant factor, we have only operated in regulated markets (ideal for USA), and we will not compete with the users of our platform. 2015 is shaping up nicely as both the USA and Australia come online this year and the prospects look excellent for GameAccount.

In Nov/Dec/Feb - now's the time that all the statistics kick in and support the graph back to new highs. Everything is in place for a rerate as investor interest starts to focus on this little gem for 2015. Patience is the key as Sanlam now does the business and promotes us to a wider audience for their maiden 11p target [and beyond]. Wait for the upgrades as Spring unfolds and the real benefits of integration kick in. Buy now and sit back; you won't get a better entry price - 0.05p cheaper than the recent £100k purchase by Brian Blasdale and a full 1.75p less than the CEO. The future is bright.

Excellent news for likes of Gama https://uk.finance.yahoo.com/news/private-jets--who-takes-them-and-where-123304160.html

50% upside from here from existing prospects alone. Add in all the integration benefits and end of cash-burn and we can easily hit £1.5m profit by June 30th rising to £3-4m for the full year. Prospective p/e............. 5. Too low.

http://www.prweek.com/article/1333491/portas-amazing-share-price-holds-back-acquisitions-says-ceo-david-wright?DCMP=EMC-CONPRWeekUKDailyNews&bulletin=uk%2Fprweekdaily In view of this and Sanlams conservative 11p target I think you can safely assume that a major self-promotion PR campaign is imminent. We have the momentum in everything BUT our shareprice. The business is thriving and achieving fee income growth way above one industry norms. We urgently need an investor teach-in programme or roadshow to gain more institutional exposure. Time to use our great PR strengths to reflect our own progress methinks. I am sure this will be paramount in the CEO's agenda as it is fundamental to our acquisition strategy. Great share - phenomenally good value at this level.

One Voice - Singing in the Darkness.............. Del Boy/Fatal Extraction. Trust me Rodney, one day we'll all be........... And he was correct incidentally. Buy now, play later as they say.

Bargain basement price. MCap now laughable under £20m with 2014 turnover of around £32m and GProfit £22m! The GP is now greater than the MCap - clearly ridiculous given the cash generation going into 2015! Answer - Buy now while stocks last.

Hi Gotrader, it was a historic technicality relating to Armour group in 2011 and doesn't bear any relevance here. It's not effectively possible to short shares with an MCap of £20m so that is not an issue. This is purely down to a single 'distressed' legacy seller who will hopefully clear soon or be 'bought out' by a friendly institution. I am surprised that the company brokers have not 'matched' this seller with one of the [many?] Australian institutions wanting to buy into Newgate Australia [via Porta] given its growth escalation. David Wright is a seasoned CEO who must be weighing up all options. He has clearly stated that share dilution at this level is not going to happen as his average price is 9.2p. I am sure that the sentiment will quickly change and the upside will be immediate and sustained when the matter is resolved.

Despite the 2014 results being achedemic the last trading update indicated that revenue should be up 30% yoy that is between £31m and £32m with gross profit [fee income] doubling to £22m and EBITDA turning quickly as cash-burn effectively finishes. So we have a £20m MCap company with £30m+ turnover giving £22m gross profit with industry beating multifold rises in fee income growing by sustained organic growth. This is not a one-trick pony in a single jurisdiction as Newgate Australia, in particular, is achieving phenomenal recognition and growth. Sanlam are conservatively suggesting our price should be at least 11p to reflect this and ALL directors have bought wads between 7.5 and 11p. Am I missing something, because on all parameters this is an absolute steal under 10p....................am I still buying and tucking away?..............bet your socks I am. When this eventually reaches a wider audience it must rerate.

For those who haven't seen it; this accompanies the 11p target recommendation http://www.proactiveinvestors.co.uk/companies/stocktube/3521/sanlam-securities-analyst-tips-porta-communications-shares-to-rise-3521.html

we need a new or existing insto to take out the distressed seller to let us rise to our true value. It is bizarre that all the good news is being KB'd by a legacy seller with 25 and 50k blocks. Once gone, we rerate on fundamentals. A forward p/e on good trading of 5 or 6 is too low.

Ached emit = Achedemic!

Totally agree. 2014 results are ached emit and will show transitional year from cashburn to cash generation. 2015 should see strong cashflow of at least £2m with £3-4m being achievable with the traction of critical mass now in place. The market is totally discounting a forward p/e of 5-10 given strength of earnings profile. Sanlam admitted being conservative with a target price of 11p and I'm sure realisation of the upside here should kick in soon. We need to shed the traditional image and show that we are a vibrant Marcoms with fee income growing at a significantly higher level than our peers. The ability of Porta to substantially outperform the market from this level is significant. We have a strong repeat and new business income stream and one subsidiary, Newgate Australia, is currently probably with more than our whole £20m MCap. The frustration selling will soon stop and the rerate should be quick and sustainable. Patience is the key as the institutional support is strong.

I've just topped up again on this under-researched undervalued gem. The current MCap is virtually covered by Newgate Australia alone at this level and upside from here to Sanlams 11p target is 50%. Quality and value of the acquired and organically grown assets plus the achievement of critical mass as we exit cash-burn is compelling. The management, particularly the CEO, is first rate. They know the business inside out. Quality will shine through and the rerate is now well overdue. Scope for upgrades in 2015 is considerable imo.

Porta owned Newgate is ramping up business and this must surely start to focus investor interest amongst Institutional Investors looking for solid growth and recurring income streams. Peer-to-peer lending vehicle VPC Specialty Lending Investments, which is targeting a £200 million float on the LSE, has appointed Newgate to handle its UK financial and corporate PR. - Newgate was appointed following a competitive pitch, and will handle the comms around VPC Specialty Lending Investments' intended listing as well as being Victory Park Capital's retained financial and corporate advisers in the UK. The company aims to list on 17 March 2015, with the intention of raising £200 million to invest in opportunities in the specialty lending market. This is a really prestigious win for a company valued at just £20m and clearly emphasises the leverage that we now have within Newgate. CEO David Wright is now 3 years into the buy-and-integrate strategy that was his vision for Porta. Don't underestimate the potential, between 1997 and 2003 when David left Incepta he built the largest international financial communications company in the world through a series of key acquisitions and an active recruitment programme. Groundhog Day.

The directors would have been closed out prior to their chases of PPS and Publicasity in Nov and Dec and that would run into the current closed period pre-results. As to dofferences between director and NED restrictions I have to pass. Notable that all directors have been serial buyers for last year with no sales. Most have purchase prices of 10-11.5p. The fact that the entrepreneurs who have sold businesses to Porta have all accepted shares at par value 10p is highly significant IMO. These were strong businesses with mercurial leaders who will enhance the overall Porta team.

Surely this is a significant revenue stream and not RNS'd in December - Atkins and Gama Aviation have secured a five year contract to undertake Airworthiness Reviews on behalf of the Royal Air Force which will help to ensure that RAF aircraft are airworthy and fit for deployment whenever they're needed most. The Atkins and Gama Aviation team have already been mobilised, with delivery of the service now well underway. Along with the other cash-generative business, this must leverage eps to excess 22p nearer 30p for 2015. P/e of 10 too low.

This must surely now start to attract investor attention given all the positives. There is huge room for upgrades throughout the next financial year. Sanlam has done all the spadework in its maiden broker recommendation with a good albeit reserved synopsis and target of 11p which should be comfortably achieved by the interims.

Think you've hit the nail on the head Gotrader. The 2014 figures to be released next month are really achedemic as the Porta that moved into 2015 for year beginning Jan 1st is a critical mass company. The first six months should see rapid assimilation and skill deployment of PPS and Publicasity. This is already showing traction in the two recent substantial contract wins in month one. The buy-and-integrate policy will quickly dilute the HQ overheads given that PPS and Publicasity bring combined historic profits of £1.25m on board and the cost of dismantling the legacy LLP structure falls away quickly as we go to 2016. Given that the General Election plays directly into the strengths of PPSs' reputation management strengths I think it reasonable to expect a good upgrade in work in their sector. Cross-selling and provision of comprehensive multi-media PR packages are the key differentiators for Porta. With a fair wind, increasing company budgets, and a general election, H1 has the elements to pleasantly surprise. That would give H2 a clear run into the promised £50m MCap company envisaged by David in 2012. Sanlam has set clear and achievable goals for Porta, it is now up to the team to prove they have the capability to deliver - Newgate Australia is also a powerful antipodean engine to sercharge the prospects. Looks good, very good.