One thing I can't find out23 Feb 2015 09:36
The buying pressure has been quite sustained albeit spasmodic in quantity over the past few weeks. We're it not for a legacy seller the price would be substantially higher. I can't figure out who the guy is. It's not a current director as they've all been buyers for ages now. It's not an Institutional inv as they are very supportive of our growth strategy (why we are on AIM) and no thresholds crossed. It has to be a 'stale' holder from 2011 in my opinion, who is selling (must be at a loss) for personal/family/commitment reasons. It is noticeable that the block size has reduced markedly from 250 to 100 to 40/25k recently so I assume he's close to clearing. The blocks have quickly been taken up by purchases or MMs and liquidity in 100k is still strong so once cleared, we should have blue sky to par value at least. The stated transition from cash-burn to profits (check the last CEO interview) is fundamental to the buy-and-build strategy strongly aligning with the intrinsic organic growth and this is all coming together in current H12015. The 2014 finals, whilst reassuring, are ached emit since Porta 2015 will bear no relationship to Porta 2014 in either size or scope. Release of the finals 2014 will not reveal any major facts that we don't already know BUT the 2015 outlook and H1 2015 figures will ignite the price, on that count I am pretty certain for all the reasons stated in my last n posts. Porta will not stay below its par value of 10p for long.