RE: Adastra13 Feb 2015 15:01
Hi alw51, there has been a legacy seller for some months. Pretty sure its not an insto - I am assuming that its one of the pre-Porta directors involved in 2010/2011 - no longer active but selling down for personal/financial reasons. The sooner he clears his holding,which must be very, very close imo, the greater the chance of a gap-jump. I listed the various prices that David Wright had paid for his shares and it averages out at 9.2p from the inception of Porta the marcoms group. The biggest reassurance in Porta is that shares have never been issued below par 10p for acquisitions and David sees no reason to change that [check the latest excellent interview with Proactive that I highlighted earlier]. The quality of the earnings stream is excellent moving into 2015 as he openly expresses that we have transitioned from cash-burn to cash generative. Agree this is a five star growth stock and promotion to a wider audience will certainly enhance the shareprice and by extension, the ability of David to move into France and expand China. Looking very strong, especially as the London team gels and cross-sells.