"So where now? We expect the $300,000 to arrive a lot sooner than the “during Q1” Mr Couchman said during the seminar. Having been caught with his trousers down once on this sum we think he is underpromising to over-deliver this time. And we also expect other contracts to follow. On the maths Mr Couchman explained when quizzed by TW at the end of his formal presentation that makes the shares look cheap."
With the end of the 1st quarter 2 days away this is now surely a gamble on whether INC receive $ or contracts before the 31st. If not they will have to put out some kind of explanation for the delay, and if they do the SP will tank. I sold out a while back but kept an eye on it. There is really something wrong here IMO, if you don't get an RNS by 31st then huge drop I fear.
Adastra, perhaps my negative comments were a bit too strong. My view of Porta is that it promises much but has yet to deliver, only losses. I got to the point where I became impatient, it's just not visible and so any value has not come to the attention of PI's in general. I would expect given time that the shares will perform and it is still on my watch list for news etc. I sold at this time mainly because I have identified some good buying opportunities for good companies in the oil and gas sector. I'm willing to take a risk that the oil price may decline more but believe that the SP of some companies has reached a low. My feeling is that there may be a rebound in this sector before Porta finally comes to life. It's a simple as that. Good luck.
Adastra, I'm not going to argue with you about the merits of Porta, you have your opinion and that's fine. I was merely trying to point out to a new investor that he should be trying to draw his own conclusions. My reference to Paul Scott was simply that he sets out his views in an easy to understand way for people with little or no investment expertise (like myself a couple of years ago). I am not recommending that anyone buy based on his views just to use his expertise on what to look for. My comment about listening to morons on bulletin boards, by association, includes myself and of course you.
You would be foolish to listen to what anyone in here says about whether the price will rise (or fall). They don't know anymore than you do. What they have are opinions and like *******s everyone has one. This share has been ramped i.e. promoted, like it's the best thing since sliced bread but up until now has been a dog. If you are new to investing I'd stay away from bulletin boards like this, practice with a dummy account/portfolio or try some small investments in FTSE 250/350 stocks to get the hang of it. Read a blogger like Paul Scott on Stockopaedia to get some ideas about basics, subscribe to Investors Chronicle and read Simon Thomson to also understand basic investment strategies. But again DO NOT LISTEN TO THESE MORONS!
Disagree. This could easily drift lower as oil prices fluctuates. I'm waiting and if I miss an initial spike so be it. I'd probably buy at sub 4p. Great potential though but I don't think we've seen the worst.
fourteenhundred, presumably you are a long term follower. I bought in January so obviously quite pleased so far. Based on your experience do you have a target for this share? IC is saying 60p but I'm inclined to think higher, 80p maybe in the next 12 months?
Ruralpunter, no I'm not. I did hold a few but sold out a couple of weeks ago for a loss. I think this could end in tears but good luck if you're a believer. Support for this stock is based on a promise of $300k that seems to be lost in the post and some future contracts from an outfit in Canada that rely on them selling a new type of financial product.
I bought a couple more £1k batches first thing. I'm not sure why this has gone under the radar, terrific value here. The catalyst is the approval of the development plan IMO. I thought the interview with Estill last week put that approval in a favourable light and was emphasised in todays announcement. Expect some upwards movement on next news.
As i understand this is an out and out gamble on a company with no track record, no money, one contract (perhaps) and they may get a payment of 300k and some more contracts. Also any further business is based on an outfit in canada that is rolling out a new financial product. Wow i admire your bravery but at least someone admit that this is simply a gamble.