Member Info for Gotrader

Thank you for that clarification. I assumed the results for the new Acquisitions would get added to PTCM for the year. If it is just for period of where they were taken over then they will add little to Porta's results. This also explains the difference between mine and your result expectations. Qu. I assume both the firms would have to issue their results seperately or Porta's final results would include some note on how these 2 firms did for 2014? It may well we have to wait till September to fully know just how well things have been going for the whole business. This also shows why 2015 results will be trully important for Porta.

Yes lots of possible things going on here and all speculation to who the sellers are to date. (Including the possible dumping of stock by an employee (According to Pelliot). Of course some of these sells may of just been private investors.) Sell price has gone up a bit today to 7.94. Buy price still 8.3. I am with you on this gap jump Adastra. Especially with the sell price rising on a seller's market as the MM try to fill buy orders. I think the market expects strong results and those in the know are playing their cards now. The seller/s naturally taking a chance to clear stock. Fingers crossed on a institution coming on board. The results will be interesting on many fronts. What will the revenue for year be? 1st half was 16m. I would expect second half of year to be at least 10-20% ahead of this based on trading updates. So 20M for 2nd half? Plus revenue for the 2 new purchases? 8-11 million? Could we see revenue at 43-50M? Almost double revenue from last years results?? This backed up by 1M-3M profit would give good cheers to the market. We know the 2 purchases were already adding 1.2 Million profit in 2013. I would anticipate this figure to be higher this year. DW said these 2 purchases would transform the balance sheet. We may be about to find out by just how much. The key thing here is the company could be about to turn from a cash burning company into one that could turn a profit. As Pelliot keeps saying people want to see Porta making cash!!! When that happens the market will suddenly takes notice.

Been 2 large 114k/115k sell trades on ISDX. Just noticed a 173k sell on LSE at 16.21hrs. The interesting point is the sell price went up after each trade. It could be the LSE trade was delayed? Looks like the market makers are still trying to fill a large order. The sellers probably know this. I found this article yesterday. http://www.cityam.com/210557/ex-zeus-and-threadneedle-bosses-re-emerge-advisory-outfit - Could GH be looking for funds for these new ventures?? Lots of interesting things going on here. Still no idea why anyone would be selling now.

I think it is just Hargreaves who have very limited stock. This could be because they use ISDX where other brokers like TD Direct probably go through LSE. Still you would expect ICAP/ Hargreaves to have stock of most shares? It could also be that shares are being held back to fill orders for private investors?? I am expecting a lot of activity before the results. There seem to be quite a few people expecting a rerate and this could influence the Sp in next few weeks. My estimate is 5 and a bit weeks till the results. Maybe we will get an RNS to announce the date in 3 weeks like last year?

Went to top up today and now I am getting message a live price is not available. Very strange! Must be very limited stock in the market place. Is this a normal message when trying to buy shares??

Interestingly a friend of mine was trying to buy Porta shares on Friday. He tried. 28k, 10k and 6k of shares on hargreaves. (Number of shares.) Hargreaves would not offer him a price. He could sell at 8.16p. So there is no shares to buy??? So how can the share go up???

10p hmmmm. (That would value business at 25 million.) The issue here is the seller. If these rougue 15-20k trades are the seller this might hold back any 10p price. The big fear for me is come result day we get a string of sells again. The seller does/did like to wait for peaks before dumping shares. The difference lately has been the buys have greatly outnumbered the sells mainly due to director buys and market following the directors. So this makes daily 50k or 100k sells less likely. Yet larger buys more likely till the share hits its true market value. Assuming the seller is almost cleared you then have to ask what is a reasonable price for this share. The broker suggested 11p based on a conservative estimate. So 27 million? What data would they of had for this??? Do they get given company accounts or just base it on market data? I found this. http://www.thisismoney.co.uk/money/experts/article-2687647/What-does-target-price-share-mean-long-I-wait-hit.html So they can't use profit or dividend. They could do value based on each division? Or a discounted cash flow? You compare revenue contrasts with Huntsworth and you have a firm stagnating vs a strong growth share yet both shares are dubdued. My gut feeling is the share is only below 10-11p due to the dumping of shares. Adastra seems to think anything below 10P right now is a good buy. I can honestly believe that. My gut is if results come in at a profit (excluding silly brand mark ups or other accounting tricks.) Then a rerate is more than viable. Even on my conservative estimate and my bullish opinion a 2-3p rerate is more than possible. If not more. Last years loss included some one offs but also showed a business transitioning from a loss making business gradually to a break even business. This years figure won't yet include a lot of synergies from PPS and Publicasity. Such as saving on rent and duplication in processes such as accounts. Plus stronger cross brand selling to all parts of the world. Plus synergies from it's previous purchases as these firms bed in. Even at 8.5p I can't see why the share is so low. The broker could never give a price of 15-20p when a share is currently 7.5p as that might look crazy valuation wise. My only question is when to top up and what power on share price the seller still has?

Good to see buyers returning here. Said all along apart from the seller most trades have been buys. Could we see 9p soon? Or will the seller pounce on this. He must be low on stock.

I doubt Adastra has inside information. He just has access to all the broker reports. Most of which were available online. He has then used these to suggest figures. Just like I did. A lot of my figures are meaningless as they may not have included the 2 new purchases. So the first 6m result would probably show a bigger profit if you include PPS and Publicasity. This is one of reasons I am expecting a profit. That with the business hitting critical mass. Remember they announced some cost savings early 2014. (June?) I actually think the posts on here are quite informed unlike other shares on this site. You should never assume those posting are just spam. Nice to see some traction to 8.25 today. Seller is not scaring buyers off.

I didn't use Sanlam Securities figures in my previous post. Mainly because they just gave a target price but no actual figures. This may have been deliberate to avoid suggestions they were making up figures which were simply not realistic. Or as you suggest because it was 'initial coverage'. Of course there may have been a written report but I was unable to source this online. Perhaps one will follow soon after the results with a rerate if the results are in the range I expect. What the market expects is another matter. From a 3 million loss to a small profit would that really be acceptable to those following this firm given all their hype?

I understood what Adastra meant by academic. For me I think they may have a big impact. The Nsinger report Nov 2013 suggested -0.1m Ebitda 2013. With 4.1 million Ebitda 2014. Nsinger's Sep 2014 report suggested -0.8 EBITDA and 2.7M EBITDA for whole year 2014. Quoting from Porta's accounts. 'Positive EBITDA in final quarter of £650,000 after all exceptional costs, including start-ups' . Portas first half results showed around £1 million positive EBITDA for 1st half 2014. That included a strange 475k figure. Of course I expect the 2 new purchases have strong EBITDA so that will easily push the firm into profit. Paul Scott in one of his write ups suggested it appeared all division were close to being profitable. All indications to date from the firm suggestthings are very positive. I can understand Pelliot frustration with the firm over last few years. They have been losing money but I think this was intended to grow the company. Same for issuiing shares. Their backers have big pockets and can afford initial losses. Based on all the above it's not unreasonable to expect profits of 3 millions. The second half of year is always the business end for Porta. I also believe Paul Scott that the business and all it's divisions have turned positive in 2014. The past is the past. I am interested in what is happening now and what profits to expect in the future. The seller is just that. Offset this vs 3 large directors buys. Who do you trust on how well the firm is doing? Trust in the results. The day to day buying and selling of shares here shows no real indication of how the company is doing as a stale investor is clearing stock for other ventures. In 6-7 weeks we will truly find out what to expect from 2015.

I have no idea who Adastra is. He has been posting here for months. I signed up 2 to 3 months ago. If this was an employee dumping stock that could be a sackable offence. I really doubt this as they would need to have several million shares below the 3% mark. My gut is this is one big seller. The selling pattern is very similar. I think a lot of people are also buying in because they know company is doing well. Works both ways. I make maybe 3 to 4 posts max a day.

If PF still has stock this might explains the 300k sell on Friday (Possible private investor.) and lots of other 49k sells last week. Also the 15-25k sells today. There was a late 8.1p buy on ISDX today close to 61k. There is reasonable demand above 8p still. My only fear was Graham Herring was also selling. If he was I suspect the sells would be much higher. Plus why would he sell shares knowing another ex director was already doing so. Plus he would know how well the firm is doing. The only people selling now (as you suggest) are the one just want out or need the money as PF appears to do so. Just like Drjenner did. Long term investors will stay the ride. A further thought on the smaller sells. Perhaps it is the sign of someone testing sell prices to get best price. Maybe one large 150k sell would of got a lower price. For now I will wait and see what happens. New ISA year is always a nice thing. Directors too may take the opportunity. In any case keep up the excellent comments.

End of May. We know this by the last directors buy. Could even be June but unlikely. i am looking forward to these results. I really do think Porta is becoming a fast growing profitable company.

Excellent posts adastra. Lots of funny 15k trades going through today. All likely 1 seller. Maybe big seller still clearing left over stock? From 100k to 50k to 25k to 15k sells. Which might mean he is pretty close to clearing stock. He seems pretty much only seller here. My gut says hold fire for a week or so. I am trying to reduce my overall price. I am a bit concerned I am putting too many eggs in one basket. I don't consider this a normal share due to large seller. Possible upside here seems huge. Hardly a penny stock.

There is strong demand today at 8.3 level on LSe and isdx. Recovered well from 7.5p sells on Friday. I wonder if 8p buys now is good value. Really thinking about topping up. I think the share price could double quickly here. Really under valued

It's interesting to see Huntsworth results on last Friday showed their revenue declining by 0.9%. Plus an overall loss due to a big writedown. (Porta must be knocking them badly in Asia.) This seems to be in stark contrast to Porta whose reveue streams seem to be growing strongly according to the trading statement in Feb. I am still confident they Porta will announce their first full maiden profit in next 6-7 weeks. Hoping for at leat 2-3 million profit. They would need at least 3 million to get a P/E of 10% or below. My estimate at 2-3 million includes 1.2 million from purchases. Plus much stronger revenue in 2nd half of 2014 allowing 0.8-1.8 million profit from the existing firms. This on the back of a string of strong contract wins and admission of strong revenues. As Adastra has previously said 2015 will be the big year for Porta as they finally lose all these LLP cost and gain considerable cost savings from PPS and Publicasity. This could easily reduce 0.7-1 million from costs Porta faced in 2014 if cost savings are big. Which could see Porta making considerable profit in first half of 2015. If the share dips below 7.5p I may well top up on the basis that the seller has gone. If my predictions are right the current market cap of 21-22m is under rated by at least 30-50%. We just need to clear these small investors that do not see what Porta is doing here. Quite frustrating.

2 large 150k share sells on ISDX at 7.5. Could be a nervous 2 months before results.

Looks like the door is slammed shut now till after the results.

Agreed a strong result would have a big impact on share price. Unfortunately the seller has pretty much defined the price. These small 49-69k sells could still be seller. Hopefully just snall investors. I think the mm is short of shares hence sell price drifting up. Could also still be time for more director buys. Do they put in orders or can they just buy1.3 million shares with a phonecall? Next few weeks should be positive.