Member Info for Gotrader

They are a specialist company and have no great ambition beyond what they already do. So not looking for mergers. Return to growth in 2022 implies revenue is down for 2021 or flat. Lots of talk but nothing here to suggest they can hit a magic switch and profits will start to pour in. It sounds like you are sitting on big losses Farruggia? Did you put a lot in here?

1m back on bottom line. With some costs saved this year for Newington too from July. Market here entirely owned by funds. Pretty much no private trades on that news. Maybe already factored into price. Should give bigger margins for 2022. Where will this head price wise? If they can maintain H2 performance price has to rise here. Unclear what will happen when furlough schemes stop. It could also be clients are holding back on projects too.

See what happens. TU in August?

No material change since last update. The video link for AGM video is on ADVFN chat forum. If you want to make a quick buck this is not the share for that. The questions asked at AGM were from a ADVFN user. Only person who submitted any questions.

Would I invest at these prices? I would probably wait. Least pound back below $1.4 now. One worry is that they lose further business to China. Albeit they have strong demand for their other products. They still need to make money or this is purely a production process to help products to market. With a yearly 1% dilution when directors get their free shares.

I guess it depends how upbeat you feel about 2022 and whether you think they can meet these targets.

So AGM stated no material change positive/negative in market expectations hence no TU before AGM. So revenue for 2021 as expected with growth in 2022. 5/6 machines in Newport in production. 3 new machines n Taiwan on order to hel with demand.

CEO appointment in advanced stage. So should get an announcement in next few months? Sooner? Didn't say.

So current share price is current value here. So 90p was likely just market ramping the share.

Just a thought back in 2017 and 2018 they did a closing statement for H1 in July with announcement of results.

Got that wrong. Could still happen next week. Could also be waiting for other announcement?
They do seem to do one each June. Pound down slightly against dollar after US rate news.

Let's not panic. Nothing to suggest revenue could fall. Strong demand still. Question is margins.

Agm is 23rd. So they must do TU this week. Or face backlash at AGM. 18th seems the most likely date now. Unless they do an AGM statement? Not their style.

Likely meant trading update. If it comes next week. Chances of director buys here are zero due to free shares they get. Problem is single digit profits on £180m is not great.

It was on 12/06 last year. Friday. 21/06/2019. Also a Friday. So 18th or 25th seem logical. Before AGM.

Broker marked this down on value of pound. Currently 1.41 vs dollar. Not that much higher than Jan. 5-8%?

I don't think business has faded away. The 5G business should be picking up. Cars too. Question is margins and if they are more efficient operationally this year. TU could be 1-2 weeks now? Assuming one is coming. SP not really moving so not urgent.

Well they did order new machines so must be somewhat confident orders will rise. Plus new products to offer. Question is margins and rising pound on bottom line.

They did produce a suprise last year. I don't think covid has hit production. At what point do profits start to rise as production increases? Economies of scale are much needed here.

Trading update could be any day soon. I can't call this.

Ennismore increased their short on 20th. Up from 0.83% to 0.91%. Interesting!

Trying to work out the numbers as 2019 only included part of Porta full year.
Looking at the groups segment breakdown this is quite revealing. Australia turning over 17m euros. 27% of the overall group! That appears to be where a lot of the profits are coming from. It was the same for Porta back in the day with Asia providing 1.5m+ profit. Singapore doing very well too but about tenth of size of Australian operation.

Revenue in Italy seems to of taken a big hit here. Down by 5m Euros due to covid?

Poland, Germany and Spain the same albeit they have just acquired a firm in Germany. Revenue for these 3 areas is below 1m each anyway. Belgain and France holding their ground.

China and US revenue seem tiny. Barely 20-70k? Albeit the Segment for N America shows closer to 1.5m. Maybe this was revenue which the UK group took on.

I make 2020 revenue about 38m Euros for the old Porta Group. It was turning over £40m in 2018. However it has made large cost savings. Ditching clients which don't make money.

I think they seem to know what they are dong. There is cash in the bank albeit future financial requirements in the future. They need to buy up more chunks of Australian business.

The big chance here is that profits have gone up but hopefully not just because of government subsidies due to covid. You would expect clients to increase activities when countries return to some kind of normalities.

Pleased that they seem confident about 2021. Moving UK HQ too. Hopefully they will reduce their rental income and use working from home to achieve a lower rent here. I always thought they couldn't afford the London rent.

Seems the cost of loans from Hawkholding are at 6% now. These used to be 12% or so.

As for share moving up we will have to wait for the funds to finish their game of exchanging shares. Next big news will be August or before if they do another takeover. Be interested to see what profit this new German group might add to the bottom line here.

For now happy to hold. No big sell off here.

Seems to me the dial won't shift here till the funds swapping shares are done. These small buys and sells are getting silly.

Sounds like things are going very well H1. We may have to wait for an August TU for more info.

I wonder how much they got in covid grants from government. I see also they are giving out shares now? Zero trades so far which means little stock about or funds not yet swapping stock.

Also unclear how much of these figures come from reduced rent. Need to look through in detail. Not got time right now.

Thoughts?

Market liked the news. So back above 50p.

Stagnating at 48-49p. Nothing to say there wont be good news next Month. Main concern is margins, strength of pound and cost of new machinery if demand increases. How much spare capacity is left? If none and struggling for profits i would be very worried. 3 weeks or so to TU?

10 more shares another 2%.