Member Info for Gotrader

http://www.prca.org.uk/FakeNews Interesting article from Gavin Devine. He talks about convergence/ integration in 2017. Gavin is the Chief excutive and Chief operating officer for Newgate. He seems bang on the money here. Being the chief operating officer integration could be very key to him when Porta does start to expand it's businesses again. I think once the Sp recovers here we could see more deals to follow. That with the FT article make me think at some point Porta could well get merged or taken over. Especially if they are starting to gain traction in the market.

Interesting thought Toad. The industry is going through a phase or mergers and acquisitions right now. A big American firm could easily take over Porta and remove a lot of the debt. The pound is so cheap right now. I think Porta could use a big European or American firm to beef up areas where Porta lacks offices. Then they can start to do global pitches for firms. Even India would be a great market to enter? Huge population there.

For those not subscribed what did this article say?

500k and 193k late sell trades for the 13th December. Both look like sells as 37p. Runs with my theory Old Mutual will clear out it's final stock. Directors mopping up most of this stock? Timing matches the trades.

Neil Matheson bought 50 k on 10/12/2016 announced today. Derek Mapp bought 150k on 12/12/2016 announced yesterday. Derek Mapp bought 50k on 09/09/2016 announced 09/12/2016 Neil Jones 25k on 09/12/2016 announced 09/12/2016 So 275k of stock mopped up. I wonder if more will follow? These directors buys are pushing up the SP. The numbers are starting to look a bit more impressive.

Well Old Mutual may still have up to 1.7m shares to sell here. If it wasn't for the directors buys here SP might be lower. I am 50/50 on this share. The results showed promise but with Brexit result impact it's hard to call 2016.

Yes 150k of director buys is much more like it. I think the overhang from Old Mutual selling out has been somewhat cleared by the directors and others mopping up stock here. When I saw the 50k yesterday I wondered if this was related to a director. This means since June directors have bought just over 1.065m stock here. They have been dwarfed by the funds in play here. Still the directors will be the ones who truly know how the business is doing. The SP has recovered nicely here from it's low of 36.5p. Maybe 37p was a good price to buy in at? (Purely based on the director's buys.)

The 2 reversee trades added up to exactly 16.5m. I wonder if the 16.26m trade was meant to be deleted like the 235k or so trade was?? This would explain no further RNS here. Strange so much stock could be sold without a buyer? Directors buys have appeared. Derek Mapp has just bought 50k of shares at 37.5p. Neil Jones has also bought 25k shares too. 38.39p. It would look better if they just did a huge buy. These are drip fed small buys for the money they earn.

I had been wondering when they would do these share issues. They announced this at the AGM. Makes sense to do it now as the profits from these pod businesses is very strong at present. Having more come back to Porta Makes sense. With the Redleaf share issues this could reduce payments to third parties next year by £150-200k. Reducing Aus payments for now due to 4p SP seems sensible. I think management seem to have a plan here. 3 big trades today. First 250k trade appears to be a sell. The other 250k trade is a buy. Just also noticed another 250k buy trade on ISDX. Funds/ investors are starting to trade in bigger volumes here. Would be interesting to find out who these people are.

We had 2 large trades delayed from yesterday. 620k trade was a buy. 1.091m trade looks to be a sell. This explains the low volume in last 2 weeks. Plus 50k buy on ISDX. Today there was a 250k buy at 16.22pm on LSE. Plus a 122k buy at 16.07pm on isdx. Against a small sell of 25k stock. Overall the buys and sell just about cancelled eachother out. 620+250+122+50=1.05M vs 1.12m. Yet the SP is up 9%. Are the MM short on stock?? I think so. Looks like I missed the boat again in terms of buying more stock. Should of got in at 3.25p. Live and learn. Happy to hold for now as the share appears to be gradually recovering here. Some good news could push share up to 5-6p. See what happens here. The buyers in the back ground are still filling their boots and that gives me confidence. Still no RNS from them yet.

Nope it was Mutual that sold out here. They have 1.7m stock left and I expect them to clear all of this. Which means the two 1.7m trades was someone else. Not also change of auditor here. CHANGE OF AUDITOR Huntsworth plc, the healthcare communications and public relations group, announces that following a competitive tender process for the external audit contract, the Company's Board of Directors (Board) has agreed, on the recommendation of the Audit Committee of the Board, to appoint PricewaterhouseCoopers LLP as its statutory auditor for the year ending 31 December 2016. As a result the Company's existing auditor, Ernst & Young LLP, has submitted its resignation. This change is with effect from 6 December 2016.

It will be interesting to see if we get any RNS here. I was suprised when we got none for the 9.75m sell. However doing the numbers now this is because the total voting numbers has crept up 200k. His holdings were exactly 3% on April 2016. With voting rights rising his share fell to 2.97%. So 100% sure Matthew Rupert Freud has sold up this year. We know Lake Capital Partners has sold up too this year. So 16.5M sell. We have also seen two 1.7M trades and 3 other trades recently 1.27m, 1.25m and 906k. All 5 trades appeared as sells. Can't prove they are all related to the same party. The timing of the first 3 is not coincidental. My money is still on Aberdeen Asset Management as the seller. With a new investor as the buyer. See article below. The fund is not having a great year. http://www.moneyobserver.com/our-analysis/can-aberdeen-asset-management-navigate-choppy-waters See what RNS this week brings.

Actually I think CNKS will see some upturn in last few months of 2016. My view would be initial Brexit months would of been slow but given long delay to article 50 and likely 2 year plus for anything to happen clients will return to the market. Question is how quickly CNKS can recover. Feb is a while off here. For now best to watch and see where this pans out as it is still on a downward trend.

The thing is we know the share is making a profit. We know they have secured 20 or so IPO in 2016. (350M CSH in November.) The problem is the severely reduced revenue and if it will recover? I think it's possible the market makers are simply marking it down due to this? They may also be factoring in the dividend too. One site now has dividend at 11.19%. Probably due to the falling SP. Not saying this share isn't a good investment just you should wait till the share price settles before buying. Long term the SP probably will recover.

You missed 40k of trades. Most likely sells. Large sell order is my guess.

Has anyone tried to buy or sell Porta shares? The low volumes to me suggest the MM or Porta are limiting trade sizes here. Can't be 100% sure but the buyer and sellers here likely have hundreds of thousands of shares left. Seems a bit odd. Largest trade in 2 weeks has been 50k.

2 more large trades. 1.7m or so each. So of same seller they could have 20m stock. Unless one trade was actually a buy?

My gut here is someone still has a lot of stock to clear. There is definately a big downward pressure on price here. Sell order or fund selling a few thousand shares a day? I think 65p could be possible short term unless someone snaps up a lot of stock. Personally I would be waiting for price to bottom out first. This is going to be really tough for existing shareholders if it continues like this.

I personally wouldn't buy more shares here. The trades today were all sells. The fund could still have more stock to sell forcing share lower. Don't rule out more late trades today. The pressure is still downwards here. I see no reason to buy stock here. You have given no real reason either? Save your money for other stocks. The Swedish operation will have 1-2+millions in costs. Paying off staff, lost revenues and write downs on the accounts and brand values. Rent still to pay on buildings. If this part of the business was making a loss then right to close it down. The costs for this will show up in next couple of years accounts. Let's hope the Swedish debts were not too big. 1 RNS today but not the one we expected. Could still get another RNS before 6.30pm. 52p is wishful thinking/

There is little news for Adastra to comment on. To be fair he has not been that active in last 2 weeks on LSE. He may have been away. His activity on this site is no indication of how Porta is doing. Oh Gavin Devine is now COO and Chief Executive of Newgate. Has his role been expanded a bit?We need to see what the strengthening of the balance sheet entails. Also what changes Steffan Williams brings in now he is CEO?. Patience is a virtue here.