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The fact the directors are actively buying stock suggests the directors are not working on any deals right now. Not to say that won't change. Their buys have been regular but nothing huge. All around 40p market. The Swedish operation closing down was not great news. Are these fund trades timed because of that news?? Funds buy and sell for many reasons. It may just be they thought they could get a better return elsewhere. They may know of some bad market news? Have to wait for tomorrow. So far there is no obvious reason for this share to fall below 35-37p. It could be this big sell clears out the mystery seller dumping a few thousand shares a day. Then SP recovers. Other major Shareholders may now mop up some of the stock if viewed as cheap. See what happens.

One sale of 16.5m shares. Another buy of 16.26m shares. If I had to guess Old Mutual or Aberdeen Assets Management have sold a large part of their stakes. All the other major share holders had been increasing their stakes lately. It would also explain a lot of the recent sell offs here. Old Mutual reduced a small part of their stake in August. Expect the buy RNS early tomorrow or Friday. The sell one in late hours. It does not look good that 2 of the larger funds here have dumped their holdings in 2-3 months. Have to see if Huntsworth have a new investor or if an existing one picks up the sold shares. They had to drop the SP to 37p to make the sale happen. Perhaps once this is cleared maybe the SP will recover here. Thing is if the company was doing amazingly well why would they sell at all?

Yes looks like one user on that site (ADV...) is picking up on a lot of Cenkos news. However I wonder if the share price moves here are more down to people selling down stakes. So you let share drift to 74p and then wait for the buyers to pour in. Then rinse and repeat. At present 50p seems a long way off. I am sure Cenkos would be talking to all major shareholders reassuring them of the future of Cenkos. Hargreaves Hale may have merely been adjusting their stake. I think someone mention another stakeholder clearing down. The share has dipped nearly 5 p since last week. There is a trade that matches the 9.02am drop. No trade for the 9.08AM drop. Small volumes but big movements? Does CNKS have a secondary market?? I checked ISDX but no trading there. http://www.cenkos.com/recent-transactions/transactions-2016 They have had no placing over 350m this year so far. A lot of the 24 placings this year have been below 10m. The largest for 350m happened this month. Guessing the larger IPO have bigger payouts for CNKS. The firm is still making a profit. So a question of what the SP should be here. Could be big movements on TU here if the share is over sold. Assuming revenue quickly recovers.

http://www.holmesreport.com/latest/article/trainline-hires-red-consultancy-and-steps-up-comms-efforts-across-europe Some client news for Red Consultancy. Only for the UK. Not seen many client wins for Red lately. 292k of sells today but share has nudged higher.

The numbers are for 2015. Newgate are up from 46 to 27 but this likely includes some of their aquisitions. Can't see Redleaf on there. Any news today would not be good. Budget day is a day to hide bad news. Let's hope we get no RNS today. That small buy trade of 2391 shares will lead to a nice buy tomorrow lunchtime. Could be 100-200k+ shares? Pretty much the same buyers and sellers on a daily basis.here.

My gut is further news will follow and this is perhaps one of the reason the share is sticking so closely to 4-4.25p. More shares to be issued? Not sure what they are planning to do to strengthen the balance sheet. I still think something is stopping the directors from buying here. Most of the current trades are still funds or larger investors trading off shares. Albeit much smaller quantities. This trade off will slow any recovery in the SP here. Like all things Porta does seem to like timing news. I don't see Porta de listing. Not sure Bob's sons want to take this over either. My guess is they will look to other investors. There is no shortage of investors to mop up the sold shares here it seems.

No idea who dyehard is. I tend to go on facts rather than an opinion on here. Clearly not all parts of Huntsworth are doing well. The general PR market is somewhat subdued. Huntsworth share price reflects this. Note the timing of the director buys as the sp fell below 40p. Proping up share or is company doing well? Least they are paying a dividend.

http://www.holmesreport.com/latest/article/grayling-exits-sweden Things are not going so well in Sweden. Expect some job losses here and some costs closing this loss making part of the business. 880k loss last year. So maybe a good idea to shut this operation. Most PR firms in this area share prices are doing terribly. It's a crowded market and Huntsworth are just about keeping their head above the water. Are Huntsworth turning this around?? Takes more than 1-2 client wins to make me think that. I wouldn't throw thousands at one share. There are only 2-3 people following this share. DYOR.

http://www.gorkana.com/2016/11/redleaf-appointed-by-alternative-financier-gapcap/ GapCap, an alternative finance provider for high-growth businesses, has appointed Redleaf Communications. Should be a slow day of trading today with shares to be issued soon above current market price.

Well I think current market cap is a joke for a company turning over at least 36m a year. I think a number of other announcements will follow on refinancing. This is just the first step. House keeping before they can announce their full plans. Hence 12 month term on loan. I think there is also an element of getting new investors in here to replace funds who may want out now. They have steadily been doing this for last year or so. At these prices someone is snapping up large volumes of sold shares. I think these trades will get bigger once the main over hang here is cleared. Then we may see a strong rise in the share. Still intrigued to know who the current seller is. Does not appear to be HH or Hawks Holding. Once debt issues are resolved then expansion could be very quick. A merger here can be difference of a market cap of 20m to circa 40m-50m. I think they will plan big here once they have consolidated what they have here. Even with European closures last year revenue is still holding up. This dip to 4-5p is very short term in my view. They could easily exchange most of this debt for shares. Beyong finance and SP issues the company seems to be doing well in H2.

Well if they are not working on refinancing the 9m debt below 12% why are the directors not buying? Maybe they don't want to? Or is something else in the pipeline? They mentioned about strengthening the balance sheet here. Question is how they plan to do this? I wonder what further announcements they plan to make here? Could something else be locking out the directors? Hmmmm. Maybe the 15th will bring more news? The fact the new loan is only 12 months suggests maybe they plan to replace it with something else in due course? Otherwise why not 2-3 years? Lots of unanswered questions here. Including who keeps buying up 250k volumes of shares. Nearly 3-3.5m+ shares bought since 13/10. Any thoughts Adastra??

Couple of directors buys here. Not for huge amounts but they add up. Share still seems to be drifting. This happened before before all the funds started swapping shares. I still think one more fund may want out here from all these small sells.

More use of ISDX today. 300k buy. Plus another 50k trade at 3.99p. Could be a buy or a sell. Mix and match on LSE. 61k bought and 130k sold so far. 4p still seems to be fair price for the seller here. Of course the new shares will be issued at 4.25p. Currently above the market price.

http://www.proactiveinvestors.co.uk/companies/news/168731/porta-refinances-settles-loan-with-share-issue-168731.html So by the sounds of this article more things are to follow.. “This loan conversion represents the first step in optimising the company's capital structure and consolidating our financial position, following the series of start-ups and corporate acquisitions that we have made over the past few years,” Golembiewski said. On this basis maybe a lower ticket loan might follow at a later date. Hmmmm. At least they are trying to do something?

One thing that is interesting here is someone has bought another 1m (4x250k) of stock today. (100% same buyer in my view.) Note that late trade that has appeared for 15.30pm at 3.85p. Someone else has sold about 560k of stock on LSE. Then sneaked another 450k sell on ISDX. 1m or so overall. Again likely same seller. Its no coincidence that the number of buys and sells here match roughly 1m buys and 1m sells. Most of the trades today are arranged. Looks like whoever this seller is has not yet cleared their stake here. They must have more than 3m shares. It will be interesting to see what % of stock Bob and others investors have on Porta's website on the 15th. Porta may well choose that day to announce a new investor. You can't keep buying 1-2m shares and not reach 9m shares. I also suspect these finance deals are the start of an overall process to reduce the balance sheet debt. My big worry is Bob's holdings and if he plans to keep them all. See what happens in next week or so.

Redleaf contract win. http://www.gorkana.com/2016/11/coffee-brand-the-new-black-appoints-redleaf/

Still leaves 9m debt? Not fully got my head round this RNS. We have a 5m and 4m loan left? My big worry is what will bob do with the 18% share of company. Perhaps more announcements are to follow? Hmmm.

Sp below 4p and it looks like someone bought nearly 300k of shares. Hmmm. Someone protecting sp. Fair comments Adastra. I was hoping they would refinance loan before any renewal. Also annoyed how they sneaked the RNS out at 1830 pre US election.

Yes this was an existing loan. The 6 month accounts show it was due to expire at end of 2016. I was hoping they would of replaced all these loans for a 3-6% note loan. Clearly not yet!

Not quite the refinancing I had in mind. I think the debt terms on the previous loan were running out anyway so maybe they were forced into this. Still leaves Porta with loans of about £8-9m at rates of 12-13%. Exactly what they started the day with. Yep this was not in my refinancing plan!