RE: Gaining traction21 Oct 2016 21:21
Lots of twitter feed news on Newgate yesterday. Glenclore selling an asset for $1.14 Aus dollars. Hopefully Newgate will be advising on this.
Newgate still hiring for Public Affair jobs. They state on Twitter were growing and hiring people. (Plural!!) The Public hire announcement on 22/09/2016 stated 'Further high profile hires will be announced as Newgate expands to meet growing client demand.' (As in more than 1.) I think further hires are still to come here. I don't consider the advertised account excutive as one of those. Perhaps more big names snatched from rival firms?
Also consider what cross selling of products they can do on the Public Affairs side. They have hundreds of clients and they are clearly filling a Niche here for their clients. Lots to be positive about here. We also know how great Publicasity are at cross selling products too. Why not other parts of the business too? Publicasity is working for a lot of big names right now.
Also consider timing of RNS news. Most RNS last year were about director buys. We are now getting more RNS relating to the business side. We seem to be getting 2-4 RNS a month at present. On this basis I expect further RNS news this month. We also got our first RNS from Gary Wyatt confirming they are increasing their stake in Porta. The buyers are gradually winning this battle. Once directors can buy that battle will launch Porta's share price considerably. End of month is perfect timing for RNS news. Any debt announcment will have director buys attached to it for sure.
The way they said 2016 was a year of consolidation seems to be playing out. Mix of cross selling products, ensuring all parts of Porta have the best talent, using this talent to bring in big names and I suspect sorting out Porta's debt issues.
Another good thing about DW move to Exec Chairman is he can not get on with Exec Chairman role whike CEO Steffan takes limelight. I suspect all the feed on forums about him was slowing progress and making some investors nervous. Also the chat about Bob. 2 problems solved in one move. These old hands know exactly what they are doing.
At 4.25p this share seems a steal. There is no way they would make all these hires unless something was going right. I don't believe all these hires are replacing staff that have left. Gentry and the other maybe but others on top certainly not.