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1m buy has showed up today. Maybe isdx was a sell. Who knows. The trades are getting bigger.

Well it could of been a matching trade. I have not ruled out the trade being a buy. I am happy to wait for now. If we get an announcement this week great. If not see how sp does. We have a persistent seller here doing small even trades.

1m trade has gone through on ISDX at 3.1p at 16.37pm. Interesting. Before that a buy went through at 16:00hrs at 3.15p but only 23525 volume. Answers on a postcard.

The falling pound will be increasing more and more the monies coming in from Asia. It also makes Porta a much cheaper takeover target here. I doubt Porta would accept any offer below 10-13p.

I think DW is doing stuff in the background. He is MD to many of these firms. Most likely he can't talk about them either as it would be price sensitive to the share. I really doubt Gene would take over. He is an accountant. Not a CEO. He earns the same money anyway. Not sure what Gene would add that DW doesn't have? Steffan seems best man for job. Share is still drifting as there is still a big seller here. Most of these trades are not PI. 10k trade for a PI would be very small. Many PI are scared here. The buyers in the background may have also reached the limits they set themselves? 2-3%? Many funds choose not to go above 3%. Hopefully the buyers will appear again soon. If they are working on some sort of deal it locks out the directors and probably other senior staff too. Not sure how it works exactly. If it was simply a case of going to a bank for a cheaper loan I am sure it would of been done weeks ago. Maybe they are planning something else?? Have to wait and see. They did suggest in their interims 2016 was consolidation. So that suggests the refinance can't be far off. 2017 for more acquisitions is not that far off. 2-3 months.

Not really bizarre. Emma Kane and now what appears to be a fund have sold out or are selling out pretty much at the same time. So here is the gamble? Wait for the best price? With a fund (?) and nervous investors selling here the price could drift 0.25p. There are a lot of low hanging fruits falling off the tree right now. Wait long enough and you can pick these up dirt cheap. Of course other investors may be playing the same game. Also unclear if a sell order is on it's way or if the seller will do block sells of 1m shares. If it's a fund I would expect some automated sells near the end. At current prices I wonder if the market would accept a 3-4m sell order. Wait too long and the refinance will be announced and most likely all directors will pile in. If the firm is doing as well as you suggest Adastra then why would they not buy in? There does seem to be some traction here. At these price I could see the directors clearing millions of shares each. How many shares can they afford?? My view is this share will shoot up after the refinance. I would hope for at least 7-8p short term. Pending on the terms. As one of my friends suggested. It's a share with risk but the upside could be huge if things take off.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EWG/12993830.html Small fry but looks like Newgate is involved in this fund raising or just acting on behalf of the company.

That 1m trade seems to of gone through as N/A. It could still be a buy part of a large sell order? The share is drifting today.

Adastra - The buyers are coming in but while a fund is clearing x million shares all the buyers are doing is filling sell orders. 6m from Emma Kane, 3-8m from another fund still selling now, 5m shares dumped by another fund earlier in the year and a consistant weekly seller clearing 5m+ shares. .6+5+5+3=19m at least. How many more shares is this current buyer willing to soak up?? If it is a new investor they could already have 7-8m shares. Assuming they bought all of EK's shares and the other 2-3m shares sold here. The trade patterns for the buys this year suggest it may be 2-4 different funds/investors due to different patterns. E.g some trades started with 2-3k trade then 5-6 large buys. One went 333k x3. The latest buys were in 250/500/1m batches. What is clear, with at least 20m shares bought this year it has to be at least 3+ different funds/investors or you get an RNS. Unless some PI investors bought in too? These trades are definately organised so seems unlikely.. We also don't know what Porta are doing about the debt. You and I keep suggesting something is happening. So do the directors from what you have said. This could just mean another 12% loan for all we know. The company seems to be doing really well H2. We have to wait for the over hang to clear. For that we need some good news mixed with director buys. I am holding off buying more for now. See what happens with the seller.

This link is more telling. http://ir.endurance.bm/phoenix.zhtml?c=137754&p=irol-newsArticle&ID=2209277 This link clearly states for enquiries to go to Newgate and names Steffan Williams. So maybe this could be a very nice boost to Porta here. Hopefully they will make an announcement of some sort?? The main reason for the depressed SP here is that the funds are still trading shares. This current buyer must be getting closer to an RNS. These trades are very much arranged. I think the current seller has cleared close to 3m shares. They clearly can't do a huge sell order here due to stock already on the market. This proves all those 250k trades were buys this week. Backs up my fund theory too. We know Emma kane and partner only had 6m shares. The 4m and 1.25m and automated trades covered these. All other trades after that are from the 2 funds/investors swapping shares.

Missed what? Those 3-4 250k buys were due to a 1m sell. Just shown up. I think this will continue for a few more weeks. Fund could have 3-4 million more shares?

Excellent comment Adastra. Nice also to see another 250k pop up today. One possibility is these new funds have elected not to cross 3% mark.

Nearly 3.5m shares sold today. Largely due to 3 trades. 1.27m, 1.25m and 906k. Hard to know if this is from a smaller investor/fund or an existing major fund over 3%? Guess we will never find out.

http://www.gorkana.com/2016/10/keh-appoints-newgate-communications/ Nice to see Charlie Chichester leading some of these clients. They have 4 people working on this one client. Humphrey Percy, chief executive officer at KEH, said: “We are pleased to have appointed Newgate as our PR agency following a competitive pitch. The team demonstrated the expertise and experience we were looking for as we seek to build our presence in the UK and beyond and I am confident that Newgate will provide us with the critical integrated communications support we require as we grow our business.”

I think whoever was in charge here would of suffered these results. As I understand it TTMV had one main client. When they lost the client they had little choice but to streamline the operation into Summit. The European offices never really gained traction and this is why they closed. Is this management? Crowded European market or just wrong people? Mix of many things is likely. Bob has supported the share in terms of buying stock and injecting money into Porta. Can't fault him there. The issue is why would he take on a new bond at 12% in last few months. He must know these are slowing Porta from making a profit. The interest on these loans alone is stacking. The shares he has bought have been paid for by the loans anyway. So far he has shown little ambition to take this firm private. £8-10m is not much for him? I agree some of the new hires could be senior staff of the future but many were bought in with roles in mind. I don't know how many years DW has left but if he was planning to resign he would of done it by now. As you say this company is in a classic turnaround situation? If that is the case why should he resign?? As you pointed out new business is up 50% compared to previous results? Note also one of the new directors hired was from TTMV and had vast years of experience. Age and management are just numbers. So it does not necessarily follow the new blood will instantly be made directors.They need senior staff to lead the clients too. Which is what Steffan will add here. Same for Gavin and others. Look at the successes in Asia. Australia, HK, China, Singapore. The downfall has been PPS and Publicasity. Both of these were meant to be making 500k or so in profit. Not sure where this has gone. Hopefully Newgate and PPS are now turning the corner. Redleaf seems to be doing very well. I think things are coming together here. My gut is the directors are locked out here or they would be buying millions of shares. Especially if this is hugely undervalued! If they are not locked out that asks big questions. Then we have to ask is our trust misguided here. See what next few weeks bring. On trade today most of the sells were buys. The mid price 3.25p trades are buys. The 250k trade is certainly a buy. Suggesting someone might now be protecting the SP. It's an interesting time to buy. Especially if you think they are working on the debt issues. See what happens.

Bit harsh. Steffan is the MD of many of these smaller firms now. I bet he has plenty of clout here. He could well be next CEO here one day. I doubt the board is playing this out just to max out on wages. Accounts and CEO can earn a lot more than these 2 do. The main obstacle to change is Bob. He owns 15% here and controls the loans at 12%. Personally I would ditch him and borrow from the banks or other investors not looking to milk Porta to make money. I saw nothing at AGM to suggest he was hands on here. Very quiet man. Sure we post a lot about new hires and contracts. Least there is a steady stream of news. Especially for Newgate. It's the volume of new hires that is equally important. When things are going well you hire more staff. The results were impacted by historic closures and D and A. Beyond this I saw 200k loss. Many positives for H2. Especially with the pound falling. Plus current work value 50% higher than last week. We do need some news on refinancing. Few weeks off? I can dream!

http://www.gorkana.com/2016/10/newgate-appoints-former-wales-office-special-adviser/ Newgate Communications has appointed Dr Tomos Davies, a former Wales Office special adviser, as associate partner within its public affairs team. Gentry added: “Having Tomos as part of our team cements our position as one of the leading integrated agencies in the UK. In addition to his hugely useful insights into the national Government, Tomos of course also knows the administration in Cardiff which is a huge benefit to Newgate’s local engagement specialists PPS Group too. It’s exciting to have him on the team.” More to hires follow? Certainly cementing the Public Affairs area of Porta now.

Still a large overhang here. Looks like the 3.35p trades are buys in a drifting market. Which is why I am waiting. The Redleaf owners may want the money if they are starting a new business? Not done a search on Emma Kane's partner. Probably business reasons of some sort.

I doubt it they just got 424k from last 15%.

Okay Emma and partner down to 2.52% on investors page. So they cleared about 6.37m shares. Yes her partner sold his stake too.