Member Info for Gotrader

Mirada, a developer of products for the digital TV market, has appointed Newgate as its financial PR agency following a competitive pitch process. Newgate has been appointed to communicate Mirada’s business to the investment community by increasing its presence in national and investment media. http://www.gorkana.com/2016/02/mirada-hands-financial-pr-brief-to-newgate/ Seem to be a small Aim company. Still nice to get a contract win.

Another reason to suspect the II are still selling here is the Investors page on major shareholders has still not been updated with the new percentage of major shareholders after the release of new shares. I figured maybe the person updating the website was on leave? Been 2 weeks now. I suspect the next update may show HH (or another name?) missing from the list if they fall below 3%. Or maybe we get an updated page once the II are done adjusting? Of course I was wrong before thinking Ruffers was fully selling out. Either way the future of this share is currently in the hands of the major investors. HH could have up to 15M shares here. Only takes one big II to soak up 10-12M shares. Come on Porta let's have an announcement on this soon.

One thought is brokers are trading/ holding onto stock. This might explain why the price kept changing today? Perhaps they are securing stock for future director or II buys?? My theory is HH will clear all it's shares here and a broker is releasing this stock onto the market gradually. There may also be agreements at prices they are willing to trade at? Hence now and again you see large trades on the open market? 7p seems to be a price they are willing to trade shares at. Just putting theories out there. One final thought. For a large trade to go through there would have to be enough floating stock in the first place. If we start seeing 0.5-1M share trades you have to wonder how these shares became available?

Very weird trading. When no late trade came yesterday I figured the MM had raised the ask price yesterday ready for a fall today. I now think all the trades on LSE were sells yesterday. Seen it so many times on this share. Should be a flurry of late trades appearing later. The fluctuation in price is definately due to trading. My view is we still have 2 big players trading shares here and one of them was likely the party that bought over 500k shares on Tuesday. I am hoping for an RNS in short to long term to show a new major shareholder. Guess work at present. it could be the share price is moving based on available stock in the BG? Various brokers must have x amount of orders for certain prices. Until the II finish adjusting their share in Porta these yoyo trades will continue.

You can currently buy for 7.23p. To me this suggests another delayed buy has gone through again. Someone is building up a position here. I really doubt the 6.88p trade forced the price up here. Although I do wonder if that trade was actually a buy rather than a sell? See what happens at end of day. Interesting times!

Right to the tune of 546437 shares. Nice to actually see a big buy on this share for once that didn't come from a director.

Site shows share rose at 8.44. Only trade I can see is on ISDX at 8.44 and that looks like a sell. Maybe we still have 2 investors trading buys for sells?

Almost all of the 140k trades today showed as sells. The reality is 135k worth were all buys. With one definate 5k sell. The share certainly seems to be gaining some traction here. With news of new senior hires and new purchases on the way this could give the share a nice push northwards. If followed by directors buys that would bring much welcome cheer to this share. Especially if the II have stopped selling here. If May brings some strong underlying trading information that could also be good news. Lets hope Spring brings a nice leap to Porta.

Been rereading the numbers on the II article back in October. They estimated normalised pre tax profits of -0.8M for 2015. This figure should just include profits or losses from operations. So it would not include the 1.366M D and A figure. On this basis II were predicting about 2.2M losses for the year. 0.8M would be almost half the 1.5M figure for 2014. The other interesting thing is they did not estimate the revenue for 2015. I guess that depends how the results are set out. E.g Restated numbers or including/excluding certain figures. Porta has an opportunity to turn to profit soon here. 2016 could be the turning point for this. Especially with 1M cost savings and teh restructured business. There is point no having revenue over 50M if you lose 2-3M a year. Better to turn over 25-30M and be making money. Should be an interesting few weeks in terms of announcements. The announcement page on Porta's website currently has 8 or so tabs. 5 are blank. Not sure if this is normal but my gut is most are empty for news to come. Acquisitions and new clients. I wonder if another big blue chip announcemnet is on way. I also wonder how long DW will continue in role. Steffan doing the last video may have been an indication he is being prepared to run Porta. Maybe 6M-2 years off? Hope this post was a balanced view. I really try not to get clouded in my mind by a share and it's performance just because I have a holding. Although it's hard to break from the emotional roller coaster this share offer.

I find it strange they would turn over 18M in 1st half and only turn over 9M in 2nd half of the year. Revnue must be more than 27M. Which makes me wonder if we will see some restated results again in May. Which in turn would explain a much stronger 2nd half of year performace. Also on 11th the issue of shares may change % of major shareholders in Porta. So time to watch the investors page on the 11th.

Trades had most likely no relation to RNS. Few buys in now.

Thinking more on these numbers. Obviously I meant 21.9M on gross profit. You would expect reported ebitda for 2nd half of year to be lower than first with the winding down of 2 European offices. So reported ebidta at 828k 1st half and 570k in second half?. (Based on 1.4M figure.) So in 2016 we can remove 200-300k for one off costs in first half of year. Plus 1M savings reported from restructuring European and less successful offices in the results. 'Management completed a review of the businesses and took the decision to close smaller non- performing offices in Brussels and Germany, and certain, less successful departments. This decision has already resulted in an a nnualised cost saving in excess of £1 million.' (I wonder what the less successful departments were? This might also explain the rumour of senior losses in Newgate HQ lately and free desks for CAG group.) Going forward if they make new acquisition it could be that they have made more room at their London HQ. Which would significantly reduce rent cost for any new acquistion. So this could add 200-300k to bottom line on any purchase. I think through acquisitions more cost savings could be possible here. E.g rent, shared HR, accounting and other shared functions. I think this is how they will sell the new additions to Porta that Steffan suggested in his video. Overall 2015 was a tough year here but I think 2016 will be very close to breaking even. We have had no cash calls this year and if debt is restructured to 5-6% this could reduce costs by 350k or so. So if real costs next year are 1-1.3M lower that could be good news. That could wipe out any losses shown this year. Ignore that one off paper write down. Plus savings from acquisition and possible growth in 2016 to help the bottom line. Exciting times ahead.

Okay trying some number crunching. Not easy!!! Reported Ebitda for 2014 was 671,363. So more than double that would be 1.4M+. Headline Ebitda for 2014 was 2,189,444. Add on 17% it comes to 2.56M. I didn't understand the 40% gain on second half. I assume this meant for June -Dec. 828x1.4 comes closer to 1.159M. We know they lost 1.5M in first half of year. Mainly due to 1,377,027 Depreciation & Amortisation. Question is does the profit from operations in second half of year outweigh costs for closing European offices. These costs could come in at 0.5M (est.) or more? Not sure how many staff they had? So a loss for 2015 is very likely but expected due to the big changes going on. Mostly a paper loss. Gross profit last year was circa 19.4M. So 21.5M gross profit this year. Hard to know how much of this is down to PPS, Publicasity and Redleaf which were mostly not included in 2014 results. So maybe revenues of 27M-30M for year might be fair. Certainly for 2016 you can say that costs should be 1M lower and we can remove these one off restructuring costs. Which could make breaking even for 2016 possible. I think as the groups come together and underperforming units close this group could take off quickly. Time for someone to shoot down my figures. I had to do a lot of searching to try and make any reasonable figures possible.

I was trying to work out the figures and drawing a blank last night. One thing I did notice is as we only own 50% or so of Redleaf it does mean all the profits and losses are somewhat split. Also on the latest RNS it did not list CAG as one of Porta's companies. I a guessing this split of profits also affects other parts of the firm. I wonder how much profit this is actually taking from our bottom line?? Not quite sure how it works. Nice to see a few more buys today. The 7.33p trade looks to be a buy. One 5k volume sell on ISDX for close to 7p around 12.40pm/.

His post confirms what others have said here. The numbers and figures are a touch confusing. Compare like for like etc. He is still holding a long position here. I think he still likes the share. He as ever is bouyant that the directors have been buying in here.

Excellent video. Steffan seems very confident. The telling part is where he says new staff and acquisitions in next 'few weeks and months'. Looking on their website there news announcement system has got 3 empty slots for news. Not saying this means anything but could be more news pretty soon. I do think these acquisitions will start to add more value soon. Put aside TTVM and some of the worse performing European offices and you have a nicely growing business. I really see Steffan becoming CEO in next 6-18 months. He is really getting a good grip on the business and shaping what Porta will be in the years ahead. The video is also available from the Porta's main website. Still not seen Paul Scotts comments.

Paul Scott has commented on PTCM today. Article is locked to members. Over to you Adastra. Lot of people seem scepitcal on numbers on ADVFN. Steffan has done a video too. Lots of stuff to read and watch here. Hmm.

Seems to be someone still selling here. I have not known a trading statement lately where the sp actually went up where porta is concerned. What do we think full year ebitda will be? Sanlam suggested 2.7m. Are we likely to meet this?

Lots to digest here. More acquisitions on way as predicted. Unclear what cost these one off restructures will be? Sounds like all is going well. No wonder share was up 10% yesterday. We won't see any director buys here as closed period. I see Sanlam is still nomad here. No idea how market will react here. Porta can be a funny share.

That's more like it. 14% gain today. See what sells we get now. There was no way they could hold back price with 250k buys.