Paul Scott did a brief review.24 Sep 2015 19:34
'Porta Communications (LON:PTCM) - complicated figures as usual, but looks like there is an underlying improvement. The jury is still out on this one, but it's the c.£1m spent by Directors, especially Bob Morton, that suggests to me the company has good long term prospects. '
I think here is the key. Too many people here expecting a quick profit. There are many parts of Porta doing really well here. You have to wonder if they might get an offer for the Aurtralian business alone. Too many reasons to still be upbeat here. Positive cash flow too. The loss was not a cash loss. It was more to do with value of assets and other things. As Paul Scott says. You don't invest nearly 1M into a share unless you are sure of it's prospects.
A friend of a friend of mine is going to look at the results, See what i get back. Overall i think the underlying figures are quite positive. They may not have matched the broker forecast but when was the last time this share was 11p?