Interesting week ahead12 Jul 2015 22:53
I think Monday will be interesting. Will we see an RNS with a director buy to match the 525k trade? Been very few high value trades that have not been matched by the directors lately. Can you blame the directors for buying? The underlying figures for this company appear to be improving year on year. The new purchases are fitting in well and all parts of the business seem to be expanding with new staff being taken on. It seems to me like this is a busineess that will quickly turn into a very profitable one as one off costs dissapear, the new start ups mature and they start cross selling products globally.
You only have to look at the lasr RNS-r and the comments by DW.
'David Wright, Chief Executive of Porta Communications, said "This appointment is further evidence of the demand for an integrated multi-service, multi-product communications offering."'
If Porta are truly selling this idea to current clients and they become a one stop shop for global services to large firms then you can quickly see a few contracts globally lining the pockets of Porta. Once a firm is locked into a deal across several countries it become harder for them to retender to local firms in each country.
On top of this we had a really positive AGM TS. I think it has been a hard year for the SP but this is mainly due to a number of large/small investors wanting out. What is convincing is all the directors close to this company are buying in. I am pretty sure they are not doing this to protect the SP. They all know how well the firm is doing. You dont invest 50-500k in a share without doing some research or knowing how well the firm is doing. Of course we can only see the directors buys. Makes you wonder if staff are also buying in here.
All of the above is why I think this share will quickly move from 9-10P+. I don't think the 525k trade will impact the share greatly on Monday as I think this is already factored into the price. Hence the upward pressure in the share price lately as free stock is snapped up. Exciting times to buy into this share.