Very interesting day ahead Adastra9 Jun 2015 08:31
Bob Morton has bought 6.3M shares. He has bought over 9M shares this year. Well if an institution or ex director is trying to dump their shares the directors are quickly soaking up the leftover shares. If the share price remains at 7P then you can assume a large sell order still being filled. The 2 institutions have near 16M shares each. Hopefully DW can find a new institution soon. It will be interesting to see market reaction when it opens.
Porta Communications plc, the AIM quoted international marketing and communications business, has been notified that Mr Bob Morton, the Non-Executive Chairman of the Company, yesterday purchased 6,300,000 ordinary shares of 10p each in the Company at a price of 7p per share through Hawk Investments Holdings, a company beneficially owned by Bob Morton and his wife.
Following this purchase, Mr Morton is beneficially interested in 42,586,318 ordinary shares in Porta representing 15.36 per cent. of the Company's issued share capital.