Two big buys in late trading.... This is finally getting interesting....
One to watch My hunch is Porta will be one to watch in the year ahead.It has some wily investors involved such as Bob Moulton who I can't believe will want to see this one go belly up.I have noted another laggard in the sector - Huntsworth - has suddenly perked up and I see the Porta sp rising either as a result of consolidation in the sector or improved performance.It has finally started to focus on organic growth and getting its companies all singing in unison.
Clear out What this company needs to do is shut down or dispose of its non-profit-making bits, clear out a lot of the dead wood in its London office, and put the guy in charge of the Australian operation - which actually makes money - and Red Leaf - another money maker - in charge. The rest are hangers on from the disastrous early David Wright days.
Takeover? Surely SEC will make a move on Porta if the share price remains at this dismal level?[link]
Every time someone leaves... the share price rises.I say get rid of the whole lot of them and then it will really get going.
New business Let's hope the Porter brands are out in the streets today pushing for new business in the light of the Bell Pottinger scandal.
Re: Bid The new fat bloke they've put in charge - they are always fat - seems a dead loss.
Re: Bid A lot of Bob Morton's share purchases since June 2014 have been at a minumum price of 5.75p, then at all rates up to his maximum purchase at 10.5p. Seems like they were the glory days.
Re: Dilution Perhaps, but at what price?
Re: Dilution I see today's announcement as the pre cursor to an eventual take over of Porta.
Dilution More shares and of course more profits required to service them.
Re: Bid It is interesting. Sunday Times talked about his other interests over the weekend. I suspect he is - like the rest of us - very impatient with this one and wants some kind of satisfactory outcome. This share became exciting the moment David Wright finally pottered off into his long overdue retirement.
Bid Is the Morton family about to make a bid????
chairman I am pleased to report..................................................a loss..?
Dear David Wright... Could you let me know if there are any other companies that you are involved with that you are about to quit.....?Clearly there is a lot of money to be made in you clearing off.Best wishes