Morton tightens his grip Today's share purchase news suggests Bob Morton continues to believe in this company - or wants to own it outright.
Radical This is one truly awful share. Short of some announcements of big client wins, I don't want to read about any more big expensive hires. What I would actually like to read about is to see some of the useless time-servers this company employs fired.
Re: up 16% yesterday, 25% today It's the market's less than subtle way of telling David Wright they think he's rubbish.
up 16% yesterday, 25% today Market finally waking up to hidden value and fact that it is massively oversold.
RNS today Very good news and a vote of confidence in Steffan. He is driving fees into Porta and David can take a back seat. Bob stepping down might make GG job easier to refinance debt at a more sensible coupon. The shares are up 8% at the moment but this is noting to what they are going to do. Talk about oversold. If you know anything about the Comms business and the landscape you have to say that Porta subsidiaries should be winning serious new fee income post Brexit.
Re: Unacceptable The top people keep voting themselves bigger and bigger salaries, without bringing in the business. A leaner, fitter Porta - where people are judged purely on the business they bring in - could be a big success, but it needs a pretty ruthless clear out of senior staff and a real hard look at why head office costs are quite so high.
Put Emma in charge Put Emma Kane in charge of Porta - and do so immediately - and the share price will recover and quickly.Put another one of the fat old men at Porta in charge of Porta and the shares will be suspended within a few months at this rate.
Memo to David Wright The share price... you still being in your job... W T F ?
Re: Unacceptable Figures not too good and losses continue. I can see the sp dropping further until there is a sign of at least break even. It's not jam tomorrow yet I am afraid.
Unacceptable The share price performance is unacceptable.Emma Kane comes from a company that is extremely successful.Emma Kane needs to take over and quickly. A lot of expensive but non-delivering male executives need to be axed.Sanity needs at least to be attempted as a company strategy.
Re: Citizen Kane I think Stefan might have something to say about that. And Gavin. Anyway Porta shareholders need all three to be driving fee income. God knows the business needs it. But Gene and David Wright is one too many highly paid board directors.
Emma It does occur to me that Emma Kane - as the boss of the one genuinely successful business within the group and now fully devoured by it - would make the obvious choice to succeed the doddery David Wright. There is real potential here, but it needs someone with her vision - and her experience of business life in THIS millennium - to pull it all together. Simply the announcement that Emma was taking over and Wright departing would I guarantee send the share price heading sharply north.
As I was saying Emma Kane the boss of Redleaf that is now part of Porta...I was hoping it might be external stake building.Still she at least is a great operator and Redleaf is one part of Porta that is powering ahead... I would feel a lot better if Porta was not a part of Redleaf rather than the other way round.
Citizen Kane Who is Emma Kane? She has more than 3 per cent of the company now. Poor thing.
Re: Director buying Yes I distinctly remember the £1 promise. Chance would be a fine thing...