only a PR company could make this up a £3mill loss and they try to make out this is a profit.....
Results Results due next week should justify a higher SP of 6p that we have now IMO
Re: upward I think it is a measure of how the elderly David Wright is regarded in the City that he just has to announce that he is going to make an announcement and the share plummets. I can't imagine Bob Moulton will let this fail, however, and when we get the inevitable new broom things will pick up sharply.
Re: upward Jeez, I hope you're right, Bowood. The share dropped again today - virtually 10 per cent - to a fraction of its low for the year suggesting a lot of people that matter know a lot more than we humble shareholders do.
Re: upward I feel that the buying and integration of businesses should now be starting to pay off and I think we could be in for some positive and upbeat news on results day.
upward Still, I am up for being pleasantly surprised... it is starting to tick up a bit ahead of the results...
Objective In 2010 David Wright said his goal is for Porta's value 'to approach the £50m mark within two years. '[link] think when a boss of a company sets himself an objective like that and then fails to deliver so spectacularly he does really need to consider his position.
Re: Question Those of us who made a fortune out of David Wright's Incepta group will recall with that company he used to be in the business of continually buying back shares which was brilliant for the sp.To be fair to Wright, he has not got a huge number of shares, certainly a substantially smaller amount than the guy behind PPS (whose name I forget) - and ironically it was the acquisition of that company which began the share price slide.I agree the company has real potential and am inclined to sit this one out. I wouldn't rule out a future tie-in with Huntsworth which is also struggling a bit at the moment to increase its share price.
Re: Question You are bang on. This is a gamble on the personalities involved really. Their reputations are what is really backing this firm. Some of the acquisitions have been truly worthless, but others are thriving. I hope the new directors are being brought in with the intention of letting the older types head off into the sunset. That shouild bring the wages bill down a wee bit!I cannot see an MBO happening. There is little for them to gain from this. At the moment they have all the benefits of teh business and no real risk. That falls for us shareholders.Dilution has been the big problem. There are more than twenty times as many shares in issue now as in 2011! Crazy! Constant selling will keep the price down for now, but I agree with Bowood that intrinsic value, even trading as we are, is north of 7. The potential is MUCH higher.Good luck to us all!
On my list. But i cannot find the reason why ?Cannot see i ever posted here.
complacent It just seems odd that the management seems so complacent about how the share price has more than halved
Results We will have some results next month and they could make interesting reading if the recent update is anything to go by. It will of course be all to do with an update on current trading and how the new management is benefiting the business. I realise there is a seller about but the benefits of the acquisitions and operational gearing should start to motivate the SP. I feel a fair price should be nearer the 7p-9p range where there have been large Director buys and perhaps the current sub 7p is an opportunity to either buy in or top up.
Re: I'm not impressed Have we lost 15% of our holdings in PTCM to the avaricious management incentive scheme?Casa.
group company Proof that they are not all dogs that Porta has bought! Publicasity wins Bosch, NEFF and Gaggenau briefsApril 5, 2016/in Industry News /by Richard O'DonnellPublicasity has had its PR work with BSH Home Appliances extended to include its Bosch, NEFF and Gaggenau brands. The appointment comes a week after the agency was named as the UK PR agency for Siemens Home Appliances.The agency has been retained by German appliance brand Bosch to handle the PR for its range of home appliances, following a four-way pitch.Publicasitys brief is to drive the message of the total Bosch solution for the home and will cover appliances across its cooking, cooling and floor care categories.Activity will kick off in the Spring, with the campaign theme of Every Day Wins with Bosch. The campaign will include a blogger advocacy programme, online media partnership and social media activations, which will form part of a wider marketing campaign across the year.Kitchen appliance brand NEFF has briefed Publicasity to drive awareness of it Cookaholics platform and cooking appliance category, following a four-way pitch.Publicasitys brief is to promote NEFFs Cookaholics platform (a panel of six real-life men and women who are enthusiastic about cooking are creative in the kitchen), with a focus on its ic6 ovens, which offer a number of specialist features for confident cooks.The campaign will kick off in the Summer to appeal to NEFFs key target audiences of real food enthusiasts, and will involve a celebrity and media partnership, experiential events and social media activity. The campaign will be supported by a wider marketing strategy across the year.Gaggenau, known for its high-end kitchen appliances, has chosen Publicasity to promote its cooking and cooling categories in the UK with a year-long PR campaign. The kitchen appliance maker is marking its 333rd anniversary in 2016 across the globe, having been founded 1683. Publicasity plans to raise the profile of the anniversary with a series of events.The Bosch and NEFF briefs will be led by Publicasity associate director Barbara Normile, while the Gaggenau account will be headed up by associate director Julie Malamute.Both Normile and Malamute will report to Heather Butcher, group marketing manager, PR and comms, at BSH Home Appliances.Last week, Gorkana reported that Publicasity was brought in by BSH Home Appliances to handle the UK PR for Siemens range of cooking, cooling and washing appliances, following a four-way pitch.
Re: Question He looks older.There are some pretty wily investors involved in this one - not least Bob Morton - and my guess is they will be pushing to streamline the management team - there are simply too many of them - and quietly book Wright into a good nursing home.An MBO isn't out of the question - it is making money - but a takeover seems unlikely at this relatively early stage when the company has still to get its reputation established.