After a long period of falls, it is good to see some northward movement at last.
The current share price suggests imminent collapse, but I don't see that as likely. It has lately acquired a big overseas investor/partner and it has Bob Morton's money tied up in it.
I think with some sensible rationalisation - the business simply has too many expensive executives - this could become a nice little earner. It has some good clients and some good income streams, but, as I say, it staff costs need to be addressed.
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.
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.
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.
Not a busy 'board' this. Write up on here by Edmond Jackson 16 Oct 2015 "insider stake-building merit attention " Directors buying significant amount of shares. around the 9p mark
I see mackackoo was posting around that time..
The new management structure they have put into place clearly is not working.
And - as you point out - nobody in it has sufficient confidence in their abilities to buy shares even at this level.
Emma Kane of Red Leaf is the one person involved in this outfit who has vision and a great track record - she would be the obvious person to take over.
To think David Wright - who took a huge salary out of this company - once promised to get the share price up to £1 double quick......
Porta isn't an intrinsic basket case, but it clearly needs someone inspiring at the helm now more than ever. Emma Kane?
Or is everyone happy that this company that promised to make shareholder value its number one concern is still dragging along the bottom of the sea?
What this bloated top heavy company needs to do is to announce some contract wins, and, if it can't do that, it needs to announce some of its executives are leaving.
Executives in this company are never sacked but new ones are brought in to work alongside the old ones when they fail, and when they fail too, still more are brought in. This company has layers upon layers of fat now.
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