dreamcatcher
- 18 Jan 2014 13:08
Porta Communications plc is the holding company for an international communications and marketing business with a clear mandate to maximise shareholder value.
Within Porta there are currently two divisions which between them provide the synergy to build a successful international business. These divisions are; Public Relations, including financial, corporate, consumer and public affairs and Advertising, including marketing communications, digital services and media planning and buying.
The success of the company will continue to be delivered through:
•The recruitment of teams of key executives, with proven track records within the industry, who are committed to the Board’s and the CEO’s vision
•The active acquisition of established Public Relations, Advertising and associated businesses where there is clear synergy and energy to continue to build a fast growing international
http://portacommunications.plc.uk/

dreamcatcher
- 14 Mar 2014 18:38
- 7 of 26
Cheers doodlebug4, just an increase in holdings.
panto
- 28 Mar 2014 12:05
- 8 of 26
on the way up after announcing 2 new adquisitions
Porta acquire two businesses from WSM
Porta Communications, the AIM quoted international marketing and communications business, has acquired two businesses from WSM Communications Group.
The deal is to be financed by the issue of 7.5m ordinary shares of 10p each in Porta at a price of 14.075p per share, with 5,723,802 of them subject to a 12 month lock-in agreement and a further 12 month orderly market agreement.
The remainder of the shares are subject to a three month orderly market agreement.
The two businesses incorporate a digital team of 12 specialists and seven print management and design specialists, providing between them full studio design and art-working capabilities and a full digital design and production unit, servicing a range of blue-chip clients. The business units generated approximately £1.3m of fee income and a small profit in aggregate in the 11 month period to February 2014.
WSM will continue to work closely with the units sold to Porta with a commitment to place digital, design and print activation work where possible to these businesses.
Group CEO, David Wright, said: "Through our advertising agency 21:12 we are already working with the digital team on a number of client projects and are witnessing how their digital capabilities are significantly enhancing our ability to offer existing and new clients digital solutions to their wide ranging communications needs.
"We are also very excited to welcome the highly successful design and print team who I am sure will continue to thrive within the Porta network and client base".
dreamcatcher
- 22 Apr 2014 07:08
- 9 of 26
Significant Contract win & Qatar Office opening
RNS
RNS Number : 1209F
Porta Communications PLC
22 April 2014
22 April 2014
PORTA COMMUNICATIONS PLC
(the "Company")
Significant Contract Win
Qatar Office Opening
Porta Communications plc ("Porta" or the "Group"), the AIM quoted international marketing and communications group, announces that its Public Relations company in Australia, Newgate Communications PTY Ltd, has been appointed by the Australian government to handle Phase 2 of the Medibank privatisation. Fees for Phase 2 for Newgate have been agreed at A$2.42m.
In addition, Porta is delighted to announce that it is launching Newgate Communications in Doha, Qatar. During the process of launching this venture, the team based in Qatar has already secured its initial retainer contract and is in the process of negotiating a number of further potential contracts.
David Wright, CEO of Porta, said, 'With the launch of the Qatar business, we now have a very solid base on which to build our capability in the Middle East. We would anticipate breaking into profits in Qatar as quickly as we have done in Abu Dhabi, and expect both offices to work closely with each other.'
dreamcatcher
- 23 Apr 2014 07:05
- 10 of 26
Acquisition of Redleaf Polhill
RNS
RNS Number : 2707F
Porta Communications PLC
23 April 2014
23 April 2014
Porta Communications plc
Acquisition of Redleaf Polhill
Porta Communications plc ("Porta" or the "Group"), the AIM quoted international marketing and communications group, is pleased to announce the acquisition of 51% of the issued share capital of Redleaf Polhill Limited ("Redleaf") (the "Acquisition"), a leading full service communications agency from its shareholders (Emma Kane, Ian Rosenblatt and Julian Polhill), with an option to acquire the remaining 49% over the following three years. The Acquisition is expected to be earnings accretive within its first full year.
Redleaf, which is based in the City of London, will become part of Porta's Public Relations division but will continue to be run as an independent agency by its existing team and will retain the Redleaf brand.
Terms of the Acquisition
Under the terms of the Acquisition, the Company has acquired 51% of the issued share capital of Redleaf for £1,795,000 ("Initial Acquisition"), satisfied as to £897,500 in cash and the balance through the issue of 6,998,050 ordinary shares of 10p each in Porta ("Ordinary Shares") (the "Consideration Shares") of which 1,760,010 will be issued following payment of certain sums under the Acquisition Agreement. The Consideration Shares are subject to a lock-in agreement which provides for a 24 month lock-in period and a further 12 month orderly market period. The Acquisition also involves the grant of put and call options relating to the purchase by Porta of the remaining 49% of the issued shares in Redleaf which are exercisable in three tranches following the end of each of the next three full financial years of Redleaf on similar terms to the Initial Acquisition. Any additional consideration payable under the put and call options will be satisfied 50% in cash and 50% in Ordinary Shares.
Reasons for the Acquisition
Porta has a stated strategy of acquiring established Public Relations, Advertising and associated businesses where there are clear synergies as the Group continues to build a fast growing international business. The Directors of Porta believe that Redleaf has a strong track record, an excellent client list and a highly regarded team and reputation.
In turn, the Directors of Porta believe that Redleaf and its employees and clients will benefit from being part of a larger and faster growing group with a significant international footprint.
About Redleaf Polhill
Redleaf was founded in January 2000 by Emma Kane who has over 25 years' experience in financial and corporate PR. In December 2010, Redleaf acquired Polhill, a specialist financial and professional services PR agency founded in January 1986. Today, Redleaf is a full service communications agency with specialist teams in financial PR, retail investor relations, property and private equity PR, insurance, professional and financial services PR, and professional services. In January 2014, Redleaf was awarded the Grant Thornton QCA PR Firm of the Year, and in March 2014 the KPMG/Shares Best Advisor-Financial PR; Redleaf also specialises in issues and crisis management and is currently shortlisted for Best Issues/Crisis Communications campaign 2014 by the Chartered Institute of Public Relations.
Redleaf made an operating profit of approximately £0.61 million in its financial year ended 30 November 2013. However, as a result of an exceptional write down of a related party loan, it made a loss after tax in the period of £0.29 million. At 30 November 2013, Redleaf had net liabilities of £0.2 million.
Commenting on the Acquisition, David Wright, Chief Executive of Porta, said:
"Redleaf Polhill has an exceptional market reputation and is known for delivering powerful communications and investor campaigns for its clients. It brings with it a very strong leadership team and strength and depth in its employees. We are delighted to welcome the team and its strong brand to the Group."
Emma Kane, Chief Executive of Redleaf Polhill, added:
"We are very excited about the opportunity to become part of Porta whilst remaining independent both operationally and as a brand. Access to Porta's ever increasing international network was particularly attractive as well as being a member of the same group of companies that comprises so many agencies we admire. This is great news for our team and clients and we look forward to be part of the exciting future that Porta offers."
Application will be made to the London Stock Exchange for 5,238,040 Ordinary Shares to be admitted to trading on AIM. It is expected that admission will occur and that dealings will commence at 8.00 a.m. on 29 April 2014. Following admission of these Ordinary Shares, Porta's total issued share capital will consist of 228,705,193 Ordinary Shares, each carrying one vote per share. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.
- Ends -
panto
- 23 Apr 2014 09:20
- 11 of 26
Was a case when the share price bounce from the recent boout of profit taking.
The two RNS have stop the slide, now is a case of keep rising ahead of the results were the CEO has been bullish ...... " David Wright, chief executive of Porta is ‘extremely bullish about prospects in the current year’. "
dreamcatcher
- 23 Apr 2014 16:53
- 12 of 26
UPDATE - Porta Communications welcomes Redleaf Polhill team through acquisition
By Giles Gwinnett
April 23 2014, 3:34pm
City based Redleaf, founded in 2000, will become part of Porta's Public Relations division
City based Redleaf, founded in 2000, will become part of Porta's Public Relations division
---ADDS BROKER COMMENT AND SHARE PRICE---
Marketing and PR firm Porta Communications (LON:PTCM) has acquired 51% of communications agency Redleaf Polhill in a deal that is expected to be earnings accretive within its first full year.
City based Redleaf, founded in 2000, will become part of Porta's public relations division.
Porta paid for the firm in cash and shares from shareholders Emma Kane, Ian Rosenblatt and Julian Polhil and has an option to acquire the remaining 49% over the following three years.
Porta's chief executive David Wright said: "Redleaf Polhill has an exceptional market reputation and is known for delivering powerful communications and investor campaigns for its clients.
"It brings with it a very strong leadership team and strength and depth in its employees. We are delighted to welcome the team and its strong brand to the group."
Under the terms of the deal, the firm has acquired 51% of Redleaf for £1,795,000, of which £897,500 is in cash and the balance will be settled through the issue of around 6.9mln Porta shares.
Redleaf made an operating profit of around £0.61 million in the financial year to November 30 last year. However, due to an exceptional write down of a related party loan, it made a loss after tax in the period of £0.29 million.
House broker N+1 Singer said the acquisition increased the scale of Porta’s activities and would bolster its client list, adding to its credibility and aid further its new business activity.
Yesterday (Tuesday), Porta announced the launch of Newgate Communications in Doha, Qatar, saying it had already secured its initial retainer contract and was negotiating further ones.
Newgate, in Australia, has also been appointed by the government to handle the second phase of the Medibank privatisation, fees for which (phase 2) were agreed at A$2.42mln.
Porta shares edged up 0.93% to 13.625p.
dreamcatcher
- 28 May 2014 12:23
- 13 of 26
Porta Communications keeps its foot on the pedal
By John Harrington
May 28 2014, 8:30am
Porta Communications keeps its foot on the pedal
Strong growth in the top line at Porta Communications (LON:PTCM) saw underlying earnings turn positive at the international marketing and communications firm.
Revenue in 2013 almost tripled to £24.4mln from £8.4mln in 2012, with most parts of the group showing strong growth throughout the year.
The year ended with a bang, with a number of significant contract wins, particularly on the public relations side, helped by a flood of companies coming to the stock market.
Headline underlying earnings (EBITDA), which excludes a number of one-off items such as start-up losses of £2.1mln (2012: -£1.5mln), totalled £1.4mln, versus a loss (LBITDA) the previous year of £522,000.
The group racked up positive EBITDA in the final quarter of £650,000, and that was after all exceptional costs, including start-up costs.
The company’s reported (statutory) loss almost halved to £2.5mln from £4.9mln the year before.
“The board does not believe that the size of the reported loss indicates the efforts and progress made over the year,” the company said.
During the year the number of clients in the public relations division grew from 150 in 2012 to 275 as at 31 December 2013.
As for the Marketing and Advertising division, the group said its Twenty20 Media Vision (TTMV) consumer advertising agency and the 21:12 financial services advertising agency require more critical mass to make a meaningful contribution, so some profitable bolt-on acquisitions that provide clear synergies are on the agenda for the company’s management.
TTMV had a very good start and finish to the year, despite incurring a bad debt in December and some very quiet trading months in the summer. 21:12 has taken longer than expected to make a positive contribution, but with a number of very big client wins, a substantial improvement is expected in 2014, the company said.
The first three months of 2014 have seen a continuation of the positive trends seen in the final quarter of 2013 and the board remains confident of delivering continued strong growth for the remainder of the current year.
"It has been a year of significant growth for the group,” declared David Wright, chief executive of Porta.
“We have expanded our market presence in the Asia Pacific and Middle East regions as well as strengthening our existing businesses in the UK and Europe. With a number of new quality professionals welcomed during the year we are confident that the team we now have in place has the skills, experience, creativity and drive to deliver our ambitions," Wright added.
Shares in Porta were down 1.7% at 14.5p in the first half-hour of trading.
dreamcatcher
- 26 Jun 2014 07:10
- 14 of 26
AGM Trading Statement
RNS
RNS Number : 5679K
Porta Communications PLC
26 June 2014
26 June 2014
Porta Communications PLC
(the "Group")
AGM Trading Statement
David Wright, Chief Executive of Porta Communications PLC, the leading international marketing and communications services Group, will make the following statement at the Group's Annual General Meeting today:
"After five months of the current year, the performance of the Group remains on track, making substantial progress towards our goal of delivering positive EBITDA after all costs for the full year. Our growth trajectory continues with gross profit (fee income) growing by approximately 2.4 times to over £8 million and EBITDA, after all costs, increasing by approximately £1.6 million to approximately £0.8 million, when compared to the first five months of the prior year.
"The Communications division, which represents the largest part of the Group under the global Newgate brand, has performed ahead of budget, particularly in Australia. We are experiencing strong new business flows and the Board currently believes that this trend will continue for the remainder of the year.
"The performance of the Marketing and Advertising division was under budget in the year to date, however following the implementation of efficiency measures coupled with new client wins the Board expects an improved performance from this division during the remainder of the year."
dreamcatcher
- 30 Jun 2014 16:17
- 15 of 26
Director/PDMR Shareholding
RNS
RNS Number : 8326K
Porta Communications PLC
30 June 2014
30 June 2014
Porta Communications PLC
("the "Company")
Director/PDMR Shareholding
Porta Communications PLC, the AIM quoted international marketing and communications business, was notified on 27 June 2014 that on that date, David Wright, Chief Executive Officer of the Company, purchased 272,727 ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") at a price of 11.0 pence per Ordinary Share. Following this purchase, Mr. David Wright is beneficially interested in a total of 2,743,727 Ordinary Shares, representing 1.20 per cent of the total voting rights of the Company.
In addition, the Company was notified on 27 June 2014 that on that date, Hawk Investment Holdings Limited, a company beneficially owned by Bob Morton, Non-Executive Chairman of the Company, purchased 1,000,000 Ordinary Shares at a price of 10.5 pence per Ordinary Share. Following this purchase, Mr. Bob Morton is beneficially interested in a total of 32,942,552 Ordinary Shares, representing 14.40 per cent of the total voting rights of the Company.
dreamcatcher
- 13 Sep 2014 21:44
- 16 of 26
Interims Tues 16 Sept.
dreamcatcher
- 16 Sep 2014 07:16
- 17 of 26
Interim Results
Highlights
· Revenue almost doubled
· Gross profit up 118%
· Substantial turnaround to positive EBITDA after all costs
· Headline EBITDA around ten times higher than comparable period last year
· Headline EBITDA margin showing a sharp jump from the same period last year
Outlook
· Continued strong growth and further improvements in trading performance expected in second half
· Further acquisitions to help scale up certain business segments already in the pipeline
http://www.moneyam.com/action/news/showArticle?id=4886119
dreamcatcher
- 20 Oct 2014 17:12
- 18 of 26
Newgate Communications Opens Beijing Office
RNS
RNS Number : 7941U
Porta Communications PLC
20 October 2014
20 October 2014
Porta Communications PLC
(the "Company")
Newgate Communications Opens Beijing Office
Porta Communications is pleased to announce that its subsidiary, Newgate Communications ("Newgate"), a leading international strategic communications consultancy, has opened an office in Beijing, China, and appointed David Schlesinger and Tom Grimmer as Senior Advisors to Newgate in Greater China.
Newgate Hong Kong partner Grace Zhang will act as the Head of Newgate's new Beijing office, further developing its growing business in Mainland China.
Richard Barton, Newgate's Managing Partner for Greater China, said, "Since our launch in Hong Kong in January 2013 we have made strong inroads into the Mainland China market across our corporate, financial and public affairs practices. Grace Zhang has a strong track record in advising both local and multinational corporate clients and will drive forward our development in Beijing.
"As we continue to hire in both Hong Kong and Beijing, we are also delighted that David Schlesinger and Tom Grimmer have joined us as senior advisors. Both have been at the cutting edge of journalism, communications and business in the People's Republic of China. Their insights and advice on business and communications in China are proving to be an invaluable resource for our fast-growing global client roster."
dreamcatcher
- 23 Oct 2014 07:10
- 19 of 26
Trading Update
RNS
RNS Number : 0658V
Porta Communications PLC
23 October 2014
23 October 2014
Porta Communications PLC
(the "Group")
Trading Update
Porta Communications PLC announces that for the three months ended 30 September 2014 trading has remained buoyant with all parts of the Group meeting their new business targets.
Newgate Communications in the UK has won 15 new clients and projects, including the Board of Investment (BOI) the national investment promotion agency of the Government of Mauritius. This account will utilise all the Group's offices worldwide. 13 Communications (formed towards the end of 2013) has achieved new business wins including the Silvertown Quays development in London, where Silvertown Quays in the Royal Docks will be transformed into a new innovation quarter and destination for global brands.
Redleaf PR, acquired in April 2014, continues to trade ahead of budget with a regular flow of new business activity.
Overseas, Newgate Australia remains the Group's star performer, while the Singapore and Hong Kong offices are trading profitably in very competitive markets. In the Middle East, Newgate Abu Dhabi, which has been profitable since its formation, is pitching with other Group companies for a number of exciting assignments.
On the Advertising side the 21:12 agency has been profitable for the last two months, helped by projects for BNY Mellon, Hermes Asset Management and JP Morgan.
TTMV, the agency based in Tunbridge Wells, is now operating with a much reduced cost base and we expect it to have a much stronger final quarter following two recent new business wins.
Furthermore, the Group is at an advanced stage of discussions regarding two acquisitions which, if completed, will be relocated to the London office. This is expected to have a marked impact on both trading and levels of profitability. These acquisitions will be funded from the Group's existing resources. The Group is currently simplifying the Newgate corporate structure in London by changing the minority interests and LLP structure to allow these acquisitions to be integrated as soon as possible.
Commenting on the trading update, David Wright, Chief Executive of Porta, said:
"We are encouraged by the current trading and pipeline in each of the business units. We are seeking to conclude the acquisitions before the year end and we expect them to have a material positive impact on the profitability of the business in 2015."
dreamcatcher
- 11 Nov 2014 18:03
- 20 of 26
Acquisition
RNS
RNS Number : 6569W
Porta Communications PLC
11 November 2014
11 November 2014
Embargoed until 0700hrs
Porta Communications PLC ("Porta" or "the Group")
Acquisition of PPS Group
Porta Communications PLC (AIM: PTCM), the international marketing and communications group, today announces the acquisition of PPS Group Limited ("PPS") for a total consideration of £6,161,270. PPS is a leading independent consultancy specialising in reputation management, community engagement and political consensus building, advising on projects such as complex property, infrastructure and energy developments.
The business will operate as Newgate PPS and will become Porta's public affairs arm, managed by Stephen Byfield. The Group's existing, smaller public affairs division within Newgate Communications will be integrated into Newgate PPS.
PPS employs 45 staff operating from offices in London, Manchester, Bristol, Edinburgh, Aberdeen and Cardiff. In the year ended 30 April 2014, PPS's fee income was £4,647,299 with profits before tax of £706,277; the balance sheet showed current assets of £2.67m and net current assets of £1.6m. PPS has cash at bank on completion of £1.6m.
The total consideration comprises £2,930,635 in cash and £850,000 in loan notes with the balance of £2,380,635 satisfied by the issue of 23,806,350 ordinary £0.10 Porta shares at 10p each. The loan notes totaling £0.85m nominal value carry a coupon of 6 per cent and are redeemable 12 months from date of issue for cash. The consideration shares are subject to a lock-in agreement which provides for a 24 months lock-in period with a further 12 months orderly market period.
Commenting on the acquisition, Porta Chief Executive David Wright, said:
"This acquisition is in line with Porta's strategy of building critical mass across the marketing communications mix. PPS is a very successful, professionally run company that will bring a new area of expertise to the Group and is complementary to our existing specialist public affairs offering. PPS's strength in the regions and Scotland will also enable the Group to capitalise fully on the opportunities created by the devolution of powers to those areas."
Stephen Byfield, Managing Director of PPS, said:
"As part of Porta, PPS will be able to offer its clients an even more cohesive and powerful offering. PPS has significant respect for the Newgate team and looks forward to being part of the enlarged team."
Application has been made to AIM for the consideration shares to be admitted to trading and admission is expected to take place on 17 November 2014. On admission of the consideration shares, the Company will have 253,533,895 shares in issue. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 253,533,895 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.
- ends -
dreamcatcher
- 11 Feb 2015 16:17
- 21 of 26
Trading Statement
RNS
RNS Number : 5760E
Porta Communications PLC
11 February 2015
11 February 2015
Porta Communications plc
("Porta" or "the Porta Group")
Trading update
Highlights
· Revenue expected to be close to 30 per cent higher than the previous financial year
· Fee income expected to almost double
· Approximately 35 per cent expected EBITDA growth
· PR division experiencing a strong year across all jurisdictions
· Advertising agency 21:12 gaining traction in core markets
Porta Communications plc, the AIM quoted international marketing and communications business, announces that for the year ended 31 December 2014 the Group continued to show strong growth in revenue and fee income.
During the period revenue is expected to be close to 30 per cent higher than the previous year, while fee income should almost double. On a like-for-like basis revenue should be around 20 per cent higher and fee income almost 75 per cent higher than the previous year. Adjusted EBITDA growth is expected to increase by nearer to 35 per cent as the Group absorbs the impact of negative currency movements and continues to invest heavily in its future growth.
PR Division
Newgate, the international public relations brand, experienced a strong year across all jurisdictions, but particularly in Australia which has built a leading brand in 18 months. Such was the success here that the impact of the weak Australian dollar will affect Group profits before tax by approximately £200,000.
Redleaf PR, which was consolidated by the Group during the year, has also been an impressive performer, trading ahead of budgets on a month by month basis.
Advertising Division
21:12, the financial and charities agency formed in January 2013, has started to gain traction in its core markets and performance is expected to improve in 2015.
Despite a restructuring and cost reduction program TTMV the media and creative agency has not performed in line with its budgets. As a result the Group has elected to expand Summit, a business wholly owned by Porta that also operates in Tunbridge Wells. Summit will take on further creative and account management capacity, creating a much more manageable unit. At the same time trading in TTMV will be discontinued and management do not anticipate any cash obligations associated with this to be borne by Porta. This will have an immediate, positive impact in the current year which is expected to result in a turnaround from losses to a reasonable profit in this business.
Recent Acquisitions
PPS and Publicasity have already been integrated into the Group head office and are successfully pitching for new business alongside other parts of the Group.
The Board anticipates further strong growth in 2015 throughout the Group while margins are also expected to improve with its recent acquisitions operating from one central location.
- ends -
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Director/PDMR Shareholding
RNS
RNS Number : 6310E
Porta Communications PLC
11 February 2015
11 February 2015
Porta Communications plc
("Porta" or "the Porta Group")
Director's Shareholding
Porta Communications plc, the AIM quoted international marketing and communications business, has been notified that Brian Blasdale, Non-Executive Director, today purchased 1,300,000 ordinary shares of 10p each in the Company at a price of 7.5p per share. Following this purchase, Mr Blasdale is beneficially interested in 3,117,322 ordinary shares in Porta representing 1.17 per cent. of the Company's issued share capital. The shares are held both in his name and in his SIPP.
- ends -
Enquiries:
dreamcatcher
- 27 Mar 2015 17:05
- 22 of 26
Director/PDMR Shareholding
RNS
RNS Number : 6331I
Porta Communications PLC
27 March 2015
27 March 2015
Porta Communications plc
("Porta" or "the Company")
Director's Shareholding
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 1,343,766 ordinary shares of 10p each in the Company at a price of 7.5p 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 34,286,318 ordinary shares in Porta representing 12.81 per cent. of the Company's issued share capital.
dreamcatcher
- 28 May 2015 18:20
- 23 of 26
interview-porta-boss-expects-upsurge-in-floats-reckons-co-will-outperform-market-for-next-2-3-years
//////////////////////////////////////////////////////////////////////////////////////////////////
28 May Sanlam... 11.00 Buy
dreamcatcher
- 29 May 2015 14:00
- 24 of 26
Porta Communications chairman buys more shares
By Giles Gwinnett
May 29 2015, 11:12am
Morton is now interested in around 36.2mln shares, representing 13.56% of the capital
Morton is now interested in around 36.2mln shares, representing 13.56% of the capital
Porta Communications (LON:PTCM) said non- exec chairman Bob Morton had bought £135,000 worth of company shares.
The transaction was yesterday and he bought 2mln shares at 6.75p per share through Hawk Investments Holdings, which is beneficially owned by he and his wife.
Morton is now interested in around 36.2mln shares, representing 13.56% of the capital.
Yesterday, the marketing and communications group Porta posted its first annual profit as it comfortably outperformed the sector last year.
Its Australian operations starred, while the recent acquisitions have started to bed in, the company revealed.
Revenues for the 2014 jumped to £23.3mln from £9.3mln a year earlier, giving earnings before tax, depreciation and amortisation of just under £2.2mln.
Organic growth for the year was 75%, while average gross profit per employee increased by a third to £100,000.
dreamcatcher
- 25 Jun 2015 17:09
- 25 of 26
AGM Statement
RNS
RNS Number : 1571R
Porta Communications PLC
25 June 2015
25th June 2015
Porta Communications Plc
("Porta" or "the Company")
AGM Statement
Porta Communications Plc, the AIM quoted international marketing and communications business, will make the following trading announcement at the AGM.
The strong trading pattern highlighted at the time of our preliminary results has continued throughout the first half of 2015. EBITDA after all costs will be significantly higher than that achieved in the whole of 2014. Also, as previously indicated, there will be a big reduction in exceptional costs, reflecting the growing maturity of all our start-ups.
The three main acquisitions made in 2014, Redleaf, Publicasity and PPS are all performing well, while the international start-ups (operating under the Newgate brand) in Australia, Hong Kong and Singapore are all trading at record levels.
The board remains confident about the outcome for 2015.
- Ends -
dreamcatcher
- 10 Jul 2015 21:22
- 26 of 26
Porta Group's new gig takes the biscwit
07:46 10 Jul 2015
Vinnie, the panda in Fox's biscuits TV campaigns, has a new PR company backing him
Fox's
Public relations firm Newgate Communications – part of the Porta Communications (LON:PTCM) group – has won a contract with UK food manufacturing firm 2 Sisters Food Group.
Newgate Communications will provide a combined corporate and financial communications and public affairs programme to support the growth of Birmingham-based 2 Sisters Food Group.
2 Sisters Food Group is the company behind well-known brands such as Goodfella's and Fox's Biscuits.
Newgate will support 2 Sisters Food Group in all its food safety and animal welfare campaigns, as well as innovation initiatives within British agriculture. The role will include media relations, stakeholder and political outreach and support in financial communications, Porta said.