N+1 Singer - Porta Communications - Management changes
13 Oct 16
Chairman Bob Morton has stepped down as Chairman due to health issues. David Wright (previously Chief Executive) becomes Executive Chairman and Steffan Williams (previously Group MD) becomes Chief Executive. John Foley has become the Senior Independent Director. David Wright commented “I am pleased to announce that Steffan has taken on the CEO role to lead the next chapter of Porta’s development, supported by the Board and myself as Chairman.
29 Sep 16
Cambridge Cognition Holdings* (COG.L) | Edenville Energy (EDL.L) | Avingtrans (AVG.L) | Gaming Realms (GMR.L) | Redstone Connect (REDS.L) | Concurrent Technologies (CNC.L) | Porta Communications (PTCM.L) | Galantas Gold (GAL.L) | Range Resources (RRL.L) | Plutus Power Gen (PPG.L)
05 Aug 16
Audioboom (BOOM.L) | Cloudcall (CALL.L) | Porta Communications (PTCM.L) | S y m p h o n y E n v i r o n m e n t a l Technologies (SYM.L) | Blue Prism Group (PRSM.L) | B e n c h m a r k Holdings (BMK.L) | Bexi mco P harm a (BXP.L) | S t e r l i n g E n e r g y ( S E Y . L ) | AFC Energy (20.75.L) | PHSC (PHSC.L)
A Solid Platform For Future Growth
10 Mar 16
In the past five years, Porta Communications has built a multi-capability global communications platform through organic start-ups and acquisitions. It has generated significant organic growth and has recently reported its first positive operating cash flow. There is much more to be done and the group has re-inforced its senior management team to allow sustained focus on generating growth within the existing client portfolio while continuing to identify strategic opportunities to expand. Profitability is improving rapidly and net debt is forecast to fall. We have initiated coverage ahead of the full year results announcement due in May, the positives of which were highlighted in the recent trading update. The shares are trading on a 54% discount to the wider media sector average.