Parkmead Share Discussion Threads

[therealdeal25] 15/4/2024 19:15

True but I did tell you a while back, we have back to back drills coming up, news out again very soon, still time to make a few bob! You’ll have plenty of time to watch this, let’s face it been watching it for 14 years now and nothing of any substance has happened! Get in now !

[sonofthebull] 15/4/2024 16:55

TRD25
Lol I can't be in every thing

[therealdeal25] 11/4/2024 07:40

Deltic energy flying hope you bought SOB ! Make up your losses here

[sonofthebull] 11/4/2024 06:49

Very good presentation from Parkmeads Fynn Beauly partner Orcadian Energy at Investors meet Company !

[sonofthebull] 02/4/2024 20:54

Orcadian energy and Parkmead are a good partnership.

[sonofthebull] 02/4/2024 18:35

Good share price move from Parkmeads partners Arcadian energy.

[ashkv] 28/3/2024 17:59

It appears nothing happening in 2024 in terms of actual progress - catalysts will be gas price, Skerryvore Farm-out or a sale of PMG!!

Dead money until then - hopefully no more insider deals for dud family land from the Cross piggies.

[chutes01] 28/3/2024 13:51

Article on energy voice indicates fynn beauly, albeit heavy crude, could be huge, tie back to existing assets, and skerryvore is exciting with several options.
His strategy has been a mix of dutch gas and renewables, worth holding to see how skerryvore drill comes off.

[scarboro] 28/3/2024 13:46

Skerryvore is the immediate salvation - but wtf he doesnt clean up the loans - he has cleaned up the decomm and i think in most peoples eyes done a good job of it whether through luck or skill or both. but the loss of credibility of not sorting the loans and buying income with the windfarm. those things are worth f all without G subsidy - sell before the reality hits

[sonofthebull] 28/3/2024 13:37

Why would harbour fund the drill ?
Plenty other interested parties wanting to turn over there own EPL.....

[chutes01] 28/3/2024 13:30

Cross has really messed up shareholder assets here
Time the loan was repaid, he and Andrew Smith are only after cash from the till.
See if Harbour fund Skerryvore drill, for tie back to Judy Platform, otherwise no value left here as you say.

[ashkv] 28/3/2024 10:29

The only real redemption for Parkmead is a sale /for its tax assets!!!

PMG is now partnered with Orcadian and would similar to Orcadian require equity raises to further Skerryvore should it not be able to attract a Farm-out partner.

PMG has Net Cash of around GBP 9.2 million at YE 2023 -> with actual available cash around GBP 5 to 6 million once other certain items are netted which is not enough to progress PMG's share of Skerryvore given where gas prices are!!!

Outright Sale, Equity Raise or a Farm-Out only viable options for PMG!!!

Otherwise it is more of the same. Lets see if the perpetual loan to oinky TC gets repaid in July 2024!!!

Sad state of affairs at PMG :(



Share Price: 17.00p
PMG Current Share Price vs 52 Week low of 12.25p on 6 Nov 23: 36.00%
PMG Current Share Price vs 52 Week High of 38p on 31 Mar 23: -55.26%
TTF Gas Price: 27.55
Shares Outstanding: 109,266,931
Market Cap-GBP: £18,575,378
Market Cap-USD: $23,404,977
GBPUSD: 1.26
Cash-GBP (31 Dec 23 - RNS 28 Mar 24) £9,200,000
Cash-USD: $11,592,000
Debt-GBP: £800,000
Debt-USD: $1,008,000
Enterprise Value-USD $12,820,977
Production (Net) (6M Interim Results 2023): 289
EV/Barrel: $44,363
Decommissioning-GBP: £1,590,000
Decommissioning-USD: $2,003,400
EV/Barrel Including Decommissioning Costs: $51,295

[ashkv] 28/3/2024 10:24

Crazy Parkmead acquired (I believe overpaid) for Kempstone Hill wind farm and still has GBP 800k of high cost interest bearing debt included in the transaction while providing a sweetheart loan to its CEO!!! Atrocious!!!

"Our modest debt has continued to reduce to £0.8 million (30 June 2023: £0.9 million). This debt was inherited as a result of the acquisition of Kempstone Hill Wind Energy Limited in 2022."

[ashkv] 28/3/2024 09:51

What a farce CEO firm loan - and therefore of benefit as CEO doing his job...

Stinks....

The loan was due in 2023 and there is no mention as to further extension - RNS/Or mention in any RNS

POOR POOR CORPORATE GOVERNANCE!!!



Interest bearing loans

On 27 July 2017, The Parkmead Group plc entered into a credit facility with Energy Management Associates Limited, whereby Parkmead agreed to lend up to £2,900,000 to Energy Management Associates Limited to gain exclusive first rights to a number of renewable energy opportunities. This arrangement has been of major benefit to Parkmead, leading to its ownership of the Pitreadie land and wind farm project and the Kempstone Hill wind farm acquisition. In addition, further new renewable project opportunities, in wind and solar energy, are being opened up through this arrangement.

The loan has a period of one year, with a fixed interest rate of 2.5 per cent. Interest charged by Parkmead during the period amounted to £37,000 (Six months to 31 December 2022: £37,000, Twelve months to 30 June 2023: £73,000). The loan is repayable on 27 July 2024.

[fhmktg] 12/3/2024 07:48

News from Sunak/ Cputinho today on gas/local windfarms should help Tom?

[sonofthebull] 10/3/2024 14:18

Equinor still riding high in the North Sea......
They are not backing off !
Good news will always follow.

[therealdeal25] 07/3/2024 09:37

Oh Buzz I fear you have lost your mind on LSD I mean LSE 😂🤦‍♂️ £2-£4 you’re now holding the crown for the most ludicrous ramping!

[typo56] 05/3/2024 20:22

robs12, it's not just £500k pa though. There are other benefits. e.g.

The lease with Tilestamp (£300k-£400k pa)

The £2.9m loan to Energy Management Associated Ltd

I've not looked in here for years. I see it's mostly the same old names, banging on about jam tomorrow. When is tomorrow?

[therealdeal25] 04/3/2024 09:04

Buzz try not to think, you do more harm to your sanity! 😂 34p ?

[therealdeal25] 29/2/2024 14:10

Price is rising on hot wind pardon the pun, no news, AIM is news driven, someone is trying to pump this and it ain’t working! What real news has PMG had for the past 10years?what would really send this north form the past 10 years? It’s here for a reason, no future in the projects they have, price will drop from here again, people off loading everyday!

[chutes01] 28/2/2024 14:41

The price is rising due to demand
Even you can see that

[sonofthebull] 28/2/2024 09:24

Yes I'm very clued up on it....Parkmead is a full blown energy company !

[therealdeal25] 27/2/2024 18:11

SOB if I don’t have a clue about Toms business do you? 😂 what a silly statement that is, you really do trip yourself up at every hurdle, what business ? A few drops of Gas, and a lot of wind pardon the pun! 😂🤣