Parallel Media Share Discussion Threads

[drmaccers] 01/8/2016 15:22

Posting constantly on a share you neither own nor like is bulletin board mental case fact 1 Easymoney

[knigel] 01/8/2016 15:05

60k sold 90k buys - interest here, whatever else..

[eezymunny] 01/8/2016 13:32

What's positive about the recent buying KN? PAA's share price is in a 16+ year downtrend, it is balance sheet insolvent, and currently has no viable business AFAICS. I'd say the recent buying is utterly DEPRESSING, sadly reflecting the rank stupidity of the average Private "Investor". Look at some of the posts you see about PAA - oooh, the market cap is only 400k etc. They are pathetic IMVHO.

[dusseldorf] 01/8/2016 13:23

Eezy - Au contraire Rodney, you do give a flying fig if people buy - this much you have demonstrated. You've also wondered why I hadn't sold any, so please don't give me this air of not caring, because I know you do.

Your 'but it may also survive' caveat gives you as much credit as any other poster here - it should go down, but maybe it will go up, erm thanks for that insight.

According to your good self PAA should have gone bust a while ago, yet it hasn't much to your surprise. I don't believe it will go bust, just that I see the funds better placed elsewhere for 6-12 months, that may change. My toe remains very much is.

KNIGEL - The CGT top ups have been my most recent many below 10p, The 'banked' loss is circa 35%, which I aim to recoup elsewhere. SIPP PAA looks more sickly at present with a B/E around 30p.

[knigel] 01/8/2016 13:20

Please notice the BUYING too - DD you must have sold at a loss and recently you were looking to add! Understand your reason but like Eazy on this occasion you forgot the positive re recent buying..

[eezymunny] 01/8/2016 13:05

I don't give a flying fig what anyone buys or sells DD. It makes no difference to me.

As I've always said, you deserve to lose money here because PAA has been a disaster for 16+ years. I've predicted its demise correctly not because I'm clever, but because it was so easily predictable. If you'd thought harder about it (and spent less time posting rampy drivel) you'd have probably come to the same conclusion years ago and saved yourself a few grand IMO.

Cue something weird happening. Like DC finding a hapless fund manager to put up some fresh funds. Absent something weird it continues to look utter and compete toast to me.

[dusseldorf] 01/8/2016 10:16

Eezy - you'll be pleased to hear I sold just over half my holding today (the portion I held in CGT). The main basis for that decision being Oryx sale - my main safety blanket has been a stable major shareholder, which in my opinion has now been taken away. I also think this pushes the speed of any price recover back several months as they clearly do not wish to hold.

It leaves me with 41,200 in my SIPP, which I'll be keeping and perhaps adding to if something positive happens.

[dusseldorf] 01/8/2016 08:33

Oryx might well be dumpers. If PAA is indeed going to buy some 'live events' and these are UK based as I suspect, it doesn't really fit with 'international growth' (the fund in which PAA are held) does it?

How do you solve a problem like a 24% holder not wanting to hold.

Sounds like the PI's currently interested are maxed out, (including myself).

Not sure I'm comfortable with Tim Sturm being a director associated with Oryx (via harwood) and Oryx being able to sell stock freely.

[drmaccers] 29/7/2016 18:25

The PIs I chat to all hold and hold over 10%

[mister md] 29/7/2016 17:21

maybe they were more than happy to help marketmakers out after the mini buying spree and the buyer(s) at 15.8p have a little while to wait for a return on (return of ?) their money ...

[knigel] 29/7/2016 15:29

No - it appears more likely one party is selling to another party.. Oynx are no pump and dumpers

[twodegrees] 29/7/2016 15:24

pumped and dumped again...who got caught out this time!!!!!

[eezymunny] 29/7/2016 08:11

Oh really Maccers? What did you ask them and what did they say?

[drmaccers] 29/7/2016 07:05

Spoke to the company, I'm more than happy to hold

[daytraders] 28/7/2016 16:52

Hope it works out for you.

[dusseldorf] 28/7/2016 16:38

Daytraders you need to change your broker - yesterday and today I've been able to sell 20-40k shares at any point (Hargreaves Landsdown)

Shame to sell at this stage - if it's going to recover (or go bust) it will do so in the next 12 months. Obviously I'm hedging for a recovery.

[daytraders] 28/7/2016 16:31

Well i had enough and sold all my holding yesterday afternoon for just 13p a share, cost me £9000 few years back, got back just £540 94% loss, and to rub salt in the wounds, my online broker would not sale them for just £9.95 online, so had to do a phone trade at £29.95 cost :(

[eezymunny] 28/7/2016 16:24

You never know Duss, as I've always said...but this looks like the penultimate nail in the coffin to me. Why you've never sold any into any of these muppety spikes is beyond me. You could have picked a winner at Goodwood with the proceeds (a much safer bet IMO!)

[dusseldorf] 28/7/2016 16:15

littlemadam - by posters acknowledgements two PI's have acquired 6% which is circa half the buying volume.

I'm holding out for the sale below 25% to be due to a future technical issue (regarding issue of equity for acquisition), but if Harwood dispose more I'll raise my levels of concern(!)

the sale of shares harwood/Oryx are crystalising represents a loss of £135k on that tranche alone...gulp

Not 100% sure, but also appears they have also effectively relinquished their right to block any action driven by the major shareholder DC (given 25% or above can block)

[dusseldorf] 28/7/2016 16:13

Eezy - it was in theory the only possibility (outside of Director) for sale of that size given holdings we know about. It's a tad concerning given one of the directors (Tim Sturm) part of Harwood who own Oryx is a board member. It's either a 'technical sale' - now putting them below 25% for some reason we are not aware of, or certainly has a level of insider trading (as Tim Sturm has a closer eye than anyone else) and is more concerning.

On that basis I'm hoping the sale has been forced due to some other issue other that Harwood have given up. It's a relinquishing of their blocking rights - unless they plan to participate in some future fundraise which by volume ownership dictates that they must sell down some stock - clutching at straws perhaps.

I'm continuing to hold regardless until acquisition targets and method of funding is identified.

[eezymunny] 28/7/2016 16:03

My guess, littlemadam, is that the uneducati (twittering idiots) have been buying, and the most recent insti to get mugged by this company (they've been mugged for 16+ years) has sold into the spike, grateful to get a few pennies back for their "unfortunate" investment.. Oh dear, look how much more they have to sell.

Good luck selling your near 3%'s Mr & Mrs Uneducati!

Don't forget this company has almost no revenue (274k last year), does NOT have a music biz (that's owned by the chairman), has sold it's golf operating subsidiary to the chairman, owes the chairman c. £1m, has other creditors c. £1m, has virtually no cash or liquid assets, is balance sheet insolvent, pays the chairman £200k pa (when they have any money), has just the one exec director (the chairman). Need I go on. It's truly as bad as it gets IMVHO. A now the big institutional shareholder has sold into the spike which perhaps dashes all the bonkers theories on here about them wanting to do something with this wreck.

As I've said many times something out of the blue may happen to save the day but only the uneducati would take that gamble IMVHO!

[littlemadam] 28/7/2016 15:48

So, Oryx (is that harwoid?) is selling. Does that make sense
Who is buying? Should get another rns soon then, showing who is mopping up the stock??
Could be interesting.

[knigel] 28/7/2016 15:48

RNS! Part of the jigsaw...

[drmaccers] 27/7/2016 19:31

Wasn't me selling any. Still got all mine

[dusseldorf] 27/7/2016 13:34

...31k bought am, 31k sold pm - £600 lost in a few hours, now that's trading! will they ever learn?

MM's still taking up to 50k (or above) at bid, now 13p...