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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Parkmead Group (the) Plc | PMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.25 | 15:27:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.50 | 15.25 | 15.50 | 15.25 | 15.25 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 28/3/2024 17:59 by ashkv 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. |
Posted at 28/3/2024 10:29 by ashkv 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 |
Posted at 29/2/2024 14:10 by therealdeal25 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! |
Posted at 27/2/2024 18:08 by therealdeal25 Pmg rising on hot air, AIM is news driven, wnat news is there here? People pumping made up scenarios of £10 a share 😂🤣&# |
Posted at 26/2/2024 14:47 by robs12 December production figures published - down very slightly from November, but Diever appears back on stream, and LDS looking good.435 boepd net to PMG: |
Posted at 06/2/2024 14:48 by scarboro sonofthebull - i dont disagree that he should do whats best for the owners of PMG. TC is the biggest owner but 70% is owned by others - shareholders are getting a poor deal lending capital out to TC at 2.5% - related party loans make no sense as it creates a big negative for capital to invest and back the growth of the business. the large salary makes no sense. PMG and TC are still breathing - agree and he has had to deal with the worst of circumstances in the underlying market - but there are some easy management wins to increase the status of the business in the stock market - ultimately TC wants to cash out and may need the stock market at some point as a source of capital and exit. |
Posted at 12/1/2024 22:13 by robs12 Just a C&P from the other place:PMG don't produce any oil, and if they ever do get around to drilling Skerryvore it will be several years before it is producing. None of their multiple oil 'assets' that they have acquired since they were formed have ever come to fruition, so nobody in their right mind is likely to attribute any significant value to the few licences they still have an interest in. The gas price might be up a little, but their production figures are lower than last year. The new LDS well now has two months production reported and it's not looking inspiring - 5000Sm3 produced in September and October. Net production to PMG is 275 boepd (October latest figures, November's figures should be out in a couple of weeks) - lower than a year ago, even with the new LDS well now producing. No wonder they haven't announced it... Production graphs here if anyone interested: |
Posted at 28/12/2023 11:00 by ashkv Move on small volumes... Take profits :) You have been informed :)At 21p PMG Market Cap is GBP 23 million whereas per FY 2023 Preliminary Results PMG Net assets GBP 14.660 million Ridiculous valuation for a few hundred barrels of Gas production with Windfall Taxes yet to to be paid.... Only other tangible asset is a drill ready prospect... which is unfunded... |
Posted at 15/11/2023 09:38 by therealdeal25 PMG are done lads, come on stop trying to talk it up, tiny percentages in Holland, never going to make this company grow, you need revenue and lots of it, you need friends to bring in partners that can pay for the drills, PMG have neither that anyine is really interested in, TC has lost it, he truthfully looking back never had it, he just got lucky first time, he is now scratching his head, if AUPEC couldn’t of opened doors for him then nothing can! AUPEC gone now, no staff left, even Ryan bailed, 😂😂&# |
Posted at 21/7/2023 11:05 by mallorca 9 TC has played PMG investors as fools for years now.Cleverly he always leaves one carrot dangling .. there have been a string of them ... now its Skerryvore. Everyone of them has eventually become a huge impairment charge. He seems to be collecting tax losses. TC's main interest is not PMG ... its land and property. For example ... the PMG headquarters building in Aberdeen is held under a separate TC owned company ... however PMG pays rent for that building to the separate TC company. Thus that building is fully paid off by PMG shareholders for the benefit of TC who owns the building separately. He's using PMG as a tax avoidance shell on his other interests ..and for steady cash from the nat gas ... much of which he pays to himself as salary. PMG was formed circa 20 years ago .... turnover still only around £10m ...says it all really ! |
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