Parkmead Share Discussion Threads

[fhmktg] 10/1/2019 18:30

Keep the faith, this is the year when licences require progress and the ride will be fun!

[fanshaw] 10/1/2019 18:09

What this company needs is a First Class CEO which would free up Tom to be
able to get on with his full time job of Laird of his his estate.This company
with £30,000,00 of cash with (FMP contribution),No debt and more North Sea licences
you can shake a stick at languishes 56p any one care to comment.!

[itscominghome] 10/1/2019 13:17

No offence taken sir. Good luck

[tournesol] 10/1/2019 12:22

ICH

the competition was just a bit of fun not a serious forecasting exercise and it clearly stated that it was NOT the year end price that was being forecast but rather the high water mark.

I remember that when I forecast 90p I attracted some comment that I was being much too pessimistic

Look you seem to be taking my comments in a negative spirit. I regret that. I think we need to be open to all points of view and we need to be civil. I'm sorry if I've offended you.

[fardels bear] 10/1/2019 11:47

Cheerio, then. Unless you're going to come good with a lecture on dynamos.

PS - I'll bet you a fiver you'll be back.

[itscominghome] 10/1/2019 11:42

Think I'll stay away from these boards in future. It's like Amature hour here all day every day. The fact the winner of the year end price prediction comp was still approx 90% away from the closing price says it all, and he was the closest !! Lol. Good luck all.

[itscominghome] 10/1/2019 11:32

Reading my comments on one board and taxing me about them on another is rather weird if I might say so.Sorry don't follow. Only see and commented on this board ?

[itscominghome] 10/1/2019 11:31

Disaster - I spelt him name wrong lol. Let me know how many PMG you want at 60p ... clown

[tournesol] 10/1/2019 11:27

ICH

I don't subscribe to it.

I flag all media comment related to PMG. But I don't ever imagine it will move the share price.

Press comments and analyst reports are good for information gathering/checking but nobody sensible takes any notice of the recommendations which are appended.

T

[fardels bear] 10/1/2019 11:22

It's tournesol. Attention to deatil lacking, flower.

[itscominghome] 10/1/2019 11:10

Tournesel - if you think so little of the IC may I ask why you subscribe to it and why you feel the need to copy and paste what It says ?Given your views that's a tad hypocritical isn't it ?

[itscominghome] 10/1/2019 11:08

Fardels - you're talking absolute nonsense.

[itscominghome] 10/1/2019 11:07

Tournesel ..I 100% agree with you. I've never so much as looked at the IC. My point is though lots of retail investors DO follow the IC and therefor in small illiquid stocks they can move markets - or small cap prices at least. If a company isn't producing news flow other than tips and rumours little else does move them in times of no new news. I my 30 years of trading I've seen many many prices move on the back of IC, newspaper, bulletin boards etc tips.The fact the IC has now tipped them 3 times tells me they've run out of ammunition and won't be tilling them again - therefor in my opinion (which I believe I'm still entitled too) other than an RNS nothing is going to move this north in the short term.

[tournesol] 10/1/2019 10:52

itscominghome

...The investors chronicle has now tipped them 3 times in the last year with little or no effect…


You cannot be serious.

You surely can't imagine for even a nano second that the IC can move markets? People interested in the stock market refer to the IC as the Chronic Investor, or the Investors Comical.

It's not a source of serious analysis. It is to investment what Hello Magazine is to Sociology.

[itscominghome] 10/1/2019 10:40

Nice idea fardels but do you mind if I pass.

[fardels bear] 10/1/2019 10:34

Can I suggest that you all try trading 60/70 instead? Rather than buy at 50 and sell at 60p, wait for it to hit 60p and all buy...

Just for a change, see what happens.

[francoismyname] 10/1/2019 10:30

Normal service resumed.

Tom failing to capitalise on the share price when its at 60p.

Back down to 50p withn weeks.

Good work Tom

[itscominghome] 10/1/2019 10:30

Aaaaaaand back down to 50p we go zzzzzGetting very bored of this and therefor now trading them 50/60 and keeping a much smaller core holding. This company desperately needs some positive news to break out of this range. I just hope it comes when they're 60p so they can push on not when they're 50p which will just make them 60p again.Classic small cap - investors kept in the dark. The investors chronicle has now tipped them 3 times in the last year with little or no effect.

[tournesol] 10/1/2019 02:33

IC article dated 7/1/19




Oil price recovery to boost small-cap players

The Brent Crude oil price has started to recover... major positive for Parkmead ...a small-cap oil and gas exploration and development company led by 19 per cent shareholder Tom Cross….I included Parkmead’s shares, at 37p, in my 2018 Bargain Shares Portfolio.

The one month forward Brent Crude contract slumped by 42 per cent from a high of $87 a barrel at the start of October to a low of $50 a barrel by Christmas Eve. It has since rallied by 16 per cent from that low point...Parkmead’s exploration activities across 30 licences in the North Sea are in the price for only £19m. The most valuable of which are three licences in the Moray Firth that contain the Perth and Dolphin fields.

To put their value into some perspective, analysts at house broker Panmure Gordon have a risked valuation of £50m, or 50.5p a share, on Parkmead’s undeveloped oil resources, or £372m on an unrisked basis... takeover potential…Buy.

[mallorca 9] 09/1/2019 09:50

Robs ,

very informative post ….. cheers.

[mallorca 9] 09/1/2019 09:49

So what is going on here ?
Agreement on commercial terms on GPA tie back ?
Platypus gas ?
Acquisition ?

Last years high was just short of 80p.

[robs12] 09/1/2019 09:48

TC already owns 19% of the shares at Parkmead. The other directors (and former directors of PMG & subsidiaries) own a further 9%.

Current directors: There are two non execs earning £20K pa. They are on 3 year terms and if they fulfill that 3 years will each get 146,341 shares under the deferred share payment scheme.

Percival & Stroulger earn £152K & £89K respectively, so not huge salaries. They have options (approx 450K & 420K respectively) exercise-able at 35p & 41p.

TC has salary of £509K, and approx 10m options. As well as 19% of the shares.

11 employees hold share options.

They are all well motivated in my opinion!