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PMG Parkmead Group (the) Plc

16.50
-0.75 (-4.35%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Parkmead Group (the) Plc LSE:PMG London Ordinary Share GB00BGCYZL73 ORD 1.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.75 -4.35% 16.50 400,953 15:43:09
Bid Price Offer Price High Price Low Price Open Price
16.00 17.00 17.00 16.50 17.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 14.77M -42.33M -0.3874 -0.43 18.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:28 O 5,000 16.355 GBX

Parkmead (PMG) Latest News (13)

Parkmead (PMG) Discussions and Chat

Parkmead Forums and Chat

Date Time Title Posts
28/3/202417:59PMG, anyone heard of it??12,494
15/11/202309:35PMG Doomed SOB just can’t see it! 58
01/10/202107:18Parkmead Group - An 'Accelerated Dana Petroleum'?220
16/8/201806:26Independent tips Parkmead Group at 50p1,808
29/5/201617:06PC MEDICS. A scary bet.49

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Parkmead (PMG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:21:2916.365,000817.75O
15:56:1516.85100,00016,850.00O
15:52:3416.8516,8002,830.80O
15:42:5716.1532,0005,168.00O
15:42:4616.5612,3642,046.86O

Parkmead (PMG) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Parkmead Daily Update
Parkmead Group (the) Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker PMG. The last closing price for Parkmead was 17.25p.
Parkmead currently has 109,266,931 shares in issue. The market capitalisation of Parkmead is £18,029,044.
Parkmead has a price to earnings ratio (PE ratio) of -0.43.
This morning PMG shares opened at 17p
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 😂🤣🤣🤣 8077;🥂
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 19/2/2024 17:50 by therealdeal25
SOB you don’t do yourself any favours predicting the share price her, you must be a glutton for punishment, £1 by Xmas 2 years ago, now you’re predicting double the Sp before April, I suppose even a broken clock is wrong twice a day,
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 05/2/2024 17:14 by scarboro
He needs to tidy up the related party loan. Why are the majority of shareholders subsidising his family. If I were him I wouldn’t be taking an outsized salary either. If he makes a success of PMG he will get multiples back as a 29per cent shareholder by keeping the cash in the business than he will taking it out and paying 45% tax. And he should sell everything to do with wind before the penny drops
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 21/7/2023 10:05 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 !
Parkmead share price data is direct from the London Stock Exchange

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