Share Name Share Symbol Market Type Share ISIN Share Description
Parkmead LSE:PMG London Ordinary Share GB00BGCYZL73 ORD 1.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +0.43% 58.00p 57.00p 59.00p 57.50p 57.50p 57.50p 47,367 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 18.6 -30.8 -35.2 - 57.38

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Date Time Title Posts
21/10/201610:14PMG, anyone heard of it??5,531
04/10/201618:24Independent tips Parkmead Group at 50p1,769
29/5/201618:06PC MEDICS. A scary bet.49
11/2/201520:41Parkmead Group - An 'Accelerated Dana Petroleum'?197
18/11/201110:46*** PMG - Tom Cross walks on water ! ***15

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Parkmead Daily Update: Parkmead is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PMG. The last closing price for Parkmead was 57.75p.
Parkmead has a 4 week average price of 57.23p and a 12 week average price of 53.83p.
The 1 year high share price is 96.75p while the 1 year low share price is currently 39p.
There are currently 98,929,160 shares in issue and the average daily traded volume is 128,097 shares. The market capitalisation of Parkmead is £57,378,912.80.
therealdeal5: Just, how I see it, others can see it how they want to, be interesting to see what happens to the share price today, as it has been falling fast before this RNS came out, so someone knew about it and thought it was bad news I assume,
leedskier: Do you believe that there is any correlation between the share price and the asset value of most Aim oil companies?BLVN has more cash in the bank than its market capital.
ed 123: Good morning, Cyan. Yes, I don't blame TC, and he's got a good chunk of his own money here, so credit for that. I don't hold any PMG but looked at the interims to keep up to date. Wouldn't have posted at all but for the two positive posts I saw. No offence to either poster and I'm genuinely happy to read opposing viewpoints but .... Trymybest and any others. I'm certainly not intending to panic anyone out of their holdings. I can't see into the future any more than the next person. Parkmead's got cash and if the oil price rises before the cash runs out, then the share price could go up. On the other hand, if the Brent crude price stays in the $50's then it's not looking good, imo. As we all know, these are very difficult times for the sector.
cyan: The collapse in the share price is to be expected after the continued slump in the oil price. Much of the companies inflated value was based on PERTH. Imo no chance PERTH will be developed if oil sits in the $80-85 range let alone lower . This very sour oil field will be pricey to develop and the crude will not be getting top whack money. Perth hasn't been developed in the last 30 years for sound reasons. Have to hope the next report has warm words about Athena and its future prospects.
therealdeal5: not nonsense it was negative news end of, any negative news in this market can and will affect a share price, try to think outside of the box fella, it helps.
eburne1960: The consolidation is irrelevant to the share price performance, which you should know if you were the millionaire playboy you pretend to be on other boards.....
saucepan: Parkmead first came to my attention last Thursday when I received my copy of Shares Magazine with a special feature: Driller Thrillers: small oil and gas explorers set to make it big. The stock that stood out for me in the write-up was Parkmead, in particular because its Executive Chairman is a certain Thomas Cross - the person who made such a success of Dana Petroleum (a stock I followed from humble beginnings, but sold far too soon!) It is Tom Cross himself who has declared that he wants to make Parkmead 'an accelerated Dana Petroleum', hence the strapline to this thread. Over the weekend I have been doing some further research. One of the first things I discovered, and something I always like in a Company - is just how much useful information for investors is shared on the Company's website. It made the research part easy. I have posted a link to this research in the thread header. I don't want to reproduce the latest Shares Mag write-up here for copyright reasons, but I expect it will soon be up on the Parkmead website. The gist of the piece is to do with: * the share price currently being below the valuation of core assets * the expected growth to come * participation in North Sea Licensing rounds * Funds for further acquisitions * Parkmeads interests are in the North Sea and the Netherlands - so no political 'nasties'. * and, of course, the track record of the man himself - Tom Cross, reassuringly the largest shareholder: so his interests are also aligned with private investors. I normally prefer to buy stocks with established chart momentum and often involving breakout. I am the first to admit that currently the PMG share price is somewhat stagnant.   However, I think that could change quickly with the next piece of positive news that could come at any time. PMG is a share I feel I would like to tuck away for the medium/long term - hence I thought I would open this thread and try to keep it up-to-date with significant developments as they occur. I have started stake building now. I hope to average up if things go as expected. I bought today at 218p.
aphrodites: Thereakldeal Have a look just above at my post on 2-1-14, 4844-4850 in reply to anotherardbeg!! I have held PMG shares for over 18 months and have not posted on this thread before but I like to follow the gossip. I am a keen follower of the Elliott Wave Theory and at times like this I find it extremely helpful in helping with my trading positioning. If you can scalp 20/30% off a share rally it is helpful to know where the sell out points are likely to be. What I do find very, very interesting with PMG is that normally on a share price consolidation the share price falls. This is what in the wave pattern with PMG makes £3 look so convincing!
haydock: The track record is the key to the chances on PMG. T.C. does have the right mix for success ? Amy McLellan's 62nd conference started with a presentation on a subject very close to delegates' hearts: how to spot an oil and gas winner. As Andy Spriggs, managing director of upstream consultancy Rockflow Resources, made clear, however, there are far more losers than winners in the AIM oil and gas game. Spriggs took a snapshot of the share price performance of 102 E&Ps listed on AIM, of which 66 started up since 2006. Most are trading below their original listing price, none pay dividends and the average investor can expect to lose money investing in start-up E&Ps, said Spriggs, who has 22 years of international oil industry experience.'s 62nd conference started with a presentation on a subject very close to delegates' hearts: how to spot an oil and gas winner. As Andy Spriggs, managing director of upstream consultancy Rockflow Resources, made clear, however, there are far more losers than winners in the AIM oil and gas game. Spriggs took a snapshot of the share price performance of 102 E&Ps listed on AIM, of which 66 started up since 2006. Most are trading below their original listing price, none pay dividends and the average investor can expect to lose money investing in start-up E&Ps, said Spriggs, who has 22 years of international oil industry experience. Looking at share price performance since listing, Spriggs found that of the 102 companies there were just 24 winners, delivering an average 140 per cent gain, while there were 78 losers, with an average 73 per cent loss. Getting it right can, therefore, yield real rewards and regulars will be familiar with those that have enjoyed spectacular growth, either moving up to a main market listing or attracting a massive buy-out premium from bigger players. Unfortunately they will also be able to list many more who have been acquired at distressed prices or ceased trading after running out of money. How then to spot the potential winners among the also-rans and out-and-out no-hopers? Spriggs has identified three types of start-ups: Explorers, which are led by geoscientists and target a high risk, high reward type play; Engineers, led by petroleum engineers keen to use their skills to extract value from existing fields; and Entrepreneurs, led by commercial deal makers who use their commercial nous and political access to win early entry into otherwise off-limits opportunities. The most successful group were the Engineers, with five out of ten trading above their starting point while in the Explorer group, only three out of 28 were above their starting point and those three had all had big hits in frontier basins. "Most burn through money before they hit the big one," said Spriggs. For investors looking for the characteristics of a successful company, the key would appear to be management track record and focus. Successful explorers have a strong focus, either on a particular play or geography. "It's not random casino drilling, they are looking for something specific, to either prove or disprove a particular play concept," said Spriggs, who also noted the importance of having sustained funding for exploration campaigns where dry holes will be a fact of life and the ability to secure early entry to get good fiscal terms and low entry cost. Focus on specific geography or production technology is also important for Engineers, he said, along with having full multi-disciplinary teams, high equity interests and a history of presence on the ground in host countries. Failings in due diligence, cash constraints and poor management are key weaknesses. Entrepreneurs thrive on securing preferential access to opportunities or responding quickly to political change but their weaknesses may be poor due diligence or failure to assemble a team with strong technical skills to develop the acquired assets. These are all issues that would-be investors need to be aware of before parting with money – it's one reason why events can be so useful as it provides a forum to quiz executives and get a feel for their grasp of the business. It was an interesting presentation and provided delegates with a useful check list against which to assess the merits of the remaining presenting companies
robs12: Current situation is PMG hold 4,377,039 shares (2.51%) in Faroe Petroleum (FPM). That is worth just under £9m. Net cash at end 2009 was £3.2m, so lets say NAV is a nice round £12m. PMG has 603,635,898 shares in issue. So, based on NAV, that is just under 2p/share. With share price currently at 7p, market cap is ~£42m. That's approx 5p/share (or £30m, 75% of market cap) of 'value' for TC (who was already a director & major shareholder). So let's think about a rights issue... Dear Mr Shareholder, we're going to let you buy more shares if you want, at the bargain price of 4p. We want to raise £40m, so we'll let you buy 1.7 shares for each share that you own. Everyone piles in & takes up the wonderful offer. Net result is that the company now has assets of £9m (FPM) + £43m cash, and 1.6bn shares in issue (ignore any consolidation for now - 603.6mx(1+1.7) = 1.6bn). So NAV is £52m, split over 1.6bn shares is 3.25p/share. Assuming the share price after the rights holds up at 4p, the mkt cap would be £64m, so TC's new 'value' is £12m. Maybe that's fair, if you have a good belief that he can get a good return on that $43m cash. With the share price at 7p, mkt cap would be £112m, and TC's new 'value' would be ...err...£60m ...or twice what it is now. Not sure that that will work... Rights issue might happen, but the share price (both the offer price & the post offer SP) will need to be be a whole lot lower than it is now? Placing - if I was wanting in, I'd want it on terms that were based on NAV & perhaps a small premium for TC (& I imagine that normal terms would be at a discount to NAV, but don't really know, don't work in that world..). Small premium being perhaps 10%, 20% maybe? So maybe 2.5p/share tops? Lets throw the boat out & say he has some really good friends - 3p. Raise $40m at 3p is 1.2bn shares, so new shares in issue 1.8bn. Do the sums as above to work out what the share price might be.... So I'm afraid I can only see the share price coming down significantly from where it is now. Unless...FPM comes in in a big way. Of course, FPM drill results may change the backdrop somewhat. I don't have a stake in FPM, so don't know what good news might be worth to them, but say it could double...that obviously has an impact on all the above numbers, and would have a positive impact, but not THAT positive, assuming the PMG share price moved upwards in line to reflect the FPM holding? Could be that if FPM share price doubled, PMG NAV could hit 4p or thereabouts? Hence placing at 4p or thereabouts? I still can't justify the current share price (but very glad it got there). (As an aside, given timings & current lack of published AM results, I wonder if that change of backdrop may be sooner rather than later, and whether there is already a whisper to those that may need to know?! But that would be insider dealing of course, so couldn't happen...) But what do I know, apologies if any of the sums are terribly wrong, have enjoyed a couple of glasses of a very nice red already.. ;-))) Good luck to all.
Parkmead share price data is direct from the London Stock Exchange
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