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
  +0.50p +1.22% 41.50p 41.00p 42.00p 42.00p 42.00p 42.00p 79,819 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.4 -6.4 -6.8 - 41.06

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Date Time Title Posts
20/7/201717:20PMG, anyone heard of it??5,865
30/6/201717:00Independent tips Parkmead Group at 50p1,787
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 41p.
Parkmead has a 4 week average price of 39.50p and a 12 week average price of 39.50p.
The 1 year high share price is 71p 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 77,587 shares. The market capitalisation of Parkmead is £41,055,601.40.
tournesol: Fardels/Ed The story of an 1800 bagger is completely and absolutely untrue and I've debunked it in great detail on multiple occasions. Here's an explanation I posted long ago. "…"remember the irish woman who invested £400 in 1996 in Dana and receive a cheque for £720,000 from KNOC." This is completely untrue. She would have had to buy 40000 shares at 1p and sell them at 1800p The truth is that during 1996 the share price never fell below 7p so she couldn't have bought at 1p could she? The best she could have done with her £400 was 5700 shares at 7p. But its much worse than that - there was a 15:1 consolidation in July 2003. So the lady's 5700 old shares were exchanged for just 380 new shares. So when she sold to KNOC for £18/share she would have received not a spectacular £720000 but just a measly £6840 - less than 1% of the spurious figure that has been reported…." I believe the story was written by a journalist who did not understand the difference between the nominal value of a share at time of company formation and its current market price. Dana's shares were originally issued with a nominal/face value of 1p but they never traded at that price. The whole story is utter nonsense. I was in Dana from 1996 to the bitter end. I traded in and out at a couple of inflexion points and exited on a multiple of 25x which was jolly nice.
rogerlin: dodgydd, the interim statement in March touches on some of your (very reasonable) questions but unfortunately many of them have as yet no answers, which is why perhaps the share price makes little progress.
nick rubens: Went up on a tip and is being sold down again. I'm surprised a share tip has more influence to move the shares than the company strategy at the moment. I suppose a share price is all speculation until such a time that profitability can be seen ahead. Seems to have bounced from early 40's quite aggressively on the chart, indicating that to be a very oversold area? So maybe the share price is about right for now.
nick rubens: Share price reacting ahead of Statoils drill which if successful will impact positively on PMG because of it's license area close by.
therealdeal5: No you're wrong, they have only just opened the data room, for all we know a deal could be being thrashed out at present, quite likely several trillion not billion TCF of gas, now that's a lot, remember TC is in Gas himself for the future, Oil is old news, Perth Lowlander won't happen anytime soon, so all you are left with is Holland, not much growth there, it will pay the bills and wages but it won't fund any drills that's for sure, he needs to issue more shares so more dilution is coming here, this is the worst down turn in oils history, TC knows this so is going to have to wait a lot longer than he expected, he won't be growing this faster than he did Dana, my fear as I said is he takes this company private, he owns a shed load already, so it would be in his best interest to privatise PMG! My money is on Cluff as you know, I am always correct, got out of here a long time ago as I had a feeling this was going to take a lot more than the small amount of gas this has as an income, and when Athena was struggling I knew TC had made a huge mistake there, he gambled and lost! I wanted to believe he would do it again, but I fear some people have fallen in love with this share, Ithaca? TC won't touch it, speak with Ryan Strougler about it he will tell you straight up, Ithaca carries too much debt already touched base with him a couple of years ago on this subject so you are on the back foot there fella! Not a lot happening here the fall in share price tells you that! Good luck anyway! 👌👌
tournesol: Gargoyle your criticisms appear to be lacking in insight Cross funded PMG with his own money when otherwise it would have withered and died. He deserves his paycheck just for that. He is a cautious man, which is why he did not rush to spend money on distressed assets. He, like you and I, could not be sure that the bad times were over never to return. Had he spent the company's cash, and things had then gone bad you'd be criticising him for doing that. He is in for the long haul. At Dana the share price drifted sideways for ages on more than one occasion. But the company was steered through the doldrums to a very satisfactory destination - a 25 bagger in my own case. I expect PMG to be a repeat performance. As for openess and transparency PMG's website is surely a model insofar as it includes analysts' reports and research papers. I don't know any other company that does that. If you don't share my confidence and optimism then you should sell.
tournesol: When TC ran Dana the DNX share price went sideways for very long periods. I was a practitioner of extreme long termism and was heavily in Dana for many years. I did very infrequent trading overlaid on a buy and hold for (almost) ever position. The bottom line for me was a 25 bagger in which I held 60% of my investable funds. If TC does the same thing again at PMG then I will not complain.
exmooroil: PMG holds 3.9m FPM shares currently worth ~ £4m. A sale wouldn't affect PMG's share price, but it might FPM's. FPM is 39.95% equity partner in P-D-L alongside PMG's 60.05%. These companies are joined at the hip. Why rock the boat by selling?
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.
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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