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
  -1.375p -3.91% 33.75p 33.50p 34.00p 34.00p 31.75p 34.00p 579,660 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.4 -6.4 -6.8 - 33.39

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Date Time Title Posts
22/9/201719:03PMG, anyone heard of it??6,125
06/8/201717:48Independent tips Parkmead Group at 50p1,791
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 35.13p.
Parkmead has a 4 week average price of 31.75p and a 12 week average price of 31.75p.
The 1 year high share price is 71p while the 1 year low share price is currently 31.75p.
There are currently 98,929,160 shares in issue and the average daily traded volume is 96,894 shares. The market capitalisation of Parkmead is £33,388,591.50.
francoismyname: Only thing then is Tom has a 20% start when the voting begins. Surely he can't be happy seeing his net worth in this share be circa £7m when it was worth £20/ £40m when the share price was £1/£2. May make an entry soon as getting close to cash value .
ghhghh: CLNR has stated they must raise cash by YE and likely to be equity raise. Hence they look in a very weak position. Agreed might make them a distressed takeover target but I wouldn't buy the equity now. Would rather try to get in on the equity raise which is more likely. My broker says he's been told that current fall in PMG share price linked to concern over the Athena abandonment liability? Evidently been some mention of this on Twitter? This was my principle concern and PMG have been pretty cagey about exactly what has happened? They have written off most of Athena's valuation but still maintain significant value? I assume they still view Athena as having value if incorporated into Perth hub, assuming higher oil price of course. Maybe partners just want to write off now but this means crystallising abandonment liability?
therealdeal5: Just like to add I sold all my pmg shares a long time ago and bought into Cluff as I believe I will get shares in PMG via the back door through Cluff , I would not buy shares in PMg with my cash at the moment, I would want at least 1 PMG share for 3 of my Cluff shares, I would be happy with that, that would give PMg trillions of cubic feet of gas for very little issue of shares!
ziblot: hTtp:// The Parkmead Group plc 102.5% Potential Upside Indicated by finnCap The Parkmead Group plc with EPIC/TICKER (LON:PMG) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at finnCap. The Parkmead Group plc are listed in the Oil & Gas sector within AIM. finnCap have set a target price of 81 GBX on its stock. This indicates the analyst now believes there is a potential upside of 102.5% from the opening price of 40 GBX. Over the last 30 and 90 trading days the company share price has increased 0.5 points and decreased 9.75 points respectively. The 52 week high for the share price is currently at 72.19 GBX while the 52 week low is 37.5 GBX. The Parkmead Group plc has a 50 day moving average of GBX and a 200 Day Moving Average share price is recorded at . There are currently 101,532,553 shares in issue with the average daily volume traded being 14,439. Market capitalisation for LON:PMG is £40,739,937 GBP.
ed 123: Hi Pherber. Yes, I did mean, "puffed up", even though the share price was at a multi year low. Without the "Tom Cross premium" where would Parkmead be trading now? 30p? Anyway, is that "Tom Cross premium" justified any longer? Look back at his Athena deals. How clever was that? Also, gathering that clutch of licences around Perth/Dolphin .... Why should it attract new development money now, when it was a 'no-goer' at $100 oil? Certainly Parkmead can't afford to develop it. Past partners have walked away. Likely to be another loser for Parkmead shareholders? Definitely agree that O&G is laced with risk. Hope it goes well for you. And, I won't feel smug if it doesn't. Just trying to get some balance here.
ed 123: I don't see why Parkmead write "important" in the rns title. Their former partner, Verus, is well funded but chose to get out. Farne itself has not been proven to contain any hydrocarbons, afaiaa, so what value would an extension, to possibly nothing, be. Parkmead have previously said the acquired blocks need 3D seismic before deciding whether or not to drill. So, there's no certainty these new blocks will even get a single well. To me, it looks like just another gamble but, as the share price is bumping along at a multi-year low, the rns gets the "important" tag. Fair comment?
fardels bear: Repost from MaryMullins on LSE regarding the Athena decommissioning - which is detailed in the 2016 company accounts. Should not be a surprise to anyone, clearly shown in accounts note 21 under decommissioning. PMG share is £10.4M. It is no secret that PMG wanted to redrill Athena but Ithaca went for the unsuccessful workover. PMG include Athena as part of the hub. If the decommissioning goes ahead it will be spread over 16 years but it is a future liability nontheless or a cheap future production well depending on your view.
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.
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.
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.
Parkmead share price data is direct from the London Stock Exchange
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