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
  -1.50p -4.03% 35.75p 35.50p 36.00p 38.00p 36.00p 37.50p 247,388 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.1 -4.3 -5.0 - 35.37

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Date Time Title Posts
23/1/201817:53PMG, anyone heard of it??6,327
18/11/201710:51Independent tips Parkmead Group at 50p1,807
29/5/201617:06PC 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 (PMG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-01-23 17:01:5336.007,5012,700.38O
2018-01-23 16:34:1436.5030,00010,950.00O
2018-01-23 16:29:1835.985,5261,987.98O
2018-01-23 16:28:2536.007,5002,700.00AT
2018-01-23 16:22:4036.005,0001,800.00O
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Parkmead (PMG) Top Chat Posts

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 37.25p.
Parkmead has a 4 week average price of 36p and a 12 week average price of 31p.
The 1 year high share price is 66p while the 1 year low share price is currently 31p.
There are currently 98,929,160 shares in issue and the average daily traded volume is 308,350 shares. The market capitalisation of Parkmead is £35,367,174.70.
samdb: Pretty clear there is an institution adding then, to have absorbed all that volume and still get a big rise in the share price.
francoismyname: Agreed the whole team are dreadful and that includes the non execs Only good thing is Toms losing more than us with the share price even if he's a multi millionaire with or without this job. Just seems his hunger has gone so why not hand it over to someone who cares a little Tom.
rogerlin: This is what PMG said a year ago when they increased their stake in Polecat and Marten. They seemed to believe in the sour crescent, there is plenty of oil there and presumably costs have come down, but it can only work if the oil price stays up and who knows if that will be the case. IOG seem to have given up on their Skipper heavy oil prospect and have turned their attention to southern basin gas, with some success as it looks just now. Will PMG do the same, it would mean writing off much of their reserves? Or will they come up with a cunning plan for the sour crescent?
cyan: I noted that PMG had a lift in their share price on the basis that the JOG result apparently made it more likely their POLECAT and MARTEN fields would be developed they are sour and I believe similar size. This useful document highlights their relative smallness; hTTp:// "Due to Marten's excellent reservoir properties, a development programme with a single injector well is expected to generate an above average recovery rate and a best-estimate ultimate expected recoverable oil resource of 6.7 million barrels of oil." I am not sure i understand why PMG think JOG's drill success positively impacts the development of Marten and Polecat. Both fields are sour and it appears they are planned to be tied to the Perth hub. This sour hub seems a long way from possible fruition especially since the oil price crash. Maybe I am missing something here?
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.
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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