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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Premier Man. | PMA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 1.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.00 |
| Top Posts |
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Posted at 30/9/2011 14:38 by cudman Around 75% as well I think. Think I bought in 2 or 3 lots between 6.5 and 9p.Plainly obvious that I am a top top investor and everybody should follow my advice!!! ha |
Posted at 23/9/2011 12:11 by napoleon111 well hello hello!I dont doubt his ability to close deals and to get them off the ground, as to what happens once the company is up and running, well, the market dictates that more than he does :-) I wouldnt think he has overstretched himself...if he had 20 vehicles doing the rounds then maybe, but 5 or 6, shouldnt be a problem. He can't really be held accountable for share price movements in the companies he is involved, his job i suppose is to find the assets, plonk them in the company, capitalise the company with cash, and decent peeps on the bod, and then the rest as he will always say, takes time and patience, but at the end of the day, if the asset is in the ground on day one, it will still be there in 10 years! I would imagine he also has to prioritise a lot of his deals more so than most people, so i dont personally mind, for instance, a quiet few months here on pma, whilst he works on ldp, of pfp and ngp, etc, he is only human after all, and i think he would agree, that you cant win them all, anyone who says you can is a numpty! I wouldnt doubt his abilities, and I wouldnt doubt his contact list, and his deal closing abilities...whether they ever come to fruition and make us mega bucks...well, he aint working for us after all, he is looking after numero uno first and foremost! What I actually find amazing (and would love to know his secrets!) is where the hell does he find some of these deals?? Gold here, coal in kyrgyz with ldp, gas with niche, gas and oil with circle, media with ram, TiO2 with pfp, serious spread! If there is an upside i suppose to having a lot of fingers in many pies (and i could be completely wrong, but would love to know what you think about this), there is always the chance of cross selling essentially, and being able to bring other big investors from one co to another, so that must surely be a plus side, should he ever want to go down that road? |
Posted at 04/8/2011 17:11 by napoleon111 Mention in todays timesGary Parkinson Market report August 4 2011 12:01AM It never hurts to have a big name in your corner. Take Zoltav Resources, a little-known AIM shell company that wants to buy oil and gas assets in Russia. Shares that changed hands for 0.33p in December, when Zoltav was still plain Crosby Asset Management, held firm at 3.875p after it emerged that Arkadiy Abramovich now owned 40 per cent of the company. The 20-year-old son of the Chelsea Football Club billionaire Roman, lifted his stake from 26 per cent, bought for £3 million in April, though his investment vehicle ARA Capital. Although Arkadiy is expected to head to university in the United States next year, Zoltav hopes that the Abramovichs' connections in the former Soviet Union will help to open doors on deals there. It has named Symon Drake-Brockman, the former chief executive of RBS global banking and markets in the Americas, as its executive chairman. In the past, he has advised Naftogaz, Ukraine's state oil and gas company. The sellers of Zoltav shares, now as in April, were John McKeon, the Irish businessman with a reputation for sourcing natural resource deals, and Ilyas Khan, the former investment banker who is chairman of Accrington Stanley Football Club. Mr McKeon was also a founding shareholder and director of Circle Oil, off 1¼p at 30p, and helped to build it from a company worth £20 million into one valued at £175 million. He retained 12.5 million shares in Zoltav, one of four AIM ventures in which he has an interest. He is also a 21.5 per cent shareholder in Premier Management, the football agency that reinvented itself as a resource investor, and chairman of both Pathfinder Minerals and Niche, whose shares soared twentyfold in less than a month last year after news that the Irishman was to become a consultant to the then anonymous shell company. |
Posted at 22/7/2011 09:22 by napoleon111 FIONA REDDANTHE FRIDAY INTERVIEW: John McKeon, chairman, Pathfinder Minerals IT'S A long way from Dublin to Kyrgyzstan, but for exploration entrepreneur John McKeon, his life has long been one of contrast. McKeon made his name by founding Circle Oil in 2003, the £200 million (227.7 million) oil and gas exploration company, which recently reported its first profit. Since his departure in 2008, he has invested in projects around the globe, but is now on the cusp of what might be his best investment yet. "It's the biggest thing I've been involved in," he says of his role as chairman of Pathfinder Minerals, a natural resources company which is listed on London's AIM market. Earlier this year the company acquired a titanium dioxide mine in Mozambique from global mining giant BHP Billiton, and McKeon is very optimistic about its prospects. While BHP Billiton had worked the mine for the past 10 years, investing some $29 million in the process, current market conditions mean that the mine's potential has soared. According to McKeon, who owns a 14 per cent share of Pathfinder, there is now a "huge deficit" globally of the minerals mined there, such as ilmenite, due to the growth of economies like China. "It's not a speculative product," he says of ilmenite, which is used as a base pigment in paint, paper and plastics. Indeed a pre-feasibility study put a value on the project of about $500 million, based on mining 1.3 million tonnes per annum, but with prices on the up, McKeon puts its potential at closer to $1 billion. "It's a very, very substantial project," he says. Earlier this week the company successfully raised £11 million (12.6 million) from institutional investors, which should keep Pathfinder going until the end of 2012. After that, alternative sources of funding will be sought with production planned for the last quarter of 2014/first quarter of 2015. But Pathfinder is not McKeon's only business interest. "I get around," as he says himself. His success in Circle means his services are now in demand, and when he invested in Turkish exploration group Niche in 2010, its share price soared on the back of the news. Now the Turkish group has gone from exploration to production, and McKeon says it's looking to increase its presence in Turkey. McKeon has a preference for reversing oil and mineral assets into shell companies. Through former football management business Premier, he has some gold interests in Kyrgyzstan, the third-largest gold producer amongst the Commonwealth of Independent States after Russia and Uzbekistan. And he recently sold some of his share in Crosby Asset Management, a shell company which is looking to acquire oil and gas assets, to Arkadiy Abramovich, son of the Russian oligarch Roman. Networking is key in the exploration business, and McKeon has shown himself to be more adept than most at making contacts, pointing out that being Irish helps in Africa because we have "no colonial baggage". While his ability to bring people on board has led to some dubious link-ups in the past when still involved with Circle Oil McKeon secured a £19 million investment from a Libyan sovereign wealth fund set up by Col Muammar Gadafy these days he is moving in more distinguished circles. During US president Barack Obama's recent visit to London, for example, he had the opportunity to discuss Ireland's current misfortunes with former chairman of the federal reserve, Paul Vockler. And making the right contacts is also paying off when it comes to business. When asked whether proposed new mining laws in Mozambique might affect Pathfinder's business there, McKeon is clear on how connections can clear the way. "We know the minister," he asserts, adding that the new rules will only affect new projects, and given that Pathfinder's mine is 10 years in existence, it shouldn't have an impact. And the fact that Gen Jacinto Veloso, a local with a distinguished past and a current adviser to the president, sits on the board of Pathfinder, should also help in this regard. While McKeon may have a good record when it comes to investing in businesses, not everything he touches turns to gold. Indeed, he wears his good fortune lightly. He escaped the Irish property bubble "I could never understand why they were paying those prices" but he has had investments that failed, including a UK radio station, and fibre-optic networks and newspapers in China. Moreover, before he found success in the exploration business, he experienced some difficult times down and out in London, and found himself sleeping between cardboard boxes in a warehouse in the city, "with literally no money". "That was a dark period but I never gave up," he says. As a result, he is actively involved in two charities, including the Ireland Fund of Great Britain, and is helping the Forgotten Irish Campaign. These days, when he invests his money, he likes to get involved in the business himself and is aware of the associated risks. "I take the first risk and write the first cheque. I don't walk away if something goes wrong," he says. Although based in London when not travelling, that is McKeon keeps a close eye on Ireland, and particularly on fellow mining and exploration company Kenmare Resources, which to some extent is paving the way for Pathfinder in Mozambique. Many of the investors who came on board for Pathfinder this week have already invested in Kenmare, for example, which has a mine located just 50km from Pathfinder's. McKeon says his company is also learning from Kenmare's "growing pains". But with Pathfinder's Mozambique project steadily advancing, where is next on the agenda for this peripatetic explorer? "Home, I need a rest." ON THE RECORD Name : John McKeon. Who is he : Chairman of Pathfinder Minerals. Age : 52. Lives : Chelsea, London. Family : "Been there, done that, got annulled and looking for the next Mrs Right?" Hobbies : Motor racing, cars, the arts. He is doing the Irish Cannonball run this year for Barretstown and is a collector of Irish artist Brian McCarthy. Something you might expect : He spends a lot of time travelling and recently visited eight countries in 10 days. Something that might surprise : He spent some years sleeping rough in a warehouse in north London. |
Posted at 04/4/2011 14:36 by lbo Not everyone convinced!Still on the soi disant (after all, just where is the oil?) oil patch, John McKeon, into whom I bumped a year or so ago when he was revving up Circle Oil (COP), now has no less than FIVE AIM vehicles where John is surely far too affable to be that busy effectively. Circle Oil is respectable but none of the others is anywhere near. The latest ramp to emerge is Crosby Asset Management (CSB) which started off at nuppence and is now 6.5p and capitalised at 18 million from iii "AIM has also been a disaster in which investors have lost billions: just look at Desire Petroleum (DES), whose shares stand at just a fifth of last year's peak after the oil it thought it had discovered turned out to be water; or Madagascar Oil (MOIL), worth more than £150 million last year, but whose shares are now suspended on fears its licenses could be seized by the country's government" And even more relevant to Premier! 100m lost |
Posted at 21/3/2011 12:28 by luchan Cud,Step 1. John Mckeown takes a stake in PMA as a dirty cash shell. John Mck a resources wheeler dealer with a very good track record for investors. Step 2. Announcement for PMA's option to buy Central Asia Resources. Step 3. Broker appointed. Step 4. Today's placing and statement. Next Step to announce purchase of Central Asia Resources and change of PMA name to the same.. watch this space... luchan. |
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Posted at 01/11/2010 09:06 by napoleon111 Shares in sports firm soar after news on gold exploration rights Investors yesterday plunged for an obscure London-listed company backed by Irishman John McKeon, after it emerged that it had acquired rights to gold and mineral exploration licences in Kyrgyzstan, writes Barry O'Halloran. Shares in Premier Management, a one-time sports management business, were up almost 600 per cent on the news yesterday morning before ultimately closing at 3p, more than four times their opening quote last night. Premier Management announced that it has an option to buy Central Asia Resources, which has in turn signed protocols with the Kyrgyz government to acquire gold exploration licences. |
Posted at 27/10/2010 14:08 by napoleon111 huggie, i wouldnt hazard a guess!! share price might consolidate around this price before the next leg up, will have to wait till after the meeting of the 12th of november to shed more light on operations, but mckeon is a very savy investor and has great contacts in the mining field, so i think he will work his magic here as he has done before. all in my opinion, nai, as always dyor.I think its essnetially a reversed take over of central asian resources, but not up to spead with how those things work, maybe someone can shed more light |
Posted at 13/7/2009 09:08 by dell314 This stock still looks like a piece of rubbish, unless someone can convince me that an acquistion of a company with £150k PBT makes the combined company worth an enterprise value of circa £10mln!! With PERs well below 10 being commonplace in the current environment why have PMA paid around 50 times earnings for the acquistion?The only reason for buying PMA, IMO, would appear to be the hope that other buyers fall for the trick of significantly overvaluing the aquirer and acquistion by the same factor to temporarily ramp up the sp(possibly for dumping stock via boiler rooms?)..... Here's my earlier post on the subject: "dell314 - 1 Jul'09 - 07:25 - 221 of 330 edit This deal looks like the old trick of deliberately overpaying for a target to ramp up your own stock price. 722.6mln shares at 1p equates to paying £7.2mln+ for the target companies, yet those companies have a combined PBT of less than £150k! That's a pretty awesome PE!! The main target had net assets of only £110k and we don't even know if that includes intangibles which would mean that it comes with debt. Would you pay £7mln plus of real money for that? I think not, hence it'll be a deal in shares....... Also if there will be an additional 722mln shares for the targets and circa 30mln for the small fundraising, there will be circa 850mln shares total with existing PMA shares, giving a market cap for the combined company of £8.5mln plus if people believe the 1p per share price. All that for a company that will have a tiny PBT if results continue as they are and net liabilities of over £1.5million! Adding the debt to the mkt cap you get a combined enterprise value of over £10mln at 1p!! Doesn't that look like deliberate overvaluation? I wouldn't be at all surprised if this deal has been arranged like this so large volumes of shares can be boiler roomed. If you think the type of misdirection that I'm describing couldn't possibly happen, I've seen similar transactions before: Microcap Equities(MEQ) acquired a private company called Equity Portfolio for circa £1.16mln in MEQ shares at the transaction price of circa 7p per MEQ share. Equity Portfolio was an investment company start up, whose assets were nothing more than the initial fundraisings of circa £320k in cash: Not a difficult company to value then!! From this, most sensible investors (except for a couple of clowns on ADVFN pumping the stock) would assume that MEQ shares in the deal were overvalued by a factor of nearly four times to match the corresponding overvaluation of Equity portfolio. MEQ subsequently dived to more realistic valuations and is currently being ramped by you know who... If you also take a look at WSPH (now WSEN), you'll see share based transactions with Mercury group(Remember them, Optiliar? Another one of your wonderstocks that vanished!), where both companies appeared to significantly overvalue each other's shares in their mutual transactions. There are many other examples too. Why do it? Coming up with a transaction that suggests a sky high valuation of your stock is a good way of getting investors to buy into the stock and ramp up the price prior to further fundraising. It will also be a good selling point to those participating in any future fundraising(s). There may also be significant tax implications. If you buy an asset at an inflated price and subsequently write it down to a more realistic valuation, you generate a large capital loss in your accounts and may be able to reduce future taxation. I'd imagine that if the deal goes through the shares will dive once investors try to calculate sensible valuations of the combined entity but the market is full of newbies and conmen at the moment, so it's hard to make any sensible predictions in the current environment......" Rgds dell All IMHO, DYOR etc. |
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