We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Palmaris Cap. | PMS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.625 | 0.625 |
| Top Posts |
|---|
Posted at 05/11/2010 11:28 by old portmuthian Its back in the box for this one until probably 2012.PMS behaving like a normal share now. Good news, bad news, wait for news. |
Posted at 27/10/2010 15:59 by 2magpies Interesting rise.IPO news on the way? If SR do float at £225m , then PMS share will be worth 2.5 times today's market cap. |
Posted at 03/9/2010 16:37 by stevie blunder Scottish Resources get a mention in today's Times, no link since it is behind a paywall.The gist is that they are going to try again, but they may be looking at a float price in the region of 180-200, down from 200-250. The main points raised by the institutions were the uncertain value of the brownfield sites and they didn't like that Parkburn and Palmaris were selling out completely. Not the best time to be floating I suppose, after Ocado, but if it goes ahead, there should still be some upside from current levels in PMS price |
Posted at 27/7/2010 22:36 by old portmuthian "SRG, owners of Scottish Coal, aims to launch its IPO this week " seems bizarre. Surely they can't be that near to floating, even if they had to knock the float back to £200M from £250M it would value PMS at 20p.As ever with PMS the market moves in strange ways. |
Posted at 29/6/2010 20:09 by k9tas Just a word to the wise by my calculations with 156 million PMS shares out there with regard to the SRG IPO and Palmaris owning 16.5% , thats 16.5% of £250 million thats £40 million to divide by 156 million shares and that equates to a value of £0.25 per share so plenty to go for in this one me thinks. |
Posted at 29/6/2010 14:07 by old portmuthian Great to see some financials on SRG at last. Even better the likelyhood of a listing well before the end of 2011 which was the sort of timescale put about a few months back. Hopefully if a listing does come off it will inject some liquidity into PMS which has been lacking. And finally 'windfarms', lets hope they stay all the rage for a while longer. The share price for SEA over the last year shows the effect of being in then out of the wind. |
Posted at 23/2/2010 13:50 by stevie blunder I suppose nothing is certain in the stock market!It is really a deep value play, mining investors see a poor record , and there are a lot of more "exciting" small companies out there. Value investors see a mining company, and don't understand commodities. So it falls between stools. I only have a small stake myself, around 1% of my folio, but happy to hold for a while. I wonder if there might be a reverse take over of Palmaris by SRG with a name change. That might save some of the listing costs? Just my speculation, it would give PMS holders a clean exit with no delays while the company was wound up. |
Posted at 30/8/2008 08:08 by wassapper Company Website - Useful Coal Links The main investments held in 2001 were a 23% holding in Mining Scotland Ltd, a major opencast coal mining operator in Scotland, and a 30% holding in Perseverance Corporation Ltd, a gold mining operation in Victoria, Australia. Over the last six years the Company has put further investment into Perseverance Corporation Ltd and was involved in redirecting its strategy, and appointing a new chairman and management team. The business has been successful and attracted substantial investment from some major financial institutions in Australia allowing Perseverance to open a new gold mine and production facilities. In February 2007, Palmaris shareholders' interest in Perseverance was distributed by way of a dividend in specie. In 2006 Mining Scotland Ltd changed its name to Scottish Resources Group Ltd. This is now the sole remaining investment of Palmaris. Directors are confident of realizing the potential of this business which relates to its vast coal reserves and property assets. There are no restrictions on the transfer of the ordinary shares of Palmaris Capital plc except that Waverton Holdings Ltd (34.67%) and Patersons Quarries Ltd (32.94%) require to obtain the approval of the AIM Panel before disposing of any of their shareholding. Shares not in public hands 69.8% In total 155,933,304 shares with a nominal value of 5p each are issued, with one voting right per share. There are no shares held in treasury. Estimated market cap as at 1 Sep 2008 at 7.4p per share is £11.539 million Extract from Palmaris unaudited results for the six months to 31 Dec 2007 .... Scottish Resources Group Its results for the year to 24 March 2007 were released in January 2008 and recorded a profit before tax of £3.1m on turnover of £110.8m. During the year coal production was 2.8m tonnes which was slightly below budget but was achieved in the face of exceptional adverse weather during the winter and some technical problems. The directors' report stated that the group's two year recovery plan had been successfully implemented and the benefits of revised coal contract pricing and greater control over operating costs were being realised. It was stated that SRG is on course for a further substantial improvement in the current year. SRG obtained planning permissions for some 5m tonnes of new reserves in the year and coupled with the fact that the group is approaching 100m tonnes of coal reserves identified, provide the group with a very strong platform to support the mining activity in the years ahead. In March 2007 an independent valuation of SRG's mineral and property assets valued them at £81.3m and £51.3m respectively. In December 2007 a parcel of land was sold for £5m, generating a profit of £4.5m over book value. During the year to March 2007 additional share capital was issued resulting in £5m of additional funds for SRG. In November 2007 £14m of additional share capital was raised through a placing of 7m shares at £2 per share. As a result of this share issue our holding now represents 16.1% of SRG's issued share capital. We have continued to value this at £2 per share. (Estimated number of shares held in SRG 6,440,000) Over the last few years a wholly owned subsidiary, Scottish BioFuel, has been developed as a supplier of wood derived biomass fuel. Following an approach from Infinis Limited, a renewable energy producer, SRG sold certain land assets and granted long term leases to Infinis in August 2007 for a combined consideration of £5.5m. These proceeds, together with the share placing, were used to repay £17.5m of bank borrowings. The directors reported that during the current year to March 2008 the trading performance of SRG had started strongly and they expected that the current year will be a year of further solid performance. Link to Scottish Resources Group website - |
Posted at 06/6/2008 02:23 by cnx sharpsharedo pms receive any dividends from their two scottish mining interests? |
Posted at 08/5/2008 13:38 by sharpshare Any ideas on this company?The interims said that PMS owns 16.1% of Scottish Resources Group which mined 2.8 million tons of coal with a turnover of GBP110m in the year to 24 March 2007 and made profit before tax of GBP3.1m. If they mine the same amount of coal and get spot (probably currently have lower contract rates) of about USD149 per ton then the turnover could be USD $417m or GBP213m which is GBP113m more. 16.1% of GBP113m is about GBP18m. Mkt cap at 9p is about GBP14m. Is this on a possible look through PE of less than 1? |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
