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| 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Posted at 03/8/2010 18:52 by stevie blunder "The flotation of Scottish Coal owner Scottish Resources Group was withdrawn because it ran into the summer holiday season, rather than because of any particular weakness of demand for shares, the head of one of SRG's longstanding investors has said."Bought some back at 10.35p today, went thru on PLUS market I see. |
Posted at 23/2/2010 14:40 by old portmuthian StevieAgree. It falls between 2 classes of investor and neither wants their cash tied up for more than a week. |
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 03/1/2007 18:02 by boxwellian Perhaps Scottish Coals Property potential is similar to UK Coals where 49,500 acres is valued (see below) at £310m=£6250 per acreUK COAL PLC Property Portfolio As already announced, UK COAL PLC will be hosting a presentation to investors and analysts tomorrow, 7 November, that will focus on the value and development potential of its land and property interests. The event will be hosted by Gerry Spindler, Group Chief Executive, and Chris Mawe, Group Finance Director, and will introduce Jon Lloyd, Group Property Director and CEO of its property business, Harworth Estates, who joined the Group in July this year. The Group owns one of the largest brownfield development portfolios in the UK with substantial land and property interests covering 49,500 acres. The presentation will provide an overview of the current scale and nature of the estate. Management will present its estimate of the future potential of the Group's priority projects, which include: * opportunity for the development of sites for over 14,000 homes * opportunity for the development of 25m square feet of business park space Management estimates for the value of these priority projects, once appropriate consents have been obtained and after allowing for estimated costs relating to site reclamation and preparation amounts to, in aggregate, in excess of #800 million over the next six years*. In addition, the presentation will include a indication of the RICS valuation anticipated as at 31 December 2006 (pre-sales) of the Group's property interests of approximately #310m (2005 #274m). The presentation slides will be available on the Group's website www.ukcoal.com from 7 November. * This estimate makes no allowance for the impact of inflation or the time value of money. Chief Executive Gerry Spindler said: "In our half year statement, and on 13 October when we announced the full update we would give at tomorrow's presentation, we pointed to the significant future prospects for our property portfolio under the direction of Jon Lloyd who joined us in July this year as our new Property Director. Tomorrow we will be quantifying the scope we see for creating value from our property interests over the relatively near term. Given the nature of the portfolio the formal annual valuations do not yet adequately reflect the potential impact of achieving planning consents for which many of our sites are particularly well placed." |
Posted at 12/8/2004 14:45 by azalea Well it has to be something like that and there are of course some very big stake holders, but no announcement from the company despite the 20%+ rise. This might be a good sign in that they are holding off in order to know exactly what the offer is. Ordinarily, the company is duty bound to declare any material information that affects its share price.What also surprises me that investors are selling despite the share price rising against the tide of a sell/buy ratio of 5.5:1. Still, each to his/here own, for my part I'm holding on. |
Posted at 26/9/2003 22:07 by azalea The share price has fallen back significantly in recent weeks despite the fact that the price of gold has risen 10% from where it was when PMS began to rise from its lowly and undervalued 9p. Nevertheless, ultimately it might be due to investors getting nervous as I am about the fluctuating price of gold and talk of the price falling significantly over the next year (with Perseverence's gold still in the ground). Then again the value of PMS 28% stake is at such a discount it is difficult to see it all being eroded by any rational fall in the price of gold. |
Posted at 27/7/2003 23:35 by azalea I agree, there are some very large stake holders, but like everyone else they are out to make money, in doing so they will make money for other investors like me. That said, do they have the resources to exploit the huge building project outside of Edinburgh, my guess is certainly not. Neither do they have the finances to put into Perseverence. Which convinces me that eventually one, or, even two bidders will move in to carve out the two quite different interests. To that end its only a question of the take out price being right! Until then, the increase in earnings and NAV will eventually have to be recognised in its share price. |
Posted at 06/5/2003 20:42 by energyi OLD POSTING...energyi - 27 May'02 - 16:46 - 38 of 44 edit Picked this up from a Mining Newsletter. PMS has a big holding... Quinn perseveres Down Under John Quinn, the ousted former boss of Australian mining group NEWCREST who now heads exploration minnow Perseverance, enthuses about the possibility of a 'multi-million ounce system' at the company's Fosterville prospect in Victoria. He is driving the company to prove a reserve of 500,000 oz at 6 grammes of gold per tonne of ore by the end of this year and then move to a bankable feasibility study and a commitment to proceed with underground mining by mid-2003. Quinn talks of initial production of between 50,000 and 90,000 oz a year at a cost of around $176 an ounce (against a $310 market price). He argues that previous management had only 'scratched the surface' at Fosterville, whose sulphide gold deposits could go down to 1500 metres or more, and contends this could become a major gold mine. Perseverance, whose shares trade Down Under at the equivalent of a depressed 5.2p, has millions of 'out of the money' options outstanding, exercisable at 7.75p, but, without a speedy price, they are unlikely to be exercised. That means the company may come to back to market for some of the £10 million or so Quinn reckons it will need to start full production - but he hopes the feasibility study will show such glowing prospects that investors will be keen to stump up. Contrary to current fashion, Quinn says Perseverance does go in for some hedging of production. This is not because he thinks the gold price will fall in US dollar terms, but because the Australian dollar, after years of inexorable decline as the 'Pacific peso', is showing signs of recovery and could have a long way to go. After being a prolonged disappointment, Perseverance does now seem to have life and potential back in it, though some seasoned analysts suggest it will do best in the later stages of a prolonged bull market. Buoyed up by gold's strength, a local currency rally and Fosterville's particular potential, the shares are well worth a punt. Quinn says he is in no hurry to go for a London listing for Perseverance, unlike many other Aussie miners. This is because its 29 per cent shareholder, coal hopeful PALMARIS CAPITAL, is already quoted on Aim. PALMARIS has performed excellently since our earlier mentions and is still well ahead, though profit-taking has clipped some earlier outstanding gains to 9.75p. Longer-term, it should have further to go |
Posted at 27/5/2002 16:46 by energyi Picked this up from a Mining Newsletter.PMS has a big holding... Quinn perseveres Down Under John Quinn, the ousted former boss of Australian mining group NEWCREST who now heads exploration minnow Perseverance, enthuses about the possibility of a 'multi-million ounce system' at the company's Fosterville prospect in Victoria. He is driving the company to prove a reserve of 500,000 oz at 6 grammes of gold per tonne of ore by the end of this year and then move to a bankable feasibility study and a commitment to proceed with underground mining by mid-2003. Quinn talks of initial production of between 50,000 and 90,000 oz a year at a cost of around $176 an ounce (against a $310 market price). He argues that previous management had only 'scratched the surface' at Fosterville, whose sulphide gold deposits could go down to 1500 metres or more, and contends this could become a major gold mine. Perseverance, whose shares trade Down Under at the equivalent of a depressed 5.2p, has millions of 'out of the money' options outstanding, exercisable at 7.75p, but, without a speedy price, they are unlikely to be exercised. That means the company may come to back to market for some of the £10 million or so Quinn reckons it will need to start full production - but he hopes the feasibility study will show such glowing prospects that investors will be keen to stump up. Contrary to current fashion, Quinn says Perseverance does go in for some hedging of production. This is not because he thinks the gold price will fall in US dollar terms, but because the Australian dollar, after years of inexorable decline as the 'Pacific peso', is showing signs of recovery and could have a long way to go. After being a prolonged disappointment, Perseverance does now seem to have life and potential back in it, though some seasoned analysts suggest it will do best in the later stages of a prolonged bull market. Buoyed up by gold's strength, a local currency rally and Fosterville's particular potential, the shares are well worth a punt. Quinn says he is in no hurry to go for a London listing for Perseverance, unlike many other Aussie miners. This is because its 29 per cent shareholder, coal hopeful PALMARIS CAPITAL, is already quoted on Aim. PALMARIS has performed excellently since our earlier mentions and is still well ahead, though profit-taking has clipped some earlier outstanding gains to 9.75p. Longer-term, it should have further to go. |
Posted at 17/1/2002 15:32 by aggressive saver No you cannot buy for the 40,000 trade just put through as thats my trade cfor. Secondaly I can see them going up next week cause these huge volatile rollacoaster rides always happen with venture capital trust shares. In the end one is always heavily awarded and even the original investors to. |
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