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PMS Palmaris Cap.

0.625
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Palmaris Cap. LSE:PMS London Ordinary Share GB0009443358 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.625 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Palmaris Capital Share Discussion Threads

Showing 251 to 271 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/11/2012
17:03
Looks like this is bust
tivoliworldgaming
06/11/2012
12:01
Totally agree,this looks way too cheap,but no one can tell you what SRG is actually worth !!!!
condom2
29/10/2012
11:54
this looks interesting - market cap now £1.56mn. Only holding is 16% of SRG so effectively the market cap is saying that the whole of SRG is worth less than £10mn. This same business was about to float for £200mn in 2010 before they pulled the float. No idea if it has become a total dog since (probably) but it's hard to believe that the entire SRG is worth less than £10mn?
craffert
09/10/2012
12:01
looks like it is all over for this one.
callumross
30/3/2012
11:45
The cash position must now be around zero

Dec 2007 £0.789m
Dec 2007 £0.532m
Dec 2008 £0.423m
Dec 2009 £0.280m
Dec 2010 £0.083m
Dec 2011 £0.022m
Apr 2012 down to the petty cash tin

The downbeat outlook in the interims left nothing to the imagination and gave the distinct impression they are preparing to take the company private, which may be the only option.


Our sole remaining investment (16% of Scottish Resources Group) is particularly difficult to value at present in light of the operational challenges faced during 2012 resulting in lower than expected trading results. Results are not available but if we had sufficient financial information to undertake a full review of SRG we believe it would have resulted in a substantial reduction in the value of our holding. The outlook for the year to Mar 2013 is only expected to show a modest improvement on the below-expectation 2012 results.

Another concern is the coal price which has declined more than 20% in the last 5 months. As most current coal sales are tied into previous fixed contracts the low spot price may significantly impact results from Apr 2013 onwards, which are to be negotiated ahead of time. SRG management recognises it needs to adapt the business to meet the challenge of current forward coal prices and is exploring opportunities to cut production costs including the opening of new lower-cost mines and importing coal to meet demand.

In terms of SRGs land development & renewable energy assets, the property market remains in the doldrums while the renewable opportunities are some years away from realisation.

bam bam rubble
30/3/2012
09:03
ouch. coal is NOT the commodity to be in at the moment
craffert
31/1/2011
08:20
I'm not sure how much the global market is relevant to SRG in the short term as most coal is sold on long term contracts. The problem is that you have to be very careful what value you put on UK coal assets now that there will be severe carbon taxes on UK power stations burning coal. I think there will be no coal mining at all in the UK within 10 years.It is too small scale and expensive, and there is more and more opposition to open cast.

I have made some decent money here over the last year, but I have sold out to get some more speccy oil companies. :-)

stevie blunder
30/1/2011
22:33
Given what is going on at the moment in the global coal market, I would expect that Parkburn (and by default, Palmaris) will be receiving offmarket approaches for SRG around this time. Also, noticed that some shares in illiquid Palmaris were changing hands recently - blocks of 50k changing hands.
craftyspeculator
07/11/2010
20:21
When asked by The Herald about SRG's continuing deferral of its flotation plans, in the context of signs in the summer that the process could be resumed in the autumn, Mr Melgaard replied: "I think Scottish Resources is still looking at all the range of options, including coming back (for a flotation) but it has just decided not to come back right now, but it is looking at the options."

I think there could be a trade sale. Palmaris and Parkburn own over 80% between them and both want out.

stevie blunder
05/11/2010
11:28
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.

old portmuthian
28/10/2010
12:21
The Scottish Resources Annual Report is here:



92 pages in all.

Interesting reading. A lot of it will be the same as the prospectus, which of course PIs don't have access to.

Their year end was end March, so they should have half year results by now. Disappointing to see that prices achieved dipped from 235p/Gj to 209 in the current year.

Indeed, nice to see some buying.

stevie blunder
28/10/2010
11:22
Well someone's confident: 250k bought at full offer.
2magpies
28/10/2010
06:58
I thought the opposite, ie the recent fall was a harbinger of an announcement that the float was off....

They did say Early Q4, so that should be in October.

If it does go ahead, I am expecting something more like 180, and there will be tax to take into account.

stevie blunder
27/10/2010
14:59
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.

2magpies
03/9/2010
15:37
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

stevie blunder
03/8/2010
17:52
"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.

stevie blunder
30/7/2010
17:48
Good to have some clarity. They will also have the half year figures ready in October, should help sentiment.

Plenty of time to buy back in over the next 2-3 months, as it will most likely dribble back down.

stevie blunder
30/7/2010
17:42
Great news.

Looks as though this will be a goer by spring 2011 barring a market crash.

old portmuthian
27/7/2010
21:36
"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.

old portmuthian
27/7/2010
21:22
SRG earmarks float cash to buy rival's Fife mine

Published Date: 25 July 2010

By Erikka Askeland and Terry Murden

SCOTTISH Resources Group is understood to be in advanced talks to buy an open-cast mine site in Fife from English rival UK Coal as it prepares to raise £25 million in a flotation this week.

The prospectus for SRG, which operates nine open cast mining sites in central Scotland, said it was raising money in part to refinance the acquisition of a surface mine with reserves of about 600,000 tonnes of coal.

Loss-making UK Coal confirmed last week that it was in advanced negotiations to sell its Blair House mine at the village of Oakley in Fife in an effort to lower debt and boost profits.

Both firms declined to comment on the deal before it is due to complete this week

robson1974
27/7/2010
21:18
T20 merchants bored with lack of news ? pretty thin volumes last few days.
benson384
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1

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