Palmaris Capital Share Discussion Threads

[the_professor] 16/5/2007 16:50

this is the reason IMHO:

[the_professor] 16/5/2007 15:00

Looks to me that this shareprice is way undervalued?

[the_professor] 16/5/2007 14:59

Anyone know why the rise? New coalmine opening or somthing??

[ivor whopper] 28/2/2007 20:55

what a crock

[volsung] 28/2/2007 15:01

Seems to be suffering a bit of PMS at the moment!

[boxwellian] 20/2/2007 10:46

"Palmaris Capital PLC narrowed its first-half pretax loss to
39,397 stg from 62,599 stg a year ago and said it expects an increase in future
valuations from Scottish Resources on the quality of its underlying coal
reserves and development land."
good to see that DEVELOPMENT LAND slipping into focus...

[boxwellian] 29/1/2007 17:58

Cos indirect interest in 5,362 acres @ £5000 per acre would be £26.8m.
while @ £15,000 per acre it would be £80.4m. Pity the Co is dominated by 2 shareholders.

[bcf203] 27/1/2007 08:59

Small shareholders being ripped off as usual. Value of Perseverance shares should be nearer 7.5 to 8p based on A$0.39 current valuation IMHO. Value of Mining Scotland very difficult to value as not quoted.

[baddeal] 25/1/2007 08:21

any views on the EGM resolution?

[boxwellian] 03/1/2007 18:02

Perhaps Scottish Coals Property potential is similar to UK Coals where 49,500 acres is valued (see below) at £310m=£6250 per acre

UK 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."

[boxwellian] 03/1/2007 17:22

"The diluted earnings per share is calculated after allowing for the
35,540,000 Warrants issued on the 8th May 2001 and not converted at 31st
December 2005. Each Warrant entitles its holder to subscribe for one New
Ordinary Share at a price of 5p per share up to 30th April 2011."

If warrant holders subscribed today Co would have £1.775m more cash so Capn might rise from todays £17.55m to £19.32m,but shares in issue would increase from 130m to 165.5m. So share price might be expected to drop by 13.5% from 13.5p to 11.67p

If warrant holders subscribe when share price is 27p Co would have £1.775m more cash so Capn might rise from £35.10m to £36.875m,but shares in issue would increase from 130m to 165.5m. So share price might be expected to drop by 18.5% from 27p to 22p.

In other words the warrants can be expected to put a steadily increasing brake on growth in the share price

[boxwellian] 29/11/2006 19:09

From Mining Scotland Website:-
"As part of the business transition within the Scottish Resources Group, a dedicated property and estates business has been established, SRG Estates.

SRG Estates will have direct responsibility for 13,000 hectares of land across Central Scotland with a remit to realise its planning and development potential and secure added value for the Group. The emphasis of the new business will be on projects promoting innovative, high quality land uses on restored rural sites, creating green jobs and boosting rural diversification.
Projects and proposals such as Blindwells New Community in East Lothian, Castlebridge Business Park in Clackmannanshire, and Glenbuck low-impact housing in East Ayrshire are all progressing through the planning system with many other existing and significant land use projects to follow"
Perseverance shares up to 39c + Co has via MS a 18.75% share in 13,000 hectares of land to develop=at least £7m value?

[bcf203] 30/10/2006 17:23

Very little reason for company to exist. Best for compoany to try and sell shares in Mining Scotland and Perseverance and then liquidate and hand cash to shareholders. Might be worth about 13p after costs.

[bcf203] 11/5/2006 08:28

Perseverance share price now at A$0.49 highest ever due to Gold price. PMS holding worth close to 10p leaving very little value needed in Mining Scotland to reach current 13p valuation. Speculative buy IMHO.

[bcf203] 16/3/2006 17:25

Any reason for the drop ?
Interims must be due soon. You would think with Gold/ Coal that this company should be moving forward?

[karzy] 22/10/2005 20:53

BAD weather, delays in new sites and the receivership of a contractor, saw Mining Scotland plunge from a £11.1m pre-tax profit to a £0.5m loss last year, its 22% shareholder Palmaris Capital said yesterday-

[shearluc] 19/9/2005 07:45

AGM announced for 20/10/05. Annual report issued on 15/09 - ^$ pages have'nt read it fully yet - looks promising - "mine productivity exceeded expectations" operating costs tracking below budget".

Perseverance share price up sharply - may well see some upward movement in PMS.

[bcf203] 18/9/2005 09:22

Very quiet on this share. With gold at all time high value of holding in Perseverance must be up on last year. Results due Oct/Nov.

[karzy] 08/2/2005 14:30

ouch!

sold half 19p , 10% traded big volume down, Don't know why

[azalea] 05/2/2005 11:07

The latest price rise is interesting especially in the face of the po.g. falling.

[karzy] 04/2/2005 19:40

Perseverance getting good write ups in OZ and Scottish mining planning two large drift mines in Scotland. If it breaks 23p 0n volume who knows were next.

[bcf200] 10/12/2004 16:44

Am glad sold half my shares at 22p ( Wish I had sold all !! ). Looks like could drift down to about 15p as not likely to be any news for some time.

[azalea] 19/11/2004 15:16

This is a very disappointing result, if the p.o.g. falls back, PMS will follow. NAV is now well below the share price

[stevie blunder] 19/11/2004 08:33

I think the shares will take a rest now, so I sold at 20p.

I expect to be back when the (coal) dust has settled. There is still value in Mining Scotland.

steve

[phillis] 19/11/2004 08:25

What rubbish. Why is this a listed Co?