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PMS Palmaris Cap.

0.625
0.00 (0.00%)
Last Updated: 00:00:00
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 Shares Traded Last Trade
  0.00 0.00% 0.625 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.625 GBX

Palmaris Capital (PMS) Latest News

Real-Time news about Palmaris Cap. (London Stock Exchange): 0 recent articles

Palmaris Capital (PMS) Discussions and Chat

Palmaris Capital Forums and Chat

Date Time Title Posts
22/8/201620:57Precious Metals22
21/4/201309:34Palmaris Capital - Undervalued Coal Play47
06/6/200801:23Palmaris: Charts & Fundamentals41
19/9/200506:45Good Deal?153
11/8/200322:48Palmaris / MS's Longannet Mine13

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Palmaris Capital (PMS) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Palmaris Capital (PMS) Top Chat Posts

Top Posts
Posted at 30/3/2012 11:45 by bam bam rubble
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.
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 14:59 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 15:37 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 21:36 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 05/7/2010 19:23 by stevie blunder
k9tas,
I am a bit more conservative, since I think the are raising 25 million new cash, so I reckon 16.1% of 225 or about 22p/share. Could be a bit lower, depending on demand.

Anyway not long to wait.

I have sold one third of my holding, as nothing is ever sure, but will hold the rest in the hope of getting the full upside.
Posted at 29/6/2010 19:09 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 13:07 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 04/2/2010 22:27 by old portmuthian
Odd day for there to be stock about. I tried to buy a fair sum last year only to have the price jacked up just for asking, this time around got a fair few without being stiffed (well not stiffed too much) and felt there was still plenty of stock to be had under 6p.

Have been trying to find some facts on SRG without much success, but the reported earnings of £50M won't do any harm.
Palmaris Capital share price data is direct from the London Stock Exchange

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