Parallel Media Share Discussion Threads

[ga123] 23/5/2014 15:07

don't know what the share price equates to in old terms,about 2.5 to 3p?

[britishb] 23/5/2014 14:21

Well I said the balance sheet was weak and you all got miserably diluted.
I said a long time before the event that it seemed unlikely The Champ would get a main sponsor and that numbers this year would prob suffer. All so very predictable.

The balance sheet is still very weak IMO and my best guess is yet another placing in the next few months.

I was (possibly) wrong that relations with the Euro Tour might be irretrievably damaged - time will tell.

If I'm wrong about yet another placing and they end up with 2 European Tour events in 2015, both of which attract big name sponsors and big money I can just about see the weeniest light at the end of the tunnel for the bulls.

Personally I'd rather row the Atlantic with Ben Fogle and Bruce Forsyth than bet a single cent on a good outcome, but only fair that I offer a balanced view IMO!

[ga123] 23/5/2014 13:02

and reading dusseldorfs reply I am still none the wiser......the driving force and deal maker.......at what cost?

[dusseldorf] 23/5/2014 12:56

littlemadam - DC being replaced is simply out of the question. In my view he is the dealmaker and driving force behind the company, besides the fact he owns over 30% and can block an action to remove him technically. I suspect given the instis and DC's view will be aligned i.e. an eventual return on equity investment, the only 'punishment' as such for failure to deliver is perhaps keeping him out of any equity raise if there is one - effectively increasing their stake 'averaging down' but making a pre-requisit that he does not perhaps increasing motivation for accelerated earnings.

Mr Wee is a non-issue in my view really as those shares were effectively free to him for a capital investment in a joint venture - his 'nice to have' on top of the necessary capital to set-up the business.

Key is minimizing any dilution from cash call if required. Will have to wait and see from FY results statement, but I don't like the vague nature of the trading update, however, need to remember that the update is warning against the original projected numbers by sanlam (£400k and £800k profit? for 13 and 14 respectively?), so negative update does not necessarily dictate further cash requirement.

Perhaps Sanlam advised the warning on the basis that without these new deals the company will under perform - it's kind of catch all to cover both situations - i.e. " we are currently reporting lower numbers, but could report higher profits if deals come off..."

uncertainty is not what we wanted, but I'm certainly used to it.

[ga123] 23/5/2014 12:34

posting on here as a non holder now,but looking at comments on other thread,ive been asking for a long time why a few posters seem to have undying faith in DC,maybe its time to rethink.

[littlemadam] 23/5/2014 12:14

So, we had institutions buying in at 156p in Dec 2013 and some timre ago a Mr Wee paying 35p for a wad of shares before consolidation.

Bet neither are well pleased and if DC does not pull his socks up he could be replaced!

Anyone got views on that?

[buywell2] 23/5/2014 12:04

K why don't you kiss bb and make up

2 brains are always better than one

[knigel] 23/5/2014 11:00

Well done BritishB on calling the profit warning right but breakeven is fairly decent imo. I suspect the Vietman golf event will not happen now. Will hold and note no major sell off today. A placing is possible so lets see what the balance sheet looks like when results are out. Will not add though now. Will post tonight on further reflection gla

[britishb] 23/5/2014 10:05

Dusseldorf

Given the latest trading statement I think it would be really nice and honest if you amended your rampy bulls only thread with some share price forecasts for loss making scenarios. Your current numbers are as follows.

0..............120p - 144p
200k.........144p - 192p
400k.........192p - 240p
600k.........240p - 288p
800k.........288p - 384p
1m...........384p - 576p
2m...........768p - 1128p+

I must say I'm gurgling into my coffee cup looking at that 1128p+ target!!!

Given that PAA was loss making in 2010, 2011, 2012 (when The Championship was possibly/probably profitable) should we not confront at least the eeny weeny tincy wincy possibility of a loss-making scenario (yet again!!!)?

I sincerely hope the future is brighter for holders here but given the 14 years of abject (IMO) performance and one fund-raise after another I just can't see it I'm afraid.

Despite the good job (IMO) they've done getting break-even at Laguna and the apparent possibility that they're still on OK terms with the European Tour I remain of the view that they will need to raise more funds and stick to my 30p target for such fund-raising (unless DC stumps up at 150p again!).

Good luck to you all, to the company, to the bar staff at Raffles and the next (potential) placees!

[cottoner] 23/5/2014 09:50

lm - wrt DCs time - an old post of mine below.


cottoner - 23 Jan 2014 - 18:35:45 - 538 of 855



From above article

'His day job sees him running the Parallel Media Group while he handles the Parallel Contemporary Art organisation in his free time.'


I'm beginning to wonder if it's the other way around.

[littlemadam] 23/5/2014 09:38

Yes, very disheartening. Not how a company should be run. I believed DC to be a lot more professional than this, one who ran a tight ship.
He needs bringing to the table to explain exactly what his precious time has been spent on. Other small, quoted media companies do not seem to have such sponsership problems.

Orvil? You're unusually quiet.can you bend DCs ear?

[ga123] 23/5/2014 09:18

I was going to guess that by the time results are out in june,the share price will be around the 80p mark,think it could well be more like the 60p mark now! will be interesting to see if investors abandon what they think is a sinking ship. im posting on this thread because I got out some time ago,at a loss,yes,but I have no regrets,i believe this is going nowhere fast.and no,im not gloating,never have been,never been a "troll",i get no pleasure from losing money.will be interesting to see if others have undying faith in the chairman,if so,its beyond my comprehension.

[britishb] 23/5/2014 08:21

As expected, a ghastly trading statement.

Nowhere near as bad as I thought to be honest...I'd say they did a good job of salvaging a break-even result on The Championship.

As usual it's a load of total bluster. We're almost six months into the year and all they can tell us is "This has affected the expected out turn for 2014" and "In addition, the Board believes that there is a level of uncertainty over certain other revenue-generating events which has resulted in the Company lowering its internal forecasts for 2014"

Shareholders should be demanding an updated forecast from the company's brokers IMO...especially given (IMO) the weak balance sheet.

[chrisgail] 23/5/2014 08:17

Not good news, the decline of the share price goes on and on and on...............

[britishb] 22/5/2014 11:18

Well you bulls will be all excited about the upcoming results - which will be issued an horrific (IMO) 5-6 months after year end.

Here's my prediction:

H2 losses of c. £350k giving full year profit b4 tax of c. £430k b4 amort of intangibles.

At 30 June 13 there were net curr liabs of £2.6 and non curr liabs of £1.1m

The plusses since then:
c. £1.7m cash raised from new equity
c. £800k debt recap

The minuses since then:
c. £350k H2 losses

So I reckon net curr liabs at Dec 2013 will be c. £800k and non curr liabs (def tax) £700k

i.e balance sheet still very stretched IMO...

Then I predict they will be loss-making in H1 2014 as no main sponsor found for The Championship. I also predict they won't tell us that - just some blurb about successfully running the event.

My overall prediction remains - bust or another placing, this time at 30p.

We can only guesstimate all of this of course because the house broker has withdrawn his forecasts!!!

Anybody have a more optimistic view of the numbers (I've only whizzed through them very quickly so may be errors)?

[knigel] 22/5/2014 08:57

Fair point. If charts were always right we all be millionaires. I suppose they are a good guide but cannot factor in a large contract or profits warning. Hopefully a bit more to discuss soon

[buywell2] 22/5/2014 08:49

I am a chartist K .... also use TA and fundamentals ... plus loads of my own research before I commit my hard earned pennies

Good luck for now

Will lurk now till results

I was wondering IF the results could be bought forwards to stop the drop ?

[knigel] 22/5/2014 08:46

Cannot keep away. They have until the end of June and the email i received stated they would be within AIM guidelines. Trying to buy in lower?

[buywell2] 22/5/2014 08:28

Nobody saying much

TA not the best chartwise and a falling share price with results due

If they are late again then will the fall get worse ?

I think it might , shareholders might want to suggest this to the boss

[dusseldorf] 16/5/2014 10:26

MisterMD - indeed, I'm being cautious and only topping up with circa £350/month in my SIPP each month, if results deliver as anticipated I may return to buying outside of SIPP sooner..to be honest I'm really looking at September to give me the signal, though June should give us a sniff perhaps with an update on trading going forward.

[mister md] 16/5/2014 10:07

I'm holding on to my shares. Its all about their cash position imho. If they can get through without any cashflow issues from here things should be fine. 2015 must surely be a bumper year for PAA if they can get the Championship up and running in Korea again with a new big sponsor (perhaps continuing with Singapore replacement tournamanent too) - even a net profit of 1m would put us on a fwd p/e of 2 ! As with all AIM shares good to be cautious though