Parallel Media Share Discussion Threads

[knigel] 30/9/2014 10:16

Received email. Results due lunchtime. Outlook is key. Keep to this thread fellow SHAREHOLDERS gla

[mister md] 30/9/2014 08:49

people have probably forgotten it's still trading ;)

[dusseldorf] 30/9/2014 08:37

...on the positive side the price hasn't gone down in two months(!)

[dusseldorf] 24/9/2014 13:31

Mister MD - I believe so if historic release is anything to go by, the unaudited interims, which if the trading update is to be believed are likely to be circa £2-400k short of the expected mark on profitability and probably £1.25m off revenue due primarily to lack of primary event sponsor.

I'd like to think the impact of the trading update is already in the price, but key to how the very few investors will react could be:
a) Will there be any director support from in market purchases
b) Is there any corporate activity of note to be alluded to
c) Does the company require more cash, if so, quantum and source, timing
d) What's happened to Oryx
e) Will Sanlam issue a new brokers note

I am closely following Concha as I find it quite bizarre it has a £55m mcap and practically no business i.e. less than PAA and yet is valued 3000% higher. Whilst I suspect they are going for something 'huge' and have stated 'no known reason' (please give everyone some credit! this is clearly BS) there may be complimentary assets/business they want to get into the fold and Akers has had close ties with PAA in the past and PAA's activities are in alignment with the stated acquisition objectives of Concha....

So whilst concha has bigger fish to fry, it may be somehow related

[mister md] 24/9/2014 12:44

are we due a half-year report later this month ?

[dusseldorf] 16/9/2014 14:42

Interesting take on Concha from 1 year ago:


"Akers was appointed an adviser to Parallel Media (PAA) during 2011 but he is not on the board."

So he has advised PAA in a professional capacity I believe for smart media, but that has gone nowhere yet

[dusseldorf] 12/9/2014 12:49

MisterMD - Indeed, perhaps the grand plan is based on the fact all these guys know each other (a little incestuous if you ask me) - DC certainly has had interest or involvement from two of the bigwigs at Concha. If they believe PAA is better run by them, I'm sure DC would be open to discussions on how that could be achieved.

The first page here is DC dressed up with Gordon Watson at a PAA organised gig:


Gordon Watson, Regional Chief Executive of AIA said: "As a company that maintains an exclusive focus on Asia, and that has a leading presence in this region, we are very excited by the opportunity to support the K-pop phenomenon. We look forward to welcoming the AIA K-pop tour to Hong Kong, where AIA is proud to be headquartered. "

Sonia Hong, President of PMG's K-pop division said:

"I am delighted that we have concluded the deal with AIA, which I believe is the first time that a major brand has linked itself to K-pop. Our K-pop franchise is growing and the recent global success of PSY has illustrated the global interest in this genre."

[mister md] 12/9/2014 10:28

Dusseldorf, good find.
I noticed the following from the CHA info thread:

Gordon Watson - Non Executive Director
Gordon was appointed to the board in April 2014. Gordon is Regional Chief Executive of AIA Group Limited ("AIA"), the Hong Kong listed pan-Asian life insurance provider. In this role, Gordon is responsible for AIA's business divisions operating in Hong Kong, Macau, Korea, Philippines, Australia, New Zealand, India, Indonesia, Vietnam and Sri Lanka as well as the Group Corporate Solutions business and Group Partnership Distribution. Gordon has over 28 years' service with AIG and AIA and has held various senior leadership positions during that time in New York, London, Africa, the Middle East, Japan, Korea and Hong Kong.

[knigel] 11/9/2014 20:47

I notice the website has been updated with the latest events and also a trade today (wow!) at 54p - so not sure if this is a buy or a sell...
I suspect the interims will be issued within the next 1-3 weeks and any corporate update is being held back until then...
Dusseldorf - very interesting observation... let's hope we are near/at the low point gl

[dusseldorf] 11/9/2014 15:59

Interesting to see Concha (CHA) headed by Chris Akers peaking at £40m(!). Essentially a cash shell with about £2.5m cash on the path to make one or more acquisitions.

Akers was the only other AGM attendee with me at the PAA AGM a couple of years back - and I believe still holds some PAA - citing an interest in PAA as pretty much the only AIM co. doing sport (golf) and music in Asia.

From Concha AGM statement by Akers:
"We are pleased to inform shareholders that we continue to make good progress in identifying and reviewing international investment opportunities in the media, technology, sport and social media sectors. The non - executive director appointments to date in 2014 are indicative of our desire to pursue investments which will embrace both faster growing geographical markets and a conservative funding platform.

The Board looks forward to updating shareholders with further announcements as appropriate"

...a long shot, but perhaps there may be some interest here - one day - from Concha

[britishb] 03/9/2014 23:13

My goodness Duss - you're really a total diamond!

You say "I think perhaps best to load success into the results statement".

I nearly leaked I laughed so hard!!!!!!

Or was it just a typo and you meant UNsuccess - as per the whole of the PAA milennium!?

[littlemadam] 03/9/2014 09:52

Fair point Duss

[dusseldorf] 03/9/2014 09:47

littlemadam - one bitten perhaps re: RNS. Previous ones e.g. Bieber have been met with a price decline - the RNS's have historically had negative, not positive impact. I think perhaps best to load success into the results statement.

I'm awaiting results for some form of corporate update

[littlemadam] 03/9/2014 09:31

Sorry, being lazy asking others.
Just read reviews. 15 Aug event took place in front of 35000.
Rave reviews.

Will look up 16 Aug. Lady Gaga was main singer.
Why no rns bragging about it?

[littlemadam] 03/9/2014 09:10

Duss
Anything happened with the AIA Real Life music event scheduled for middle of last month?
See rns of 15 April

[buywell2] 26/8/2014 14:20

From what I have deduced , GOLF is going to be the focus

macd TA not looking good right now

[britishb] 24/8/2014 19:02

DD. Hurrah! Finally I agree with you about something. You say "The company does do many things well". I agree! I've made a list!

a) loses money year after year
b) issues new shares year after year
c) keeps the share price going down year after year
d) pays the main man a handsome salary year after year

Have I missed any?

xx

[dusseldorf] 22/8/2014 13:48

KNIGEL - The company does do many things well, but some they don't. I'm not a great fan of the jam tomorrow JV's which historically (outside of music with AIA, which has been very successful) have proved to create very little return for shareholders but involved more dilution. There also seems to have been e.g. Kazakhstan various payments (commissions) for events which have brought little to no value to the company.

So question is if DC has learnt that stretching the diversification whilst still on a skeleton crew? In my view he has, as Golf has switched back into focus and music (which seems to be a winner) continues to remain in focus.

I still believe that ultimately profits of £1m - 2m are achievable if he lines up sponsors well in advance and delivers the events on time and as outlined whilst building on the success with one or two new events a year whilst securing the renewal or replacement of others. I suspect we have another set of results perhaps with some asset write-downs as alluded to in the trading update - for that reason alone I've stopped buying and await clarity.

Our new investors will not be over the moon, but neither will they be out or have given up as fundamentally issues have stemmed from not being able to fully deliver on events PAA already owns the rights to for a number of years. If PAA gets it right a move to profit may raise some eyebrows but more importantly bring an end to the substantial dilutions...

[knigel] 21/8/2014 17:35

ga123 - your pal has arrived. YOU held the shares for years. YOU continued to hold the shares while the share price declined. YOU did not have a stop loss or average down. So perhaps you should be moaning - AT YOURSELF

[britishb] 21/8/2014 17:31

Well said ga123.

I only ever posted on here because I felt there were some quite dreadful, ill thought, posts.

I was trying trying to help by presenting the bear case, which has panned out more or less exactly as I predicted a long time ago.

When people are desperate to silence the bear case I reckon in most cases they are pretty clueless and likely to lose all their money over time. They are the type that cling on desperately to their losers in the hope that by some miracle things will get better. A trait of a very poor investor IMO.

PAA has been awful year after year and is still run by a solitary full time exec dir who pays himself a very significant salary. Over 14 years in current form and not a single dividend paid and the shares have slowly but surely lost c. 97% of their value (from memory).

Maybe if they get 2 Euro Tour events sponsored next year things will improve but my goodness that takes one mighty leap of faith IMO.

[knigel] 21/8/2014 17:27

Dusseldorf - seems very positive and well received. Good piece on the website too. I did ask the company for an update a week ago and was told (AGM) news due shortly - so will press again next week. I am fed up of those posters on the other thread who only post on PAA especially those who have never held the share. When I sell out - I see no point or reason to continue to look at how my ex investment is doing - unless I might reinvest. You simply have to move on - look at alternative investments - and if you wish post on the relevant threads. Of course it is easy to moan with the share price this low but remember the directors etc are also sitting on a loss after the recent 156p placing so I bet they are working as hard as possible to win material new contracts and to turn the ship around. Two large championship golf tornaments next year with new sponsors will be a start. I rarely sell at a loss - I do not need to sell and will hold and wait gl

[ga123] 21/8/2014 17:26

good,and u need to look up what a troll is,i am certainly not a troll,and it wasn't an argument,it was a statement.u stick to ur tainted glasses thread,my opinion is ull all wish u got out,thats not trolling,thats an opinion.

[knigel] 21/8/2014 16:57

I thought you were only going to post now and again? You have been moaning MORE often since being a NON HOLDER so please give it a rest and try to let go! If anyone s/b moaning - it's those who are still shareholders not non holding posters (especially those who only post on PAA). News will come when it comes... and only shareholders and those considering an investment need be concerned...