Parallel Media Share Discussion Threads

[ga123] 01/10/2014 14:03

wont post on the other thread as only get accused of trolling,and im not a f-----g troll,i give my opinion,and as a former holder,i will still give my opinion before cleverKnigel makes his usual smarmy comments. I dont moan,i give an opinion. my advice a few months ago to everyone was get out while u can,i still have that opinion. the price in "old" money is now below 2p.hard to take a big loss,holding on is an option,but id rather get something back instead of watch it turn to even less,time to face facts,its a dud heading nowhere.

[knigel] 01/10/2014 11:14

Yesterday day traders getting out imo. At least theres a few trades happening. Now we just have to wait for developments..

[littlemadam] 01/10/2014 08:51

Down again.Director buying would help.

[jamesey3] 30/9/2014 22:46

Chrisgail, This share was highlighted today on Top Traders site and realistically there is a 300% of this share jumping back to a descent share price level. I jumped in thinking I had to average down as a re-rating was going to happen, when later it turns sour .................so i am caught even more down and only myself to blame for rushing in. But the tide has to turn.

This morning the mms had marked SMA at 15% up and no one had bought a share at that stage before it went ballistic on a few buys.

At 50p PAA must be the equivalent of one pence pre-consolidation price . The mms control whether a share goes up, however today was like and still could be, a signal that they are going to let it go, albeit............ slowly or gradually UP !!!
We'll know in the morning, better.

[chrisgail] 30/9/2014 19:56

I been in these for more years than I care to remember, I had vowed to myself not to average down again, but when you are 90% down the temptation to do so, 'it only needs a small bounce............' so I have, and of course by the close the share price has fallen to another all time low!

It does seem to me that at last the Company and more importantly David C have decided to concentrate on a few things and do them well and stop diversifying into none core stuff. I'm in for a lot less than DC, so I'm assuming that whatever happens DC will make sure he gets a return on his money/holding, we will see. The report does read well.

[littlemadam] 30/9/2014 17:47

Duss
Did sells outweigh buys hence the price fall?

If so then there are a few holders thoroughly fed up (who can blame them) and desperate to be out of such a poorly-performing company.

Might have to leave these in my will for others to eventually benefit!

[britishb] 30/9/2014 16:36

So, let me summarise.

Horrible results. Heavy H1 losses in what is normally the better half. H2 will presumably be at least as bad and prob imo worse.

Net current liabs of #1.3m and other liabs of #1m.

Selling off the crown jewels to pay back dir loans and keep the wolves at bay for a few months.

At least they found some brave souls to pay them for a stake in The Champ.

I really do hate this bit "Singapore Championship (previously the Ballantine's Championship in Korea) which has been valued at US$5,000,000 by independent parties as part of the sale of 15% of the Championship (Singapore) Pte Ltd for US$750,000 - which is well in excess of the current market capitalisation of the Group"

Well that's true but so what? $5m is about 3 m quid - which ain't much more than cur + non curr liabs.

The 15 years of shareholder shafting continues unabated.

[dusseldorf] 30/9/2014 16:31

Some spectacular trading skills by someone trying to ramp the price and then getting caught in - no-one learns the lessons of old. A new low reached.

littlemadam - orvil doesn't frequent the bb much but is still a holder (and believer in the future)

[littlemadam] 30/9/2014 15:36

Where is orvil?

[colin12345678] 30/9/2014 15:25

Wow - US$5 million valuation on the Golf Championship - that should steady the ship going forward... not great interims but costs reduced (going forward) and several music events plus Championships gold sponsorships in the works.. hopefully this is the floor...

[daytraders] 30/9/2014 15:25

mc should be worth at least $5mill just on the championship side of paa.

[colin12345678] 30/9/2014 15:23

Gonna shift moving on every buy!!!

[tez123] 30/9/2014 15:22

Every buy moving this up now.

[mister md] 30/9/2014 14:44

"Discussions have commenced for the sale of a further 15% in The Championship (Singapore) Pte Ltd and the Board is hopeful that this will be concluded in 2015"

[knigel] 30/9/2014 14:41

Probably means no further short term dilution too :-)
A few Japanese events in the works..

[dusseldorf] 30/9/2014 14:34

didn't see that one coming. DC had inferred that each golf tournament was worth a few million in days gone by but I took that with a pinch of salt. Singapore is a new tournament, which must have had agreement perhaps to include in European schedule going forward.

Cash, I cannot believe PAA actually generated some cash from selling a stake in a newly created asset. :)

[dusseldorf] 30/9/2014 14:22

9.34x24= £2.24 - again, assuming no dilution, equates to a mcap £6.7m, hardly unachievable when you consider CHA got to £50m with effectively no business and just speculation/insider dealing and closely held shares. There will be dilution regardless of funding as various options I think still outstanding.

A long time ago DC stated a target mcap of £20m for PAA, if the stars align, it's achievable, but lets start with £5m mcap..

[daytraders] 30/9/2014 12:51

Thought i would just check my account,PAA worth £2083, cost was £9107, so 340% to b/e ouch, 77% down i paid 9.34p each old money, what ever that is in new money ?

[daytraders] 30/9/2014 12:38

Dusseldorf, hehe, silly me, your correct, 300% to b/e.

[dusseldorf] 30/9/2014 12:02

Daytraders - Just a technical point but the maximum you can be down (outside of leveraged products) is 100%. I guess you mean you need 300% to get back to break even?

I think my BE level is around 150/160p which is not entirely unreasonable for the co. if performing 'ok', but I want far in excess of that and ultimately for PAA to be snapped up when it has proven profitable delivery on all events retained and solid financials/growth prospects.