Parallel Media Share Discussion Threads

[topinfo] 30/12/2014 13:37

PAA do the maths on that section of the Rns Ive just put up based on $5 million vs current mkt cap and share price Good eh

PAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Next stop the Moon!

[moreforus] 30/12/2014 13:37

oh dear costume 29 forget he still had costume 21 deployed

wooopsy

[topinfo] 30/12/2014 13:36

PAA do the maths on that section of the Rns Ive just put up based on $5 million vs current mkt cap and share price Good eh

PAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Next stop the Moon!

[britishb] 30/12/2014 13:33

I see we've got a new rampster hampster on the other thread.

I wonder TOPINFO if you realise that the only bit of PAA that has ever made any worthwhile money is the Euro Tour Golf events they have sponsored - and that they don't have any on the Tour Schedule next year?

Oh and the balance sheet looks in a shocking state.

OH and PAA have been racking up losses year after year.

I stick with my prediction of bust or a 5p/share fundraise in 2015...

[topinfo] 30/12/2014 13:33

daytraders if you get your money back I will make 800% he he thats mega !!

[topinfo] 30/12/2014 13:32

PAA check this out and then look at tiny mkt cap.

On 1 September 2014, the Group entered into an agreement with Amarantos Group International Limited and First Alverstone Partners Limited to sell 15% of the equity of The Championship (Singapore) Pte Ltd for US$0.75m (valuing the whole of the equity at US$5.0m). In addition, an option has been entered into with First Alverstone Partners Limited for a further 10% of the company to be sold at the same valuation. The option can be exercised from the date of the agreement until 1 November 2015.

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.

As at today's date we are in discussion with two potential title sponsors for the Championship in Singapore and will update shareholders in due course.

As announced in the final results for the financial year ended 31 December 2013 that were released on 19 June 2014, the relocation of the Championship to Singapore has, in the Board's view, been positive for the Company. PMG is now able to run the Championship in Singapore and is also able to continue its existing title sponsor discussions for a "Championship" or similar event in Korea from 2015 onwards. The Group is pleased to confirm that it has now negotiated and agreed a new date on the European Tour for this event in Q3 2015 and discussions are on-going with the potential venue in Korea and with potential sponsors.

[daytraders] 30/12/2014 13:27

This needs to 8 fold for me to get my money back here

[topinfo] 30/12/2014 13:27

PAA Mkt cap is just £930k, so less than even £1 million. Thats mental when you look at what they do, the numbers involved, the growth and their true NAV and correct worth. An easy bagger and more if ever I saw one IMO.


At 65p PAA will be a full bagger and mkt cap will still only be just £1.8 million, crazy cheap for this quality outfit!!


DSIDS!!!

[topinfo] 30/12/2014 01:13

PAA Mkt cap is just £930k, so less than even £1 million. Thats mental when you look at what they do, the numbers involved, the growth and their true NAV and correct worth. An easy bagger and more if ever I saw one IMO. DSIDS!!!

[buywell2] 07/12/2014 11:58

macd looks a bit of a concern

[ga123] 05/12/2014 21:22

in one of my previous posts I said the messiah DC will turn £1000 of investors money into £100,was wrong,he manages to turn £1000 into £10,what a genius.Has everyone woke up and smelt the coffee now?

[cottoner] 02/12/2014 18:25

Dusseldorf,

Have a look at the European Tour schedule for 2015 and you'll see what PAA's involvement is.!!!





Haven't found an Asia Tour 2015 schedule yet.

[daytraders] 02/12/2014 17:45

kevin down 8K here.

[britishb] 02/12/2014 16:26

Dusseldunce, you say "the key as ever here is equity dilution"

Don't you think the 14+ years of almost non-stop losses are a factor? Or the very well paid, solitary exec director? Durrr...

Why don't you phone them up and ask what's happening with The Championship? Or not happening!

[dusseldorf] 02/12/2014 16:09

cottoner - the results have been shockers to be fair, the key as ever here is equity dilution. There are only 3m shares in issue at present - I would like to see that protected as much as possible.

Looks like we need some news on confirmation of whether Singapore is in/out of the Eurpoean/Asia PGA calendar and whether a separate event is being run.

Activities in Japan alluded to a few months ago also require an update.

[britishb] 02/12/2014 15:48

Surely that's not Duss and Nige averaging down yet again?!

Chortle.

[cottoner] 02/12/2014 14:49

Basically a year ago to the day, £1m was raised in a placing to make the MCAP on that day £4.69M according to the RNS.

Today the MCAP is now below £1M - that's some going!!!

[britishb] 02/12/2014 14:31

As I've pointed out 100's of times, this company has "sucked" since its current incarnation in 2000 (from memory). 14+ years of almost uninterrupted losses and shareholder dilution.

Quite why anyone bothers with it is utterly beyond me. Fools and their money etc.

If no European Tour event next year perhaps the ramping rats (you know who you are) will be put out of their misery once and for all. I hope that's not the case and PAA pull a rabbit out of the hat, but it looks as dire as ever (probably even worse) to me.

[kevin 1896] 02/12/2014 13:34

This company sucks. lost over 10k so far

[britishb] 02/12/2014 12:54

No need to congratulate MD. Any fool could see the strong possibility of events unfolding like this.

As at 30th June PAA had net current assets of MINUS £1.345m and further liabilities of 291k borrowings and 708k deferred tax.

That def tax may not ever become due (haven't looked into it). Even ignoring that there were over £1.6 net liabs.

They've since raised c 470k from part sale of The Championship. My feeling is any further sale of stake (as mooted) highly unlikely if not a Euro Tour event.

I'd guess H2 will be loss-making on similar scale to H1 (440k). I can only guess!

So end year position will show similar £1.3m net current liabs and further 290k borrowings.

A horrible balance sheet situation IMO and if no Euro Tour events in 2015 I'm struggling to see how things improve.

Unless the music events bring in some money (they haven't so far AFAICS) further dilution looks likely.

So I update my prediction to bust or 5p fund-raise. A PAA event suddenly appearing on the Euro Tour schedule or some evidence of other events making money would make me think again but neither looks likely (to my untrained clueless eye).

[mister md] 02/12/2014 11:59

30p
Down 25%
Well done on reaching your target price

[britishb] 02/12/2014 08:53

Errr...the TBC event is clearly stated as being the World Matchplay Championship. It doesn't seem likely that that is a PAA event. Never has been before and it seems unlikely to me that such a big event would be held in Asia. I may be wrong of course but don't say you weren't warned...

If no Tour status for any PAA events then no big players, no big sponsors, and no profits seems the likely outcome.

I wonder what the recent purchasers of a stake in The Championship make of it all. A bit of spluttering into the old G&T's at Raffles one would imagine!

Maybe a glorious future lies ahead for PAA but more likely to end in a Singapore sewer IMO...given the 14+ years of abject performance.

I did say that the shenanigans at The Championship 2014 might strain relations with The Tour. You ignored that like the dozens of other warnings I gave you and the share price now approaches my 30p target that I set months ago. It'll probably go much lower than that (to zero?) if no Euro Tour events IMO.

Good luck to those brave (stupid?) enough to stay in!

[dusseldorf] 02/12/2014 08:35

It's a fair point to make re: lack of clarity in dates. One take (mine at present) is that the 'TBC' is the new Singapore event (co-sanctioned by PGA) and 'the championship' will be run as an event outside of PGA as a regional event. Re-reading the RNS it's clear we would have two events, but it was never stated there would be two PGA events.

Greater clarity would allay some concerns