Parallel Media Share Discussion Threads

[dusseldorf] 10/4/2015 19:15

bozzy_s - its a fair point to make, but its also unrealistic to expect the person who founded the company has put in millions and years into the company and owns 30% and is owed £550k, the only deal maker etc.. to simply walk away when its in its current state.I'm sure he does not intend to run PAA forever and I'm sure will step back, but I'd like to think he'd leave when the company is profitable and growing...for which timings are not clear based on what little we have been told so far.Poor historic price performance is no guarantee of poor future price performance, however I acknowledge the most prudent approach is to wait and see at this stage how the company progresses before investing money you cannot afford to lose.I'm quietly confident a music update may give us something positive as this was IMO a 'bad news' RNS, which leaves me to believe there is a more positive one on its way. 15% up on bad news, perhaps there is hope for further gains before full year.

[bozzy_s] 10/4/2015 18:20

£2,500 invested in 2006 is today worth £2.

I certainly wouldn't be advising people to average down in a stock which has consistently fallen, where the management responsible for the failure still haven't been booted out.

That would be the first requirement to even consider investing in PAA.

[dusseldorf] 10/4/2015 17:27

Twodegrees - I've been averaging down (against my better judgement in absence of news to date), my breakeven is around 70p now. On the basis that it survives, which appears now to be the case and reverses fortunes (will music provide some growth?!) perhaps averaging down is one way to make your b/e achievable.Looks like another stake sale could raise cash avoiding dilution...

[twodegrees] 10/4/2015 16:45

dusseldorf still need to get to £7.50 to break even.....don't think we will ever get to that ...maybe 75p

[dusseldorf] 10/4/2015 16:20

Deferred but still associated with European PGA, two events still targeted and music update pending. Its risen as we're not a dead duck by all accounts - perhaps music update is more positive and better suits its own RNS?

[mister md] 10/4/2015 15:14

well, its still in business so thats a relief... rns out

[buywell2] 02/4/2015 15:57

I imagine this will de-list soon

Has this been discussed ?

[britishb] 27/3/2015 12:41

With respect DD, PAA might go bust and shareholders get nothing at all. So the bottom is very clearly 0p and not a £500k valuation.

PAA looks in an awful state (IMO) unless they make some money on the music stuff or the golf stuff gets back on the Euro Tour.

Accepted that funny things happen to tiny listed companies/shells etc. You might get lucky...but don't kid yourself that a 100% loss from here isn't a very real possibility.

[dusseldorf] 27/3/2015 07:56

britishb - My view is based on a listed trading company valuation - normally the (approximate) 'floor' of any AIM company regardless of performance is circa £500k - PAA was trading at £400k. Obviously dilution could mean the price goes lower if numbers / new business doesn't encourage investors, but I did not expect it to go lower still with the current no. of shares. As it turns out my approximation was fairly accurate as a number of buyers 'appeared' to absorb the stock so there must be some appetite for risk sub-£500k in line with my base valuation.

[britishb] 26/3/2015 17:01

DD you say "Just when you think it can't possibly get any lower".

Why on earth would you think that? It's been getting worse for FIFTEEN YEARS!!!!

[dusseldorf] 25/3/2015 17:54

Indeed, I wish he spent as much time on this 'not for profit' venture as he did with parallel contemporary arts...

[mister md] 25/3/2015 15:48

www.theurbanwire.com/2015/03/moving-forward-singapores-contemporary-art/

well he's still enjoying his art at the Marina Bay Sands...
Hang on, isn't that the partnership that was meant to generate revenues for PMG ? ;)
"The new business will also focus on the development of the highly successful
Asian music genre, KPOP, promoting and organising concerts in the Asia Pacific
territory and granting sponsors access to some of the best properties in the
arts and musicals scene. PSMA has already developed a relationship with the
Singapore based Marina Bay Sands, which is one of the two licensed Singapore
integrated casino and leisure resorts that last month announced record profits
and revenues"

[mister md] 25/3/2015 15:31

off-topic: CRND looking interesting - with so many interested parties you would hope for a positive outcome, shame the shareprice is telling a different story with less than a week to go before due-diligence completion etc

[mister md] 25/3/2015 15:26

yes then we'll have a re-run of what has happened in the past. Unless the buyer(s) are able to pay on the settlement date...

[dusseldorf] 25/3/2015 15:19

I do hope the T20 brigade haven't caused this intraday resurgence as it will no doubt lead to a further decline. The 30k and subsequent trades are all listed with 'C' so conditions apply, which in some cases means extended settlement.

[mister md] 25/3/2015 15:12

did some dummy buy orders, was quoted 14.35, so all buys since that first sell. Now back to 18p on the offer.
Marketcap 0.44m priced to go bust, question is: will it ?

[dusseldorf] 25/3/2015 15:09

...and 30,000 at 14.35 - a delayed sell perhaps having been worked? that's 720,000 shares in old money

[dusseldorf] 25/3/2015 14:29

Just when you think it can't possibly get any lower... thats 312,000 shares in old money? not many people held that amount.

[mister md] 25/3/2015 14:12

wow a sell has gone through at 13p a new low point !

[dusseldorf] 17/3/2015 16:06

I have historically sold some, but currently maintain a position larger than previous holdings - it's not worth a huge amount today. My belief in a recovery was some way backed by the fact DC wanted to build PAA into a £20m+ company that is self sustaining with the view to eventual sale. I have misplaced faith in the individual and his enthusiasm rather than the trading results. Perhaps my biggest mistake was actually meeting him.

Unfortunately it appears more and more that he's been spending an excessive (the 'majority') amount of time on the Korean Eye/Japan Eye Art etc.. ventures ('not for profit' in theory) but PAA telephone no.s are used as contacts and PAA staff no doubt involved - perhaps he bills resources twice(!). Parallel Media Group is listed as a company involved in many press statements for the Eye projects, but receives little to no money for it.

Perhaps you could argue the sponsors engaged to PAA sports were sourced from art projects, but perhaps vice-versa is true.

- Office is PAA's
- Lists multiple websites/contacts as PAA, Parallel contemporary art as a sponsor

I suspect David is also drawing fees from Parallel Contemporary Art (who knows it's his an Serenallas private vehicle), and Art as his passion has been funded from the PAA coffers/staff i.e. his time.

At best he has taken his eye off the ball, at worst PAA has been designed solely to fund and create his art venture which may eventually be monitised. Perhaps he will try and reverse the established art ventures into PAA for a fee..

He even gets the apps developed for the eye exhibitions by someone else when in theory a JV was formed specifically for that smart media purpose(!)

PAA is currently trading effectively as a zombie shell IMO, with the only glimmer of hope being perhaps an unknown partnership into the music industry (kpop et al). I am aware it's foolhardy to hold on, as I feel I have been duped by the Director, but if he is to make money from being listed at some point he'll have to play his cards.

[britishb] 17/3/2015 15:31

DD you ask "PAA must be, perhaps someone can correct, the worst performing, 'surviving', company ever to exist on AIM/LSE without changing ownership"

I've been suggesting that may be the case for a very long time...which begs the questions a) why did you buy them and b) why haven't you sold them?

As they seem to have lost the golf events, the balance sheet is a mess, etc etc what makes you think it won't be (at best) a rinse and repeat ie more losses, more dilution?