Parallel Media Share Discussion Threads

[knigel] 09/11/2015 19:36

LOL some have been saying this for years... agree it's not great, but maybe PTV and MTV (to name two) are at the "going bust soon" chart with PAA maybe just outside the top ten

[kate dumpston] 09/11/2015 19:16

This one looks doomed.

[eezymunny] 03/11/2015 13:48

Re the £2m - can you think of ANY other possibility than the Tour? I'm struggling. It's a big number and they just weren't doing biz with anyone in that size except sponsors who were CUSTOMERS and not SUPPLIERS (you'd think!). I can't see how PAA could ever come to owe a sponsor £2m. I guess it could be a £2m bill from the golf course that didn't ultimately hold the event (Blackstone was it?).

"Written off" and "deemed no longer payable" are almost the same thing, no? Except you need your supplier to write it off (maybe the Tour will go all soft and let them off - don't see why they would myself).

As for moving the liabiity to newco well yes that's possible...but loading that newco with debt makes it pretty worthless, no?

Best case of course is Tour lets them off and also allows them to host another tourney with a big sponsor. I think it's more likely I'll win The Open next year....

[dusseldorf] 03/11/2015 13:08

EezyMunny - I've no idea exactly what the £2m is made of and therefore can't comment on your scenario of it being owed to european tour, but I suspect too it's golf related. IMO it's still on the table as there has been no update yet, perhaps linked to the sale of golfing rights tournament sponsor etc..

I don't think he said these debts would be written off, but deemed no longer payable (presumably by PAA) - thus perhaps transferring the debt out of PAA and into the ltd set-up by DC last year...we know he was actively trying to sell shares in that newco, but chicken and egg (Sponsor and sales of newco). If PAA move all golf tournament rights/assets into newco and retain the annual fee, golf becomes a predictable income stream and can focus on music. It may even net some money

The balance of debt (not in the £2m inferred to be potentially no longer payable) is owed to the directors (£700k) and a smaller amount to lloyds (£300k). I suspect it's not beyond realms of possibility these all disappear with a conversion to equity I would hope at much higher levels.

Lets see what happens to the golf tournament..

[mister md] 03/11/2015 12:15

thanks - yes, another group of disillusioned traders seems to have 'experienced' PAA

[dusseldorf] 03/11/2015 12:05

Mister MD - the release from the tour last year was around end November 28th-1st December, so perhaps 3 - 4 weeks yet. The tour schedule only goes up to 26th March 2016 at present, I'd hope to see an event in the next batch, unless he's sold the date to others for a couple of millions (which would be wishful thinking but my preference).

Bid hasn't changed from yesterday, I guess still some day traders out to close, they really never learn.

[mister md] 03/11/2015 11:51

DD - by when would you expect a European Tour golf event (Championship) to be announced if one were to take place ? If it doesn't take place or if they don't sell the rights then things would appear to be looking bleak here (as if they weren't already) ...

[dusseldorf] 27/10/2015 09:46

Mister MD - Online sell up to 25000 at the moment no doubt soon taken out by trapped day traders but good to see nonetheless

[knigel] 26/10/2015 20:31

Riddler is respected and has been on LSE for years - he knows the AIM market inside out and he is still holding the PAA shares he acquired on Friday - nor can I recall him pumping and dumping.. not regularly any way...

[gimmetheloot] 26/10/2015 16:19

This was ramped by Riddler and his crew on Friday, now licking their wounds. Beware of Riddler and his p&d crew on LSE.

[mister md] 26/10/2015 14:35

DD - no, thankfully own only 3 AIM shares, GVC, DQE and a little golf/media outfit ;)

[dusseldorf] 26/10/2015 14:03

Re: GBO - unbelievable - you weren't holding any were you? I'm sure that saga will roll on. Canaccord clearly muppets.

Still awaiting a 3pm trade, we'll see, could be shown after hours. Seems to be the same traders keep coming back to PAA for more punishment by trying to manipulate the price(!)

[mister md] 26/10/2015 13:44

Wow, just noticed the news at GBO - another AIM disaster

[dusseldorf] 24/10/2015 18:05

It's been a long time since PAA was top of the leaders board. Equivalent to 26% worth of the entire issued capital shares swapping hands on Friday. Good to see it's still quiet on the thread.

There are only 765,235 shares in free float (out of 3,000,000 in issue), and nearly 800,000 shares traded hands on Friday, albeit looks like many who bought also sold in the same day. Is this just traders jumping on the golden cross share formation and low price or has DC managed to pull something out of the hat? My money is on the former, but who knows, it's been quiet and we're due news on the championship and perhaps more music events.

[mister md] 23/10/2015 16:28

it would appear that the 'top' traders brigade are done for today ...

[dusseldorf] 23/10/2015 12:16

Hmm, I suspect 'hot money' buying shares today (day traders looking at chart), we still have a large sell to be reported Monday, and perhaps another next Friday causing todays drop.

[dusseldorf] 22/10/2015 08:57

21trader - spread is horrendous and your comments are correct, but the news is not strong or clear enough to cause a surge, plus there is a large sell to be reported next week probably at 8-9p. If I recall the last 100%+ surge was due to a placement significantly above the then shareprice - folks need something tangible, like a profit figure or major deal with real numbers, neither of which are forthcoming.

Perhaps a major sponsor for the championship and more rights sold would be good. In theory though the mcap is £325k, we have an asset that 'could' be sold for £2 - 3m en masse. Sell all golf rights is my suggestion! focus on music alone - it leaves out the grey area of what do we actually do.

[britishb] 22/10/2015 08:40

Dear Duffelcoat you say "Don't forget at these price levels even £100k 'contribution' represents 33% of the whole market cap"

It's not that simple though is it? At 30 June net current liabilities were £3.1m. That's £3.1 MILLION that has to be paid to suppliers within a short period of time - and they currently have nothing much to pay that with. They've mentioned getting a big chunk of those liabilities written off (tho went quiet on this in the interims).

A few pop concerts ain't gonna pay those bills. Unless they sell off some golf rights or their suppliers agree to write off what's owed then things continue to look very very very grim, no?

[21trader] 22/10/2015 08:40

Signs of life then but nobody buying but a 4p spread is horrendous. The way the market works is nobody buys right now but if it spiked up 50-100% everybody would pile in. Watching for signs of interest this has not had a spike for years

[mister md] 22/10/2015 08:37

well I've set expectations very low but still feel disappointed ... ;)

[dusseldorf] 22/10/2015 08:35

Well she does look like an Anime character so should go down well in Japan.

Indeed the wording is key, Sanlam most likely saying to DC "DO NOT mention profit, ever, don't even think about it, with been with you for X years and you've never made a profit that we can report, you've made us look like fools having issued a brokers note citing 175p - 225p price target equivalent!!! Set expectations low, then people will not be disappointed"

[mister md] 22/10/2015 08:25

well I've spotted one particular songstress performing on those dates:
www.livenation.co.jp/artist/ariana-grande-tickets

very carefully worded though:
"expected to result in PCM generating revenue in excess of the approved operating costs"