Parallel Media Share Discussion Threads

[loverat] 16/12/2015 10:47

I see British Bear is bringing his yearly cheer to this thread.

His new user name vaguely reminds me of Ebenezer.

Perhaps the Christmas spirit will pay him a visit this year and persuade him to cash in his Premium Bonds and have a little fun.

[eezymunny] 16/12/2015 10:45

The problem with "hobbyists" making lots of bullish, confident posts is that people may take you seriously. It should be illegal IMO.

Why not try to make your hobby lifestyle changing and buy into some decent, profitable companies? I started with no knowledge at all and have made millions in shares. It's easy. Much better than slogging away at work all your life IMO.

[dusseldorf] 16/12/2015 09:45

EezyMunny - At least we agree on one thing, that it makes sense for Harwood to protect their investment. Harwoods involvment is probably the only reason I'm still here as I believe they will try protect their investment which was at £1.56 - Chris Mills also holds quite a few personally I believe. My biggest investment is in my employer, we're profitable and growing, I get incentivised by options and eventually we'll be bought. I also have a sensible yet boring pension fund.

AIM stocks are a hobby not a lifestyle changer - unless a few bolts from the blue arise. My last 8 AIM transactions have been profitable, so my hit rate is improving - you may say it's luck, but the one thing I've learnt (Given the stocks I trade are high risk) is to be patient or make very quick trades - there's not much to be had in the middle ground.

Obviously with PAA I'm being extremely patient and yes performance and trading to date has been uncomfortably poor. Assuming positive progress is made shortly, and 'extreme' dilution can be avoided, I'll be quite happy sitting here longer.

[dusseldorf] 16/12/2015 08:16

EezyMunny - If you invested £1m+ 2 years ago, placed a non-exec on the board and owned 30% of a listed company, would you simply write it off?

Perhaps money has come too 'Eezy' for you

[eezymunny] 13/12/2015 20:33

I don't see why Harwood would find the company worth saving. Shareholders have, year after year, been diluted a staggering 100 times over (IIRC) with nothing to show for it. There are £3m liabilities that can't currently be paid.

If Harwood want to do something musical with DC why not just do it with DC's new music biz - that PAA owns none of?

Get it over with Mr Executioner!

[dusseldorf] 13/12/2015 17:00

So you think Harwood, who have a non-exec Director on the board will block something that ensures the survival of the company without a plan b? I suspect there is a plan b, hopefully to be revealed shortly.

Orxy (Chris Mills/Sturm) invested £1m from memory only 2 years ago, I don't think they'll have given up just yet - Mills in particular seems to do quite well generally from investments.

The PAA non-exec is also linked to the most recent deal, which would seem a bit foolish if they were going to pull the plug:
TeamRock is majority owned by funds managed by Harwood Capital LLP, which also own 28.23 per cent. of the ordinary shares in Parallel Media Group plc, and Tim Sturm, non-executive director of PMG, is a partner of Harwood Capital LLP and a non-executive director of TeamRock.

I believe there is life in the old dog yet - and perhaps life that minimises dilution, which is really ideal at these levels.

[eezymunny] 13/12/2015 10:07

Hmmmm if company directors with shareholdings couldn't vote to issue new shares we'd have some interesting outcomes.

As I say it seems highly likely to me that Harwood have said enough is enough.

Fat lady etc...

[dusseldorf] 12/12/2015 15:24

Just running with the theory on 'insiders' not being able to vote, that was your inferrance not mine ....

[eezymunny] 11/12/2015 20:56

What on earth makes you think the directors weren't eligible? There's absolutely no reason to think that AFAICS. Did you just make it up?

[dusseldorf] 11/12/2015 20:11

I think only names in the fray are Chris Salter/Herald investment that said, they don't own many shares. Maybe it didn't take many shares to vote the motions down if Directors were not eligible.

[eezymunny] 11/12/2015 17:40

So who do you think blocked the issue of new shares? Nobody but Harwood own enough AFAICS. I reckon they have said enough is enough. The share capital has, after all, been diluted a staggering 100 times over IIRC. Outrageous IMO.

[daytraders] 10/12/2015 11:25

I wrote my £9K off here ages ago, my worse investment ever.

[eezymunny] 10/12/2015 10:12

Unless something fairly miraculous happens quickly I think PAA will be bust soon. They currently have next to no money and significant liabilities that they simply can't pay. Now their ability to issue new shares has been blocked (I guess by Harwood, the biggest non-insider shareholder).

Unless they sell-off golf rights and/or manage to negotiate away most of their liabilities, I'd say they will be toast within months. My own view is that those rights may be pretty worthless now but we don't know exactly what those rights are, so I may be wrong.

My guess is PAA is in administration soon and DC carries on with the music biz (which PAA own NONE of AFAICS!).

I might be wrong. Miracles happen. For gawd's sake DYOR and don't take my, nor anybody else's view, too seriously (even though I've been right on this for 2+ years and DD has been wrong for 2+ years!).

[littlemadam] 10/12/2015 09:43

EezyMunny. I take it you do not rate this share a 'buy'.
Do you hold any PAA shares?

Also, I stand corrected about not thinking for myself. Very lazy of me. My trouble is that I don't take the time to study the companies I invest in. I take what CEOs like DC say as true. My downfall.

[eezymunny] 08/12/2015 22:30

Yes the equity valued at only £0.27m...but why would anyone buy it when there are £3m+ liabilities and no means of paying them?

Why on earth are you asking DD questions littlemadam? Just about every bit of rampy nonsense he has written about this company has proven to be utter tripe. Think for yourself for goodness sake!

[dusseldorf] 08/12/2015 21:21

littlemadam - I suspect the voting dissent, which in all likelyhood is Harwood (Oryx - who have representation on the board), may perhaps propose a different funding route. I doubt having someone so close to the company having been involved in the latest music deal, and also having invested over £1m 2 years ago is willing to give up. I hope they are willing to protect their initial investment (at £1.50/share!) from dilution. I'm hoping something will come out prior to xmas.

If dilution can be avoided, let's just be reminded that the market cap is just £0.27m or to put in another way £75k -£150k (including price premiums for volume) would buy you 25% of the company and in all likelyhood take up the entire free floating equity.

[littlemadam] 08/12/2015 19:55

Duss, MD - where does PAA go from here? Are we completely stuffed?

[mister md] 07/12/2015 18:13

apart from the occasional trade, and a rare decent company such as GVC, I would strongly advise avoiding investing in any AIM company. While 1 in 10 might be a great investment, its the other 9/10 that will cost you ... ;)

[eezymunny] 07/12/2015 16:31

Only "mildly" concerning DD?

I guess Harwood have said enough is enough?

Where's the fat lady?

[dusseldorf] 07/12/2015 16:24

Have to say that is mildly concerning, the shareholders are revolting(!)

[eezymunny] 07/12/2015 16:09

AGM

"Ordinary resolution 4, being the directors authority to issue shares and special resolution 5, being the disapplication of pre-emption rights, were voted down."

If only the authority to issue shares had been voted down 16 years ago :)