Parallel Media Share Discussion Threads

[littlemadam] 03/3/2016 12:40

Duss, I agree PAA is not for day or short-term trading. I was thinking of averaging down before your post. Just freed up some cash & that's my 15k buy.

[dusseldorf] 03/3/2016 12:32

I have not had any word from DC at this stage. Be careful trying to trade PAA - it's a graveyard for day traders over past few years.

Even if DC did communicate something positive, it would only be on the basis that I became an insider and as such any info I provided would not be market sensitive, but perhaps provide some reassurance something was happening or indicate 'news' was expected.

[veldtspar] 03/3/2016 11:53

How soon are we thinking D?

[parisv] 03/3/2016 11:48

Dusseldorf, have you had any word from DC?

[dusseldorf] 03/3/2016 09:56

MM's quoting 9.5 (bid) to sell 45k shares...

littlemadam - I'm not suggesting this for right for you, but the way I look to recover my losses (given I do still back a recovery) I've averaged down over time and as such my B/E is circa 22-24p dependent which pot I'm looking at. In my mind, I could now break even 'at any point' (i.e. within 1 - 2 days given illiquidity) if something positive happens, in fact the price rose to that level one day a few months back when I was in a meeting - though TBH I'm looking for profit not B/E.

The chart if heading for a SMA 'golden cross' and it will no doubt bring return of more swing traders/day traders, but if it co-incides with positive news the price impact could be stratospheric. If there's no 'new' news we remain in limbo..

[littlemadam] 03/3/2016 09:09

My b/e is over 300p. Got in when orvil posted so positively and enthusiastically a few years ago. Ah well.

[daytraders] 02/3/2016 17:57

I have posted quite alot since i invested, my break even would be £2.26 per share actually not 300p :( bought april 2013 have wrote them off in my head.

[knigel] 02/3/2016 17:36

How many years? Who knows but shareholders tend to post on their investments. Non holders never seen to give a valid reason for their years of posting on the same non investment...

[daytraders] 02/3/2016 16:06

Sorry silly me, i meant 300p, and i want it now ;)

[mister md] 02/3/2016 15:41

Daytraders - timeframe to reach this ?

[daytraders] 02/3/2016 15:40

looking for around £300 per share to b/e

[eezymunny] 02/3/2016 15:00

There are plenty of co's that come back from near death, so my caveats are just plain common sense, DD. There's ALWAYS a chance of something good happening. Just not much here IMO.

But really, paying attention to house broker notes - you REALLY have to learn that that is utterly pointless. They are PAID by the company, so they will pretty much NEVER write anything negative. When there were forecasts in the market for PAA they were horrifically wrong year after year after year. I do my own thinking. Every time.

[dusseldorf] 02/3/2016 14:54

EezyMunny - I already stated why I believe Oryx chose new nomad - Stockbrigde, used to be called Westhouse, who were Oryx previous Nomad - too much co-incidence IMO

My past postings are speculation and were based on either 'official' brokers notes and projections, or reasonable assumptions if events go ahead (Sanlam target of 220p equivilent by now, looks like they were wrong too). Clearly if the professionals linked to the company get it wrong to such a degree how do I stand a chance of accurately predicting anything. Unless you think I hold some insider knowledge of some description, my observations are perfectly reasonable based on available info.

You certainly know how to read a balance sheet and 'guess' whats happening next on this basis, but your view tends to be very black and white - though admittedly you drop yourself a few crumbs of 'you could be right though' so to cover your stance.

[dusseldorf] 02/3/2016 14:46

FYI can sell 45,000 online at 9.1, MM's still looking for stock

[eezymunny] 02/3/2016 11:19

Why would they reverse into PAA with its £3m+ net liabilities and not some other shell with no liabilities? Doesn't make any sense at all (unless they can utilise some tax losses perhaps - doesn't seem likely to me).

Maybe the big creditors (probably European Tour IMO) will write off stuff but then there's all the money owing to DC, so still in the region of £1m.

I mean it might happen but you poor shareholders have been waiting 16 years for something good to happen.

Good luck!

[dusseldorf] 02/3/2016 10:38

another theory could be that if PAA is aligned as a 'music promotion' business than this does not constitute a 'change of business' if reversing team rock and thus not subject to same constraints as a normal reverse re: voting etc..?

not sure about the technicalities of that though, just speculating through boredom..

[dusseldorf] 02/3/2016 09:27

Mister MD - My speculative theory is that via Oryx (Mills and Sturm), "Team Rock", one of Oryx's largest holdings and that Tim Sturm (Also PAA exec) is a director of, that is currently unlisted could be brought to market via PAA.

It's a long shot, but you have to question why Mills got involved initially to such a large extent - I believe he 'personally' invested £500k prior to Oryx. You can see Team Rock promoting Rock legends in Asia, perhaps they identified PAA as both a commercial promotion partner and a potential shell for the listing.

I still haven't had contact from DC, so this is purely my speculation and could be miles from reality...

Littlemadam - completely agree, PAA has been in limbo for a long time with no clear direction, though it seems to be heading towards music in isolation.

I'm still concerned to be holding as many PAA as I do, hence why I have been trying to get to some detail on what DC sees as the next steps

[littlemadam] 02/3/2016 08:38

Duss, MD. Something needs to happen as the present situation is hopeless.
If there is a placing then funds need to be used for (maybe) an acquisition.

[mister md] 01/3/2016 20:33

with such a large stake in this and continually providing loans to keep it going, surely DC must have something in mind for the medium/longer term. Duss do you think there is any chance of something else being reversed into it for the listing ?

[dusseldorf] 01/3/2016 14:53

I am neither buyer or seller at the mo - I own enough already. Always suprises me that the little stock there is in free float changes hands so quickly on 'no news'

imagine what some good news would do..

No contact from DC yet - perhaps he's getting admin out of the way in London hence RNS's

[bckttsim] 01/3/2016 14:37

MRL moves quickly like this, if you can buy shares that is, they are like gold dust.

[knigel] 01/3/2016 14:24

All this interest BB. Anyone would think you were a shareholder! Btw made enough with FITB holding at 0.7p BEFORE the spike to 26p!

[knigel] 01/3/2016 14:24

All this interest BB. Anyone would think you were a shareholder! Btw made enough with FITB holding at 0.7p BEFORE the spike to 26p!