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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Parkmead Group (the) Plc | PMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 16.00 | 08:00:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 16.00 | 15.60 | 16.05 | 16.00 | 16.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 24/12/2024 09:16 by sphere25 Picked up a few here at 18p.A little scurry of trades hitting the book. Some 50k blocks are being bought - stick out today. I don't know if that is a bigger stake builder, but watching to see if buying does pick up to allow a push higher. Exit if it goes stale. It is PMG, but that recent bit of news does appear to suggest it is worth a little punt here with the price trading at a discount to various assets now, as well as not including anything for the adjusted profit figures from the broker of £1.1m. Maybe the market thinks the cash will be spaffed away so it should trade at big discount, but the price did spike to 24p on the news. It would be nice to sell into a spike, but you can't expect much in this market. Is this allowed to break higher? All imo DYOR |
Posted at 12/12/2024 09:07 by mallorca 9 25 years of PMG to get to this ! |
Posted at 12/12/2024 09:04 by typo56 I thought a dividend couldn't be paid when there's a retained deficit on the balance sheet.y/e 30 June 2024 the retained deficit was over £87m. I see no mention of the use of the cash, other than it means, "the Group is well-funded to pursue the next phase of its growth plans in natural gas, renewable energies and international E&P." |
Posted at 12/12/2024 09:00 by mallorca 9 Nice cash for Tom.Don't expect any growth though. PMG is just his money cow. Even their Head Office Building in Aberdeen is held under a separate Company .... charging rent to PMG. I do not hold here ... but my advice would be , get out today. |
Posted at 27/11/2024 19:45 by robs12 September's production figures are out - 182boepd net to PMG.That's 32MMscf for the month net to PMG. TTF was around €37/MWh avg in September, so in rough numbers that's a little over £300K revenue for the month, less operating costs. DYOR and sums...and form your own conclusions. |
Posted at 26/11/2024 19:14 by robs12 Well, I was wrong on the (no) profit prediction, but seems to be only due to accounting shenanigans and a tax credit, which I guess would be due to them predicting much higher revenue from NL.Which clearly is not the case - I had to double take and reread that LDS-1 is done and dusted, that's a shocker. Typical PMG smoke and mirrors stating that gross NL production is up. That is purely because LDS-01 was on line for a few months. Now it's dead. Net production to PMG is now the lowest it's ever been. Revenue down from £14.8m to £5.7m gives a much clearer picture of the situation. Makes a change that they're actually announcing relinquishments and end of Grolloo production next year - in advance - most unlike typical PMG announcements! Good that they're talking about selling off Skerryvore (and ??), that could raise a few pennies but likely not a lot - it's explo. No progress on the windfarm (yawn) and nothing concrete on new NL activity for the foreseeable - entirely in Vermilion's hands, they've been talking about progressing Papekop for 10+ years. The three windmills still don't quite cover TC's salary. And I was wrong on the TC retirement too dammit..... But reading between the lines, they can see NL revenue is going to look awful in 6 months' time and years before a possible production increase, there's many years before any new wind farm will be generating revenue, so a sale (possibly the whole rather than just the offshore 'assets') is looking imminent to me. Ho hum. Well done to anyone who was able to get a small flip today. I'm still holding my small free carry...to the end (maybe)! |
Posted at 26/11/2024 08:57 by ashkv Suit yourself M9 - I will be adding on any weakness given gas prices in H2 2024 will lead to excellent cash profits.What were you expecting from PMG results? I was hoping for continual decent performance from Netherland Gas Assets, UK Windfarm Electricity Generation, Update on Monetization of UK offshore assets - and perhaps a repayment of Tom Cross Evergreened PMG Loan!! Loan not paid back is my big negative though super happy that discussions are ongoing and likely announcement imminent on sale of UK offshore assets - Perhaps the buyer will purchase all of PMG :) |
Posted at 26/11/2024 08:43 by ashkv Ridiculous share price - it would be nice if the CEO repays the GBP 2.9mn evergreen loan :) Could give back to shareholders as a dividend :)PMG Share Price-> 14.50p PMG Current Share Price vs 52 Week low of 7.55p on 23 Sep 24-> 92.05% PMG Current Share Price vs 52 Week High of 21.25p on 28 Dec 23-> 48.28% TTF Gas Price-> 118.00 Shares Outstanding-> 109,266,931 Market Cap-GBP-> £15,843,705 Market Cap-USD-> $19,883,850 GBPUSD-> 1.255 Cash-GBP (30 June 24 - RNS 26 Nov 24)-> £9,486,000 Cash-USD-> $11,904,930 Debt-GBP-> £668,000 Debt-USD-> $838,340 Enterprise Value (EV) - USD $8,817,260 Production (Net) (FY Results 2024)-> 269.5 EV/Barrel-> $32,717 EV (Including Loan To CEO as Current Asset/Cash)/Barrel-& Decommissioning-GBP (FY Results 2024)-> £1,269,000 Decommissioning-USD (FY Results 2024)-> $1,592,595 EV/Barrel Including Decommissioning Costs-> $9.0 Cash Component Share (GBP)-> 8.68p Loan To CEO Tom Cross-> £2,936,000 Net Cash & Loan Comp Share (GBP)-> 11.37p |
Posted at 14/8/2024 09:16 by ashkv I already have small exposure to PMG at levels 20% above today's 10.75p mult-year lowAs of today's low trading below net cash + loan to CEO No value for production and recent positive TTF gas pricing. PMG Share Price-> 10.75p PMG Current Share Price vs 52 Week low of 10.75p on 14 Aug 24-> 0.00% PMG Current Share Price vs 52 Week High of 21.25p on 28 Dec 23-> -50.00% TTF Gas Price-> 40.16 Shares Outstanding-> 109,266,931 Market Cap-GBP-> £11,746,195 Market Cap-USD-> $15,093,861 GBPUSD-> 1.285 Cash-GBP (31 Dec 23 - RNS 28 Mar 24)-> £9,200,000 Cash-USD-> $11,822,000 Debt-GBP-> £800,000 Debt-USD-> $1,028,000 Enterprise Value-USD $4,299,861 Production (Net) (6M Interim Results 2023)-> 289 EV/Barrel-> $14,878 EV (Including Loan To CEO as Current Asset/Cash)/Barrel-& Decommissioning-GBP (6M Interim Results 2023)-> £1,590,000 Decommissioning-USD (6M Interim Results 2023)-> $2,043,150 EV/Barrel Including Decommissioning Costs-> $9.0 Cash Component Share (GBP)-> 8.42p Loan To CEO Tom Cross-> £2,670,000 Net Cash & Loan Comp Share (GBP)-> 10.86p |
Posted at 28/3/2024 10:29 by ashkv The only real redemption for Parkmead is a sale /for its tax assets!!!PMG is now partnered with Orcadian and would similar to Orcadian require equity raises to further Skerryvore should it not be able to attract a Farm-out partner. PMG has Net Cash of around GBP 9.2 million at YE 2023 -> with actual available cash around GBP 5 to 6 million once other certain items are netted which is not enough to progress PMG's share of Skerryvore given where gas prices are!!! Outright Sale, Equity Raise or a Farm-Out only viable options for PMG!!! Otherwise it is more of the same. Lets see if the perpetual loan to oinky TC gets repaid in July 2024!!! Sad state of affairs at PMG :( Share Price: 17.00p PMG Current Share Price vs 52 Week low of 12.25p on 6 Nov 23: 36.00% PMG Current Share Price vs 52 Week High of 38p on 31 Mar 23: -55.26% TTF Gas Price: 27.55 Shares Outstanding: 109,266,931 Market Cap-GBP: £18,575,378 Market Cap-USD: $23,404,977 GBPUSD: 1.26 Cash-GBP (31 Dec 23 - RNS 28 Mar 24) £9,200,000 Cash-USD: $11,592,000 Debt-GBP: £800,000 Debt-USD: $1,008,000 Enterprise Value-USD $12,820,977 Production (Net) (6M Interim Results 2023): 289 EV/Barrel: $44,363 Decommissioning-GBP: £1,590,000 Decommissioning-USD: $2,003,400 EV/Barrel Including Decommissioning Costs: $51,295 |
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