fhmktg

10/3/2025 12:05

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Interims due around month end.
Update on Serica and plans what to do with the cash?

nigelpm

02/3/2025 17:34

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In theory £9m should be coming in soon vs a market cap of £16m - bonkers.

robs12

20/2/2025 18:52

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PMG's been valued near cash for years. With good reason, no prospects of going anywhere.

smudgeroo

19/2/2025 12:01

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Very quiet from Parkmead since the announcement to sell Parkmead (E&P) Ltd to Serica Energy.Assuming the deal goes through the company should receive £7m by the end of the month which will value the company not far off of cash in the bank.

nigelpm

30/1/2025 11:07

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Interesting read from SQZ investor meet call - full focus in North Sea - so that contingent payment is looking good.

chutes01

24/12/2024 22:51

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Merry Christmas all

nigelpm

24/12/2024 19:21

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My suspicion is it will be sold next year for somewhere between 35p and 50p.

sonofthebull

24/12/2024 09:25

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Broker states it's valued in the £0.60s
Currentley priced way off....There's land, cash and revenue.oh and a big renewable project round the corner.

sphere25

24/12/2024 09:16

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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

chutes01

14/12/2024 21:31

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So where is it going to

sonofthebull

14/12/2024 18:34

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Skerryvore was always going to provide oil
It's in between two producing fields
Cross stated it was never going to be an exploration drill but a well test

chutes01

12/12/2024 22:08

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Skerryvore will be developed
Talbot first oil recently and it can be tied in to that new infrastructure
Or there are other options
So add 30p to the sp

kinwah

12/12/2024 20:52

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The Dutch gas assets will be next to be sold off. We could do with another cold snap to hike the valuation. The rump business could attract interest from financial investors or could even see Cross making a buy-out offer. I can see this leaving my portfolio at 40-45p in the next 12 months.

ashkv

12/12/2024 16:09

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From the other board

Oiltdr
Posts: 85
Price: 19.00
Bought parkmeadToday 13:26
I’ve bought parkmead in size this morning - it trades below Q1 projected cash, values the contingent cash at zero and values the existing productions assets and corresponding 4p per share of annual earnings at zero.

The market will do a value discovery exercise and this deal will unlock the ability to complete earnings enhancing deals.

sonofthebull

12/12/2024 15:46

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Love you to Scot

chutes01

12/12/2024 14:28

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Wee bull
You are a clown

sonofthebull

12/12/2024 14:22

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But it's not until some more are bought !

chutes01

12/12/2024 14:16

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Should be over 40p

ashkv

12/12/2024 13:53

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Star Energy (STAR) another similar depressed gem!!!

g2theary

12/12/2024 11:25

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Well done all... take a look at VAST Resources for an epic gamble for a potential2024 multi bag ;)

fardels bear

12/12/2024 10:56

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No new speedboat, eh? Mrs M will not be pleased.

mallorca 9

12/12/2024 09:07

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25 years of PMG to get to this !