Parkmead Share Discussion Threads

[11_percent] 02/9/2019 15:35

and who are the directors of EMAL.

[mallorca 9] 02/9/2019 15:27

I think some are losing site of PMG's asset base v's market cap.

The full year results in November will bring the potential back into clear focus.

By the way …. we have just acquired another £8m in assets onto the balance sheet.

[typo56] 02/9/2019 15:19

In the two years to 26 July 2019 (the original term of the loan), what exclusive opportunities did PMG benefit from?

Who gets to choose what those opportunities are? The directors of EMAL?

[monte1] 02/9/2019 15:18

Mallorca9

I can do you a fantastic deal on a consignment of snake oil - are you in?

[mallorca 9] 02/9/2019 15:15

Or another way of looking at it ….

thanks to Linda Cross's majority shareholding in Pitreadie Farm PMG has been able to secure this much sought after land with high suitability for renewables.

Also, PMG get exclusive opportunities to benefit from EMAL.

Another good building block in place.

[francoismyname] 02/9/2019 14:37

Too many unanswered questions and cloak and dagger stuff to invest here.

Meant to be transparent but shareholders in the dark.


Rest of the BOD to scared to open their mouths in fear of losing cushy numbers.

All in all avoid .

[anley] 02/9/2019 14:28

Well done TYPO all that information helps for anyone who wants to invest or look at the business with a view to a bid.

It still looks messy in my view so roll on the figures and AGM so questions can be asked.

[typo56] 02/9/2019 14:08

If Tom Cross wants to make "his" company bid proof, why didn't he simply increase his shareholding in the normal way, by buying shares in the market? I'd have thought he could have rustled up £3m to acquire another 6% of the company. It would have helped to support the share price.

Instead, Linda Cross has accepted 9.6m new shares in PMG as consideration for the £4.9m loan she'd extended to Pitreadie Farm. Why pay £4.9m to hold 25% of the company when you could have done it for £3m and not diluted the other shareholders by almost 10% in the process?

It's not as if this is the only related party interest with companies owned by Tom and Linda.

There's the £2.9m loan extended to Energy Management Associates Limited in July 2017. It was due to expire on or before 26 July this year, but has been extended for another two years. The reason given for this loan was that PMG "benefits from an exclusive arrangement to join EMAL in new ventures being evaluated by the Company". To date, how have PMG benefited? I can see how it benefited Tom and Linda because in the year ended 2018 Energy Management Associates Limited was able to repay £2,865,272 they'd advanced to the company. Effectively the loan PMG extended to Energy Management Associates Limited was used to repay Tom and Linda, although I don't recall that being mentioned at the time.

Then there's the 10-year lease with Tilestamp Ltd at £284k per annum. Is that for 4 Queen's Terrace?

Presumably the other directors must have more information than us, in order to consider that the related party transactions are “fair and reasonable insofar as the Company's shareholders were concerned." I understand the need for commercial confidentiality but it's a pity the ordinary shareholders can't be privy to some of this information as it would help prevent some of our wilder speculation!

[mallorca 9] 02/9/2019 13:50

I honestly don't see that franco.

I hope and think that we're at the low.
I still hope that PMG is the one that is going to build me some serious wealth.

[francoismyname] 02/9/2019 13:46

I’m a buyer at 31p

[mallorca 9] 02/9/2019 13:26

What the hell …. I'm in for another 20k shares.

£80m net asset value inc £25m cash, no debt, revenue circa £10m pa, gas production, platypus to come shortly, GPA tie back, land wind farm …..

£45m MC.

Sentiment has never been lower so I'm sticking my neck out.

Re the concert party thing by the way ….. Kevan Smiths holding is miniscule - see above.

[mallorca 9] 02/9/2019 13:20

They did state some time ago that they were going into Renewables .
Now they have acquired prime land on which to do this.
On shore is cheaper to develop than off shore.

Also … Kevan Smith was happy to accept 295k PMG shares as full consideration for his 25% stake holding in Pitreadie Farm, so he obviously see's value.

In all honesty , I probably think that there has never been a better time to buy into PMG than now. For me though, I already hold a lot so it's a difficult one.

[anley] 02/9/2019 12:59

Mallorca...........but that is just what Cross has done over the past few years and as many on this BB have said......takes huge salaries and expenses.

Sometimes a CEO makes a big mistake and the one you should not do is sell to a company you run your dirty washing.

Go back and read the Planning Permissions files and look at them as if you were going to buy them and then ask how you were going to make a profit from them on behalf of shareholders?

I have found a license inside PMG which I feel will not be delivered as there is such a "SLOW" management structure. I am watching this very closely.

[mallorca 9] 02/9/2019 12:46

anley,

but it shouldn't be a dull business.

Just needs a leader with some fire in his belly .

[mallorca 9] 02/9/2019 12:44

Market cap now only £45m .. with £25m cash

Crazy !

What's going on ??

[anley] 02/9/2019 12:43

and how many others on this BB would be sellers?

Not all at once as some might like less and others more as the whole venture goes down to how to value PMG..............but my guess is someone some where is looking as this very dull business.

[mallorca 9] 02/9/2019 12:41

I think Tom is wide open to the prospect of a hostile takeover at this low share price

[mallorca 9] 02/9/2019 12:40

Snap their hand off

[anley] 02/9/2019 12:28

MALLORCA...........there are other debt free oil/gas business but you seem unable to make a decision.

If you were offered 90p cash now what would you do........a be honest please.

[anley] 02/9/2019 12:26

Indeed MALLORCA and it may be difficult to find a solid white knight so the only other alternative is to sell out to a VCT and for the current team to be locked in with a small stake.................lots of alternatives for a corporate guy to look at.

[francoismyname] 02/9/2019 11:57

Sellers everywhere.

Down down down you go