Parkmead Share Discussion Threads

[11_percent] 07/9/2019 20:50

Will Parkmead be paying for the building to be completed?

==========

I assume we will.....we (PMG) own it, don't we.

==========================

Just had a thought.

What if Energy Management Associates Ltd OWN the new build "house" and not Pitreadie Farm Ltd....which is now us/PMG.

Tom and Linda (EMA) can sell it off and pocket the money.

[typo56] 07/9/2019 20:48

Kevan may already have sold. Would he have to declare?

[troy] 07/9/2019 20:45

You need to be asking Tom what happens to the house when it is completed. Will it be sold off ? Air BnB ? What?

Are Linda and Kevs new shares subject to a time limit before they can sell them ? Would be tempting to sell up and run off with the cash wouldn't it !

[cyan] 07/9/2019 20:45

Question 2

PITREADIE FARM LIMITED lost £166k in the year to 31.7.19
What were the works on Pitreadie farm in furtherance of "the preparation for renewable energy operations." that PMG claim caused that "small" loss of £166,000?

(We know a huge mansion is being built for sure)

[typo56] 07/9/2019 20:43

But is the Aupec rent of £110k pa for No4 in addition to the Parkmead rent of £284k pa?

On the face of it, it looks like a £400k pa income stream for Tom & Linda.

[bountyhunter] 07/9/2019 20:42

Maybe the new building is going to be the substation for a windfarm or the thousands of potential solar panels lol. Sorry not really amusing is it as it's our money at stake.

[typo56] 07/9/2019 20:42

So will Altair Construction & Development Ltd be completing it? The company owned by Linda Cross and borrowing from Energy Management Associates Limited?

What are the chances of cost overruns?

[11_percent] 07/9/2019 20:41

Yes......Aupec are in No4 as well. I look at them as part of PMG, although they are not oil.

[11_percent] 07/9/2019 20:37

Will Parkmead be paying for the building to be completed?

==========

I assume we will.....we (PMG) own it, don't we.

[typo56] 07/9/2019 20:37

It is complicated. It's "House of Cross"

[11_percent] 07/9/2019 20:33

It looks like Lloyds were in No2 and No3, and have moved out to Prime4, hence they are empty.

However, there is a LR sign at the back of No4/PMG. Might have a small office there.

[typo56] 07/9/2019 20:32

cyan, personally I think that's not a high priority.

I'd like their explanation of what the £2.9m loan is really for.

Why has Parkmead just bought a farm on which there appears to be an unfinished substantial dwelling?

Will Parkmead be paying for the building to be completed?

If so, will this involve a related party company?

If so, why wasn't this mentioned in the RNS?

etc

[cyan] 07/9/2019 20:30

Typo ;You are going to have to produce some kind of chart with links to work out these tangled relationships.

[cyan] 07/9/2019 20:28

Perhaps a list of questions should be prepared.
I will start with an easy one

" What interest rate is being paid on the £3.6 million debt that matures in 4 years?"

[typo56] 07/9/2019 20:27

11_percent, that sign probably said "Altair" not "Aldair"

Altair Construction & Development Ltd is owned by Linda Cross and Kevan Smith. The same people who own(ed) Pitreadie Farm Ltd.

Altair have a £560k loan from Energy Management Associates Limited (Tom and Linda Cross) for which they have a charge on the company.

One imagines Altair Construction & Development Ltd will be able to continue with the construction under Parkmead ownership and financing. Hopefully the building costs won't escalate, but you know how costs can overrun.

[chutes01] 07/9/2019 20:25

Monitor the Aberdeen press and journal next week
This may see a suspension pending investigation

[cyan] 07/9/2019 20:19

"Why are we selling Tipperty, if we just bought it last year."

They are NOT selling; well not yet as far as I know lol

Its a historical page. Note "Brochure prepared MAY 2017"

-----------------------------------------------------------------------------

Everyone should remember this; there was a train coming down the tracks; that £3.6 million debt that matures in circa 4 years. PMG are now on the hook and you have been diluted

[typo56] 07/9/2019 20:08

Because we've just struck wind?

For those who didn't catch yesterday, the footings of our new building can be seen on Google Earth image taken 28th June 2018. The coordinates are:-

57° 0'24.48"N 2°30'33.62"W

[11_percent] 07/9/2019 20:07

Why are we selling Tipperty, if we just bought it last year.

[typo56] 07/9/2019 20:06

Savills Aberdeen
5 Queen's Terrace
Aberdeen AB10 1XL

The Parkmead Group Plc.
4 Queen's Terrace
Aberdeen AB10 1XL

[typo56] 07/9/2019 20:01

The sale on Tipperty completed last year. They've had 18 months to take it down. It gets taken down in last couple of days.

I think we can assume directors and/or NOMAD are monitoring this chat. I suggest you RNS an explanation on Monday.

[cyan] 07/9/2019 19:58

Well done Typo56. All historical mentions on other websites could not be removed.

Have to say Tipperty is Far superior to Pitreadie

[troy] 07/9/2019 19:56

You're right Typo !

The sales brochure for Tipperty has been conveniently removed from Savills website.

What are the chances of that !

All these coincidences I'm finding hard to believe. Tom'll be telling us that his wife has a tract of Scottish land suitable for renewables next.