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PMG Parkmead Group (the) Plc

17.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Parkmead Group (the) Plc LSE:PMG London Ordinary Share GB00BGCYZL73 ORD 1.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.25 16.00 18.00 - 0.00 07:31:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 14.77M -42.33M -0.3874 -0.45 18.85M
Parkmead Group (the) Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker PMG. The last closing price for Parkmead was 17.25p. Over the last year, Parkmead shares have traded in a share price range of 12.25p to 39.20p.

Parkmead currently has 109,266,931 shares in issue. The market capitalisation of Parkmead is £18.85 million. Parkmead has a price to earnings ratio (PE ratio) of -0.45.

Parkmead Share Discussion Threads

Showing 11801 to 11823 of 14775 messages
Chat Pages: Latest  483  482  481  480  479  478  477  476  475  474  473  472  Older
DateSubjectAuthorDiscuss
18/9/2019
18:02
Mr Bear......tut, tut...….
11_percent
18/9/2019
17:58
The 40p mark breached today.

Will be quick and decisive down to 30p

I’m having a look at 31p. Will get there no doubt...

francoismyname
18/9/2019
17:43
Good evening Mr Bear - you sound rather Cross.
monte1
18/9/2019
16:46
It's always possible it's the other way round. They identified the land as being good for windfarms and decided to purchase via Linda's companies, so as to not attract local attention until the deals were done. Rather unorthodox, but that's the 'creativity' of AIM.

I don't seriously think Pitreadie was about to be dissolved. They were a bit late with the accounts. The accounts that reveal Linda lent £2.6m to Pitreadie in the period Parkmead lent them £2.9m.

I'm struggling to justify the big house!

typo56
18/9/2019
16:29
Beware when a Concert Party is formed and legally announced (RNS) - it almost always means takeover.

The remaining shares that they need to launch a takeover and privatisation are getting cheaper by the day.

mallorca 9
18/9/2019
16:27
Thanks Typo,

so of all the possible sites in the UK for a windfarm , the most suitable just happened to be the one owned by Tom's wife from whom she was owed £4.3m, with the Co (Pitreadie Farm Ltd) about to be dissolved . It doesn't have planning permission or even an application for Wind Turbines , oh, and Tom & his wife are also building a new home on the land, which is being built by their builder, now Concert Party member Kevan Smith, who now also has 295k shares …… you just couldn't make it up.

How many years do you think that land will sit there before we see Wind Turbines ?!

Sorry but Tom is a self serving crook.

mallorca 9
18/9/2019
16:14
mallorca, I read the notification of a 'Concert Party' of over 26% as being to deter someone else attempting to make a bid, rather than to make a bid themselves. I think that may be why Linda took shares rather than cash for her £4.3m loan to Pitreadie (a good chunk of which seems to have been funded by Parkmead's £2.9m loan to EMAL).

Parkmead have mentioned land, property and renewables before. This from the last Annual Report

"Within our team of economists, engineers and geoscientists there is a deep reservoir of knowledge. They are identifying and evaluating a number of opportunities, including projects related to land, property and renewable energies, with a focus on those which are value-adding for the Group and offer financial/technical complementarity to our existing operations."

The Queen's Terrace head office lease at £284k pa through Tilestamp Ltd is declared in the Annual Report. I'd have thought related party transactions should be declared in the RNS results, but they're not. Aupec Ltd (Parkmead subsidiary) also pay £110k pa on Queen's Terrace. I'm not sure if this is included in the £284k or is in addition to it. Tilestamp acquired 4 Queen's Terrace (Sovereign House) in 2009 off the Sovereign Oilfield Group for £1.575m. The rental may be fair and reasonable, but who's going to be motivated to renegotiate it down?

typo56
18/9/2019
15:46
How’s tricks percent?
barnes4
18/9/2019
15:40
Fardels,

may take a few day's but I'm unwinding my position here and transferring these funds into Enquest.

Can't afford the risk of being completely shafted by TC.

Think carefully yourself.

mallorca 9
18/9/2019
15:24
I'm selling down in small qty's.
mallorca 9
18/9/2019
15:23
Tom has screwed shareholders here.
mallorca 9
18/9/2019
15:09
If I'm reading it right, over the years they've raised about £107m and now have an NAV of about £67m to show for it, meaning as at 29 March 2019 the retained deficit is over £40m.

The true loss of shareholder value is more like £67m, given the market cap is only £40m

Or am I wrong?

typo56
18/9/2019
12:21
In all honesty, PMG is a disaster.

Tom and Linda will take it private and make a fortune selling bits off.
If they had any ambition they would buy Dana out of Platypus.

mallorca 9
18/9/2019
12:16
It’s a no no on here to mention Athena

People don’t want to be reminded of the cash still required to mothball that site and Parkmead are on for a hefty rack. People see the cash in the BS and think it’s all Parkmeads. It’s not

francoismyname
18/9/2019
11:56
Athena was a disaster...…………...shhhhhh...don't mention Athena...
11_percent
18/9/2019
11:50
Erm ...I'm looking at the share price graph !
Polar Capital selling down their stake.
Informed by RNS that they have formed a 'Concert Party'

All is well !

mallorca 9
18/9/2019
11:32
mally,
you need to settle down, the farm deal isn't great in the fact he bailed out a family member, that aside, renewables is where it is now, Aberdeen is quickly becoming a global Energy centre, the perth field is a vast accumulation of crude, adjacent to Piper/Tartan/Claymore sands.
Cross wont take this on the cheap, there's no value left for shorters at this price.
All is well.

chutes01
18/9/2019
11:10
They have just formed a Concert Party.
It's pretty transparent to me that they will take this private and then attempt to sell off GPA , if not all O &G assets.

Parkmead was formed in 2000.
19 years later it's market cap is £40m !
It's only revenue after 19 years is a share of between 5% and 15% in 4 dutch onshore gas fields.

Athena was a disaster.

They haven't developed any North Sea licences.
How much is Tom paid to create shareholder value !

So much for the deal maker.

mallorca 9
18/9/2019
10:58
mallorca, just catching up on your recent posts.

To me a crook is someone who gets up to criminal activity. I see no reason to suggest or give the impression that any criminal activity has taken place.

There is always the question of conflict of interest when there are related party transactions. If possible, they're best avoided IMO. Sometimes they can genuinely be in the best interest of both sides, but there's always the suspicion that the transactions are tilted in favour of the related party, especially if they are not fully transparent to the shareholders.

I see this as a corporate governance issue and something the shareholders should try to resolve with the non-execs and NOMAD. Many investors and funds are put off if they see signs of poor corporate governance.

Given time some of this may blow over and they'll be some share price recovery. It would help a lot if the management were more open about what they are doing.

typo56
18/9/2019
10:31
Avatars locked into underwater positions don’t tend to advocate crystallising losses in the hope that they will be recovered.
This is one of the main reasons that retail punters lose money more often than not.

monte1
18/9/2019
10:27
mallorca 9
18 Sep '19 - 11:09 - 9574 of 9575
0 0 0
Taking out the TC premium it's hard to value this above £20m.

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

Would tend to disagree......the premium was there at 80p.....and the shorters/scammmmers have taken it out.

Has Tom lost control of the share price

Ok....think about this one......on one on here (BB) is saying SELL....apart from you (and the coloured gentleman)…230;…...the beat goes on.

11_percent
18/9/2019
10:11
11_percent

Nothing illegal perhaps but I say that he is a crook because he is supposed to be acting in the best interests of shareholders.

Tom Cross … what a self serving crook.

mallorca 9
18/9/2019
10:09
Taking out the TC premium it's hard to value this above £20m.
Don't forget that they acquired GPA for nothing. All the Scott tie back business is just designed to add value to it so they may be able to sell it on at profit.

Very disappointed but think that I have made up my mind.

mallorca 9
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