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PMG Parkmead Group (the) Plc

16.50
-0.75 (-4.35%)
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
  -0.75 -4.35% 16.50 16.00 17.00 17.00 16.50 17.00 400,953 15:43:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 14.77M -42.33M -0.3874 -0.43 18.03M
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 £18.03 million. Parkmead has a price to earnings ratio (PE ratio) of -0.43.

Parkmead Share Discussion Threads

Showing 12101 to 12122 of 14800 messages
Chat Pages: Latest  496  495  494  493  492  491  490  489  488  487  486  485  Older
DateSubjectAuthorDiscuss
26/9/2019
15:28
There's also the little matter of leasing the head office from Tom & Linda's company, Tilestamp Ltd. This started in 2011 at £35k (plus £12k rent to Energy Management Associates Limited). It is now &284k pa.

Aupec Ltd (Parkmead subsidiary) also pay Tilestamp Ltd £110k pa towards the same head office. Is this included in the £284k, or in addition to it?

It's a 10 year lease, which keeps getting reset. I suppose that ensures they'll always be several years liability to run off?

Tilestamp acquired the head office, Sovereign House, in 2009 off the Sovereign Oilfield Group for £1.575m.

Tilestamp has a £4.9m loan from Bank of Scotland (on which it has charges) and a £2m loan from Energy Management Associates Ltd.

typo56
26/9/2019
15:05
Looks like Robs & Co...and the other rampers from the boiler room have been employed by Polar to ramp the share price while they sell......very sad.
11_percent
26/9/2019
15:04
Typo56
26 Sep '19 - 15:09 - 9865 of 9878
0 0 0
cyan, you've overlooked the house. What's that about? How does that fit in with Parkmead's plans?

Has it been constructed by Linda's company, Altair Construction & Development Ltd? If so, are they still working on construction at Pitreadie Farm and being paid by Parkmead?

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

Yes.

11_percent
26/9/2019
15:01
I note that the latest shares re-purchased by the avatar ‘mallorca 9’ are already languishing underwater.
monte1
26/9/2019
15:00
Sp tanking....new lows...
11_percent
26/9/2019
14:59
Nick Rubens
25 Sep '19 - 11:29 - 9785 of 9862 0 2 0
Is there any way that shareholders can block the deal? The market in general isn't happy with it and many here don't like it, as I don't myself.

Why aren't the bigger shareholders showing some muscle, so to speak?

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

RNS this morning….deal confirmed…R30;..its a done deal……and yes, you were done.
Polar….one the “bigger shareholders” are doing something….they are off…….Joe The Toff…….off.
Total shares now: 108,574,829
New shares due to Farm deal: 9,645,669
Shares before deal: 98,929,160
There was a 10% dilution.
That is going to make the next ESP number bad.

11_percent
26/9/2019
14:57
Oh dear indeed !

Seriously. Knowing just what's in the public domain I'm happy to have sold (and I was a long time holder). It just looks like a big stitch up. There is no case for buying back in that I can see.

I'll await results and the annual report with interest though !

troy
26/9/2019
14:54
rob wrote

“EMAL have net assets of £7.6m, and after the £2.8m that was repaid to T&LC, T&LC still have a loan to the company of £3.6m - with no fixed repayment schedule and no interest payable - this seems to have been conveniently missed by the 'crew' working here. i.e. they have parked £3.6m of their cash in EMAL.”

“they have parked £3.6m of their cash in EMAL.”

So…?

Its not been forgotten about at all; I read the accounts. The fact that the Cross’s have even more cash tied up in EMAL makes no difference. Actually; looking at what happened to the £2.9 million facility provided by PMG and the cash the CROSS’s took out I would be concerned they do not try this again; another PMG soft loan so they can use release more of their tied up cash for elsewhere.

“T&LC have not pocketed any cash and their bank accounts are not bigger as a result of this deal. They have taken PMG shares in place of cash for the repayment of their loan. There's no magic involved in this - they've effectively bought a bundle more PMG shares (at 50p).”

Rob; its obvious; the Cross’s money was locked in EMAL; probably in real estate. By obtaining a soft loan from PMG , secured agaist EMALs real estate,they could USE your companies cash for another purpose. I believe it ultimately ended up being loaned to PITREADIE Farm Ltd to assist the purchase of TIPPERTY Farm.

“There's no magic involved in this - they've effectively bought a bundle more PMG shares (at 50p).”

You do not seem to understand what has happened here;

They couldn’t have obtained more shares without PMG shareholders help; join the dots; imo their acquisition of lots of PMG shares links back to that EMAL loan.

cyan
26/9/2019
14:53
Another 400k shares dumped today.

Hopefully this is teaching Cross a lesson … not to take his shareholders for granted.

mallorca 9
26/9/2019
14:38
I won't tell anybody.
fardels bear
26/9/2019
14:27
This could bottom @35p i reckon.
archie61
26/9/2019
14:22
Why Archie,

I got out when it broke down through 50p and I'm back in at 37p.

I have every concern and annoyance that I have stated above but I'm in this to make money and at £36m market cap this is now ridiculously low.

mallorca 9
26/9/2019
14:18
You naughty little shorter!
archie61
26/9/2019
14:14
mally, i respect your honesty, but seriously,you've just proved what a numpty you are.
archie61
26/9/2019
14:09
cyan, you've overlooked the house. What's that about? How does that fit in with Parkmead's plans?

Has it been constructed by Linda's company, Altair Construction & Development Ltd? If so, are they still working on construction at Pitreadie Farm and being paid by Parkmead?

typo56
26/9/2019
14:04
OK , I know that I'm going to get slated for this, and I mean EVERYTHING that I've said above and I am very concerned HOWEVER

I have just bought back in - not as many as before but a reasonable stake.

The risk reward is just too tempting with a Market Cap of only £36m. Ridiculous with £20m + in the bank and an asset value of circa £80.

Even if they are intending on taking this private, they would have to offer circa 50p per share … that being the share price when the Concert Party was announced.

I'll be slated but just want to fully disclose where I am.

mallorca 9
26/9/2019
14:03
Just a couple of points to counter some of your lies and misinformation guys...

Polar have been selling for some time, started last year. Nothing to do with this deal. They were down to 3.9% in April and as at a couple of weeks ago went to 2.98%. If they are still there (unlikely) they have less than 3m shares to sell. Maybe they are buying again.

The trading volume is minimal. The last 10 trading days averages 147K shares per day traded - that's roughly £60K per day.....wow! they're so lightly traded the price can be taken anywhere.

EMAL have net assets of £7.6m, and after the £2.8m that was repaid to T&LC, T&LC still have a loan to the company of £3.6m - with no fixed repayment schedule and no interest payable - this seems to have been conveniently missed by the 'crew' working here. i.e. they have parked £3.6m of their cash in EMAL.
EMAL has been used by them as a vehicle for many many years, with transactions between all their related companies, from Aupec to Tilestamp to Obsidian. I guess there are some tax advantages in it somewhere.

T&LC have not pocketed any cash and their bank accounts are not bigger as a result of this deal. They have taken PMG shares in place of cash for the repayment of their loan. There's no magic involved in this - they've effectively bought a bundle more PMG shares (at 50p).

And PMG have a new asset valued at £8.6m or thereabouts, which is what PMG shareholders have bought - partly funded by a £3.6m bank loan.
PMG still has a lot of cash.

robs12
26/9/2019
13:44
malli9,

It depends how long they are wiling wait to sell them...what period they sell over.

They can tell the broker to sell at, say 35p, and just sit there on the bid for as long as it takes.

On the other hand....they have told the broker to sell, get what you can for them.

Given recent share price action...it looks like they just want to sell......just get out.

11_percent
26/9/2019
13:37
Polar Capital have 4m shares to sell.
Could be stuck down here for a long time.

mallorca 9
26/9/2019
13:29
A high volume on the SELL side...….when 40p fell.....there is no support so it will be interesting to see where it stops.
11_percent
26/9/2019
13:26
OFFICIAL WARNING

Unrestrained ramppers operating on this BB.

11_percent
26/9/2019
13:13
Cyan,

you look to be well qualified to Contact the Nomad on our behalf.

Archie … no, I no longer hold (sold off 80k over a one week period) which is sad as I really believed in Tom Cross and this share for a number of years.

I took a hit selling but I have been very fortunate that I jumped into Inland Homes and that is doing well.

Looks like no one can answer my question above ?

mallorca 9
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