Parkmead Share Discussion Threads

[chutes01] 16/12/2019 01:54

Not sure of the above, I am aware of private investors who lost thousands on SB's during the farm deal debacle with the 'wife' - stops triggered.

[gargoyle2] 16/12/2019 01:04

I heard last week from what i think is a reliable source (but I can't guarantee it's true) that Ryan the FD is in fact Tom's nephew. If so, that takes the term 'related party transactions' to another level. That relationship hasn't been disclosed as far as I can see -- and it may not be required to be legally -- but if it's true, it's another potential red flag here imo.

[scarboro] 15/12/2019 22:14

Meet up there? If anyone fancies a coffee afterwards

[chutes01] 15/12/2019 21:43

Yes, be there
I expect them to be severely grilled over the share price collapse around the farm deal, Inst's bailing and project delivery delays.
I'm looking for hard timelines on GPA, Skerryvore, visibility on future Dutch earnings
I would expect a bumpy ride for the Directors with some awkward Q's.

[scarboro] 15/12/2019 20:43

chutes01 are you going to the AGM - any others?

[fhmktg] 15/12/2019 14:22

I wonder if the election outcome might have been a factor in any announcement delay?

[chutes01] 14/12/2019 22:39

AGM this week, Thursday, will be interesting
Need to look them in the eyes about GPA progress, mmmm

[robs12] 01/12/2019 18:51

Polar were already selling well before the 'farm in' (;-)) deal.

[chutes01] 01/12/2019 12:48

JOG will bring the Buchan field back into production within 2 years, a new FPSO, the field was doing 5kbbls/day at COP, the vessel was goosed, the field is strong, rife with oil and some drilling and well workovers will prove extremely beneficial, could come online circa 25kbbls/day.
Something big is going on behind the scenes at PMG I'm told, there is a large buyer, so see if they resume this week.
I've always wondered if CNOOC will buy out GPA - They wont want a stake held by another, too messy for them.They may just take the Co. out.
Platypus will provide excellent income, Skerryvore is the dark horse, maybe Shell want it ?
I like the renewables string, the deal was messy and was enough for Polar to sell up, but if you look beyond how it was handled, it fits very well.
It's better to aquire land in a private name rather than an Oil Co. to appease neighbours who dont want turbines nearby - think about it.
GLA

[robs12] 01/12/2019 09:04

Don't forget there is also common ground with Athena (JOG & PMG)...wrote a long thread about a JOG/PMG tie up a few months ago.

[chutes01] 30/11/2019 19:16

JOG only have 20 Mio shares in issue, they would be attractive as an aquisition or JV

[chutes01] 30/11/2019 19:15

there might be something in this, I believe either PMG/JOG have approached PMO to fund a new well to their existing infrastructure
The N Sea landscape has now altered after 6/7 years of stagnation, things are happening and positions are quietly being taken

[yasrub] 30/11/2019 18:56

Probably not linked but interesting JOG had a late Friday move - there is common ground with Verbier, Polecat and Marten.

[chutes01] 30/11/2019 18:26

there is a large buyer building a position, so I expect to see this continue next week, so see if this contradicts any TA
Never seen such a compelling investment for a long time, the oil reserves are vast and I like the renewable addition, PMG being positioned to be bought out.

[tongostl] 30/11/2019 17:35

Now polar have sold up and cleared off I can't see there being many willing sellers left. Thus 50p will be cleared fairly easy. 60p+ by new years day imo. I know we seem to say this every year, but I really do belive the next 12 months could be gigantic for PMG.

[chutes01] 30/11/2019 17:15

cheers sky

[skyship] 30/11/2019 16:30

Yes that 70p run was a classic chart breakout from c56p - certainly one of my best trades this year. You've had a repetition; but I didn't fancy it 2nd time around.

The 50p line looks to be an important swing trade line. If I had followed you in I would now take the very welcome profit.

Patience required with GGP; but should be a very good spec for 2020. I see a Newcrest bid as the most likely outcome, so it would seem does Alastair Clayton of PRIM - we are in good company considering his knowledge of Havieron.

[chutes01] 30/11/2019 11:14

Hi sky
I’m not much of a chartist
Only seen the rise to 70p in April coming
I like to work on fundamentals and this was/is too cheap
Many didn’t like the farm deal but oil companies diversifying is where it’s hot right now
This is a mini Dana
GGP look good right now

[fhmktg] 29/11/2019 09:07

No announcements so far Chutes.....

[chutes01] 27/11/2019 15:30

the chart is ready to pop, pregnant with news ?

[busterposh2] 27/11/2019 15:22

It's about to pop... spread narrowing!!