Parkmead Share Discussion Threads

[chutes01] 07/11/2023 00:15

results out within few weeks
revenue 15 mio, write downs for perth and de-comm included

going forward, 3 turbines continue, dutch gas and condi rates higher, skerryvore to drill, additional renewable deal, tax losses wrapped up in N Sea oil deal
Cross has make a pigs ear of it all over the years, his personal wealth decimated here, he's had to jettison his pals from the board due to abject incompetence
Worth a punt at this level, surely he can't fk it up any more

[mallorca 9] 06/11/2023 11:17

They have Contracts for the renewables and gas sales ... giving secure and visible revenue.

[scarboro] 06/11/2023 11:09

wind is going to zero - the maths dont work - they need to sell anything to do with wind

[chutes01] 06/11/2023 10:44

we will see mally, ADD.

[mallorca 9] 06/11/2023 09:46

Finally , to add ....
they have made it very clear that they are going to utilize their tax losses by making an acquisition(s). I'm guessing this will be in 'renewables'.

[mallorca 9] 06/11/2023 09:34

If you look at the Strategic update of 19th June .... 2024 looks very promising.
Re the new gas production this year .... with gas prices being so low in the middle of the year it made sense to shut down and optimize future flown rates.
They have confirmed that flow rates are above expectations.
Once into 2024, Skerryvore becomes a big prospect.
So ..... with a current market cap of only 1 years revenue I see huge upside here.
Surely all the bad news is out .
Once again ....I'm taking a punt

[mallorca 9] 06/11/2023 08:42

Yes ....I understand that Harbour has withdrawn from the North Sea .... due to the ridiculous 75% windfall tax on North Sea profits.
The Chancellors Autumn Statement is later this month .... I will be watching closely to see if he removes / reduces this tax.
If he doesn't, then the Gov can award all the licences they want ... the oil producers won't bother drilling until the economics improve.

[sonofthebull] 04/11/2023 14:07

Harbour are out of town !

[chutes01] 04/11/2023 12:00

Harbour take control of skerryvore

[robs12] 04/11/2023 00:18

@callumross...I fully agree.
I did not mean monday morning would be interesting in a positive way for the share price....

[chutes01] 04/11/2023 00:15

Monday will be great

[callumross] 03/11/2023 23:09

What don't you guys understand about profit warning? FinnCap estimates for the year, published on PMG's own site, was for revenue of £19m. Now PMG announces after hours on a Friday afternoon that this will be £14.77m. That is a massive miss! As for the "positive developments" in renewables and oil and gas that is just sugaring the pill and will be the usual waffle because if these developments were material they would have had to announce them to the market. Chutes predicts the shares "should explode" on Monday morning. I confidently predict they will tank.

[robs12] 03/11/2023 21:45

Monday morning will be interesting... ;-)

[sonofthebull] 03/11/2023 20:59

Bob
Go do one.....Ever the pessimist.
Cross is on the move !

[chutes01] 03/11/2023 20:07

No
Dbl bottom on chart
12 m MC
Cross has done one on traders here
Dutch gas flowing
Renewables deal to be announced
O/G deal
A Friday afternoon bomb for shorters

[robs12] 03/11/2023 20:06

I don't recall them ever releasing a friday night RNS with good news.

Long time since they released a friday night RNS....if ever.

Very strange.

[callumross] 03/11/2023 19:08

"Should explode on Monday". You really aren't very bright Chutes01. This is a profit warning in disguise.

[sonofthebull] 03/11/2023 19:04

Parkmead looks forward to updating shareholders on a number of positive developments within the Group's renewable energy and oil and gas projects when the full year results are announced later this month.

[hatfullofsky] 03/11/2023 18:01

In my experience after hours RNS's are rarely positive

[hatfullofsky] 03/11/2023 17:55

In my experience after hours RNS's are rarely positive

[chutes01] 03/11/2023 17:41

He might not say much, but when he does its 5.15pm on a Friday
Should explode on Monday, windfarm acquisition, dutch gas rates higher, N Sea deal
Higher revenues.