Share Name Share Symbol Market Type Share ISIN Share Description
Parkmead LSE:PMG London Ordinary Share GB00BGCYZL73 ORD 1.5P
  Price Change % Change Share Price Shares Traded Last Trade
  +2.30p +5.17% 46.80p 410,594 14:11:16
Bid Price Offer Price High Price Low Price Open Price
44.70p 46.90p 46.90p 44.60p 46.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.1 -4.3 -5.0 - 46.30

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Date Time Title Posts
21/3/201810:31PMG, anyone heard of it??6,528
18/11/201710:51Independent tips Parkmead Group at 50p1,807
29/5/201617:06PC MEDICS. A scary bet.49
11/2/201520:41Parkmead Group - An 'Accelerated Dana Petroleum'?197
18/11/201110:46*** PMG - Tom Cross walks on water ! ***15

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Parkmead Daily Update: Parkmead is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PMG. The last closing price for Parkmead was 44.50p.
Parkmead has a 4 week average price of 39p and a 12 week average price of 35p.
The 1 year high share price is 58p while the 1 year low share price is currently 31p.
There are currently 98,929,160 shares in issue and the average daily traded volume is 486,586 shares. The market capitalisation of Parkmead is £46,298,846.88.
mrnumpty: Commiserations to franco if s/he is sitting on a paper loss : if one bought in the autumn of 2010 , when the share price rocketed from 23.25p to £ 4.83.75 , there was huge money to be made . On the other hand , if one didn't sell in time , then the last few years have been pretty miserable . Surely we have all experienced such agony if we have been investing for any time , and at least franco isn't offensive ( not to us , at least ! ) . Anyway , although I know virtually nothing about charting , it looks to me as if the share price has just started to rise , so I have just made my third purchase of the last few weeks . I remember , when oil had slumped a couple of years ago , looking at the share price of Faroe Petroleum ( with whom , of course , Parkmead have links ) , which fell as low as about 50p and sitting on my hands , and regretting it . I suspect we may well see a similar share price rise here . There are dangers , of course , such as the fact that Tom Cross is so essential to the success of Parkmead ( sorry , franco ! ) , and the fact that oil is a multi-dimensional game with so many unpredictable geo-political factors involved . Anyway , I've put my money where my mouth is . All the best and do your own research .
francoismyname: Surely Tom due a bonus from getting the share price up from 39p to 40p on the back of a great RNS and a tip in a shares magazine. The man can do no wrong in my eyes.
francoismyname: You will need to raid the kids piggy banks to have as many shares as me. Share price would move north once this BOD move on
mrnumpty: Share price : As someone who did well from Tom Cross' days at Dana , I have continued to follow him . If I recall correctly , Parkmead was no more than a shell company before Tom Cross arrived in order to turn it into an oil and gas company . A quick glance at the admittedly unsophisticated 10-year share price graph on the Hargreaves Lansdown site shows that the price was 23.25p on 8/10/2010 ( approximately when Parkmead was a shell ) and that , after the announcement that Tom Cross et al had arrived , the price rocketed to £ 4.83.75 less than three months later , on 29/12/2010 . Obviously the price then entered its long , miserable decline to around 30-35p , before slightly improving to around 40p now . Thus , in the course of more than seven years , the price has only gone up from 23.25p to around 40p , and yet in the course of this time Tom Cross has transformed Parkmead from a shell into a solid oil and gas company from which real growth can be achieved . Obviously conditions are now different , with oil still only at about $ 60 , and fracking companies are much more of a concern . Nonetheless , I personally consider this a good time to buy , firstly because the share price graph shows that , whereas mad euphoria caused a meteoric ascent of the price in autumn 2010 ( even though this was based on not much more than Tom Cross' reputation ) , now , with Parkmead being a solid company , the share price is virtually on the floor . Secondly , though I am by no means a chartist , it is obvious that the share price is gradually waking from its slumbers and moving to the top-right . I made a small first purchase a couple of days ago and expect to acquire some more imminently . All the best , and do your own research .
tournesol: Franco If TC left then the share price would crater. Surely you can grasp that? And as for his salary, you have to see it in context of his actions and his provision of funding without which there would be no company. PMG is a speculative investment. It might fail and shareholders might lose all their money. That's perfectly clear to any reasonable person. Your comments suggest that you'd be much happier investing in a FTSE-100 tracker or similar vehicle rather than a small, speculative start-up trying to make its way in a notoriously volatile and high risk sector. All of us make mistakes as investors. We buy shares in the wrong company at the wrong time or things simply do not go according to plan. When that happens a good investor takes stock and decides whether to cut and run, stay put and hold fast, or push hard and buy more. None of those is guaranteed to succeed but all of them have their place in the armoury. In contrast, a bad investor blames other people - management, politicians, market makers, mysterious manipulators or other investors. When you find yourself doing this you need to give yourself a talking to and learn from your mistake. What you certainly don;t do is come on here and make yourself look silly.
mrnumpty: As someone who did very well when Dana was bought by the Koreans , after I had been a shareholder in Dana Petroleum for some years , and who remembers this as one of his earlier investment successes , I would like to join with those who are defending the good name of Tom Cross . Some time before the buy-out by the Koreans , when the market cap of Dana was already high , Tom Cross had the decency to talk for some time on the 'phone with me , even though I was only an inexperienced , fairly small private investor , who had only a few thousands of pounds invested . In my experience , there aren't many CEOs who do that . However , more importantly , I distinctly remember how Tom fought like a wounded animal in order to try to reject the Koreans' offer . An A4 booklet was sent out in hard copy to all investors and , perhaps strangely , I actually have it to hand . I received this document on 9/9/2010 and it is unambiguously titled " Reject the KNOC offer " , followed by the following text on the front page : " KNOC's inadequate Offer fails to recognise Dana's existing value and strategic position . This is a transformational growth period for Dana . Your Company is worth substantially more than 1800p per share . To reject this unsolicited and inadequate Offer , do nothing . Ignore all documents sent to you by KNOC or Bank of America Merrill Lynch . Do not complete any Form of Acceptance " . I could go on , but the extract above is indicative of the passion which is tangible throughout the booklet , and I think that the above will suffice to give the gist of it . I am one of those who thinks that Tom Cross could easily have walked away with his £ millions and played golf for the rest of his life , but he picked himself up and started again . I have previously been a shareholder in Parkmead , but sold a year or two ago . I had noted how the share price was languishing and my interest has been reignited by the unambiguously positive " buy " tip by Simon Thompson in yesterday's Investors' Chronicle ( 2/2/2018 ) although , with the price jumping by 6p / 17% on the day , I shall wait a few days before buying back in . Good luck all and do your own research .
glawsiain: Thanks Mall9! So, in summary, PMG are making a profit already (which should increase with inc of oil price); they are sitting on a large warchest; and have interests in many oil and gas fields which could report positive news at any time. Doesn't sound bad, does it? Any particular dates of significance in 2018? Here's the summary of the IC tip: "Positive newsflow on any one of these fields could easily fuel a substantial share price rally to narrow the huge gap to house broker Panmure Gordon’s risked tangible NAV of 72p a share. The brokerage’s unrisked NAV is almost 300p a share, highlighting the potential for significant longer-term upside. I also feel that investors have yet to cotton on to the fact that Parkmead reported a gross profit for the first time last year on the back of the strong performance of its Dutch gas operations. Net cash outflow from operating activities was just £400,000, a marked improvement on the previous financial year, enabling the company to retain a strong cash position. Importantly, the resurgent oil price – Brent Crude has risen by more than 50 per cent since last summer – makes the economics of oil exploration and development far more attractive, which is why there has been a sharp rerating in the three other small-cap oil and gas plays I follow closely: Chariot Oil & Gas (CHAR), Bowleven (BLVN) and Faroe Petroleum (FPM). To date, Parkmead has missed out on the sector rally, leaving its shares ripe for a rerating"
glawsiain: Tipped in Simon Thompson's bargain shares 2018: hTtps:// "It’s pretty rare for shares in a company to be priced on a 50 per cent discount to risked NAV when 85 per cent of the share price is backed by cash on the balance sheet, and liquid resources. However, that’s what’s on offer at Parkmead Group (PMG), a small-cap oil and gas exploration and development company led by 19 per cent shareholder Tom Cross"
ghhghh: CLNR has stated they must raise cash by YE and likely to be equity raise. Hence they look in a very weak position. Agreed might make them a distressed takeover target but I wouldn't buy the equity now. Would rather try to get in on the equity raise which is more likely. My broker says he's been told that current fall in PMG share price linked to concern over the Athena abandonment liability? Evidently been some mention of this on Twitter? This was my principle concern and PMG have been pretty cagey about exactly what has happened? They have written off most of Athena's valuation but still maintain significant value? I assume they still view Athena as having value if incorporated into Perth hub, assuming higher oil price of course. Maybe partners just want to write off now but this means crystallising abandonment liability?
ziblot: hTtp:// The Parkmead Group plc 102.5% Potential Upside Indicated by finnCap The Parkmead Group plc with EPIC/TICKER (LON:PMG) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at finnCap. The Parkmead Group plc are listed in the Oil & Gas sector within AIM. finnCap have set a target price of 81 GBX on its stock. This indicates the analyst now believes there is a potential upside of 102.5% from the opening price of 40 GBX. Over the last 30 and 90 trading days the company share price has increased 0.5 points and decreased 9.75 points respectively. The 52 week high for the share price is currently at 72.19 GBX while the 52 week low is 37.5 GBX. The Parkmead Group plc has a 50 day moving average of GBX and a 200 Day Moving Average share price is recorded at . There are currently 101,532,553 shares in issue with the average daily volume traded being 14,439. Market capitalisation for LON:PMG is £40,739,937 GBP.
Parkmead share price data is direct from the London Stock Exchange
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