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PMG Parkmead Group (the) Plc

19.00
-0.40 (-2.06%)
13 Dec 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 Shares Traded Last Trade
  -0.40 -2.06% 19.00 595,734 08:00:04
Bid Price Offer Price High Price Low Price Open Price
18.00 20.00 19.00 19.00 19.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 5.72M 4.94M 0.0452 4.20 21.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:06 O 5,657 18.00 GBX

Parkmead (PMG) Latest News (6)

Parkmead (PMG) Discussions and Chat

Parkmead Forums and Chat

Date Time Title Posts
12/12/202422:08PMG, anyone heard of it??12,576
15/11/202309:35PMG Doomed SOB just can’t see it! 58
01/10/202107:18Parkmead Group - An 'Accelerated Dana Petroleum'?220
16/8/201806:26Independent tips Parkmead Group at 50p1,808
29/5/201617:06PC MEDICS. A scary bet.49

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Parkmead (PMG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:25:0718.005,6571,018.26O
16:25:0718.00101.80O
16:25:0718.00162.88O
16:25:0718.00254.50O
16:25:0718.00295.22O

Parkmead (PMG) Top Chat Posts

Top Posts
Posted at 13/12/2024 08:20 by Parkmead Daily Update
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 19.40p.
Parkmead currently has 109,266,931 shares in issue. The market capitalisation of Parkmead is £20,760,717.
Parkmead has a price to earnings ratio (PE ratio) of 4.20.
This morning PMG shares opened at 19p
Posted at 12/12/2024 09:00 by mallorca 9
Nice cash for Tom.
Don't expect any growth though.
PMG is just his money cow.
Even their Head Office Building in Aberdeen is held under a separate Company .... charging rent to PMG.
I do not hold here ... but my advice would be , get out today.
Posted at 27/11/2024 19:45 by robs12
September's production figures are out - 182boepd net to PMG.

That's 32MMscf for the month net to PMG.

TTF was around €37/MWh avg in September, so in rough numbers that's a little over £300K revenue for the month, less operating costs.

DYOR and sums...and form your own conclusions.
Posted at 26/11/2024 19:14 by robs12
Well, I was wrong on the (no) profit prediction, but seems to be only due to accounting shenanigans and a tax credit, which I guess would be due to them predicting much higher revenue from NL.
Which clearly is not the case - I had to double take and reread that LDS-1 is done and dusted, that's a shocker.

Typical PMG smoke and mirrors stating that gross NL production is up. That is purely because LDS-01 was on line for a few months. Now it's dead. Net production to PMG is now the lowest it's ever been. Revenue down from £14.8m to £5.7m gives a much clearer picture of the situation.

Makes a change that they're actually announcing relinquishments and end of Grolloo production next year - in advance - most unlike typical PMG announcements!

Good that they're talking about selling off Skerryvore (and ??), that could raise a few pennies but likely not a lot - it's explo.

No progress on the windfarm (yawn) and nothing concrete on new NL activity for the foreseeable - entirely in Vermilion's hands, they've been talking about progressing Papekop for 10+ years.

The three windmills still don't quite cover TC's salary.

And I was wrong on the TC retirement too dammit..... But reading between the lines, they can see NL revenue is going to look awful in 6 months' time and years before a possible production increase, there's many years before any new wind farm will be generating revenue, so a sale (possibly the whole rather than just the offshore 'assets') is looking imminent to me.
Ho hum. Well done to anyone who was able to get a small flip today. I'm still holding my small free carry...to the end (maybe)!
Posted at 26/11/2024 09:02 by ashkv
Tax Credit was in lieu of increased outlay for tax payable based on assumptions of higher gas prices...

Moreover the 11.37p value of PMG liquid assets [Net Cash + Loan To Tom Cross] for me puts a floor on the share price - and a clear buy below this level ;)

11.37p - excluding producing Dutch assets and Non-Producing UK assets with Sizeable 2C reserves :)

Not to mention electricity via wind farm, land assets etc :)

Negligible decommissioning liabilities just north of GBP 1mn!!!

Net Cash & Loan Comp Share (GBP)-> 11.37p
Posted at 26/11/2024 08:57 by ashkv
Suit yourself M9 - I will be adding on any weakness given gas prices in H2 2024 will lead to excellent cash profits.

What were you expecting from PMG results? I was hoping for continual decent performance from Netherland Gas Assets, UK Windfarm Electricity Generation, Update on Monetization of UK offshore assets - and perhaps a repayment of Tom Cross Evergreened PMG Loan!!

Loan not paid back is my big negative though super happy that discussions are ongoing and likely announcement imminent on sale of UK offshore assets - Perhaps the buyer will purchase all of PMG :)
Posted at 26/11/2024 08:43 by ashkv
Ridiculous share price - it would be nice if the CEO repays the GBP 2.9mn evergreen loan :) Could give back to shareholders as a dividend :)



PMG Share Price-> 14.50p
PMG Current Share Price vs 52 Week low of 7.55p on 23 Sep 24-> 92.05%
PMG Current Share Price vs 52 Week High of 21.25p on 28 Dec 23-> 48.28%
TTF Gas Price-> 118.00
Shares Outstanding-> 109,266,931
Market Cap-GBP-> £15,843,705
Market Cap-USD-> $19,883,850
GBPUSD-> 1.255
Cash-GBP (30 June 24 - RNS 26 Nov 24)-> £9,486,000
Cash-USD-> $11,904,930
Debt-GBP-> £668,000
Debt-USD-> $838,340
Enterprise Value (EV) - USD $8,817,260
Production (Net) (FY Results 2024)-> 269.5
EV/Barrel-> $32,717
EV (Including Loan To CEO as Current Asset/Cash)/Barrel-> $19,045
Decommissioning-GBP (FY Results 2024)-> £1,269,000
Decommissioning-USD (FY Results 2024)-> $1,592,595
EV/Barrel Including Decommissioning Costs-> $9.0
Cash Component Share (GBP)-> 8.68p
Loan To CEO Tom Cross-> £2,936,000
Net Cash & Loan Comp Share (GBP)-> 11.37p
Posted at 25/11/2024 09:17 by mallorca 9
Well I see that natural gas is now surging in price with shortages forecast , COP 29 a disaster. Could PMG find themselves in a sweetspot with steady income from gas and wind, very low debt and cash at bank.
Skerryvore and the other oil prospects are really a free hit with the market cap at such a low level.

Just for my friend Fardels Bear i'll stick my neck out and predict a share price of 20p + this year.

Results out this week ... net profit forecast £1m + with net £8m cash at bank and £24m asset value, minimal debt, no outstanding impairment costs.
Posted at 20/9/2024 20:04 by therealdeal5
I think something is going on with PMG & Deltic behind the scenes, could be wrong but PMG have been tracking Delts share price of late!
Posted at 14/8/2024 09:16 by ashkv
I already have small exposure to PMG at levels 20% above today's 10.75p mult-year low

As of today's low trading below net cash + loan to CEO

No value for production and recent positive TTF gas pricing.


PMG Share Price-> 10.75p
PMG Current Share Price vs 52 Week low of 10.75p on 14 Aug 24-> 0.00%
PMG Current Share Price vs 52 Week High of 21.25p on 28 Dec 23-> -50.00%
TTF Gas Price-> 40.16
Shares Outstanding-> 109,266,931
Market Cap-GBP-> £11,746,195
Market Cap-USD-> $15,093,861
GBPUSD-> 1.285
Cash-GBP (31 Dec 23 - RNS 28 Mar 24)-> £9,200,000
Cash-USD-> $11,822,000
Debt-GBP-> £800,000
Debt-USD-> $1,028,000
Enterprise Value-USD $4,299,861
Production (Net) (6M Interim Results 2023)-> 289
EV/Barrel-> $14,878
EV (Including Loan To CEO as Current Asset/Cash)/Barrel-> $3,007
Decommissioning-GBP (6M Interim Results 2023)-> £1,590,000
Decommissioning-USD (6M Interim Results 2023)-> $2,043,150
EV/Barrel Including Decommissioning Costs-> $9.0
Cash Component Share (GBP)-> 8.42p
Loan To CEO Tom Cross-> £2,670,000
Net Cash & Loan Comp Share (GBP)-> 10.86p
Posted at 28/3/2024 10:29 by ashkv
The only real redemption for Parkmead is a sale /for its tax assets!!!

PMG is now partnered with Orcadian and would similar to Orcadian require equity raises to further Skerryvore should it not be able to attract a Farm-out partner.

PMG has Net Cash of around GBP 9.2 million at YE 2023 -> with actual available cash around GBP 5 to 6 million once other certain items are netted which is not enough to progress PMG's share of Skerryvore given where gas prices are!!!

Outright Sale, Equity Raise or a Farm-Out only viable options for PMG!!!

Otherwise it is more of the same. Lets see if the perpetual loan to oinky TC gets repaid in July 2024!!!

Sad state of affairs at PMG :(



Share Price: 17.00p
PMG Current Share Price vs 52 Week low of 12.25p on 6 Nov 23: 36.00%
PMG Current Share Price vs 52 Week High of 38p on 31 Mar 23: -55.26%
TTF Gas Price: 27.55
Shares Outstanding: 109,266,931
Market Cap-GBP: £18,575,378
Market Cap-USD: $23,404,977
GBPUSD: 1.26
Cash-GBP (31 Dec 23 - RNS 28 Mar 24) £9,200,000
Cash-USD: $11,592,000
Debt-GBP: £800,000
Debt-USD: $1,008,000
Enterprise Value-USD $12,820,977
Production (Net) (6M Interim Results 2023): 289
EV/Barrel: $44,363
Decommissioning-GBP: £1,590,000
Decommissioning-USD: $2,003,400
EV/Barrel Including Decommissioning Costs: $51,295
Parkmead share price data is direct from the London Stock Exchange

Parkmead Frequently Asked Questions (FAQ)

What is the current Parkmead share price?
The current share price of Parkmead is 19p.
How many Parkmead shares are in issue?
Parkmead has 109,266,931 shares in issue.
What is the market cap of Parkmead?
The market capitalisation of Parkmead is GBP 21.20 M.
What is the 1 year trading range for Parkmead share price?
Parkmead has traded in the range of 7.75p to 24.50p during the past year.
What is the PE ratio of Parkmead?
The price to earnings ratio of Parkmead is 4.20.
What is the cash to sales ratio of Parkmead?
The cash to sales ratio of Parkmead is 3.63.
What is the reporting currency for Parkmead?
Parkmead reports financial results in GBP.
What is the latest annual turnover for Parkmead?
The latest annual turnover of Parkmead is GBP 5.72M.
What is the latest annual profit for Parkmead?
The latest annual profit of Parkmead is GBP 4.94M.
What is the registered address of Parkmead?
The registered address for Parkmead is 20 FARRINGDON STREET, 8TH FLOOR, LONDON, EC4A 4AB.
What is the Parkmead website address?
The website address for Parkmead is www.parkmeadgroup.com.
Which industry sector does Parkmead operate in?
Parkmead operates in the MANAGEMENT CONSULTING SVCS sector.

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