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
  +0.40p +0.71% 56.40p 411,031 16:35:01
Bid Price Offer Price High Price Low Price Open Price
55.60p 57.20p 58.40p 56.00p 56.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.1 -4.3 -5.0 - 55.80

Parkmead (PMG) Latest News

More Parkmead News
Parkmead Takeover Rumours

Parkmead (PMG) Share Charts

1 Year Parkmead Chart

1 Year Parkmead Chart

1 Month Parkmead Chart

1 Month Parkmead Chart

Intraday Parkmead Chart

Intraday Parkmead Chart

Parkmead (PMG) Discussions and Chat

Parkmead Forums and Chat

Date Time Title Posts
23/4/201814:31PMG, anyone heard of it??6,664
18/11/201710:51Independent tips Parkmead Group at 50p1,807
29/5/201618:06PC 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

Add a New Thread

Parkmead (PMG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:29:2755.85466260.26O
15:20:5355.811,357757.31O
15:12:3257.0025,00014,250.00O
14:49:2257.301,476845.75O
14:20:0058.60536314.10O
View all Parkmead trades in real-time

Parkmead (PMG) Top Chat Posts

DateSubject
23/4/2018
09:20
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 56p.
Parkmead has a 4 week average price of 39.90p and a 12 week average price of 35p.
The 1 year high share price is 60p 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 772,115 shares. The market capitalisation of Parkmead is £55,796,046.24.
17/4/2018
22:00
mirabeau: From LSE: Simon Thompson from 2 weeks ago: 1) - Investors are starting to warm to the investment case for Parkmead Group (PMG:41p), a small-cap oil and gas exploration and development company led by 19 per cent shareholder Tom Cross, the founder and former chief executive of Dana Petroleum. The share price has risen by 10 per cent since I included the shares in my 2018 Bargain Shares Portfolio, and recent developments only reinforce my positive stance. For starters, the company£s market capitalisation of £40.5m is still 38 per cent below IFRS net asset value (NAV) of £65.2m, even though Parkmead holds £24.4m in cash and has oil and gas interests spanning 26 exploration and production blocks in the North Sea. It also owns a £4.7m stake in Faroe Petroleum (FPM:121.5p), another oil explorer I am keen on. Indeed, Faroe£s share price gushed up 15 per cent after I published my article a fortnight ago (£Profit from corporate activity£, 26 Mar 2018) on news of stakebuilding by DNO ASA, the Norwegian oil and gas operator, and significant discoveries in both the Hades and Iris prospects in licence PL 644 B, located in the Norwegian Sea and in which Faroe has a 20 per cent equity interest. There could be more exploration upside as drilling on the Rungne (Faroe-operated), Cassidy and Pabow wells are all planned for later this year, offering catalysts to narrow Faroe£s share price gap to analysts£ risked NAV forecasts of 141p. Interestingly, DNO holds interests in 19 exploration licences offshore Norway and the UK, and is pursuing strategic investments and partnerships with established North Sea players. Last week, DNO snapped up a 27.3 per cent stake in Faroe at 125p a share, attracted by a combination of Faroe£s daily production, which averaged 14,300 barrels of oil equivalent (boe) last year, and the value of its stated 2P reserves of 97.7m boe and 2C resources of 78.6m boe. DNO£s interest in Faroe is clearly good news for the value of Parkmead£s shareholding in more ways than one. That£s because Parkmead has established a key position in the UK Central North Sea following a series of licensing round successes and strategic acquisitions. The company has interests in eight licences there, of which Faroe is invested in seven of them, including some in the Perth and Dolphin fields in the Moray Firth area, which contains very large oil fields including Piper, Claymore and Tartan. Perth and Dolphin are two substantial Upper Jurassic Claymore sandstone accumulations that have tested 32£-38£ API oil at production rates of up to 6,000 barrels of oil per day (bopd) per well. Perth and Dolphin fields Bearing this in mind, Parkmead has increased its interests in licences P218, P588 and P2154 in the Moray Firth, which contain the Perth and Dolphin fields, from 60.5 per cent to 100 per cent to boost its 2P reserves by 17.9m barrels of oil. The company also signed an agreement with Nexen Petroleum, a subsidiary of the China National Offshore Oil Corporation, to begin a detailed engineering study for the potential commercialisation of Perth and Dolphin by way of a sub-sea development tie-back via Nexen£s Scott platform that£s located 10km away. Interestingly, initial work indicates that the required modifications to Scott could be relatively limited, thus offering potential to significantly reduce capital expenditure to bring the project on stream as well as lowering operating costs. True, Parkmead£s Greater Perth Area (GPA) fields have high levels of sulphur, but so does the Buzzard field in the Outer Moray Firth where Nexen is operator and has a 42 per cent interest, so the company has experience of dealing with this issue. Moreover, Parkmead has also commissioned a new reservoir study that could potentially lead to a substantial increase in the recovery factor of oil volumes at the Perth field, which currently stand at 197m barrels of oil for core Perth and 498m barrels including the northern areas of the field. It goes without saying that the Perth and Dolphin fields are a valuable asset, representing around 60 per cent of Panmure Gordon£s valuation of all the fields in Parkmead£s portfolio. My take on the aforementioned developments is that they clearly improve the chance of the GPA fields being commercialised, a factor that£s not being reflected in Parkmead£s share price, which is half of Panmure Gordon£s risked NAV estimate of 85p a share. I would also highlight some positive news from the Diever West gas field in the Netherlands in which Parkmead holds a 7.5 per cent interest. The field came on stream in November 2015 and averaged 5,340 barrels of oil equivalent per day (boepd) in the first six months, and has been exceeding expectations since then. In fact, in February this year the field averaged 7,833 boepd and new dynamic monitoring suggests it has around 18.6m barrels of oil equivalent of gross gas-in-place, or 108bn cubic feet. That£s more than double the original estimate. In addition, Parkmead's low-cost onshore gas portfolio includes three other fields in the Netherlands that have an average operating cost of just $10 (£7.1) per barrel of oil equivalent. The profitable gas production from Diever West, and Parkmead's wider portfolio of gas fields in the Netherlands, provide important cash flow to reduce cash burn while the company makes progress with its licences in the North Sea, any one of which has potential to create substantial investment upside for shareholders. Buy. end
15/4/2018
16:32
mallorca 9: I've away's said on here that a market cap of £1b + is achievable here in the medium term once a timing plan is rolled out - compare to HUR ! That alone gives a share price approaching £10. I'll think we'll go through £1 fairly quickly - this year.
12/4/2018
20:29
andrewpbyles: Simon Thomson's article from earlier this week has been published in today's (or perhaps tomorrow's - I have the digital subscription) Investor's Chronicle. The article makes the following points: (i) The market capitalisation of £40.5 million is 38% below IFRS net asset value of £62.5 million, even though there is cash of £24.4 million, a stake in Faroe worth £4.6 million, and "oil and gas interests spanning 26 exploration and production blocks in the North Sea" (there's also over a £1 million in loans to Mr Cross, which are probably also almost as good as cash, but unmentioned); (ii) That DNO's recent interest in Faroe (it bought a 27.3% stake last week for 125p per share) could be good news for Parkmead in "more ways than one" due to Parkmead's "key position in the UK Central North Sea following a series of licensing round successes and strategic acquisitions" and DNO's pursuing of "strategic investments and partnerships with established North Sea players"; (iii) That the share price does not current reflect the chance of the Greater Perth Area fields being commercialised even though there have been some developments that "clearly improve the chance"; and (iv) That profits and cash flow to offset development costs are being generated from the low cost Netherlands portfolio, parts of which have exceeded expectations.
28/2/2018
11:07
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 .
08/2/2018
20:11
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 .
04/2/2018
14:30
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.
02/2/2018
09:52
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"
02/2/2018
09:10
glawsiain: Tipped in Simon Thompson's bargain shares 2018: hTtps://www.investorschronicle.co.uk/shares/2018/02/01/bargain-shares-for-2018/ "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"
01/9/2017
07:32
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?
11/8/2017
20:19
ziblot: hTtp://www.directorstalkinterviews.com/the-parkmead-group-plc-102-5-potential-upside-indicated-by-finncap/412733329? 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
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V: D:20180423 21:21:02