Parkmead Share Price (PMG)

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	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.75p	-1.86%	39.50p	39.50p	41.00p	39.50p	39.50p	39.50p	38,317	08:02:40

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	10.4	-6.4	-6.8	-	39.08

Related Shares
Shell A (RDSA), BP (BP.), Senterra Egy (SEN), Mayan (MYN)

Parkmead (PMG) Latest News

Parkmead News

Date	Time	Source	Headline
10/5/2017	11:50	ALNC	Parkmead Banks On Track Record By Buying-Out Farne Extension Partner
10/5/2017	07:35	ALNCF	Alliance News Flash Headline
10/5/2017	07:00	UKREG	Parkmead Group (The) PLC Parkmead acquisition doubles its stake
04/4/2017	13:30	UKREG	Parkmead Group (The) PLC Holding(s) in Company
04/4/2017	13:16	ALNC	Parkmead Becomes Sole Owner Of Sanda North Sea Drilling Prospects
04/4/2017	07:01	UKREG	Parkmead Group (The) PLC Parkmead increases stake in West of Shetland area
29/3/2017	12:07	UKREG	Parkmead Group (The) PLC Second Price Monitoring Extn
29/3/2017	12:02	UKREG	Parkmead Group (The) PLC Price Monitoring Extension
24/3/2017	09:52	ALNC	Parkmead Narrows Loss In Half Amid "Challenging" Market Conditions
24/3/2017	07:00	UKREG	Parkmead Group (The) PLC Interim Results for period ended 31 December 2016

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Parkmead Takeover Rumours

Parkmead (PMG) Share Charts

1 Year Parkmead Chart

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Parkmead (PMG) Discussions and Chat

Parkmead Forums and Chat

Date	Time	Title	Posts
27/7/2017	14:35	PMG, anyone heard of it??	5,887
30/6/2017	17:00	Independent tips Parkmead Group at 50p	1,787
29/5/2016	18:06	PC MEDICS. A scary bet.	49
11/2/2015	20:41	Parkmead Group - An 'Accelerated Dana Petroleum'?	197
18/11/2011	10:46	* PMG - Tom Cross walks on water ! *	15

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Parkmead (PMG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
08:07:10	40.06	33,335	13,353.90	O
07:29:19	39.50	413	163.14	AT
07:29:07	39.50	413	163.14	O
07:02:40	39.50	2,156	851.62	AT
07:02:15	39.50	2,000	790.01	O

View all Parkmead trades in real-time

Parkmead (PMG) Top Chat Posts

Date	Subject
28/7/2017 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 40.25p. Parkmead has a 4 week average price of 38p and a 12 week average price of 38p. The 1 year high share price is 71p while the 1 year low share price is currently 38p. There are currently 98,929,160 shares in issue and the average daily traded volume is 107,108 shares. The market capitalisation of Parkmead is £39,077,018.20. Read Full Thread Reply
27/7/2017 14:35	fardels bear: Repost from MaryMullins on LSE regarding the Athena decommissioning - which is detailed in the 2016 company accounts. Should not be a surprise to anyone, clearly shown in accounts note 21 under decommissioning. PMG share is £10.4M. It is no secret that PMG wanted to redrill Athena but Ithaca went for the unsuccessful workover. PMG include Athena as part of the hub. If the decommissioning goes ahead it will be spread over 16 years but it is a future liability nontheless or a cheap future production well depending on your view. Read Full Thread Follow Reply
05/7/2017 13:18	tournesol: Fardels/Ed The story of an 1800 bagger is completely and absolutely untrue and I've debunked it in great detail on multiple occasions. Here's an explanation I posted long ago. "…"remember the irish woman who invested £400 in 1996 in Dana and receive a cheque for £720,000 from KNOC." This is completely untrue. She would have had to buy 40000 shares at 1p and sell them at 1800p The truth is that during 1996 the share price never fell below 7p so she couldn't have bought at 1p could she? The best she could have done with her £400 was 5700 shares at 7p. But its much worse than that - there was a 15:1 consolidation in July 2003. So the lady's 5700 old shares were exchanged for just 380 new shares. So when she sold to KNOC for £18/share she would have received not a spectacular £720000 but just a measly £6840 - less than 1% of the spurious figure that has been reported…." I believe the story was written by a journalist who did not understand the difference between the nominal value of a share at time of company formation and its current market price. Dana's shares were originally issued with a nominal/face value of 1p but they never traded at that price. The whole story is utter nonsense. I was in Dana from 1996 to the bitter end. I traded in and out at a couple of inflexion points and exited on a multiple of 25x which was jolly nice. Read Full Thread Follow Reply
02/6/2017 19:08	rogerlin: http://uk.advfn.com/stock-market/london/parkmead-PMG/share-news/Parkmead-Group-The-PLC-Interim-Results-for-period/74175151 dodgydd, the interim statement in March touches on some of your (very reasonable) questions but unfortunately many of them have as yet no answers, which is why perhaps the share price makes little progress. Read Full Thread Follow Reply
22/5/2017 08:44	nick rubens: Went up on a tip and is being sold down again. I'm surprised a share tip has more influence to move the shares than the company strategy at the moment. I suppose a share price is all speculation until such a time that profitability can be seen ahead. Seems to have bounced from early 40's quite aggressively on the chart, indicating that to be a very oversold area? So maybe the share price is about right for now. Read Full Thread Follow Reply
11/5/2017 09:36	nick rubens: Share price reacting ahead of Statoils drill which if successful will impact positively on PMG because of it's license area close by. Read Full Thread Follow Reply
19/3/2017 17:25	therealdeal5: No you're wrong, they have only just opened the data room, for all we know a deal could be being thrashed out at present, quite likely several trillion not billion TCF of gas, now that's a lot, remember TC is in Gas himself for the future, Oil is old news, Perth Lowlander won't happen anytime soon, so all you are left with is Holland, not much growth there, it will pay the bills and wages but it won't fund any drills that's for sure, he needs to issue more shares so more dilution is coming here, this is the worst down turn in oils history, TC knows this so is going to have to wait a lot longer than he expected, he won't be growing this faster than he did Dana, my fear as I said is he takes this company private, he owns a shed load already, so it would be in his best interest to privatise PMG! My money is on Cluff as you know, I am always correct, got out of here a long time ago as I had a feeling this was going to take a lot more than the small amount of gas this has as an income, and when Athena was struggling I knew TC had made a huge mistake there, he gambled and lost! I wanted to believe he would do it again, but I fear some people have fallen in love with this share, Ithaca? TC won't touch it, speak with Ryan Strougler about it he will tell you straight up, Ithaca carries too much debt already touched base with him a couple of years ago on this subject so you are on the back foot there fella! Not a lot happening here the fall in share price tells you that! Good luck anyway! 👌👌 Read Full Thread Follow Reply
27/2/2017 13:04	tournesol: Gargoyle your criticisms appear to be lacking in insight Cross funded PMG with his own money when otherwise it would have withered and died. He deserves his paycheck just for that. He is a cautious man, which is why he did not rush to spend money on distressed assets. He, like you and I, could not be sure that the bad times were over never to return. Had he spent the company's cash, and things had then gone bad you'd be criticising him for doing that. He is in for the long haul. At Dana the share price drifted sideways for ages on more than one occasion. But the company was steered through the doldrums to a very satisfactory destination - a 25 bagger in my own case. I expect PMG to be a repeat performance. As for openess and transparency PMG's website is surely a model insofar as it includes analysts' reports and research papers. I don't know any other company that does that. If you don't share my confidence and optimism then you should sell. Read Full Thread Follow Reply
05/1/2017 08:09	exmooroil: PMG holds 3.9m FPM shares currently worth ~ £4m. A sale wouldn't affect PMG's share price, but it might FPM's. FPM is 39.95% equity partner in P-D-L alongside PMG's 60.05%. These companies are joined at the hip. Why rock the boat by selling? Read Full Thread Follow Reply
28/7/2014 20:55	saucepan: Parkmead first came to my attention last Thursday when I received my copy of Shares Magazine with a special feature: Driller Thrillers: small oil and gas explorers set to make it big. The stock that stood out for me in the write-up was Parkmead, in particular because its Executive Chairman is a certain Thomas Cross - the person who made such a success of Dana Petroleum (a stock I followed from humble beginnings, but sold far too soon!) It is Tom Cross himself who has declared that he wants to make Parkmead 'an accelerated Dana Petroleum', hence the strapline to this thread. Over the weekend I have been doing some further research. One of the first things I discovered, and something I always like in a Company - is just how much useful information for investors is shared on the Company's website. It made the research part easy. I have posted a link to this research in the thread header. I don't want to reproduce the latest Shares Mag write-up here for copyright reasons, but I expect it will soon be up on the Parkmead website. The gist of the piece is to do with: * the share price currently being below the valuation of core assets * the expected growth to come * participation in North Sea Licensing rounds * Funds for further acquisitions * Parkmeads interests are in the North Sea and the Netherlands - so no political 'nasties'. * and, of course, the track record of the man himself - Tom Cross, reassuringly the largest shareholder: so his interests are also aligned with private investors. I normally prefer to buy stocks with established chart momentum and often involving breakout. I am the first to admit that currently the PMG share price is somewhat stagnant. However, I think that could change quickly with the next piece of positive news that could come at any time. PMG is a share I feel I would like to tuck away for the medium/long term - hence I thought I would open this thread and try to keep it up-to-date with significant developments as they occur. I have started stake building now. I hope to average up if things go as expected. I bought today at 218p. Read Full Thread Follow Reply
23/10/2010 12:50	robs12: Current situation is PMG hold 4,377,039 shares (2.51%) in Faroe Petroleum (FPM). That is worth just under £9m. Net cash at end 2009 was £3.2m, so lets say NAV is a nice round £12m. PMG has 603,635,898 shares in issue. So, based on NAV, that is just under 2p/share. With share price currently at 7p, market cap is ~£42m. That's approx 5p/share (or £30m, 75% of market cap) of 'value' for TC (who was already a director & major shareholder). So let's think about a rights issue... Dear Mr Shareholder, we're going to let you buy more shares if you want, at the bargain price of 4p. We want to raise £40m, so we'll let you buy 1.7 shares for each share that you own. Everyone piles in & takes up the wonderful offer. Net result is that the company now has assets of £9m (FPM) + £43m cash, and 1.6bn shares in issue (ignore any consolidation for now - 603.6mx(1+1.7) = 1.6bn). So NAV is £52m, split over 1.6bn shares is 3.25p/share. Assuming the share price after the rights holds up at 4p, the mkt cap would be £64m, so TC's new 'value' is £12m. Maybe that's fair, if you have a good belief that he can get a good return on that $43m cash. With the share price at 7p, mkt cap would be £112m, and TC's new 'value' would be ...err...£60m ...or twice what it is now. Not sure that that will work... Rights issue might happen, but the share price (both the offer price & the post offer SP) will need to be be a whole lot lower than it is now? Placing - if I was wanting in, I'd want it on terms that were based on NAV & perhaps a small premium for TC (& I imagine that normal terms would be at a discount to NAV, but don't really know, don't work in that world..). Small premium being perhaps 10%, 20% maybe? So maybe 2.5p/share tops? Lets throw the boat out & say he has some really good friends - 3p. Raise $40m at 3p is 1.2bn shares, so new shares in issue 1.8bn. Do the sums as above to work out what the share price might be.... So I'm afraid I can only see the share price coming down significantly from where it is now. Unless...FPM comes in in a big way. Of course, FPM drill results may change the backdrop somewhat. I don't have a stake in FPM, so don't know what good news might be worth to them, but say it could double...that obviously has an impact on all the above numbers, and would have a positive impact, but not THAT positive, assuming the PMG share price moved upwards in line to reflect the FPM holding? Could be that if FPM share price doubled, PMG NAV could hit 4p or thereabouts? Hence placing at 4p or thereabouts? I still can't justify the current share price (but very glad it got there). (As an aside, given timings & current lack of published AM results, I wonder if that change of backdrop may be sooner rather than later, and whether there is already a whisper to those that may need to know?! But that would be insider dealing of course, so couldn't happen...) But what do I know, apologies if any of the sums are terribly wrong, have enjoyed a couple of glasses of a very nice red already.. ;-))) Good luck to all. Read Full Thread Follow Reply

Parkmead share price data is direct from the London Stock Exchange

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