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PMG Parkmead Group (the) Plc

13.25
0.75 (6.00%)
04 Nov 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
  0.75 6.00% 13.25 235,001 16:25:21
Bid Price Offer Price High Price Low Price Open Price
13.00 13.50 13.50 12.50 12.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 14.77M -42.33M -0.3874 -0.34 13.66M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:53 O 15,000 13.425 GBX

Parkmead (PMG) Latest News

Parkmead (PMG) Discussions and Chat

Parkmead Forums and Chat

Date Time Title Posts
31/10/202418:35PMG, anyone heard of it??12,532
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
16:25:5413.4315,0002,013.75O
16:25:1913.3520,0002,669.76O
16:22:2813.4716,2772,191.70O
16:06:5113.4125,0003,352.50O
15:59:0214.0035,0004,900.00O

Parkmead (PMG) Top Chat Posts

Top Posts
Posted at 04/10/2024 09:29 by robs12
July Production Figures:

LDS still shut in - that's no production from the great new hope since mid February.
Brakel still shut - since March 2023.
Diever down a little.
Geesbrug back on line and Grolloo down a little.

Net to PMG = 194 boepd.

Graphs:
Posted at 23/9/2024 13:16 by robs12
June's NL production figures released.

LDS still shut in (since February). Looks like Geesbrug was shut in during June, and Brakel still shut in since March last year.

Grolloo and Diever both down compared with last month.

Net to PMG was 164 boepd, the lowest it's ever been.

Graphs here:
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 30/7/2024 06:22 by ashkv
Board of Directors have failed PMG shareholders to further facilitate this dubious dealing....



Extension of Loan and Renewable Energies exclusivity

Parkmead, the independent energy group focused on growth through gas, oil and renewable energy projects, announces a twelvemonth extension to the interest-bearing loan to Energy Management Associates Limited ("EMAL"). The outstanding amount of the loan is £2.67m (the "Loan"), having been reduced from £2.90m following the repayment of £230,000, ahead of the expiry of the loan on 27 July 2024.

Through this loan facility, Parkmead continues to benefit from an exclusive first right over all renewable energy opportunities identified or held by EMAL. The Loan will continue to bear a fixed interest rate of 2.5 per cent per annum, payable to Parkmead. This exclusive arrangement has already benefitted Parkmead significantly. Firstly, through securing ownership of the Pitreadie Wind Farm opportunity and secondly, through the introduction to Parkmead of the opportunity to acquire 100% of the operational Kempstone Hill Wind Farm, which has been generating revenues for Parkmead since 2022. Further renewable energy opportunities are currently being evaluated through this arrangement in the areas of wind and solar energies.

The entry by the Company into the Loan extension with EMAL, in which Tom Cross is a director and shareholder, is a related party transaction for the purposes of Rule 13 of the AIM Rules. The independent Directors (being those other than Tom Cross), having consulted with Cavendish Capital Markets Limited, consider that such arrangements with EMAL are fair and reasonable insofar as the Company's shareholders are concerned.
Posted at 28/6/2024 13:19 by robs12
Whilst TC is off playing cricket in the caribbean at our expense, back in the real world of oil and gas, latest production figures look bleak.
Brakel still shut in - over a year now so I guess it's done and dusted.
Diever back on stream ...but LDS shut in during Feb/March/April.

Resulting in the lowest net PMG production since 2017 - at 194 boepd....

Graphs below:
Posted at 10/6/2024 18:46 by therealdeal5
Ha ha here we go again, well at least they didn’t go for Xcite energy, I would say PMG fit better with Delt, they may be doing a deal who knows? We are drilling shortly, it’s not game over, we have a free carry with shell, I did think is this The deal TC could be waiting for who knows? Good fit though for both companies!
Posted at 02/4/2024 17:35 by sonofthebull
Good share price move from Parkmeads partners Arcadian energy.
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
Posted at 21/7/2023 10:05 by mallorca 9
TC has played PMG investors as fools for years now.
Cleverly he always leaves one carrot dangling .. there have been a string of them ... now its Skerryvore.
Everyone of them has eventually become a huge impairment charge.
He seems to be collecting tax losses.

TC's main interest is not PMG ... its land and property.
For example ... the PMG headquarters building in Aberdeen is held under a separate TC owned company ... however PMG pays rent for that building to the separate TC company.
Thus that building is fully paid off by PMG shareholders for the benefit of TC who owns the building separately.

He's using PMG as a tax avoidance shell on his other interests ..and for steady cash from the nat gas ... much of which he pays to himself as salary.

PMG was formed circa 20 years ago .... turnover still only around £10m ...says it all really !
Parkmead share price data is direct from the London Stock Exchange