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
  +0.00p +0.00% 54.00p 43,127 16:35:19
Bid Price Offer Price High Price Low Price Open Price
54.00p 55.80p 55.80p 54.00p 55.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.14 -4.30 -4.96 53.4

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Date Time Title Posts
18/10/201809:47PMG, anyone heard of it??7,489
16/8/201807:26Independent tips Parkmead Group at 50p1,808
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

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DateSubject
21/10/2018
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 54p.
Parkmead has a 4 week average price of 48p and a 12 week average price of 47p.
The 1 year high share price is 82p 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 121,903 shares. The market capitalisation of Parkmead is £53,421,746.40.
10/10/2018
18:58
tournesol: Guys have you not realised what's going on here? Tom Cross is just giving me a helping hand to win the share price forecast competition. You might remember that I went for 90p as the high water mark by year end. There was only one person who went for a lower figure than that and he subsequently changed his bet to something above 90p. So this means that if the price stays at 90 or less from here on, then I will win and will have to claim the prize so generously donated by the competition's philanthropic organiser. I think TC is just trying to help me along a bit. Once the year-end is passed he'll unleash the pent up newsflow and the price will soar. Hopefully. T
13/9/2018
09:19
luffness: "Just a reminder there was a late trade last night for 102k shares bought at 72p. As this is far and away above any price paid yesterday this should mean 99% of the time that the Share price moves north at the opening" Brilliant - do you do this for a living ? - I hope not..
13/9/2018
06:39
francoismyname: Just a reminder there was a late trade last night for 102k shares bought at 72p. As this is far and away above any price paid yesterday this should mean 99% of the time that the Share price moves north at the opening. Let’s see if it’s a fair and open market ...
12/9/2018
18:21
tournesol: Well that's woken us all up. Thought it might be worth posting a round-up on the high water mark sweep-stake. The bets are as follows:- Manrobert 70 Bountyhunter 80 Tournesol 90 Rickyvader 100 Blobby 110 sharedgain 120 Ziblot 130 pherber 130 jh420 140 robs12 150 chutes01 180 Mallorca 200 Zengas tba The winner is the person whose chosen figure is closest to the high water mark of the share price by year-end. The prize is as follows:- If the winning price is less than 90p then the winner will receive a bottle of wine, If the winning price is more than 90p then they will receive 6 bottles of wine. I used to teach wine tasting and now have a hobby sized wine business so we are talking decent stuff here. The Serena Williams clause states that: any winner who makes a post here which is deemed aggressive, rude, confrontational or anti-social between the start of the competition and the year end will be disqualified from receiving a prize which will then be awarded to whoever comes second. Is all of that clear?
29/7/2018
15:37
tournesol: And please do not forget that in the early days, when PMG needed cash to finance an acquisition of acreage containing a gas discovery, and when the banks were not eager to lend, Tom Cross lent them £8 million of his own money. His commitment to and engagement with PMG far exceeds normal boundaries. I agree that his remuneration looks high compared with historic profitability but without him there would be no PMG and shareholders would not be in line for significant future rewards. You need to look at the whole life cycle of the business. In 10 years time when the share price is umpteen pounds and we have all made squillions, then his wages will not look to have been at all excessive.
17/5/2018
15:02
mallorca 9: Tournesol,it's neigh impossible to value explo stocks.Much of the share price is based on sentiment.Take HUR ...no revenue at all and may even have to return to the market for more money and be delayed in its timing to first oil.CURRENT MC circa £750 M. Back to PMG with its CURRENT MC of only £60m.Once it's lays out its development timetable it will come into the HUR speculative category but with existing and growing revenue.A £1b MC is extremely modest for a producing oil Co, and with PMG my friend that modest MC represents a share price of £10.You stick to your models, I'll keep making money on the markets.
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
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 .
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?
Parkmead share price data is direct from the London Stock Exchange
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