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Strange selling today, could of only bought at 13p to sell at 15p,I suppose 15% is better than in the banks for a weeks work.
Hopefully thats it and we continue to climb.....
Let the mfaaks mms take it down to 10p
Back to 18p
When where is agm
Parkmead has a number of carefully selected opportunities across the UK and Dutch energy sectors, which it is actively working on to maximise returns. Additionally, the Group has a very significant pool of UK tax losses, which total in excess of £188 million. This tax position means Parkmead is exceptionally well placed in respect of making potential acquisitions, at a time when UK oil and gas taxation for larger producers is at such high levels. Our experienced management team will continue to maintain strict financial discipline across the Group's portfolio. Therefore, we are refocusing our offshore UK efforts on acquisitions and also on attractive projects such as Skerryvore, which are simpler and lower cost than GPA and so present clear opportunities to build increased value for shareholders.
Tom Cross
You are all a long way from 60p but good luck.
I need to see some firm news before stepping back on board. Could be Skerryvore, UK tax or Net Zero policy change etc.
You cheeky trader you
Bestie x
Hahahaha …..order for the same shares in at 15.50
If it hits it hits……
Just having fun with a grand or two….core holding still in place.
Deal news due
A few like buzz flipping shares like a cheap burger van for Xmas cash
Add
Looks like just a little profit taking or cutting losses perhaps as investors are desperate for any crumb in the market. It's been a terrible few years and who knows what lies ahead still?
Not specific to PMG, but many listed companies (especially AIM) though main market not exempt, have shown themselves to be more interested in talking investors money selling them endless placings (including the awful forward sold loan notes stuff), rather than make a return on the existing share capital. It's a polite description of how investors get shafted and I've had a few.
Why does anyone want to invest, that even with good news
MMS let shares tank.
I will stick to the casino, better odds.
W
Davde
I've never seen a positive note from you on Parkmead ever.
Enjoy your weekend.
Shares in Parkmead Group, the Aberdeen energy firm run by entrepreneur Tom Cross, skyrocketed by more than a fifth after its latest annual results.
The soaring share price – the stock was up by 21% at 17.25p by market close – came despite the company posting losses.
Investor chat comments ranged from “a no news about anything announcement” and “more of the same” to “all on track, positive”.
One shareholder speculated the company’s stock was up after the UK Government raised its “strike” prices for future offshore wind energy contracts.
Others said the Alternative Investment Market-listed shares were undervalued.
Parkmead’s highlights of the year to June 30 included its first full year of revenue – worth £700,000 – from its Kempstone Hill wind farm in Aberdeenshire.
The company reported pre-tax losses of £35.3m for the year, compared with profits of nearly £4m in 2021-22.
Revenue rose to £14.8m in the latest period, from £12.1m previously.
It said its losses for 2022-23 were driven by £33m of exploration and evaluation asset write-offs and impairment charges totalling £13m.
Parkmead’s executive chairman said: “We remain committed to maximising the opportunities within the company’s oil and gas portfolio on our pathway towards energy transition.
“Parkmead continues to maintain a strong balance sheet which aids the pursuit of value-adding acquisitions.”
LDS-01 successfully encountered commercial gas volumes which were tied into production within just a few months. Back in April
Sotb as a LTH in PMG I can express a view, you may not like it but tell me why I cannot express it without being denigrated!
Dafte
You sound as desperate as Bob......So sad
Robs we did get a wee bit info re the gas developments but not earth shattering! We will need to wait and see what the new gas production is. I still live in hope it will be a significant boost to offset decline in main production field! Gamma was a surprise for me albeit small as had missed this previously! We could do with a pleasant surprise in the near term to support the SP as most of what was discussed is at least a couple of years off before additional revenue streams happen. The results were not to bad and had been forecast.
Bob
Pick your chin up......Tom has out smarted your detailed figures of nonsense !
Parkmead are on the move folks onwards and upwards.
You're quite correct Davde - the previous RNS stated "LDS-01 has very recently been brought into production and initial flowrates are higher than anticipated. A more detailed review of the good performance of the Dutch assets will be provided with the full results statement."
Where is the more detailed review - are they referring to the gross production figure reported across all 4 fields?
"LDS-01 was recently brought back onstream." IN RNS.
Robs......
Negative when we're going down and negative when we're going up...hahahaha
Tom can't win, sell up and go be negative somewhere else,I think this could be £1 next week and you'll still be moaning!!
Enjoy life, laugh,be happy, stop depressing everyone!!!
Net Zero Watch report that wind generators are set to receive a very big price increase.
Doyle172. They don't actually state that LDS-1 is now flowing. That is particularly conspicuous by it's absence?
We know it was tied into production facilities months ago, but has not been producing. Looks like it is still not - or surely they would have clearly said so?