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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Parkmead Share Chat (PMG)



Share Price: 65.875Bid: 65.00Ask: 66.75Change: -0.125 (-0.19%)Faller - Parkmead
Spread: 1.75Spread as %: 2.69%Open: 65.875High: 65.875Low: 65.875Yesterday’s Close: 66.00


Share Discussion for Parkmead


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Beanup
Posts: 254
Off Topic
Opinion:No Opinion
Price:49.50
RE: RE Perth Licence
11 Aug '16
Thanks Mary for expanding. I was conjecturing on AP's 13% being an indicator if cash strapped AP let go for a nominal sum. Having just been burned on FPM with a rights issue, good to see you agree that its in the offing here going forward. GL and All
 
MaryMullins
Posts: 393
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:49.50
RE: Perth Licence
11 Aug '16
Hi Beanup, Most JV's are on a 70/30 split, that is 70% of partners interests must be agreed before expenditure. That is why PMG increased the stake in Davaar to 74% and why it bought ATL 50% stake in Polecat and Marten. Most of the JV's are involved PMG own more than 30% so they have control of expendiure.
ATL own 13% of Perth so they cannot control when it is developed and would forfeit their stake if they did not pay their development costs.
it looks to me anyway a rights issue is on the way.
GLA.
Beanup
Posts: 254
Observation
Opinion:Hold
Price:49.50
Perth Licence
11 Aug '16
Be interesting to see whether PMG or FPM aquire the 13% interest in the Perth licences that Atlantic Petroleum still hold. All very well acquiring these "hub" assets, but going forward it would require FPM taking on debt and a possible II rights issue for Parkmead. Perhaps we are playing the long game and waiting for Government tax relief !! I just can't see FPM in the near future being ready to play with what they have on going in Norway.

happy with my holding here and accumulation below 50p . GLA
thompson
Posts: 1,452
Off Topic
Opinion:No Opinion
Price:49.50
Nice purchase and clean with it
10 Aug '16
Further value-adding opportunities

Parkmead continues to analyse value-adding opportunities, including UK and Netherlands-based acquisitions, and is focused on strengthening its positions in core areas of the Group�s portfolio. Parkmead has maintained a strong and clean balance sheet.
Isengard7
Posts: 2,924
Off Topic
Opinion:No Opinion
Price:49.50
Polecat and Marten oil fields
10 Aug '16
Not entirely convinced on these oil fields where they have doubled their stake.

Surely no money to be made on these oil fields. POO doesn't look like its going to recover anytime soon.

I am surprised they didn't go for expanding the gas operations in and around Diever West. As that seems to be where the real money is to be made.
MaryMullins
Posts: 393
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:48.75
RE: How Much
10 Aug '16
Only, interesting that you mention I.O.G. now there is a company on a mission and I doubt it is only Skipper spudding driving the price. Impressive B.O.D..
MaryMullins
Posts: 393
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:48.75
Re. R.N.S.
10 Aug '16
As a holder of P.M.G. for a good few years my thoughts for what it is worth. I think we can all agree P.M.G. very rarely informs P.I.'s what is happening, so this announcement must be treated with suspicion. The Polecat and Marten stake was acquired from Atlantic Petroleum, a company in deep financial trouble ( my guess would be a token payment) which relieves Atlantic of any ongoing costs. A.I.M. regulations are so poor that P.M.G. can get away with not disclosing the sum paid as it is commercially sensitive information. P.M.G. increased its stake in Davaar ( again from ATL) but there was no R.N.S. for that, although to be fair it is tucked into the accounts.
So why release an R.N.S. which tells us very little that we did not already know? Two possible theories, perhaps P.M.G. is up to something and news is leaking into the market , so this is a red herring to explain the price increase. Alternately perhaps we are just about to get an open offer AKA FPM to shore up the balance sheet and fund an acquisition.
Nothing is ever staightforward with P.M.G. as Malcy alludes to in his blog this morning.
As always GLA to all long term holders.
Arbitrage
Posts: 971
Observation
Opinion:No Opinion
Price:47.00
PMG: Delivering on promises made:
10 Aug '16
Only
Posts: 2,329
Off Topic
Opinion:No Opinion
Price:47.00
RE: How Much
10 Aug '16
Interesting point. IOG did disclose exactly what it paid for the Vulcan acquisition and its previous acqns.

How much of PMG's cash went on buying 100%?
debeege
Posts: 1,728
Off Topic
Opinion:No Opinion
Price:47.00
View Thread (2)
How Much
10 Aug '16
How much did they pay?

Surely thats 'price sensitive' news they must divulge?

thanks in advance




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