Interesting to note that FPM volumes have been picking up over the last couple of weeks. PMG volumes did go through the 15 day rolling average today but some of these could definitely be classed as bed & ISA for this tax year. I would expect the same tomorrow and Monday for the new tax year. Hopefully this may be the catalyst to drive volumes upwards. If we do get any positive news in the next week it could be just fortunate or Parkmead advisers earning their money. Good Luck.
You are right about FPM. I held them for several years but eventually got frustrated with lack of financial progress. They were good on info as you say. They also are, in my opinion, undervalued although he big ($600 million) Cairn exploration failure in Greenland didn't help their prospects.
I am invested in PMG & FPM. I believe you have to accept with very low volumes and no news the price will just drift with the occasional tree shake. Where I think there is a difference is that FPM are much better at keeping investors informed with regular presentations and updates.I guess that is the penalty you have to endure with a deal maker at the helm of PMG. FPM have increased in share value of 13.5% in the last month and that will do for me with more good news to come. As far as Parkmead is concerned I believe when news comes of new debt finance we will move forward substantially.Frustrating I know but this is a medium to long term investment. My main concern is that come the 28th. April when SDRT is abolished this may become a day trade share. It is on the margin at the moment.
is beginning to behave like its associate, Faroe petroleum. All good news but the share price moves up and down in a narrow band without ever going anywhere. I guess this is a temporary situation but still a pain!
Free money: Based on our analysis, the acquisition of 20% of the Athena field from EWE has already paid for itself. Effectively, we estimate that from the beginning of November 2013 (the economic date of the transaction) to present, the field has already generated more cash flow than the $11.2 million notional consideration the company has agreed to pay for the asset upon completion.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.