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Parkmead Share Chat (PMG)



Share Price: 98.00Bid: 96.50Ask: 98.00Change: -1.00 (-1.01%)Faller - Parkmead
Spread: 1.50Spread as %: 1.55%Open: 95.25High: 98.00Low: 95.25Yesterday’s Close: 99.00



Share Discussion for Parkmead (PMG)


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danawinner
Posts: 1,494
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Price:271.00
View Thread (2)
RE: danawinner
18 Feb '14
Thanks for the clarification. Still very good news, as I'm sure we all agree. It is a massive vote of confidence for them to more than double their holding. IMO Fidelity tends to be a long-term investor and good solid investors such as them reduce the volatility of the share price.
Let us hope that we get some news soon about the other new Institutional Investors.
 
danawinner
Posts: 1,494
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Opinion:No Opinion
Price:272.75
BlackRock/ bricky fae Aberdeen.
18 Feb '14
BlackRock is a big outfit, managing $3,500 Billion worth of assets, approximately 6% of all tradeable assets in the world.
Holdings are very diverse, including direct investment in property, in which there is a portfolio of approx 200 Medical Centres. The average value of a medical centre is in the £3.5 to £4 million range, some being as large as £20 million.
The property boys don't invest in Oil shares, except their own money.
Property boys do diverse things ranging from being Partners of Knight Frank supervising new developments such as the Bon Accord Centre in Aberdeen for Land Securities when it's being built, and more mundane things like building ten houses on the surplus land in the garden,
It's an interesting business to be in. People like Dong need property boys to supervise construction contracts such as the £3 Billion being invested in offshore wind farms around the UK.
Hope that helps.
danawinner
Posts: 1,494
Off Topic
Opinion:No Opinion
Price:272.75
J P Morgan holding.
18 Feb '14
If you take the time to look at the RNS, J P Morgan now has 5,549,549 shares, which at the placing price of £2.55 would imply an investment of £14.15 million, approximately 35% of the entire placing.
This level of investment is a fantastic vote of confidence for TC and the team. I hope it makes the press.
My favourite restaurants in the City are Sweetings (excellent salmon and cucumber sandwiches) and The Jamaica Inn (The Jampot) very good for school type food.
danawinner
Posts: 1,494
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Opinion:No Opinion
Price:272.75
Mary - thank you.
18 Feb '14
Thanks for your lateral thinking and fresh vision on PMG Strategy,
It is entirely possible that Dana and PMG are keeping the powder dry on releasing the Pharos news until they have jointly maximised their position on ownership of Pharos and various other companies!
Have you tried Harrington's for pie mash and eels?. The best one used to be in the Wandsworth Road, but now you have to go to Tooting Broadway.
buzzlightyear4
Posts: 6,296
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Opinion:No Opinion
Price:272.75
2.90 finish....
18 Feb '14
Gla
danawinner
Posts: 1,494
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Opinion:No Opinion
Price:272.75
RNS J P MORGAN 6.34 %
18 Feb '14
A good bit of hews at 7.05 this morning.
MaryMullins
Posts: 312
Premium Chat Member
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Price:272.75
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RE: Mary
17 Feb '14
Just speculating as to what has been in the public domain since 2011. So old news.
BBC Scotland 4/09/ 2011

Faroe petroleum founder eyes London Stock Exchange

Mr Stewart said Faroe is growing by acquiring assets but was vulnerable to takeover
Continue reading the main story
Faroe shares climb after oil find
Faroe starts new drilling phase
Faroe to abandon Lagavulin well
Faroe Petroleum could move into the bigger league of the main London Stock Exchange within the next two years.

Chief executive Graham Stewart told BBC Radio Scotland that is his intention.

However, he is holding off until the company can enter the market in the mid-range, where it could be part of the FTSE 250.

The Aberdeen-based oil exploration company has been trading on the Alternative Investment Market in London since floating in 2003.

Mr Stewart, who founded Faroe Petroleum in 1998, said the firm is growing by acquiring assets, but conceded the company is vulnerable to takeover.

"That's always a concern - how far along the road can we get before that happens - but we hope we can go a long way further than we've got so far," he said.

Also speaking on the Business Scotland programme on BBC Radio Scotland, Alec Carstairs, an energy expert with Ernst and Young in Aberdeen, underlined that smaller oil and gas companies are vulnerable to takeover in the current market, following the takeover of Venture Production and Dana Petroleum in the past two years.

Continue reading the main story

Start Quote

We're drilling a portfolio, and by the nature of exploration, there will be more disappointments than successes”

Graham Stewart
Faroe Petroleum
He said share price volatility and difficulty with financing has added to the woes of smaller operators in particular, according to the consultancy firm's latest business barometer.

Mr Stewart said that Faroe's portfolio of assets - worth more than £100m, according to 2010 accounts - across UK, Norwegian and Faroes waters has not extended to bids for blocks west of Greenland, because the cost of insurance bonds are too high for a smaller driller.

The lead in Greenland is being taken by Edinburgh-based Cairn Energy, which has partners able to provide that reassurance to the local administration, and it faces criticism from environmental activists for taking risks in untested Arctic waters.

"It's an approach the Greenlandic ministry have taken to ensure that, should anything go wrong, those responsible are financially able to put it right," said Mr Stewart.

"They've introduced quite punitive financial burdens on anybody who comes in.

"That does restrict the number companies they may get, and unfortunately, at this stage, we're one of the companies that hasn't yet found a way to resolve that."

Surprise element
Speaking on Radio Scotland less than a fortnight after announcing very positive drilling news from the Fulla field, but only two
MaryMullins
Posts: 312
Premium Chat Member
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Price:272.75
View Thread (2)
RE: when will you takeover trap !
17 Feb '14
Will PMG takeover FPM that is the question? Asset swop with Dana for their stake in FPM and the deal is 25% done. Mind you I know slightly less than nothing about the oil industry.
shareguru
Posts: 1,468
Question
Opinion:No Opinion
Price:272.75
View Thread (2)
when will you takeover trap !
17 Feb '14
Thats the question ?
Ashes2009
Posts: 421
Off Topic
Opinion:No Opinion
Price:275.00
i've
17 Feb '14
Its Getting to be the last chance for people to get in before we start really taking off into the next level.....

its about time we starting moving back up, everything is falling nicely into place, the jigsaw is coming along nicely and by the end of the week i reckon a few more pieces will be in place





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