The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Should hear early May coming from Parkmeads partner Orcadian Energy.
Ah I see what your saying you have shorted Parkmead......You sly old fox !
I’m waiting for the optimum selling price in order that I can offload this dog of a share . I will not , repeat not , be buying anymore .
Hi Roadster
Nice to read your nippy comments. You will never get a better buying opportunity.......and you know it !
SOTB ……well it certainly isn’t you….after all the ‘bum steers’ both you and your tag team chum Buzzlightyear have given us over the last decade or so . A little silence would be most appreciated.
Someone knows something !
Another £9.92 purchased today!
Sales of £1.60 this morning so far. Is this the deluge we have been waiting for?
There's no point in explaining if you can't read be bothered to Parkmeads website !
Where's the news that will make this soar🤔 ?????Beginning to think that 20p was a dead cat bounce.
Nice updated photo of Tom on the Parkmead website !
Still looks young for his age.........
Hey Buzz
Results out, what do you think buddy
100 MW wind 30 MW solar Dutch gas rates Skerryvore Fynn Beauly
Dodgy loans
Are you buying
Parkmead Group, a “major European renewable energy developer” is in talks over a proposed 100 megawatt (MW) wind farm near Banchory.
Discussions are “progressing” and the Aberdeen firm, led by multimillionaire entrepreneur Tom Cross, hope they will lead to a joint venture.
A 100MW wind farm could power an estimated 110,000 homes.
The land at the heart of the proposals is at Pitreadie on Royal Deeside.
Mr Cross’s wife, Linda, and a business partner sold Pitreadie Farm to Parkmead a few years ago in a deal worth £4.9 million.
The company also took on £3.6m-worth of bank debt.
At the time, Mr Cross said Pitreadie was ideal for the installation of wind turbines, solar panels and biomass production facilities.
In a first-half results statement yesterday, Parkmead confirmed potential for a solar farm at the site.
Meanwhile, the company is conducting a study on another site in Scotland with the potential for a 30MW solar farm. It did not reveal the location.
And it is “evaluating options” to ramp up electricity generation at its Kempstone Hill wind farm, near Stonehaven.
The three turbines at Kempstone were acquired just over two years ago from the family behind G & J Jack Seafoods, of Fraserburgh.
Alternative Investment Market-listed Parkmead paid nearly £3.3m.
The small wind farm generated revenue of £700,000 during the year to last June.
The company said: “At Pitreadie, commercial discussions continue to progress with a potential European joint venture partner to develop this area.
“Following positive results from initial studies, further environmental surveys are scheduled throughout 2024 to support the planning work required to unlock a major 100MW wind farm application on this site.”
Parkmead also has onshore and offshore oil and gas assets in the UK and Netherlands.
The company reported pre-tax profits of £911,000 for the six months to December 31 2023, compared with losses of nearly £5.2m a year earlier.
Mr Cross, executive chairman, said “excellent” production rates from onshore gasfields in the Netherlands put Parkmead back in the black, “setting a base for future success”.
But revenue sank to just over £3.4m in the latest period, from about £11.1m previously.
Parkmead said the plunge in sales reflected a sharp fall in average Dutch gas prices.
Here we go hahaha…..Scott has sold,now for the de ramping and attacks on TC…
I thought we had moved on from this,you’d become tolerable?…..
Don’t spoil it mate,good luck with whatever you do but please don’t become the old Scott that everyone had to block hahaha
Have an interest here with regard to Skerryvore, which has unfortunately gone to 2025, with a high probability of Labour both increasing EPL and negating any offsetting costs against tax. I wonder what all parties to the drill will consider after the autumn election.
Mr Cross has rolled the dice on this one ( three) looking for a trio of sixes. Not that it will harm his Lifestyle Company. I wish you all well and after so many years you deserve a reward -perhaps 20% of Skerryvore is a better gamble but 50% has its own allure.
Scoredagainsteps - last month was 435 boepd. Not everything's been reported this month yet, though LDS is looking good.
PMG produce no oil, only NL gas ...and they just sit on Vermilion's coattails in NL, so are not going to get to producing any oil for many years, if they ever get to drilling.
Tom cross has fkd this properly
Andrew smith only here to take shareholders cash
Sell
Correct ME PMG ARE ON 289 BOPD IF SO thats why pmg is what it is ... Forget all the 150 million reserves .We need it out the ground and flowing 10000 bopd .THEN PMG MKT CAPT could be 10 x more
Bobs a blether of trying to get the share price down......
Very sinster.
Thanks for sharing your thoughts on above Robs12. I'm a very long term holder that's pretty much given up any hope for this. Last AIM stock I will ever hold and as you may have said earlier this is no longer an investment but just a gamble. Always read your posts with interest hope you keep an interest and comments.
Bob ever the pessimist.......
We should be sitting at 30p on assets alone,50p on cash assets and income?
What are these market makers doing?…..holding the price down on everything on AIM,its a joke!!
NAV @ Dec 2023 = £27,1m
Dec 2022 = £70.3m
Dec 2021 = £80.5m
Dec 2020 = £86.8m
That may be of more interest than trying to gauge NAV against the shareprice....
NAV v share price interesting.
That's always been the case baa heid !