The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Cheap as chips...... News gonna come fast and plentiful !
Sj999,
Yep I own shares but it does not make me blind to what is happening and, as said before, you don't need to love the driver to sit on the bus. Just because I own a share, that does not mean I will endlessly ramp it (unlike some on LSE). And let's be honest - nothing said on LSE affects the share price in any case. It's just a forum of opinions.
Having said that, PMG (and its management team) is what it is. It is revenue earning, cash rich (I think) and undervalued. The SP 'should' rise in recognition of this, and when it does we will all be happy. Until then, I will just keep questioning the many brazenly self-enriching actions taken by TC. After all, it's my money he is messing with. Were we all making profits we could forgive his indulgences as compensation for a job well done. Since he is making money and seemingly by his actions we are not, we cannot.
SJAB999 you’re right there, TC is no fool, it’s us who are the fools, put it this way, you have a classic car you have invested in, the value is at its peak, you don’t sell it, in the hope it keeps increasing in value, that maybe there is one person who may pay way over the odds for this particular car, then the market turns, and fast, the value has dropped a third, do keep holding the car or sell it? Watch it fall further? And hope it’s a glitch? Then it falls further again, now worth half its value originally at the peak! Do you sell it? Or are you now thinkingI know it’s worth more, the prices will bounce back again, then the values tumble back to where they were when you bought it, or lower! Now it’s not a sound investment anymore, greed fellas, greed,! The route of all evil! That’s what has happened here with TC, he will feather his own nest, let’s face it, you lot are sleeping partners, while you’re in bed he is working away on projects, why on earth would he care what you lot think?or even reward you? It’s his company, not yours, yes you’re shareholders, but only temporary ones, as you are all looking for a great exit price, TC knows this, he owes you lot Nada!
Yes TC is smart, anyway have a Great day guys!
Remember the classic car scenario, it’s no different to this share and what’s happened!
There have been some nice solid buys for those who can see potential . News soon .
Marty,
Do you actually own any PMG shares ?
Agreed the SP is disappointing and I've said before will say again the foundations are there and this will come good.
Tom Cross is no fool, a lack of information is frustrating but when there is news you and everyone else including myself will hear via RNS. (Soon). ?
Tyla,
Why hugely undervalued? Reasons include:
1. Lack of institutional ownership. Institutions that take a large part of a small coy like to have a degree of control - not possible with TC at the helm;
2. A perception of poor governance and a belief that PMG is simply Tom and Linda's piggybank. As indicated by:
- dubious loans to a RP coy for 'strategic information' from the same person who is head of the company. So what is he doing then in his role as head of the company?
- dubious 'strategic acquistions' from VERY related parties that includes completion of a luxury property now being paid for by shareholders. And did the above dubious loans form part of this transaction?;
3. So the main demand is from PIs, who have seen:
- no return on their investment after 10 years. No share appreciation, no SBBs, no dividends possible. The RP individuals with large holdings hardly care about the SP ATM given what they extract from the company though other means. Perhaps when they finally retire they will care;
- dilution (this is AIM, after all):
- a BOD that simply shows zero interest in shareholders. Half way down the first RNS page on LSE, the reader has already left 2019 behind!!!! And most of the non-standard RNSs are about related party transactions involving TC. The interests of shareholders are rarely, if ever, mentioned by the BOD in their bland 'progress continues to be excellent' statements.
So the share remains hugely undervalued. My take however is that the high 30's/40p is the bottom (famous last words) and that, as income improves and progress is made in the various projects, the market - which has a goldfish memory where money is concerned (especially on AIM) - will forget the above dodgy loans and acquisitions and absolute lack of concern for PI shareholders, and move the price higher. If not, well we are all f........
We need t sing the praises /create attention as to its assets value and know-how. This company is focused and has a plan .. It has t standout from the rest as it focuses also on sustainable and blue energy.
On paper, this feels one of the best and most undervalued stock to invest in. I only have a small amount in here now, 3k, but the mind boggles why it is not a lot higher. Lots of cash in bank, small debt, turnover growing every year, but undervalued, why? Most oil companies haven't even got any turnover and never have had.