Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Are you attending again with your friend ?
AGM 21st next month
The better the asset the higher the tax rate imposed
At least shareholders can take cosy comfort in this, regardless that the tax man takes all the profit away
Buzz your quiet
Are you ok ?
Remember the Salvation Army at this sad time of year ?
"Taxation of £4.7 million and Dutch windfall taxation of £2.4 million"
"Due to aggressive taxation imposed by the Dutch Government on gas production during the period, the Group suffered a tax liability of £5.8 million partially offset by £1.1 million movement in deferred tax (2022: £4.7 million) plus an additional £2.4 million windfall tax liability. The imposition of this windfall tax reflects the high quality of the assets in the Netherlands and the strong operating margins achieved."
Is this good?
Good man Buzz
Hope all is well at this time for you
Keep loading bestie
Always ok mate, you?
Still loading up, whens the off?
Buzz
Are you ok mate
Just a yes ?
Best mate
Parkmead has a number of carefully selected opportunities across the UK and Dutch energy sectors, which it is actively working on to maximise returns. Additionally, the Group has a very significant pool of UK tax losses, which total in excess of £188 million. This tax position means Parkmead is exceptionally well placed in respect of making potential acquisitions, at a time when UK oil and gas taxation for larger producers is at such high levels. Our experienced management team will continue to maintain strict financial discipline across the Group's portfolio. Therefore, we are refocusing our offshore UK efforts on acquisitions and also on attractive projects such as Skerryvore, which are simpler and lower cost than GPA and so present clear opportunities to build increased value for shareholders.
Tom Cross
Buzz ?
Mate ?
How are you Buzz
In for a small trade, what
Keep warm
Bestie
Strange selling today, could of only bought at 13p to sell at 15p,I suppose 15% is better than in the banks for a weeks work.
Hopefully thats it and we continue to climb.....
Let the mfaaks mms take it down to 10p
Back to 18p
When where is agm
Parkmead has a number of carefully selected opportunities across the UK and Dutch energy sectors, which it is actively working on to maximise returns. Additionally, the Group has a very significant pool of UK tax losses, which total in excess of £188 million. This tax position means Parkmead is exceptionally well placed in respect of making potential acquisitions, at a time when UK oil and gas taxation for larger producers is at such high levels. Our experienced management team will continue to maintain strict financial discipline across the Group's portfolio. Therefore, we are refocusing our offshore UK efforts on acquisitions and also on attractive projects such as Skerryvore, which are simpler and lower cost than GPA and so present clear opportunities to build increased value for shareholders.
Tom Cross
You are all a long way from 60p but good luck.
I need to see some firm news before stepping back on board. Could be Skerryvore, UK tax or Net Zero policy change etc.
You cheeky trader you
Bestie x
Hahahaha …..order for the same shares in at 15.50
If it hits it hits……
Just having fun with a grand or two….core holding still in place.
Deal news due
A few like buzz flipping shares like a cheap burger van for Xmas cash
Add
Looks like just a little profit taking or cutting losses perhaps as investors are desperate for any crumb in the market. It's been a terrible few years and who knows what lies ahead still?
Not specific to PMG, but many listed companies (especially AIM) though main market not exempt, have shown themselves to be more interested in talking investors money selling them endless placings (including the awful forward sold loan notes stuff), rather than make a return on the existing share capital. It's a polite description of how investors get shafted and I've had a few.
Why does anyone want to invest, that even with good news
MMS let shares tank.
I will stick to the casino, better odds.
W
Davde
I've never seen a positive note from you on Parkmead ever.
Enjoy your weekend.
Shares in Parkmead Group, the Aberdeen energy firm run by entrepreneur Tom Cross, skyrocketed by more than a fifth after its latest annual results.
The soaring share price – the stock was up by 21% at 17.25p by market close – came despite the company posting losses.
Investor chat comments ranged from “a no news about anything announcement” and “more of the same” to “all on track, positive”.
One shareholder speculated the company’s stock was up after the UK Government raised its “strike” prices for future offshore wind energy contracts.
Others said the Alternative Investment Market-listed shares were undervalued.
Parkmead’s highlights of the year to June 30 included its first full year of revenue – worth £700,000 – from its Kempstone Hill wind farm in Aberdeenshire.
The company reported pre-tax losses of £35.3m for the year, compared with profits of nearly £4m in 2021-22.
Revenue rose to £14.8m in the latest period, from £12.1m previously.
It said its losses for 2022-23 were driven by £33m of exploration and evaluation asset write-offs and impairment charges totalling £13m.
Parkmead’s executive chairman said: “We remain committed to maximising the opportunities within the company’s oil and gas portfolio on our pathway towards energy transition.
“Parkmead continues to maintain a strong balance sheet which aids the pursuit of value-adding acquisitions.”
LDS-01 successfully encountered commercial gas volumes which were tied into production within just a few months. Back in April