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There seems to be a number of posters on various sites linking PMG with CLNR ( Cluff Natural Resources ) Could the apparent manipulation of the s.p. have any connection? The lower the s.p. the more shares you get in any deal. Something definitely going on as the s.p. seems to fall a fraction of a penny or thereabouts every day.
I think just about everyone is losing patience Mary. I never anticipated that the s.p. would fall so low, in fact I even recommended PMG to family members some time ago based on T.C's track record. something I would never normally do. Having lost a shed load with Xcite I just hope something major will be announced shortly. I will continue to hold as I cannot believe with his personal stake in the company that things will be allowed to slide into oblivion. GLA ( and I mean that! )
This increased holding could be linked to the forthcoming announcement re Interferon Beta potential ( see RNS 06/09 ) Might be positive news.
In my post yesterday I stated that each 1p rise in the s.p.would mean a paper gain of 19 thousand pounds for T.C. That figure should actually be a staggering 190 thousand pounds!!! Too many noughts!
T.C. may have made a lot of money with Dana but with a holding of close to 19million shares each penny rise in the s.p. equates to a paper gain of nearly 19 thousand pounds. What better incentive can there be to ensure your company succeeds
Yes I am disappointed as everyone regarding the s.p. but Dana took 16 years (1994 - 2010 ) to reach its eventual selling price. So we are only seven years in to T.C's " accelerated Dana" mission in a radicaly different oil price and supply environment. Building up quality assets for the future at knock down prices must be a sensible strategy at the moment but the next deal must be of a company currently producing oil/gas to boost earnings and profitability. That should give the s.p. a nudge North.
Whatever your feelings are about the Company's progress and its share price ,just remember that the man in charge holds nigh on 19 million shares. I would suggest that he has more than a casual interest in the future success of Parkmead.
I was hoping for 300p never mind 30p!!
Yes Mary, we all need cheering up!!!
Mary, Judging from previous Y/E results they will not get published before Nov. What we need NOW is the acquisitionof a company that is producing oil/gas to boost our own productivity, earnings and profits. Certainly assets are being accumalated which bodes well for the future but Mr C, needs to pull off a mega deal soon to lift the s.p. to more respectable levels.
This company is being built on solid foundations. No " Quick Fix " here but an excellent medium/ long term investment. You just have to trust one of the best management teams in the business.
We may be building our assets up nicely but it will take a substantial increase in production and profit growth to make the s.p. climb. It will happen but not quite as quickly as we may have thought some time ago.
This company is being built on solid foundations. Each potential deal will be rigorously evaluated and every thing agreed will fit into the longer term plan If you want a quick fix go elsewhere. As spenfold says small regular rises build up over time and when a big deal is secured , the POO rises significantly or gas flows increase substantially then the s.p. could take off. I.M.H.O. in two or three years time this could prove to be a very rewarding investment.We have probably the most able and experienced management team in the smaller oilies arena.
If my maths is correct every 1p movement in the s.p. affects T.C's holding by a staggering £190,000!!! What bigger incentive do you need to grow the business? Something will happen and my feeling is that it will be a substantial deal. When, is another matter of course.
Maybe T.C. is a victim of his " cheeky bids " remark sometime ago. He may have tried and failed to secure deals. However he may have a transformational deal in the making. One way or another we certainly need some news !
Seems daft really unless of course they cannot wait for the payout .Some recent large sells must be because of this urgent need for the money. Just my guess !
Looks like a done deal to me.
Due sometime this week according to the Company. Let's hope for some positive news !
So you are responsible for the rise in the s.p. Thank you!
Something brewing for sure. This Company has at last got its act together and is winning sizeable orders, 60,000 insulin pump monitors for instance ( see Annual Report ) Bad news now behind us . I can only see much better times ahead. GLA BtB