The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 204 days ago
Parkmead (PMG) has entered into a related party loan with Energy Management Associates Limited (EMA) and in this note I take a look at how Parkmead has accounted for the loan. Suffice to say it is incorrectly and I shall be raising this with the FRC.Published 2035 days ago
We have written extensively on the various related party deals at Tom Cross fiefdom Parkmead (PMG) but belated companies house filings now allow us to follow the complete money trail and this stinks. I really cannot see how Nomad Arden can tolerate this unless, of course, it is morally bankrupt and only cares about getting another retainer.
Published 2083 days ago
Many AIM oilers just frustrate me with RNS announcements that either don’t need to be made or fail to disclose key information investors need to make sense of the investment case. The Parkmead Group (PMG) is at the opposite end of the spectrum. Ignoring price monitoring extension and holding RNS’s, we have had a grand total of 9 RNS’s in 18 months, 2 of which relate to loans to the Exec chairman’s wife’s company! That just bloody irritates me, but I hold.
Published 2052 days ago
I commented on Parkmead (PMG) last month and noted I saw real potential in the oil and gas assets, but expressed my displeasure in both the news flow and the related party loans to a company controlled by Linda Cross, the CEO’s wife. Gary Newman has already commented on today’s deal that see’s Parkmead buying a company largely owned by Linda Cross. It is a farm in Scotland! I view this deal as outrageous.
Published 736 days ago
Parkmead Group (PMG) has been a great example of why the past performance of directors and management in the oil sector isn’t always a good indicator of similar successes in the future.Published 202 days ago
There are some folks out there who think that I am a bit of a pedant. “It’s only a small breach of the rules, can’t TW@ see the bigger picture” goes out the refrain from the Bulletin Board savants before they start talking about working in a pizza store, stealing £100,000, trying to bring down great British companies, just being jealous, etc, etc. But rules are rules for a reason and I have been in touch with my good pals at the FRC, regarding the improper treatment of soft related party loans and breaches of IFRS 9 at Parkmead Group (PMG)Published 2052 days ago
I looked earlier at Fridays announcement about Parkmead (PMG) buying a farm in Scotland and questioned that deal as being apparent madness. Perhaps it is not – if shareholders want to own a share of a swanky c.12,000 square foot rural farmhouse, and of course a second farm south of Aberdeen. I have a few questions I think Parkmead need to answer PDQ on these matters.
Published 2053 days ago
I’ve always been a fan of Parkmead Group (PMG), but after the last couple of RNSs there have been for this company, I can’t help wondering if my faith in it to succeed may have been misplaced.
Published 4329 days ago
On 23rd May it was announced that Parkmead (PMG) was to buy Lochard Energy (LHD) in an all share deal worth c 4.9p per share. 41% of Lochard shareholders have agreed unconditionally but some – including the former CEO are trying to block the deal.
Published 205 days ago
With my abysmal marital track record I pass no judgment on anyone getting a divorce and generally if folks are splitting up it is none of my beeswax. However when one party is sitting on £2.9million of cash belonging to a PLC controlled by their other half that is an issue. I have been told by two parties that Tom Cross, the CEO of Parkmead (PMG), is getting a divorce.Published 565 days ago
Pete Brailey shared three big shorts at ShareStock. All three should be familiar to you and all three begin with P and claim to be oil companies.Published 2622 days ago
I can understand why longer term investors in Parkmead Group (PMG) may be somewhat unimpressed with the performance of the share price recently, but the company itself is continuing to make good progress. I hold shares in the company myself, and whilst the share price has generally been trading in the mid-30p to low-40p range, in spite of the strength that the oil price has been showing in recent months, I’m happy to remain invested and see how things unfold in the coming months and years.
Published 2725 days ago
Often the valuation of resource companies on the AIM market seems to revolve more around how popular they are amongst private investors, than having much to do with the progress that they have made, and how well they are likely to do in the future.
Published 2051 days ago
Having commented on the Parkmead (PMG) deal to buy a farming business here and here, I questioned if the replacement farmhouse at Pitreadie was being constructed. It would appear it is, as confirmed by Aberdeenshire Council in public domain information. Not only does it have an indoor swimming pool with a bar overlooking from a mezzanine level, it also has a snooker room and enough room in the kitchen / sitting room to have a secondary use for indoor football.
Published 4341 days ago
Clearly, it does not require too much imagination to work out that after finding support at 12p or just below over the past couple of years, shares of Parkmead may finally go up and stay up. But the problem is trying to work out what will be different this time in terms of the stock being able to find lasting support at the bottom of the range on this occasion versus the other eleven?
Published 1762 days ago
Having most enjoyed the time I spent reviewing the accounts of various UK onshore oil & gas listed companies at the weekend to review the rewards CEO Steve Sanderson receives from UK Oil & Gas (UKOG), I thought it was worth also looking how he compares to offshore UK operators. With those having a far more capital intensive and complex operating environment, one would have thought his costs would be far below the CEOs/Exec Chairs of such a comparator group... but that is not the conclusion I reached...
Published 2821 days ago
Usually it takes far longer for companies to move forwards operationally than the majority of investors expect, and it is at times when most people have become bored and moved on elsewhere, that opportunities can present themselves.
Published 736 days ago
Whether you believe or not I wish you a Happy Easter tomorrow. It is because of the death and resurrection of Jesus we all get a four day break. FACT. So Happy Easter. Then I explain why I would not touch Parkmead (PMG) with a bargebole - I speak as as a vindicated critic - then discuss gold and gold juniors and why, on this matter, I question the faith of Nigel Somerville.Published 203 days ago
Here are the most read articles and the most listened-to Bearcasts over the past seven days. The most read non-Tom article last week is Made Tech – new contract, what about profit as well as “revenue expectations”? by Steve Moore at number 1 or number 10 including Bearcasts.
Published 4093 days ago
Parkmead Group (PMG) is not only one of the better bullish prospects around in terms of the smaller companies zone, in terms of its daily chart we are also being provided with several lessons as to how the kind of extended rally being witnessed here actually gets off the ground.
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