Share Prophets

Wednesday 20 January 2021 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


I like Longboat Energy and the management but am struggling to see value at the current price

Published 190 days ago

Longboat Energy (LBE) is a company that I actually like and hope does well longer term but, having seen its share price double, I’m finding it hard to see where the value is up here and would be inclined to at least bank some profit...

UK Oil & Gas – Overpaid Lyin’ Steve Sanderson is even more deserving of the title!...

Published 218 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...

Notes from Underground - More fun with my favourite company, WeWork

Published 486 days ago

In yesterday's Bearcast, Tom talked about some of the outlandish claims in this article covering my favourite company, We Work. WeWork (actually known as the We Company) is attempting to IPO in the US. Let me highllight some of choice bits of the article that Tom didn't get into.

Following the money at Parkmead – I just cannot see how this is not another festering pus of an AIM scandal

Published 491 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.

August performance update: start of 2019 top shorted London-listed shares

Published 506 days ago

Early this year we showed the top shorted London-listed shares at the start of 2019. How's the performance at the end of August? (those in bold remain from 2018)...


Parkmead – So the Fabulous Pad (aka Farmhouse) is under construction!

Published 507 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.

Notes from Underground - The 25 Best Warren Buffett Quotes in One Infographic

Published 507 days ago

Sure, this column is merely about the 10 most read articles and listened-to Bearcasts, but when I can squeeze in something sexy, like Bitcoin or graphene or Frozen Concentrated Orange Juice futures, I get all the page views. This week, I have the big dogL Warren Buffett in graphic form. Look to me on top next week.

Tom Winnifrith Bearcast: My memories of Tom Cross of Parkmead from 1995 and why they are relevant - I think he's a chancer

Published 508 days ago

Therev are some advantages of being old. Folks like Gary Newman are young so know of Tom Cross only from the glory days of Dana. I remember him as a bit of a chancer in its early days. I discuss that and Parkmead (PMG). Then I look at IQE (IQE) and the bulletin board morons. Tonight I am off to see a whistleblower on one of my old foes and am promised a trove of documents and recordings. Watch this space.

Parkmead – I demand a full explanation of this stinking deal PDQ

Published 508 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.

Parkmead – Outrageous related party deal, the hard maths on why this stinks

Published 508 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.

Despite the related party transactions Parkmead Group is a BUY

Published 509 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.

Parkmead – Please Tom could you stop taking the piss?

Published 539 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.

Increased stake in GPA is good news for Parkmead Group: Long Term Buy

Published 1077 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.

Parkmead Group looks very cheap - buy

Published 1181 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.

Parkmead Group has the potential to succeed in the long term

Published 1277 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.

Cluff is a good speculative oil and gas exploration play

Published 1452 days ago

The last couple of years have been a torrid time for those holding shares in small oil and gas exploration companies in general, with very few exceptions.

How does the Market Value Undeveloped North Sea Reserves

Published 1950 days ago

This is a question close to my heart as in The Steam Oil Production Company we have a good few barrels of undeveloped reserves, so I do pay attention to how the AIM market seems to value undeveloped barrels in the ground, especially those in the UK & Ireland.

What's all this appraisal business then?

Published 2094 days ago

Everyone knows the oil and gas value chain, I have drawn it for countless investor and strategy presentations, from my days in short trousers in BP's Corporate Planning Department to yet another roadshow presentation for investors. Here is one I had prepared earlier, no need to draw the picture yet again.

Parkmead Group: Buy - Support Above 50 Day Moving Average Targets Towards 320p

Published 2549 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. 

Are Lochard Energy shareholders mad? The latest statement on the Parkmead Offer

Published 2784 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.

Buy Parkmead Group (PMG): 12TH Time Lucky At 12p?

Published 2797 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?

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