Thursday 27 July 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Parallel Media FY16 Results: The lesson in following BBs hits reality

By Nigel Somerville | Sunday 2 July 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I was pretty straight back in January  when calling the shares in AIM-listed Parallel Media (PAA) lower. Having headed north from about 16p, people were buying at 48p. With institutional investor Harwood bailing out a couple of days later the shares headed back to 24p (still jolly expensive in my view) but still the madness went on, peaking several time over 30p before the FY16 results were released on Friday. Then reality set in.

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