Last 142.50 GBp
Change Today -1.00 / -0.70%
Volume 46.4K
PMG On Other Exchanges
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As of 11:35 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

parkmead group plc/the (PMG) Snapshot

Open
140.00 GBp
Previous Close
143.50 GBp
Day High
146.75 GBp
Day Low
140.00 GBp
52 Week High
01/15/14 - 297.25 GBp
52 Week Low
12/15/14 - 122.00 GBp
Market Cap
125.0M
Average Volume 10 Days
221.3K
EPS TTM
0.02 GBp
Shares Outstanding
87.7M
EX-Date
--
P/E TM
64.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for PARKMEAD GROUP PLC/THE (PMG)

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parkmead group plc/the (PMG) Details

The Parkmead Group Plc, an independent oil and gas company, is engaged in the oil and gas exploration, development, and production activities. The company holds approximately 48 blocks under license; and 25.4 million barrels of 2P reserves, as well as produces approximately 1,000 barrels of oil equivalent per day in the United Kingdom, the Netherlands, and Southern North Sea. It also provides energy sector economics, valuation, and benchmarking advises on energy policies and fiscal matters; and undertakes economic evaluations, as well as provides benchmarking and training services. The company operates primarily in the Europe, North America, Africa, and internationally. The Parkmead Group Plc is headquartered in Aberdeen, United Kingdom.

parkmead group plc/the (PMG) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: 290.0K GBP
Finance Director, Secretary and Director
Total Annual Compensation: 39.9K GBP
Technical Director and Director
Total Annual Compensation: 96.4K GBP
Compensation as of Fiscal Year 2013.

parkmead group plc/the (PMG) Key Developments

The Parkmead Group plc Reports Preliminary Group and Company Earnings Results for the Year Ended June 30, 2014

The Parkmead Group Plc reported preliminary group and company earnings results for the year ended June 30, 2014. For the period, on consolidated basis, the company’s revenue was £24,656,000 against £4,070,000 a year ago. Operating profit was £2,058,000 against loss of £5,100,000 a year ago. Profit before tax was £1,037,000 against loss of £5,282,000 a year ago. Profit for the year attributable to the equity holders of the parent was £1,237,000 against loss of £5,585,000 a year ago. Diluted profit per share from continuing operations was 1.59 pence against loss of 10.13 pence a year ago. Net cash flow from operations was £6,711,000 against net cash used in operations was £4,698,000 a year ago. The increase in revenue was driven by new oil production from Parkmead's share of the Athena field, which is now 30%, acquired through the purchase of Lochard and the EWE Athena acquisition. The company moved into profit due to the significant increase in oil revenues, in addition to the gain on bargain purchase arising from the acquisition of Lochard. For the period, the company’s operating loss was £8,295,000 against £7,166,000 a year ago. Net cash flow used in operations from operating activities was £10,678,000 against £13,451,000 a year ago.

Parkmead Group Mulls Acquisitions

The Parkmead Group Plc (AIM:PMG) is looking for acquisitions. Charles Stanley, House Broker for The Parkmead Group Plc said, "Parkmead keeps a long-term perspective on crude oil prices and sees a subdued crude oil market as an opportunity to exploit its relative strength through opportunistic acquisitions."

The Parkmead Group Plc Receives Six New Licences in UK 28th Licensing Round

The Parkmead Group Plc announced that it has been awarded six new licences covering a total of nine offshore blocks in the UK 28th Licensing Round. These newly awarded licences are located in the Central and Southern North Sea areas and will all be operated by Parkmead. Three of the new licences significantly increase Parkmead's asset base around the Company's large Perth Dolphin Lowlander (PDL) oil hub development project. These awards, which include new exploration prospects as well as proven discoveries, follow on from Parkmead securing eight new licences covering a total of 30 offshore blocks in the UK 27th Licensing Round awards. The new licence awards take Parkmead's total number of oil and gas blocks across the UK and the Netherlands to 61, with 48 of these being operated by the Group. These new licences complement Parkmead's strong existing asset base of oil and gas production, new exploration prospects and the major PDL oil hub development. Parkmead has also applied for certain licences in the 28th Round within the Southern Gas Basin and West of Shetland region, where the Company already has significant operations.

 

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Valuation PMG Industry Range
Price/Earnings 81.7x
Price/Sales 4.5x
Price/Book 1.1x
Price/Cash Flow 92.4x
TEV/Sales 4.6x
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