Still a whisper. Should be a contract or two within a coupla weeks from one of the worlds biggest exhibitons in Houston right now.
Rigzone.com for news on an industry about to go crazy...the next big thing? Oil services co's - particularly this one which equips, trains, provides consultancy & designs equipment - all in one package & is voluntarily reporting to show how well it is doing within 2 months. Audit is going on right now I understand.
Why? Demand, Demand, Demand for people, equipment, rigs etc AND soaring rig rates, & delays for much needed new rigs & repairs to old. That's why the forward order book for this company stands at $33.25m! - up from $19.25m last October, yet still rising due to business mainly from Singapore Office, Korea, China etc.
They don't need 2x the work to get 2x the profit due to rates which feed straight to bottom line. The industry is in such a boom, pre-funded govt orders should be the order of the day soon.
Jan $12.4m Keppel order puts them in a new gear as it's everything. They still have plenty of cash for more though, and big orders from China & Dalian shipyard will swell 2007 (& 2006 figures to be seen in just 10 weeks time!), not to mention other REPEAT orders within last year from China Oilfiede services, Petrobas, Pride International, Baker Marine & smaller unannounced deals...
[ April 11, 2006, 19:10: Message edited by: The Owl ]
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Kittykash - the filings are under GME the UK parent quoted on AIM.
The Public Relations & Investor Relations has been the problem, but the parent wanted to keep it that way so that institutions could get in early.
They lost a good IR/PR person last year who set up own business, but apparently she's renegotiating, and should be starting again in next couple of months. There were (so I understand) lots of brokers (figure I was given was 1000 - but that seems a bit high!) looking for PMHH to go over $3 so that Nasdaq listing was possible. It never quite made it and many of the early cash shell sold out, also because an expected jv didn't materialise - just ask if you want info on this), but the parent increased from 71% holding to 82% at the $2 price back in Sept 2005 (see RNS link below).
They still have 82% leaving only 18% to trade. Capgroup (original IR/PR) told me reason for the fall was a lot of naked short selling. They'll need to cover when we go back above $1.10 mark.
When Mr Baer reports v.soon he'll prove PMHH is worth AT LEAST $2, probably more like $3 or $4 on forward sales. The audit has started, however Mr Baer's report is not due till June - probably be timed for end of June as that's when the parent reports what will be excellent results.
GME has two subsidiary's - PMHH & NIM. PMHH is responsible for 95% of GME's sales.
If you want to see the Gartmore's 17%, UBS, Goldman (Nominee basis), and a few others who bought in recently on basis of PMHH, you'll need
I had an email only yesterday to say they'll be China orders 'very soon' - that should be days not weeks or months.
I know the CEO was in Korea recently too looking at 3 deals, but they've said nothing on those, so don't know how the visit went. Orders are not always reported due to confidentiality.
Best of luck. April to July is going to be great fun...if you're in it of course.
(ps if you want to see the March reseach notes let me know as I can let you have them - only one is on the web..the other is even better!....can even put you in touch with the analyst, but don't all shout at once as they're not supposed to talk to Private Investors such as you and I!)
(Pps Kitty - like the quote - thanks)
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Also when Invesco added a couple of months back, the parent GME was in the top ten of their Venture Capital Trust!! - can point you to the link.
How many smallcap co.s do you know with cash, said to be 'trading profitably' now (see Dec 2005), chairman with £1m (that's $1.75 million!) investment, 6 well known institutions on board, REPEAT (and it's repeats that make this business) oil rig orders with Keppel Fels...COSL in China etc.
Does this co. have a bad reputation? Make your own mind up.
In my humble opinion, it's one of the best stocks you could be in from a fundamental basis - just very neglected - it can happen
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The Owl will always say when he buys. I have bought once today.
It's starting to move. Still just a whisper, there's probably plenty of time between now and June if you want to wait for the 'meat of the move'
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Does sprl have 6 institutions including UBS with more than 3%, and the best with 17% bought this year? Has SPRL chairman invested $1.75m of his own money?
Does SPRL have recent analyst reports saying the company could get $86m potential multi year orders.
Is SPRL profitable for the first time across it's divisions and with a forward order book of $33m?
Is SPRL an established business with management who know the industry well and who all have shares in the company & options bought recently?
Does SPRL have naked shorts on the stock which will maybe dealt with soon?
Is SPRL about to announce China & Korean 'large' orders?
If answer to any or all of the above is YES, then SPRL is just as good possibly better than PMHH.
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The Parent Company UK GME held 71% at float, i.e. 71,000,000.
They increased to 82% in September (when PMHH was $2). The idea is they'd like to be a NASD co. so had lots of brokers looking out for them at $3. It didn't make it because of a jv which didn't take off, naked short sellers coming in, and shell buyers who sold early. Despite this, a fund was buying back end of December I hear.
This leaves restricted stock of only 18% which is great because the effect of naked shorts covering, and a load of buys piling in will make this rise very fast indeed.
Just need the deal news which is to come this week or next (I understand).
ps Despite the jv, the company has plenty of cash, a credit line with major UK bank RBS, and is now trading profitably with current forward orders of $32m rising to a potential $86m for 2008 if analysts are believed...
Sales have been upped for 2007. Mr Baer will 'prove' the financial health when he does his report in next two monthsw. Audit has started, and a firm will be retained so PMHH can 'report voluntarily' see RNS.
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7 Institutions now hold c59% with chairman 7% after his $1.77m investment this quarter. PMHH is the best subsidiary of GME, and is the reason for the action ...as we'll see when CFO reports financials end June.
Global Marine Energy PLC 19 April 2006
19 April 2006
Global Marine Energy plc ('the Company')
Notifiable Interest
The Company announces that it received notification on 18 April 2006 that on 12 April 2006 Schroder Investment Management Limited ('Schroder') had an interest in 4,525,000 ordinary shares of 2.5p each in the Company, representing 10.10% of the issued share capital of the Company.
These shares are held in unit trusts operated and managed by an affiliated company, Schroder Unit Trusts Limited (SUTL), and registered in the name of Chase Nominees Limited.
This represents the entire holding of Schroder in the issued share capital of the Company.
For further information please contact:
Philip Wood, Chairman, Global Marine Energy plc 01274 531 862
Adam Westcott, Noble & Company Limited 020 7763 2200
Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888
This information is provided by RNS The company news service from the London Stock Exchange
[ April 19, 2006, 14:39: Message edited by: The Owl ]
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NEWS RECEIVED LATE on 19 APRIL. Schroders 10.10% means 8 Institutions hold GME/PMHH stock!! = 60%!! -------------------------------------------- Copied from UK:
Guy's (& dolls), we're currently in a fabulous position after Schroders! - both PMHH & GME
GME own 82% of PMHH so only 18% available! GME raised stake when PMHH was $2 in Sept 05, so clearly this is what the parent thinks it's worth and who can blame them! The 8 institutions do too - which is why they own 60% (only 10% last year).
Results published early & CFO Mr Baer's June report will prove it plus Asian contracts expected within two weeks.
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May say I'm mad, but took profits in an Oil sands stock to build up PMHH!! Oil sands stock is now some 20c below where I sold. I expect profits in PMHH much sooner based on my info/research on PMH.
I wouldn't be in PMHH unless I was SURE it will rise - plenty of other places for profit.
How can I be sure? When you've done homework, and know you are trading with the Institutions! - that's how. 9 Institutions do not buy a risky AIM or OTCBB stock on some whim. They KNOW it's going up. PMHH IS GME.
They're also about to do some clever things with the OTC stock which will benefit holders - including of course the parent GME who hold 82%!
These are the reasons I'm here and not leaping into gas, ethanol etc. I usually buy the actual commodity if I want gas, oil etc.
My best trade this year was in Natural gas. £500 in my account before dinner. Half an hour later £1,900. I've been at this 3 years, and know the ropes now.
Doesn't of course mean I'm right - just that I take careful decisions on stocks. For me if you know PMHH and it's parent GME in the UK, you won't find a stock with as much backing, in an industry with as much demand, on either AIM or OTCBB.
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All sounds good for PMHH...but I am finding it hard to get info for DD. Ant site you can lead me to? Looks like it should run, but no one is looking at it.
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super low vol...have you looked at the chart?...maybe things are "in the works" for this co., but if you are looking at this for short-term?...careful. Maybe long-term ,if you dont mind letting it sit in your account...support is at.12 ...the vol scares me but thats just me...you have to wonder why this guy has so many posts on this stock,day after day...is he concerned about you making money?...dont jump in unless you know ALL the facts and pitfalls...imo
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I agree. The contracts will not be fullfilled until 2007 & 2008 as far I can see. I think this one will back up to a better buy. Thanks for the response.
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Chas, I agree do be careful on this - use a stop loss & scale in with a test first. My policy is to use a 3-way scale in (or add to winnings) but not 'cost average'.
You'll see I have a very good predigree in the UK - not always right of course but can be trusted.
Doing DD is very difficulty on PMHH in th US, hence you need access to UK AIM really. Also the reason why Paul Findlay CEO is getting his CFO Mr Kirk Baer to do some Financial DD for you/us very soon.
Here's my post from the other thread earlier today 21 April. I think something's happening as soon as Monday, but please don't take that as a hint DYOR on timing etc:
------ Still posting & still buying
Rang advisers & PR today over Schroders 10%.
Why have 10 blue-chip institutions bought 64% of a tiny stock which has profit targets in range £2m-£4m. Why did Schroders spend over £1m on stock after PMH/GME said sales would be a bit below & losses greater than expected?
Both very cagey! PR did talk about consolidation in industry though.
Halliburton is rumoured to be bidding for UK Abbott Group at £4.00 a share. Abbott could buy GME if bid is hostile.
Could this be a link? - dunno.
Stick with it _ i'm convinced after my conversation today something will be happening soon, and I now think before June. Anything happening in UK affecting PMHH I will of course post here so you know before the open. I have not added to PMHH in last 2 days, but did a 10% top-up on GME yesterday. PMHH probably Monday.
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Here is a copy of end of hours and after hours TODAY - usually very quiet on a Friday - check it out yourself on UK GME.
These are the posts afterwards:
stucom - 21 Apr'06 - 16:24 - 3087 of 3093
OK,WHO'S WANGED THAT 225K IN? LOL
Spectrum7 - 21 Apr'06 - 16:27 - 3088 of 3093
Wasnt me...........but i wish it was :-)
Thats a Broker paying the full offer price :-))
g_morrall - 21 Apr'06 - 16:35 - 3089 of 3093
Another Biggy Just gone through 250K at 24p
Whatever 'it' is wil be very soon. The spread has been 22.50-23.25p all week.
Each of those trades on its own is more than we've had in the whole of the last week!
What's more 24p is higher than market.
Where's the volume? - it's in the UK - that's where, but if what I think is happening is actually happening, PMHH will definitely be affected big time.
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GME - PMHH parent. These are trades & times after 4pm (as listed on L2- descending i.e. latest is first) - the trades showed after the close even though traded before:
16:11 10,000 23.75 O 16:03 320,000 23.92 O 16:03 37,500 23.92 O 16:02 25,000 23.00 O 16:02 257,500 24.00 O 16:53 50,000 23.00 T 16:34 257,500 24.00 X 16:20 225,000 23.96 B 13:37 9279 22.65 O
Make your own mind up, but this is very unusual. People are desperate to get in given end of day sell size was 100k, but you could only buy 15k.
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