posted
Possible breakout on closing above 30c, and prospect of China orders soon, plus June results (released early for first time ever - usually 30 Sept) after 31 March preview statement.
This co. has $32m forward orders, now profitable for first time, analysts say potential multi-year sales of $86m! (see latest $12.4m Keppel deal 31 Jan for what they now do - or www.patriotmh.com for out of date website, or www.gmeplc.com for parent). Parent believes in PMHH as they increased from 71% to 82% holding when PMHH was $2! - will be back there soon. (cancellation of Oct jv was reason for fall, plus naked shorts+placement for growing orders. But now 6 institutions have shareholding)
Get in early or wait till end-June time for confirmation - your choice. News is starting to seep out, but info hard to find on this one!
Posts: 318 | From: UK | Registered: Mar 2006
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posted
Keep your eyes on this one, and don't miss the coming rise.
PMHH has several orders coming through from Asia. I'd heard it will be this week w/c 17th April, but for readers here have said 'within fortnight' for safety (i.e. by end of April).
They are also exhibiting again on 1-4th May, and Mr Baer CFO will be reporting in June on company's value.
Wait for confirmation, ignore or get in now... Either way, it will be confirmed this co. is worth a lot more than 39c!! - probably more like $2.50. It's parent thinks $2 at least (the price it raised stake from 71% to 82%).
(ps search the BB for other info & links I've posted on PMHH, and of course check out the company and it's parent yourself - don't rely on my research)
Posts: 318 | From: UK | Registered: Mar 2006
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Also why 6 institutions got in early - as of pre Easter, now total 42% of the co.
Should be something Chinese coming within days to add to their +$30m forward order book & profitability.
Posts: 318 | From: UK | Registered: Mar 2006
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Closed spread and raised the offer - highest in 2.5 months. 29/34c
Unfortunately some people fell for the tree shake earlier.
This is not a time to be selling - believe me! (or if you don't, believe the institutions buying recently). There is already news - just a question of whether they choose to release this week or wait till early next.
ps this is not a Pump & dump stock - it is an established company with good management who have proved themselves over good & bad years, and who also have great connections. Once it starts to trend, it should keep going as the order book is full but rising due to a) demand b) complete lack of supply of rig engineers, equipment etc c) Plenty of cash with the oil majors (& governments)
I haven't bought today, but may do into the close.
Posts: 318 | From: UK | Registered: Mar 2006
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Oil is where it's at and is not going to go away - regardless what happens with Iran & Iraq.
We're not suddenly going to run our cars on ethanol - that's years away! Oil is here & now and needs to be secured. As oil rises, so do rig & engineering rates (which is why PMHH have gone from $4m end last year to analyst of estimated $12m sales to be announced end of June).
Oil stocks like this will soar when the market wakes up & realises PMHH value (which the new CFO Mr Baer will prove in a month or so)
Their latest deal is $12.4m with Keppel Fels - biggest rig builder in the world, but this won't come into effect till late 2007, early 2008. It simply shows how undervalued the company is and what is can achieve as this is a REPEAT order from Keppel. Other repeats include China Oilfield Services Ltd - see website for full details.
PMHH do oil rig equipment, also consultancy, project management, and have an intent to move to nuclear decommissioning & offshore wind once the margins get better (see www.smallcap.tv).
This is because both of these require specialist equipment, and offshore engineering skills which Patriot possess.
Posts: 318 | From: UK | Registered: Mar 2006
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posted
I didn't buy today-got caught up with my son at some friends near the close!
Hope to add tomorrow if they keep 33c on offer.
Really is very cheap for a $2 company making profits and getting big orders. Just cannot see a bear case to this stock at all - right industry, cash available, growing orders, big named & international clients.
I guess it just needs the market to see it and dig around a bit...which they will within the next 2 months if not before on deal news.
Posts: 318 | From: UK | Registered: Mar 2006
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Despite Royal Dutch Shell's record annual net profit of $23 billion, the highest ever for a listed British firm, the company was only able to replace roughly 75% of the oil it produced with new reserves last year.
In 2004 the replacement rate was even lower...under 50%.
ExxonMobil also broke corporate records in 2005. The company enjoyed the largest annual net profit of any American company ever last year, a mouth-watering $36 billion.
Nonetheless, according to the formula set by the SEC, Exxon only managed to replace 83% of the oil it pumped with new reserves.
Replacing previously produced crude with new reserves is the no doubt the most significant problem facing the world's petro-monsters.
Crude production from fields in the North Sea, the Gulf of Mexico and Alaska, which the big Western oil and gas companies have depended on since the 70s, are in rapid decline. And new discoveries are anemic at best.
As a result, these companies have had to scour each of the four corners of earth for new reserves, often coming up short.
As we know, the majority of the world's remaining oil supply is located in the Middle East. While these fields are officially stated as containing hundreds of billions of barrels of crude, western firms are essentially banned from exploration and development there due to restrictions set by state-run energy companies.
So instead western oil and gas companies have been forced to explore other far-off places like West Africa and the Caspian Sea. Not surprisingly however, this has proved to be a much bigger headache than exploiting the reserves that were closer to home.
Posts: 318 | From: UK | Registered: Mar 2006
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posted
I read on a website that this is a scam,so I will advise everone to avoid this stock.
Posts: 249 | From: NY | Registered: Mar 2006
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Today another 10.10% was purchased of GME/PMHH see below:
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
Posts: 318 | From: UK | Registered: Mar 2006
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At 19 April, Total 'Fixed' = 64.37% = 29,567,908 - B
Est 10 PI's £25k Invested (100,000 shares) 1,000,000 PI's 100 PI's £10k Invested (40,000 shares) 4,000,000 ------------------- ASSUMED 'OPEN INTEREST' BY PI ~11% 5,000,000 - C
So A-(B+C) = 10,218,822 shares left !! - Only 23% of the company
Now there are 7MM's - leaves 1,459,832 per MM for GME. PMHH stock is restricted to only 18% available after GME held 82% of PMHH last September.
Posts: 318 | From: UK | Registered: Mar 2006
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posted
Notice your the only one posting on this one, everyone else is skeptical at best!
-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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How can people NOT be interested in a tiny recently profitable oil stock with at least 8 institutions with 60%, a parent who thinks it's worth $2+, repeat orders with the world's biggest rig builder & others, sales going from $5 to $18m+ in one year, a rising forward order book of over $30M..., rising rig rates & oil heading to $75.
Where is the problem/sceptism with this stock coming from?
Think I'll stop posting till there's news. If haven't got message now, never will. Their loss.
Posts: 318 | From: UK | Registered: Mar 2006
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posted
Mabey its the fact thats its listed as a scam play, but ya i dno?
-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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posted
Yep, you could be right there. That was back in Jan, but Google search lists the scam emails unfortunately.
The order was/is genuine, so is the company. I met all three directors in UK including US Director Paul Findlay last year. Live only 20km from Leeds HQ.
There all a decent bunch, and have done well to turn company around, and get 8 institutions (9 if you include Goldman nominees) on board this year. Link above says £43M potential orders, with £16m firm!!
Both GME & PMHH are restricted stock with 67% & 83% now restricted respectively. GME is down to only 23M remaining. 7MM's mean should spike soon.
Maybe once people see the potential & earnings, minds will change. I'm still adding at this price on any dips.
Posts: 318 | From: UK | Registered: Mar 2006
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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.
Good weekend all Posts: 318 | From: UK | Registered: Mar 2006
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posted
MickeyG - all the action is in the UK, mate.
Here is a copy of end of hours and after hours TODAY - usually very quiet on a Friday - check it out yourself.
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.
Posts: 318 | From: UK | Registered: Mar 2006
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posted
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.
Posts: 318 | From: UK | Registered: Mar 2006
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posted
Jordan- I know it seems that way. It's really not at all. I work as a contract computer consultant, and like to day trade usually. I select a few -(last year only 5 I think) smallcaps.
My profit on stocks last year was only $21,000 - This was from average about $14,160 - I know it's not great and you guys will probably laugh at $14k, but I was working most of the year!
I'd be far too amateurish anyway -look at the evidence. Do promoters post so much ? - of course not.
I always post my sources, I always say the day I buy, and if pushed I'd probably share my position size too.
Always suggest people do own research and don't invest more than they can loose also on AIM/OTCbb not more than 15% of trading capital.
If you log on as a free user to www.ADVFN.com, and look for PMHH, you'll see my profile and probably what stocks I've bought too.
I've set up PMHH specially for US investors so you can make the link with GME and get the full history - when you do, you'll see why PMHH is worth the $2 the company it was when GME raised its stake to 82%.
Here's something from UK board in last 30 mins:
----- Possible Chestnuts...nope just checked L2, and there's even more!
These are trades & times after 4pm (as listed on L2- descending i.e. latest is first):
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
They may be late trades (as in late back from the pub!) -lol.
Usual dealing software (which is excellent) misses many of these - e.g 320k is nowehere to be seen and total vol is only 348k.
So that's another 1,182,000 gone
leaving, now let me see...9,036,822
= 1,290,975 shares per MM
i.e. just 20% of the co left (max - excludes non declared less than 3% holders)
Another 50k trade and we'll be under 8M!! - no wonder only 15k could be bought...
The problem from MM's perspective is this has been such a dog, that there's no one left to buy from now! not even many PI's.
The institutions will play hard ball so not sell, so MM's won't be able to buy stock and could get very short indeed!
If we get one more institution like Merrill's jumping on board with say 5% or UBS or Noble building so we go down to 5M mark, each MM will only have 700K odd!! - only 7 x 100,000 trades! or 70 x 10,000.
Now that's a real problem FOR THEM...
Posts: 318 | From: UK | Registered: Mar 2006
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