Oil is near a record. Iraq & Iran may both be unavailable to provide oil.
PMHH supplies the biggest rig builder in the world - Keppel Fels. Recently won $12.4m repeat order...
Has sales due to rise to $35M with potential multi-year orders of over $80m due to high rig rates.
Worth a look, as they have connections woth China, Mexico, UK, N America & elsewhere.
Forget ethanol! Small Oil companies will soon soar as demand exceeds supply, and rig rates go crazy...
Posted by GVMOORE on :
Agree 150%. You have a star. GL
Posted by The Owl on :
Thanks - 8 others agree too - all buys.
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 ]
Posted by clbgroove on :
What am i missing here???
Do they have a really bad reputation due to the R/S last year or what??
All looks very good for this company and yet its very low.
Any thoughts
Posted by kittykash on :
oh wow! I was just going to ask that! Thank clbroove
Posted by kittykash on :
wow, some company but I can't find any filings from them.
Posted by The Owl on :
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)
Posted by The Owl on :
clbgroove
'...do they have a bad reputation...'
Not at all!!! Just investor sentiment (which I should say is picking up)
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
Posted by The Owl on :
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'
Posted by The Owl on :
Oil closing at $69.40! PMHH should reflect the price next week as rig rates can only go one way - UP
Posted by The Owl on :
Oil now hogh for the week - $69.60!
Posted by The Owl on :
One for Monday - spread started to shorten then widen towards end of day. has gone 18/30 to close 26/39. After hours 18/55!
Posted by The Owl on :
One for Monday - spread started to shorten then widen towards end of day. has gone 18/30 to close 26/39. After hours 18/55!
Closed at 2 month high, and breakout is a possibility if we see volume.
This stock has traded over 200 in a day before now.
Posted by amanick on :
what makes this any better then say sprl ?
Posted by The Owl on :
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.
Posted by The Owl on :
Keep it on your watch list.
April to June should be very exciting. December interims will also be fabulous as there's carried forward sales to come.
Posted by The Owl on :
MM's want stock. Offer raised - best for 2.5 months. Still at 2 month high.
Posted by armyofda12monkeys on :
hmm looks good. put it on my watchlist
Posted by armyofda12monkeys on :
whats the accurate OS, float, auth shares currently (after RS)?
Posted by The Owl on :
Total PMHH shares 100,000,000
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.
Posted by The Owl on :
Schroders announced today buy of 10.10% See RNS below. Now 7 institutions in GME/PMHH
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 ]
Posted by The Owl on :
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.
Ethanol, Petrol, Gas... Isn't it time to take profits ? Time to put those profits in smthg else ? Just one call: look at FNIX
GLTAF
Posted by The Owl on :
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.
Posted by cm3i on :
Hey Owl
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.
cm3i
Posted by jordanreed on :
careful
Posted by cm3i on :
Careful.....expand on that please. careful about what i said or the stock?
Posted by jordanreed on :
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
Posted by cm3i on :
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.
Posted by The Owl on :
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.
Good weekend all Posted by The Owl on :
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.
Posted by The Owl on :
No volume at all today because no one knows what's coming next week...what fun.
Posted by The Owl on :
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.
Posted by The Owl on :
We'll you've had the benefit of an Owl's wisdom.
This is my last post for a bit. I'm sitting tight on my position.
Very good news is to come shortly for those prepared to do their research on GME & PMHH. It may be as soon as next week.
I'll leave someone else to start a new thread, or you can follow the amazing story on www.advfn.com
DYOR - best of luck all. Bye for now.
Posted by The Owl on :
Lots of people in UK think there's a takeover on the way...
DYOR on this, but it would certainly make sense right now.
Posted by Foxhound on :
The owl what is the one you purchased? I believe it is GME but am not 100% certain.
If so I think I will definiatly go in on some of this stuff because it really does look good.
Cheers! -Fox
Posted by Foxhound on :
Ah I'm sorry I figured out that isn't the stock.
The Owl what stock did you buy? I am not certain. I have searched PMHH and it may be correct?
Not sure.
-Fox
Posted by The Owl on :
Fox
No, it's GME on the UK stock exchange GME.L should do it for you. If not, try www.gmeplc.com. It's not a good website, but will give you the links.
Only c20% of Global Marine Energy (GME) left! Now 60% held by 10 or 11 institutions with 27M shares since start of 2006.
GME Stock hit 25p today - 8% up today (67% above low for year).
Breakout happens above 30p. Orders are to be announced, and might be something bigger watching late Friday action, so could happen within days - at which point PMHH will be an even bigger discount to it's parent. People will cotton on soon enough.
When it happens, judging from comments here, looks like I'll be the only one to notice.
Hope this helps - best of luck.
Posted by jordanreed on :
zero vol.... zero in two days!!!
Posted by daytrader1 on :
owl..have you ever tried to call/contat PMHH? can you provide us with info on what they had to say as to why they dont have a single PR while in january, they had a series of them? also, did they say they arre going to release any in the recent future?
Thanks
Posted by The Owl on :
Daytrader1
Yes, I have the answers to your questions and have emailed PMH several times about this towards the end of last year & early this. They are fixing the situation.
Their agency was Capital Group (see www.capitalgc.com). You can email the President as I did for info on why the share dropped and whether PMH have anyone now. I'm pretty sure they don't.
I wasn't expecting a response, but he did email me to explain the situation wrt naked shorts and IR etc. Give it a go.
They had an excellent PR/IR rep called Kelly Granite who unfortunately left to set up her own business. She is in discussions (so I understand)with a view to doing IR for Patriot again - this time privately. This should be in next couple of months.
One of the reasons the PR/IR hasn't been sorted out is GME (The parent) own 82% of the stock. They will shortly (possibly already!) know what PMHH is worth from the work by Mr Baer CFO & external firm.
They want the stock low so they might be able to buy more!, and also so they can do what they want when it comes to a takeover/merger situation. Strangely enough, the lower the better as if GME use their stock to swap for PMHH, both stocks reduce in number - so has same effect as a share buy-back. This will help particularly GME to rise, so you can see the IR question is an interesting one!
If you want to know more, why not email michael.padley*bankside.com? He is the UK IR/PR and they're trying to integrate both. He will respond if you email or phone him on:
Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888
Or if you want, email the Broker
Adam Westcott, Noble & Company Limited 020 7763 2200
All these guys are very helpful & 'normal' people, though obviously they cannot divulge non-public info. They are regulated by AIM rules, and if you have any complaints (which you won't) you can ring the LSE's AIM team who will sort out any issues directly.
Hope this helps.
(ps I have not bought PMHH today, but did increase slightly on GME by 5,000. Once the discount increases iro PMHH, I'll be buying more PMH as I have 18,000 to go to the full position I desire. I'm expecting to do this during May, & before the end of June when the results come out).
Posted by elfstroman on :
O2Desiel, (OTD), look at this stock for today or tommorow. Slow Stochastic, MADC. They predict a substantial rise. Do you guys think the present energy crisis is going to drive this stock and its competitors for the next few years?
hope this helps
Posted by The Owl on :
PMH put equipment on new rigs, and bring different components of a project together. (see Keppel order which is NOT a scam!)
Given backlog of new rigs & shortage of staff & equipment - yes definitely.
I think Ethanol, wind & others will rise too. However, they are very much 'future' needs. Oil is needed right here, and right now and is much harder to get - hence new equipment needs building and old equipment needs repair.
Did you know only 4% of Chinese own cars?!, yet China is fastest growing economy.Oil & rig rates have a long way to go yet.
It's all about demand, so PMH is a commodity play really (as is OTD I guess).
Posted by The Owl on :
Difference is OTD doesn't have an investor list of 10 blue chip institutions with 60% of stock near current price, and a chairman who's invested £1m in stock...
PMH is a 'no brainer'.
Posted by The Owl on :
Spreads gone 12-55, 12-75 after hours!
Something's about to happen.
Posted by The Owl on :
A little gift from today's Energy & Capital.
A Bad Moon Rising
On top of failing to replace their reserves, the oil and gas producers are facing sharp production declines from their existing wells. In order to keep afloat they need to increase production to meet global demand.
Now in order to increase production, these petroleum firms must construct new wells in reservoirs known to contain oil and natural gas.
The problem is that these companies need drilling rigs to bore holes to find and develop the oil. But, generally speaking, oil and gas firms don't own them. So, they have to contract companies that do. And if you happen to be an oil and gas drilling company right now, you're in a pretty good position.
You see, nowadays there are so many producers interested in drilling right now, that there's a scarcity of drilling equipment.
This has led to massive increases in the rates the offshore drillers can charge each day.
According to ODS-Petrodata, an industry leader that provides market intelligence to the upstream offshore oil and gas business, the average day rate for a jack-up rig in West Africa in November of 2005 was $92,500 per day.
By March, 2006 the day rate for this class of rig had jumped 46% to more than $135,000 per day.
Similarly, day rates for heavy-duty jack-up rigs in the North Sea rose 42% from about $171,000 per day to about $243,000 per day from in the same period.
And from here on out more rate hikes are expected.
Posted by The Owl on :
A tiny 1000 *32 purchased at close. My trade still to show.
Posted by The Owl on :
No trades on PMHH, but starting to rise with 25,000 - 3x av vol, and spread is closest for 3 weeks.
May be the only one posting - not the only one buying though Posted by The Owl on :
Volume's increasing on some big trades. Now 61,000 during the day & 12 trades
Posted by The Owl on :
Keep this on a watch-list....news imminent next week, and into June. we should see a steady rise on this well established company with excellent orders.
35c was rejected as a sell price today, and MM's looking to 27/51 tomorrow based on after-hours spreads. Had you jumped in on my first recommendation at 20c, things would be looking good. Still early days though, and very near a '3rd watch' breakout level of 45c.
14 trades & 63,000 shares shows some people are starting to do their research, getting the picture, and realising timing is perfect - given news/results/ financial proof of PMH value etc.
Buying now, and holding till September interims are published should give an excellent risk/reward at these prices.
10 Institutions on board holding 60% of GME - the parent and 83% of PMH stock held by GME company says this is a very 'safe' stock to be in right now.
Not much buying is needed for this to go into orbit on just 17% restricted stock
Posted by The Owl on :
25x av vol! 43 trades & 143,000. Jordan/Mickey are you with me and joining in yet? Next level is to break 60c - 9c short of high today. The party's not even started - should do around 75-80c mark where shorts will have to start covering.
Mr Baer's report will show Patriot are worth $2+.
Co. will shortly be asking for the scam email's to be removed from Google search as they're totally untrue. This is a real company with established management and 10 instis owning 60% of parent stock!! How can the company be a scam?
PMHH will be 'networking' more deals/packages with existing & new clients from monday at: http://www.otcnet.org/2006/
There will be new work from this, as well as news from recent China/Korea visits soon.
Posted by The Owl on :
These are comments from Wood last year, & 31 March analyst research. This is why Patriot are doing so well. Note Mr Gibson is GME's FD. Mr Baer is PMH FD - why do they need 2 in last 4 months? You may well ask...
Mr Wood: 2 June 2005
'Overall the business is performing well, particularly Patriot Mechanical Handling which is seeing record enquiry levels, and we remain confident of achieving our turnover target of £15 million for the current financial year'
Edison: 31 Mar 2006
'We have downgraded our estimate by £1M to reflect problems NIM had shipping out high volumes of product in Q4. These deliveries will now come in 2007 figures. In addition to NIM's tight schedules, delays caused a completion miletone to be late on a Patriot contract, so profit on this segment of turnover will not be booked until 2007'
My comment: £15m was the target. Analysts thought £13m, now £12m - I can live with that. OK, so we miss a very ambitious target by 20% for this year, and see it next interims & £21M current estimate for 2007. Still £12m is c4x last...
Edison: 31 Mar 2006 'Higher Deliveries on Increased Order Book for 2007' GME's restructuring & refinancing look to have established it with customers as a credible 3rd player in the offshore mechanical handling sector. This and the buoyant investment climate in the offshore industry, is reflected in the jump in order book from £11.5m to £19.4m over H2. We also note that potential orders last November were £11m, which have all been subsequently booked. Currently potential multi year orders are sharply up at about £50m.
Financing - we feel that the events in the last 6 months have addressed our concerns on the strength of demand and financial restructuring. While the appointment of Andrew Gibson as FD ensures the systems to manage growth are put in place....
Posted by The Owl on :
Starts Today! Expect orders from this networking exhibition soon.
Posted by The Owl on :
Very positive email from co. to say announcement very soon.
Posted by The Owl on :
Good volume again.
Still in breakout mode & ready for next thrust up.
2-3 days to go - keep on your watchlist. Will post any order news here too asap.
Not many more opportunities (maybe coupla days worth if vol gets low or early sells) to get in under 50c. GME still think PMH is worth the $2 they increased their stake last Sept 2005, and will prove it by end June. Audit report is being written now.
Posted by The Owl on :
Had anyone bought on my first 10 April post, be sitting on a
45.16% profit at today's best sell price - that's less than 1 month on a quiet OTC stock!!
But I've not sold a single Patriot share...indeed today the smallest trade was mine. I'll be building bigger soon when funds become available, but want first to check, & wait for the order news to arrive.
There's a lot more to come with GME results, China/Korea orders & tit-bits from exhibition/deal conference happening now plus CFO proves PMH worth in a month or so.
This will trend very soon & very far $2+, maybe as far as $3 depending on what audit says.
How can a company which went into profit last quarter, getting $12.4M deals with Keppel Fels (worlds biggest) and order book of over $35m, plenty of cash in the booming offshore oil market with soaring rig rates, and plentiful supply of work for their 3yr business plan be worth 50c!! - an undiscovered gem.
Dunno what's going on but people are piling in here!
Yes there's an exhibition, yes CFO will say it's $2 but why are so many buying in last 5 days?
Posted by The Owl on :
News from UK. Shroders who bought 10.10% 4 weeks ago have added another 1%.
This is simply too good to be true! London AIM stocks do not have over 60% take up from 10 institutions just on basis of sales!!
Both GME & PMHH are known to be very undervalued. A buyer will take them both out before you and me find out their true worth in June.
GMRE received 2 offers of £25m a few years ago. It's worth a hec of a lot more because of PMHH but the share price is very low.
Do your Research.
Posted by The Owl on :
Here's the RNS for GME - PMHH's UK parent co. Why are the big boys buying GME instead of PMHH? Simple. GME own 83% of PMHH so there's no way they could get a controlling stake unlike on GME where 10 instis already own over 60%.
Global Marine Energy PLC 04 May 2006
4 May 2006
Global Marine Energy plc ('the Company')
Notifiable Interest
The Company announces that it received notification on 4 May 2006 that on 3 May 2006 Schroder Investment Management Limited ('Schroder') had an interest in 5,000,000 ordinary shares of 2.5p each in the Company, representing 11.16% 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.
On 18 April 2006 the Company announced that 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.
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
Posted by The Owl on :
Most investors don't yet appreciate quite what this means.
NIM usually provide PMHH winches - they are part of same company.
If PMHH have signed an exclusive deal with EMCE/Stokvis http://www.emce.nl
they could sell off NIM winching, staff, offices and Newcastle yard at no risk to the Patriot business.
I don't know for sure if this is what is planned, however it looks extremely likely. NIM was one of the reasons GME could not give Patriot all the cash it wanted last year, but both PMH & NIM were profitable from December 2005.
So, in a nutshell, this announcement a) gives expanding Patriot massive support for its winching needs b) Provides possibility of more capital flowing PMHH's way from savings on NIM c)should generate more big deals as NIM were/are just not big enough to supply on deals such as teh $12.4m Keppel one.
so PMHH could be good for Monday??
Posted by The Owl on :
Oilfields firm set fair with £20m in orders By Mark Casci A Shipley oilfield services company which does business all over the world has announced nearly £20 million worth of orders this year.
Global Marine Energy has contracts worth £19.4 million on its order book for the next 12 months.
The firm has acquired £10 million worth of new business since November alone and expects to announce a series of contracts in the coming weeks.
The firm has its headquarters in Shipley, where most of the design and engineering planning is done. The manufacturing is then done at its bases in Houston, Texas; Brazil and Singapore.
Finance director Andrew Gibson said: "95 per cent of our design work is done in Shipley.
"The majority of our business is done in the offshore oil and gas industries.
"Some of our business also involves producing access equipment such as doors etc for nuclear submarines and the Ark Royal.
"We turned over £12 million last year and are hoping to turn over £20 million this year."
The current contracts that the firm is working on are based in Brazil and Malaysia.
The firm was founded in 1988 and now employs 250 worldwide, 45 of whom are based at its Shipley headquarters.
The company was listed on the Alternative Investment Market (AIM) in 2001 and was restructured into two separate divisions in 2003, following the appointment of new chairman Philip Wood.
Patriot provides handling equipment to the offshore oil and gas industries while NIM Engineering ltd provides marine access to the gas and oil industries.
The firm, based on Wharf Street, changed its name from MOS International last year.
The company made the announcement of its new business contracts following a downturn in profits last year.
The losses, caused by extensive restructuring at the company, were overcome in the final quarter of the year up to March 2006 as the firm looks towards a brighter financial year.
Mr Wood said: "The year to March 2006 has still been one of substantial growth and, most importantly, the company has returned to profit in the final quarter."
e-mail:mark.casci*bradford.newsquest.co.uk
4:17pm Tuesday 4th April 2006
Posted by The Owl on :
Here comes your orders :-) - pass the word!!!
Patriot Mechanical Handling Announces $8.6 Million Marine Deck Crane Order From China National Petroleum Offshore Engineering Co, LTD Monday May 8, 11:11 am ET
Order Represents the Fifth Contract Signed With Chinese Energy Producers Over the Past 12 Months
HOUSTON, TX--(MARKET WIRE)--May 8, 2006 -- Patriot Mechanical Handling Inc. (Other OTC:PMHH.PK - News), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that it has received an order valued at $8.6 million USD from China National Petroleum Offshore Engineering Co, LTD. The order is for 8 marine deck cranes, spare parts, training and commissioning of the equipment. Training will occur in the Patriot facilities in Houston, with the cranes being delivered to Xingang Seaport, China, upon completion. "We are making tremendous inroads in China, having secured multiple orders over the last 12 months, including this latest order for China National Petroleum Offshore Engineering," stated Paul Findlay, CEO of Patriot. "The growing demand for fossil fuels in China makes this country an important market for Patriot. We will continue to develop our relationships and expand our efforts not only in China but throughout the Far East."
About Patriot Mechanical Handling
Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.
More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmh.com.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Patriot Mechanical Handling, Inc. Joins Alliance Within SourceOne Drilling Systems Wednesday May 10, 9:00 am ET
Alliance Partners to Deliver Complete Mechanical Handling & Drilling Packages
HOUSTON, TX--(MARKET WIRE)--May 10, 2006 -- Patriot Mechanical Handling, Inc. (Other OTC:PMHH.PK - News), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that the company has joined the SourceOne Drilling Systems Alliance team. This alliance includes best-in-class drilling equipment, mechanical handling and technology partners dedicated to providing the industry with the highest caliber, streamlined and complete rig packages on a one-stop basis.
ADVERTISEMENT click here Paul Findlay, CEO of Patriot Stated, "We are very pleased to bring our complete mechanical handling package & drilling equipment products to SourceOne, allowing the alliance to now offer complete rig packages." He added, "Patriot is now aligned with a number of companies to deliver the most advanced equipment in the industry, including: Lewco, Cameron, Petron, OEM and many others."
Patriot is disclosing this relationship to its clients and industry representatives at the Offshore Technology Conference taking place in Houston in May.
About Patriot Mechanical Handling
Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.
More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmh.com.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
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