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Author Topic: PMHH (oil &rigs) 2mth High on 3x Vol!
The Owl
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Wrong thread Jordan.

It's the Global Marine Energy one you want, mate.

This shows the trades going through on the parent company today. PMHH are 90% of GME's turnover, and 95% of their order book. That's why the 10 institutions with 60% in GME is significant.

Are we all on the same page now? or am I still pumping?


I'm posting the Reuters one now because a) everyone knows who Reuters are b) people had problems with the other thread c) It has extra research as I'm tired of doing it all for you guys.

Do your Owl Research - should be Do Your Own Research...lol

Here it is.

http://today.reuters.co.uk/stocks/Quote.aspx?symbol=gme&fs=1

Can we agree Global Marine Energy are a UK company with a US listing on the OTC for their US subsidiary Patriot Mechanical Handling PMHH?

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jordanreed
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thanks...got it now..

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jordan

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The Owl
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Great.

Can you convince Mickey G?

Don't buy now (unless willing to risk illiquidity & tie up a few funds).

There's about 8 weeks still to go till Mr Baer's report & GME results, so plenty of time.

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The Owl
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Last Post for a bit on PMHH


Still holding till end June.

Best of luck.

Do own research. End June report should prove Patriot is worth $2 AT LEAST.

If not sure contact company - details on other thread.

Bye for Now

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fourseven
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Thanks for all the thorough research, Owl!

--------------------
the market is not your mother

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The Owl
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Sorry chaps, it's me again. There's been another post on PMHH, and I know a few are interested.

Here it is:

Press Release Source: Patriot Mechanical Handling

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.


Contact:

Contact:
Patriot Mechanical Handling, Inc.
Tel: 281-445-4745
Fax: 281-445-9839
E-Mail: Email Contact

Global Marine Energy plc
Philip Wood
Chairman
Tel: 01274 531 862

Capital Group Communications Inc
415-843-0200 office
415-843-0214 Fax


Source: Patriot Mechanical Handling

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ballyman
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Thanks Owl, missed this one.

--------------------
"It's a head game...climbing a mountain that is, 20% physical:80% mental."

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The Owl
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Forgot the link

http://www.source1drilling.com/

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jordanreed
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so youre a liar too?

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jordan

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The Owl
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Oh alright, yes I did pop back again. Off now though. Do you want me to post news or not? Obvious people are keeping an eye on this - no ones started picking up the news though...

For info I've asked Edison to do some new research as 31 March research is already out of date.

Their figures are:
2006 £12m ($22.56m)
2007 £19m ($35.72m)
2008 £21m ($39.48)

Total £52m=$97.76m multi-year orders. They said potential was £50m = $94m just 2 months ago.

This $97.76 excludes $8.60m deal 2 days ago and other unannounced orders - so PMHH have total orders of $106.36m AT LEAST from 2006-2008!! This is on current figures and does not include 'unannounced deals' or anything coming from source1drilling - obviously an Alliance planned so they can expand, as was the EMCI

If we average over 3 years = $35.45m sales
There are 100k shares, so P/E ratio for Patriot is now 35.45/36=0.98!!

Guys, this little Gem is trading on a forward PE ratio of less than 1 !!! How many companies do you know with a PE that low???

Of course, we can all agree it's very cheap, but not if no one wants to buy or even knows about it.

Yes, underreserached companies do exist and you've found one!! - with added bonus of 10 institutions, a driector with $1,880,000 invested in parent company GME too!!

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jordanreed
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you're the one who said you wouldnt post again till june...I'm just pointing out that you're not a man of your word..that makes you untrustworthy in my book..hence, what you post is untrustworthy and furthermore ,your stock , that you constantly pump, endlessly, is not worth all of your hype...You reek of someone who is hired to do exactly what you are doing here. I just cant trust a person such as you...or your stock...and that is because of your tactics!!

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jordan

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The Owl
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Jordan,
I'm an IT Project Manager!! That's all I'm paid to do ok?. You shouldn't be trusting anyone - not just me. lol.

If you base investment buy decisions on others, how can you possibly decide when to sell?

I'm not asking you to trust me, or take anything I say at face value. I'm probably totally 'wrong' about what the market does next with this stock, or I might be totally 'right' - no one knows. The only info you have is what is posted, what's on web-sites, and regulatory news. You have all of these, plus management telephone numbers, emails etc. You can check absolutely everything.

All I'm saying is of all the companies on US OTC market & UK AIM market, PMHH is one of the most 'secure' investments in this type of smallcap market because of the institutional interest, order book & management. Don't buy of you don't believe me.

I came back to the thread because I saw something on Yahoo for PMHH, and am aware some people are thankful to be in this stock - so just wanted to check the news had been posted that's all [Smile]

I had an email from Paul Findlay (CEO) today confirming the audit work is underway now, and Mr Baer will be writing his report 'on schedule'

[ May 12, 2006, 15:12: Message edited by: The Owl ]

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ballyman
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Owl, "just post". Everyone else posts their mind, so go for it. Hit the ignore button.

No volume Friday LOL!! I think once OneSource updates the PMH alliance on their website this will help matters.

--------------------
"It's a head game...climbing a mountain that is, 20% physical:80% mental."

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The Owl
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Ok, thanks ballyman.

Did a bit of research on PMHH 's new Client and the SourceOne alliance this weekend.

Here's the result.

New Client: http://www.chinadaily.com.cn/english/doc/2004-11/04/content_388478.htm

...and info on SourceOne
http://www.lewco-equip.com/equipment/SourceOne.pdf

http://www.letourneau-inc.com/html/marine/marine.html

http://www.rowancompanies.com/
who are generally doing this well ----
http://library.corporate-ir.net/library/81/814/81470/items/189485/2005AR.pdf
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=RDC&script=410&layout=-6& item_id=847918

Looks like Lewco (a subsidiary of the Le Tourneau Group, who are a subsidiary of Rowan Companies Inc...) win contracts, and sub-contract some/all of the work to alliance partners e.g. PMHH. So presumably PMHH would be paid by Lewco, which possibly means up-front finance for deals done in this way.

So as well as Patriot doing their own packages, they can also be part of bigger jobs without necessarily having financial constraints.

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The Owl
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Gone a bit deeper...
Looks like Lewco (along with Le Tourneau Group are subsidiaries of Rowan Companies Inc...) win contracts, and sub-contract some/all of the work to alliance partners e.g. PMHH. So presumably PMHH would be paid by Lewco as prime contractor, which possibly means up-front finance for deals done in this way.

So as well as Patriot doing their own packages, they can also be part of bigger jobs without necessarily having financial constraints. I guess if Rowan ($1bn rev with loads a cash and just announced dividend) also in Houston like PMHH (and I guess as parent they must have signed off Lewco's alliance with PMHH), then well, who knows - ...:-).

ps Rowan rig status shows 12 rigs without a contractor (TBD) for 2007/2008.

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The Owl
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This is speculation, but there could be more to the SourceOne drilling announcement than meets the eye.

http://www.rowancompanies.com/

SourceOne Alliance is with Lewo - a subsidiary of Rowan Companies Inc (RCE) who have $1bn turnover, lots of cash, and a huge order backlog. They also seem to be struggling to repair rigs after Rita/Katrina. 12 of about 40 rig contracts in next 2 years do not appear to have a contractor - listed as TBD on Rig status.

It's only a small jump to get from Alliance Partner to subsidiary, and maybe why the fab $8.6m deal never got released against GME in the UK.

If something along the lines I'm implying is happening, the $8.6m deal would then indeed not be
relevant to GME. PMH may be taken-over.
It would also seem to fit everything else that seems to be happening re Institutional buys etc.

What is clear is PMHH are getting loads of work yet still pressing the accelerator not the brake.

DYOR-RE STRONGER LINKS WITH RCE, THIS IS ONLY SPECULATION

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renrob05
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Owl i'm tired of it...let's make a deal...i'll pay you more money not to pump this stock then what the company is paying to pump it.

Is that ok?

--------------------
Renee
Easy money!

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jordanreed
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heard that...over 300 posts on ONE stock...the more you talk B.S. ,,the less it sounds like B.S....

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jordan

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The Owl
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Rob, ok deal. You owe me 1c :-)
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jordanreed
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your cover has been blown...we know your game..you are like a bothersome e-mail... or the obnoxious cousin that wont leave,pretending to help,when,in fact, you are scamming the unsuspecting minions.


The Owl: "Rob, ok deal. You owe me 1c :-)"


No denial but a feeble attempt at humor.. to try and cover -up your real job here..

--------------------
jordan

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renrob05
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Owl find a real job. Tx

--------------------
Renee
Easy money!

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The Owl
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If right, and PMHH becomes subsid of Rowan Companies, won't need a job at all....lol [Smile]

GME would get ~£30-£50m, PMHH would become NYSE listed company. Both would rocket, everyone wins.

Last year's intended IDC jv intentions would be finally realised about 1 year late.

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ballyman
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Yes that would be a great scenario wouldn't it, guess that is why we are all here, hoping for that day. My ideal would be to still go to work, but to actually be able to put up with the BS. My problem is I am very meticulous, I don't deviate a whole lot, therefore when peeps are illogical I put up a fight. I would like to just go in, smile and say "wow yeah that sounds wonderful" for a change while LOLH inside. Someday...

--------------------
"It's a head game...climbing a mountain that is, 20% physical:80% mental."

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MickeyG
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Another day of absolutely nothing,and pumping by Owl.Stock just sucks,everyone knows it.
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The Owl
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MG I agree - I'm de-pumping now.

Sell if you still hold - PR on the company is not good enough...if you want to speculate till June fine, if not sell. I'm still mad enough to speculate and trade with the institutions, so bought 1000 end today.

I've emailed management demanding an explanation on why they will not release the $8.6m order & 2 bits of news already seen in the US to the UK market.

Either there's an offer for the company, and they don't want to prejudice it by getting the price of both up, or something else is happening. If you can help, and let me know of any other reason a company would not release good orders, fire away.

The UK is in closed session awaiting results. Plenty of orders, only issue is can they deliver budgetted orders.

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fourseven
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Hm. I'd be in if it bounces off .21

--------------------
the market is not your mother

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jordanreed
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quote:
Originally posted by The Owl:
Last Post for a bit on PMHH


Still holding till end June.

Best of luck.

Do own research. End June report should prove Patriot is worth $2 AT LEAST.

If not sure contact company - details on other thread.

Bye for Now



--------------------
jordan

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