posted
All oil stocks are down on the big boards today, due to higher than expected reserve levels. Oil plays may quiet for a few days. Be careful.
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seems like none of these stocks have done anything but go down today. Superman, U think I should dump OMOG, got at .11 like an idiot, or u think it still has chance to go higher by EOD Friday? Havent heard much on EFCR, still give it a week?
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just curious about GCHR another oil deal i have been holding for some time. Looks like there was a huge fat finger or something today because it is up 900%. Any ideas?
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Some retracing across the board with oil and gas...FPPL definitely held it's ground today...looking for a gap up in the A.M. Tomorrow's the day they go again IMHO
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With PMHH being GME's biggest subsidiary (90%), 10 institutions have bought 60% in last quarter, Keppel gave PMHH a $12.4m deal (repeat of previous work) in Jan, and profit forecasts are upped.
In June the new CFO Mr Kirk Baer & voluntary audit they are doing will say PMHH is worth the $2 it's parent paid last September. With $35m order book and analyst estimates of multi-year orders of $90m, of course it's worth $2. GME trades on forward pe of only 4.6!!! for next year.
If you're NOT into Pump & Dump and prefer a steady trend, get aboard, otherwise put on watchlist or go for good old ethanol. This will keep going till September interims at least, as orders are piling in due to booming industry.
There should be an annlouncement by the weekend, if not early next week.
posted
PMHH closes up another 11% at 50c on 8x vol.
This stock will be proved to be $2 mid-end June. Audit is being done NOW. Then Mr Baer writes his report, then the firm is retained to provide PMHH with ongoing voluntary audit. One not to miss. But still a whisper....everyone's in Ethanol, but the soaring rig rates are in oil, so Patriot does not need to do extra work to increase revenue!
Order book stands at $35m. Company is said to be trading profitably since Q4 2005. Actually was earlier than that but GME's other subsidiary (NIM engineering) needed cash last year. It too is now profitable...you'll see this in GME's results to be released early next month.
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All oil stocks were down on the big boards today, due to the inventory levels being higher than expected. Oil plays may be quiet for a few days.
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quote:Originally posted by logical buyer: All oil stocks were down on the big boards today, due to the inventory levels being higher than expected. Oil plays may be quiet for a few days.
maybe, but i dont buy that BS, now all of a sudden everything is fine and dandy with oil supplies. riiggggght. politics if you ask me.. i think oil goes to 100$ a barrel. politicians admit that nothing can be done. i think we are on the brink of a major shortage if you ask me.. i hope im wrong. but the writings on the wall IMO
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i think all the companies listed in this have gone down since the post....that sucks, cause I bought 2 of em....hope they go back up some so I can sell n break even. Perhaps Im just being impatient?
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and here's some more. Call it pumping if you like.
I'm simply passing on news for you guys. Either you believe it's worth $2 or you don't. I always post links so you can check facts. I could speculate on why 10 institutions own 60% of the stock, but I have resisted that urge.
If I said a takeover was imminent - now that would be pumping. I'm not going there. Make your own minds up and leave well alone unless you want a stock which will trend after June.
Here's todays news - a 10% blue-chop institution UPPING its stake in PMHH parent.
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
Why are they buying GME not PMHH directly? That's obvious.
GME already own 83% of PMHH stock at $2 and will keep a controlling interest in this valuable gem, so what's the point - an institution couldn't get a controlling stake. However, that does not detract from the value of PMHH nor it's proper valuation, nor what it would be worth if sold on.
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I like and am in DOIG, but its close to 2.00 a share right now. Take a look at the pretty chart, and do your own DD.
GLTA, Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money.
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Though Owl does post the stock alot, you gotta admit, its gone up almost a 100% I think from when he started his posting. slowly but surely. good job OWL.
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Balt, I bailed on efcr yesterday--MMs not willing to let it go, for whatever reason. However, they seem *more than ready* to let GARB go...check it out
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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May be up 100% since posting, but On PMHH, the best is yet to be.
I actually bought a few at 17c so a 229% gain. I could have sold some two days ago 46c, but not selling any, nor do I intend to as I know there's very big news coming which will take PMHH back to $2+. This is why there are so many big institutions such as UBS, Gartmore, Shroders & Invesco buyers of the UK listing, GME.
The news is not released yet so probably Friends & family buying.
Check out this link for who's buying PMHH stock via GME! They would buy PMHH direct if GME didn't hold their $2 83% controlling stake!! This means stock is restricted to 17%! - which means it will fly when the long awaited news arrives and PMHH $2 value is confirmed.
(Tap in GME not PMHH to see which of the 10 institutions buying in last 4 months just added another 1% to their 10% holding in PMHH yesterday! - 4th May)
When you understand this company, you'll see GME is the UK listing for PMHH.
Just a whisper for now, however there's obviously growing interest (and not due to my posts) given +100k trades for more than 5 days now.
I'm expecting order news by Wednesday of next week from the offshore show www.otcnet.org/2006 and other deals from before this show in China/Korea. We can then look forward to CFO Mr Baer's report in June, results PMHH have said they'll announce end of June, and an update on their $36m order book announced on 31 March.
Analysts have said they expect it to get to $90m soon - which seems a bit high to me. Demand is booming though, and rig rates soaring so it is possible, plus they did say it was $20m only last November and now risen to $36m - so possible.
PMHH should definitely be trading around $1.50-$2.50 based on it's order book and profits alone. Just few people know this right now. Best of luck.
[ May 05, 2006, 02:30: Message edited by: The Owl ]
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