moneyplus
- 27 Oct 2005 10:25
I have picked up a few of these and am pleased with the steady rise. This is the holding company which owns Ofex and in Dec-more mm's will be joining it to make it a stronger competitor for LSE and Aim markets. Well known market firms seem to be investing in this one but so far small investors and analysts are not taking much interest. I'm in early as I think it will do well---any comments from regulars on here?
squidd
- 20 Nov 2005 18:14
- 22 of 112
hawick: Help!. Me, my steamdriven computer and its M2000 isn't up to it either. Can you set up a properly headed thread for PMK. I think it's going to need it.
Additionally, I would like to comment on your ofex HEP but don't like to intrude on the VOG thread.
sd.
hawick
- 20 Nov 2005 20:28
- 23 of 112
Squidd I am sure as that thread appears to have gone quiet they wouldn't grudge you a quicky comment on Heritage, positive or negative, perhaps with the sweetener of what a marvellous company VOG is, lol! -:)
Surely this thread is fairly clearly dedicated to PMK?
moneyplus
- 22 Nov 2005 15:59
- 24 of 112
still rising steadily--that'll do nicely for me. After dec 6th more mms are joining the trading platform so maybe attention will then turn to this one.
moneyplus
- 25 Nov 2005 09:54
- 25 of 112
nearly through 20p mark today-anyone else joined yet??
moneyplus
- 25 Nov 2005 15:18
- 26 of 112
22+p now-maybe some news coming!
squidd
- 25 Nov 2005 20:15
- 27 of 112
Up 17% today, PMK is storming uphill ploughing through the profit takers on the way. I've only been in a couple of weeks and already I'm up around 30%. At this rate it will outpace my front-runners CSB and ULT, so will consider over the W.E. piling in more deeply.
sd.
squidd
- 26 Nov 2005 02:46
- 28 of 112
With PMK reaching for the sky, felt I should copy the following contribution from hawick, in response to a query from me on the DGT thread about competition.
hawick - 25 Oct 2005 17:45 - 1690 of 1754
There are plenty of competitors squid in this area, but a lot of business to go around and PMK is not a direct competitor in the advisory sphere, PMK is the holding company for the Ofex market. Where they might become a competitor is in that several small AIM companies may feel that legislation from the EU will add to their costs and they will eventually use the alternative PMk wquotation system which will be cheaper than SETTS and the LSE offerings.
Interesting article explaining more dated yesterday, from which I post extracts below. I don't agree with all of it (bit too much of an 'ad' imho) but the mention is of three more market makers waiting in the wings for Ofex. brokers seem to be queuing up to offer the PMK alternative:
'By Garry White, stock market reporter on UK-Analyst.com
'OFEX is being heralded as the new AIM. But is this too early? Perhaps, but there is most certainly a buzz about London's most junior market that hasn't existed since the dot.com technology bubble of the late nineties and into the new millennium. A dramatic change in structure, led by an invigorated management the same team, incidentally, that built up AIM from scratch - now plan to turn OFEX into the most active smaller company market on the planet. A task that will clearly take time, but one that has seen its owner, PLUS Markets, gain wide support from the leading institutions in the City.
A market that was for so long plagued by illiquidity has been thrust to the opposite extreme, with three market makers now active and a further three waiting in the wings. A total of six market makers across such a small quantity of smaller companies is an enviable position, one that the smaller end of the AIM market can only dream of. In short, liquidity among the OFEX elite is far greater than that on AIM. Market makers are being slowly pushed out of the AIM market, with an order-driven book being taken to the fore. Again, this is a transition that will take time........
........ the story of the third tier to the true home of the equity markets is just beginning.
A markets directive, complicated by the meddlers at the EU, is making it increasingly difficult for the smaller capitalised companies on AIM to maintain a listing, without submitting to the excessive regulatory costs that are more in line with the main list of the LSE. This has created an added opportunity for OFEX. In time, it is inevitable that companies will leave AIM in favour of OFEX, due to its simpler, yet effective regulatory structure and kinder cost base. A no-go for so many investors in the past, there will surely come a day when in order to speculate on smaller companies in the UK you will have to trip the light fantastic, surrender your anti-OFEX sentiment and transact bargains on a dramatically improved market facility............
......Already a home to fanatics that have discovered the hidden and unloved gems that still hide away where so few men - and women for that matter - refuse to go, this is a market of the future.'
moneyplus
- 26 Nov 2005 13:06
- 29 of 112
cheers squidd a good post. The sp is already doing well and the mms such as winterfloods have invested large chunks of money to get this going after financial problems last year. I feel when this is established and successful the sp will just keep rising-a long term hold! the mms have had their margins cut drastically by the new setts system and this is their fight back!
squidd
- 27 Nov 2005 19:23
- 30 of 112
KZ: I think PMK will offer a wild ride, but only for funds you can afford to lose. It represents around 2% of my portfolio at the moment and I expect to build this to a maximum of 5%, probably this week. I can't offer advice on timing though 'cos so far the profit takers have been trampled, but this coming week should be very interesting.
sd.
moneyplus
- 28 Nov 2005 11:06
- 31 of 112
tipped in Mail on Saturday-saying punters piling onboard ahead of the action in the new year. That presumably is when trading begins for the joining mms. up again today bound to be profit taking this week IMO.
squidd
- 28 Nov 2005 17:41
- 32 of 112
I hope you're right moneyplus as I'd like to do some more piling in myself. Still surprised that we seem to be on our own with this little gem, I sometimes feel that investors on this BB tend to cling on to their shares well past their sell-by date, whereas I try to get out when they start to look wobbly.
And we've done well over on CSB also today.
hewittalan6
- 28 Nov 2005 17:49
- 33 of 112
I've got this, but only on my fantasy investment, 8-(.
But I have been on CSB for a long time, 8-)
Alan
moneyplus
- 28 Nov 2005 18:05
- 34 of 112
welcome to the party Al--this one will be very interesting as it seems certain the marketmakers who've backed this are intending to make money by using the trading platform. Simon Brickles who is running it has a good reputation-he is credited with the success of Aim so I hope he is successful here. sp up again today but it must surely pull back soon for a breather--I intend to hold mine long term though unless they really rocket like VOG !!
hewittalan6
- 28 Nov 2005 18:20
- 35 of 112
I might get a few quid in for real, but all my cash is tied up with other things that are looking very good. If i get a shooter like VOG where I really should exit at the top, then this is the one I am watching very carefully to put my money into.
Alan
squidd
- 30 Nov 2005 04:39
- 36 of 112
Only a small rise and few signs of the profit takers, but this may be the closest we get to an entry point for topping up.
hawick
- 30 Nov 2005 10:57
- 37 of 112
Longer term chart suggests a lot of resistance at and above 25p. After a near 400% rise for the shares, might be time to consider locking in a few pofits.
squidd
- 30 Nov 2005 13:18
- 38 of 112
hawick: I agree; my chart is telling me that a 400% rise is unsustainable and we should be taking profits before everyone else does. On the other hand, the background story is pretty compelling: the share was worth 35p a couple of years ago and it is a recovery stock; now, with dynamic new management and the EU regulators turning the screws on the competition at LSE, it ought to be worth at least that now. Think I'll hang on.
sd
squidd
- 30 Nov 2005 13:28
- 39 of 112
And as I wrote that, some sellers appeared.
moneyplus
- 30 Nov 2005 15:25
- 40 of 112
rns out today saying the plus service is officially launched on Dec 5th but warning that this will have a significant impact on the figures because of setup costs---still the sp goes up. I don't know which way to jump now!!
squidd
- 04 Dec 2005 16:21
- 41 of 112
There are still few signs of the profit takers, and PMK just keeps rising. Perhaps this is going to be the next QXL (10 X in a year). I'm continuing to hold.
sd.