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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plutus Powergen Plc | LSE:PPG | London | Ordinary Share | GB00B1GDWB47 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.025 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
10/11/2022 10:04 | Short answer is no. PPG has nothing of any value to offer. It has no listing, no cash and a totally discredited BoD, who if the stories are true, tried to enrich themselves at the expense of other shareholders and the target (Ben's Creek), which is why the Nomad resigned. You can follow what happens here: I expect that the accounts due by 31 Jan will not arrive and some time after that strike off action will commence. You can see how things are likely to go by looking at a similar company: There is a good chance you will be able to crystallise your loss at 0p in tax year 23/24 and offset against CGT or carry it forward for use in future years. | sweet karolina2 | |
04/11/2022 17:13 | Are we going to relist it's been over a year without news | sianna1 | |
09/8/2022 19:55 | sw2 - tks - I'll take a look - pete | petersinthemarket | |
09/8/2022 10:01 | Peter, There is a thread. I am not sure if it is any good or not but it did cover PPG: I can't be bothered to trawl through it all to find the PPG bits to see if he called it right or not, but that would be a good test of whether he knows what he is talking about. | sweet karolina2 | |
01/8/2022 10:34 | >SK2 - Thanks for response - all understood | petersinthemarket | |
31/7/2022 15:51 | Peter, Thank you for your comments. It is not so much serial perpetrators but the system itself. I have a good friend, who is honest as the day is long, who used to use dirty AIM shells. Sometimes it would work and everyone did ok and sometimes it would not and he would be called every name under the sun on the BB associated with it. The rules changed quite a while ago to force suspension and full readmission at a cost and in timescales that are about the same as an IPO, so there is no longer any real point to AIM rule 15 shells. If all the operating assets have gone, the best thing to do is to voluntarily liquidate the company and return any cash left after creditors have been paid to shareholders. However that is often 0p. So the shell route is often seen as doing the right thing for shareholders, but the reality is more equity gets issued, which exisiting shareholders then buy in the secondary market. Most of the new money disappears in PLC costs ie the BoD and advisors all do very well, so of course they will advise the BoD to become a shell rather than do what is obviously the best thing to do overall to stop more money being wasted flogging a dead horse. I have learned a lot from my mistakes over the years. The hardest lesson to really learn and live by is to sell and cut losses. It is the emotional attachment we have for what are after all just electronic equivalents of bits of paper that prevents us from really living by that key lesson. So instead we kid ourselves and average down on the false belief that we only lose when we sell and in the non exisitent reverse Newtonian law that what goes down must one day go up. The only way to do it is to focus on what you can do with what you get back and not on the losses (they can be offset against CGT). Then don't look back for at least a year (just as when you buy there will be a time later when you could have bought cheaper, it is the same in reverse when you sell). There is no substitute for DYOR in any investment. I posted the same link on the other 3 company BBs with a genuine good luck to them message. On one it already has 3 red thumbs down but no counter argument, which I would welcome. So as far as setting up a thread is concerned, sorry not by me. | sweet karolina2 | |
31/7/2022 10:48 | >SK2 Many thanks for your contributions on traps like cash shells. Much appreciated. I am one of those caught out by PPG. A bit late in the day I took (your?) advice to save what I could. FWIW I did that and got some cash out but it was an expensive lesson and I'm still stuck with a load of nil value shares in my trading account. The point is that I have been investing and trading off/on for at least twenty years and I thought I was a sensible investor until I got caught by this, which showed for sure that my experience in this particular field was grossly insufficient. I have duly noted your many contributions on the subject on this and other threads. You have pointed out the traps to anyone prepared to listen, but unfortunately the necessary gen has to be found by accident on many individual share threads. We ideally need to be able to find the names of the companies and the names of the serial perpetrators in one place. I wondered whether you or someone with suitable experience would be prepared to run a dedicated thread, perhaps called shells, to pull everything together in one place so that everyone would have a trusted point of reference to go to which could warn them of similar potential traps. | petersinthemarket | |
31/7/2022 07:11 | I use PPG as one of 4 examples to show why buying into AIM Rule 15 shells does not make sense: Enjoy, at least you are not alone. | sweet karolina2 | |
18/5/2022 08:45 | All because of director greed | solarno lopez | |
18/5/2022 08:38 | Bens Creek - pity ppg couldnt get that deal over the line! | smcl | |
10/5/2022 20:08 | They won't appear on the list until after liquidation and as that process has not even started you are trapped and unable to use the capital loss to offset gains for years. This is what you re looking for and although it sounds hopeful, HMRC rarely accept claims until after the liquidators have finished. | sweet karolina2 | |
06/5/2022 10:22 | >>>jackspra | petersinthemarket | |
05/5/2022 15:15 | Then look at Fandango Holdings from the same stable or should that be dog kennel More rubbish | solarno lopez | |
05/5/2022 14:54 | Anyone know if Plutus have been listed by Gov uk as a valueless company? Given the thing about not being valid for ISA i guess its likely | jackspratt | |
10/3/2022 12:50 | Peterinthemarket, well they haven’t made the money they could have made but I’m pretty sure the whole business of desperately hanging on two years ago was to prevent scrutiny of the business and accounts. I wonder what that might have turned up? Tatnall and Longley are crooks imo | 2pablo | |
10/3/2022 11:39 | That vote was won due to the majority influence of the large instutions. That vote cost me £7k. Why did they do that. What did they think they knew that we didn't. Have they also lost money due to their vote. Small comfort, but it would be something. | petersinthemarket | |
10/3/2022 08:14 | It is true the electricity generating sites managed by Rockpool are doing really well. Lazarevic still involved and they’re making £millions. Very annoying we couldn’t win the vote to get rid of the dodgy mgmt and all make money. | 2pablo | |
10/3/2022 07:26 | PPG annual report finally with CH: Still trying to keep the hope alive, however the existing equity (around 4.5 Billion shares) is completely worthless zero cash and net current liabilities a year ago of over £700k. There must be something seriously wrong with the intended "acquisition" for MCIL to even be thinking of doing an RTO into this perennial uber dog that does not even have a listing. They say (no guarantees) that they are trying to do a placing just to raise the money needed to list. I bet there are loads of "sophisticated investors" who can't wait to pile into that. Perhaps they need to tap up some mugpunters like smcl. | sweet karolina2 | |
09/3/2022 21:41 | Ah who knows. If it’s gone it’s gone! | smcl | |
08/3/2022 14:53 | Ref my previous note in #7358 As a result of the IntInv letter re closing date of 9 March. I transferred my worthless Plutus shares into my trading a/c. That process is free, even if it is pretty useless. If you want to transfer them to a share Cert, IntInv will do that for you, but only if you phone them to discuss, and only if you pay them about £45 for the process. I don't wish to chuck any more money at this dog. I'm truly sorry for those who are still holding on in hope. pete | petersinthemarket | |
08/3/2022 13:28 | Ironically, the diesel assets Plutus built should be making decent money in this environment | bmcb5 | |
07/3/2022 19:13 | When the company is finally struck off then you can claim the tax loss. It won't be in this tax year though. | sweet karolina2 | |
07/3/2022 17:56 | Correction - I do have the same message from II. | jackspratt | |
07/3/2022 17:40 | I've got these sat in ISA with Ii but have not had a comms from them about moving them out. Got these in trading account as well and, other than donate them to a charity it looks like im stuck with em. Given they are valueless there is a tax benefit on other gains in non ISA account if I can flog em for even a few pence. Anyone know if getting a certificate and selling em privately for a nominal fee - say 10p for the lot is possible and can it then be used as a loss for tax assessment ? | jackspratt |
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