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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Plutus Powergen Plc | PPG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.025 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.025 | 0.025 |
| Top Posts |
|---|
Posted at 10/11/2022 10:04 by sweet karolina2 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. |
Posted at 09/8/2022 10:01 by sweet karolina2 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. |
Posted at 31/7/2022 10:48 by petersinthemarket >SK2Many 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. |
Posted at 31/7/2022 07:11 by sweet karolina2 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. |
Posted at 18/5/2022 08:38 by smcl Bens Creek - pity ppg couldnt get that deal over the line! |
Posted at 10/3/2022 07:26 by sweet karolina2 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. |
Posted at 14/12/2021 17:28 by sweet karolina2 itsyou,Why are Mayflower doing an RTO into a company that has no listing, rather than doing their own IPO to get their own listing free of all the baggage that would come with PPG? Who knows what horrendous thing(s) caused the Nomad to resign with immediate effect. Ben's Creek has successfully listed without any "help" from PPG and seems to be doing well enough, so I think that makes it clear enough that the horror story was within PPG. Given how lucrative the RTO would have been for the Nomad had they not resigned completely scuppering it, we can safely conclude the resignation was not over something trivial. |
Posted at 09/12/2021 23:37 by sweet karolina2 Why aren't Mayflower just IPOing direct onto the (sub)Standard List? What value would doing it via an RTO with PPG add? The same value Ben's Creek thought it would add ie zero which is why Ben's Creek ditched the RTO of PPG the moment PPG lost its listing. This scheme will go exactly the same way. |
Posted at 05/11/2021 07:53 by sweet karolina2 What killed the deal and the company is whatever it was that caused the Nomad to resign. It is clear now Ben's Creek has its own listing that there was never any problem with that end and the problem was all inside PPG. The Nomad would have earned a decent fee had the Ben's Creek deal gone through and, as it now is, it is probably owed money that it will now never see, so the resignation was not over some trivial matter or disagreement - there was something seriously wrong in PPG. Whilst we can speculate what it might have been, the city's code of omerta will mean we never find out for sure. The wise investor could see the writing on the wall a long way before this and got out whilst mug punters were buying.It is also clear that Ben's Creek, as I said when this was first announced, had no real need of PPG as there were plenty of other ways it could get listed. Ben's Creek always held all the cards in any negotiation and would not have paid more than about £200k for the cashless shell that was PPG had the Nomad not resigned - Ben's Creek seem to have had a lucky escape from what always looked like a foolish tie up with this uber dog. In the meantime how are the plans for PPG to relist on the (sub)Standard List going I wonder - 20 Sep "The Company will provide a further update in the near future." PPG should have produced fully audited full year results last week - AIM and the (sub)Standard List suspend companies that don't produce results on time, so failing to meet a really basic requirement of the market you are trying to join is not exactly a great way to begin the new listing process. Most of the work to produce the accounts would have already been well advanced as it would have been needed for the DD for the Ben's Creek deal. However we all know that the talk of a new listing was just more of the BS the directors have been pushing out for years to keep mugpunters happy. |
Posted at 24/8/2021 19:47 by sweet karolina2 The only outside chance PPG had was to find a new Nomad within a month - there are a few out there who don't really care about the rules or their reputation and as I said before, RTOs make a decent whack of fees. However PPG are not even talking to alternative Nomads, but are considering an alternative listing. PPG won't get one on a market that would enable Ben's Creek to raise money so what is the point. From a Ben's Creek perspective the advantage of an RTO over doing its own IPO are pretty marginal anyway. If Ben's Creek are even remotely interested in PPG now, it is a clear sign that there is a major problem with Ben's Creek and maybe it was not PPG that caused Allenby to walk. Either way it is game over for PPG mugpunters, the only question is how long will PPG spin out the agony before they put them out of their misery. |
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