Plutus Powergen Share Discussion Threads

[gspanner] 29/9/2016 18:22

Remarkable!

[bishopawn] 29/9/2016 14:05

Here are a couple of snippets from directors' statements included with the Final Results earlier this month:

"A crucial part of our next phase is the ability to fund new sites. With that objective, the Company is in the process of launching a bond to be listed on ISDX to raise up to GBP4.0 million. It is planned that the proceeds from this bond will assist PPG in building out its next three to four 20MW sites, providing us with the funds for our equity share of each of these projects and giving us flexibility in the funding mix for each of these sites. We continue to negotiate with other prospective partners for funding of further sites."

(Chairman: Charles Tatnall)

"As Charles outlined in his review, we are in the process of launching a bond, through which we are aiming to raise a gross amount of up to GBP4.0 million. The net proceeds of the bond issue, alongside our existing cash resources, will be used to finance three or four additional 20MW FlexGen or SolarFlex sites, in which PPG will own an 80% stake."

(CEO: Phil Stephens)

[bishopawn] 29/9/2016 13:57

Will we go blue today? Nice to see all the buys trades, revealing a good degree of confidence even in the face of the Bristol debacle.

[1savvyinvestor] 29/9/2016 08:25

I think the reason is that people are looking very short term and the mms are very happy to play that game all day

[gspanner] 29/9/2016 08:17

The double capacity facility agreed in Norwich had no effect on the SP, so not surprised to see this dropped like a bomb over half as much!

[1savvyinvestor] 29/9/2016 07:47

From what I hear meeting was again a farce. Bristol holds itself up as the 'green city'. I hope they have power cuts this winter !!

[susiebe] 29/9/2016 07:08

Think they are still very confident of getting the Bristol one.Hope the appeal process will be straightforward though.

[nw99] 29/9/2016 07:05

Plenty more planning permissions in the pipeline

[folderboy] 28/9/2016 13:46

Anyone any idea when (and how) we might hear of the Bristol planning decision?

[bishopawn] 26/9/2016 15:26

The Plymouth site within the Ernsettle Industrial Park is all prepared and complete now to receive the green diesel generators which are currently in the final stages of pre-instalment check-over in Leeds. These should be in place and installed by mid-October I understand, which neatly fits in with the recent statements about such timelines within the Final Results RNS. This will be the first site to "go-live", signifying a new next phase for Plutus, after this past quiet year of consolidation.

Between now and the 1st of November deadline for the Capacity Market applications, Plutus could have a significant number of applications. Instead of having to wait until 2019 to benefit from this arrangement, I have heard that the Government has now brought that forward to 2017, which from our point of view is much better.

We await news on funding, which should be interesting when we can see the details. As has already been said, this is the worst time to be "out" of the shares, and topping up would be a much smarter tactic, given the point we are now at.

[1savvyinvestor] 26/9/2016 14:26

Hold firm. Getting out now is absolutely the worst decision you can make. Top up if you can ! Do your own research of course!! But a raft of announcements coming

[cossie] 22/9/2016 11:04

from B16 on the LSE

OFGEM - DEFRA

"Looking likely to be good news on this front, Gov seems to taking power requirements seriously now (hinckley etc) and word on the street is that the defra and ofgem consultations look likely to be kicked down the road now as gov realising the need for diesel back up generation. Also been some good technical developments in diesel generator emission reduction and appears the book has flipped so to speak and it's now the gas boys that getting concerned about they're ability to compete. So i'm more confident that the regulatory risks are significantly reduced than i was a month ago. It's now down to plutus to get the show on the road"

[bishopawn] 19/9/2016 08:49

There again, no need to sweat the small stuff; better to let the weak holders go earlier rather than later.

[bishopawn] 19/9/2016 08:43

Agreed. Could be worst timing ever with a raft of news imminent this month, quite possibly this week. I may be tempted to buy some more this afternoon...

[1savvyinvestor] 19/9/2016 08:29

Anyone selling today is insane!

[bishopawn] 16/9/2016 12:18

No comment....time will tell whether I am or am not...."Gossip, unlike river water, flows both ways" (Michael Korda)

[yasz] 16/9/2016 09:36

Bishopawn

'Rumours abounding at the moment from different angles that next week could be very newsworthy'

Really, where did you hear these rumours or are you just ramping ?

[montynj] 15/9/2016 16:07

What the Daily Telegraph reports is that Electricity prices climbed to RECORD highs yesterday..."industry sources last night suggested that National Grid was close to having to issue an emergency alert to call for more power with fears demand could outstrip supply"

[cossie] 15/9/2016 14:49

Heatwave adds to pressure on UK power networks

hxxp://www.bbc.com/news/business-37368408

UK wholesale electricity prices for the day ahead shot up as a heatwave in some parts of the country helped push up the demand for power.

The price has jumped from around £40 per megawatt hour to almost £200, the most expensive in a decade.

Demand from cranked-up air-conditioning comes on top of a lull in wind power and gas and nuclear power stations going offline. Gas power stations provide over half the UK's electricity. The day-ahead price of electricity, the amount generators charge to put power into the UK network the next day, has rocketed in the past two days. Power stations put electricity into the National Grid's network and it is sold on to household energy suppliers. Around a tenth of UK electricity is bought by suppliers at the day-ahead price. Wholesale electricity costs make up just under half of household electricity bills.