Plutus Powergen Share Discussion Threads

[a1m1investor] 10/10/2018 17:24

Price held up very well today!

Less than 3% of AIM were up over 5% today so PPG one of todays top performers. Only 11% were positive today and 48% in the red. AIM market is getting slaughtered last few days so pleasing to see this holding firm. Yesterdays' volatility swing on results will be reversed in no time!

[montynj] 10/10/2018 15:46

Plutus cash flow statement has zero to do with TriadTriad is one of several revenue streams enjoyed by SPV's only that are co-owned with Rockpool and their investors Capacity Mechanism payments kick in next year which compensate almost entirely for the reduction in Triad paymentsThus for both Plutus and SPV's the reducing Triad payments are a non issueHalf million loss was nearly all about cash neutral issues. Thus a non-issue.

[lilah1] 10/10/2018 15:06

Just read the results a bit more thoroughly as per Esmeralda’s post

1: The cash flow statement shows increased negativity from current operations and the company states that income from the Triad (and other incentives) will be lower next year and beyond.

2: The Directors statement suggests that income, in the short term will only cover costs, at best, and that an equity raise is on the horizon.


3: There is little in the short/medium term to suggest this share is anything more than a hold.

4: Taken from the Accounts -The Directors have based their opinions on a cash flow forecast, which assumes that sufficient revenue will be generated for working capital purposes and that operating costs will be kept to a minimum until adequate revenue streams are secured. In addition future plans for the Group will be funded externally through a mix of debt and equity financing, which at the time of signing the accounts had not yet been completed, so no funding as of yet

5: Half a million loss, and 73% of revenue came from TRIAD ( not going to happen any more)

6: Part time Directors taking huge salaries from PPG and with no sector experience at all

7: Imperative that we get a new full time CEO with sector experience

8: AGM Nov 1st, board needs to be made accountable for a greedy, sloppy poor management approach to this business

[isa2020] 10/10/2018 07:58

Almost all the funds received form Management fee going to director's service companies.As they've getting free shares, they shouldn't charge so much.

[nw99] 10/10/2018 06:16

All the best

[1savvyinvestor] 09/10/2018 23:19

The only negative poster I respect is off. I'm pretty sure he is wrong but have to agree pivotal year has not been great ! But we still have several months to go and things could turn very quickly . Shame bmcb is off. Hope he comes back when positive news comes.

[bmcb5] 09/10/2018 22:46

Just read the results a bit more thoroughly. I have to say I largely agree with Esmeralda. Numerous red flags. I think this is indeed a pivotal year for ppg, but it hasn’t been good. Half a million loss, and 73% of revenue came from triad.

I know you don’t want to hear it, so I will stay away for a while. Good luck to you all. I’ll look in for funding news, hopefully it won’t be too long

[pbanus] 09/10/2018 21:59

we see the return of monty, he's had the double whammy of tanking shareprices of PPG and bigdish in recent weeks...how's the mental health faring after all that dude? Bet you wish now that you'd built a second extension when you did the first and sold out of PPG...ouch!

[pbanus] 09/10/2018 21:53

I agree maybesum, you and lilah have been spot on so far with price predictions, down-down-deeper-and-down as the song goes...

[montynj] 09/10/2018 21:30

Very good point, savvy

[maybesum] 09/10/2018 21:21

The share price has further to fall in my view after todays damp squib of an rns. Financing not achieved after a year.....obviously going to take on a lot of debt to achieve it. As for 80% ownership of gas sites a laughable pipe dream meaning profitability yonks away. 0.6p to 0.7p highly likely.

[pbanus] 09/10/2018 20:05

more delusional drivel from 1sloppyinvestor, the way he spins the underachievement anyone would think he's a DIRECTOR! Wake up man, where's the P I V O T A L year gone?!

[1savvyinvestor] 09/10/2018 19:43

completely missed by all the nay sayers is that the diesel sites have serious 15 year contracts for cm. A similar site run by a different company is forecasting £900K income annually post Triad. There is real value in those 6 sites. The market just hasn't seen it because it is so short term. A 20mw gas site will be earning around £3 million a year. When this all starts to go to our bottom line there will be a huge re-rate. Todays price action extremely frustrating but Plutus has a very secure business model as a flexible supplier to the grid.

[pbanus] 09/10/2018 17:49

like clockwork nw99 "buying opportunity", another of the savvybishop puppets springs into life with their deluded mantra...How much did nw99 buy today i wonder? Z I L C H

@chopyead two of the board members should resign, they are completely out of their depth!

[nw99] 09/10/2018 17:42

buying opportunity

[chopyead] 09/10/2018 17:33

But if a deal is cut; they should insist a full time CEO is put in place rather than part time hangers on, simply taking money for doing nothing.

[lilah1] 09/10/2018 17:28

My belief is we will see funding but not until sometime in the first quarter of 2019. In the meantime until we hear good news on that most important point, I see the share price falling further, possibly as low as 0.7 / 0.6

Would be over the moon if I’m wrong

[pbanus] 09/10/2018 17:28

a1m1investor back to his charts and tealeaves...i wonder what time they lock his door in his padded room at night! The more the share price falls the less equity for a placing. Wonder what Chelverton and Paternoster think after their extreme patience...must be wishing they'd dumped some time back now.

[a1m1investor] 09/10/2018 17:20

Looks like a double bottom on the chart to me, hope you all topped up ;-)

[a1m1investor] 09/10/2018 17:18

Ahh good deflecting, not wanting to answer the question eh?? Do you think that the Co won't be able to get funding to build the gas sites? It's a yes or no answer, go on, put your credibility on the line and let's see who's right or wrong ;-)

Lol, I did top up! Toot toot!

[pbanus] 09/10/2018 17:03

yes follow your own advice 1sloppyinvestor, "buy the dip", "top up"!! Where are all these "directors buys" that Bishop predicted????

[1savvyinvestor] 09/10/2018 17:01

it says it's very much un-loved but that can change quickly. This was not a bad RNS. Strange that all the main sells were in the afternoon and especially late.