Plutus Powergen Share Discussion Threads

[lilah1] 17/2/2019 09:04

So what news do you think they will have by then?

[1savvyinvestor] 15/2/2019 20:23

Absolutely and very responsive they are too. They know I am massively disappointed in the share price and they share the frustration. Try emailing the chairman . He will be happy to talk . They are presenting again at investor show in April . They are hoping that they will have more to share with investor public then as last year there was interest but with lack of substantial news afterwards the share has been shunned by investors and traders . These things can turn in an instant .

[pbanus] 15/2/2019 18:04

Lilah, you should ask yourself why so much money gets written off as "pre-planning project expenses" - very odd. Don't they learn from their pre-planning mistakes or is there something else happening here? 2017 figure was £236,164. Why don't you post up what 1savvyinvestor sent you via a private message? What's so secret about PPG that he can't post it publicly, and how come he's privy to this information ahead of others in the first place?

[lilah1] 15/2/2019 14:47

Marvin if you believe and you have whatever proof you need, that the directors are involved in illegal activities, please go to the FCA (not FSA)and deal with it in the correct and professional manner that it should deserve. If you don’t, You are as bad as them. So do something about it or shut up.

[marvinridesagain] 15/2/2019 13:36

PPG has been sucked dry by its directors; never been nothing more than a cash cow, just like all his other cash cow companies.

FSA?

[lilah1] 15/2/2019 12:26

I agree that their client liaison is very poor indeed.Please have a go at getting some dialogue going as confidence is very low.

[petersinthemarket] 15/2/2019 11:27

I would say that 600% is already a long way to come back from.

Just a thought. Has anyone here tried asking the BoD a few (respectful) (non-market sensitive) questions? Any assurances might provide a stabilizing factor. In fact, any sort of dialogue would be helpful, if only to confirm that they are not all now living in Belize on our money.

[lilah1] 14/2/2019 21:57

No news on funding the lower the share price. If we are waiting months for funding, one, there is something seriously wrong with the opportunity & or the deal making skills of the management are very poor and uncompromising, two, all of which will result in a share price as low as 0.001. That’s a long way to come back from

[1savvyinvestor] 14/2/2019 21:23

The only view I have is that we simply don't know . That is why share price languishing. Positive posts and negative posts are all speculation until we hear something concrete

[pbanus] 14/2/2019 20:00

oh what knowledge 1savvyinvestor has about the internals of PPG, and so offended and quick to bite back when anyone casts an aspersion against his beloved plutus, anyone could be forgiven for thinking he's a director...Whether PPG or Rockpool took out the debt it matters little, if the debt is recalled the asset will need to be sold at a distressed value to replay the loan and with it any equity in the diesel sites will evaporate....glug glug glug...

[lilah1] 14/2/2019 17:57

CM is not going to be sorted any time soon. April time has been mooted as the earliest but I wouldn’t bank on it. I expect at least another 4 to 6 months will have gone by before its sorted. These things always take longer than expected

We may see funding in place for a couple of gas sites soon but on the grand scheme of 200MW funding, I suspect we are still some time off. To achieve this funding (debt & equity) we/Rockpool will have to have sold the Rockpool sites, so enabling PPG to use that money to negotiate the best terms it can In each gas site. The sale of these sites to enable funding won’t / can’t happen until the CM is sorted, so I fear it’s going to be a long old wait, possibly even a world record in the making (a wait of two years or more for funding to be in place) I suspect our holdings in these SPVs will be in the region of 50% to 51% not the 80% once eluded to in past RNSs

Anyone have any views on this

[a1m1investor] 14/2/2019 17:47

Of course they took out debt, how else did they finance it?

[1savvyinvestor] 14/2/2019 17:24

Ppg didn't take out the debt !

[a1m1investor] 14/2/2019 16:57

The main worry now has to be that with material changes to the SPV income source from the ECJ ruling, that the debt PPG took out to fund the SPV's will get recalled and then the Co might really face going bust if that happens. I'm pretty sure that there will be caveats in the loans about what could happen in the event of material changes to the business case/income and if the lenders decide to call in the debt then it is a real concern about how PPG could survive that.

[a1m1investor] 14/2/2019 16:45

It is price sensitive and material information to PPG so absolutely should be RNS'd. It is irrelevant whether it is known throughout the industry and affects more than just PPG. I just can't abide by dishonest behaviour, how can the Co honestly say it knows of no potential reason for the drop after an ECJ ruling is announced that immediately bans a large portion of the SPVs income.

[1savvyinvestor] 14/2/2019 14:56

Can't argue with severity of the drop!! My point was that spv sites will be running right now . Gas sites will be year round. Share price will only respond positively if doubt s are removed . Aim1 ; I just want to point out that ppg announced the removal of triad and it trashed the share price cm is not definitely gone and everyone who follows the industry knows about this issue . Therefore it is not surely a company specific event and an rns is certainly not required . Let's not quibble over this . Many of us are sitting on losses and hoping for a reversal in our fortunes!! It could be worse - I could be invested in mtfb !

[petersinthemarket] 14/2/2019 14:42

Sorry you don't get my logic. I merely meant that ppg services are even less needed in the Spring and Summer months and look where we are right now.

So, let me explain my point a different way.
2.6p down to 0.42p in 18mths. A climb of 600% to make that up. Likely or unlikely?

Is it due to the mkt or to the managers? Does it really matter which? We are where we are. I am sorry for anyone stuck with large volumes of PPG. But imo they do at least deserve an honest appraisal of the company's true situation.

[a1m1investor] 14/2/2019 13:54

"Main driver of share price at the moment is doubts about the 15 year CM contracts"

So you also believe that PPG should have made an RNS announcement re the ECJ judgement as it is price sensitive info?

[1savvyinvestor] 14/2/2019 10:06

Don't get your logic! Attune for winter 2017-18 showed a big increase in revenue. We don't have figures for this winter obviously!! New gas sites will be merchant sales, assuming they ever get off the ground. It is a waiting game for investors but PPG could turn in a moment. Main driver of share price at the moment is doubts about the 15 year CM contracts. Allied to that is uncertainty about when funding news will drop. One makes an investment decision on whether these two issues will be resolved in a way beneficial to Plutus.

[petersinthemarket] 14/2/2019 08:31

If the answer is the obvious answer, that presumably means that there will be even lower rev/pbt generated during the summer months, the period we are now approaching.
Not much of company, this. As a holder I am not hopeful, but also not worth selling out either. Might as well just forget this and come back in 5yrs to see if there is any value left. Best of luck guys and gals.

[1savvyinvestor] 13/2/2019 16:19

Simple answer is that for current diesel sites 90% is winter income . For the proposed gas sites they will be year round.

[2pablo] 13/2/2019 15:33

Is it darker, is it colder???

Obvious I'd have thought

[petersinthemarket] 13/2/2019 13:53

Do you guys consider the services of ppg to be in more demand during the winter months than other times of year?

[petersinthemarket] 13/2/2019 10:45

I must learn to take more water with it!

At first glance I was sure you wrote:

''...the accounts of the other five spivs will show on companies house soon.''

And nothing would surprise me here.