Plutus Powergen Share Discussion Threads

[lilah1] 28/2/2019 14:04

Why don’t you call them and find out. It’s always posted here that they are only too keen to take calls.

[maybesum] 28/2/2019 12:47

GIVE US DETAILS OF WHAT YOU ARE DOING FOR PPG TODAY....messrs Tattnall, Longley and Lazeric ??? WHAT ARE YOU ACTUALLY DOINGlllllll???????

[maybesum] 26/2/2019 16:45

Coud'nt be a more perfect time to BUY....Bishop keeps regurgitating positive company statements and yet every single time he does that there is one or more big sells.....What are the directors doing for the crazy salaries I and other suckers are paying them. WHAT ARE YOU DOING FOR YOUR RIDICULOUS SALARIES!!!! WHAT HAVE YOU DONE TODAY!!!!

[1savvyinvestor] 26/2/2019 16:30

If I am the seller I'm bloody useless at it!! Right now ? £4k for a million. Not selling. But I'm also not buying more. There are limits!!

[maybesum] 26/2/2019 16:07

Some positive sounding comments from Bishopawn today followed by the usual big sell. Why don't you buy some millions of shares Bishop.......and you Savvy..they are cheap as chips now as you both stated today....or are you both the sellers?

[ph1ts] 26/2/2019 16:06

Yeah, don't rub it in!

[isa2020] 26/2/2019 15:49

No reason to topup, in the very very red.

[bishopawn] 26/2/2019 15:40

2 years ago buying 1 million shares would have cost you £30k. Now you can snapped them up for a mere £4k! But has anybody got any dosh to do so! LOL!

[1savvyinvestor] 26/2/2019 15:10

Bloody charts! 2 years ago selling 1 million shares would have got you £30k. It's about £4K now .

[bishopawn] 26/2/2019 14:28

Agree that the share graph is overdue for a welcome inflection!

[lilah1] 26/2/2019 12:24

I agree but they must surely now come to fruition, Yes?

[rhug1966] 26/2/2019 12:17

Same regurgitated promises

[lilah1] 26/2/2019 11:57

RNS 9th October 2018 nearly 6 months ago. Lets hope we don't have to wait much longer.

Key areas of focus:
If we were permitted, under accounting rules, to include our share of the nine companies co-owned with Rockpool, our net assets would be at least £12.5 million greater than disclosed in the balance sheet. Our share of the profit, as well as loss from the six operating sites, would have added £3.041 million to our turnover and £1.622 million to our income statement.

The Group is now concentrating on the development of gas fuelled power generation. The management team has been working to develop and progress a pipeline of gas-powered sites in which we intend to hold a majority stake, and therefore be permitted to consolidate the income statement and balance sheet into our accounts, providing more visibility of our operations. Typically, a gas site will cost around £12.5 million and it is likely to be operating for between 1500-2500 hours per annum and will normally operate in peak hours and when it is profitable to do so.

Outlook:
We have a robust pipeline, with 40MW being developed in-house and expected to enter planning in the next few months. We have 20MW about to commence development with Rockpool and a total gas pipeline at various stages of development of around 300MW. We are making good progress with financing, as reported above, and we look forward to securing sufficient finance to commence building up our gas sites in the coming few months, on which we will update shareholders accordingly. Therefore, we look forward with increased confidence and certainty in the markets in which we operate.

We are in dialogue with several parties for various forms of finance. Some discussions are more advanced than others, but we have received indicative terms from two parties to date. We believe we are close to receiving further indicative term sheets and your board is working hard to convert these terms sheets into firm offers and thereafter financial close. As soon as this is achieved, we will be able to progress our plans for gas powered peaking sites and the potential profits from these sites will enable us to view the future with confidence. The ultimate sale of the legacy Rockpool interests will, if our valuations are achieved, add significantly to our cash resources and assist in developing the plan for our gas pipeline.

Strategy and financing
With respect to the FlexGen sites, our strategy is, alongside Rockpool, to either sell these or to make an offer for the 55.5% we do not already own, or a combination thereof. The sales process has not yet started but is likely to do so during 2019.

During the year we have received an offer, subject to contract, from an EPC (Engineering, Procurement and Construction) provider for mezzanine loan finance of up to 10% of the capital costs per gas-peaker site. We have also received non-binding indicative terms from an asset finance institution for an initial £25 million. Currently, we are in advanced discussions with various finance providers to provide a suite of financial facilities for the proposed gas sites, which will enable us to enjoy an equity majority of each site developed whilst maintaining our policy of limiting dilution to shareholders as far as possible.

[bishopawn] 25/2/2019 23:54

The fundamentals of our business case remain strong: flexible energy will continue to play a crucial role in the foreseeable future, filling the supply gaps created as a result of the increased use of intermittent energy in the UK energy mix.

Our track-record of developing FlexGen sites, in tandem with our robust development/financial partnership network, places us in a strong position to capitalise on this opportunity.

We therefore look forward to the future with confidence.

THE OUTLOOK, as explained by Executive Chairman on 30th January.

[maybesum] 24/2/2019 21:01

5spvs to declare a profit this week? Wonder what Zac Mir of Shareprophets thinks of ppg now....back in the day he had this under close scrutiny..2.4 to 3+p.Those were the days!

[bishopawn] 22/2/2019 23:37

....as was the fourth trade....and quite probably the first and third.

[bishopawn] 22/2/2019 11:02

I can confirm that the second trade is a BUY.

[ph1ts] 21/2/2019 13:54

I do know how to kick start this co again, but it means me selling out at a huge loss. You will be able to watch it fly then!!!

[ph1ts] 21/2/2019 13:53

I do know how to kick start this co again, but it means me selling out at a huge loss. You will be able to watch it fly then!!!

[lilah1] 21/2/2019 08:46

How does anyone view PPGs cash position?

How near do you think they are to running out of cash?

Will there be another placement if funding doesn’t happen soon?

[1savvyinvestor] 18/2/2019 15:45

nothing new lilah. I'm just hoping that , like you, by then we will have positive planning and funding news. Just sitting and waiting.