Plutus Powergen Share Discussion Threads

[x1000] 19/8/2020 21:02

Interesting that we were meant to have been out of funds 3 months ago. Maybe the bod have another ruse to get us to a £5m market cap? Why aren't we dead yet?

[x1000] 12/8/2020 20:44

Still invested here Peter? Any sense of where PPG is headed?

[petersinthemarket] 11/7/2020 20:20

I note someone took the trouble to copy my last note on here (#6990- 19june) and post it complete on LSE without mentioning where he/she got it. I don't like plagiarism. Dishonest.

I also note there is a lot of chattter on the lse thread about a possible RTO - anyone got any real info? I don't know where this idea is coming from, apart from speculation.

All comment welcome.
pete

The plagiarist was Amadan who seems to have removed the post and simply said ''same post on advfn'' without mentioning it was mine, and not his/hers. still dishonest

[petersinthemarket] 19/6/2020 09:58

We have had no meaningful news for some time.
The last I saw was the Alliance News item on 1st April 2020 on Morning Star:
Extracts below - full report is on PPG web site:
''PPG said it is low on funds and has decided to stop trying to develop gas new sites and pursue the sale of its current interests...........After a shareholder meeting in January, Plutus and "industry-expert consultants" have been remodelling the economics of potential gas sites with the goal of achieving a "supportable attractive" initial run rate......planned to then take the new models "to potential equity and debt funders of shovel ready gas sites"........However, Plutus was not able to "project or model satisfactory returns from or source funding with those returns". Given this, Plutus has come to the conclusion that pursuing funding for new sites and appointing a new operations team with an operations director is "now untenable" and it has abandoned its strategy of developing gas sites......... Plutus now "has no ongoing operations or revenue generation" but still holds interests in existing flexible energy generation sites, comprising of a 45% carries interest in "nine 20 megawatt co-owned FlexGen companies"..........these interests are currently "being marketed for sale" and will operate independently from Plutus. Any disposal will count as a fundamental change of business for Plutus and would need shareholder approval, as well as turning the company into an AIM rule 15 cash shell.......The board are also currently giving consideration to hiving out the remaining assets of the company, including the interests in the co-owned FlexGen sites, into a newly incorporated private company which would be owned by the company's shareholders on a basis pro rata to their existing shareholding in the company...........Back in January, Plutus signed an up to GBP150,000 unsecured lean facility.............so far, Plutus has received GBP75,000 of this loan, which were used to meet its short-term working capital needs. The provision of any further funds has been suspended given the change in Plutus's circumstances.......With "negligible cash resources" and trade creditors of more than GBP100,000, it needs creditor support "to manage its working capital position". At present, the company is looking at other funding alternatives.''

I find it hard to believe that any commercial investor would put new cash into this.

[petersinthemarket] 05/6/2020 12:46

Haven't we run out of money yet?
I thought crunch time was said to be around may/june?

[lb28] 17/5/2020 18:17

Can’t place under 0.1p. But don’t let the truth get in the way.

[iamgreat1] 13/5/2020 14:32

Placing coming here at 0.04

[bunz3] 13/5/2020 12:06

nice for ncyt
how starting to move

[petersinthemarket] 13/5/2020 11:49

Someone knows something we dont!
Some very heavy trading in last day or two.



(chart courtesy This is Money)

[maybesum] 13/5/2020 11:44

Cor! New posters or multiple aliases chattering away...great time to buy,..blah bla
h...get in quick before you miss out..blah blah. HOGWASH......Pump n Dump as so often with this steaming pile. Straight up and then straight back down..losing the unwary their hard earned cash.

[pbanus] 13/5/2020 10:53

l@@ks like a pump and dump for some longstanding holders to get out of the share

[fur] 12/5/2020 12:12

PPG has discovered the cure to CV19 - diesel fumes from the on demand electricity generators.........

[sapper2476] 12/5/2020 11:22

Two things will likely happen here. 1. An RNS saying we know of no reason... or 2. It will be back to 0.08 in the hour.

[rosco230667] 12/5/2020 11:21

Finally a share you like is this one not going to damage your beloved PI when they get spiked hypocrite

[bubsy2] 12/5/2020 11:18

News must be due could b very good

[littlepuppi7] 12/5/2020 10:54

Time to move to JKX. Not ridden the oil price rally at all yet, Unlike here, no debt, p2 reserves over 100m and 10,000 boepd production. Probably the biggest bargain out there at 30m mkt cap..15m USD in the bank at last count and NO DEBT. Not many shares avaliable at the current low price so should move pretty swiftly... Also hold a 10% stake in UNB, Ukraines biggest O+G producer probably worth 30m plus....

[daar] 12/5/2020 10:50

Lol look who is ramping

[iamgreat1] 12/5/2020 10:41

Look at the volume compared to any other dayDo you think all theee people suddenly decided to buy it

[smcl] 12/5/2020 10:40

In your opinion with nothing to back it up!