Plutus Powergen Share Discussion Threads

[sweet karolina2] 08/1/2021 14:08

Got to use these dead cat bounces to get out if you can

[justtrying1] 08/1/2021 13:48

Locked in as rampers dump but it's fastest finger first

[justtrying1] 08/1/2021 13:35

Wait for the dump

[justtrying1] 08/1/2021 13:34

Dog share placing being done hence why joint broker rns now pumpers are pumping it

[sweet karolina2] 30/12/2020 15:48

czar,

Will any business come in? The clock is ticking - suspension in under 6 months delisting in under 1 year.

What price will the RTO, if it happens at all be done at - I would suggest it would be around 25% of current share price based on what I said above about the value of an AIM shell, however please feel free to explain your rationale behind why you think it would be higher than it is now.

[czar] 30/12/2020 12:40

This will be all about the business that comes in but whatever it is I reckon the price will be higher than it is now.

[sweet karolina2] 30/12/2020 11:27

The going rate for an AIM shell used to be about £200k plus net current assets. I am not sure that is still the case as there is no real difference in costs and timescales between doing an IPO and an RTO these days. IPO on the main market standard list (used to be for secondary listings of companies listed on proper markets abroad, but that changed to allow any old dross to get a new listing years ago) is cheaper and less onerous in corporate governance terms than AIM. Given the potential for shells to have nasty hidden liabilities which come back to bite only after new money has been put in, I really don't understand why anyone would want to play the AIM shell game at all BWTFDIK.

As far as the rogues gallery goes, yes the BoD were there a long time ago. The advisors however are just like the legal council for scum burglars - somebody has to represent them, yes the best can avoid having to, but everyone has to start somewhere. That said I have a very low opinion of lawyers and an equally low opinion of brokers, Nomads and PR flunkies.

[x1000] 18/12/2020 18:41

Glad I got out of my mad punt here. It's current market cap appears to be overvalued. The history of the company is woeful and rhug on LSE appears to summarise it well in his posts.

[2pablo] 15/12/2020 10:02

Well done Peter, can't see any bounce from here, it's a dead ship drifting nowhere.

Excellent rogues' gallery you've posted

[petersinthemarket] 14/12/2020 13:25

2pablo - you are absolutely right. I've put it off long enough. Neither of the two options they set out look viable to me so things can't get any better. I've taken a hefty loss and sold and I actually feel much better with it all behind me. Moving on.

[petersinthemarket] 14/12/2020 11:04

When looking at any future investments,
these are some names to paste into an ''extreme caution'' list

Plutus PowerGen PLC
Charles Tatnall, Executive Chairman
James Longley, Interim CEO and Finance Director
Allenby Capital ( Nominated Adviser and Joint Broker)
Nick Athanas
Nick Naylor
James Hornigold
Turner Pope Investments (TPI) Limited
(Joint Broker)
Andy Thacker St Brides Partners Limited (Financial PR)
Cosima Akerman

[2pablo] 10/12/2020 16:30

petersinthemarket - I would suggest you take what pennies you have left out @ 0.03p. I took the last of mine out @ 0.02p about 6 months ago and was shocked when it rallied (on nothing) to around 0.7p or so.

Take a few pennies now, there will be none later AIMHO

[petersinthemarket] 10/12/2020 16:23

Avoid is good advice for anyone crazy enough to be considering buying in.
However, it is of little use to those of us locked in from way back.
What I/we hold is not worth selling and I guess most, like me, are staying put.
I have written this off, but I want to hang around long enough to see it die.
The BoD of course have again made their money and also retrieved their loans.
Yet one more company and another set of trusting investors successfully shafted.
Why does the City still support them - I am at a loss to understand.

[city analyst1] 10/12/2020 11:30

Private investors would be wise to note the following:

• According to today’s announcement, the company's issued share capital now stands at 5,263,004,994 ordinary shares; a 6-fold increase from the previous level of 873m ordinary shares.

• On October 09, 2020, the company’s BOD advised the market that it had raised gross proceeds of £600,000 at 0.0002p per share. The net proceeds of the placing were £490,000. Of this amount, £275,000 has now been used to settle outstanding director fees and creditors, leaving a paltry £215,000 to deploy towards evaluating suitable reverse takeover candidates and for general working capital purposes.

Now, taking into account the above, the company is currently valued at a staggering £1.7m (5,263,004,994 x 0.000325p); this is a 6-fold increase in the company’s valuation (from the previous market cap of £283,000).

Bearing in mind the company’s current cash balance is only £215,000, this cash shell is currently valued at a whopping 8 x cash levels! Why?

Utterly ridiculous!

For the record, the base value of this company, and incorporating the current cash balance, the 'demerged' entities (the Plutus Energy Investment Portfolio which is valued at £152 on the books but yet to be divested, and Plutus Energy Limited which holds the company’s shares in Attune Energy), is circa £285,000 or 0.000054p per share.

That being said, and considering the forthcoming litigation costs (with Rockpool), the BOD’s fees, and the due diligence-related costs, £215,000 is unlikely to keep the company afloat for another 6 months so I suspect another placing is on the cards – possibly February/March 2021.

Avoid.

AIMHO.

[sweet karolina2] 27/11/2020 17:00

I take it Attis was not the empty shell that PPG will be, if it finds a crab to inhabit it at all.

There should be a full admission document which tells you all you need to know about Helium 1 to then go and do some thorough research. The market clearly thinks H1 is a strong and healthy crab. If I had any interest in investing in Helium (I assume H1 is doing something to produce Helium) then I might be tempted to do some proper research. Obviously I know what Helium is and a few of its uses (floaty balloons and squeaky voices) but beyond that my knowledge is limited. As I don't invest in things I don't understand, I would need to start with getting a deeper understanding of the value of Helium and the supply and demand situation generally before I even bothered to look at a specific producer.

[2pablo] 27/11/2020 10:34

AOGL RNSD 16th Nov :

"Under the terms of the Agreement, on completion of the Amalgamation all existing Attis Shares will be cancelled and Attis Shareholders will be issued with 1 Helium One Ordinary Share at 2.84p per Share for every 236 Attis Ordinary Shares (held at close of business on 1 December 2020), which values Attis at a fixed amount of approximately £1.76 million, representing a value of 0.012p for each Attis Ordinary Share. Attis shareholders will hold approximately 13 per cent. of the enlarged Helium One Group on Admission."

Since the RTO (or amalgamation) announced on Nov 5, AOGL shares have more than doubled to that valuation to 0.026p so m/cap £4m now. Presumably with Helium1 over-subscribed placing at 2.84p, the new shares will probably open well over that price next Friday Dec 4th.

Not knowledgeable really about Helium but I know it's flavour of the month. I suppose this sort of thing is what existing PPG holders must be dreaming of. Good luck to them.

[sweet karolina2] 26/11/2020 19:07

pablo,

Do you know what the AOGL RTO valued the existing equity at? Hopefully Helium will turn out to be a strong and healthy crab. As I have said before there is a whole industry of leaches out there who make money by dressing up sickly crabs to fool PIs into parting with their hard earned cash. One of the advantages to such crabs of doing an RTO vice an IPO is there is already a PI shareholder base who had probably written off their investment who might see an opportunity to average down as overriding the need to do thorough research into the readmission document.

[the stigologist] 26/11/2020 18:37

Yes refreshing to hear someone on the boards who is clearly experienced and knowledgeable and willing to share that. Reminds me of myself so I may be 'projecting' a bit here.

[bmcb5] 26/11/2020 15:04

@SK2 excellent input as always. Thank you.

For anyone who hasn't previously come across SK2, I would recommend reading and digesting their posts, not just here, but across ADVFN. A clearly experienced investor who is happy to share their knowledge. Quite a rare sight on these boards. We're all here to learn, aren't we?

[2pablo] 26/11/2020 11:12

Thanks smcl.

Karolina - re. 'the proposed demerger of Plutus Energy Limited, which holds the Group's shares in Attune Energy Limited and a receivable totalling £ 656,856 in unpaid management fees owed to the Group.' I don't think this will have any value as I think the value of the Attune sites is very little if not negative, and don't think Attune will ever pay PPG the £656k. If anything ever went into the Private Company it would surely not come out again.

I'm not holding any PPG shares any more as decided to take all the loss around March after the failed coup and when the major shareholder opposed to mgmt sold all their 330m shares.

Yes, lessons learned is the greatest thing. With this share it seemed such a steady business compared to exploration, mining etc. I also know someone who WAS very friendly with Chairman Tatnall and invested in Attune. Tatnall and sidekick Langley ruined this share for their own greed taking their salaries while doing nothing worthwhile in latter years.

AOGL, another legacy disaster of mine, is now completing their RTO giving Helium1 their listing. That has the AOGL share price doubling in quick time prior to rto completion. Definitely going ahead now with Helium oversubscribed placing - interesting to see how that RTO goes in the future

[smcl] 26/11/2020 07:34

2pablo

Thanks for your comprehensive contribution without the need to have a go at those who choose to ‘punt’ rather than ‘invest’. Always thought it was a free society.

Self centred attitude prevalent in following posts- hope all stays fine in life for that poster!!