Share Name Share Symbol Market Type Share ISIN Share Description
Plutus Powergen Plc LSE:PPG London Ordinary Share GB00B1GDWB47 ORD 0.1
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.145 500,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.13 0.16 0.145 0.145 0.145
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 1.35 -0.57 -0.08 1
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:24 O 500,000 0.158 GBX

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Date Time Title Posts
05/12/201914:56Plutus PowerGen (PPG)2,635
25/6/201818:29Plutus Powergen38
25/6/201818:29Plutus Powergen - A great growth story49
25/6/201818:29Research note9

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Plutus Powergen Daily Update: Plutus Powergen Plc is listed in the Electricity sector of the London Stock Exchange with ticker PPG. The last closing price for Plutus Powergen was 0.15p.
Plutus Powergen Plc has a 4 week average price of 0.09p and a 12 week average price of 0.09p.
The 1 year high share price is 0.60p while the 1 year low share price is currently 0.09p.
There are currently 872,534,994 shares in issue and the average daily traded volume is 741,515 shares. The market capitalisation of Plutus Powergen Plc is £1,265,175.74.
1renard: Ok ; I've been researching the proposed new board. It is clear to me that in order to create a requisition they had to have current shareholders taking over 5%. Riverfort and Chelverton have about 10% so were the drivers behind the requisition. What we do not know however is where the other support comes from and they must have some evidence of major support from somewhere otherwise they wouldn't have bothered. We will have to wait to see some sort of letter and proposal before we get a clearer idea of what they intend for the business. I expect Tatnall will spout his usual rubbish about new board diluting the shareholders!! What is more diluting? raising money at a given share price or running a business so badly that it loses 95% of its value over two years. Give me limited dilution any day!! David Horner clearly has access to deep pockets and I would view as a "safe pair of hands" and someone who is scrupulously honest. Nick Lee was hugely criticised for selling about 1/4 of his holding in Plutus a couple of years back. He did the right thing and probably regrets not selling the lot. I agree that Paternoster did not do well but a large part of its failure was down to Plutus collapsing . Dr Nigel Burton ; Chairman and NED, with over 18 years' experience as CEO/CFO/Finance Director. Previously CFO/FD of two UK AIM listed companies (Granby Oil and Gas 2005-08, WILink plc 2000-04) and three private equity backed ventures (Navig8 Product Tankers 2015, PetroSaudi Oil Services 2011-14 and Advanced Power 2008-10) and CEO of AIM listed NU-Oil and Gas plc (2015-19). NED of Digitalbox plc Strong City links and proven fund raising ability in both private and quoted sector including successful IPOs and project financings. Experience includes Non-Executive Director roles in software, energy and online retailing businesses. Over 14 years experience of Stockbroking and Investment Banking at leading City institutions including UBS Warburg and Deutsche Bank, principally focused on the energy and utilities industries. Chartered Electrical Engineer, President of IET (Europe's largest professional engineering body) 2010-11. Specialities: Finance, IPO, fund raising, Energy I am looking forward to the letter accompanying the requisition to see just how they are going to breath life into this mismanaged opportunity.
bishopawn: As I say, let's wait and see what happens and the share price will do the rest.
bishopawn: Let's wait and see. Let the share price do the talking. Better to be IN than OUT at this stage, IMHO. Lots of potential at this price, I do believe. OFGEM could tranform prospects with reinstatement of CM and then of course the much awaited large funding to gas-powered generation sites that Plutus have been planning for some time now. Must be at an advanced stage of negotiation and decision-making now before entering the autumn and winter season. It would be great timing to get building some gas generation sites this autumn in time to benefit from a long cold winter with lots of anti-cyclone weather systems with their high pressure/no wind scenarios producing bitterly cold nights in clear skies and NO WIND for days and days on end.....National Grid desperate for back-up power from the likes of Plutus. A very profitable winter in prospect for Plutus. Good look to all a'bord the good ship Plutus as she sets sail for another busy winter.
bishopawn: Interim CEO, James Longley commented, "We are pleased that were able to respond under the FFR scheme whereby our FlexGen projects automatically switched on when the frequency dropped below a certain amount. The situation on Friday demonstrates the vital service that flexible power generators, such as Plutus PowerGen, play in circumstances such as this. Back-up power generation cannot be provided this quickly by conventional generators or necessarily by intermittent power such as wind or solar. With the changing energy mix, it is the national interest to maintain back-up power generation. We welcome the Government's and OFGEM's investigation into what happened and how the crisis was addressed by operators such as us." ------------------ Irrespective of whether or not the UK frees itself from the shackles of the European Court of Justice and its red tape for the Energy Sector, there are now TWO investigations going on SIMULTANEOUSLY into the fiasco that took place on Friday with the collapse of power nationwide with very serious consequences for the general public. THE GOVERNMENT AND OFGEM cannot fail to recognize the important contribution that the likes of Plutus Powergen make to the energy mix in the UK. Overnight CM could be back and transform the business model and a suppressed share price could turn on a sixpence in such 'volte face' by the OFGEM, which surely now has egg on its face as a result of Friday's farce. Of course, the gas powered generators that Plutus is seeking funding for is another part of the market, offering merchant sales and more continuous production of energy for the Grid and therefore more lucrative. If we got the restoration of CM, the value of the Rockpool sites would be enhanced considerably and in turn enhance the value of Plutus (because of its share in those sites). The realization of that investment would be concrete, if the Rockpool sites were sold and they would be more appealing to a potential buyer, if CM was back in town. Any of the above have the potential to move the share price back up to 2 pence for starters and then some, in my opinion. As I say, "it could all turn on a six pence". So better to be IN than OUT at this stage of the game. But very understandable if people prefer to view from the sidelines rather than be on the pitch until the results of the Government and Ofgem investigations are made public and the likes of Plutus Powergen get the recognition and remuneration they deserve. But when that happens, it will be too late to get the shares this cheap.
bishopawn: 14/11/2018 RNS Raised £500.000 with issue of 83 million shares at an 11% discount to the closing mid-price of 0.675 pence, and at the same time stating that…. “The Company has a strong track record in the power generation arena, having already developed six operating 20MW FlexGen sites to date, and is making a strategic shift to the development of higher margin gas operations, in which it will hold higher equity interests. The Company has a substantial pipeline of over 300MW of gas assets and is also advancing two 20MW gas powered generation sites in-house which, it is estimated, will run on a merchant basis for between 1,250 and 2,500 hours per annum. Whilst these projects are well advanced and shortly due to enter planning, they require further working capital to complete. The Company is also aiming to pursue two further 20MW sites, which the Board estimates will cost between GBP600,000 and GBP1 million if acquired from a third party.” 21/11/2018 RNS Rockpool Investments LLP ('Rockpool'), has purchased a 20MW gas-powered FlexGen site in Medway, Kent, with planning, connections, an option to lease and Capacity Mechanism from Reliance Energy Limited. As previously outlined, the Company's strategy is to develop higher margin gas operations going forward. To this end, this Medway plant will be the first gas-powered FlexGen site developed by the Company; under the terms of its agreement with Rockpool, Plutus will hold a 44.5% interest in the project. The Company has a pipeline of other gas sites, potentially more than 300MW in aggregate, which it intends to develop with a majority interest. Plutus' acting CEO James Longley said, "We are delighted to be advancing our strategy to move into the construction of higher-margin gas-powered FlexGen sites with our first project in Kent soon to commence development. We have an historical relationship with Rockpool that has successfully developed multiple sites across the UK and we look forward to continuing this as we develop Medway. Furthermore, discussions are continuing to secure funding for additional majority owned gas sites across the UK and we look forward to updating the market on our progress." 26/11/2018 RNS The Company stated that there was no operational or corporate reason to justify the drop in the share price. 28/11/2018 RNS Plutus announces that it has today been notified that Charles Tatnall, Executive Chairman of the Company, yesterday purchased 5,000,000 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 0.49762 pence per Ordinary Share (the "Purchase"). Following the Purchase, Charles Tatnall has a total beneficial interest in 80,500,000 Ordinary Shares, representing 9.75 per cent. of the Company's issued Ordinary Share capital. --------------------------------- Stringing all those announcements together, it would be reasonable to deduce that there is a robust plan which is at an advanced stage/process of implementation and that the current share price is way below what it should be. Of course, the Market is not solely driven by logic and what is needed here is a turnaround in sentiment among potential investors in this sector.
1savvyinvestor: 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 !
chopyead: Monty, if that comment was meant for me then my answer is; I am under no illusion PPG presented a gullible story and I fell for hook line and sinker. I can only respond to facts not fiction, the share price and results do not lie. Like it or not, PPG are on the brink of going bust within the next 6 months due to its part time greedy directors who are milking PPG dry. Why else do you see the share price performing so poorly? Why else do you see funny calculations within the results? What have the part time directors being doing for the last 6 months apart from Milking PPG? On and on, so over to you. What one liner positive statement can you post; made by the part time directors in the results that benefit share holders and the share price ??? Forget the maybe or possible fantasy; just one actual positive fact?
pbanus: @a1m1investor, "so I'll maybe lay off them for a bit" problems with the eyesight old man? PPG isn't 30%+ ahead, the share price was lower on Friday, why take daily, weekly or monthly intervals, why not take 15 second intervals in the share price and you might find even more variation in the share price. Yes come on buy some more, "top up", "buy the dip" with your misplaced confidence. Where's the TR1 you said would be coming? Why don't Chelverton or Paternoster buy more shares at these bargain levels? ARF ARF!!
marvin9: Why are you comparing Green Frog to PPG lol Green Frog have a CEO who is active in promoting the company and successful! PPG has a free rider CEO who is doing nothing but drink champers? I have more knowledge than you ever will of the activities of PPG and its lazy CEO. Its all in the share price petal, no matter how you try and ramp pump and dump PPG. My alleged ramblings will never ever be as boring as the performance of the CEO at PPG LMAO! Just look at the share price lol, its pityfull! He aint fit for purpose and should go and make way for someone who can, he is useless, historically! Now go to bed and think of another pathetic ramp for tomorrow lol; end of the day; the share price says what the market thinks of your pathetic CEO and his forward thinking of PPG; in short clueless free rider so get rid!
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