Share Name Share Symbol Market Type Share ISIN Share Description
Plutus Powergen Plc LSE:PPG London Ordinary Share GB00B1GDWB47 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.025 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 1.28 -1.65 -0.22 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.025 GBX

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Date Time Title Posts
11/6/202116:39Plutus PowerGen (PPG)2,745
08/6/202120:01Research note11
25/6/201819:29Plutus Powergen38
25/6/201819:29Plutus Powergen - A great growth story49

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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 0.03p.
Plutus Powergen Plc has a 4 week average price of 0.02p and a 12 week average price of 0.02p.
The 1 year high share price is 0.11p while the 1 year low share price is currently 0.02p.
There are currently 5,263,004,994 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Plutus Powergen Plc is £1,315,751.25.
sweet karolina2: Prediction 1 Relisting, if it happens at all (odds are 50/50 given DD is still to be done - note DD is 2 way ie PPG advisers on BC and BC on PPG and the odds don't change until there is an announcement that DD is complete) won't be until November at the earliest. Nige say in the next few weeks not months. First update on 12 Aug when we will know if nige was right or wrong. Prediction 2 The RTO price ie what PPG shares are valued at when exchanged for BC shares and the price at which the fund raise is done and therefore the price at which the convertible debt will convert will be no greater than 0.005p yes 5 thousandths of a penny. Nige says 0.045-0.78 - anyone who know anything knows nige is wrong already because what he is effectively saying is the PPG shell is worth more than BC. Prediction 3 there will be a consolidation of at least 500:1. nige did not say anything as he probably does not know what this even means. Prediction 4 current shareholders will own no more than 5% of the new company. Ie total number of new company shares post everything > 105 Bn shares pre-consolidation. nige did not say anything because he has no idea how RTOs work Prediction 5 1 year from relisting the share price will still be below 0.02p adjusting for the consolidation. Ie If you had put all the money spent on buying PPG shares over the last year/month/days into a bank deposit account you could still buy far more shares in the new company a year after relisting than you currently have. You would know exactly what you were buying then and you would have avoided all the risks of losing everything you currently have. nige says "i am confident we are on a very big ride up in the next few years.its not all about the cash its about investing in and seeing that investment grow into a substantial amount we/you/me/them have contributed to over the last year/month/days" If any of you want to admit what your average price paid over those years/months/days is, when we know the prices above, because they will be the opening price when trading recommences (if it ever does), I will work out how many times it would need to bag from there for you to break even. It will probably be double digits. Let's see who is on the button and who is a mugpunter on drugs. nige says "hang tight" I say you have no other option now. smcl says it's all just opinions, which anything which looks to the future is. However some opinions, ie those from people with years of experience who justify their opinions with sound analysis, are worth listening to before it is too late to do anything (which it is now). Whilst those of mugpunters who clearly don't have a clue about how all this works in the real world, rather than their fantasy world, are worthless.
sweepie2: What does PPG offer except the clean shell on AIM? You are probably right at that low figure I am always optimistic so will go alittle higher but something is better than nothing.
sweet karolina2: As I have been saying all along, what matters to PPG holders is the price they pay for the empty shell. All that Ben' Creek is buying is the AIM listing which is worth around £200K. Interesting that they waited until the day of suspension anyway to announce this. Yesterday's mugpunter buying was probably based on a leak and stupidity of those buying in order to lose 80% of their money. "At this stage, there can be no guarantee that the Proposed Transaction will complete nor as to the final terms [80% loss is best case] of the Proposed Transaction." If current shareholders don't like the price then they can reject it at the EGM and get nothing.
nige223311: what is go'in on,national grid will not be able to keep up demand for electric powered cars,so a lot of cat+mouse go'in on with plutus share price.this is not the end but this is the start of a mammoth rise to come and maybe over the next few days.hang on in there the time will come with huge share price rise.
sweet karolina2: If there had been any agreement at all on an RTO then the shares would have been suspended before now - that's the rules to prevent manipulation of the price, which does not actually do shareholders any favours anyway. The last 2 days have all the hallmarks of a classic pump and dump operation. Anyone thinking about reversing in to PPG which is just a shell with virtually no cash would not be wanting to pay more than £200k for the shell, spikes like this just deter potential users of the shell. Anyone buying in on RTO rumours, if they turn out to be true would be locked in when the share suspends and then find the RTO and placing price is way below what they paid. Anyone buying in on false RTO rumours is just handing their money to the pump and dumpers. The clock continues to tick with about 3 months left before PPG suspends on time out and then delists after a further 6 months. The opportunities for pump and dumpers to rip off mugpunters using this uber dog are running out, but AIM always has plenty of uber dogs for the pump and dumpers to play with, do mugpunters have the cash to continue to just moronically hand it over?
sweet karolina2: pablo, An RTO is defined as any transaction where what comes in is bigger than what is already there. As there is nothing there, what comes in has to be bigger. The way the RTO would work, if it happens at all, which is unlikely but not impossible, is PPG will issue new shares at a price that values existing equity at about £200k plus net current assets and values whatever is coming in at a fair price. Normally the point of reversing into a shell is to get a listing and raise money. Part of the readmission process involves the new company having enough money to achieve its programme and cover admin costs for at least 18 months. The cost of doing an RTO and readmission document is around £300k in fees and the placing that goes with it will have broker commission - normally about 5% of what is raised. If the placing does not happen because investors don't want to put up the money the broker gets nothing, but some of the other fees are still payable. Some can come out of the placing, but given the uncertainty some will need to be covered from pre-existing cash and that is why a placing is needed ahead of the main RTO placing and it needs to be done whilst PPG is still trading (under 5 months to suspension). The reason why the RNS was released saying no reason for rise and we need to raise cash is to get the shareprice back down, otherwise nobody in their right mind would buy into the first placing unless it was at a 90% discount. The really smart way to play this is not to play at all and if you do hold to use fools rises like this to get out. If an RTO does get announced then the shares will suspend whilst a readmission document and all the DD is done. If at that point you like the sound of it, then contact the broker and ask to take part in the RTO placing, you will get all the documentation so you can do full research before you are committed and you would definitely get back in at a much lower price than you sold for.
2pablo: Didn't see PPG made two RNS's on Thursday, the second saying they didn't know of a reason for the rise in the share price and they had enough money but wouldn't mind raising a bit more to assist in any RTO. Surely the way an RTO would work is that a decent Private Company would want PPG's listing and would reverse into PPG. They would be paying PPG by buying out it's shares. However, I'm confused, I copy below something from PPG's rns on Oct 9th : "Following the Demerger, the Directors consider that there is an opportunity for Shareholders to realise value through the Company completing a reverse takeover of another business. The Directors will use their knowledge and experience to seek to identify a suitable reverse takeover target. There can be no guarantee that they will be able to identify or successfully acquire a suitable reverse takeover target during the period that the Company is a Rule 15 Cash Shell or thereafter." This latter seems to infer PPG will takeover another business but I can't see how that would be a 'reverse takeover'. Any thoughts on the idea/process anyone? I realise it's all b*ll*cks and almost certainly Tatnall will achieve nothing
sweet karolina2: 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.
2pablo: 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
gretagarbo: This is the only bit that shareholders need to read. The board's defence is waffle at best and defamatory at worst. Dear Shareholders Introduction We are the two largest institutional shareholders in Plutus PowerGen plc ("PPG" or the "Company"), with a combined holding of in excess of 9%. We are highlighting here our concerns about the Company and explaining the background to the requisition that we have recently served. As institutional shareholders, we consider that it is only right and responsible for us to take an activist approach where we consider that circumstances are such that drastic action is necessary. We have done this because we believe that there are now limited options to preserve shareholder value in a situation where the Board is unwilling to accede to, and/or dismissive of, wholly reasonable shareholder demands. In summary: -- the Board has rejected numerous approaches by us over several months aimed at providing improved financial performance, governance and expertise to PPG; -- the Company's shares have fallen by over 93% since early 2018; and -- the replacement of the Board is the only way that the Company will be able to raise sufficient funds to survive and have a viable chance to thrive. We therefore believe that the only way forward now is for us to seek to remove the existing board in its entirety, appoint David Horner, Nicholas Lee and Nigel Burton (each of whom have consented to act as directors of the Company) to the board, and to reinstate Paul Lazarevic as a director. Paul being the only recent board member with the relevant sector experience. Whilst we regret the need to deal with this matter in the public arena, we have made no progress dealing privately with the Board and therefore cannot see any alternative but to approach shareholders directly to support us. We are aware that the sector in which the Company operates has recently been difficult given the issues with the capacity mechanism ("CM)") and the phasing out of the triad payments. Whilst we were pleased to learn that CM is to be reinstated, in the short term, we do not believe that this does anything to help the Company's current financial position. We remain very concerned about the complete lack of any progress by the Company over the last two years and the serious weakening of its financial position. Our concerns We list below a selection of our concerns that have come to light over recent months: -- PPG has lost its management contracts with Rockpool Investments LLP ("Rockpool"), which were the Company's only source of income, amounting, we believe, to over GBP500,000 per annum. Also, this apparent breakdown in the Rockpool relationship does not bode well for the proposed development of the Company's first gas site with Rockpool; -- there is a lack of cost control with administration costs appearing to be very high given the scope and scale of the Company's operations. The GBP500,000 raised from the placing in November 2018 has been spent when financial prudence should have been observed and administration costs reduced; -- the Company failed to get planning approval on the site in Devon which is a blow given the excitement and expectation when it was first announced; -- the potential funding for the gas sites does not seem to be any further forward; -- Paul Lazarevic, the only board member with any relevant sector experience and important relationships within the sector and the person responsible for operations has now left the Company so, in our view, the current board is no longer fit for purpose; -- PPG's share price has fallen significantly since early 2018, at one stage reaching 0.11 pence, valuing the Company at around GBP960,000; -- the Company appears to be very short of cash - on 30 May 2019, it announced that, as at 30 April 2019, it only had a cash balance of GBP64,000 even after the GBP500,000 placing in November 2018. Now it would appear that the figure at that date was in fact lower still at GBP45,177 - the current cash balance must now be almost zero. Given the Company's recent share price performance we believe that the current team will struggle to raise new funding; -- the recent publication of the Company's results for the year to 30 April 2019, moments before the deadline to avoid suspension in trading of the Company's shares, has done more to heighten our concerns as opposed to allaying our fears; and -- the Company's financial situation and prospects have now clearly deteriorated further since its year end as a result of the loss of the Rockpool contracts. The Company's auditors appear to agree with this analysis, stating that the Company will need to raise new working capital and including a material uncertainly paragraph within their audit report. The way forward We are confident that PPG does have the potential to do well in what will ultimately be an attractive sector, however, we believe that there is an urgent need to change the board in order to secure the Company's survival. The proposed new directors have the relevant experience and access to capital in order to stabilise, refocus and grow the Company. Furthermore, we believe that a new board will provide all stakeholders with renewed confidence in the Company which may even enable the Company to encourage Rockpool to consider the reinstatement of the management contracts. Interestingly, once our requisition to effect change was announced by the Company, the share price rebounded from a low of 0.11 pence to 0.165 pence, an increase of some 50%, thereby confirming investors' appetite for change at the Company. Action to be taken In summary, we strongly urge shareholders to vote in favour of the resolutions that will be proposed by us at the forthcoming general meeting of the Company as we believe that this is the only way for shareholders to take affirmative action with a view to protecting our investment in the Company. Yours sincerely David Horner Nicholas Lee Managing Director Investment Director Chelverton Asset Management RiverFort Global Opportunities plc
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