Plutus Powergen Share Discussion Threads

[nw99] 02/10/2017 09:27

Nice 250k buy

[1savvyinvestor] 02/10/2017 08:50

I think it's getting a better balance between investors and traders. Traders like basem certainly create liquidity and longer term investors show no sign of cashing in. So ; basem - I'm happy for you to buy and sell all the way up to 10p!! Let's see whether you get your 2.15 entry!

[basem1] 02/10/2017 08:36

And still they sell, I've an order in at 2.15 having exited last time at 2.45 for a tidy sum.

[nw99] 02/10/2017 06:18

15p wow that's amazing thanks

[montynj] 01/10/2017 23:00

That article clearly implies massive upside potential for our PPG. The more I study this business the more I realise how much this stock is under the radar still. Over the next 12 months PPG should be north of 15p easily and that is only the start of the potential....exciting times ahead!!!!!!

[1savvyinvestor] 01/10/2017 09:17

Clearly not yet!! But maybe people will start to see the potential goal here . By 2020 we could have over 500mw . Wouldn't surprise me if we were circled far sooner than that!

[cossie] 01/10/2017 08:28

and the market cannot see this with PPG?

[1savvyinvestor] 30/9/2017 12:41

So ; if PPG is the success that we believe is possible then 10 gas sites would be earning EBITDA of about £25 million by 2019. This on top of 9 Rockpool sites earning £9 EBITDA which will be attributable to Plutus in some form by 2019. Compare this with figures in the telegraph article and plenty to be excited about!!

[1savvyinvestor] 30/9/2017 12:17

Excellent spot Cody.

[codydotcom] 30/9/2017 09:27

UKPR up for sale

[basem1] 27/9/2017 10:36

Beautiful chart formation forming. If I'd not taken such a battering elsewhere this last few sessions I would be adding here but alas no confidence in the market at present.

[1savvyinvestor] 27/9/2017 09:26

The other three have now got full planning so will be built in 2018. By autumn 2018 all rockpool funded sites will be running. Plutus themselves originally hoped all 9 would be running by winter 17-18 but planning took longer to achieve. So there will be six sites running by about November this year .

[codydotcom] 18/9/2017 18:54

Savvy

It is the commitment to STOR which will be the biggest limiter preventing collection of market revenues. Reduction in triad benefit will have very little impact on that dynamic.

When they commit to STOR, they agree to be available to turn on during certain periods, thus they cannot sell their output during those periods - whatever the price goes to. For this, they will receive an availability payment, which gives them guaranteed revenue (but no longer as lucrative as it used to be). If called to generate they will receive a utilisation payment, but again less lucrative than market prices.

If chasing triads, they choose to generate if demand looks very high. They will sell their output for these periods at the market price, so chasing triad would not prevent them capturing high market prices

HTH

[rhug1966] 18/9/2017 08:24

Savvy, how do you know that Plymouth made around £1m ? Is it in any Attune Energy reports ?

[1savvyinvestor] 15/9/2017 08:55

This statement has not been appreciated by investors in my opinion ; " The underlying drivers of overall supply and demand for power have not changed, however, and we believe that the markets for STOR and FFR, for example, will firm over the coming years. The power supply mix to the National Grid will also mean that there will be many opportunities to trade electrons in future, due to the peaks and troughs in the market. Over winter 2016/17, Attune Energy Ltd (our site in Plymouth) could have earned c.GBP1.5-GBP1.8m by taking advantage of market prices when these spiked. Because of commitments to FFR, Triad and STOR, we have not always been able to take advantage of such fluctuations, but expect to be in a better position to do so with gas powered sites. Attune Energy operated very successfully during last winter with an above budget operating profit."So in fact what is being said here is that Triad in some ways held attune back. This is very interesting. My understanding is that attune earned around £1 million last winter. Of course Triad was a large part of that but there are clearly other ways of creating revenue that were missed because of the commitment to triad .

[gspanner] 15/9/2017 08:33

Rhug, like Savvy have to work, but well answered by him/her.

That is why they have put in the table of how much revenue from different numbers of sites active.

2 6 GBP10,511,445

full year 2, 6 sites active, £10mil.

Obviously this is revenue not profit!

[1savvyinvestor] 14/9/2017 16:24

Also worth remembering that Alkane energy was bought out by Balfour Beatty for £61 million. They had exactly 160mw of connected power at that point. We are already nearly at 120mw and are valued at £15 million....just saying

[rhug1966] 14/9/2017 15:00

Thanks for the clarification, Savvy

[1savvyinvestor] 14/9/2017 14:47

Rhug . I haven't got time for a long reply right now but you haven't understood the structure of Plutus. Each of the Rockpool funded sites are separate companies - spvs (special purpose vehicles). As such their income is by law not allowed to appear on the bottom line of Plutus' accounts. Plymouth earned about £1 million last winter and it is expected that each site will earn roughly that this winter, so £6 million. Each site pays Plutus a management fee of £150,000 which equates to £1.35 million for the year. This is what appears in the accounts. This was always known so nobody should be surprised by the figures.

This is how you should view the Rockpool sites - from the RNS ;

came online in November 2016. By the end of 2017 we will have 120MW of operational
capacity, and the remaining
three sites already have
secured planning permission.
Rockpool has indicated
that they will realise
their investment in the
nine flexgen sites when
the EIS qualification period
expires. This will give
us the opportunity to make
an offer for the shares
we do not own or sell our
shares in each site alongside
Rockpool

[rhug1966] 14/9/2017 11:17

Am I missing something as I can't see whether Plymouth actually generated revenue apart from it's management fee?