Plutus Powergen Share Discussion Threads

[nw99] 13/4/2018 07:31

No dilution to shareholders they have already stated that . Just a buying opportunity here from incorrect posters . Buy any dips

[montynj] 13/4/2018 07:09

You also forget the directors own 49% of the shares so clearly not in their interest to dilute. Your conjectures are wrong...putting together a massive asset finance deal does take time. My understanding is that 80% has been done

[montynj] 13/4/2018 07:08

You also forget the directors own 49% of the shares so clearly not in their interest to dilute. Your conjectures are wrong...putting together a massive asset finance deal does take time. My understanding is that 80% has been done

[montynj] 13/4/2018 07:04

Ofgems decision is irrelevant unless a positive comes out of it....the bad aspect of it was already discussed and discounted last year...I don't know why u are bringing up old stuff...I get the feeling u have been the seller and are now trying to massage the price down to buy back in cheaper. V clear to me....share price fall has been largely on low vol and end of tax year selling and now also lack of news and also cuz bishopawn has scared the living daylights out of weak holders.

[bishopawn] 13/4/2018 00:14

RNS 17th September 2017: FINAL RESULTS

As a complement to our green diesel projects, the group is now diversifying into gas fuelled power generation and battery powered energy storage projects, which may also be used in conjunction with SolarFlex and gas-powered generation sites. The management team has been working to develop and progress a pipeline of gas powered sites in which we intend to hold majority stakes of typically 80% but may also be joint ventures. We retain complete flexibility in financing projects going forward but aim to ensure that all future gas sites operated via new companies, typically holding 20MW each as before, are able to be consolidated in our accounts. With this in mind, we recently launched a £50 million bond advised by Bedford Row Capital, to be listed in Frankfurt, that is about to be marketed to investors. The bond is to fund the 'equity' portion of each site; each site has a typical capacity of 20MW, is held in a special purpose vehicle, and will normally have 20-40% of equity, with the balance funded with asset or project finance.


(.......)

Strategy

In addition to our planned focus on installing gas engine capacity and the bond to finance this, we are looking at the use of power storage, i.e. batteries or capacitor technologies, in conjunction with our gas sites, which will open up FFR markets and other fast response tariffs to gas. Our strategy with respect to the green diesel sites is - alongside Rockpool - to either sell these after the end of the EIS qualification period or to make an offer for the 55.5% we do not already own. Our relationship with a leading Big Six multinational utility company to fund up to 20% of any 20MW renewable fuel or gas powered flexible energy projects going forward fits ideally with the Company's strategy to deliver projects in which it holds an 80% interest, and It also gives us additional flexibility in funding our various project types going forward including Gas, SolarFlex and Battery Power Storage.

------------------------

(1) As a previous poster noted, what happened to this £50 million bond offer (listed in Frankfurt) to investors?

(2) "......this relationship (to a leading Big Six multinational utility) is envisaged to provide sufficient equity to allow PPG to develop majority owned assets while maintaining its policy of limiting dilution to shareholders as far as possible."

the phrase: "...limiting dilution to shareholders AS FAR AS POSSIBLE", were tucked in there way back in September.

It seems to me quite possible, even probable, that flexibility and necessity may determine a change in the rules of the game as so far stated as NO DILUTION. Limiting dilution AS FAR AS POSSIBLE, would seem to leave open to directors to do deals that may have to have an element of dilution because a large investor may require more skin in the game if he is to hand over a big load of lolly.

[brad44] 12/4/2018 23:24

How's that mars bar coming along? Sounds like you ate it. Calm down, it's just the sugar rush

[2pablo] 12/4/2018 20:13

Think BishopPawn does make some relevant points though and none of us can yet explain today's sell off:

OFGEM's decision on what to do with TRIAD is pretty important or why would we be appealing against initial ideas?

Funding discussions are snagging - maybe that might be on the issue of potential dilution.

The possibility of a share placing in the prolonged absence of concrete news could be another reason for the "spooking" of investors in recent days/weeks - Agree

[1savvyinvestor] 12/4/2018 17:25

Literally irrelevant. Rockpool sites alone worth more than current market cap

[nw99] 12/4/2018 16:24

Yes has no effect here at PPG already priced in

[montynj] 12/4/2018 16:21

I don't understand why BP is harping on about TRIAD...that's history...old news...

[nw99] 12/4/2018 16:13

Thanks MNJ clarifies a lot , looks like a huge buying op

[montynj] 12/4/2018 16:02

Well , the Ofgem review has been discounted to zero by PPG and frankly not even in their thoughts tbh. If anything arises from it, it can only be positive.Dunno why any thinking would deduce doing a raise when PPG could easily give up some % points in their substantial proposed carried majority interests in the gas site pipeline spv's instead.! Some posters are just talking nonsense and scaring weak holders. Maybe those posters have an agenda to buy shs at lower prices

[rhug1966] 12/4/2018 15:55

I'm also a bit worried about the £50m bond. The issue date for the bond on the Frankfurt Xchange was July 2017 by Audley Funding limited. However, I cannot see any bond with the same ISIN number on the bond listing.

[pbanus] 12/4/2018 15:45

wouldn't surprise me at some point soon to see a takeover bid if the current board don't manage newsflow more carefully.Comments like "pivotal year" give a sense of something big, when news dries up for a quarter some people become irritated/bored and move on to other seemingly more exciting stories to pursue.

Balfour Beatty recent sold Alkane Energy for a large profit, presumably they felt they learned something about the industry in that time, it wouldn't surprise me to see them buy PPG and provide the finance needed to grow the business for another large payday.

[nw99] 12/4/2018 15:33

No dillution company said so

[nw99] 12/4/2018 15:29

Bought 350k so far

[bishopawn] 12/4/2018 15:26

The judicial review of OFGEM's decision to phase out TRIAD is due to be heard/concluded this month.

Anyone's guess if that will be good or bad for us.

Just wondering if the funding discussions with potential investors for rapid expansion into gas and hybrid energy sites are snagging on the issue of potential dilution, which has always been resisted so far by directors. They might want more "skin in the game" than we would wish to give them.

The possibility of a share placing in the prolonged absence of concrete news could be another reason for the "spooking" of investors in recent days/weeks.

Hope I am wrong!

[maybesum] 12/4/2018 15:03

Sell off gaining momentum it seems....hope some rubbish news isn't about to break.

[1savvyinvestor] 12/4/2018 11:37

Good luck sweepie. No hard feelings but investors are here for the long haul. What people need to remember is that our current sites should be valuing the company at over 3p a share so this current weakness is purely down to short termism. We could drop back further but brave investors should be snapping these up at current prices. I do understand the fall; I just happen to believe that the board is working on something spectacular.

[sweepie2] 12/4/2018 10:49

Yes, moved on, did hope that you would have heard from now, added more at Tern their keyscaler product will rock the world. Not tipping BEST OF LUCK I hope you hear soon but just quicker opportunities elsewhere

[maybesum] 12/4/2018 10:33

Great big chunks being jettisoned.,...

[1savvyinvestor] 12/4/2018 10:33

The market is punishing Plutus Powergen for taking a long time to get the gas sites finance over the line. As the price drops back towards 1.5 the risk/reward ratio looks compelling but shorter term traders will be looking elsewhere. The recent weakness of PRS will not be helping sentiment. I'm not selling a bean.

[1savvyinvestor] 06/4/2018 16:23

All very old news. All those are up and running. Marchwood and selby being prepared now to bring all 9 rockpool sites online by November 2018