Plutus Powergen Share Discussion Threads

[1savvyinvestor] 08/5/2018 22:43

This from The Telegraph; very similar to what Plutus are planning; Shows finance is there for these projects.

Banks plough £100m into micro gas power plants

Some of the UK’s biggest banks have agreed to invest £100m in a fleet of eleven micro gas-fired power plants across England to offer the national grid fast-starting power options.

Lloyd’s commercial banking division, HSBC and NIBC have agreed to finance Green Frog Power’s plans for 220MW of gas-fired power capacity across sites from Plymouth to Newcastle.

The £100m loan could be stretched by a further £50m to allow Green Frog to build another 110MW worth of gas-fired power in the next few years.

Together the flurry of small gas plants represent the equivalent of one large gas-fired power unit, which could compete for contracts with National Grid to help balance the energy system as old coal-plants are shut down.

The mini-plants are capable of quickly ramping up from idle to maximum power output in just five minutes, meaning they could play a key role in managing Britain’s transition to a more flexible power system.

Lloyds provided over half of the firm’s latest funding round with £55.5m.

Jemal Omar, a director at the bank, said the growth of gas-fuelled power has steadily increased in recent years as issues surrounding fossil fuels have come under increasing scrutiny.

“Supporting businesses like Green Frog Power that are tackling this is one of the ways we’re helping Britain prosper,” he added.

Green Frog already operates 33 plants across the country, earning the start-up £250m in turnover in the last year.

[marvin9] 08/5/2018 19:56

You gotta laff:


bishopawn
8 May '18 - 15:29 - 5469 of 5469
0 0 0
I prefer Snakes and Ladders. More dramatic sudden changes of fortune.

More friggin snakes than ladders, historically ARF ARF ARF!

Only person on the ladder is the dopey CEO fat cat

[bishopawn] 08/5/2018 15:29

I prefer Snakes and Ladders. More dramatic sudden changes of fortune.

[marvin9] 08/5/2018 14:39

Breaking news:



zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

PPG CEO:



Cash cow:

MEWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!

[1renard] 08/5/2018 10:18

tiddly winks anyone? to pass the time until news?

[2pablo] 03/5/2018 12:55

Thanks Bishop, I was nearly right with my SPV and Consolidated understanding. Anyway, the gas ones will be on our accounts that's the main thing, sometime soon I hope.

[bishopawn] 03/5/2018 11:47

The fact that Plutus will ensure that it always has a majority stake in each Gas SPV will mean that earnings will go to the bottom line. I think Savvy may have already alluded to that likelihood some time ago. With the Rockpool SPV's Plutus only has 45% as things stand and cannot include earnings in consolidated accounts, although we reckon that each SPV is earning about £1 million per annum. In the meantime, Plutus has to satisfy itself with management fees for the SPV's which is over £1 million per annum. When Rockpool sells up in 2019, Plutus will enjoy 45% as its share of the proceeds of these sales. By then, of course, the gas sites will be firing on all "four" cylinders! To use a turn of phrase. LOL!

[2pablo] 03/5/2018 09:25

Bishop - that really is a fantastic old RNS. We haven't reported any developments on the funding since but re-reading it gives a very warm feeling. Thicko moi, I've just twigged that 'consolidated' meaning, ie no further spv's off the accounts. The new gas sites would soon really produce visible earnings. Can't remember whether we won a contract for either of the first 2 gas-powered sites but I don't think we did.

I think CM considerations have moved on apace since Jan 31st and we are not confident in the mechanism or value offered.

[bishopawn] 02/5/2018 21:35

31st January RNS quote for consideration and discussion:-

We announced in December 2017 that, as part of our strategy to expand into gas-powered sites, we had lodged Capacity Mechanism ('CM') deposits for the upcoming CM auction for two 20MW gas powered sites with planning permission. CMs are awarded by the Government to ensure that electricity supply continues to meet demand; providers are paid a per MW rate for the capacity they offer to the market, which must be available when called upon by National Grid at any time during the contracted period. The consideration for the CM deposits totalled GBP390,000, funded in part by short-term shareholder loans of GBP250,000 bearing interest of 8% per annum. Whilst we hope to develop up to five gas sites in 2018, much will depend on the CM auction, including the quantum and award thereof and our ability to acquire sites with CM for development in calendar year 2018 (of which we have a number under consideration). Our main expansion into gas and hybrid sites is expected to follow in 2019 and we are working with prospective partners and financial partners in relation to this.

In terms of financial scale and returns, one 20MW gas site provides Plutus with similar financial returns to 50MW of the equivalent Rockpool sites under development. We therefore aim to ensure that all new sites are consolidated and create visibility of earnings. 60% of this is 60MW equivalent meaning our carried interest would be the financial equivalent to 75% of our Rockpool interests, representing a substantial increase in our asset base which will be consolidated should the Company be successful in gaining CM contracts for either site. Nevertheless, the above assumptions can be projected for as many sites as we can develop in the future with CMs.

The Company continues to focus on increasing its pipeline and to this end a further six gas sites totalling 120MW are now in the planning process; it is envisaged that this figure will significantly increase during 2018. Plutus is also in advanced discussions regarding the purchase of further sites with existing planning permission that could be fast-tracked to commissioning. The majority of the gas sites in the current pipeline are expected to be constructed in 2018 and 2019.

[1renard] 02/5/2018 19:48

2017s were all between November and early Jan. If heavy fines are the result of missing deadlines better not to be in. The T-1s are not massive income anyway but a useful cherry.

[bmcb5] 02/5/2018 18:02

It is logical, if you're not confident they will be built in time

[1renard] 02/5/2018 17:52

Surely that is logical. If you were to be awarded T-1s and then not deliver wouldn't there be rather substantial fines? The six existing sites know 100% they will be ready for November.

[bmcb5] 02/5/2018 17:41

Bear in mind that they didn't enter those sites into the T-1 auction. That provides an indication of how confident PPG are that they will be up and running in time imo

[1savvyinvestor] 02/5/2018 17:33

There was as double site In Marchwood and a single in Selby. Last year we started hearing about progress round about early August so I would expect something similar.

[maybesum] 02/5/2018 16:56

Savvy the three remaining Rockpool sites must be in the process of being built out by now don't you think? I've rather lost track of where they are but I'm sure there will be news on one or more of them soon. What's your understanding of the situation?

[marvin9] 02/5/2018 16:31

Either way I think you will find Savybishop has ramped for years and all his ramping comments were and are proven to be nothing more than woulda coulda shoulda huff and puff.

It is a proven fact that some got fooled into buying, supporting the share price whilst some on that thread pumped and dumped.

Savybishop claimed to know who that person was and was shocked at his actions; BUT' never did mention who that scum bag was lol.

I think is was him and he continues to post under multiple names and making a fortune from pump and dump activities.

Its a proven fact these same multiple postees boasted all 9 would be up and running last year, look it up, unless they have deleted earlier posts.

So your choice, follow his words or follow your own research into past posts and the lack of activity from the dopey CEO.

MEWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

[1savvyinvestor] 02/5/2018 16:24

bmyb your comments are understandable but not entirely correct. in 2017 "bulls" on here knew that 6 sites would be completed by end of year. The last 3 will be completed this year. Back in 2016 there were some very bullish statements from PPG regarding 2017 and we can all agree that the pace has not been up to those original expectations. Its too early to say whether they have been over optimistic regarding the quantity of new sites. Whatever the pace however the current share price doesn't even cover what we have up and running. Remember that Rockpool sites are likely to be sold on in a year and the true value to Plutus will then be revealed. Current guesstimates are around £30 million. So - the new gas sites - all we can do is wait and see what they deliver. You either buy shares now in the hope/expectation of a game changing deal or you wait for solid news. Alternatively you sell and just forget about Plutus. Just no point in talking to Marvin. I think the quality of his idiotic posts speak for themselves. Happy to argue the case here. Indeed Cody has been pretty bearish. Personally I still see a potential game changer in the wings and am holding on to my holding. You make your decision and buy/hold/sell on the info / belief you have.

[marvin9] 02/5/2018 11:41

Lol, by choice but Savybishop will falsely disagree lol

Yep bulls only; until I shamed them into letting a few negative posts be made.

And will add, your post is the best I have read on PPG in the last 18 months and is true to fact.

[bmcb5] 02/5/2018 11:32

No problem Marvin.

Are you not allowed on the other thread? Is it supposed to be bulls only? I own some, just to give me credibility when posting, but i'm not particularly bullish

[marvin9] 02/5/2018 08:46

A worthy post and hope he don't mind me stealing it and posting it here:

bmcb5
2 May '18 - 08:40 - 5456 of 5456
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I'm not particularly encouraged by the speed of execution here. These Rockpool deals were announced in 2014/5, and there are still only 6 in operation. A year ago, the bulls on here were certain that all 9 would be up and running in time for last winter.

I know it isn't easy. I realise there have been planning issues etc. I realise they had a standing start, and it takes a while to gain momentum. But I don't see any gain in momentum. Competitors are out there throwing sites up like there is no tomorrow.

That presents a risk, imo. It's ok getting excited about a potential huge deal (though i'm not convinced that any deal will be huge either), but unless they pick up the pace, I'm afraid they may get left behind.

[bmcb5] 02/5/2018 08:40

I'm not particularly encouraged by the speed of execution here. These Rockpool deals were announced in 2014/5, and there are still only 6 in operation. A year ago, the bulls on here were certain that all 9 would be up and running in time for last winter.

I know it isn't easy. I realise there have been planning issues etc. I realise they had a standing start, and it takes a while to gain momentum. But I don't see any gain in momentum. Competitors are out there throwing sites up like there is no tomorrow.

That presents a risk, imo. It's ok getting excited about a potential huge deal (though i'm not convinced that any deal will be huge either), but unless they pick up the pace, I'm afraid they may get left behind.

[marvin9] 02/5/2018 08:30

All in the share price and in lack of performance from its CEO.

Rest my case.

Mewwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww!

[maybesum] 01/5/2018 21:51

We will see eventually Marvin...,..but I think you are wide to very wide of the mark.