Plutus Powergen Share Discussion Threads

[nw99] 11/7/2018 13:09

Thanks Jamie all good just await news then up we go

[jamiejw] 11/7/2018 12:41

shocking typing. but i was in a rush.

[jamiejw] 11/7/2018 12:40

Contacted PPG and a member of the board responded.

They understand that there has been a death of news a bit. They have been working for some time on the non-dilutive raise of 125m for minimum 10 gas sites and due to its size has bought a few complexities particularly with the number of partners required to raise and amount and certain aspects of the overall funding requirement.

It was admitted it has taken longer than expected and that the share price slippage is being felt by management aswell.

It came accross however that management despite the delay are confident in their ability to secure the funding.

Take of this what you will, they are building a company over the long term and therefore nothing to worry about for long term holders. Those attempting to make a quick buck on July may feel disheartened.

The Journey Continues and the goal as ever remains the same.

[maybesum] 11/7/2018 07:59

Looking at lilah's list of unfulfilled promises from the bod, does not inspire confidence that news when it eventually comes, will be good.

[pbanus] 10/7/2018 15:31

Can't imagine Chelverton Growth Trust are very pleased, the only year they haven't grown net asset value, and it's down to their holding in PPG.

Would be good if Paternoster and Chelverton seek to have some direct influence on the board. The current mix of Chairman who supposedly puts together the finance deals and CEO who's the industry expert (capacity auctions) isn't working.

[pbanus] 10/7/2018 15:16

@lilah, yes so perhaps the comments Marvin makes regarding the Chairman and CEO aren't far off the truth.

[lilah1] 10/7/2018 14:30

RNS's over promised and very much underperformed –

May 2017 RNS:

Going forward, the Company has a pipeline of FlexGen gas projects totalling 150MW, which it will seek to retain an 80% plus interest in. The Company is focused on constructing a minimum of four gas powered projects per annum as they offer significant advantages, both environmental and financial, over renewable green diesel engines. NOT DELIVERED ON THIS AT ALL

Battery storage Joint Venture AUG 2017

During the period under review, the Company also signed a cooperation agreement with land and property developer, London & Devonshire Trust Ltd ('LDT'), to identify and develop energy storage projects in the UK. HEARD ABSOLUTELY NOTHING AGAIN ON THIS

Under the terms of the agreement, LDT and Plutus will incorporate a special purpose vehicle for the development of an initial 85MW of energy storage project. HEARD ABSOLUTELY NOTHING AGAIN ON THIS

Final results September 2017 RNS:

the group is now diversifying into gas fuelled power generation and battery powered energy storage projects. NOT HEARD ANYTHING SINCE ON EITHER POINT

Our primary operational focus has therefore been on the continued execution and delivery of the nine sites equity funded by Rockpool Investments LLP of which we have a 44.5% interest in each. THIS HAS YET TO BE ACHIEVED

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. HEARD NOTHING MORE ON THIS AND PRESUME IT DIDN’T HAPPENED

Heads of Terms with JCB Power Products Sept 2017.

PPG's current focus is on completion of the 180MW of FlexGen with Rockpool Investments LLP and the development of approximately 200MW of gas-fired FlexGen projects across the UK. NOT HEARD ANYTHING MORE ON THE MATTER

PPG has a pipeline of over 700MW and is targeting 120MW of diesel to be operational by the end of the year with an additional 60MW which is at the post-planning stage to be built in 2018. NOT HEARD ANYTHING MORE AND HAVENT DELIVERED WHAT THEY SAID THEY WOULD

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. NOT HEARD ANYTHING MORE ON THE MATTER

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 this relationship 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. NOT HEARD ANYTHING MORE ON THE MATTER & IS THE RELATIONSHIP ACTUALLY REALLY IN PLACE?

It also gives us additional flexibility in funding our various project types going forward including Gas, SolarFlex and Battery Power Storage. NOTHING MORE HEARD ON THE MATTER

RNS 21 December 2017:

The Company continues to focus on increasing its pipeline and to this end a further six gas sites totalling 120MW are in the planning process; NOTHING MORE HEARD ON THE MATTER

it is envisaged that this figure will significantly increase during H1 2018. IT HASN’T AT ALL

PPG is also in advanced discussions regarding the purchase of further sites with planning, that would be fast-tracked to commissioning. The various gas sites in the pipeline will be built between 2018-2019. NOTHING HEARD AGAIN ON THIS VERY IMPORTANT MATTER

RNS January 2018:

Charles Tatnall, Executive Chairman of PPG, said: "Our roll-out of FlexGen sites across the UK continues; we now have 120MW in operation and a further three 20MW sites due to come into operation in 2018. We are also making progress with the development of approximately 200MW of gas-fired FlexGen projects and I look forward to updating the market accordingly." THIS JUST HASN’T BEEN DELIVERED AT ALL

Interim Results RNS January 2018:

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. THIS JUST HASN’T HAPPENED

To that end, I was pleased to announce, in September 2017, that we had signed a Heads of Terms with a leading UK provider of generators, JCB Power Products Broadcrown Limited ('JCB'), to design, procure and supply the required generators for the Company's UK FlexGen Projects (the 'Projects'). Under the terms of this agreement, both parties will cooperate with the identification and suitability of sites and will leverage their complementary skills and capabilities to bring FlexGen projects into operation. NOTHING HEARD SINCE

JCB will assist on the design, procurement and supply of the required generators for each individual FlexGen site and will also provide long term repair and maintenance services. Furthermore, JCB has introduced Plutus to JCB Finance Limited, a member of the RBS Group, which specialises in providing asset finance in connection with the acquisition of JCB equipment. NOTHING HEARD SINCE.

Interim results RNS January 2018:

2018 is expected to be a pivotal year in the development of Plutus with our move into gas powered, energy storage and hybrid generation sites. NOT A PIVITOL YEAR AT ALL & HAVE DELIVERED ON NOTHING THEY SAID THEY WOULD

The Directors view the year ahead with confidence, as we start the development of our new strategy and complete the execution of the Rockpool Investee Companies' site build outs. NOT DELIVERED

[marvin9] 09/7/2018 21:32

Here we have the free loader CEO showing you how to milk a company:

[marvin9] 09/7/2018 21:29

What ya doin CEO?

Eating greasy sausages and champers on the back of PPG share holders.

Resign man your a part time free loader who does not have a clue on what you are doing.

[isa2020] 09/7/2018 18:24

https://amp.theguardian.com/environment/2018/jul/09/electric-cars-vehicles-uk-plan-more-charging-points-chris-graylingPower to you - from PPG

[marvin9] 08/7/2018 07:30

What another perfect day for a part time freeloader CEO to top up his sun tan and drink free share holder champers all day.

[marvin9] 06/7/2018 20:05

What I will say, the performance of the share price demonstrates the confidence in its CEO.

mMMMMMMMMMMMMM, what an arrogant part time freeloading prat! Historically.

[lilah1] 05/7/2018 22:34

Marvin please stop doing what your doing it’s becoming a bit weird and repetitive. I don’t necessarily disagree with your issues of over promising and under performance but I suggest they might be best placed if you emailed him / them directly

[marvin9] 05/7/2018 19:52

Hows ya day been Freeloader part time CEO?

What ya done today to earn your comical fat cat pay?

[lilah1] 05/7/2018 15:44

Good idea. Nowhere to hide and you should get some good support from others

[2pablo] 05/7/2018 15:19

or Tweet @PlutusPowerGen which is a pretty public way to ask them to communicate

[lilah1] 05/7/2018 12:38

Try their emails

[e-mail]

[e-mail]

[maybesum] 05/7/2018 12:32

I've tried both those numbers myself with the same result. The transition to a more stand alone company beyond Rockpool was always going to be difficult. The bod have been over confident in their Rns's in my view. Very hard to raise the kind of cash needed for expansion into gas sites, beyond one or possibly two at a stretch with Rockpool assistance.

[pbanus] 05/7/2018 12:10

Those were the first numbers I tried and no response from those either.

The impression is that PPG is a part time interest for them along with Stranger Holdings, Papillion and the others. There's been a lack of focus this year which an activist investor could put right.

[lilah1] 05/7/2018 11:58

I suggest you contact PPG directly, they are quite approachable

Charles Tatnall Plutus PowerGen Plc Tel: [phone]
Phil Stephens Plutus PowerGen Plc Tel: [phone]

[pbanus] 05/7/2018 11:36

that opens up another issue Lilah.

Contacted Cantor - apparently they don't speak to shareholders. Contacted the PR company weeks ago to speak to someone on the bod. They mentioned they had passed the message on, but no response from the bod, chased them up, nothing again.

So what are Cantor and the PR company being paid for? Cantor don't even give broker recommendations for the stock now.

It all looks very poorly managed.