Plutus Powergen Share Discussion Threads

[pbanus] 05/8/2018 12:50

certain posters like to post untruths...why does savvy continue hark on about "no dilution" when the 2017 annual report makes clear there has been further dilution in favour of the director. How would just savvy know that a loan made by a director has subsequently been repaid mid year??? He's not denying the original loan was made at 8%. Why doesn't savvy reveal his true identity...he claims to know much more than anyone else about internal issues at PPG...I wonder how that is?

[1savvyinvestor] 05/8/2018 12:33

certain posters like to post untruths. Plutus borrowed shareholder cash short term to enter CM auctions. As soon as the bidding process was over the money was repaid.

[1savvyinvestor] 04/8/2018 21:18

Very much believe you may change your mind soon as things become clearer and a robust route to serious profitability established.

[davr0s] 04/8/2018 20:34

Well I was a "serious" holder but chopped when it broke trend around 2p. I do pass by now and then to see if it's setting up to reenter but so far it's offering no reason to

[montynj] 04/8/2018 20:09

Thanks peter...agreed

[petersinthemarket] 04/8/2018 14:28

A very frustrating time for all serious holders (inc me). All holding on, waiting and hoping. All, or most, nursing heavy paper losses. Nothing to do but wait for news. Some fighting like rats in a sack. Vast quantity of contributions. Nothing to say. Personal stuff, irritating and completely pointless. Deflect the pointed sticks, stay calm, stay quiet, wait. Filter button works really well. Maybe go watch something else for a while and come back later. Best of luck to all genuine holders. pete

[pbanus] 04/8/2018 14:00

If we look at a diesel (biofuel) SPV site Rockpool put in £3M to £3.5M per site, PPG contributed debt of £2M. That debt if we look at Attune, the first SPV is still sat there on the balance sheet - it hasn't been paid down or reduced.

The bod and savvybishop are keen saying there will be no dilution for existing shareholders. However in the 2017 Annual Report it mentioned that two directors exercised 10,000,000 warrants in the company with a net cash benefit of £180,000 each. Post year end in 2017 the company granted 60,000,000 share options to the directors. The share options now represent approx 10% of the company's issued share capital. This is clear dilution in favour of the BoD.

[pbanus] 04/8/2018 13:50

Hi Lilah, the problem with building one gas site in place of the three biofuel (diesel) sites is that PPG has an agreement with Rockpool for nine biofuel sites. The 2017 Annual report stated, "the remaining 3 renewable diesel sites will be operational for next winter" - I can't see that happening now. Gas sites cost between £12M-£14M each to develop, each gas site takes 8 months to build (2017 Annual report). Too late to build this now for the Feb 2019 CM auctions. The deposit for entering a site in that CM auction looks to be lost, the Chairman of PPG lend the company the money for the deposit at an 8% interest rate. Despite the deposit being lost, the loan back to him plus interest will still be owed. At the time of the 2017 Annual Report PPG only had £71,000 of cash in the bank. The group net assets, i.e. what the business is worth once debt and other liabilities is excluded was only £995,864. The £50M that was launched at the time of the 2017 annual report was to fund the gas sites from PPGs side, this would have given them their equity stake in the 10 gas site SPVs. The rest they hoped to borrow from other sources making it look like they had equity to put into the project. However that bond was pulled as there was so little interest in it. What PPG are trying to do is like an individual buying a house where everyone else pays for it, so 100% lending. The £50M bond was to borrow to fund their stake in those 10 spvs, but it's all debt. The willing to lend on these projects would expect the applicant to put some of their own money in, so that they in principle would be prepare to lose some wealth if it went wrong. This should incentivise them to work hard to succeed. Problem is as we have seen this year the bod don't "work hard" they're just using PPG as a cash cow to fund their lifetsyle as Marvin has highlighted.

[lilah1] 04/8/2018 11:37

My view re the remaining Rockpool sites, they will not be built. In their place will be one gas site. What does anyone else think?

[luckyphilip] 04/8/2018 10:12

certainly a strong possibility of a strong rise from here imho. If we get clarity on buildout of remaining 3 Rockpool sites the share price should bounce back up.

[pbanus] 03/8/2018 21:02

the only thing full of gas round here is savvybishop and monty. You only said yesterday monty that you wouldn't be back until news broke, you just couldn't stay away could you, couldn't stay away even for a day...Is there another drinks party tonight where you'll meet people with shovels and picks who'll be digging the foundations? Dream, dream, dream....Meanwhile maybesum was spot on regarding the bid price, shouldn't you show some humility and offer him an apology???

[marvin9] 03/8/2018 20:31

SavyBishop is dumping as we speak due to the game being up.

PPG is dead and gone due to gross freeloading scamming of the stock!

Another potentially great company that should have made it big if it was not for the clueless part time freeloading CEO.


What must your family think in reading such truth?


Resign man your a freeloading clueless twonking idiot!

[montynj] 03/8/2018 19:45

Thanks 1savvy for all info...ref your post 6015, my guess is aligning to yours. I get feeling also that there will be a major change on those last 3 sites and possibly them being Gas. It would make sense. But who knows. Only time will tell.

[pbanus] 03/8/2018 18:50

If anyone wants to see what happens to a share price when a fund raise can't be completed and projections were based on that have a look at what happened to Tern's share price today.

[pbanus] 03/8/2018 18:10

good suggestion Lilah, but how embarrassing when the shareholders of PPG feel they need to go to Chelverton though. David Horner has done a great job with the Chelverton UK Growth Fund. Very good of him to be so accommodating to you.

[lilah1] 03/8/2018 17:44

Why don’t you all call David Horner of Chelverton and get his view on ppg, he is very approachable. 2018 was described as a “pivotal year”, to date management have very much over promised and under delivered on this statement, this is why we are where we are. Their skill sets are very much lacking in the investor relations area and seem to have little or no care that the share price has nose dived

[marvin9] 03/8/2018 17:34

I am surprised they have not demanded the CEO resigns or they will do just that.

[1savvyinvestor] 03/8/2018 16:51

Isa. I said target remains unchanged which is positive. As far as build out of last three sites don't believe everything you read. They will happen and I expect an announcement to that effect very soon .

[pbanus] 03/8/2018 16:40

the worry here is if Chelverton and Paternoster start selling, who knows where the price might end up then

[isa2020] 03/8/2018 16:15

Could be wrong, believe Rockpool always had an exit plan 'unchanged' so that's not really new info (unless it's the first time you seen it)

[pbanus] 03/8/2018 14:42

You all really need to take at face value what Marvin is saying.

Savvy himself today has confirmed that Rockpool are selling by Q2 2019, there isn't enough time to build the three remaining sites, they don't believe there are the returns to justify them. Rockpool's best hope is that PPG buy them out on the six sites, but all that will do for shareholders is to guarantee the cash cow continues for the directors to continue taking their exorbitant salaries and loans to the company. Who can honestly say the BOD have justified their £150K each salaries this year? When the RNS comes out regarding Rockpool curtailing their investment these shares will take another massive hit, come in number 9 your time is up....number 6 are you in trouble?

[1savvyinvestor] 03/8/2018 10:28

Rockpool - I've been looking at the July updates for investors through Rockpool and the following words are of interest and relevance; The target exit date of Q2 2019 remains unchanged.
Rockpool obviously happy with their investment.