Plutus Powergen Share Discussion Threads

[1savvyinvestor] 13/8/2018 15:09

interesting link bmcb2 -

Actually the capacity market is in need of a big shake up. Last winters auction rewarded big players. The future of energy provision is much smarter and smaller. Gas works brilliantly with solar and wind to seamlessly secure long term clean energy with security.

[bmcb5] 13/8/2018 13:51

Not directly related, but interesting on capacity mechanism

[pbanus] 13/8/2018 11:45

why don't you buy some bishop?

[bishopawn] 13/8/2018 11:36

Nice one! A bargain at this level.

[fiah1] 13/8/2018 11:32

The 500k was my buy

[bishopawn] 13/8/2018 11:08

0.9 to sell, so the first two trades of the day look more like buys.

[pbanus] 12/8/2018 22:00

montynj, "I and others have now filtered marvin9 etc so we can't see what they write on other thread...great !!!!" - wild guess, you, savvy, bishop, nw99??

[montynj] 12/8/2018 20:48

I and others have now filtered marvin9 etc so we can't see what they write on other thread...great !!!!

[marvin9] 12/8/2018 20:31

Yea a Snake Oil Salesmen at best:

[pbanus] 12/8/2018 19:14

A snake oil salesman is someone who knowingly sells fraudulent goods or who is himself or herself a fraud, quack, charlatan, and the like. Good description.

[bmcb5] 12/8/2018 18:57

I hear you Marvin. But nobody forced anybody to invest here. Snake oil salesmen, maybe. Not up to the job, maybe. But scum is a bit harsh imo

[bmcb5] 12/8/2018 15:14

I don’t think the board are scum, or anything like that. But I have always maintained that their early model of developing diesel was flawed, and they have not evolved fast enough. Back in February when the very poor auction results came in, I immediately said that this was hugely significant and the board should issue a strategy update. (I retired my old username betweeen then and now, for various reasons).
The chairman is now accepting that those results were game changing, but 6 months later, no strategy update. For me, this company is uninvestable.

[pbanus] 12/8/2018 15:06

and guess what, in 2015 the share price was the same...

[pbanus] 12/8/2018 15:03

If you go back to 2015, you have the same four individuals telling you to "top up", "buy the dip", "don't miss this multi-bagging opportunity"....Monty, Savvy, Bishop, Nw99. Don't get caught up in a groundhog day of losses, take Marvin's advice and don't buy any more until you get concrete evidence via an RNS of company progress...and don't hold your breath for that! With this stock the more things change, the more they stay the same!

[pbanus] 12/8/2018 14:32

In terms of "buy the dip", and opportunities to "top up", and "multi baggers at this price" why haven't monty, bishop, savvy and nw99 followed any of their own advice here? They've got the cash - nw99 considering buying bigdish this last week. If PPG is such a great buy, why not buy that rather than bigdish?? Truth is they want you to "buy the dip" and "top up" so that they can offload more their existing PPG holding and goad you into buying that as well.

[pbanus] 12/8/2018 14:25

"Bearing in mind the CM auction early in the year meant we had to start entirely all over again, we can’t agree that it is “taking a very long time”."

This is the quote to focus on from the chairman. He's admitting that that strategy is defunct, "we had to start entirely over again". This is why the three remaining diesel sites wont be built - the business strategy has been destroyed. He's oblivious to the delays that investors perceive - "Rockpool funding for our portfolio of diesel sites took a far greater time to crystallise and the associated asset finance some 12 or so months after that." - Don't hold your breath if you're expecting to hear about any time soon. The BoD will be saying it's been done quickly if they announce something this time next year! Meanwhile where will the share price be then? The directors aren't bothered if it takes forever as they still get £150,000 per year plus expenses, plus dilutive share options (while claiming there is no dilution), plus opportunities to loan the company money at 8% per year. "Ordinary" shareholders get nothing.

[pbanus] 12/8/2018 14:12

Plutus Powergen 2017 Annual Report; "Our goal is to develop at least four sites per year", "This year the company is apply for eight 15 year contracts (four FlexGen and four Gas"
- so what's happened this year then?

[1savvyinvestor] 12/8/2018 11:24

I was correct. So this winter a £120k extra payment to each site. In addition I thought fellow investors who are suffering with the low share price might take solace from the following amusing Warren Buffett saying on patience:

No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.

[1savvyinvestor] 11/8/2018 20:52

I think that they were damned if they did damned if they didn't talk about the CM auctions. Wasn't rocket science to see they were disappointing this year but Plutus didn't feel compelled to accept a low ball rate and held their fire. Last year when TRIAD was knocked on the head Plutus issued a very swift RNS explaining their position and the market hammered them. So I'm hardly surprised they didn't announce a response to disappointing capacity mechanism auctions. Incidentally nobody seems to mention the fact that on top of the 15 year contracts Plutus were 100% successful in the one year auctions last Autumn - I need to check figures but I think worth around £120k to each site this coming winter. But I will check those figures as I may have remembered incorrectly.