Plutus Powergen Share Discussion Threads

[a1m1investor] 09/10/2018 12:19

"During the year we have received an offer, subject to contract, from an EPC (Engineering, Procurement and Construction) provider for mezzanine loan finance of up to 10% of the capital costs per gas-peaker site"

"We have also received non-binding indicative terms from an asset finance institution for an initial £25 million"

Do you just ignore the bits that don't fit your predictions?

[maybesum] 09/10/2018 12:08

When Prawn and his cronies start saying, all aboard the good ship Plutus that is the time to sell....before he does! Finance talks are ongoing...waffle waffle waffle same as for the last year. Zzzzzzzzzzzzzzzzzzzzzzzzzzzz. Mr market has spoken this morning time to wake up to the reality.......holed below the waterline because of Triad removal....GLUG, GLUG..GLUG

[lilah1] 09/10/2018 12:08

"We are in talks with several interested parties for equity, debt and mezzanine funding"

They are in talks, nothing is agreed

They have been trying to raise funds for over a year now and with the OFCOM announcement, it has changed the game and so its going to take longer to get the funding in place

[pbanus] 09/10/2018 12:03

1sloppyinvestor trying to put a brave face on an RNS that just scratches around for something positive to say. If the accounting rules were different things would look better...jeeeez, how desperate do they get???

[pbanus] 09/10/2018 11:59

"We are in talks with several interested parties for equity, debt and mezzanine funding " - more dilution here we come!

[lilah1] 09/10/2018 11:56

Re financing / funding all you have heard is what might be happening, nothing is concluded or agreed.

Equity holdings, no one knows exactly what it will be but lets wait and see. 55 percent is a majority holding, so is 51 percent and so on. I hope its more but I doubt it.

Share price has fallen back and if there is no news until next year, then it may fall further, giving rise to the opportunity to buy more.


Please be rationale and stop flowering it up, look at the facts, this is a long term play and I'm invested

[a1m1investor] 09/10/2018 11:56

"we told him where it would all end"...Lol, has it ended?? I must have missed that one!

[1savvyinvestor] 09/10/2018 11:51

There are those who look only for the bad in everything aim1. I'm very comfortable with that rns. Very honest and clear about the future . Price being manipulated like crazy today .

[pbanus] 09/10/2018 11:48

"the ship's leaving the harbour" - well so did the Titanic! Toot toot!

[pbanus] 09/10/2018 11:39

aim1investor...hide your head in shame! "PPG multi bagger", "the train is about to leave the station all aboard" all the guff he spouted for the last few months...we told him where it would all end...the train doesn't even have enough fuel to move! "toot toot"...Look at the other investments aim1investor makes, they all tank! "toot toot"!

[a1m1investor] 09/10/2018 11:36

Lol Lilah1, you were absolutely miles off with your predictions!

This one paragraph in the results says pretty much the opposite of all of your recent predictions:

“During the year we have received an offer, subject to contract, from an EPC (Engineering, Procurement and Construction) provider for mezzanine loan finance of up to 10% of the capital costs per gas-peaker site. We have also received non-binding indicative terms from an asset finance institution for an initial £25 million. Currently, we are in advanced discussions with various finance providers to provide a suite of financial facilities for the proposed gas sites, which will enable us to enjoy an equity majority of each site developed whilst maintaining our policy of limiting dilution to shareholders as far as possible.”

Lilah1 wrote:

“makes me suspect that we wonâ€482;t hear anything on the funding for some time, next year is my guess” - We've just heard a lot about the finance today

“Funding wont happen until sometime next year due to the lack of expertise & bodies in the management structure” - We've already secured offers with the current team

“No one is going to fund this operation until the management team is strong, complete and with the right person at the helm” - As above, already secured offers

“the percentage held by PPG of each gas site wont be the 80 percent that previous RNSs have stated, I would expect them to be more in the region of 45 to 55 percent” - Equity majority suggests higher your prediction but remains to be seen.

"I expect the share price to fall back as boredom and frustration sets in" - This has not happened, all we are seeing is volatility around the results not price falling back due to boredom, volatility usually demonstrates quite the opposite

Lol, so you got one point right, switching of the 3 remaining diesel sites to diesel..which savvy already told us all was happening via Rockpool updates...well done you, you nailed it! :D

[lilah1] 09/10/2018 11:28

Esmerelda in my opinion, is spot on with those assumptions

Some of you are just blind to the timings in the PPG play

Next year will be the make or break of PPG and until then, sit tight and hold. If the share price drops more, then decide if it is an opportunity or not to top up

[esmerelda] 09/10/2018 11:05

There is little in these results that supports your view. The cash flow statement shows increased negativity from current operations and the company states that income from the Triad (and other incentives) will be lower next year and beyond. The Directors statement suggests that income, in the short term will only cover costs, at best, and that an equity raise is on the horizon. There is little in the short/medium term to suggest this share is anything more than a hold. This is what they say in the Accounts -The Directors have based their opinions on a cash flow forecast, which assumes that sufficient revenue will be generated for working capital purposes and that operating costs will be kept to a minimum until adequate revenue streams are secured. In addition future plans for the Group will be funded externally through a mix of debt and equity financing, which at the time of signing the accounts had not yet been completed.

[lilah1] 09/10/2018 10:51

My predictions were pretty spot on

Remaining diesel sites swapped for a gas site

Funding is still some time off and unless your a long termer, there isn't much to hang around for

Down turn in the share price

Those of you who believe in the PPG story, its a good opportunity to buy more.

[a1m1investor] 09/10/2018 10:25

Someone desperate to get this lower accepting lower than the BID :D

Never thought it's get the chance sub 1p again, cheers, had some of that!

[maybesum] 09/10/2018 10:14

Who are the sellers one wonders? Same old rampers that's who. Market not impressed with finals tut tut......Debt Debt Debt.............

[dave4545] 09/10/2018 10:05

Looks like mm robbery this morning.

Somebody buying 500k blocks upto 1.19p then not long after somebody selling 250k blocks substantially below the bid at 0.93p

No wonder they make hundreds of millions a year

[1savvyinvestor] 09/10/2018 09:12

Fair enough . In a way no it wasn't real ! Should be higher last year too.

[bmcb5] 09/10/2018 09:08

Hi Savvy,

Was the profit last year also not real? I'm just comparing yoy, and it looks worse to me.

re the '12.5m higher than paper' - that has always been the case. Why would it rerate now?

Not here for an argument, and probably won't have chance to read again until this evening. Good luck to you all.

[a1m1investor] 09/10/2018 09:08

Lol, Bmcb5 desperately trying to find any negativity he can from the results, Lol, who'd have thought it!! :D

Facts are, Co massively undervalued against effective current net asset value, operating in a much more stable environment and they appear to have their pick of finance options to develop gas sites as majority holders which if it comes off will see the Co worth 100's of millions...read it and weep bmbc5, I know how much you hate to be wrong! ;-)

[montynj] 09/10/2018 09:05

"If we were permitted, under accounting rules, to include our share of the nine companies co-owned with Rockpool, our net assets would be at least GBP12.5 million greater than disclosed in the balance sheet. Our share of the profit, as well as loss from the six operating sites, would have added GBP3.041 million to our turnover and GBP1.622 million to our income statement."

[1savvyinvestor] 09/10/2018 08:57

No time for a detailed reply but the loss is not "real". Income and assets hidden behind accounting rules . They also mention that assets 12.5 million higher than paper accounts . Pretty positive in my view

[a1m1investor] 09/10/2018 08:57

"If we were permitted, under accounting rules, to include our share of the nine companies co-owned with Rockpool, our net assets would be at least £12.5 million greater than disclosed in the balance sheet"

So an effective £13m+ net asset value against current £8m mcap...should see share price 50% just to reflect current net assets so actual valuation here given potential will be much higher. Good times, massively undervalued here at current price which the market will pick up on.

[bmcb5] 09/10/2018 08:55

I'm not sure I buy this reasoning. If they had completed the bond, surely they wouldn't have needed gas site portfolio funding partners (other than minority funding)?

"The board has put on hold the Company's earlier planned GBP50 million bond raise because of the obligation for potential gas site portfolio funding partners to take a first charge against the Company and its assets."