Plutus Powergen Share Discussion Threads

[lilah1] 12/3/2019 11:54

May be if they didn't spend so much of their time on the other projects they are involved in floating (Stranger, Fandango and Papillion) we might have got this across the line earlier.

[lilah1] 12/3/2019 11:10

2 years and 4 months since PPG started talking about funding for gas sites and battery storage. How much longer can this possibly take. Surely it must be in the bag. What can be holding this up and why don't we hear anything on this process. Its funding or bust, so it has to be funding, so tell us what's happening

[wakeland] 08/3/2019 10:28

To describe those cracks as 'hairline" seems a bit reckless!

[lilah1] 07/3/2019 16:25

So this is how long we have been waiting on gas sites, battery storage sites and the funding of

RNS 21 November 2016

Plutus PowerGen plc, is pleased to announce that it has received an offer by 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.

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, it is envisaged that this figure will significantly increase during H1 2018.

RNS 19 January 2017

Targeting at least 120 MW to be operational and an additional 120 MW post planning by the end of 2017, including new initiative with gas fuelled plants

Post-period end, indicative partnership agreed with Big Six utility company to fund 20% of future renewable fuel and gas powered projects

Total pipeline (including FlexGen and Gas) remains at over 700MW

Gas sites being sought - several under review and two in the planning process

May RNS 2017

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. 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.

RNS 14 September 2017

Strategic shift to the development of higher margin gas operations - 80MW in planning

Post year end joint venture agreed to develop battery storage sites

Strong pipeline of future gas and battery sites expected to significantly increase revenue and profitability

Key areas of focus:

The group is now diversifying into gas fuelled power generation and battery powered energy storage projects, which may also be used in conjunction with SolarFlex and gas-powered generation sites. The management team has been working to develop and progress a pipeline of gas powered sites in which we intend to hold majority stakes but may also be joint ventures. 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

Strategy:

In addition to our planned focus on installing gas engine capacity, 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. Our strategy with respect to the green diesel sites is - alongside Rockpool - to either sell these after the end of the EIS qualification period or to make an offer for the 55.5% we do not already own. Our relationship with a leading Big Six multinational utility company to fund up to 20% of any 20MW renewable fuel or as 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. It also gives us additional flexibility in funding our various project types going forward including Gas, SolarFlex and Battery Power Storage.

Objectives and strategy: g

Our most significant strategic shift is our decision to diversify into gas powered engines. We started this process in the new year, and now have 80MW of projects in planning and a further 120MW in the pre-planning stage. This means that we are aiming for around 200MW of gas-fired generation over the next two to three years, and we continue develop our overall pipeline of 700MW further.

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.

RNS January 2018:

Charles Tatnall, Executive Chairman of PPG, said. 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.

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.

120MW now in operation with a further 60MW targeted for 2018 excluding gas sites
Expansion into energy storage projects with London and Devonshire Trust
Strengthened gas site pipeline with development partners

21 November 2018

The Company has a pipeline of other gas sites, potentially more than 300MW in aggregate, which it intends to develop with a majority interest.

Plutus' acting CEO James Longley said, "We are delighted to be advancing our strategy to move into the construction of higher-margin gas-powered FlexGen sites with our first project in Kent soon to commence development. We have an historical relationship with Rockpool that has successfully developed multiple sites across the UK and we look forward to continuing this as we develop Medway. Furthermore, discussions are continuing to secure funding for additional majority owned gas sites across the UK and we look forward to updating the market on our

[pbanus] 06/3/2019 17:40

One thing you can guarantee is that 1savvyinvestor wont be there at the same time as the Chairman, they can't be seen in the same room together, he'll be making his excuses again, as he did for the AGM and the last time they exhibited...

[lilah1] 06/3/2019 14:20

Can you please furnish us with the salaries that each director is being paid

[lilah1] 06/3/2019 10:47

PPG exhibiting at the UK Investor Show on the 30th March:



Queen Elizabeth II Conference Centre London

Anyone want to go and ask the big questions?

They were there last year but had nothing to offer, which is reflected clearly in the share price. Not really much point them being there unless they have something to talk about.....so will they??!!

[lilah1] 06/3/2019 09:19

RNS October 2018: “securing sufficient finance to commence building up our gas sites in the coming few months” a few months has turned in 6 months. Still over promising and underdelivering. How much more time is this going to take, really poor show by management

They have been saying something along the above line for nearly two years now and is one of the main reasons why we are where we are. Sadly there is no confidence out there re PPG or its management.

[pbanus] 04/3/2019 12:03

so the question arises, how can the SPVs be profitable, but the group accounts show a loss.....ummmmm, oh, exhorbitant D I R E C T O R S S A L A R I E S.

[1savvyinvestor] 04/3/2019 11:39

Here is one of the spv links. This is for "Equivalence energy". Turnover £1.1 million , gross profit £934K. High admin expenses in first year of running which will decrease. Full profit after deductions £266K. the other four spvs have similar figures.

Attune which has been running for longer now has turnover of £1.5 million; bottom line profit £535K

[petersinthemarket] 04/3/2019 11:07

Perhaps interesting, if you can access it, which I cant.
Why not post the tweet instead of a link?

[isa2020] 04/3/2019 10:22

https://mobile.twitter.com/PlutusPowerGen/status/1102261014748377090Interesting tweet

[petersinthemarket] 03/3/2019 01:41

Don't ask us, ask the directors.

[pbanus] 01/3/2019 11:45

no posting of company accounts and continued selling of large chunks of shares, is insolvency looming?

[1savvyinvestor] 01/3/2019 11:06

Here is the government doc ;

[1savvyinvestor] 01/3/2019 11:06

oh Peter, what a wag!! But seriously it seems to underpin the likelihood that CM will be re-instated. Nothing but nothing is certain with Brexit looming. Not going to write anything too bullish as with my track record here I'm not going to be believed!! But if CM is in place and further news drops maybe just maybe we can build from here share price wise

[petersinthemarket] 01/3/2019 10:32

It means this dog will still be a dog in another 12mths, if it lives.

[lilah1] 01/3/2019 10:24

So what does that mean for PPG in simple English

[nw99] 01/3/2019 09:50

Government confirms intention to make deferred payments subject to state aid and providers compliance with scheme

[maybesum] 28/2/2019 15:07

Where are the accounts for the 5 SPV's??? WHERE ARE THEY Longley Tattnall Lazeric???!!! What are you DOING for your OBSCENE wages!!!??