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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plutus Powergen Plc | LSE:PPG | London | Ordinary Share | GB00B1GDWB47 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.025 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
18/1/2021 23:16 | Patience, just under 11 months and it will be | sweet karolina2 | |
18/1/2021 14:31 | why is this ponzi scheme not delisted yet? | george stobbart | |
17/1/2021 13:02 | AMOISPAC £900k Cash £900k McapSpecial Purpose Acquisition CompanyShells are trading at multiplesAMOI Listed 26Oct raised $1.2M cashCurrently trading at cashPerfect opportunity | alexios1201 | |
13/1/2021 00:21 | pablo, An RTO is defined as any transaction where what comes in is bigger than what is already there. As there is nothing there, what comes in has to be bigger. The way the RTO would work, if it happens at all, which is unlikely but not impossible, is PPG will issue new shares at a price that values existing equity at about £200k plus net current assets and values whatever is coming in at a fair price. Normally the point of reversing into a shell is to get a listing and raise money. Part of the readmission process involves the new company having enough money to achieve its programme and cover admin costs for at least 18 months. The cost of doing an RTO and readmission document is around £300k in fees and the placing that goes with it will have broker commission - normally about 5% of what is raised. If the placing does not happen because investors don't want to put up the money the broker gets nothing, but some of the other fees are still payable. Some can come out of the placing, but given the uncertainty some will need to be covered from pre-existing cash and that is why a placing is needed ahead of the main RTO placing and it needs to be done whilst PPG is still trading (under 5 months to suspension). The reason why the RNS was released saying no reason for rise and we need to raise cash is to get the shareprice back down, otherwise nobody in their right mind would buy into the first placing unless it was at a 90% discount. The really smart way to play this is not to play at all and if you do hold to use fools rises like this to get out. If an RTO does get announced then the shares will suspend whilst a readmission document and all the DD is done. If at that point you like the sound of it, then contact the broker and ask to take part in the RTO placing, you will get all the documentation so you can do full research before you are committed and you would definitely get back in at a much lower price than you sold for. | sweet karolina2 | |
12/1/2021 21:05 | Fascinating posts today! | x1000 | |
12/1/2021 20:39 | Didn't see PPG made two RNS's on Thursday, the second saying they didn't know of a reason for the rise in the share price and they had enough money but wouldn't mind raising a bit more to assist in any RTO. Surely the way an RTO would work is that a decent Private Company would want PPG's listing and would reverse into PPG. They would be paying PPG by buying out it's shares. However, I'm confused, I copy below something from PPG's rns on Oct 9th : "Following the Demerger, the Directors consider that there is an opportunity for Shareholders to realise value through the Company completing a reverse takeover of another business. The Directors will use their knowledge and experience to seek to identify a suitable reverse takeover target. There can be no guarantee that they will be able to identify or successfully acquire a suitable reverse takeover target during the period that the Company is a Rule 15 Cash Shell or thereafter." This latter seems to infer PPG will takeover another business but I can't see how that would be a 'reverse takeover'. Any thoughts on the idea/process anyone? I realise it's all b*ll*cks and almost certainly Tatnall will achieve nothing | 2pablo | |
12/1/2021 19:36 | Smcl Your a complete fool | zxie | |
11/1/2021 15:58 | Yes fill your boots mugpunters you know it makes sense. Just don't come crying when you lose all your money - your money, your investing decisions and only yourselves to blame. | sweet karolina2 | |
11/1/2021 08:57 | Agreed Shirley - Sweet Derampolina..... | smcl | |
11/1/2021 08:49 | If sweet jar is deramping its a buy. He's a broker tea boy. They all want in. News coming | shirley83 | |
11/1/2021 07:38 | £2.4m MCap for a dirty shell that needs to raise more cash to do an RTO. Bargain - about 10 times over valued already, which is just another reason why an IPO of a new business looking for a listing makes far more sense than an RTO into this uber dog. Suspension now 5 months away and full delisting 11 months away. Tick tock - the opportunity for mugpunters to waste even more money on this dog is slipping away. | sweet karolina2 | |
09/1/2021 20:39 | Love all the derampers on here. All we need is Dave4545 sticking his two pennies worth in here. That’s always a sure fire sign of a massive bounce back up. Some decent money ploughed in here yesterday, even after the RNS. Next week should be fun. | intheknow69 | |
09/1/2021 19:45 | Will be back down to previous levels next week. Given the clowns in charge here and the awful track record they have, any company wanting to reverse into this “dirty” shell will have had to have done their due diligence to the nth degree. Hopefully, no one will be that stupid...but you never know. | rhug1966 | |
09/1/2021 15:57 | Hope so Czar Monday be interesting We wait and see what happens | ak62 | |
09/1/2021 10:07 | This is going to be a really big winner, at least a 20 bagger, the move up to .082p is just a signal for what lies ahead imho. | czar | |
08/1/2021 20:48 | The Company has ‘adequate cash resources’ and let’s get the placing done shall as well need it urgently 😁 | ak62 | |
08/1/2021 19:53 | New placing coming | justtrying1 | |
08/1/2021 17:24 | At the current time the Company has adequate cash resources and working capital for 12 months . However, the Company is considering short term funding options to assist in covering the additional costs of any potential future reverse takeover transaction | ak62 | |
08/1/2021 15:34 | Pretty obvious why this is running up "The Company's Directors are focused on sourcing an appropriate reverse takeover candidate for Plutus" | czar | |
08/1/2021 15:14 | Pumpers vanishes | justtrying1 | |
08/1/2021 14:32 | Great to see the usual trolls on a thread for a stock that goes up 200% in a day LOL | intheknow69 |
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