Powerhouse Energy Takeover Rumours (PHE)


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Powerhouse Energy Takeover Forum Posts

Extract from th takeover document: "PowerHouse will continue these international business development activities of seeking industrial partner relationships, including the current W2T led Japanese and Asian customer liaison which will be taken in-house and become technically led."
schofi2 In respectof your 13484 post I am voting in favour of the takeover as having read the shareholder circular I am of the firm belief that it is in the bestlong term interests of PHE. I would observe that post takeover W2T will cease to exist in any form for more than a year.
Ok so who is voting for the takeover ? I’ll start. I am definitely in favour.
More positive PR. The opening sentence implies that the takeover is a done deal.
Ken Chung In respect to post 13456 as you could not tell the difference between selling 31% of the shares in a company and selling development rights I would not take your comments that seriously. Taking the annual report as a whole I am more positive especially as the takeover of W2T is likely to be approved in two weeks time. That will lead to PHE recieving another £500,000. I also found the list of the overseas markets being targetted encouraging.
Jaknife - In respect of your post 13427 When I said it was an enabling transaction I was referring to the fact that it enables Peel to take over as the developer of the DMG technology. As an avid reader of PHE RNSs you will no doubt recall that it was a condition of Peel exercising its option to take an exclusivity agreement for the UK that the takeover completes. It is this agreement that I had in mind when I said it was an enabling transaction.
Jaknife did you read that another shareholder will vote in favour as most who post have already confirmed. In fact I haven’t seen one post by a shareholder who is going to vote against the takeover. They all understand the way forward.
Jaknife - I see you have avoided commenting on the point I made in my earlier post that the takeover is an enabling transaction. As such it is a means to an end and the solvency or otherwise of W2T is immaterial. The 'value' is in what it enables and in my opinion the benefit of that to the shareholders of PHE is greater than the cost of the takeover of W2T.
Only because you are buggered if the deal goes through because you want the share price to collapse to save your short.You are just trying to make a case for not agreeing the takeover when you know none of the PhE shareholders would vote no as that would mean the company is toast, because the Peel deal would be dead in the water. PHE need the Peel deal and that’s why the share price has risen so high since the acquisition agreement
Just for the sake of clarification, upon completion of the takeover transaction, PHE will own 100% of W2T shares. At that point W2T will still exist as a company, but will be a 100% subsidiary of PHE. I note in the circular document (item 6, page 19) that it states "The Board will also commence steps to wind up W2T’s two wholly owned, dormant subsidiaries (W2T Protos and W2T International) and W2T as an entity as soon as reasonably practical after Completion." So at that stage the assets and liabilities of W2T will be merged with those of PHE and W2T will cease to exist as a company. I'm pleased that they intend to carry out that final tidy-up job, because it is the cleanest and most sensible way to complete the merger, in my view.
Why does everyone say they are paying 53 million that’s the market valuation that the market has set it has nothing to do with what PhE are paying The company is issuing paper to buy W2T the market valued that paper not PhE All shareholders who held shares on the day of announcement of acquasitiin have seen an almost ten fold increase because the market likes the takeover So all this suggestion of paying too much is complete nonsense
Jaknife - I think you need to re-read page 36 of the last annual report for PHE again. Assuming that you read it before. PHE has Net Debt Ratio of 0. Also it has a balance sheet surplus. If I recall the balance sheet surplus correctly it is higher than the W2T debt showing in the last accounts for W2T. I have emailed a question for the general meeting to confirm how much of the debt will be taken on by PHE and how much will be paid off. I am not sure which accounting method you are using to come to the conclusion PHE is technically insolvent. I accept that W2T may be technically insolvent but the takeover is an enabling transaction. Had you actually read the shareholder circular you would notice that the intent is to wind up W2T so te fct that it is insolvent is immaterial.
Deccer1 Have you actually read the shareholder circular? If you had you would have realised how wrong you are. Howard White cannot increase his shareholding without takeover panel clearance. Also you will hav noticed had you read the shareholder circular that Howard White has a service contract which specifies his salary which is in five figures.
All I know is this deal will get voted on by shareholders and from my understanding there is no way any shareholders would be so stupid as to vote against the deal. All shareholders want Peel to inject £500,000 and become the exclusive development partners in the U.K. It is in all shareholders best interest to vote yes. The takeover panel have given the green light now it’s just wait till the vote is complete and the company moves forward. All you negative posters are barking up the wrong tree. Time to move on
W2T don’t have any debt show me in the circular where it mentions any debt. This is truly a great day we will now get the Peel backing as it states they will pay £500,000 and takeover the fundraising requirement to build Protos and 10 further projects. So PHE knows it has a secure future and a forecast income of £5.5 million every year just in the initial deal with Peel. But Peel plan a lot more than 11
It's not the CEO's fault, they are waiting for info from W2T to be passed to the Takeover Panel.
It should not be necessary to halt the takeover pending publication of accounts by W2T because there should be audited up-to-date accounts prepared for the takeover in any case, and not necessarily as at W2T's normal financial year end.
We will have to wait for the details in the circular to shareholders, but I would expect that the W2T shareholders will be required to settle any debt before or during completion of the takeover transaction.
Jake Nife, it is disgusting that W2T had a £500k debt in April 2019 as you say and that PHE should be proposing to take them over in excange for 40% of PHE. Furthermore I do not see how PHE could do proper due diligence on W2T until W2T publish an updated set of accounts showing their current debt situation and details of interest payments liabilities. I think all shareholders should be demanding of PHE and the regulators, the takeover be halted pending publication of updated accounts by W2T so their debt and liabilities are clear for all PHE shareholders to see.
EQT have fantastic orders in the pipeline so dont miss out....more news flow next week should be great...also they have a patent on their technology also making them a takeover for their IP.
Takeover would be disappointing. We should hope for a long journey with this company. A small premium for a takeover now will give us far less.
LMFAO... Placi g been and gone. Looks like a takeover
So now that the shareholding has been confirmed, hopefully the takeover can move ahead.
Looks to me like the White family are in the process of quietly taking over PHE, with Howard, Josh and Ben all now being significant shareholders - assuming they are related. Not that there is anything wrong with that and interesting that Ben seems to have an office in Dubai, whch could be signalling another major market for the technology. Might not be much time left for PI's to buy shares before a official takeover process is announced. Could be in the 6p to 10p range in the blink of an eye.
2 were dated January of this year, 1 was February of last year. I take it that this means the White family will be under the percentage required to take it private? Just guessing, I'm not that familiar with takeover regulations.
I don't really see why there should be much further delay relating to the W2T takeover. When David Ryan stated that he expected the circular to shareholders could be issued in about 2 weeks, that was on 24th March, which was the day after lockdown. So he was aware of the situation at that time. So on that basis, we could see the issue of the letter to shareholders by the end of this week, or early next week.
Hopefully we should get news on the waste2tricity takeover next week.
The additional share issue for the takeover of W2T is hardly going to come as a surprise to anyone. Anyone concerned about dilution of the SP will have left the stage long ago.
If the MCAP sits at £53M after the takeover (assuming the price per share stays roughly where it is now) then to substantiate that level of MCAP at a PE ratio of say 30 would require a forecast Pre-Tax Profit of about £1.77M about two years hence. Surely that's not an unreasonable expectation if the enlarged PHE-W2T company is receiving £500k per annum licence fee from Peel for each DMG unit, which could be up to number 5 in a couple of years.
elrico, Sadly you are a typical lemming and mushroom punter. Listen to deccer1, he talks a lot of sense.
elrico, Sadly you are a typical lemming and mushroom punter. Listen to deccer1, he talks a lot of sense.
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