Powerhouse Energy Share Discussion Threads

[whatsthepoint] 06/1/2020 07:57

It won't cause any dilution PHE are not finding it stop making things up

[barnes4] 06/1/2020 07:52

Rofl where is the money coming from?

[deccer1] 06/1/2020 07:51

In the quote at the end Robert Mee refers to the plant costing a hefty "£20 million". That is going to mean an awful lot more dilution for someone and sounds like someone has been economical with the truth about the true costs. Avoid.

[whatsthepoint] 06/1/2020 07:36

Sorry Ken that should read chums. I don't know how many chins you have.

[superbarnet] 06/1/2020 07:31

Only a complete idiot would short this stock

[whatsthepoint] 06/1/2020 07:29

You and your chins are going to be in big trouble if you persist on this strategy. This is PhE's year.

[whatsthepoint] 06/1/2020 07:29

Getting worried about your short Ken

[superbarnet] 06/1/2020 07:20

Should be a good day

[ken chung] 06/1/2020 07:15

Why couldn't PHE have applied for that grant themselves? What percentage of future revenues have W2T given away to Cheshire and Warrington LEP in exchange for the grant if it's a public private partnership? Why didn't PHE employ a few staff within PHE to do everything they have been paying related party private company W2T to do since 2017 at a cost of £20k per month, so preserving a larger proportion of future revenues for PHE and its shareholders?

[tenapen] 06/1/2020 07:06

David Ryan, CEO of PowerHouse Energy said:

“We congratulate W2T and Peel on securing this award





:::boom:::

[nelson5100] 05/1/2020 23:08

I note Waste2Tricity has just issued more shares at nominal value of 1p each.

Since buying and cancelling 340,500 shares at 5.87p on 28 Feb 2019 they have issued a further 161,500 shares at 1p nominal value and no premium. This includes 11,560 issued on 2 Jan 2020.

In addition, W2T issued 4,500 shares at £1.00 on 2 Jan 2020. This shareholder, unfortunately had to pay a 99p per share premium, unlike the other 11,560 shares issued on the same day.

I wonder why thede shares were issued at nil premium yet from 8 Nov 2018 to 1 May 2019 shares were issued at £8.18 each, a £8.17 premium per share.

[ken chung] 05/1/2020 15:29

AFC sold their 24% shareholding in W2T for just £20k a few months ago so that valued 100% of W2T at just £83k.

On that basis the proposed W2T takeover terms should be 99:1 in PHE's favour, not 60:40, but I will be generous and say 95:5.

You can still vote against it and the dilution, and demand better terms.

Lemmings and mushrooms only.

[zeppo] 04/1/2020 19:59

Share consolidation seems logical now.

Then?

Rights issue or takeover?

I certainly hope it is the former.

This company and this project has a massive, massive future!

[deccer1] 03/1/2020 07:53

Another thing is that under the 2017 agreement W2T were supposed to start repaying PHE the £20k per month PHE had been paying them, once a project was up and running.Now 36 months into the arrangement, that means W2T already owe PHE £720,000, increasing at £20k per month. By June 2020 it would have been £840,000 and by Dec 2020 £960,000.I doubt W2T could repay that and the fact the debt exists to PHE raises more questions about why PHE should be paying so much to buy W2T. PHE should get them for nothing in return for cancelling the debt imo.

[whatsthepoint] 02/1/2020 23:00

Correct but not necessarily any more issues as revenue will start on engineering contracts.

[tewkesbury] 02/1/2020 22:49

slatry this is how I see the calculation:

PHE already has 1.961 billion shares in issue (15/11/2019) so they will have to issue another 1.307 billion shares to buy Waste2Tricity on the 60:40 basis:


PHE 60% = 1.961 billion shares at present (15/11/2019)
W2T 40% = 1.307 billion shares to be issued to buy W2T

Total 100% = 3.268 billion shares after completion


So after the 60:40 takeover there will be 3.268 billion shares in issue, plus more issued on a regular basis to pay other ongoing costs.

The 1.307 bn new shares expressed as a percentage of the current issued 1.961 bn shares, implies 67% more shares, not 40%.

[slartybartfaster] 02/1/2020 21:18

Im confident in say 'fark' makes sense to you.

[slartybartfaster] 02/1/2020 20:21

elrico says there will be 40% additional shares if the merger goes ahead. hTTps://lemminginvestors.blogspot.com/?m=1

[whatsthepoint] 02/1/2020 15:17

Agreed that's what I have been saying all along.

[tenapen] 02/1/2020 15:08

Correct.


I don't visit another advfn thread where posters argue over the same imaginary outcomes over and over again. Let's wait for an RNS confirmation and then pull it to pieces :-)

Regards

[vatnabrekk] 02/1/2020 15:02

There will have to be a full explanation for the transaction if they want to get PHE shareholders' approval. A lot of questions need to be answered. I await in anticipation.

[deccer1] 02/1/2020 14:43

It wouldn't be so bad if W2T had already fully funded their share of costs towards the first 10 or 11 projects with PEEL but as far as I can see they have not.

If W2T had then PHE would be buying W2T to get those future additional revenues proportionate to W2T's funded stakes in each project, but as it stands PHE don't seem to be buying back anything in terms of future revenues as PHE will now have to fund W2T's share of future projects in order to get those extra revenues?

I think PHE always had the option anyway to contribute extra funding to get a larger proportion of project revenues. Surely they do not need to buy W2T to do that now?

Its even worse if you look at W2T's accounts to 30/4/2019. W2T had investments of only £27k and Net Liabilities of £371k. No reference to paid up stakes in any projects or a successful fund raise to help fund any projects. Maybe W2T were unable to raise the funds?

The mists thicken even more when you consider PHE presumably renewed W2T's original 2 year contract in early 2019, only to propose what seems to amount to buying themselves out of that contract now and paying a hell of a lot for the privalege.

Then also we discover AFC Energy sold their 24% shareholding in W2T back to W2T in 2019 for just £20,000 so valuing all of W2T at just £83,333.

This will all take a lot of explaining.

[tewkesbury] 02/1/2020 11:24

There is no way the proposed 60:40 takeover ratio can be acceptable to PHE shareholders.

PHE already has 1.961 billion shares in issue (15/11/2019) so they will have to issue another 1.307 billion shares to buy Waste2Tricity on the 60:40 basis:


PHE 60% = 1.961 billion shares at present (15/11/2019)
W2T 40% = 1.307 billion shares to be issued to buy W2T

Total 100% = 3.268 billion shares after completion


So after the 60:40 takeover there will be 3.268 billion shares in issue, plus more issued on a regular basis to pay other ongoing costs.

Write and telephone PHE's Chairman Cameron Davies to demand better (less dilutive) terms for PHE. I suggest 90:10 PHE:W2T.