Powerhouse Energy Share Discussion Threads

[vatnabrekk] 01/7/2020 19:32

Yes Zeppo, that's my take on it anyway.

[zeppo] 01/7/2020 19:07

An up-to-date interview:.

www.proactiveinvestors.co.uk/companies/news/923214/powerhouse-energy-ceo-updates-on-commercial-development-and-plans-for-future-rollout-923214



Additional positive details could have been included eg from the 'Notice of General Meeting' document:
The final paragraph of 'INFORMATION ON CURRENT TRADING' Includes:

'Cash has continued to be managed during this period by the avoidance of unnecessary spend and in utilising share settlement deals with contractors where appropriate.'

Does this imply that contractors have enough confidence going forward to be paid in shares?

[bradders51] 30/6/2020 11:06

This is the bit I like:
"Company has continued its focus on prudent cash management during the year with a strategy to avoid dilution via new equity raises."

[stokey12] 30/6/2020 09:58

Hazy Fantazy Judging by your post 13463 you have not read the annual accounts. PHE does not have any long term debt. The balance sheet deficit is less than £13,000. The post period events have wiped this out. Can you explain by reference to any metric you like howyou come to the conclusion that PHE is insolvent.

[m4rtinu] 30/6/2020 09:25

Mac - hilarious!! 😀

[cmackay] 30/6/2020 09:17

Contract in place with Peel. Peel are confident in the technology. I trust them more than a stranger with an internet connection casting doubt.

[vatnabrekk] 30/6/2020 08:29

It's not about the current position.
It's about the potential.

[hazy fantazy] 30/6/2020 08:21

Mugs maketh markets.

It's insolvent and it looks like it's taking over an insolvent company!

Keep buying mugs!

[superbarnet] 30/6/2020 08:04

Market likes the results

[ken chung] 30/6/2020 07:51

Losing money and taking on more staff.

Still not built, tested or certified a single commercial size system.

Lemmings and mushrooms only.

[volsung] 30/6/2020 07:49

Ken is a lemming and eats mushrooms

[whatsthepoint] 30/6/2020 07:49

At least we are all very wealthy lemmings and mushrooms now. Whereas you must be in a real mess with your shorts. Keep burying your head up your a...

[stokey12] 30/6/2020 07:48

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.

[skinny] 30/6/2020 07:32

.

HIGHLIGHTS


Commercial Activities
· Collaboration contract signed with Peel to develop Distributed Modular Generation (DMG®) at Protos and ten further sites. Peel have committed that the DMG process will be the key component and a cornerstone of their "Plastic Parks".

· The relationship with Peel for the development of multiple sites across the UK has added to the value proposition for end customers of the DMG Technology.

· In December 2019 a heads of terms was entered into for an all paper acquisition based on a 60:40 valuation premise of the UK development partner Waste2Tricity Limited (W2T). Post year end, in June 2020, Company entered into a binding agreement and issued the Circular to shareholders setting out the logic behind the acquisition of W2T.

· Financing for pipeline of projects led by Peel Environmental and Waste2Tricity (W2T).

· Initiated tenders for the project engineering definition phase and potential EPC execution with a number of quality assured delivery contractors for the first application project at Protos.

· Continued negotiation with major overseas energy and engineering companies for exclusive regional representation in a number of international regions.



Progress to First Commercial Operation
· Contract announced for initial engineering programme for first DMG application enacted by W2T.

· Contracts were signed introducing Peel into the development at a site on Peel's Protos Energy Park in Cheshire as a waste plastic processing facility generating electricity and hydrogen.

· Engineering scope for Protos increased to accommodate production of up to 2 tpd of hydrogen from 35 tonnes of regenerated plastic waste feedstock.

· Planning submission completed by Peel for Protos Energy Park in Cheshire, followed by successful community engagement meetings and council briefings.

· Post year-end, in March 2020 grant of planning permission by Cheshire West and Cheshire Council.

· Post year-end saw the announcement of the commercial terms for Protos and future projects under the Peel Collaboration Agreement resulting in Peel agreeing to act as the developer of Protos and ten further DMG sites in the UK.

· Company will receive an annual license fee of £500,000 for each DMG plant that Peel develops.

· Post year-end Peel agreed an Option to enter into an exclusive agreement for the development of DMG Technology in the UK, once W2T has been acquired by the Company. On exercise of the option, the Company will be due £500,000 as a one-off fee.




Technology Development
· Engineering development continued and the DMG waste regeneration design capacity of generic equipment increased to 40 tonnes per day.

· Continued activity in technology risk management allowing removal of significant technology risk items through engineering activities with component suppliers.

· The laboratory scale unit became operational and added to Research Demonstrator capability with the Company broadening capability of third party feedstock trialing, laboratory services and consulting services.



Organisation and Growth
· Appointment of David Ryan as CEO, with strategic focus on activities associated with first application and necessary early commercial priorities.

· Post year end Powerhouse announced the appointment of Myles Kitcher from Peel, as a non-executive director of the Company.



Financial Performance
· Company has continued its focus on prudent cash management during the year with a strategy to avoid dilution via new equity raises.

· Aligned to this strategy the Company undertook a wide operational review to reduce monthly overheads by more than 25% and primarily focus on the immediate development programme.

· All Directors waived salary payments from April 2019 to extend the Company's cash through the entire first application project period.

· Engineering contractors and service providers demonstrated their commitment to Powerhouse though accepting fees in equity.

· Research and Development grants and VAT refunds helped keep cash flow positive during the year.

· Post year end, Powerhouse has received £100,000 from engineering work and expects income arising from contracts in hand to be of the order of £60,000, related to Protos project work.

· Post year end, the exercise of warrants issued in 2018 has enhanced cash by circa £285,000.

more.....

[ken chung] 30/6/2020 07:28

Losing money and taking on more staff. Still not built, tested or certified a single commercial size system.Lemmings and mushrooms only.

[superbarnet] 30/6/2020 07:20

Final results out this morning with no surprises

[smokey 1o3] 30/6/2020 01:24

stokey12 Thanks for your info/opinion.
I am a patient man and next year will be just fine.
Meantime, onward and upwards.
LOL

[stokey12] 29/6/2020 17:58

Smokey 1o3 In relation to post 13452 while the Chancellor is making a fiscal statement and has been under pressure to announce some money for a hydrogen strategy. My view is that PHE is unlikely to see any government money until the CfD Auction Round Four next year.

[smokey 1o3] 29/6/2020 17:06

Time is drawing nigh for the shorts and they will have to cover very soon.
I topped up today.
With Peel and Yeo involved could well get some Government Money for this shovel ready Green Project!
LOL

[schofi2] 29/6/2020 16:49

Hitting new highs tomorrow. MMs out of stock.

[juju44] 29/6/2020 16:39

Good finish

[tenapen] 29/6/2020 15:40

LOL

:-)

[schofi2] 29/6/2020 15:36

Must have hit a nerve, got a thumbs down. Now they are trying to get the sell quote price down by selling very low volumes at lower prices. Haha, best of luck with that.

[schofi2] 29/6/2020 14:25

MMs being squeezed here, lots more buys than sells and MMs trying to hide sells above quoted price.