Powerhouse Energy Share Discussion Threads

[schofi2] 16/7/2020 10:03

tonsil
Different technology. I found this interesting.
"the system’s main byproduct is carbon dioxide"
seems to defeat the whole object.
PHE on the other hand has virtually no byproducts.

[supernumerary] 15/7/2020 20:46

tonsil - thanks for the link - I think there are a few companies there competing in the same space. Most are probably ahead of phe, but local factors may give phe an advantage in the UK.

I thought this was an amusing quote:

'Not everyone is convinced that waste-to-hydrogen solutions can make a significant contribution to scaling green hydrogen production in the US. Thomas Koch Blank, an industry and heavy transport analyst at the Rocky Mountain Institute, a nonprofit clean-energy research organization, says issues with waste availability could be a major barrier. He points to Sweden and Norway, two countries that invested heavily in waste-to-energy systems and quickly faced a garbage shortage as the demand for trash outstripped supply. Today, both countries import their trash from elsewhere in Europe to feed their waste-to-energy systems.'

Maybe Britain could become the world's trash import centre :¬)

In practice there's no lack of waste in the UK, but of course it's got to be the right kind, and available at the point of processing - transport it too far and the input costs swamp the benefits. My doubts about the overall business model remain, but time will tell...

[tonsil] 15/7/2020 19:09

Seems like a doppelgänger company to PHE is ahead of ushttps://www.wired.com/story/will-the-hydrogen-revolution-start-in-a-garbage-dump

[stokey12] 15/7/2020 16:47

Deccer1 In relation to your 13564 post I will only answer your last question. The answer is nothing as W2T is now a wholly owned subsidiary of PHE the rights you mention now revert back to PHE. When PHE bought the entire issued share capital of W2T they bought all the assets of W2T including the development rights they had. The only asset that was not included was the interest in W2T Thai. The reason for this is that under a Share Purchase Agreement this company is being sold with the disposal of W2T interest in W2T Thai being completed by September of this year.

All of this would have been clear to anybody who read and understood the shareholder circular/notice of general meeting.

[vatnabrekk] 15/7/2020 14:37

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."

[volsung] 15/7/2020 14:13

Ken should try magic mushrooms

[deccer1] 15/7/2020 13:54

The interview was useless and came over as a sham to me, save for clarifying it will take more than 12 months to build a first full size unit at Protos, which they still have not started. So construction will probably not finish until 2022. Then it has to be tested and certified, which will take more time and money, and remains high risk and could still fail.

The key questions remain unanswered:

1) Why did quoted public company PHE outsource work to private related parrty company W2T and pay them £20k per month to do it, instead of paying the same people the same amount to do the work in-house within PHE, so preserving more benefit for PHE shareholders?

2) Why did quoted public company PHE deliberately put themselves over a barrel to private related party company W2T, by granting them exclusive marketing rights, which they then had to give away 40% of the quoted company to get back shortly afterwards?

3) Why did quoted public company PHE renew related party company W2T's two year agreement, instead of letting it lapse, at presumably no further cost to PHE?

Surely the agreement with W2T included a reversion clause to ensure all rights reverted to PHE on lapse, or was that deliberately omitted?

4) Why did quoted public company PHE give away 40% of PHE (worth over £60 million in todays market, once the extra shares are taken into account) when only a few months before, AFC sold their 24% stake in W2T to W2T for only £24k, valuing 100% of W2T at a tiny £83k? Even 5% would have been too much to give away on that basis.

5) Why did PHE leave W2T still holding the Asian rights after the buy-back, including for Thailand and Japan?

6) Was there always a plan to enable private related party company W2T and its beneficiaries to step at the last minute and get a big stake in PHE, without the shareholder dilution of being in PHE from the start and doing the same work within PHE?

Certainly, the result is that there has been a very large transfer of value from PHE shareholders, to W2T beneficiaries. This seems questionable and potentially scandelous to me.

7) How much more stock will PHE have to give W2T's beneficiaries to get the Thai and Japanese rights, or what slice of future revenues will W2T beneficiaries take if PHE do not get the rights back?

8) How much more dilution is coming?

Answer all that directly, if you can !!!!!!!!!!!!!!!!!

[smokey 1o3] 14/7/2020 17:15

Ken
I do hope you are feeling better
Suggest you leave the picking of mushrooms to those who know what they are doing.

[vatnabrekk] 14/7/2020 17:04

Now we can move ahead with the real business!

[juju44] 14/7/2020 17:01

Surprised the share price gained nothing out of this vote

[nefabeta01] 14/7/2020 16:20

Yes - all resolutions agreed - 99% voted for the merger.

[superbarnet] 14/7/2020 14:20

The journey to 8p starts today GLA

[superbarnet] 14/7/2020 14:16

Looks like all agreed given price move. Expect rns this afternoon.

[zeppo] 13/7/2020 18:02

White family not looking for a quick buck. Hoping to stay with this for a decade or more.

hxxps://t.co/qCgO6TpKB5

[tenapen] 13/7/2020 12:19

..... and some will !


8p coming, LOL

[stokey12] 13/7/2020 08:34

Croxie I take it that your 13552 thread relates to this morning's RNS and the drop of the share price by 20% so far. I am sure tellsid will be on soon telling us to sell PHE and buy EQT.

[croxie] 13/7/2020 08:10

Yes wrong thread...But EQT...WOW! absolutely played!

[greyseal] 11/7/2020 06:36

Thanks Whatsthepoint..... I believe in the technology and the Company but at this stage of the masterplan I am a little nervous that £150m is quite high for now. AIMHO

[supernumerary] 10/7/2020 21:17

So what you're saying is that once they've got funding, and once they've got a working product the price will soar?

I look forward to it...

[whatsthepoint] 10/7/2020 19:34

I think we are at fair value but lots of upside once full funding is in place for the first 11 projects. All in my opinion.

[greyseal] 10/7/2020 13:18

Whatsthepoint...... what do you see is a fair value of the Company after the acquistion? PHE is currently at £85-90m. Adding W2T on a simplistic 60/40 basis, takes us to £140-150m at recent share price

Thanks

[smokey 1o3] 10/7/2020 11:27

Ken
Still suffering from the mushrooms?
stokey
You are spot on. This is a pilot with all the risks that go with that but I put my trust as you do in the business skills of Peel, who have as much at stake as we do.
LOL