Powerhouse Energy Share Discussion Threads

[skinny] 22/6/2021 09:06

Hmmmmm - more new 'posters' who have been registered here for a day or so and only posted on this thread!

Just filter the noise.

[ken chung] 22/6/2021 08:24

I have almost given up hope that someone here could explain the company's ongoing relationship with its founder, who doesn't seem to want to be on the Board but seems to prefer to be their 'consultant', which I personally find difficult to understand and which previously resulted in the company giving 40% of its shares to his private company, which they were already paying £20k per month it seemed to exist; and he is still their consultant, now with yet another go between relationship with yet another newly formed private company that has no track record as far as I can see.

How much is he being paid, what does he expect to get out of it in future and why isn't the work being done either by him from within the Company (with greater transparency and for the more direct benefit of shareholders) or by another employee?

I make no accusation of wrong doing.

[going down1] 22/6/2021 07:44

I can understand why the CEO and a Director are leaving shortly, when only this month the Chairman admitted to Zak Mir:"I don't want to suggest everything will go smoothly for the first of the kind. It may spew out some things we didn't expect or didn't want"Better bets elsewhere, unless you are a shorter imo.

[cato the elder] 21/6/2021 18:21

Ken Chung is one of the trash talkers on other share boards too - Zoetic being one of them. Just a caaaaaaaaaaaant with a short position that he's trying to protect - at best.

[daisymax1] 21/6/2021 17:40

Ken Chung post 15296. Kibo don't seem to be doing very well at all do they? Is this one of the Companies that you were raving about and suggesting 20x bagger?
Don't think so.

[shorting bot] 21/6/2021 15:30

Once the shorting bots are switched on they fall like a stone.

[antonagis] 21/6/2021 14:15

KENNY CHEUNG should just stick to kung fu fighting.

[vatnabrekk] 21/6/2021 09:19

Has Ken got yet another new login?

[smokey 1o3] 21/6/2021 08:51

going down - of course their may be teething problems as would be expected with any new venture. That you think otherwise is naive, as it is that risk you are taking on if you invest here DYOR and LOL

[going down1] 21/6/2021 07:46

In the recent damming words of the seventy six year old Chairman, Interview with Zak Mir, 6/6/2021:"I don't want to suggest everything will go smoothly for the first of the kind. It may spew out some things we didn't expect or didn't want"

[ken chung] 21/6/2021 07:31

Down 13.5% on Friday and looking weaker by the day.Yet another CEO departing this month, along with a Director next month; a track record of falling behind and changing track; and a relationship with the founder who doesn't want to be on the board but seems to prefer to be their 'consultant', which I personally find difficult to understand and which previously resulted in the company giving 40% of its shares to his private company, which they were already paying £20k per month it seemed to exist, and which no one here has been able to explain as far as I can see; and he is still their consultant, now with yet another go between relationship with yet another newly formed private company that has no track record as far as I can see. How much is he being paid, what does he expect to get out of it in future and why isn't the work being done by him from within the Company for greater transparency and benefit of shareholders, or by another employee?Almost as bad is the Chairman recently seemed to admit to Zak Mir they could still face issues with building a commercial scale unit. Take a look at the market caps of KIBO and MAST to see this looks 20x over priced.Lemmings and mushrooms only.

[smokey 1o3] 20/6/2021 23:46

juju - have a little more patience as all this will presumably have to be clarified by the end of June in the annual report.

[vatnabrekk] 20/6/2021 22:23

juju, I'm not sure that we can be certain that they haven't found a replacement CEO. They may have identified someone, but there could be a delay before he/she starts, for any number of reasons.

[juju44] 20/6/2021 20:36

So what is your view on why after 7 months searching we still have not found a CEO ?

And after a year plus why have those duffers Peel not laid a block ?

[smokey 1o3] 20/6/2021 19:51

DECCERI - COME ON GET IT RIGHT DYOR - David is staying on as a consultant to help ensure the successful commissioning of the first plant at Protos. The announcement you refer to actually reads as follows:-

David Ryan will step down from his full-time role as Chief Executive Officer of the Company on 30 June 2021. Thereafter he will continue to work for Powerhouse as a consultant to help ensure the successful completion and commissioning of our first DMG plant at Protos.

[tenapen] 20/6/2021 19:45

More sneaky comments from JuJu.

But unlike chung = deccer and going down1 - JuJu isn't worth a response

[juju44] 20/6/2021 19:26

Thing is does a right person want this job based onn history to date - or lack of it

[hoper1] 20/6/2021 17:24

Better to wait 8 months and get the right person than rush in after one month and get a duffer!

[juju44] 20/6/2021 15:14

Where is the new CEO ? They have had 7 months to get one

[tenapen] 20/6/2021 13:57

..... Growth for the next decade"


for the benefit of chung deccer and our new boy, going down ... A decade is ten years long :::MUGS:::

[tenapen] 20/6/2021 13:51

20 November 2020

Directorate changes

Powerhouse Energy Group plc (AIM: PHE), the UK technology company commercialising hydrogen production from waste plastic, announces that David Ryan will step down from his full-time role as Chief Executive Officer of the Company on 30 June 2021. Thereafter he will continue to work for Powerhouse as a consultant to help ensure the successful completion and commissioning of our first DMG plant at Protos.


The board will now commence a search process to recruit Mr Ryan's successor.


The board has also accepted Mr Ryan's request to concentrate specifically on the technology, delivering the application on the Protos project and on building Powerhouse's executive management and operating teams. He will therefore relinquish responsibility for PR, IR, stock market relations and for some international business development work.


During the transitional period before a new Chief Executive Officer is in post Tim Yeo, the Company’s Non-Executive Chairman, will be responsible for these functions and will be designated Executive Chairman.

Tim Yeo, Chairman of Powerhouse Energy Group said:

“David Ryan has rendered outstanding service to Powerhouse during his time as Chief Executive and overseen enormous progress for which I am very grateful. The board is very pleased that he will be continuing as a consultant after he steps down as CEO to help us deliver the Protos plant. In addition to driving this project forward David will spend the next seven months building the executive management team which will complete Powerhouse’s transition to a fully operational company. We look forward to welcoming a new Chief Executive Officer in due course.”

David Ryan, Chief Executive Officer, said:

“Powerhouse is at a critical stage of its development, we are a company poised for growth in the next decade. I believe that putting the team in place for that delivery during the project in coming months will have the benefit of providing them with the delivery experiences to guide future decisions. My challenge will be to concentrate on the key issues to deliver an operating process to specification and to nurture a younger team to deliver growth for the next decade.”