Powerhouse Energy Share Discussion Threads

[juju44] 30/6/2021 17:32

hxxps://fuelcellsworks.com/news/peel-nre-signs-deal-to-supply-hydrogen-to-element-2-refuelling-stations-with-first-planned-at-protos/

Make of it what you will

[daisymax1] 30/6/2021 14:25

Chung, why are you on this Board? Nothing you ever say is positive, do you actually own any shares in PHE or do you just get kicks out of being Negative all the time?
I will make up my own mind on whether I keep my shares or not, I don't need Trolls like you belittling the Company so do us all a big favour and push off to another BB where they might like the Ilks of you.

[coldspring] 30/6/2021 12:00

If this is the next big thing as you guys repeatedly say it is then why do the directors keep leaving. This is not your general turnover it's an exodus. Major concern. I really do hope that hydrogen can be produced in the way that PHE claim, at the required purity and in the required volume however there are significant hurdles to overcome and therefore massive risk of dilution and possibly failure. Good luck if you are in.

[vatnabrekk] 30/6/2021 11:48

I see that Ken has found some red letters on his computer. Presumably this makes his ramblings more authentic?

[volsung] 30/6/2021 11:40

Give over ken.
For you ze war is finish

[ken chung] 30/6/2021 11:33

1) PHE, 10/8/2020 (announced 10/8/2020):

Director Brent Fitzpatrick - leaves.


2) PHE, 31/3/2021 (announced 23/10/2020):

Chairman Cameron Davies - leaves.


3) Chairman Tim Yeo, PHE (Interview) 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"


4) PHE (Press release), 29/6/2021:

"the Company recognise that new sources of uncertainty may be discovered as qualification progresses"

And the word 'sources' is plural.


5) PHE, 30/6/2021 (announced 20/11/2020):

CEO David Ryan - leaves.


6) PHE (announced 30/6/2021):

Director Mark Berry - will leave before 2021 AGM.


7) PHE (announced 30/6/2021):

Director & Corporate Finance expert James Greenstreet - will leave after 2022 AGM.


8) PHE (Annual Results) 30/6/2021:

"As a result of design variations arising from the value improvement exercise for the site a Section 73 revision for the planning will now be submitted by Peel NRE. This is likely to result in a delay in the planned completion of construction and start of operation of the plant."

Total comprehensive loss, Yr to 31/12/2020 = £15,837,741



Lemmings and mushrooms only.

[zeppo] 30/6/2021 09:58

Skinny Thank you!


Turner Popes document includes:

'Potential for positive returns in less than two years

The fund raising completed earlier this year, along with inflow from Peel following anticipated financial closure of the Protos
project has substantially lowered the site’s residual commissioning risk. Indeed, Powerhouse now appears to be on a secure
financial footing which should reassure shareholders it will not be calling for additional resources in the foreseeable future. Having
already put a loan in place to help expedite the project, the Group has access to all foreseeable working capital/corporate needs in
support of both Peel’s post-COVID UK roll-out while also facilitating its planned overseas marketing and licensing drive The
adoption of a low cost, licence fee based business model leads TPI to believe that Powerhouse could potentially achieve cashflow
breakeven or better, based simply on the commissioning of just three Protos-sized projects (each targeting production of, say,
3.8MWe on site and exporting 3.4MWe electricity when in power-only operation and up to 2 tonnes of hydrogen/day when in
combined operation). Considering the lengthy existing project pipeline already under consideration by Peel, together with further
fees from expected feedstock testing and site-specific engineering work, TPI considers that full integration of Waste2Tricity
Limited following its acquisition at the end of June 2020 might enable the capital-light Group to start generating returns for
shareholders within the next two years, based on its expectation of having three fully operational sites plus a further four under
construction by then. During this period, Powerhouse is also expected to have progressed its planned international licensing
project in place with selected, well-financed partners based on exclusivity terms similarly to those it has already negotiated '

[zeppo] 30/6/2021 09:16

The state of the Board is puzzling if we are so near to success.

Do we a huge 'Goodwill' liability?

'Goodwill

The acquisition and hive up of Waste2Tricity resulted in goodwill arising of £57.15 million. The Company is required to assess the carrying value of goodwill on an annual basis and commissioned an independent third party to carry out a valuation. This has resulted in an impairment charge for the year of £14.2 million to leave a carrying value of £42.96 million. The carrying value is supported by, and dependent upon, the roll out proposals for the DMG technology and underlying revenue streams which will arise therefrom.'

[volsung] 30/6/2021 09:09

Market seems to like it

[moontheloon] 30/6/2021 09:08

Well buying trade seems to be brisk.

[replicas1967] 30/6/2021 07:46

Are you a 🦜

[ken chung] 30/6/2021 07:44

Three more reasons to sell:1) Another one getting out:"Non-executive Director Mark Berry will not stand for re-election to the Powerhouse board at the next Annual General Meeting and will step down before the 2021 AGM."2) Yet more delays:"As a result of design variations arising from the value improvement exercise for the site a Section 73 revision for the planning will now be submitted by Peel NRE. This is likely to result in a delay in the planned completion of construction and start of operation of the plant."Like I previously said, don't expect anything before 2023, that is if they can overcome any other unforseen issues imo.3) Total comprehensive loss = £15,837,74.Lemmings and mushrooms only.

[replicas1967] 30/6/2021 07:29

They are pre revenue

[ken chung] 30/6/2021 07:27

Total comprehensive loss £15,837,74.Lemmings and mushrooms only.

[ken chung] 30/6/2021 07:23

Yet more delays:"As a result of design variations arising from the value improvement exercise for the site a Section 73 revision for the planning will now be submitted by Peel NRE. This is likely to result in a delay in the planned completion of construction and start of operation of the plant."Like I previously said, don't expect anything before 2023, that is if they can overcome any other unforseen issues imo.

[ken chung] 30/6/2021 07:19

Another one getting out:"Non-executive Director Mark Berry will not stand for re-election to the Powerhouse board at the next Annual General Meeting and will step down before the 2021 AGM."

[skinny] 30/6/2021 07:07

.

HIGHLIGHTS OF 2020

Commercial Activities

-- Commercial terms signed with Peel NRE under which Powerhouse will receive an annual license fee of GBP500,000 for each DMG(R) plant built in the UK;

-- Peel NRE awarded an Option to enter into an exclusive agreement for the development of DMG(R) Technology in the UK and indicate plans for more than 70 sites UK wide;

-- Acquisition of Waste2Tricity Limited completed;
-- Heads of terms signed for first international application of DMG technology;
-- Post year end award of revised Statement of Feasibility from DVN for the enhanced DMG design.

Project Progress

-- Planning permission for first DMG application on Protos site granted in March 2020;
-- Completion of the front-end Engineering and Design;
-- Completion of Value Improvement and enhanced export options for Protos to provide commercial flexibility for Peel NRE;

-- Planning commenced for second site in Clydebank, Scotland.
Financial Performance

-- GBP5m fundraise and engagement of cornerstone financial and industrial investors;
-- Peel Holdings (IOM) Ltd granted warrants to acquire new shares equating to 10% of the current issued capital of Powerhouse triggered by announcement of the Financial Closing of the Protos Project;

-- Powerhouse secured first payments in year;
-- Post year end fundraise of GBP10m to protect schedule for Protos and engage in Protos Special Purpose Vehicle.

Organisation and Growth

-- Reorganisation and strengthening of the Board;
-- Recruitment of operational and technology development team;
-- Establishment of new Board committee - the Environmental Social Governance committee.
The annual report and accounts for the year ended 31 December 2020 will be sent to shareholders shortly and will be available to view on the Company's website: www.powerhouseenergy.co.uk

[skinny] 30/6/2021 07:03

.

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from non-recyclable waste plastic,
announces two directorate changes.

Non-executive Director Mark Berry will not stand for re-election to the
Powerhouse board at the next Annual General Meeting and will step down before
the 2021 AGM.

Non-executive Director James Greenstreet will postpone his retirement from the
board until the following AGM in 2022.

Tim Yeo, Executive Chair, said: "I thank Mark Berry for his time on the board
and wish him luck for the future. I am pleased James Greenstreet will delay his
retirement from the board until early next year."

-ENDS-

[schofi2] 29/6/2021 21:01

MMS manipulation for under the counter trades.

[juju44] 29/6/2021 20:34

You have to question what you see

[vatnabrekk] 29/6/2021 19:43

We don’t have any rampers on here, but plenty of trolls.

[coldspring] 29/6/2021 17:54

2 huge sells now printed, one or more holders have had enough of the waffle. Gone very quiet have the rampers......