Share Name Share Symbol Market Type Share ISIN Share Description
Powerhouse Energy Group Plc LSE:PHE London Ordinary Share GB00B4WQVY43 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.03 0.94% 3.23 5,249,902 16:35:27
Bid Price Offer Price High Price Low Price Open Price
3.20 3.30 3.33 3.20 3.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy -1.71 -0.08 120
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:27 UT 70,000 3.23 GBX

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Date Time Title Posts
05/12/202022:43PowerHouse Energy - The New Positive Thread13,917
15/11/202002:01Powerhouse Energy + Pyromex - New Global force in Waste-to-Energy 1,343
23/7/202022:22Powerhouse energy- waste to energy The Future84
04/3/202019:23PowerHouse Energy153
22/1/202014:47PowerHouse Energy at UK Investor1

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Powerhouse Energy Daily Update: Powerhouse Energy Group Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker PHE. The last closing price for Powerhouse Energy was 3.20p.
Powerhouse Energy Group Plc has a 4 week average price of 2.43p and a 12 week average price of 2.33p.
The 1 year high share price is 4.55p while the 1 year low share price is currently 0.25p.
There are currently 3,715,100,693 shares in issue and the average daily traded volume is 8,080,627 shares. The market capitalisation of Powerhouse Energy Group Plc is £119,997,752.38.
rupert the bear: Hydrogen Utopia International Limited is directed by Aleksandra Binkowska who is Howard White's girlfriend. Howie is still a director of Waste2Tricity and he's a major shareholder in PHE. It's an undisclosed connected party deal designed to ramp the share price ... in other words yet another fraud!
deccer1: 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 !!!!!!!!!!!!!!!!!
stokey12: tewkesbury In relation to your 13516 post I agree with your first point. On your second point infact PHE will recieve a license fee of £500,000 pa for each DMG unit. PHE has not totally ruled out sometime in the future building there own DMG units when the funding is available. Your third point is also incorrect as Peel Environmental who would be the development partner in the UK will be responsible for the costs of building the DMG units. PHE will therefore not have tocarry the costs of having to get DMG units up and running. In relation to your fourth point the current PHE pipeline consists of 11 sites for Peel Environmental plus another 24 for other customers giving a total of 35 sites. With license fees at £500,000 per site this gives PHE an income excluding any income for maintenance of £17.5m this is an annual income. On a P/E ratio of 10 this comes to £175m. I would also observe that PHE has a net debt ratio of 0% with a balance sheet deficit of £12,000. On the point of a broker recommendation if you go back you will find a broker recommendation form Align Research which supports this valuation and I think there is also a more recent valuation from Edison as well. Neither of these companies are the in house broker to PHE. The valuation you are relying on is from the broker for EQT soa discount forpossible bias is needed. Please note I hold shares in both EQT and PHE so this respose is not intended to deramp EQT itis to correct your inaccuracies.
tewkesbury: tenapen you are showing your ignorance. 1) EQT use clean anaerobic gasification, not incineration. 2) EQT going forward are using a staged fees + SPV business model, which is what PHE hope to do - and EQT will be taking equity stakes for additional incomes. 3) PHE have never managed to build a single commercial size system, so is still a high risk experiment and will need a lot more dilutive funding. EQT have built several commercial size systems and are already revenue earning, which is growing rapidly. Refer to Post 1513 (extract below) on the EQT board for revenues ramp-up going forward: "Considering EQTEC only had revenues of £1.9m in 2019, it looks like we are looking at > £10m in 2020, and on for £30-£40m in 2021. Add in the deal closed today, if both financially close that £30-£40m would be nearer £60m. From the research report, 38m in revenue produces c. £6m in profit. Using a very normal P/E ratio of 15, that implies a market cap of £90m, 3x where we are today. Personally, I think that represents fair value and where the share price should be and thats why I am not selling a single share, despite being in from 0.15p. If we close the projects announced today, we would probably be looking at a company worth £160m, >5x the current share price. Every deal/project we sign from here is additive to the above valuation, and that's why this is so exciting." 4) PHE's market cap today is a hefty £87.04m at 4.2p, which would become an even higher £147.4m after the extra 1,437,440,277 acquisition shares hit the market on 15th July. Inm contrast, EQT's market cap is a bargain £28.6m at 0.68p, giving 3.3x to 5.15x EQT upside just to come level with PHE's - but arguably EQT should be a lot higher due to their proven technology and pipeline. 5) There is no broker report to support PHE's market capitalisation, either now or after the dilutive aquisition shares hit the market. In contrast, on 15/6/2020, Arden Partners issued a report setting an EQT 'Buy' rating and price of 2.18p, which is 3.2x upside from the current level - and that was before EQT's announcement on 29/6/2020 of their agreement with Carbon Sole Group for the supply of EQT gasifiers to 3+ more green energy parks in Ireland, with the first 2 at 25 MW, each equivalent to 15x - 20x PHE DMG systems.
ken chung: 1) Even worse is the dilutive W2T purchase only seems to relate to W2T UK, and will not give back control to PHE for Thailand, South Korea or Japan. For Thailand, W2T have even sold 31% rights to another party and have to give the other 69% to them in 6 months time. So PHE will have to issue more shares or raise more cash to buy back those Korean and Japanese, plus the Thai rights, rights later on if it wants them, or be left profit sharing meanin glower revenues to PHE. "PowerHouse granted W2T and Peel exclusive development rights to the DMG Technology in the UK in respect of the 11 'waste plastic-to-hydrogen' facilities and separately afforded W2T the right to exclusive development of the DMG Technology in Japan and Korea, subject to identifying suitable target projects and securing initial contracts. PowerHouse has separately granted W2T Thai exclusive development rights to the DMG Technology in Thailand. W2T International recently sold 31% of the issued share capital in W2T Thai pursuant to a share purchase agreement dated 17 April 2020 (Thai SPA) which, as a result, means that W2T International is no longer the majority shareholder of W2T Thai, and has also agreed (by way of granting an option) to divest the remaining shares held by it in W2T Thai within six months of the date of the Thai SPA." 2) W2T is in awful financial shape: "For the period 1 May 2018 to 30 April 2019, W2T generated an operating loss of GBP282,412 and a loss after exceptional items of GBP459,937. The unaudited accounts as at 30 April 2020, show that the net liabilities of Waste2Tricity totalled GBP722,550." AFC sold their 24% stake in W2T back to W2T recently for just £20k, valuing 100% of W2T at just £83k. How can PHE now justify giving 10's of £millions in PHE shares to buy W2T? 3) Tim Yeo to join PHE BoD from W2T: PHE will be stuck with Tim Yeo as the new Chairman which won't come cheap. The former MP who a judge found to have been ""unreliable", "untruthful" and "unworthy of belief", so as to have bought the House of Commons into "disrepute". Should be OK here then? "On 9 June 2013, The Sunday Times alleged, citing video evidence of a conversation with the MP, that he had helped "coach" a solar energy company executive for an appearance before his parliamentary committee; the parent company pays Yeo. The MP referred himself to the Parliamentary Commissioner for Standards, and said that he intended to fight the claims made against him.[12] On 24 November 2015, he lost his libel action against the newspaper in the High Court, with judge Mr Justice Warby saying that the newspaper's reporting was "substantially true" and describing Mr Yeo's evidence as "unreliable" and "untruthful", with one part being "unworthy of belief".[13] The Telegraph suggested this should also raise questions about Kathryn Hudson's performance as Standards Commissioner, as she had previously cleared Mr Yeo of breaching the rules on lobbying ministers for financial reward and of bringing the Commons into disrepute." Wikipedia
jaknife: vatnabrekk, re your 13,412: PHE will not have to make an entry in their accounts for Goodwill of £51M. The 1,437M shares that PHE are issuing to buy W2T will be entered in the Accounts at the nominal value of the shares i.e. 0.5p each so a total of £7.2M. Goodwill doesn't come into it. If PHE had been paying £51M in cash, that would have been a different matter. But they are not. You're not an accountant are you? If you were you wouldn't write this complete twaddle. Let's find someone with an accounting qualification to give an opinion ... oh here I am! PHE will need to record the value that it's given for the acquisition and then it will need to identify the assets acquired. The difference between the two will be the goodwill. Based on the current numbers PHE is issuing shares worth £50.3m (1,437,440,277 shares x 3.50p each) in order to acquire net assets of minus £722,550. The difference between the two is £51m which will be the goodwill acquired. That will go straight to the balance sheet. And when it comes to the year-end the directors will need to write it off entirely! And your 13,413: "So at that stage the assets and liabilities of W2T will be merged with those of PHE and W2T will cease to exist as a company. I'm pleased that they intend to carry out that final tidy-up job, because it is the cleanest and most sensible way to complete the merger, in my view." The point being that W2T has more liabilities than assets. How is that a good thing for PHE shareholders? Let me give you a clue: it's not! JakNife
jaknife: Whatsthepoint, re your 13,406 "And why don’t you want plastic waste converted to Hydrogen." I would love to see this happen, when do you think that it might happen? It's just that Powerhouse Energy has been around now since 2002 and in those 18 years it's converted exactly zero plastic to hydrogen. It's talked a lot about it and it's even managed to sucker all sorts of mugs, like that Paul Warwick person, into thinking that its machine worked and yet it's been forced to abandon three prototypes (despite having told shareholders that they worked amazingly) and now it's raising cash for its fourth prototype for which it has a piece of paper with the word "feasible" written on it. You see Powerhouse energy has a track record of lying to its shareholders. Like when it told shareholders in July 2016 that it had a "fully functional, nominal 2-5 tonne per day (tpd), system" (see: and when it told shareholders in its prospectus that it had "unconditional sales contracts". Neither of these statements were true but the company proceeded to raise money from retail investors based on these false statements. And your 13,408: "If W2T have to pay the debt to PHE and they are taken over by PHE it just cancels out. What’s not to understand." Why are you assuming that W2T owe the money to PHE? Where in the accounts or the circular does it say that? And why doesn't it say in PHE's accounts that W2T owes it money? It looks to me that you're making up yet more stories! Whatsthepoint And your 13,410: "Why does everyone say they are paying 53 million that’s the market valuation that the market has set it has nothing to do with what PhE are paying The company is issuing paper to buy W2T the market valued that paper not PhE All shareholders who held shares on the day of announcement of acquasitiin have seen an almost ten fold increase because the market likes the takeover So all this suggestion of paying too much is complete nonsense" Do you have an ulterior motive in trying to put forward this complete twaddle? 1.4bn shares of PHE are being issued and at the current market price those shares are worth just over £50m. The recipients of those shares can happily dump them and make £50m (assuming that the share price doesn't crater as they all rush to the door to dump them) That means that PHE are giving away £50m of value in order to receive the shares of W2T. PHE shareholders are being royally screwed over and W2T shareholders are making out like bandits. Did you see who the shareholders of W2T are? JakNife
jaknife: stokey12, "Had you actually read the shareholder circular you would notice that the intent is to wind up W2T so te fct that it is insolvent is immaterial." I think that I've demonstrated that I've read the circular. Have you noticed, for example, where it says that Paul Warwick is a shareholder of W2T and so is a beneficiary of this grotesque transfer of value? He's been dumping his shares in PHE recently (ditto Ben White) so it seems quite clear to me what they think that this means for PHE's share price! When W2T is wound up do you think it will be done on a solvent basis or an insolvent basis? Ie will PHE provide W2T with the funds in order to repay its debts? And given that the acquisition should mean about £51m of goodwill being added to PHE's balance sheet do you think that PHE will write that all off immediately? JakNife
ken chung: Looks like shareholders have been well and truly cucked and the only beneficiary is Howard White as he gets PHE the listed company he set up to buy his private company W2T, so giving him a 40% holding in PHE at no cost and also lumbering PHE with W2T's £722k Net Liabilities, including £790k falling due after 1 year (W2T Accounts for Year to 30/4/2020). From the heading, so it must be true: - 26/6/2020: PHE to purchase W2T, using PHE shares at a ratio of 60% PHE: 40% W2T. Subject to PHE shareholder approval on 14/7/2020, admission 15/7/2020, as follows: --- Ord PHE Shares in issue at date of document = 2,072,360,416 --- Acquisition Shares to be issued = 1,437,440,277 (69.35%) --- Enlarged Share Capital immediately following Admission = 3,509,800,693 --- Fully diluted enlarged share capital immediately following Admission (incl options & warrants in issue) = 3,593,600,693 --- Acquisition Shares as a percentage of Enlarged Share Capital = 40.96%
deccer1: If the PHE share price remains the same after the 60:40 share issue to buy W2T, that would value W2T at £47m. How can that be acceptable to PHE shareholders when only recently AFC sold their 24% stake in W2T back to W2T for just £20k, so valuing 100% of W2T at only around £80k. £47m is 587x the £80k relative value AFC placed on 100% of W2T.So even to be generous PHE should not pay more than a few hundred thousand pounds for W2T.To me it stinks more about PHE deliberately giving themselves to W2T and does not represent value for money.
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