We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I see HL have now announced that:
"Plutus Powergen plc shares were suspended from trading on AIM on 11 June 2021. As the company does not have a nominated adviser its shares have now been fully delisted".
However, PPG have disclosed in the last RNS that the Company is:
"now intending to re-list on the Standard List of the London Stock Exchange versus AIM",
which I believe, is a stipulation of an easy re-listing when they comply..... Maybe not all hope lost yet?
I see Bens Creek are listing on AIM on 19th October. Given they were astute enough to avoid PPG they may be worth a look!
Who knows what’s going on. Is there still a light on here or not? With Ben’s Creek out the window and having to start afresh to find another RTO is there enough time to achieve it bearing in mind the rules and monies that have to be raised etc.
still keeping positive and hoping something comes out of all this
Are we done, is it over, are we destined to ride penniless into the sunset???? :-(
PPG does not currently have a stock market listing :-(
... sorry its the 4th one, HBR as well, oh and ICON suspended
I've got all the luck LOL
LOL this is true Cookiegg there's still a few straws to be clutching at.
As luch would have it this is my 3rd RTO, COPL is done with but RDG to go
Yes Mr.e that's how I read it aswell. With Glass half full and rose tinted specs. But if you don't have hope etc
Does this line suggest that there is another prospect for an RTO but we need a Financial Adviser to progress it and are in advanced discussions concerning both or have I read that wrong?
Plutus PowerGen PLC, the AIM listed cash shell, announces that it is in advanced discussions regarding the appointment of a new Financial Adviser alongside the execution of a Heads of Terms for the acquisition of an asset of interest to the Company.
Now that's as clear as mud..... Still no advisor, so does that mean we delist from Aim tomorrow and get zilch for our shares, whilst the company reopens sometime in the future on the main market, as a new company? Or am I talking s**t, Anybody?
Now I think about it we've got about 10 hours. No rns within then and it's curtains.
1 minute to go
No new nomad by then and we're TOAST.
They're working on something...
Plutus PowerGen PLC (AIM: PPG), the AIM listed cash shell, announces that further to the announcement of 20 August 2021, the Company is currently examining various options relating to its listing which may include an alternative listing to AIM. The Board will issue further updates relating to its listing and the advancement of the proposed transaction, announced on 11 June 2021, in due course.
The Board of Plutus would like to advise investors that pursuant to AIM Rule 1, the cancellation of the Company's trading on AIM would take effect from 7:00am on 21 September 2021 in the event that the Company fails to appoint a replacement nominated adviser by that time
Not a good sign IMO think Iv written my money off with this one.
Surly a sign things not going the way they want, as quickly etc, direction or whatever.
And outed!
A good thing I perceive
I wonder if it means anything?
Plutus PowerGen PLC (AIM: PPG), the AIM listed cash shell, announces it has terminated with immediate affect the services of Allenby Capital as Nominated Adviser to the Company. The Company will provide an update on its proposed transaction, as announced on 11 June 2021, in due course.
... i only look in now to see if an RNS has been released with any news and yes GLA
All gone quiet here.
Let’s see how long we need to wait for things to happen. No idea what timescales we’re looking at but it’s good to know there a possible light at the end of the very long Plutus tunnel.
No idea how many new shares will be issued and what the consolidation ratio will be. All in good time I guess.
I’m hoping my gamble pays off as holding quite a few of these so keeping it all crossed for a good result in time.
Good luck to all holders.
Great result for all holders !
Dont know too much about these guys, but initial reading they're a big player, and could be a very nice offering for all holders...
We're being bought by a big player so any SP will reflect that...
https://www.londonstockexchange.com/news-article/PPG/proposed-reverse-takeover-suspension-of-trading/15013457
https://www.mbucapital.com/
https://benscreek.com/corporate-profile.html
Coal typically isn’t one of the best out there if used in power gen or similar due to the environmental impact. But Ben’s Creek has other plans for selling their coal in products room of steel which is essential. So, not a bad RTO but we’ll only know how this will impact the SP once the whole process is complete, including a consolidation.
There is potential for the shares in issue to increase to almost 30 billion if they’re to raise £6m by way of a placing. Look at SYME with 32 billion, doesn’t always mean bad news but I think a consolidation will be a good thing.
As always it’s a waiting game but pleased with the news today as it does mean, if all goes ahead, that we could regain some losses for those LTH’s and those in recently could make a profit.
Fingers crossed and stay hopeful all and good luck.
From what I can see, MBU Capital Group Limited plan on putting Ben's Creek into production from July 2021, so when (If), this does go through in Q4, the mine will already be producing. Got to be a positive in my opinion....
Just can' get any worse so last throw of the dice in order to salvage something for holders.....
I already wrote off my little punt here so anything that may comeback in the longer term will be a bonus....see what happens next.
GLA.