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Tim Yeo new chairman unbelievable
I was also surprised on Tim Yeo becoming Chairman.
I hope its because of his contacts, but seeing his previous record he did not appear to do much when he was Chairman of AFC Energy.
Have to wait and see.
Personally I think its not a bad move. Contacts are all that matter in this game especially when you have a great product. No disrespect to AFC but not much has happened there even after he left.
The team at AFc don't seem on the ball and is unclear if they have a viable product ready for market or certainly they don't communicate it in any certain terms
I have to say I'm not exactly happy with this news.
Piltick in relation to your 08.00 post it seems that the markets agree with you.
Why have they done this? Market reaction not good. Read his Wikipedia entry for a good summary of his history . I can only hope he can somehow still apply some influence on government to support PHE.
I must admit that I am very frustrated, as far as I can tell he was useless at AFC, and Im also concerned that he is only concerned with lining his own pockets. PHE was my great hope, I know it seems irrational but Im now seriously considering moving on. Have been here 3 years but am now really disheartened.
I'm just confused why Tim Yeo with his track record has been given this position?
Is this the market reaction? I can only see 7 trades. Or is this the mms fishing for stop losses?!
This from his Bio concerns me most - 'Previously he has been chairman of AFC Energy,[18] Univent plc, TMO Renewables[19] and Eco City Vehicles plc. TMO Renewables collapsed, leading Yeo to be sued by former stakeholders for misleading them in early 2018.[19][20]'
Why on earth have PHE made this appointment, its a massive backwards step and very concerning. Good luck all.
jabberba: probably both of those things. It seems the market doesn't like this, but I suspect the MMs will also be taking advantage of the situation as usual.
Going by his history at AFC. No good will come from Tim Yeo joining Powerhouse.
Very disappointing
Personally, I don't think this will make any difference operationally. The future trajectory is baked in. Peel are the driving force here and Tim Yeo is well connected in government which is only a good thing. He is definitely passionate as are Peel. I will be buying at these low prices. Don't be fooled out of your money.
Dr.Anomaly While he is a former Trade Secretary that was over 20 years ago so I am not sure how good his contacts from then would be.
Agree with you 100% jabber. I cant see how the appointment of Tim Yeo changes any of the story of the last 12 months
'well connected' judging by past record I would not think he has any credibility. But then in politics that's probably a bonus.
Jabberba In relation to your 08.37 post yu say he is well connected in government on what do you base that on he is a conservative and wasa formr Mnister over 20 years ago. The current government is from a different party and it si unliely that any of the officials he worked with when he was a Minister are still in place.
But if Yeo was worth his salt he could chat up his mates as a director just as easily as chairman. i don't get this appt on present facts.
He is well connected. It's what I hear. I don't find that difficult to believe. It's a politician's bread and butter.
I liken this to when a football club sack the Manager and then promote the Assistant. They had their chance too to make a difference in the positions they were in. Anyway great chance to top up and let the shallow investors move on. The technology and the companies involved exist we've got great things to look forward to. They'll be back next week after the AGM I'm sure but thinking one man is going to change the direction is just ludicrous. Only man ever to change a business on his own is my man Jurgen Klopp :) Happy Friday have a great weekend all
Dr Anomaly - yes it is a free market, and we are all entitled to do as we wish with our money. I am not one for hoping from ship to ship, although I did move away from AFC as I felt their direction was very poor and guess what - Mr Yeo was in place there at the tme....
I admire your positivity, however I think your comments are misplaced, how much influence and contacts do you think this man has as a 76 year old has been politician? I think any residual influence has severely diminished, and I'd rather base my opinion on actual business form, which seems to be very poor to say the least.
Im VERY torn, because I think this company has excellent potential, it just strikes me as completely baffling that they appoint an old ex politician with a more than questionable track record in business. That is a major red flag for me, perhaps a barrel is being scraped here, for political influence rather than business acumen, the question remains - WHY?
Shady it took Klopp a good season to turn the Anfield ship around ,don’t believe there is anything to turn around here just keep going in the direction we are.
Perception plays a big part in a companies rating /share price but I suppose you have to give the guy a chance before you condemn him .
Anyway another 7 knocked in last night always good target practice.
It is amazing how fickle the market (people) can be. He was on the board anyway and so heavily involved. And even Tim Yeo statistically speaking is likely to get it right at some point. The people who have appointed him have more skin in the game than us. This company is too good for Tim Yea to PHEck up
GLA
@Dr.A Some good points but all that about TM a bit yesterdays man but I guess he can still press the flesh.
@Dabler TM's Bio - I found that even more interesting is the relationship between AFC. W2T, PHE, Mr White, AB of Russia, Panama/Malta Papers? Not to mention paying £28Mill for a company with almost zero revenue. It was fascinating research and would make a great book or programme for Panorama.
But that I hope was yesteryear, this chapter is all about the Peel Group, PHE and the DMG Technology and the sooner it comes on stream the better.
That should put another 10p on the shares, or not!!