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Pin to quick picksPowerhouse Ener Share News (PHE)

Share Price Information for Powerhouse Ener (PHE)

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Share Price: 0.925
Bid: 0.90
Ask: 0.95
Change: 0.025 (2.70%)
Spread: 0.05 (5.556%)
Open: 0.925
High: 0.95
Low: 0.92
Prev. Close: 0.925
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AIM WINNERS & LOSERS: Powerhouse in Linde deal; 600 Group orders rise

Fri, 12th Nov 2021 10:48

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday:

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AIM - WINNERS

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Powerhouse Energy Group PLC, up 28% at 5.65 pence, 12-month range 5.20p - 6.40p. The technology company commercialising hydrogen production from waste plastic says its development partner Hydrogen Utopia International PLC has signed a framework agreement with Linde PLC's Engineering unit. The framework agreement provides Linde Engineering with a five year exclusivity to supply Hydrogen Utopia in its development of Powerhouse DMG technology particularly in Poland, Hungary and Greece. The Powerhouse DMG process can generate up to 2 tonnes of road-fuel hydrogen and more than 58 megawatt hours of exportable electricity per day. The project, if completed, is expected to contain ten DMG units in one geographical area.

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600 Group PLC, up 15% at 15.00p, 12-month range 7.20p - 17.00p. The industrial engineering company says its three US operations have been granted forgiveness of their second round loans under the US government paycheck protection program which in total amounts to USD2.2 million. Turning to trading, the company says it performs in line with expectations and order intake has continued to improve during the current financial year. The forward order book stands at USD23 million as at November 9, as increase when compared to the same date one year earlier, when order book was USD11 million.

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Northern Bear PLC, up 11% at 58.28p, 12-month range 46.15p - 62.75p. The building services provider says it has traded well in the first half of its current financial year and expects to report operating profit in the range of GBP1.4 million to GBP1.5 million, up from GBP500,000 a year prior. Operating profit for the six months to September 30 would also represent an increase on the pre-Covid comparative of GBP1.4 million. Looking ahead, the company says its forward order book remains strong and should support its trading performance in the coming months.

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AIM - LOSERS

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PetroNeft Resources PLC, down 2.1% at 3.82p, 12-month range 0.50p - 4.70p. The oil & gas exploration and production company says it is extending the campaign in the Tomsk Oblast, Russia, for winter 2021/22 with the goal of increasing production and also improving the sustained flow rate of existing wells over two producing fields in licence 61. During the first quarter of 2021, a two well fracking program was successfully completed on wells S-373 and L-115. Both were highly successful and exceeded expectations . As a result, PetroNeft signs a contract with NewTech Well Services LLC, an oilfield services company, for the provision of a larger fracking program covering an additional five wells.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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22 Feb 2023 12:02

IN BRIEF: Powerhouse Energy shares rise on Petrofac services deal

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Enters framework services agreement with Petrofac Facilities Management Ltd, a subsidiary of Petrofac Ltd, for engineering design and supply chain development services. Will work on PHE's pipeline of projects, including the Plastics to Hydrogen project at Protos.

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23 Jan 2023 12:13

Hydrogen Utopia International signs accord for Polish waste facility

(Alliance News) - Hydrogen Utopia International PLC on Monday said its wholly-owned Polish subsidiary Hydropolis United sp zoo signed a letter of intent with the city of Walbrzych in south-western Poland.

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11 Nov 2022 13:28

IN BRIEF: Powerhouse Energy says collaboration gets government funding

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Says University of Manchester granted research funding for development and validation of a "potentially game-changing" hydrogen separation technique. New technique extracts hydrogen from synthesis gas produced by company's DMG process. DMG is a new type of Chemical Recycling, a form of advanced thermal conversion technology. Team of researchers at the university, led by Amir Keshmiri has receive government funding to work with company to undertake the project. Objective is to enable and encourage swifter adoption of local, cleaner, low carbon energy, addressing the growing unrecyclable waste issue while working within the existing waste hierarchy framework.

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10 Nov 2022 14:31

Powerhouse issues progress update on Energy Park development

(Sharecast News) - Waste-to-energy technology specialist Powerhouse Energy updated the market on progress with the infrastructure for Plot 10b of the Protos Energy Park on Thursday.

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2 Nov 2022 15:43

UK shareholder meetings calendar - next 7 days

Thursday 3 November 
Amte Power PLCAGM
Arc Minerals LtdAGM
Cap-XX LtdAGM
Darktrace PLCAGM
Friday 4 November 
Celtic PLCAGM
DFS Furniture PLCGM dividend payment
Monday 7 November 
B90 Holdings PLCEGM director removal vote
Future Metals NLAGM
Tuesday 8 November 
DG Innovate PLCAGM
Frontier Developments PLCAGM
Wednesday 9 November 
Baker Steel Resources Trust LtdEGM
Essentra PLCAGM
Fundsmith Emerging Equities Trust PLCGM suspension and cancellation of listings
JPMorgan Emerging Markets Investment Trust PLCAGM
Hays PLCAGM
Mid Wynd International Investment Trust PLCAGM
Powerhouse Energy Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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18 Oct 2022 08:20

IN BRIEF: Powerhouse Energy chief Keith Riley to step down as chair

Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Interim Chair & Acting Chief Executive Officer Keith Riley plans to step down but doesn't give an exact date for this. "I look forward to announcing the new additions to the board which we believe will not only significantly strengthen the board but also ensure that the company has the right expertise in place to take the business forward. Once in place, with the board's agreement, I propose to step down as interim chairman whilst maintaining an executive position on the board and to see PHE's technology into construction," he says on Thursday last week.

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5 Sep 2022 18:25

TRADING UPDATES: Bradda wins drilling approval; Oakley invests in vLex

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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25 Aug 2022 12:08

Powerhouse Energy narrows interim loss as posts lower costs

(Alliance News) - Powerhouse Energy Group PLC on Thursday posted a narrowed interim loss as administrative expenses and cost of sales fell.

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23 Aug 2022 11:03

IN BRIEF: Powerhouse Energy to build JV hydrogen facility in Poland

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Agrees terms with Hydrogen Utopia International PLC for the joint development of a non-recyclable waste plastic hydrogen facility at a site in Konin, Poland. Says it will contribute for development costs for the project with HUI on a 50:50 basis. Powerhouse Energy agrees to a fixed sum at EUR250,00 for any costs that HUI has incurred in developing the site, and the Konin project to date will be recognised as part of HUI's contribution to the development costs of the JV. Says HUI will also receive a premium of EUR250,000, bringing the total contribution from Powerhouse to HUI to EUR500,000.

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23 Aug 2022 11:03

Powerhouse agrees heads of terms for Konin project in Poland

(Sharecast News) - Waste-to-energy technology company Powerhouse has agreed heads of terms with Hydrogen Utopia International (HUI), it announced on Tuesday, for the joint development of a facility at a site in Konin, in the Polish province of Wielkopolska.

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15 Aug 2022 17:31

IN BRIEF: Powerhouse Energy CEO to resign after six months in role

Powerhouse Energy Group PLC - Bingley, England-based hydrogen from waste plastic producer - Chief Executive Officer Paul Drennan-Dunrose to resign from his role with effect on August 31, as a personal decision.

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15 Jul 2022 13:36

PowerHouse Energy releases positive feasibility report

(Sharecast News) - Waste-to-hydrogen technology company PowerHouse Energy Group updated the market on an independent 'statement of feasibility' for its proprietary full-scale commercial engineering design for its waste-to-power and waste-to-hydrogen processes known as 'DMG' on Friday.

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