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Pin to quick picksPowerhouse Ener Share News (PHE)

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AIM WINNERS & LOSERS: SDX comes up empty; Powerhouse plans new site

Wed, 18th Aug 2021 11:07

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

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AIM - WINNERS

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Powerhouse Energy Group PLC, up 6.8% at 4.00 pence, 12-month range 2.35-10.35p. The company, which transforms plastics and waste into clean energy, notes PEEL NRE plans to develop a second waste plastic to hydrogen site at the Rothesay Dock. The dock is located on the north bank of the River Clyde, West Dunbartonshire in Scotland. "The 13,500 tonne facility will be the second in the UK to use pioneering DMG technology developed by Powerhouse, after plans for a similar facility at Peel NRE's Protos site in Cheshire were approved in 2019," Powerhouse explains.

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AIM - LOSERS

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Falanx Group Ltd, down 4.8% at 1.00 pence, 12-month range 0.81p-1.76p. The cyber security and strategic intelligence services said its performance in its most recently ended financial year was hurt by delays associated with coronavirus pandemic. Falanx said revenue totalled GBP5.2 million for the year ended March 31, down from GBP5.8 million posted the year before, due to Covid-19 delays in the first half. Despite that, Falanx said it expects to report reduced a loss at an adjusted earnings before interest, tax, depreciation and amortization level for the year due to tight cost control. Going forward, Falanx said trading for the first four months of the current financial year has been encouraging and is in line with management's expectations.

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SDX Energy PLC, down 10% at 13.02 pence, 12-month range 13.02p-19.45p. Hits 12-month low as drilling at the HA-1X exploration well on the Hanut prospect at South Disouq in Egypt showed the Basal Kafr El Sheikh sand had been eroded but noted good quality sands were found at the Qawasim level, however they were not charged with gas. Chief Executive Mark Reid said: "Whilst the result of this well is disappointing, I remain positive about the remaining prospectivity in the area which has not been materially impacted."

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TMT Investments PLC, down 10% at USD9.00, 12-month range USD3.30-USD11.95. The Jersey-based investor in early-stage technology firms said its performance improved over the first half of 2021. Net asset value per share stood at USD7.49 as at June 30, up 23% from USD6.10 reported as of the end of 2020. During the first six months of 2021, the company said it had made USD14.1 million of investments across 13 new and existing portfolio companies. Since the end of June, TMT Investments said it has completed a further seven investments totalling USD8.3 million in new companies, namely Collectly, VertoFX, MetroSpeedy and Academy of Change, and existing companies, Postoplan, Novakid and Backblaze.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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17 Mar 2023 20:15

TRADING UPDATES: Powerhouse Energy hails lease for forthcoming centre

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

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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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14 Nov 2022 19:52

TRADING UPDATES: Aeorema reinstates payout; Resolute upsizes fundraise

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

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

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

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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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