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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.

More News
30 Nov 2021 11:15

Powerhouse partner HUI signs letter of intent with Simitli, Bulgaria

(Sharecast News) - Waste plastic-to-hydrogen technology company Powerhouse Energy said on Tuesday that its development partner Hydrogen Utopia International (HUI) has signed a letter of intent with the City of Simitli in Bulgaria.

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12 Nov 2021 12:31

Powerhouse partner HUI signs framework deal with Linde

(Sharecast News) - Waster plastic-to-hydrogen technology company Powerhouse Energy announced on Friday that its development partner Hydrogen Utopia International (HUI) has signed a framework agreement with Linde Engineering.

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12 Nov 2021 10:48

AIM WINNERS & LOSERS: Powerhouse in Linde deal; 600 Group orders rise

AIM WINNERS & LOSERS: Powerhouse in Linde deal; 600 Group orders rise

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1 Nov 2021 11:47

Powerhouse Energy extends agreements in light of Protos progress

(Sharecast News) - Plastic waste-to-hydrogen technology company Powerhouse Energy updated the market on its UK progress on Monday, reporting that the special purpose vehicle to develop the Protos plant and project had advanced work towards construction contracting.

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7 Oct 2021 15:05

Powerhouse inks collaboration deal with HUI

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy has entered into a binding collaboration agreement with HU2021 International (HUI), a wholly owned subsidiary of Hydrogen Utopia International, to market the deployment of 'DMG' technology outside the UK, it announced on Thursday.

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6 Sep 2021 12:57

Powerhouse confirms possible DMG plant in Poland

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy updated the market on Monday, following press speculation over the weekend in relation to a potential agreement between 'DMG' licensee Hydrogen Utopia International (HUI) and Linde.

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31 Aug 2021 12:05

Powerhouse enters binding agreement with Hydrogen Utopia

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy has entered into a binding agreement with Hydrogen Utopia International (HUI), under which HUI has been granted an exclusive non-transferable licence for the application of Powerhouse's 'DMG' technology in Poland, Greece and Hungary.

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18 Aug 2021 11:31

Powerhouse partner Peel planning Dunbartonshire plant

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy announced on Wednesday that its partner Peel NRE has submitted a planning application to develop its second waste plastic-to-hydrogen facility, using Powerhouse technology, at the Rothesay Dock on the north bank of the River Clyde in West Dunbartonshire.

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12 Aug 2021 12:21

Powerhouse Energy buys 48pc of partner Engsolve

(Sharecast News) - Hydrogen-from-plastic technology company Powerhouse Energy Group announced the acquisition of 48% of engineering consultancy Engsolve on Thursday, for consideration of £99,990 in cash.

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22 Jul 2021 16:04

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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2 Jul 2021 14:05

PowerHouse partner Peel inks deal to supply hydrogen fuel stations

(Sharecast News) - Waste-to-hydrogen technology company PowerHouse Energy announced on Friday that its partner, Peel NRE, has signed a letter of intent to supply hydrogen from its planned roll-out of plastic-to-hydrogen facilities to Element 2's proposed network of hydrogen refuelling stations.

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29 Jun 2021 09:18

First stage of validation for Powerhouse hydrogen tech completed

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy announced on Tuesday that gas process design and certification consultancy DNV has completed the first stage of validation for its enhanced design, to produce two tonnes of hydrogen per day.

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3 Jun 2021 11:15

Powerhouse Energy orders critical key alloy for Peel facility

(Sharecast News) - Waste-to-hydrogen technology company Powerhouse Energy has ordered the critical key alloy material to be used in the manufacture of the 'DMG' advanced thermal conversion technology process on Thursday.

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1 Jun 2021 13:41

Powerhouse upbeat on plans for another waste-to-hydrogen facility

(Sharecast News) - Waste-to-hydrogen company Powerhouse Energy Group announced on Tuesday that Peel NRE, part of Peel L&P, is planning to develop its second waste plastic-to-hydrogen facility using Powerhouse technology, at the Rothesay Dock on the north bank of the River Clyde, West Dunbartonshire.

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