Member Info for Divvyup

There are lots of connotations. One thing for certain, Engsolve is currently the real business and expanding, plus a steady income flow over several years. A JV would take some pressure off DMG’S unconfirmed milestones and timescales. The next couple of RNS should be most informative. DYOR

Dilution is the concern, the only realistic alternative I can see would be a minority Engsolve JV. Cash goes into Engsolve, PHE still owns the majority, PHE shareholders aren’t diluted. Whether management pursue that is another question. DYOR.

Red: LOL (My optimism is too opaque) Difficult to pinpoint the SP to the timing of events, but if they do require 18-24 month runaway then the longer they delay without substantial news then I agree, the bigger the discount. I assume you also believe investor support could be weak. If so, then again as you imply the discount goes to another level (40%–50+%). NEO/Ballymena/AV will need additional technical support for validation It needs permits, signed funding, customer to pay multi-million build, emissions data, EPC, planning and local stakeholder support. All this without substantial revenue for PHE in 2026 or 2027 so 4m-7m is not unreasonable IMHO.

With PHE at 0.46p and a £20m Mcap, a raise seems possible now that Longspur has joined the broker line up. A realistic raise could be £4m–£7m at a 20–35% discount. With at least 3 slow moving projects NEO/Ballymena/AV, can’t help thinking the board may want a 18-24 month runway given the expanding staffing needed to release senior staff and time period to get near a build. Clients only have confidence in companies who have the capital resources to complete projects. Not ideal but typical for pre revenue AIM IMHO.

Https://www.proactiveinvestors.co.uk/companies/news/1083477/lse-reportedly-targets-wild-west-bulletin-boards-in-crackdown-on-market-abuse-1083477.html

lol All the chat boards will shortly be empty...

Feels like both PHE and the other place are in a race to sign up those milestones. interesting reading all recent RNS from both companies. Nothing like competition to make CEO’s move up a gear. 😊

Each: The more I research two brokers it usually points to a company gearing up for something meaningful. Lets hope so

Perhaps a teaser of an RNS 1st quarter 26, then straight into fund-raising, dilution and even share consolidation. Waste to energy developers often take 10–30% JV stakes to DE risk buyers with FOAK . So, a window of 4m to 12m raise might hurt but the best long term option IMO.

Answering my own question

Pipeline or not, with no public milestones signed off or customers funding the full build in place, there’s naturally a confidence hurdle, so bringing in a dealmaker now would be premature.

This is just my view, and I’d welcome any reasoned, polite responses.

Engsolve may need additional engineers.

PHE needs a deal maker to close contracts because that’s how they earn their dosh. But the real issue is whether DMG is far enough along to justify hiring one. If the product isn’t ready to sell or unable to raise the finance, you can’t expect a sales lead to fix that. If the BOD are not confident with recruiting, what does this tell us????

Cheers Red: shall take a look. Anything that recognises UK engineering especially within the European drive for energy is most welcome.

15: No apology needed. I’m spending less time researching and posting these days until some solid news appears. Its not a life changer for me so will continue to hold. A 10-1 consolidation and a fund raiser are something that may change my current lethargy 😊 Good Luck..

15LIVES: They may have, but perhaps they understand NEO Planning and environmental permits, mixed-plastic supply contracts, offtake agreements, and the detailed engineering work to be more of a promotional update. None of these have been named or published in the public domain yet. Until they are, the project remains in the development stage rather than moving toward construction. Investors like names and full structural deployment signed off, so lets hope it follows.

Thanks Patx: There a some major milestones in that statement. If correct, its worthy of at least an explanation from PHE . Supply, permits and offtake, not often seen here.

Rockingham only becomes a revenue asset once PHE/NH2 secure funding, permitting, feedstock, offtake, and complete the build. Until then, it sits in development, not commercialisation. This is a long road. Ireland and unnamed pipeline movement is needed.... Tick Tock...

Marketing & business development. March 25 “Working capital, to include additional projects, sales and marketing (£550k)”. Would like to know how much of this is left, and what they've spent it on?

DrAI: Howard’s personal historic holding is ring fenced and not part of HUI’s structure. Saudi investors today back US tech funds, biotech, EVs, entertainment and energy transition projects, far more commercially open than people assume. HUI made a strategic choice to keep its corporate structure clean for Gulf opportunities, a sensible move. HUI posts early stage interest(see LinkedIn). PHE only announces once deals hit formal milestones. Different disclosure styles, not a lack of pipeline just frustrating for shareholders.

The IP approval is important in view of the abundant Pipeline opportunities, but News on conformation of interest is paramount for investor/market confidence. Nobody want's another drawn out Protos scenario. https://en.antaranews.com/news/391577/indonesia-norway-discuss-plastic-waste-management-at-cop30

Incremental progress, but not the value defining contract news awaited.

Castle: what are you smoking .. 47p = M Cap £2,100,900,000 12p = M Cap £536,400,000 Thanks for the entertainment *****