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That is very reassuring and I heard the same from a different reliable source. Commissioning 6 or 7 sites by November should put a rocket under the share price from this level. And that doesn't include the additional initiatives of several gas sites, which could be in use more often and for longer period (merchant sales I think they call it) and should be very profitable indeed. This is surely a screaming BUY.
Let's feel good!
From the Company Website (plutuspowergen.com/home) Plutus PowerGen currently has management contracts and 45% ownership of 9 companies, equivalent to 180MW (‘Rockpool portfolio’). Of these: Plutus PowerGen’s flexible energy generation sites use established, reliable technology based on containerised generators, fired with biofuel. The Company is currently evaluating the opportunity to deliver gas-powered energy generation sites as well. Treated as embedded generation, the unmanned gensets supply the local low voltage distribution network, reaching full output within 150 seconds of being switched on remotely. The financing structure for the Rockpool portfolio is based on £3-3.5 million in equity and £2m in debt. These have been financed with equity from clients of Rockpool and have advance assurance from Her Majesty’s Revenue and Customs to benefit from EIS-related tax benefits. Plutus PowerGen has a 45% stake in each of these entities, and currently derives revenue from a £150,000 per annum management contract with each site. From November 2015, EIS was closed off to new standby power generation projects. Future projects will be held in separate subsidiary companies, in which Plutus PowerGen will seek to obtain an interest of 80%. Gas-powered energy generation sites Plutus PowerGen is focused on diversifying its project portfolio. Central to this strategy is the identification of alternate fuel sources with a lower carbon-footprint, which can provide the company with an additional revenue stream. In partnership with a specialist UK-based energy company, Plutus PowerGen is expanding its power supply capabilities into gas, with plans to construct up to five 20MW gas powered sites, which could supply flexible on-demand power to the UK grid. The Company currently has several sites under review and two sites in the planning stages. All Plutus PowerGen projects will derive revenue from multiple sources. The different markets for flexible power and the secured management contracts, means that Plutus PowerGen has several sources of revenue upon which to build: • Short Term Operating Reserve (STOR) • Firm Frequency Response (FFR) • TRIAD • Merchant Power sales Now that last item...Merchant Power sales suggests to me that power generation with gas could be on a more frequent/quasi-continous basis, rather than just on a stand-by basis, coming on as and when required by the Grid. If so, that could be much more significant to turnover and profitability for Plutus. Comments on the Merchant power sales, if anyone is in the know, would be appreciated.
A sure thing, if there ever was a one!! This will rocket once the market gets updated and the roll-out of sites picks up a pace.
Completely wrong. No dilution. Whatsoever. No further statements as last RNS stated. Thus silence. Means nothing except keeping powder dry until mid May. Fill ya boots with these beauties and laugh all the way to the bank in May. Vancouver calls its oldest district "Gas Town" but that refers to a Pub Owner from NE, who could have talked for Canada if it had been an Olympic Sport in those days. We will have plenty to "gas" about in May when OFGEM is out of the way and the share is back to 3 pence or even higher. Watch and Learn alnwick bottox 61 in reverse mode and stop dribbling out balony drivel.
Get a life and stop being so twisted and fixated. You obviously got burned fingers and trying your best to damage things in revenge. Despite your constant negativity, the news flow will take this much higher. b16_ain Beware. We have a Troll.
Looks like news on the way and a spate of buys to kick us off again in the right direction - UP.
Your confidence will be richly rewarded. Others ......watch this space and learn.
Looks like very bad timing to me. News imminent.
2,894,544 shares bought and 3,321,144 shares sold could hardly be described as "Nothing but sells all day..." Look quite a balanced day in which shares changed hands with a some concerted buying mid afternoon. in 250,000 chunks and a spectacular 500,000 buy. Nice one. Someone knows something to snap up so many shares after lunch.
Must be the January Blues....I would have thought something must be brewing to cheers us up!
"As flexible, short running power generation sites increasingly prove their worth in helping National Grid meet the UK's supply needs, so interest in our low-cost solution continues to gain traction." Phil Stevens on 2nd December 2016. The involvement of a very big Utility Company with our little minnow, Plutus, speaks volumes about this "sweet" spot that Plutus and others are occupying in national energy crisis. For the Blue Chip Utility to be willing to fund Plutus with 20% of the costs of some planned projects strongly indicates this increasing traction that Plutus has now and will be demonstrated in 2017. Still a very cheap share to buy in this period of consolidating the new and higher trading range since the Plymouth site was commissioned. Much much further to go once that irritating bout of selling has dried up. Onwards and upwards above 4 pence is on the cards in my book, and thus achieving a market cap of about £20 million, which will put it on Financial Institutional Radars, if it is not there already. Plutus must surely be a good candidate for inclusion on jouralist's New Year Tip Sheet List??
Very good summary of the situation and the solid basis for rapid growth.
I am laid back about the selling. Prefer them or him gone before the real action begins. Once the selling bout is concluded, it will be onwards and upwards. Staying put for the run-up to the new year and then on to see through the full development growth of Plutus is my strategy, which I am convinced will pay dividends and make me rich. But for now the men being separated from the boys. Rattle, rattle, rattle that cage, and so predictably they drop out off of their perch. But buy on any weakness in my advice. It won't last for ever.
Yes, I agree that this is now OVERSOLD, and we will respond northwards shortly on small volumes. Plenty going on behind the scenes I am sure. and surely plenty of good news to come before too long. The gas-powered generation is very exciting and we may hear something on that front. The Blue Chip company is obviously suitable impressed with the plans and with the directors to get involved. My guess would be that we will be at least above 3 pence by the end of the year, may be more...4 pence would be nice. Let's see what happens. But the story here will only get better and better, so hang on in there, or see it now as a buying or topping up opportunity not to be missed
But 250,000 the last trade of the day is a BUY. The share is taking breath after the big increase and the new trading range is nicely established. After all, at 4.30 pm on 1st November it was only 1.45p Bid and 1.55p Offer and only 18 trades were done. Not much of reaction to the good news of planning permission for 40MW announced that day! But it really started to fly with Plymouth starting to produce electricity on 10th November, and trades peaked on 14th at 198 trades for the day, ending with a spread of 2.95 Bid / 3.05 Offer. This could still have a lot of surprise value in it yet......between now and 1st January. You've got to be in it, to win it. For example, what would a competitor-predator value us at at the moment, if they have been sniffing around and crunching the numbers, given the 700MW pipeline. that is 35 X 20MW sites, with multiple revenue streams for each site. Asset finance in place/promised as and when required as each site needs to be build and commissioned. A Blue Chip giving practical assistance to promote the Plutus growth curve in the gas powered generation side of the business. Would it 10 pence.....20 pence......30 pence......??? I don't know, but the current price is still way to low, given what is just down the road for Plutus, which is beginning to motor this autumn.
Also in the Daily Mail's Market Report, the last share mentioned in the report was Plutus and quite a good few lines describing its situation vis a vis an un-named blue chip multinational and the rise in price. All to the good, I reckon.
One curve ball away today.......bring on the next one. Plutus has become overnight a company of surprises, surprises of the right kind!! Today's was a lovely surprise. I am sure they have anotherone for us. Two curve balls kind of balance each other. I like the nice balanced market today, buyers and sellers being accommodated without gyrations. Tomorrow, Plutus may get a mention in a market report in one of the broadsheets and raise awareness among the investing public. I hear that a much speedier build-out of sites is being planned, even implemented as we speak; something between 34 and 45 days. So we might find by March we have 10 operating sites producing regular income. Most of the floating shares are already mopped up, so the shares should continue to react strongly on further good news, through a mixture of private and institutional investor interest. Today's RNS was 6th since the 4th October with the Lombard asset finance deal. 2 weeks later on 19th we got news of the gas powered generators deal. Then a couple of weeks later, 1st November planning permission granted for two sites (40MW). 2 days after that, the Plymouth site was connected to the Grid and producing electricity 5 days later. All this nicely topped off now with today's link up with a Blue Chip Multinational Utility company to fund Plutus in its expansion plans involving gas as the fuel. By any measure, that is pretty good for a 7 week period. A lot more to come....!!! The directors have been busy behind the scenes and demonstrate that they are well connected and well known within the industry. Congrats if you got in today for the first time. You have picked a winner. It is going to be HUGE.
One curve ball away today.......bring on the next one. Plutus has become overnight a company of surprises, surprises of the right kind!! Today's was a lovely surprise. I am sure they have anotherone for us. Two curve balls kind of balance each other. I like the nice balanced market today, buyers and sellers being accommodated without gyrations. Tomorrow, Plutus may get a mention in a market report in one of the broadsheets and raise awareness among the investing public. I hear that a much speedier build-out of sites is being planned, even implemented as we speak; something between 34 and 45 days. So we might find by March we have 10 operating sites producing regular income. Most of the floating shares are already mopped up, so the shares should continue to react strongly on further good news, through a mixture of private and institutional investor interest. Today's RNS was 6th since the 4th October with the Lombard asset finance deal. 2 weeks later on 19th we got news of the gas powered generators deal. Then a couple of weeks later, 1st November planning permission granted for two sites (40MW). 2 days after that, the Plymouth site was connected to the Grid and producing electricity 5 days later. All this nicely topped off now with today's link up with a Blue Chip Multinational Utility company to fund Plutus in its expansion plans involving gas as the fuel. By any measure, that is pretty good for a 7 week period. A lot more to come....!!! The directors have been busy behind the scenes and demonstrate that they are well connected and well known within the industry. Congrats if you got in today for the first time. You have picked a winner. It is going to be HUGE.
This is going to be huge. No dilution promised yet again. Safe as house. A no brainer. What are you waiting for then? Get involved. Blue Chip likes what it sees on the drawing board at Plutus. It could fund us, and then when we are at 34 pence, buys us out. Just blue sky thinking. LOL!!" Must not get overly excited too soon though. But soooo much more good news to come out on the increasing revenue streams from more and more commissioned sites, it is hard not to get up and dance the jig around the room. Have a nice day,