George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
"Fair enough but do we understand why that is? I would have thought that most revenue would be recurring."
Often thought to ask, never got round to it.
John specifically said that H1 growth was unlikely to match last years H2, he is always reminding people that H2 is where it's at.
Two reasons I see for a placing. 1) New orders are such that significant investment needs to be made up front for more inventory. This is good. 2) Increased orders are at such a level that current manufacturing facilities are insufficient and need expanding. This is also good. With break even slated to be at the end of this year I'd be surprised if the market viewed a placing for either of the above as anything but good.
LTH for me.
NT for any quantity on HL
He has been paid in shares in lieu of cash for almost 2 years. While he may accept that as payment, HMRC doesn't and I imagine he needed to release some funds for January 31st.
I see nothing of any concern here.
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
30 September 2020
Directorate Change
Powerhouse Energy Group plc (AIM: PHE) ("Powerhouse" or the "Company"), the UK
technology company commercialising hydrogen production from waste plastic, is
pleased to announce the appointment of Kirsty Gogan as a non-executive director
of the Company with immediate effect.
Kirsty Gogan (aged 45) is an internationally sought-after advisor to
governments, industry, academic networks and NGOs and is a recognised expert
speaker on science communication, climate change, competitiveness and
innovation. She has more than 15 years' experience as a senior advisor to
Government on climate and energy policy, including 10 Downing Street, and the
Office of the Deputy Prime Minister.
Currently Kirsty is managing partner of LucidCatalyst and she chairs the UK
Government's Nuclear Innovation Research and Advisory Board (NIRAB) Cost
Reduction Working Group. She is also Co-founder of Energy for Humanity (EFH),
an environmental NGO focused on large scale deep decarbonisation and energy
access.
On joining the Board of Powerhouse Kirsty Gogan said:
"I am delighted to be joining the Board of a business that can help meet the
major energy challenges facing the world. It also helps provide a real solution
to the vast and growing problem of unrecyclable waste plastic that is blighting
the planet.
"I very much look forward to working with Powerhouse to bring the environmental
benefits and capabilities of this technology to the serious attention of policy
makers and governments, both at home and internationally, to drive uptake that
will help realise its potential."
Tim Yeo, Chairman of Powerhouse, said:
"We warmly welcome Kirsty to the Board has and we look forward to benefiting
from the many years' experience she has in the development and promotion of
energy strategies nationally and internationally, as an advisor to governments,
industry and NGOs. We are particularly enthused with her role as Co-founder and
Global Director of Energy for Humanity as this represents a cause which is
closely aligned to Powerhouse."
No, they are not.
I don't believe the Icon BOD have a clue how they are being used as the DS dancing monkey troupe.
Right on cue. Rinse and repeat.
Very positive response here https://zakmir.com/powerhouse-energy-phe-a-fundamental-inflection-point/#gs.f35y0f
Listed companies on the stock market have key events we are familiar with on the positive side: the swing from loss to profit, profits exceeding expectations, a big contract win, first production or being fully funded to execute a strategy. The latter is of course particularly pleasing in the natural resources space, but has been witnessed today at Powerhouse Energy, the waste plastic to hydrogen group.
What is particularly noteworthy as far as Powerhouse reaching this particular fundamental inflection point, is that it has been achieved against almost universal naysaying over the years. This is something which ironically is a cross the most innovative companies have to bear – one can mention Tesla (TSLA) as the ultimate example.
In the case of Powerhouse, despite its mission to solve the epic waste plastic crisis, and produce a clean fuel in hydrogen, as well as electricity, the cynics and the bears were consistently on the case. Even the eco-warriors, who should have been on side, preferred to moan and virtue signal regarding damage to the environment, rather than back Powerhouse in building the first plant.
In the end though, it was Peel Environmental (part of commercial real estate giant, Peel Holdings)which helped begin the transformation at Powerhouse, providing the Protos site and now the funding for a rollout of DMG energy recovery installations.
The Powerhouse board has also been beefed up, with the arrival of former Government Minister Tim Yeo, Allan Vlah from Aviva and Myles Kitcher from Peel. To complete the process, Powerhouse acquired engineering contractor Waste2tricity earlier this year meaning the combined group can deliver all aspects of the proposed initial UK rollout of 70 plants “in-house”.
However, it may be that today’s £5m fund raise is what defines Powerhouse Energy as a serious entity, rather in the manner of the film, The Wizard of Oz. The latest investment is a black and white to technicolor moment, as an international institutional investor enters the fray, joining Peel and the major shareholder White family in the raise. The added kickers of the fund raise being that it massively oversubscribed, at only a small discount to the prevailing market price, and that no additional stock will come on the market as the raise in derived from long term holders. In the wake of the raise, Peel will additionally provide access to the front engineering design, full access to the Protos site and make Powerhouse’s programme a flagship for international commercial sales.
Such backing effectively ends the stone throwing the company has received over the years, and ensures it is funded to execute its strategy, one of the aforementioned positive pillars of the stock market. Added to this, Powerhouse has received both the validation, both institutional and financial, as well as being given the backing to go f
Fear many new investors are going to be drawn in by the spikes, and with no idea what is going on here, get burnt.
If you don't understand the implication of the RNS, or all the ones before, just walk away.
Please.
Even if we ceased production of all plastics tomorrow we would still have a plentiful feedstock for decades. The reality is that mainstream plastic use is still on the rise, take a look at the expansion plans at Ineos. As for tyres, the UK alone gets through in excess of 50m a year, globally there are billions of them lying around.
I wouldn't be too sure, the spike was caused by speculation EHGOS were gone for good. They are not.
Well, no-one here can say they weren't warned. Hope people weren't caught out too bad in the spike.
An EHGOS dilution rns and this will be carnage. Tread carefully peeps.
How do we "know" that EHGOS are out?
The recording of the webinar should appear on the link below soon.
https://www.insidermedia.com/online-forums/energy-putting-the-power-in-your-hands