Stokey:
Nothing wrong with the maths re: trades, and they were offering 0.8 on the bid in the last 5 mins and going to NT for any sizeable buy.
Is the 50/50 estimated probability for a RNS on Monday based on it being a binary event ?
Either there will be or there won't be........Haha
Maybe, CM. Was also curious about the 500K buy 3 mins previous, but no combined affect on the ask.
Someone found a bit of loose change down the sofa and bought a few at 15.12
We certainly need clarity about how this deal will work and what the added value is from the issuing of 1.3bn shares or £6m investment.
Even though there is a 12 month lock in period and a further 12 month orderly market arrangement for 87.5%, that still leaves 162m shares that could be dropped on the market after the deal has gone through, and this could be at the time when we should be gaining some momentum from the build at Protos and making progress with the subsequent sites.
Could be a short term drag on any potential increase in sp.
Hopefully just short term pain to achieve a more simplified and transparent structure going forward.
Anyway, best wishes and seasons greetings to all, lets see what 2020 brings.
Been mulling over this mornings RNS and it did come as a bit of a surprise to me, but on reflection the partnership with W2T has felt a tad parasitic. The end result of PHE being in direct partnership with Peel and other site providers/developers, without a third party involvement, should IMO, be welcomed. It's just the mechanism of getting to that end result that appears to be painful.
If we are to issue 1.3bn shares to obtain W2T, what exactly are we getting for the £6m, and how is the share allocation to be structured?
Are W2T sitting on some potential mega asian contracts ?
Is a 2 party partnership a stipulation by Peel before they provide a programme of funding, for the Protos site and upcoming sites?
More questions than answers but 2020 has an exciting feel about it.
Good news this morning that continues to show that Peel want to get a move on with this project by funding the next design stages.It's always appears to be the case when Peel commit to a project.
I suspect that Peel will step in with funds for this initial Protos project, whenever they feel that raising development funds could delay the project, particularly with Protos being a "shop window" development.
A positive update on the Planning Application would do further wonders for the sp, IMO.
Sprog:
PHE has pretty much been through the hype-cycle, IMO, about 4-5years ago, when the first test unit was being developed in Australia.
Since then, the company re-located and further developed the DMG unit here in the North West, which was a significant re-set and only now are we truly on the cusp of commercialisation,albeit some months away.
Coupled with the above we have had a change of CEO who is very much technical and promotes facts and real progress rather than hype and rumour and we are now awaiting the recent Planning application at Protos, to go before the Planning Committee.
So it has been a long and drawn out process to get where PHE is now, and nothing is guaranteed, but with the Planning Approval and subsequent funding, there could well be a lot of waste plastic being converted to electricity and hydrogen in the not too distant future.
Cred2:
Just read your 10.41 post with a large degree of dismay with your lack of understanding of the planning process (as Bumble has already pointed out), and your opinion that it is the locals of the area that are the stumbling block that is causing the delay here.
Speaking as a local to Ince village, I would suggest that some more research into the area and it's past history is warranted, with particular regard to the Peel Group, Manchester Ship Canal, and the surrounding area.
The Plot 10b is not an old industrial area, and most of Protos (which has the outline Planning permission for the Environmental Park) was/is agricultural or marsh land.
As DR , has previously stated, the general opinion at the Community Events held in June, was one of support for what the technology could provide, and I agree that it is exciting to have an innovative technology being developed on my doorstep, but this doesn't preclude a few having an opinion of that there is enough industry in the area already.
(Stanlow, Quinn Glass, CF Fertilisers etc.)
It certainly isn't the Cotswolds around here, but the greener areas we do have need to be managed carefully with regards to all affected, including Flora and Fauna.
Avg volumes traded from 15th Nov appear to be somewhat higher than that of previous months. Probably is partly due to equity issued for services being cashed in, coupled with a less than comprehensive Planning Application (and the likely delay in the application going in front of the committee), causing some selling and hence, the sp drift.
However, the tech remains the same and I for one, am confident that Planning will be approved, and funding will be sourced.
The present sp does look tempting but guess I'll wait until volumes drop back again, but could be caught out by a DR left field update.
D Ryan could have called for a brew and let me have a look at the Mirai, miserable sod.
That was taken at the dirt track entrance to Protos, the Goldfinch meadow sign is in the background, about 200M from us.
On my walk through the Protos site today, I spotted a Planning notice, which I hadn't seen before, for an electricity sub-station to be sited on Plot 12, which is across Grinsome Road from our Plot.
Planning No. 19/02566/ful
This is the sub-station that our excess electricity will be used to feed back into the Protos micro-grid.
On checking the application this has been approved on 21st Nov '19, so one more piece in the jig-saw.
Just looking back at the trades on Friday and the last two of 13.5m with 9.37 and 9.45 time stamps look like they could be both buys IMO. Possibly a roll over, but the time interval looks too large for this to be the case.
Also, sells of 4m and 5m at 8.19 and 9.30 had no effect on he bid (mmmm, wonder the source of these chunky sells was?).
The ask was then lifted to 0.40 towards the close. Could be the start of some significant stake building?
Hi Newboy:
Yep, the nominal value per share is 0.5p, and it's always an interesting one when a supplier takes shares in lieu of services, in that has the company got the cash to pay the supplier, can the company raise the funds when the sp is below nominal value, or is it all written in the fine print of the supplier contract in terms of who and how the preferred method of payment will be.
Just need to watch the share trades next week.