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Thanks for that Mjallen. I did know most of the past history as I have been in and out of PHE since 2017 when the now referred to as the Demonstrator was called by some the "mouse trap" . I did vaguely remember that it may have been moved out but thought it had been used for ongoing feedstock testing . Do you know when it was removed ? That would have finished some good work . It is a great pity that facility has gone if so and PHE's place in that area.
Sorry Mjallen . I think I should have used the quoted terms "Feedstock Testing unit" for the proposed TCC at Bridgend and the "Demonstrator" Unit at Thornton Science Park. I would still like to know how near to the Commercial TCC the "much closer in design to the commercial TCC means and if it could be easily up graded after a time doing useful feedstock testing . This would also make it a useful commercial demonstrator for potential clients. Is PHE itself funding the build?
I hope you are right Sharesport & Piltic and I agree with you Moab. As an ex resident of Runcorn and still in Cheshire. Why couldn't the "Nearly Commercial (Prototype) Thermal Conversion Chamber" (NCPTCC?) be built on Protos 10b or even Thornton Science Park in place of the present "Scientific Prototype Thermal Conversion Chamber" (SPTCC?). Well if everybody else likes generating mnemonics, why not me?. Why ship all the tec. bods down to Bridgend? No doubt the new facility there could house a state of the art simposium centre for
new clients. Hopefully in any case the "Nearly" one could be upgraded to a "fully" version and shipped back to Protos 10b OR even a new location IF it is true that Peels exclusivity agreement is about to run out. "One small step for PHE one giant leap back for Peel" ! Ha Ha
It is fare to say everything more or less is going down due to the terrible state of our economy and a change of government leadership giving the market the jitters. The only thing I can see wrong with the company fundamentals is the EPRA earnings reduction in the full year results and the declared intention to increase the dividend. Some may consider that imprudent
Absolutly facinating. My friends who say the House of Lords should be demolished and polititians in general are a waste of space should listen to this.
Yes . Rather worrying Gonsan. This is my first forry into the property investment market so I am not an expert ither. Mention has been made that the recent proceeds from the sales of offices and leasure have not been re invested as expected. However if we are entering a recession , then property prices may be dropping and the BOD will be waiting to get the best deal on new purchases. If so, this is quite prudent I think. Also an opportunity for us to buy more shares!
That is really interesting Hagis. Good find. It just shows the speed of progress of research in these areas an the absolute necessity of Peel getting a move on. I did a bit of research on the exotic molecular structure of carbons mentioned. The nano tubes are really exciting with almost limitless applications in electrical conduction (replacing copper in EV's?) ,semiconductors heat conduction, etc.. Even though the parent company is US, the research spin off IS British based and will eventually trade as a British company I believe. Worth keeping an eye on even though very much at the research stage now.
Great news Dr A. However I remember that the last calculation I saw maybe 2 years ago in David Ryan's time was that the DMG would be able process 35 Tonnes of plastic per day into 2 Tonnes of Hydrogen i.e. 2000 kg . Is it that the Hydrogen dispenser can only handle half of the DMG potential output or that the DMG figures have changed?
Yes , as stated Planning permission was granted over two years ago for the Protos site Cheshire. Will it be another two years before we hear anything about building at the Rothsay docs site??
Thanks for that majallen. I do believe I did read that, but you kicked my memory. I do note however that it says "Summer/autumn - start on site at the plastic-to-hydrogen facility to turn unrecyclable plastic waste in the region into a clean fuel for buses, HGVs and cars." that probably means September-October . Ho Hum
Since this was announced on 24th may iI am surprised I have not seen mention of it before today on this board. It is certainly a step in the right direction by PHE. Maybe they have finally got fed up with waiting for Peel to fulfill their obligation to get going on the FOAK DMG. I remember someone said that August was now the announced start date at plot 10b. I have not seen that announced by Peel officially. Can anyone send a link to that? Is it a coincidence that August is also the date for the extension of the loan to Peel as the SPV provider for this to finish? If Peel do not start, then I assume PHE can then withdraw the loan (sorry I can't remember for how much but I think 3-4Mil?) Can this be used for the new "Commercial prototype" at the new GTIC? Wherever that is going to be. What has happened to the rest of the (I think about £11mil )raised by share issue last year? Can this be used, or has it all been frittered away? I assume "early 2023" for the site to be operational means before June 23 ,i.e. 12 months time . That seems a very optimistic prediction considering they have not even selected a site yet. Sure discussions and agreements MAY be going on, but given past predictions, I am not so optimistic. Any thoughts Dr. A?
While it is a relief to see that SAE has finally got an alternative plan for Uskmouth that seems acceptable to the powers that be, it does seem half baked to me. Where is the power coming from to store in the batteries? Without any mention of any contract to build a corresponding solar or wind farm, I assume they will have to buy in "surplus" power from the grid. This may be a cheap fix in the short term but I can't see it being a long term money earner. I have seen other proposals to do the same so it must make some financial sense. Can anyone enlighten me?
Thanks for your input Tim Bob . All very good points for a newcomer to this area of investment. You mentioned devaluation of property which does happen in times of economic stress which is why I mentioned "negative equity" as a well known example of a risk factor in this area ,but then all investment has risks of course. You just have to factor that in.
OK Tim Bob. So what you are saying is that the asset value will have to increase to meet the prefered debt to asset ratio. That is what I would like to see. Apart from that, it does look quite sound with a good discount of share price to NAV.
OK Tim Bob. I accept that logic, but I am an old fashioned conservative and don't like a debt that can always be called in or interest rate hike as with a mortgage. Ever heard of negative equity? I do hope that debt level will be reduced.
Anyone got an opinion on the debt level? . It seems very high at 111 mil . Even the board says it is not within their own risk level. How is it being paid off. I am more used to a "revolving credit facility"