The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
HTTps://www.powerhouseenergy.co.uk/investor-hub/significant-shareholders/
I see that the "Significant Shareholders" list has been updated in the company's web site, too take account of the latest TR-1 forms that the company received when the White family reported the reduction of their combined shareholdings below 20%. It seems that no further TR-1 forms have been received from any shareholders regarding the recent substantial selling that has taken place. Perhaps these share sales have not brought the seller(s) below the next threshold that requires to be reported.
It may be worth pointing out that at the time of this update the combined White family's holding was 19.94%. Howard White's holding was only 1.92% so the lowest in the family, and Josh White was 7.78%, the highest in the family.
All of the Financial Institutions' holdings are almost certainly Nominee Accounts, in other words shares held by individuals in these accounts and not held by the Institutions themselves. Until the company receives TR-1 forms from the shareholders there is no way to know who the big sellers are. It could be anyone in the White family or it could be any of the individuals within the Nominee accounts.
DCF is most useful for individual project analysis, but it is only as good as the basic assumptions and figures that are put into it in the first place. I'm not convinced the it works very well for valuation of whole companies.
Daz, surely you don't need me to explain to you why it is intended to use ammonia to store and transport hydrogen, not only AFC but by other companies for transport between continents.
It's not because it's hard to source hydrogen, it's because it's hard to store and transport hydrogen. Are you not aware of that?
DAZ:
"Bond said in an interview that hydrogen was the most abundant element in the world indicating that you could get hold of it easily yet now they are pushing the ammonia cracker because quite often it’s hard to source hydrogen !"
That is such utter rubbish! A clear example of how to twist reality and produce mis-information!
"Shell said it would now look to provide larger sites to fuel hydrogen HGVs, as the fuel has a clear advantage in weight for trucks and buses compared with the large battery packs that would be needed for a bigger vehicle."
So this is the way it seems to be going, for now anyway.
Tatty, I think the point about hydrogen fuelling stations is that at the moment there is very little (if any) demand from cars for hydrogen fuel, but there seems to be a growing demand from commercial vehicles, trucks, buses etc. So although there is unlikely to be many hydrogen fuelling stations at service stations along motorways etc., there is likely to be more commercial vehicle depots with hydrogen fuelling stations, such as at Protos.
PHE needs to go further than just a test unit, even though it is intended to be closer to the size of the commercial unit than the demo unit that they have been using so far at Thornton Park. In addition to the bigger test unit that they plan to build, they absolutely MUST build the full-sized commercial FOAK, and it seems to me that quickest way to get there is to crack on with the Protos installation asap.