Member Info for Piltick

I would also be happy for these questions to be put to the company, but they may need to be prioritised. We seem to be pretty much in the same or similar situation that we found ourselves in late last year before the open day, now back to radio silence. Why can't they just keep us up to date? Is it really that hard to do?

I see that buyers came in fairly quickly, me included, but I didn't get quite the price I was looking for. Tricky MMs.

yellow, I suggest you look at stokey12's post at 9:18 this morning.

This could turn out to be a blessing in disguise, depending on they get on with other potential buyers.

OK Stokey, that would work. Assuming that the planning application gets approval at the meeting on 4th February then they could issue the shareholders' circular shortly after that, with the EGM by the end of February. I can't see the shareholders' circular being issued before the result of the planning application.

Stokey, I don't understand why you're saying that. As I have posted several times, surely it wouldn't any sense to produce the shareholders' circular right now before we know the result of the planning application and confirmation of the grant to W2T as these issues will affect consideration of the valuation for the takeover. I imagine they will want to get these things out of the way before issuing the circular to shareholders.

Yellow, you ask "where is the value?"
Well, that is for the BoD to explain and justify when they issue the circular to the shareholders.

Perhaps I'm being a bit unfair there BumbleB. W2T were appointed "developer" of the first DMG unit which meant that they would establish a SPV for it and find the funding. So therefore they would have to obtain the planning permission and any available grants and of course the lease to go with it, all for the SPV. Obviously that didn't happen as planned, so that's where we are now.

Not sure BumbleB, it seems to have just evolved.

The planning application is in the name of W2T & Peel. Not PHE.
So if/when planning permission is granted, that permission will be in the name of W2T & Peel.
W2T have the lease for the land from Peel. Not PHE.
The grant that was recently announced will be in the name of W2T, not PHE.
However, after the takeover (assuming it goes through) then because W2T will be a 100% subsidiary of PHE, the planning permission, the lease and the grant funding will all belong to the enlarged PHE group.

But I imagine that because the planning and lease will be in W2T's name that this will have to be considered as part of the value in the "price" that PHE will be paying for W2T.

However, as I posted earlier, we need to wait for the issue of the shareholders' circular in which the BoD must explain and justify the "price" and other terms that they are proposing for the takeover.

Incidentally, I'm not expecting the shareholders' circular to be issued until after the planning permission has been approved. Bear in mind that the grant of £1.25M will only be awarded to W2T when they have obtained planning permission and funding for the first DMG unit, which they must achieve by 31st March. So perhaps the takeover will have to wait until all of these things are out of the way so that there is a clear road ahead.

I don't know what they're planning of course, just a thought.

Wait for the shareholders' circular to be issued. PHE's BoD will have to explain and justify whatever they are proposing regarding the takeover.

The SP and hence MCAP of some of those other companies may come down significantly when the market takes a closer look at their forecast PE ratios, while AFC is more likely to move upwards.

Fishing for stop-losses again?

Makes a lot of sense to me.

Over 50M today.

I suppose it shouldn't really come as a surprise that potential customers want the bigger 160KW chargers. Whether it's a supermarket or NCP car park, or a commercial vehicle depot, they will surely want to provide the fastest charge possible to as many vehicles as possible.

Mitch, it means that the shareholder is most likely to want to hold the shares as an investment rather than sell them on the market for a quick profit.

"... that it has raised, from a single shareholder..."
"The Subscription Shares are not being made available to the public..."
Sounds like it's a sticky subscription.

If what Sharon Hodgson is correct, it would seem that the developers haven't done a very good PR job.

I see that it's being called an "incinerator" which is not good news for the developers.