Member Info for stokey12

Piltick -in relation to your 08.24 post Bingley is where the registered office is.

A good reason for agreeing to the takeover is to stop this kind of misreporting https://www.thebusinessdesk.com/yorkshire/news/2058071-bingley-business-set-to-complete-53m-acquisition

ringworm - In relation to your 20.24 post yesterday I would disagree that £125m is an overvaluation. There are 11 Peel sites which would bring in annual revenues of £5.5m when completed and I am sure that Peel would want them done in the shortest time possible. In addition the current prescreened pipeline of customers stands at 24. When completed this would bring in another £12m in revenues. PHE therefore has a total pipeline with a value of £17.5m. This excludes any fees for enginnering support. If you apply a P/E ratio of 10 to this you get £175m. So the new valuation reflects the value of the currrent pipeline of orders which the takeover enables.

operastar - In relatio to your 18.19 post the reason for the rule 9 is covered in section 8 oftheshareholder circular. In bref without the waiver Howard White and his associates will be obliged to make a cash offer for PHE.

Having looked at the share price of other energy from waste companies it is not clear how much of the drop in the share price is due to today's circular. It is possible that the drop in the share price would of happened anyway or atany rate some of it.

yellowf1 - In relation to our 15.14 post. Without thia deal then in all probability the point at which dividends could be paid would be further away. Also there is also the risk that the size of any dividends would be smaller than with this deal. That is why most shareholders are likely to vote on the basis of future potential earnings as opposed to a book valuation of W2T.

Wolveshaveeyes - In relation to your post of 14.27 can you clarify which of my two posts on this thread you are ageeing with.

TheOldbee - In relation to your 14.14 post. The purpose or at any rate one of the purposes of the takeover of W2T is so that the current agreement under which W2T has exclusive rights to develop the DMG Technology in certain jurisdictions including the UK will be extinguished. This would then allow PHE to grant UK exclusivity to Peel who would then be in a better position to fund and develop the rollout of the DMG tchnology in the UK.

I have just emailed the following question to PHE for the General Meeting. 'As I understand it after the completion of the takeover some of the existing debts of W2T will be paid off. Can you please confirm if any, and if so how much, of W2T will be transferred to PHE so as to increase the net debt ratio of PHE.'

Does anyone else intend to pose questions for the meeting.

Zodiac123 - In relation to your 11.43 post the short answer to your question is No. If the share price was going to go down thatfar I would have expected it to have done so by now.

Jettydog - In relation to your 09.34 post I would observe that at the time of the initial announcement of the proposed takeover the PHE share price was under 0.5p a share it has gone up significantly since then. The share has so far not craterred on the announcement as some had forecast. I would therefore maintain my forecast that both companies will be profitable over the next two years. As to the MCap I donot see any reason why the MCap for both should notincrease as deals are announced.

If you take the Enlarged Share Capital from the Fully Diluted Share Capital you will get a figure of 83,800,000 this is the number of options and warrants outstanding.

The circular can be founf here https://www.powerhouseenergy.net/wp-content/uploads/2020/06/PHE-Circular-25.06.2020-final-10-July-proxy-share-issue-v2-pdf.pdf it is 53 pages long.

Jettydog In relation to your 08.34 post I am in both this company and PHE. I have read the RNS including the summary of the circular. I note that PHE has a superior Net Debt Ratio to EQT. Also it makes clear that Peel will take on a pipline of 24 customers who have already been validated. Acordingly on balance I see both companies being profitable in 2021/2

Rooky - In relation to your 08.35 post yes I noted the reference to the 24 sites. This was the same figure given at the AGM so it does not look lke any new customers have been added in the last year.

Can someone with L2 data give some directional guidance as to the way the market is going.

Newboy58 - I do not think it will tank although we will know for certain in about an hour or so. It is as expected so I would expect this news to have already been priced in.

I willneed to do a full read of both the RNS and the circular. However so far no surprises so unless I read anything that changes then on Monday I will be advising HL to vote in favour of this in relation to my holding.

Devonian47 - I would ask that you do not use madness and government in the same sentence as it is open to misinterpretation.

This thread may be of interest https://twitter.com/BBCNews/status/1276185760534802432