Member Info for stokey12

Has anybody been abke to work out how much power a 35TPD DMG unit will produce?

98889 - In relatin to your 10.39 post I would refer you back to my 06.05 post where in relation to consultancy I said 'I use that term to include testing.' Therefore with all due respect referring to paid trials is on point.

98889 - No I did not if you look at the Annual Report and Accounts for the year ending 2018 on page 4 under post ear end final bullet point it states there that they did paid trials. Just because PHE did not issue a RNS about it does not mean that there were no field trials or other work.

98889 - Whether consultancy work will show up in the H1 results depends on when they were recieved. Any income received before 30 June 2019 will show up in the results published in September. Otherwise they will show up in the year end results in June of next year.

98889 - Thank you for your post of 18.23 yesterday. I would refer you to LongTerm74's post of 13.45 of Monday. It is clear from that post that the consultancy services do NOT only refer to the PROTOS site but to work for other clients. It is therefore possible that the consultancy fees, I use that term to include testing, will cover operational costs as there are 24 domestic customers and it is probable that some consultancy services ill be needed by most if not all of them.

98889 - Further to your 15.31 post I do not recall any specific period being mentioned but would expect to be referring to year end position. The H1 results in September would give an indication of whether this would be the case.

LongTerm74 - I see that your assessment in your 13.45 post is inline with my thinking. As I understand what DR said at the AGM the consultancy is supposed to cover operational costs. I wonder what the market has priced in?

PHE will publish the interim results for the 2019 FY towards the end of September. If they show breakeven or better then we might see a spike in the share price. DR has been saying that PHE will wash its face. However, if they show a loss then the SP might take a hit. What is everyone else expecting from the H1 result?

98889 - My undrstanding is that the actual construction work will be done by a specialist EPC company and five have been pre selected so that point is covered.

Piltick - My understanding from what has been said reviously is that most of the parts needed are off the shelf items not specifically designed for the DMG unit. It is therefore more cost efficient to have the items delivered to the site than manufactured at a factory then transported to the site.

During the various discussions last week references were made I believe by 98889 about the need to build a plant. I do not believe that it would be possible to mass produce DMG units using an assembly line. The reason for this is the control box which runs the process is sealed in to prevent the customer finding out how the process works. As the exact controls may vary between different feedstock then you cannot produce the DMG units with sealed control boxes.

Just come across this article from the Chester Standard. It is largely positive and there are no negative statements from environmentalist so it seems at least one local paper is not opposed to the plans. https://www.chesterstandard.co.uk/news/17839168.pioneering-facility-convert-waste-plastic-hydrogen-power-buses-lorries-based-ellesmere-port/

Piltick - I suspect that it is more likely to be the second option as opposed to the first.

Gadams - To achieve a £265m valuation on a P/E ratio of 10 would require earnings of £27m with the right mix of domestic and international orders I see that as being a realistic goal.

I was just looking at the Ceres Power share price ir is at £1.75 a share it has a similar business model to the one being used by PHE and are in a similar field. Does anyone think PHE would reach such a price if so in what timescale.

Piltick - In relation to your 09.36 post two corrections DR has said 24 customers not sites a minor difference. Also in rlation to my question at the AGM DR stated that the 24 customers does not include any overseas cuustomers. The Spanish customer sounds like a useful one.

Jabberba - I agree with your 07.36 post. As I see it Peel will perform two important roles. Firstly, where a lender is reluctant to lend to W2T, either because they are a private company and the dirctors are unable to provide or becasue the level of assets that W2T has is insufficient to cover the loan, then Peel would act as guarantor. It alo be possible that some lenders required another partner with a track record of delivery. Secondly, as half of the sites will be producing that means that across all the sites they will have a minimum of 10 tonnes of hydrogen a day being produced Peel will be using its contacts to find buyers for the hydrogen.

jgbb123 - If we get planning permission this year then we might see the first plant up and running by spring next year rather than middle of the year. You have to remember that most Institutional Investors such as tracker funds cannot invest in AIM companies. The Institutional Investors would therefore most likely to be EIS Funds which means that they would be investing for three years minimum to get the tax breaks. In that case they would be doing some due diligence and not be particularly worried by the delay in my view.

LongTem74 - As howard and Paul were behind me I think I did not notice the exchange between them. Can you elabrate on what in particular they were unhappy about. I can only think of one thing.

Philosophocal - You may have a point. On checking back the closest that any trade got to the current ask was two days ago.