Member Info for stokey12

Spencer1983 - I am not expecting any news until the H1 results which are due by the end of September. Would he know what they are likely to be if so has he given an indication?

kenny100 - In relation to your 21.50 post of yesterday when did this 600% jump in one day happen and to what price did it go to. Also can you recall what caused the jump as if it happens again I would like to use the spike to increase my holding.

yellowf1 - My calculation gives a gross return of 18.76% on a CAPEX of £10m. On a CAPEX of £7m then the gross return is 26.80. You will of course that these figures are all based on a power only unit.

yelowf1 - Thank you for your 14.06 post. If the return was 3% gross would agree with you. The figure I quoted was only the license fee to PHE not the gross revenue received by the site owner which is £1,876,000. This is based on a gate fee of £80 and a payment for the power generated at £60/MWh. As this is a power only it would generate around 56MW/h.

yellowf1- Thank you for your post of 13.35 I always like an inteligent response from somebody who has fully mastered their brief. But I will take your reply instead. You seem to be making a fundamental error in assuming that PHE will be paying for the DMG unit. If you listen very carefully to the last interview that David Ryan gave to Proactive the link is on a earlier tweet it is clear that the customer or the development partner will be raising the finance, with possible assistance from PHE. So the costs that you mention are not being borne by PHE the figure I quoted is the 20% license fee that PHE will be receiving. It follows that there is no CAPEX payable by PHE. On the plant point I know this has exercised 98889 as well I do not believe that there will be any plant owned by PHE as I suspect that the DMG unit will be constructed in situ at the customers site. The reasons for believing this are:

1. From the statements made it would seem that the units will not be mass produced as the units have to be calibrated for the feedstock being used. See in this respect Piltick's post of 22.50 of Monday.

2. The parts are all, or mainly, off the shelf items so can just as easily be sent to the customer as to PHE.

Please note it is a DMg unit and not a DME unit that you have been refering to in your recent posts.

This would be my first AGM it will again be at the offices of WH Ireland. My questions are who a=is going and what questions will you be asking if you get the opportunity. But of even more importance what is the distance from WH ireland's offie and the nearest place to get something decent to eat?

Yellowf1 - The answer to your question is yes. It would be viable on the sale of power only this would provide a revenue in the region of £300,000 pa for each UK based DMG unit. You wil recall that initially DMG units wil be power only units.

The link to the ntice on teh PHE website is here https://www.powerhouseenergy.net/wp-content/uploads/2019/07/Notice-of-AGM-2019.pdf

I note that the story says that it was the university of Chester who came up with the method. Granted that they do say it was working with PHE. Am I the only one who is slightly concerned with the way PE's involvement s downplayed?

exdragonoil - In reference to your 09.52 post you obviously listening to carefully for as Newboy58 pointed out in his post of 12.36 David Ryan said they have two dozen customers not sites. If as I suspect one of those customers is Peel Environmental that is six sites from one customer. So I would not assume as I did when I did my revenue calculations last week that 24 customers equals 24 DMG units. It is possible over the next couple of years that those 24 customers will purchase multiple DMG units and my £50m revenus projection might prove conservative.

Desertwolfch - I spoke to my crystal ball and it says that notice of the AGM is likely to come on Wednesday of next week.

Having listened to the interview I found what he said about finances around the 10 minutes mark interesting. He does not seem to be saying that there would be any need for any kind of equity fundraising immediately. I also note what he said about a cornerstone investor. I wonder who any possible cornerstone investor would be and what they would want for thier investment.

Can I make a correction to my 14.28 post the £50m is the first year only and includes the cost of the DMG unit. The annual recurring fees from the licenses and excluding any revenues for additional services is around £9m.

I have just done a quick calculation based on my earlier revenue projections and if all the 24 potential customers are converted into firm orders of one unit each then this would give revenues of around £50m. On a P/E ratio of 10 that would give a value of £500m. Can someone please give W2T a kick up the backside and tell them to get that planning application in.

are doing havoc with my records of buys and sells. Also whether there has been more buys or sells.

98889 - In the annual report at page 4 second bullet point under Engineering highlights it says 'Upgrade of research demonstrator and acquisition of laboratory equipment to enable paid trials to commence.' On the same page under post year end last bullet point it says 'Initiated first paid field trials for customer.'

Mogbear - In the annual report it is stated that the unit at the Unversity of Chester where the demonstrator unit is based has been upgraded so that it can do paid trials on possible feedstock. There is therefore that income stream which may be online. In addition there is a contract with W2T in connection with the first commercial site for the provision of additional services. The annual report did make reference to a possible equity fund raise, but not when, I did not get the impression that it is soon. My view is that funding is secure at present there is no significant debt and none shown in the accounts.

I know we have not had an operational update for a while but with the AGM next month we should have an update within the next four weeks. If we do not then the AGM will be a very dull affair with very little to say as you cannot make any annoucements without making them to the market first.

Jabberba - With all due respect I am more concerned about when W2T are going to get their finger out and get the planning application in. Making the planning applicaion is not dependent on finance.

This is the second article this week on the DMG technology both with the quote from the University of Chester. As PHE has not sought to correct any inaccuracies I presume that they are happy with the articles although they do not say that the technology was developed by PHE rather that it was the University of Chester.