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Plutus PowerGen Plc interim results for the six-month period ended 31 October 2017. Highlights: � 120MW now in operation with a further 60MW targeted for 2018 excluding gas sites � Heads of Terms with JCB Power Products agreed to co-operate on site development and maintenance � Planning achieved for all 180MW partnered with Rockpool � Expansion into energy storage projects with London and Devonshire Trust � Strengthened gas site pipeline with development partners Jan 2018 RNS We are also making progress with the development of approximately 200MW of gas-fired FlexGen projects and I look forward to updating the market accordingly."
What happened with BioProgress?
Ok, I know who you mean re Frothwinny_Tom, I hear he doesn't like Longley and Tatnall for some unexplainable reason Anything wrong though with Papillion?
Hi chairmanone, what about Papillion Holdings?
What do you know mogwhy?
A RISING STAR. Cantor Fitzgerald has published a note that regards AIM listed Plutus as a rising star. Adam Forsyth at Cantor Fitzgerald, commented �It now has a meaningful operating portfolio and continues to grow the asset base�. Cantor reiterates a BUY RECOMMENDATION and target price of 3.6p, a 76% increase in share price As followers here will know, that price target does not include anything from the impact of gas sites in the offing. So in my book 3.6p is a conservative and safe target for starters ahead of new developments that could be imminent. But even so, where can you get a 76% increase in value in short order? The bailers today weakening the price provides an attractive discounted opportunity for those wanting "IN". IMHO. DYOR. Good luck to all!!!
When do you think this anticipated rise is going to come?
Thanks Copout. What I still don't get is that since Monday we have had �59,672 of buys and �20,597 of sells or there about and the share price as just kept on going down, why? What am I missing
Again more buys than sells and yet we go down
in the last two days we have had roughly �39K of buys compared to �6.5K of sells and yet we are down, can anyone explain. If we had �39K of sells we would be down 10%, baffles me sometimes
Disappointing reaction to such awesome news. 2018 will surely see the value of PPG increase substantially
PLUTUS POWERGEN PLC ("PPG" or the "Company") Strengthened Portfolio of Flexible Energy Projects Plutus Powergen Plc, the AIM listed power-company focussed on the development and operation of flexible energy generation ('FlexGen') projects in the UK, is pleased to announce that as part of its strategy to expand into higher-margined gas-powered sites, PPG has lodged Capacity Mechanism ('CM') deposits for the upcoming CM auction for two 20MW Gas FlexGen sites with planning permission. CMs are awarded by the Government to ensure that electricity supply continues to meet demand; providers are paid a per MW rate for the capacity they offer to the market, which must be available when called upon by National Grid at any time during the contracted period. The consideration for the CM deposits totalled £390,000, funded in part by short-term shareholder loans of £250,000 bearing interest of 8% per annum. The Company continues to focus on increasing its pipeline and to this end a further six gas sites totalling 120MW are in the planning process; it is envisaged that this figure will significantly increase during H1 2018. PPG is also in advanced discussions regarding the purchase of further sites with planning, that would be fast-tracked to commissioning. The various gas sites in the pipeline will be built between 2018-2019. As per previous regulatory announcements, the cost of the build out of these gas sites is expected to be funded by asset finance (60%), a big six energy utility (20% equity) and equity and/or mezzanine finance (20%). Charles Tatnall, Executive Chairman of PPG, said: "We are pleased to have participated in the CM auction for two gas-powered sites with planning permission. In terms of financial scale and returns, one 20MW gas site is similar to 50MW of the Rockpool sites under development. Therefore, the two sites for which deposits have been posted are equivalent to 100MW. 60% of this is 60MW equivalent and therefore our carried interest would be the financial equivalent to 75% of our Rockpool interests, a huge increase in our asset base which will be consolidated should the Company be successful in gaining CM contracts for either site. We continue to build our pipeline of projects, and through our execution strategy are solidifying our position as a leading provider of flexible power generation in the UK.
More than likely shareholders shifting assets into pensions
From Advnf Well; What an odd day. We now know that 9 Rockpool funded sites will 100% be operating in 12 months and 6 of them this winter. High probability of all 9 having 15 year capacity contracts. These sites alone are probably worth over £30 million to Plutus. We now seem clear that at least 2 gas sites will be in operation by this time next year. We are waiting to see whether that number is bigger. I think there may also be sites that are not registered under Plutus' name . We don't yet know the source of the funding but with applications being made they must be pretty close to something massive. On 30th November someone bought 1.5 million shares in one go. Yet today people sell. Oh well - you can never tell peoples motives. Watch out for more sizeable buys. That will indicate whether bigger investors are moving in. Being in the share gives you exposure to a potentially massive move upwards.
2 more projects out of the 5 are to be commissioned very shortly, giving us at total of 120MW / 6 sites We are waiting to hear on 4 gas powered sites that have been in planning (80MW) which the funding of, must be pretty close, which is a big game changer, as this isn�t reflected at all in the current situation 3 more sites have planning permission (60MW). Cantor are saying a target price of 3.6p, this will be re-rated on the back of the gas sites and the funding of In the pipeline there is a further 700MW though this is spread over the coming years What is there not to like, nothing but value adding news to come and some of it just around the corner
29 November 2017 PLUTUS POWERGEN PLC ("PPG" or the "Company") TWO FURTHER UK FLEXIBLE ENERGY SITES COMMISSIONED Plutus Powergen Plc, the AIM listed power-company focussed on the development and operation of flexible energy generation ('FlexGen') projects in the UK, has brought a further two new power generation facilities into operation. Overview · Two new 20MW FlexGen sites commissioned in Stowmarket, Suffolk · Facilities can be switched on at a moment's notice at times of peak demand · Plutus is now operating four 20MW FlexGen sites in locations across the UK Charles Tatnall, Executive Chairman of PPG, said: "Intermittent renewables increasingly put pressure on a tightening power market; our FlexGen solutions help alleviate this deficit and ensure that the power stays on, even during periods when a higher than average supply level is required. We now have four operating sites with 80MW capacity between them and other new sites in development. As a result, our investment case, which positions Plutus as a low-risk, asset-backed company with stable revenue streams, continues to strengthen." The Company's two new 20MW FlexGen sites, located in Stowmarket, Suffolk, hold capacity mechanism contracts for 15 years starting in 2020 and are pre-qualified for next year's T-1 2018 capacity mechanism auction. The Stowmarket sites are two of nine sites held in partnership with Rockpool Investments LLP ('Rockpool'), which has provided funding for their development for which Rockpool also pays management fees to PPG in return for PPG overseeing the construction of the assets and for managing them on an ongoing basis.
The real value of the current sites being built with Rockpool will be determined by what a pension fund or other is prepared to buy all 9 sites for in early 2019. Early indications are each site being worth around £12 million. Pay off asset finance and left with about £9 million per site of which 45% acrues to Plutus. So - we should have a cash injection of around £4 million per site. 9 x £4 = £36 million. Current market cap is £18 million. Anyone see the disconnect here?!!! So - here's the really exciting bit; The next expansion is into gas and these are much bigger prospects. each site will cost around £12 million to build but will delver income of around £3 million per annum. Finance is being arranged right now and I believe that announcement of finance for the sites would blow the share price into orbit. so - we are pretty sure we have around £36 million in the bank come 2019 which will be used to pay down any loan on gas sites far quicker than people realise. The gas sites will be between 80% and 100% owned by Plutus. What an income stream that will create; and probably a large predator .
So 6 sites producing power and income, that’s 6 Times the productivity and income as of where we are today. Gas sites funded, which I am sure is just around the corner, will surely have a big impact on the share price
All new sites near commissioning PPG Twitter.
Crumlin ready.....an official announcement must be imminent!