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There seem to be one or two sellers over the last 10 days Either they are truly desperate for cash Don't believe in the short and long term upside,100 MW connected by the end of November 2017 Funding / planning / Gas sites news around the corner Cantor re rate Or they must have a better short term investment opportunity
Taken from ADVFN "We know what is coming in the next week or so.... 100% rise on full set of connections RNS's???? GLA" Looks very possible
A further 5 projects (100MW) are currently being built with an expectation of CONECTION BY NOVEMBER 2017. HELLO EVERBODY, NOVEMBER 2017 NOT 2018 3 more sites have planning permission (60MW). FYI Plymouth made in the region of �1million last winter, all sites will do roughly the same. 4 further gas powered sites are in planning (80MW) and funding must be in the bag for these, which is a big game changer. There is a further 700MW of pipeline Cantor are saying a target price of 3.6p, this is going to have to be re-rated very very shortly to somewhere nearer to 6p or more Useful to know that Alkane Energy PLC (providing around 140 to 160MW of connected power generation) were sold to Balfour Beatty Infrastructure for �60 million in October 2015. Guess how many MWs we will have in production very soon (November 2017) and our market cap is still only �17 million.
I agree somewhere between 3p / 4p,with funding I n place and sites up and connected. Could be even higher if we get planning on a number of gas sites this side of Xmas I think we need to be prepared that not all those 5 sites will be connected by November due to inevitable hiccups, hopefully by the end of the year / early next year but no later.
From Q&A section on PPG website: September 2017 update. How many plants are already running and how many have approval but are yet to be built/turned on? "The Company has one 20MW project in operation. A further 5 projects (100MW) are currently being built with an expectation of connection by November 2017; 3 more sites have planning permission (60MW). 4 further gas powered sites are in planning (80MW). There is a further c.700MW of pipeline which require further analysis." Looking very exciting, would expect funding announcement v soon. People need to get in soon before this goes boom,which it is going to do in the very near future, so reflecting the true value of this company which is multiples of what we are now.
meant to read; Attune / PPG
Possible suggestion is to call Attune
Alkane Energy PLC was providing around 140 to 160MW of connected power generation. It was sold to Balfour Beatty Infrastructure for £60 million in October 2015. Guess how many MWs we will have in production very soon (November 2017) and our market cap is still only £15 million.
Meant to read NOVEMBER 2017 NOT 2018.
The Company has one 20MW project in operation, Plymouth, that made in the region of £1million last winter, all sites will do roughly the same. A further 5 projects (100MW) are currently being built with an expectation of CONECTION BY NOVEMBER 2017. HELLO EVERBODY, NOVEMBER 2017 NOT 201. 3 more sites have planning permission (60MW). 4 further gas powered sites are in planning (80MW). There is a further c.700MW of pipeline which require further analysis.
PLUTUS POWERGEN PLC ("PPG" or the "Company") Heads of Terms with JCB Power Products Plutus Powergen Plc, the AIM listed power-company focussed on the development and operation of flexible energy generation ('FlexGen') projects in the UK, has signed a Heads of Terms (the 'Agreement') with leading UK provider of gas and diesel generators, JCB Power Products Broadcrown Limited ('JCB'), to design, procure and supply the required generators for the Company's UK FlexGen Projects (the 'Projects'). Under the terms of the Agreement, both parties will cooperate with the identification and suitability of sites and will leverage their complementary skills and capabilities to bring FlexGen projects into operation. JCB will assist PPG on the design, procurement and supply of the required generators for each individual FlexGen site and will also provide long term repair and maintenance services. Furthermore, JCB will introduce PPG to JCB Finance Limited, a member of the RBS Group, who specialises in providing asset finance in connection with the acquisition of JCB equipment. All selected sites being advanced by both parties will be developed within individual SPV structures, with terms negotiated on a per site basis. PPG will be responsible for all commercial contracts and arrangements with respect to power and benefits related to each Project, including inter alia, Capacity Market contract and Power Purchase Agreements and provide overall funding, which may be through JCB Finance Limited or asset finance where appropriate. This security of supply is an important element of UK energy infrastructure given the rise of intermittent renewable energy, which puts considerable stress on the grid at peak times, increasing the risk of blackouts and brownouts. PPG's current focus is on completion of the 180MW of FlexGen with Rockpool Investments LLP and the development of approximately 200MW of gas-fired FlexGen projects across the UK. These facilities can be switched on at a moment's notice at times of peak demand and help to mitigate the current and forecast risk of an energy deficit. PPG has a pipeline of over 700MW and is targeting 120MW of diesel to be operational by the end of the year with an additional 60MW which is at the post-planning stage to be built in 2018. PPG also has a potential further 80MW of gas currently without planning which the Company hopes to build on next year. PPG Executive Chairman Charles Tatnall said, "JCB is a blue-chip company that has the experience and equipment to assist in the roll out of our FlexGen portfolio. It is an ideal commercial partner to supply both gas and renewable green diesel generators for our growth plans. We continue to build strong relationships with companies that understand the UK's energy dynamic and the need for flexible energy generation. With a pipeline of 700MW, we are excited about the future in this highly dynamic and demanding market."
With respect to the outcome of DEFRA's consultation on new lower emissions limits, the Company understands that this has also been delayed by the general election. However, PPG is confident that it will be able to comply with the proposed new rules, without any material impact on investor returns compared with the returns expected when Plutus Energy was first reversed into PPG. Overall, the structural changes in the business and the reduction in TRIAD have put negative pressure on PPG's share price performance. However, all parties, be it the Board, Rockpool or financial advisors, believe the business case remains extremely compelling and that the future value of the business is attractive. Therefore, the Company remains committed to executing its development strategy in tandem with its partners. Going forward, the Company has a pipeline of FlexGen gas projects totalling 150MW, which it will seek to retain an 80% plus interest in. The Company is focused on constructing a minimum of four gas powered projects per annum as they offer significant advantages, both environmental and financial, over renewable green diesel engines. However, the Company may consider other projects in certain circumstances, utilising strong relationships with key partners both in the finance and energy markets. PPG Chairman Charles Tatnall said, "Following a re-work of our modelling, and considering OFGEM's proposal, we believe we still have an extremely robust and attractive business model. The market for flexible energy generation is clear to see and we have the team and are in well-developed discussions regarding the financial backing to deliver our projects and therefore our stated strategy. It is also important to emphasise that PPG continues to seek to fund the construction and development of its power generation sites through non-dilutive means. As such we continue to view the future with confidence."
It will be nothing to do with OFGEM as that issue hasis no longer and issue see the latest trading update. 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 provide a trading update on its operations. The Company's business model remains focussed on the construction of FlexGen projects across the country. The energy environment in the UK is tightening rapidly and PPG is focussed on mitigating the current and forecast risk of an energy deficit through the development of a portfolio of 20MW power sites, which can be switched on at a moment's notice at times of peak demand. PPG's inaugural 20MW FlexGen project, based in Plymouth, has traded above budget since it commenced operations in November 2016. The Board notes that on Wednesday 17 May 2017 power prices in the UK peaked above £1,500 per MW hour due to outage and generation imbalances, and recognise this volatility will be seen in the markets more regularly going forward. PPG 's sites are ideally positioned to take advantage of this as they can be operational within 30 seconds. A further eight 20MW projects are in various stages of development. PPG and Rockpool Investments LLP are arranging the finance for all nine projects with a combination of debt and equity. PPG has a 45% stake in each project and management contracts, which will total £150,000 per site per annum. Some 100MW's of these projects are in construction at present and it is expected that they will be available to supply electricity during the winter of 2017/2018. With regards to the current OFGEM regulatory review, initiated in March 2017 when OFGEM published a "minded-to" decision, the Board await the conclusion of that review which is likely to be published after the general election. If implemented, as published, this would reduce the TRIAD benefit received by small embedded generators, such as PPG's projects, to close to zero from the winter of 2020/21. It is expected that OFGEM will announce a full review of the whole charging system and it is likely that TRIAD will either be frozen or reduced over the period of the review. On the surface, this has been perceived as damaging to the prospects of PPG. However, due to the sites having multiple revenue streams, including reactive power sales, STOR and FFR, the Board have examined each of PPG's operational and financial models to exclude TRIAD from its renewable green diesel powered sites and proposed gas sites. While the gas sites are around 100% more expensive to construct than the renewable green diesel sites, the Board believe the financial returns, even excluding TRIAD if ultimately abolished, remain highly attractive and offer a potential IRR per project in excess of 20%. With respect to the outcome of DEFRA's consultation on new lower emissions limits, the Company understands th
By the looks of the sells, no news expected, though I would like to be wrong. PPG is in an even stronger position than it was before the OFGEM report came out and now that is no longer an issue, we really should be back up around the 3p mark
Spot on rhug1966
It fell like a lead balloon on the report earlier in the year, 70% or so. Nice to see it rise as fast as it fell. There is now no reason at all why we should not surpass the highs of the past. Anyone getting in now will make a very tidy return on their investment
From the last RNS: Very bright indeed Going forward, the Company has a pipeline of FlexGen gas projects totalling 150MW, which it will seek to retain an 80% plus interest in. The Company is focused on constructing a minimum of four gas powered projects per annum as they offer significant advantages, both environmental and financial, over renewable green diesel engines. However, the Company may consider other projects in certain circumstances, utilising strong relationships with key partners both in the finance and energy markets. PPG Chairman Charles Tatnall said, "Following a re-work of our modelling, and considering OFGEM's proposal, we believe we still have an extremely robust and attractive business model. The market for flexible energy generation is clear to see and we have the team and are in well-developed discussions regarding the financial backing to deliver our projects and therefore our stated strategy. It is also important to emphasise that PPG continues to seek to fund the construction and development of its power generation sites through non-dilutive means. As such we continue to view the future with confidence."
Has no affect on PPG as per the last RNS, they have re-modelled their financials, so it is a dead issue
I think you mean the gangster of AIM