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Stokey, I was thinking more along the lines of Velocys and the joint project Altalto with BA and Shell. Currently the project is also in planning and at similar stage to PHE.
Bumble, I don't know your knowledge regarding the above project but would be interested in your take of the submission and planning response by Natural England.
Wolves
Stokey I never wrote there was a single trade of 58m shares. To provide clarification:
I wrote "58m shares may require an RNS." I was referring to the TR1 if any UK entity was to cross the 3% reporting threshold. In PHE's case it is currently c.58m shares, nothing else. I have no knowledge of any entity reaching that level except those already in the public domain. Are there not different requirements for non UK issuers ie 5%, ...……..
The second part of what I wrote was " Could a WM Company have finally seen the potential?". There have been a significant increase in the number of shares and trades over the last few days. The last news release from PHE was 6th January 2019. The frequency and size of share trades could be based on interest from a WM Company. They have a lot of synergy with PHE's plant so it is a reasonable question. It could just as easily be hundreds of PI's looking for a share of the action.
No problem Stokey. 57,721,565 shares is 3% of the 1,924,052,173
shares issued as per PHE own website. So maybe should have put c.58m and stated TR1.
Basis behind post I believe is relevant though given the volumes and size of transactions.
Good to see this level of interest as so many transactions occurring for far smaller values as well.
Wolves
58m shares may require an RNS. Could a WM Company have finally seen the potential?
<30%? Combined. When?
Kenny, I fully understand now. For me 1 of 3. I believe many of these go under the radar or may be ignored.
Wolves
Kenny, Sorry, I understand now. Yes I do remember something like that. Caused a bit of a stinky Q at the time.
Wolves
Kenny. Thanks, I have been. I am referring to legitimate investment strategies only.
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AudibleEnergy, good to see you back to tapping the keyboard. I've been waiting for your opinion, always fun to read the maze of words but we all have a different approach to engagement. I hope to see you at the EGM.
Wolves
Can anyone remind me of the detailed rules that exist if the shareholders of a procuring company vote against a takeover. Can the offer be immediately revised and re-presented or is there a timing issue? What is to stop the Shareholders of PHE objecting to a W2T 40% share but requesting that the board re-negotiate to a more acceptable 30% share?
I suspect that PHE BOD have been posed a number of challenging questions already. The takeover document should prove to be very interesting and I look forward to being provided with a document that includes realistic projections both of PHE now and PHE after any takeover. The divergence of income may be considerable over time. It is not just the short term plan of receiving income, it is also the longer term plan relating to re-investing income, capital investments, JV's, R & D decisions and expected dividends.
There is also another factor that may come in to play, what tax allowances does W2T bring to PHE with the takeover?
Wolves
Piltick, post 10.06 that is also my current understanding.
However, I believe originally they were looking for opportunities relating to the chemical industries that produced significant amounts off hydrogen as what was then often regarded as a waste product.
For those new to the board or this area of discussion I have attached the following link.
https://en.wikipedia.org/wiki/Hydrogen_economy
It was always my understanding that AFC was looking at providing a monetary stream for the hydrogen that had little or no real value. I think the problem was the purity of the gas being expelled and then to be used by AFC plant to generate electricity.
AFC didn't only have a single usable output, namely electricity, it plant also produces water, a sellable commodity in its own right especially in some of the drier areas of the world.
Wolves
Stokey12 Back in 2017 I had a chat with a shareholder who had a decent size holding in PHE, 25p was a serious proposition to them. The difference between that investor and me is that 25p a share doesn't really interest me. Whilst I can never say never, I have always been here for the dividends and the potential.
Wolves
My prediction is as follows:
1. IMO only, an Inflated price takeover of W2T
2. Then a PHE share placing
3. First operational plant
4. Lots of new contracts signed
5. Stake build by one or more Oil, or Waste Management Company but could even be in another more diverse field.
6. Attempted takeover of PHE - Narrow fail
BOOM.
Wolves
But this is PHE.
Z-Cars, £100 market Cap, we are in for an incredibly bad year then. Is that how much the tech is really worth? I was expecting a few 000000's on that.
Wolves
The columns should have read:
Name
Shares 31/10/2018
Shares 26/06/2019
Share change
Percentage total of W2T Shareholding
Directors of W2T and dates
I hope that help.
Wolves
Absolutely no animosity on my side. I like to make my decisions based on facts and the risks I place against that information. Those risks recognise various time frame periods and the WHAT IF?
Wolves
Sorry, formatting when posted did not work well but you should be able to work it all out.
Wolves
Manabouttown, firstly I did not accuse you of anything.
I was hoping for a very measured informative response to my questions as you appear to know so much more than I do. I am willing to read, learn and make my own judgements on your comments. I'm sure that the majority of readers on this board would find my questions reasonable.
A breakdown of the past and present directors of W2T and their share ownership as per CS01 are:
Name Shares Shares Share Percentage of Directors of W2T and dates
31/10/ 26/06/ Change total W2T
2018 2019 shareholding
Hall John Michael 54000 54000 0 4.746872997 Active Director appt 9/11/2009
Heagren Paul 1500 1500 0 0.131857583 Previous Director 7/11/2012-3/5/2017
Jones Peter Terry 47500 47500 0 4.175490137 Active Director appt 6/9/2017, had also been a Director b between 4/12/2008-21/12/2015
Medlicott Steve 9000 9000 0 0.7911455 Previous Director 11/9/2013-28/1/2015
Riley Keith 2000 2000 0 0.175810111 Active Director appt 31/8/2011
Ryan David John 11560 11560 0 1.016182442 Previous Director 10/9/2016-1/2/2019
Thummukgool Piangkwan 82024 82024 0 7.210324273 Active Director 23/5/2013
White Adam 262986 229115 -33871 20.14036679 Previous Director appt 26/9/2008-18/1/2010
White Howard 45000 46222 1222 4.063147476 Active Director 27/4/2015 but had also been a Director b between 27/1/2012-22/12/2015
White Josh 172986 172986 0 15.20634393 Active Director 25/10/2017
There are two additional holdings that are potentially of interest to at least me:
White - Reyes Serena Eden 172986 172986 0 15.20634393
Yady Worldwide S.A 172987 172987 0 15.20643184
I will let you all add up the percentage of shares in W2T that may have some sort of connection.
You can draw your own conclusions, this information is available on the SC01's at Companies House.
If there are any errors it is a typo and not intentional.
Wolves
Stokey12, thank-you. I am about to send Dr Davies an email which I had previously sent to PHE last week. I did receive a reply to the person I sent it to but have been a bit slow following it up.
Wolves
Jabberba
It is Cameron Davies who I understand has been dealing with this takeover. I don't have his email address. Can anyone post it on the board so that everyone on here has the ability to raise any concerns they have. I would also suggest a cc to David Ryan.
Wolves