Europa are delighted to link with I3E and look forward to early September Serenity appraisal spud. Watch the full video here.
Stumbler - I agree. I thought the interview was weak.
As Chairman of W2T he would have had a very strong insight into all the goings on in PHE. He has not gained only a few weeks of insight, he has had many years and as W2T were being employed by PHE to develop leads and contacts, then he should be totally on top of his game and giving clear direction and working flat out to secure all of these contracts that are supposedly in the pipeline. Tim stop the flannel and get on with it. Results speak louder than words. Contracts, contracts & contracts, that is how you will be judged.
Piltick - my initial thought was to chuckle and think of Howard Hughes. Then DR would say no.
Then I gave it a bit more thought and started to think more long term. I doubt it would be profitable however there is a large number of 747's heading to the scrap yard. In aviation terms parts are cheap and so are the planes. Could a DMG fit in a stripped out 747, maybe. I suspect it would be a lot cheaper and wiser to fly prospective customers into Manchester airport and view the Protos DMG when operational.
Tim Yeo was Chairman of W2T. He must have had the support of the White family as major shareholders of W2T. It is not therefore surprising that this has occurred. Now, the Peel deal is probably done judging by the placement etc.
Where does that lead us as a company? International markets, some of which still value position, title and the past. Tim Yeo brings all of these things. Contacts within the Conservative party along with numerous foreign contacts both political and industrial. The big money for PHE wont be with the deal with Peel, it will be with these foreign countries, initially in the far East. Based on this I have absolutely no problem with the appointment. The jigsaw has another piece fitted and these are coming together faster and faster.
AS long as DR is at the company to ensure that any engineering issues are ironed out, the rest will follow. I will back DR 100%.
Does this provide the answer to cheaper hydrogen purification?
Now, I spent some time this afternoon going back over the info from the W2T takeover and the information PHE published regarding the recent placing. Based on that information the White family had continued to hold all their shares including the £1.3m that they received in the placing.
To me that indicates that this is on target and shows their family true commitment. I might not like the 2.5p shares but what better indication will we PI's get as to the direction of travel. I am totally independent but I do acknowledge that the White family have supported PHE and without their help PHE may have been in a very different place to where it is now.
Will a top hat and rabbits be a feature of the AGM? DR please take the floor.
Stokey12 - Thanks for the nudge, I have asked a question that I am told will be answered in full. I have a few others that I haven't asked of the BOD so I will ponder over the exact wording before sending them in.
Stumbler - your question is valid so I will include it although the more relevant question is have all the moneys been raised to start and complete the development. I suspect that all of this will be in any presentation that PHE BOD will produce on the day.
Regardless of the above, the direction of travel is already visible. The news flow may recently have hindered the share price for the moment but look further than the share price and you can see steady progress by the company behind the scenes. Through my own research I know that little bits of the jigsaw have been coming together in the background. All necessary but all time-consuming. In my experience a company starting an engineering first like PHE & Peel are doing, wouldn't announce they are starting the work until each element of the contract is contractually agreed including delivery dates with suppliers. This is not a box, this is a series of sophisticated bits of technology being joined together to produce a novel way of disposing of plastic and rubber waste.
The share price at the moment is fairly irrelevant to existing shareholders unless you wish to either buy more or sell. Whilst I didn't care for the cut price shares that the company has recently offered to select parties, ask your self why a particular heavily invested family and Peel wished to purchase and provide PHE with the necessary funding. I can't imagine it was for any reason other than they all believe this will be a winner and IMO they will know what is going on and when.
Stumbler we met at one of PHE's AGM's and I do share some of your frustrations. KA promised but really IMO did not deliver, DR is different, IMO he does things by the book and I believe he will deliver. At the AGM I am looking forward to a start date, forecast completion date with testing timetable and fully operational date.
When someone considers that dividends are just dreams, I disagree. PHE and its offering is a project and expenditure whether capital or revenue in nature along with income in regards of capital gains or dividend distributions are all relevant to the project. Good controls evaluate a project and its outcomes continuously with risk assessments and outcomes an integral aspect of the project. It is therefore right that PHE develops a strategy for reinvesting income or providing dividends. If the project goes belly up then everything will be re-appraised. If you have invested in PHE you will have assessed your own personal level of risk relating to the potential reward. My personal view and the reason I have invested significant amounts of money into PHE is that it will be successful, I therefore recognises dividends in my long term finance modelling. Others are free to take a different approach.
For those that like to dig a bit deeper.
Universities around the world are doing a lot of research into Hydrogen and its applications. Often student papers offer enlightenment as to some of the background work being carried out in collaboration with companies. For those willing to put the time in, an early source of information and direction of travel and of course not that hard to obtain.
Stokey12 - I agree, DR did mention the possibility of other income streams and with my own research I believe I can guess at some of these although I will keep the most lucrative to myself. Most probably relate to the existing offering but altering the basic concept and adapting it to be used for differing feedstocks. This may provide a far greater spectrum of feed stocks than most may imagine. There are also possibilities surrounding the current provision of electricity in high demand situations. The most exciting area for me is the use of feedstocks or blending feedstocks to return valuable ore or chemical compositions via the talc like residue. These may or may-not be possible but they are all rather close in nature to delivery by the existing concept. Innovative companies will look to add products that are complimentary but different so they are not dependant on a single technology. How did Kodak fair with the age of digital camera's?
Telephoneman - We share a similar outlook, I agree with the dividends etc. I also believe that it may be in the shareholders interests for a limited share buy back scheme, especially in the earl days while the markets wake up to what they have been missing.
PHE is still an acorn but the shoots have been growing under the surface and IMHO are just about to break into the sunlight.
I am a long term supporter of PHE and have watched my holding dwindle from about 2.7%, now down to just under 1% due to placements, takeovers etc. When you ensure that PHE is aware that you have additional finance available to help the company, have signed up with Turner Pope, would have happily provided this finance to the company at more favourable terms than at 2.5p, I begin to ask who the company is being run for?
Yesterday, I reinvested the moneys I had put aside back into the markets buying PHE between c.3.00 and 3.095. I have full confidence in DR as an engineer and to deliver a working unit with Peel.
I have considerable respect for Telephoneman's projections as they mirror my own. In fact I believe they understate the companies long term true worth and expansion but there are many caveats to that statement.
IMO PHE has a model that has considerable reward for little capital and operational investment, the challenge after building and operating its first plant will be to develop a dynamic team not just to sell its current product around the world but to be sufficiently energised to develop complimentary products and plants serving different purposes.
I have always supported DR and will continue to do so, the rest of the board however still need to prove themselves to me. The proof will be in the deals they manage to negotiate around the world and the speed of those deals. It will also be in how the engineering & R&D sides are beefed up to develop new opportunities.
This is a potential Star but it could be a galaxy if the BOD have the drive and vision.
Sorry for the delay in replying.
Thank-you for your suggestions.
On a separate issue keep an eye on what is happening with PRIM, you may not be invested but at least it is good to see the Afriag connection maybe starting to see the gravy begin to drain away.
I hope all is well with you and I can see you are continue to tick the board over nicely and in the right direction.
Personally I've been off board for a while but that doesn't mean I've lost interest, far from it.
I would appreciate a bit of help with some research I would like to undertake on all transactions in PHE regardless of exchange since the 7th July 2020. Please can you point me in the direction of where I can obtain each days data regarding individual buys and sells from the date above until today.
If you already have that data stored and you are willing to share it with me then I will arrange for a private email address so that I can capture it in full.
If kenny is unable to help then I would appreciate any other suggestions from the board members.
I will probably buy a few with an estimated three to four year time horizon.
The quarterly from DC was not unexpected. The stars appear to outweigh the dogs in the portfolio. The anticipated Truspine IPO c. 36p? could possibly be set as an attractive buy in price for chosen investors to fund the operating cash requirements. Will this be a true reflection of a floating market valuation based on the published forecasts, timescales and market forces? The 20/08/2020 may be an interesting day.
I'm not disappointed by the current news flow, I found it encouraging but everyone must DYOR and join the dots in the way they see fit..
The UN estimates that i 2018 55% of the worlds population lived in urban areas. This is expected to increase to 68% by 2050. That represents a very significant market where PHE and its DMG technology could provide a significant contribution in a cost effective manner.
PHE needs to ensure that its ground breaking DMG process (once proven commercially) is rolled out as fast as possible so it becomes the turn to technology of the waste and commercial transport hydrogen world.
Looking forward to the next bit of news.
I have held QFI for many years.
I agree that MSAR has the potential to increase margins significantly whilst increasing the viscosity and hence ease of transportation. It is a no brainer for me. I hope Tomco will reap the rewards. The problem with QFI is getting its first commercial venture over the line. This project may well prove to be the catalyst for the recognition within the industry that MSAR has a significant part to play in the future of several global industries/activities on a worldwide basis.
Of course DYOR.
If your 66,667 shares can be validated by Truspine BOD are you still offering them for sale at £20,000? It appeared to be an open offer on your part to those reading your posts on this board without any timing issue limitations.
My guess, and it is only a guess on my part, is that the hold up may have been due to the length of time to obtain the patents before going to market.
If the forecast profits and sales have been conservatively assessed in the paper accessible on the internet, then the market value of Truspine should reflect the forecast losses in Y1 but significant profits thereafter. I would refer to a previous post of mine and do the maths. Factor in your own reasonableness of the Truspine forecasts and risks and you get to a proper valuation. That valuation will be personal to you. I know why I am invested in PRIM, the question is, do you know why you are invested in PRIM?
DYOR, don't rely on others.