Plutus Powergen - Re: PPG Stream Log - SP down nearly 17% this...

SP down nearly 17% this morning I assume due to some slightly negative stuff in the AGM notice - "The timing of the sites being operational has been pushed out by a number of months in addition, and this, coupled with the dovetailing of the timing of planning permissions, capacity market applications and commencement of building has again meant a deferment in the timescale to the profitability of PPG." "In the Admission Document, it was stated that the Company would target 200MW of flexible power generation. This target is likely to be considerably exceeded, with over 500MW of capacity currently in the Company's project pipeline, together with the potential for 200MW of partnered solar/flexible generation sites. This accelerated business plan has meant that costs will increase for the next few years as the Company takes on more staff, and has to incur considerable expenses on progressing the materially increased pipeline of sites before these sites start generating profits. These extra costs will decrease the Company's ability to make profits in the short-term and again contribute to the difficulty Paul Lazarevic and Philip Stephens will have in achieving their Earnings Per Share targets, which trigger the Deferred Consideration."