Well I never. Managed to get out of First Group with a modest profit. I honestly never thought I'd see the day.
Market capitalisation has dropped to £9.85M. It was over £20M just a few short weeks ago.
Shares in Plutus PowerGen PLC (LON
PG) lost over a quarter of their value today after the small UK power generator warned that regulator Ofgem’s plan to cut TRIAD payments to local embedded generators could “cause significant harm to the UK's industrial sector, and in turn consumersâ€. Ofgem said yesterday that it is ‘minded’ to reduce the TRIAD benefit, currently £45 per Kilowat (kW), to just £2/kW over three years starting in 2018, which would mean big cuts in the revenues earned by small power generators.
Dropped over 30% this morning following the OFGEM statement. Just when it was all going so well. Hopefully, just a bump in the road.
Market capitalisation has just risen above £20M. Happy days.
And to think just a week or so ago we were wondering if we might just see 2p before Christmas! Now over 3p and rising. The wait has been well worthwhile. Enjoy all!!
Plutus is pleased to confirm that it operated its Plymouth site in support of the national grid for the first time on 8 November 2016. Great news and hopefully just the start. Another small rise in the SP again today.
Been on the slide this week. Hopefully some positive news to come soon, though patience is clearly going to be the key with this one.
Every time you think this share is about to take off... it falls again. Patience is definitely the key with this one.
Statement from Plutus today that in future, the company will aim to secure larger majority equity stakes in projects (between 80-100%) going forward. Yet more positive news and a small rise in the SP.