I'm assuming the SP is being dragged down by the general market and possible negativity towards diesel plants? Since announcing the three 20MW sites in mid-December, the stock has done nothing but fall!
Am I missing something? I can't see Plutus mentioned anywhere in that auction document?
This is going to be a longer ride than some of us maybe hoped, but as Paternoster have stated, the business model remains good. Firstly, the mess created by the Directors over the share allocations, then the VW scandal which has left diesel being this year's dirty word (no pun intended) and now Paternoster dumping 25M shares and deflating the price. It still looks a good bet and hopefully most of the serious hurdes are now out of the way, but those of us holding are clearly going to have to think longer term IMO.
Planning permission received for a 20MW flexible stand-by power generation site in Crumlin, South Wales.
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."
FCell That's exactly what I've done. Looks like a fairly sharp rise is in progress right now. Enjoy the ride everyone!
Well, that's the Alkane Energy ride over for me. Much more focused on PPG now which actually looks a much better business anyway.
Loldemort - many thanks for the clear explanation. Looks like I have no real choice but to sell before the deadline, then.
So going by the new extended offer, if I don't accept and the bid is wholly unconditional, then BB have informed AIM that the remaining shares will be delisted. Does that mean that I would stand to lose the lot? If so, it smacks of blackmail, surely?