One example that doesnāt inspire confidence. TMO Renewables collapsed, leading Yeo to be sued by former stakeholders for misleading them in early 2018.
In fairness after reading news articles that does sound pretty bad to boot he also had shares in ITI Energy (a waste to energy business) that went into administration around the same time as TMO.
Shouldnāt be superstitious in business but he being on board doesnāt encourage great confidence.
Iām not sure why he needs to be on board and isnāt just enjoying his retirement? 
Doesnāt make much sense to me if Iām honest!
Powerhouse chart hasnāt moved since 2pm yesterday?
@David @George could you look into this please as still stuck on yesterday 2pm?
Seems the stock is moving after seeing the chart?
Big up PHE, think this company is going to do well. Commercial next year.
Suggest you read the other Powerhouse thread before expressing such confidence. They can go as commercial as they want but unless theyāve solved the technical and economic problems of their high cost version of gasification then the only people losing out will be investors.
Please elaborate and provide your sources
Thereās a really good thread on the other trading for free but with charges forum about this. An engineer who has worked in the field before basically details why this doesnāt work at the moment and the problems PHE will face and have yet to address.
I remember reading rotary kilns issues, gasification issues. Iāll grab the screenshot as Iām not sure if Mike posts here:
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Thanks, Iāll read it
Thatās an interesting read @Scrooge_McCodf and also @red (in a previous thread I think)
Definitely left me more concerned at the overall costs and possibly failings in PHE.
Shame as I genuinely think they stand for great things but it all boils (no pun intended 
) down to costings.
The CEO himself said itās hard to get government backingā¦seemingly thatās what they will need too.
Coupled with trying timeās leave my position feeling shaky.
Thereās no market for Hydrogen and it will never be cheaper then electricity as it requires electricity to produce.
Even analysts donāt think Hydrogen will be at fossil fuel levels for 5-10 years.
Will PHE last that long?
Thatās the million dollar question. Oh to have a crystal ball 
On paper they sound so good. Reading between the lines is much more complex. More complex than I thought.
I suppose itās a case of taking the good news with the bad news and weighing up the options best to your ability
The EU is trying to stimulate a market in hydrogen at the moment and recently released a hydrogen strategy. As referenced elsewhere the preference is hydrogen from water plus renewables than from natural gas or waste.
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How do you guys know so much. Iāve emailed PHE and asked them how they are any different from previous start ups and how can they overcome the costs. Probably wont hear anything back, being the small time peasant I am.
I emailed the CEO David Ryan (a month or so back) and he replied pretty much instantly. Genuinely seems like a nice guy. Said itās hard to be heard in government etc.
Let us know your replies (as Iām sure you will get one) Be interested to hear what they say about costingsā¦
Kept it brief but at least he has the decency to reply, seems genuine:
I suggest you read the Annual Report - within risk I address the technology Risk Management Programme and aspects being undertaken.
Rest assured Iāve been doing this for forty years as opposed to the kid traders.
The independent analyst from long staff on the site studied the work we have done since Christmas.
I wish you every success in your investments - if the risk is too great then Powerhouse might not be the best investment for you.
Genuine or not, he doesnāt answer the questions about the technological risk (the PHE report doesnāt either) let alone the economic risk.
The comment about kiddie investors is a cheap shot as he has no idea of the experience of people commenting on his company.
I guess you will need to see what findings or recommendations DNV-GL make. I doubt he really cares about people on T212.
I saw today they appointed a new board member who works for Aviva investments in the energy sector. They seem to be making the right moves.
Iām out PHE. Lost faith. Small profit but Iāll take that and move on.
Still think theyāre genuinely trying to do great things but overall I believe the costings and lack of being heard in government could be detrimental. I hope this Yorkshire company prove me wrong.
Iām sticking with them, yehaaaaa, raining lambos here I come
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