The securing of funding to take Powerhouse Energy to profitability and to advance its overseas development is a positive outcome in our view. While the dilution is more than we had originally factored in, the greater amount raised increases the possibility of higher valuations on the back of international growth. Our UK only base valuation falls to 5.0p from 6.0p but factoring some international progress would take this to 6.9p.

09 Sep 2020
Powerhouse Energy - Funding Secured
Powerhouse Energy - Funding Secured
Powerhouse Energy Group PLC (PHE:LON) | 0.5 0 7.7% | Mkt Cap: 21.9m
- Published:
09 Sep 2020 -
Author:
Adam Forsyth -
Pages:
7 -
The securing of funding to take Powerhouse Energy to profitability and to advance its overseas development is a positive outcome in our view. While the dilution is more than we had originally factored in, the greater amount raised increases the possibility of higher valuations on the back of international growth. Our UK only base valuation falls to 5.0p from 6.0p but factoring some international progress would take this to 6.9p.