Following last week’s AGM comments on project timing we have amended our forecasts, shifting early numbers to the right in the timeline. While this impacts FY 21 and FY 22 forecasts the hit further out is minimal. As a result, the impact on valuation is not onerous with our base case valuation dropping 9% to 4.9p from 5.4p. Factoring in early European opportunities would give us a valuation of 7.0p and adding APAC opportunities and fuller European potential would get us to 11.7p.
02 Aug 2021
Powerhouse Energy - Adjusting for New Timings
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Powerhouse Energy - Adjusting for New Timings
Powerhouse Energy Group PLC (PHE:LON) | 1.1 0 (-1.4%) | Mkt Cap: 45.2m
- Published:
02 Aug 2021 -
Author:
Adam Forsyth -
Pages:
6
Following last week’s AGM comments on project timing we have amended our forecasts, shifting early numbers to the right in the timeline. While this impacts FY 21 and FY 22 forecasts the hit further out is minimal. As a result, the impact on valuation is not onerous with our base case valuation dropping 9% to 4.9p from 5.4p. Factoring in early European opportunities would give us a valuation of 7.0p and adding APAC opportunities and fuller European potential would get us to 11.7p.