Renewable Power & Light Share Discussion Threads

[asparks] 09/11/2009 09:35

sounds about right to me. Tempted to buy more. But the lack of other buying makes me cautious

[crt131] 09/11/2009 08:53

I thought the $15.1 million cash at 30th September (9p) does NOT include any funds from powerstation sales (8p)

Am I right in assuming that after the 8p is given back to us we will still have approx 9p cash PLUS the sales of last bits and pieces to look forward to.

Correct me if I am wrong

CRT

[madmonkflin] 05/11/2009 13:07

tried emailing them to see if they would hedge the $s in case it weakens but their email doens't work.

[asparks] 05/11/2009 12:41

yes but net cash and MCAP are different things. Some companies have almost zero cash but a decent MCAP

[catandcrow] 05/11/2009 12:16

It is confusing but they say : "As at 30 September 2009, the net cash position of the Company was US$15.1 million equivalent to approximately 9 pence per Ordinary Share(2)). On a pro forma basis, the net cash position of RPL would be US$3.5 million (equivalent to approximately 2 pence per Ordinary Share(2)) following the proposed Second Return."

Otherwise I would buy more...

[asparks] 05/11/2009 09:43

I agree - Cat your calculation of 2p assumes that the MCAP is exactly = to the ammount of cash they have. Not so.

[mryesyes] 04/11/2009 20:05

Nonetheless hard not to make further purchases at 10p IMHO
They already paid 10p back when the shhares were under 20p

[catandcrow] 04/11/2009 12:33

Yes - along as you are on the register at 8 December 2009 you get the 8p... however my estimates above seem a bit tight. The remaining shares will only be worth 2p + the proceeds of the auction.

[asparks] 04/11/2009 09:13

excellent another 8p!. If I buy more now will those shares qualify - or was there a cutoff date?

[catandcrow] 03/11/2009 10:07

It would be nice if they posted the circular on the website.

[catandcrow] 26/10/2009 10:43

Asparks - read the rns of 30th July. they quote 7p in cash and $8.5m in consideration for plants - circa 5.8p

[asparks] 26/10/2009 09:17

basis for your estimate pls?

[catandcrow] 26/10/2009 09:08

Yes legal action is completed. I estimate cash to be 13p with a potential for more given the bioplant action.

[asparks] 26/10/2009 08:53

from the interims:

The Company had total assets of US$25.4 million at 30 June 2009 (as of 31
December 2008: US$42.1 million) which reflects both the impairment write downs
on the power station and biodiesel equipment assets and the cash reduction as a
result of the capital distribution. The Company has no short-term or long-term
debt as of 30 June 2009 or 31 December 2008.

....

so with those assets surely market cap should be more?

[asparks] 26/10/2009 08:50

their website gives no indication that they plan to close after this disposal:

o grow Renewable Power & Light plc through strategic acquisitions and greenfield development into a leading international independent power producer, based on renewable and green technologies

Renewable Power & Light (RPL) plc was created in 2006 to build a substantial independent power producer (IPP) through the acquisition of low-cost conventional power generation assets that can be easily converted to use renewable fuels. To do this, RPL has put together a world-class management team consisting of skilled power generation engineers and senior power utility executives with a proven track record of rehabilitating economically distressed power assets and managing portfolios of power assets.

When running its power plants on biodiesel and aggregating available renewable energy credits and incentives, RPL plc believes it has identified an opportunity to turn power assets that have become unprofitable due to the high price of gas and petroleum diesel, into assets that produce profits for shareholders.

In the first instance, RPL plc will acquire conventional dual-fuel power plants in the United States within a power output range of 50MW and 150MW.These power plants will be run on renewable fuels.

[asparks] 26/10/2009 08:49

but what about starting out on a new direction, seeking funding, using their "expertise" to build a new business.

Also, I dont think the legal action has finished yet has it?

[crt131] 26/10/2009 08:47

I assume so as there will be nothing left to pay themselves with.

[asparks] 26/10/2009 08:43

what do RPL plan to do after the sale of plants and the distribution? Just shut up shop?

[asparks] 26/10/2009 08:41

that's what I thought - and if so, it is worth buying more!

[crt131] 26/10/2009 08:37

Surely the cash on hand is going to far exceed the market cap?

Anyone got figures or even guesstimates?

[asparks] 26/10/2009 08:27

...risky - but is it worth buying more of these now?

[asparks] 26/10/2009 08:26

Christmas pressie time:

TIDMRPL

RNS Number : 3383B
Renewable Power and Light Plc
26 October 2009

RENEWABLE POWER & LIGHT PLC




DISPOSAL OF MASSENA POWER PLANT




26 October 2009


Renewable Power & Light plc (AIM: RPL) ("RPL" or "the Company"), today announces
that, in conjunction with the previously announced signing of an agreement for
the sale of the Elmwood Park and Massena power plants on 30 July 2009, it has
now closed on the sale of the Massena power plant. The closing on the sale of
the Elmwood Park power plant was previously announced on 16 September 2009.This
now represents the disposal of the Company's power plants.


Further to the Company's investing policy approved by shareholders on 19 August
2009, now that the sale of both of the Company's power plants have completed,
the Company intends to make a distribution of capital to shareholders prior to
the end of 2009. The exact quantum and timing of the distribution is still to be
determined by the board. The distribution will be subject to shareholder
approval, including for the purposed of any compliance with Rule 21.1 of the
Takeover Code. A circular will be sent to shareholders in due course to seek the
requisite approvals.


For further information, please contact:


Renewable Power & Light plc Tim Hunstad Telephone: [phone]


Grant Thornton Corporate FinanceGerald BeaneyTelephone: [phone]
(Nominated Adviser)

[catandcrow] 16/10/2009 10:23

RPL Holdings to Sell $15.2 Million of Biodiesel Process Equipment at Auction
216 words
5 October 2009
Manufacturing Close-Up
MFGCLU
English
(c) 2009. Close-Up Media, Inc. All rights reserved.
Maas Companies of Rochester, MN will auction $15.2 million of new, unused 60 MGY biodiesel process equipment Thursday, Nov. 12, at 11 a.m. at the Hampton Inn in Harrison Village, New Jersey.

Currently in Harrison, New Jersey, the equipment was originally designed and built by Greenline Industries and was to be installed in a 60 MGY biodiesel facility in New Jersey. A change in business strategy lead to the auction.

The equipment is currently crated and warehoused in New Jersey and is ready for transport. The equipment will be sold in 10-MGY individual lines or as an entirety, whichever brings the highest dollar. The equipment may be purchased prior to auction, please contact the auction company for complete details. Buyers may participate on-site or live via the Internet.

Potential buyers are encouraged to attend the open houses:

Thursday, Oct. 15, 10 a.m. - 5 p.m.

Wednesday, Nov. 11, 10 a.m. - 5 p.m.

Other times by appointment, the company noted.

Maas Companies Inc. is an international marketing company with considerable experience in successfully marketing industrial plants, equipment, and real estate, hospitality and commercial properties worldwide.

[ball deap] 27/9/2009 22:10

My highlights from the agm may explain the small rise;

The Company had total assets of US$25.4 million at 30 June 2009 (as of 31
December 2008: US$42.1 million) which reflects both the impairment write downs
on the power station and biodiesel equipment assets and the cash reduction as a
result of the capital distribution. The Company has no short-term or long-term
debt as of 30 June 2009 or 31 December 2008.

[ball deap] 25/9/2009 11:59

i am ball deep enough in to these so prob not!!