Rurelec Share Discussion Threads

[meijiman] 23/7/2015 12:31

Yes that's the fallback. But NAVs can change quickly -up and down!

[giant steps] 23/7/2015 12:09

The situation has become messy given the failure to deliver to
timetable, but one should not dismiss the locked up asset value

[meijiman] 23/7/2015 11:03

so what is your view of the way to play this. Sell ,hold or buy?

[resourceful] 23/7/2015 10:41

are u all nuts
the company cant pay its way
cash not assets is king

[meijiman] 23/7/2015 10:10

Yes I would support that view.Think most holders here have given up on hoping for capital appreciation -now more hoping it doesn't go bust!

[giant steps] 23/7/2015 10:05

I would like to see Sterling try a 5p offer to get over 75% and then go private

5p vs market 1.75p may detach enough hands

[meijiman] 23/7/2015 09:59

I thought Sterling bought their shares much higher up. In which case they will be most unhappy at what has occurred here.

[giant steps] 23/7/2015 09:45

#note4gs


RUR market valuation looks significantly oversold at £9.82m (1.75p)

Pre arbitration news Jan 2014 £72.98m (13p)

Summary : market has erased £63m = $98m in last 1.5yrs

[giant steps] 22/7/2015 20:38

Thanks kinbasket, most useful research - appreciated

#note4gs
John Kevin Farrell

[kinbasket] 22/7/2015 17:34

Sterling Trusts primary shareholder (73.47%) of the ordinary (non deferred) is Sterling Credit Group holdings ltd.



Sterling credit group holdings ltd is owned 100% by Sterling Credit Group ltd.



Sterling Credit group Ltd is 74.9% owned by Anstake Ltd. 25.10% by someone called G lynch. This is new I think.



Anstake Ltd is owned 100% by Anstake Holdings ltd



Which is 100% owned by John K Farrell.

John Kevin Farrell owns Rurelec. I suspect He, Clive Emson, Elizabeth Shaw and Peter Earl are as thick as thieves as their names are all over the directorships of all the companies related to Rurelec.

[giant steps] 22/7/2015 14:48

#note4gs

Sterling Trust Limited

[gerhart] 22/7/2015 13:16

No worries Jeddi.

Isn't it a curious thing, that a company that reported stable/solid, if dull results, so recently and yet ends up in a mire like this.

What do we know about YF Finance Limited, they are the other big shareholder. They would have to be satisfied with any offer that would come from where ever Giant.

Still mystified why some of the managers/directors haven't been adding a lot, given they "know" that value is so much higher....and previously paid so much higher.

[giant steps] 22/7/2015 12:57

I think if Sterling offered 5p per share the 1.75p entrants will jump for joy

[jeddicat] 22/7/2015 10:57

Gerhart -

Many thanks for your post on 20th! I do not know what happened, I just wanted to make sure that my connection problem was just that, and nothing connected to that days RNS.

I think they did not pass the accounts because they were no longer accurate, after the 'big sort out' with P. Earl & Co, and the current/change in assets & of course 'expenses/salaries' etc. Don't think they will act until they get them back, do you?

But I think they need to do something with mm's and the sp? Did you notice that nearly ALL of yesterday''s deals were 'Buys', bar one I think? I do not think the mm's ambitions match OUR ambitions!

I would like to get on with dropping my 'average'by buying more, but we need a bit more information, and help from our co-shareholders who are now running the show?
Mind you, there is a smell of 'conflicting interests' here? Maybe the new Directors could advise us, oh! But one comes from Radix, and the other from 'Sterling'? And the Ex-CEO of Rurelec is in discussions with Rurelec BoD's about final settlement of a debt to IPSA, which was arranged by himself, prior to his current position of Acting CEO of IPSA.


How does life get so complicated?

Regards

[jeddicat] 22/7/2015 10:57

Gerhart -

Many thanks for your post on 20th! I do not know what happened, I just wanted to make sure that my connection problem was just that, and nothing connected to that days RNS.

I think they did not pass the accounts because they were no longer accurate, after the 'big sort out' with P. Earl & Co, and the current/change in assets & of course 'expenses/salaries' etc. Don't think they will act until they get them back, do you?

But I think they need to do something with mm's and the sp? Did you notice that nearly ALL of yesterday''s deals were 'Buys', bar one I think? I do not think the mm's ambitions match OUR ambitions!

I would like to get on with dropping my 'average'by buying more, but we need a bit more information, and help from our co-shareholders who are now running the show?
Mind you, there is a smell of 'conflicting interests' here? Maybe the new Directors could advise us, oh! But one comes from Radix, and the other from 'Sterling'? And the Ex-CEO of Rurelec is in discussions with Rurelec BoD's about final settlement of a debt to IPSA, which was arranged by himself, prior to his current position of Acting CEO of IPSA.


How does life get so complicated?

Regards

[kinbasket] 22/7/2015 10:37

Once again...

Sterling is not a "They"

Sterling is a he. John K Farrell is the sole beneficial owner of Sterling via a series of holding companies.

[gerhart] 22/7/2015 09:44

On reflection, in managerial terms and impact on the Co SP, I think Sterling's approach hear didn't amount to much more than an angry bull in a china shop. Yet they have been "in the know" in detail for a very long time.

I naively thought they would have good senior people to replace those they beheaded and have a plan they would annouce.

And I'm not sure how this all works legally...how do they get rid of directors and simply decide to put their own in?

And why hasn't someone explaned the apparent discrepancy in funds apparently received and those paid out, if I am understanding recent statements from here and IPSA.

[vyke82] 20/7/2015 10:43

Price is up however. So market likes the news?

[gerhart] 20/7/2015 09:13

Might just be you Jeddi, mine are OK.

[jeddicat] 20/7/2015 09:07

Have we been taken off line?

All my LSE RUR pages have come up with that WHOOPS site?

[gerhart] 20/7/2015 08:54

There is no doubt now that Sterling have basically taken control....let's hope they behave well and in the best interests of us all.

[giant steps] 20/7/2015 08:53

It's a mess

[gerhart] 20/7/2015 08:50

Such a relatively small amount. Why don't sterling just pay it and charge interest to the company, rather than needlessly frighten people with that "...no certainty of outcome" nonsense!

[vyke82] 20/7/2015 08:45

Very surprised to read they are in default of such small amount. They also didn't pay the full amount they owed IPSA. something is not coming together here. Smells fish!