Share Name Share Symbol Market Type Share ISIN Share Description
Rurelec Plc LSE:RUR London Ordinary Share GB00B01XPW41 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.875p 0.75p 1.00p 0.875p 0.875p 0.875p 30,000.00 07:53:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 0.2 -20.0 -3.6 - 8.01

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Trade Time Trade Price Trade Size Trade Value Trade Type
09:03:480.9930,000297.00O
06/12/2016 15:00:280.9949,904494.05O
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DateSubject
07/12/2016
08:20
Rurelec Daily Update: Rurelec Plc is listed in the Electricity sector of the London Stock Exchange with ticker RUR. The last closing price for Rurelec was 0.88p.
Rurelec Plc has a 4 week average price of 1.12p and a 12 week average price of 1.32p.
The 1 year high share price is 2.05p while the 1 year low share price is currently 0.68p.
There are currently 914,905,672 shares in issue and the average daily traded volume is 105,747 shares. The market capitalisation of Rurelec Plc is £8,005,424.63.
14/4/2016
12:05
giant steps: Re: Sterling Trust https://beta.companieshouse.gov.uk/company/01761400/filing-history Observe 15 Dec 2015 Statement of administrator's proposal See section 3.2, Sterling with two key investments (ignoring Strat Nat Res) Book value £34.9m, estimated amount to recover £15.85m Gives some clues that rurelec should be trading multiples higher than current share price imo (no advice intended)
10/12/2015
08:43
tradingstock247: Zak Mir's Bulletin Board Heroes: Concha, Craven House, Pinnacle Technology Group, Prospex Oil & Gas, Rurelec, Tern Featuring shares in Concha (CHA), Craven House (CRV), Pinnacle Technology Group (PINN), Prospex Oil & Gas (PXOG), Rurelec (RUR) and Tern (TERN) with share price targets set for all six stocks. - See more at: http://www.shareprophets.com/#sthash.zPBp9oKO.dpuf
14/11/2015
16:17
bisiboy: posing a question. at the time of arbitration case it appeared as no brainer to be hugely undervalued relative to assets. it appeard that bolvian government were wrong and all advice given was that compensatiion would be awarded.why on the basis of this did the share price remain so low its as if certain people new things were not as clear cut. did the directors mislead shareholders? were advisers to blame? did the lawyers act as matchmaker with the funder? were the directors mad aware of the likelyhood of a less than favourable outcome if so did they have an obligation to be lesss bullish in the rns announcements.
13/11/2015
13:12
cheshire2: I am allready sitting on a loss and have no intention of throwing good money after bad. As mortimer7 states if they cannot get the share price above 1p and keep it there then any hope the company has of new shares is dead in the water and i have e-mailed the company that !!!
19/6/2015
08:18
swooped: Mixed views to be honest, on the face of it Peter seemed like the driving force however his bullishness and continual failure to meet timescales has imo been one of the biggest driving forces in share price depression. It seems obvious that the one thing the market hates more than anything is missed deadlines, Peter Earl missed so many deadlines that I believe the market had begun to mistruct him and at best certainly not believe his continual hyperbole. Rurelec have all the assets with Arica being the biggest and could easily be a game changer here if we get a good partnership deal, I will be interested to see who takes on the role and I would not be surprised to see a buyout on the cards now, with Sterling up to their neck in it they will I expect now push for great change and do whatever they can to create a rise in the share price to recoup some of the huge investment they have placed in the company.
16/1/2015
14:28
giant steps: At 4p in Jan 2015 there has to be a reverse calculation to be made From Jan 2014 it was 13p pre-award, claim was for $146m, they won at $41m In 1 year share price has seen $76m knocked from market valuation, using 561m @ 9p = £50m = $76m Market Value £22.5m vs Total Assets £54m
16/9/2014
10:10
swooped: meijiman..lol As I have said in the past these kind of deals take time and now it seems we know why, we are maybe not just talking about the smaller, though significant deals in Peru and Chile but I take into account that we are now talking 'alliances' that is a major word to use in an RNS and surpasses partnerships, also it may be significant to note the words Latin America, does this relate to other areas we have not considered yet, maybe something in Argentina, who knows but the words "By teaming up with large, regional players in Latin America" signals to me something very significant, I suggest we look not at the share price, as on aim to move hundreds of percent is normal but look at the potential news flow from this RNS; - Chile deals - Peru deals - Latin American Alliances - No dilution - Argentina at all time high - return to dividends and the list goes on, mark my words, my positivity is not for any unfounded reason, Rurelec have a great future and as each of these deals get announced the share price will follow.
12/4/2014
11:43
swooped: Be patient this is about Rurelec, read the article it gives a great impression of where Rurelec may be going, it was taken from Money week 8th April 2014. "Hell on Earth" From James McKeigue, in Mexico Dear New World reader, Los Porteños, the citizens of Buenos Aires, are used to hot summers. But this year, things got out of hand. The weather was more than uncomfortable – it was dangerous. A friend of mine, a local, described it as "Hell on Earth". The city of 12 million people was converted into a giant cooker as temperatures hit 38 degrees Celsius. The sweltering conditions caused electricity demand to spike, because people turned up their air conditioning units. And that's when the situation got really bad. The record power demand was too much for Argentina's creaking power grid, which crashed under the pressure. With fatalities mounting and power shortages lasting several weeks, locals took to the streets to vent their anger. They blocked roads with burning tyres and banged on cooking pots in their customary protest style. I've spent a few years in Buenos Aires, and it's one of my favourite Latin American capitals, but after speaking to my friend all of a sudden the British winter didn't seem so bad... ________________________________________ Argentina's "inferno" will spread The Buenos Aires heat wave sparked a round of finger pointing between the government and private energy companies. The ruling party blames profiteering energy firms, while the energy suppliers blame the country's national grid. There have been all sorts of proposals, from expanding power imports to implementing daylight saving time. But the only feasible long-term solution is to invest more in Argentina's power generation and distribution network. And at the moment I don't see that happening. With weather now back to normal, the creaking electricity system will be able to limp on for a bit longer. And with the political class trying to stave off a possible recession while gearing up for next year's elections, no one is going to make the hard decisions needed to fix the problem. But this isn't just an Argentine issue. Power demand is booming across Latin America and the region's electricity infrastructure is struggling to cope. The World Bank expects Latin America power consumption to more than double between 2010 and 2030 and estimates that $430 billion of investment will be needed to meet demand. And as companies and governments look for foreign capital to fund the investment it should throw up opportunities for New World readers. Latin America's power problem Almost anywhere you look Latin American countries have power problems. In Colombia the guerrilla group the FARC spent most of 2013 blowing up remote, rural power infrastructure. Meanwhile, in Chile the problem isn't that stations are being blown up but that they're not being built in the first place. The country, which is Latin America's richest per capita, has a strong environmental movement whose protests have postponed several power projects. For example, the new government of Michelle Bachelet recently shelved a plan for a hydroelectric plant in Chile's glacial region, following complaints from environmental protestors. In Brazil plans for large new hydro stations have also been set back by environmental protests. The delays are a big problem for a country with a history of blackouts that occur when low rains hit output at the existing hydro plants. And over in Mexico the situation is more complex. On the face of it, the energy reforms should create huge opportunities for private power companies. But in practice it will take time for the dust to settle. I recently interviewed one of the commissioners at the Mexican energy regulator and he explained to me that there would likely be delays while new bodies created by the reforms carved out their own fiefdoms in the power industry. But as serious as some of the challenges are, Latin America can't afford to wait. In Chile power demand is being driven by the country's mining sector, which makes up more than half the country's annual exports and a fifth of its GDP. The sector's energy consumption has increased 60% over the last decade to nearly 24 terawatt hours (TWh), and is expected to nearly double again by 2020. As for Brazil, its growing population and rapidly expanding middle class is pushing up electricity consumption. It's believed that Brazil needs to add about 6,000 megawatts (MW) of new power generation capacity every year for the next decade. To give that some context, Britain's biggest power station, the coal and biomass-fired Drax station in Yorkshire, has a nameplate capacity of almost 4,000 MW. Mexico, with its rapidly expanding industrial centre, is another country where consumption is climbing fast. It's estimated that power demand will rise by around 2,000 MW per year. Here's how LatAm can avert an energy crisis It's clear that Latin America is going to build lots of power stations and transmission lines over the next few years – the question is: what type of energy will they produce? At the moment Latin America's power matrix has a unique profile. It is dominated by hydropower, which generates around 65% of the total and gives Latin America the least carbon intensive power system in the world. But in recent years hydropower's position in Latin America has started to slip as the huge mega projects that were so popular with the region's dictators proved harder to pass in the democratic era. So governments have turned to natural gas, with plants that can be built quickly and are less likely to attract environmental opposition than coal or oil. In Brazil, Mexico and Argentina demand for gas now outstrips local production and they have been forced to turn to expensive LNG (liquefied natural gas) imports. That pushes up the overall cost of power generated from gas but eventually all three should begin to tap their own considerable shale gas reserves. Another interesting growth area – albeit from a tiny start point – is renewable energy. For example research group IHS believes that Latin America will install 700 MW of solar panels this year. That's a tiny amount of power but more than double the amount for 2013. In total Latin America's solar industry is expected to grow at 25% per year for the next decade. Wind, which is much more established in Latin America, is also expected to grow sharply. A report from Navigant Consult calculates that Latin American countries will install 33.5 gigawatt (GW) worth of wind farms between now and 2022, which clocks up at a growth rate of more than 20% per year. ________________________________________ How to invest in Latin America's energy transformation We looked at this theme back in March 2013 when I noted that Spanish wind turbine maker Gamesa had heavy Latin American exposure and was well-placed to benefit from the region's power problem. Well since then it's gone up more than 300%, making a handy profit for anyone who took me up on my advice. But even though I am still bullish on Latin American renewable energy, I don't think I would buy back into Gamesa today. It's a lot more expensive than when I first tipped it. Instead, I like the look of Aim-listed Rurelec, a small independent power producer that focuses on Latin America. The firm hit the headlines in 2010, when one of its biggest assets was nationalised by Bolivian president Evo Morales. Since then any commentary on the stock has focused on if it will get compensation from the Plurinational State of Bolivia. An arbitration court in The Hague recently ruled that Rurelec should get about $50 million, though the Bolivians are taking their time to pay up. The problems have battered the share price. While it's understandable that this dispute dominates coverage of the stock, I am more interested in some of the company's other moves. Since receiving a lesson in Latin American populist politics from Morales, the firm has decided to focus on some of the region's more business-friendly countries. It is building a gas-fired plant in Chile and snapped up hydropower assets in Peru. Regular readers will remember that both countries are part of the Pacific Alliance, the exciting new Latin American trade bloc, and are committed to attracting international investors. In Chile Rurelec is building a modern 250 MW combined cycle (which basically means that it is more efficient) gas power plant. Given current objections to hydro and coal in the country, gas seems the most likely to escape the protestors' ire. Rurelec's customers will be mining companies in the north of the country, who are more than happy to pay a good price for reliable sources of power. The company has also applied for a secondary listing on the Chilean stockmarket. If successful the move could boost the share price as Chilean power companies tend to trade at a premium. Rurelec also made a move into renewables by acquiring a portfolio of small greenfield hydro projects in Peru. The plants are at different stages of development – some are being built while others are still just plans – but in total it gives Rurelec the right to develop about 300 MW worth of hydropower in the country. One advantage with these small 'run of the river' projects is that they don't require huge dams and thus avoid the protests and delays that hit larger projects. They can also be a good way of supplying electricity to remote places that are far from the grid. Finally Rurelec also has a 50% share in a 136 MW gas-powered plant in Argentina. Don't get me wrong, this stock has plenty of risks. The share price has fallen 50% in the last few months alone. But I think its strategy of targeting business-friendly countries with a power crunch is a sound one. Until next time, James McKeigue The New World
01/2/2014
16:01
swooped: As requested. For those that know me I have been here for many years and have I hoped supported the various boards with what I hope has been honest and reasoned research, well here is my immediate view. Well as we all hoped we won the fight. First my thanks go to Peter and the team, no one has lived through the stress of this process more than the management and their families, so well done they can sleep soundly now I'm sure. As for us, the shareholders, our faith should have been restored in the justice system, to what extent we shall find out over the course of the weekend. The reason for the lack of clarity as regards the amount will be due to the various costs associated with the case e.g. 1. The award figure 2. Costs of the trial 3. Loss of divided 4. Possible loss of earnings (Not sure how this is dealt with) 5. Any interest Etc. For clarity my understanding is that book value is based on an award of $75 million and is 20p. So $75 million and expect a 20p share price or even more as we must not discount the fact that we have our Santiago listing to come where power companies tend to trade at a premium to NAV so 20 - 23p will not be surprise in my book. Over $75 million and we are cash in the bank and can start funding our builds. In 2 to 3 years time we could be on main listing with an share price of 70p+ and paying dividends. All in all a great start, the amount is now key, but one thing is certain forget buying shares at 15p Monday. Peter's own Nav figure is set at 20p. However as long as we get book this is only the start of the next roadmap. In my opinion although the arbitration is of course of major importance I believe we will have a greater uplift in value later this year from the new power plants than all of the settlement cash. I draw the boards attention to one of my earlier posts - Simple calculation would be to take a market NAV valuation of £1 million per MW, therefore 364 MW = £364 Million, with current 561,387,586 shares in issue that should direct a share price to 64.8p The rule of thumb is that you value open cycle gas turbine power plants in the United States at US $1 million per MW, which is the construction cost, and GBP £1 million per MW in the UK. In Chile the market values these open cycle plants at over US $1.5 million per MW and sometimes more. To give you an idea of how efficient Rurelec are, the construction cost at Arica is sub US $500,000 and sub US $700,000 at Illapa. Together they come to 295 MW Argentina is 136 MW of combined cycle gas turbine capacity. CCGT plants are usually valued at US $1.5 million per MW. In Argentina they trade at a small discount to that figure. Hydros cost US $2 million per MW to build. Completed, they are valued at US $2.25 million to US $2.5 million per MW depending on the power purchase agreements (PPAs) in place. Rurelec just won 30 MW of hydro PPAs in Peru at the very top price awarded by the government.
08/4/2011
12:19
abudhabitrader: From a poster on iii Rurelec could be worth double today's share price Dear Reader, For Peter Earl, 2010 was the year when just about everything that could have gone wrong did go wrong. The annual report of one of his two quoted vehicles Rurelec (AIM: RUR), shows a photograph of armed Bolivian security guards. They are posing for the cameras outside Rurelec's office on the day they kicked down the glass doors (although they were unlocked) and marched the finance director out at gunpoint. President Evo Morales had decided to nationalise Rurelec's Bolivian assets, delivering a hammer blow to its shareholders, of which Peter Earl is one of the largest. The share price of Rurelec is still depressed. And yet, in spite of this summary expropriation of one of its main assets, it was able last month to sell 200 million new shares for nine pence each, an issue that left Sterling Trust owning more than 50% of the company. Sterling Trust is obviously not ready to give up on Rurelec. And when I met up with Peter Earl last week it was evident that he is far from giving up either. In fact he was positively optimistic and convinced that, in this spat with the Bolivian Government, Rurelec might have the last laugh. The shares offer an interesting gamble Rurelec is an off-shoot of the Independent Power Corporation, a specialist developer of power stations founded by Earl in 1995. It was set up to invest in power projects in South America and in 2006 acquired a 50% interest in the Bolivian power business Guaracachi. It was confident of a continuation of the long history of good relations between Bolivia and the UK. Since then it has built new plants, providing crucial power for this fast growing, gas and oil-rich nation. Despite this contribution to Bolivia's economic advancement, shortly after Rurelec had boasted of its 'excellent relations' with the government, on May Day of last year President Morales seized Rurelec's assets. This was part of a programme in which it also seized two other privately-owned power generating companies, a regional distribution company and a national electricity transmission company. Bolivia now has a powerplant it cannot run... That, though, was not the end of the story. British investment in Bolivia is protected by the UK Bolivia Treaty of 1988, and Rurelec immediately demanded compensation. Unless this is settled privately, the matter will go before UNCITRAL – the United Nations Commission on International Trade Law. Earl is confident that this body will demand that the Bolivian government pays compensation. In its claim, Rurelec has two things in its favour. The first is that having taken over Rurelec's brand new, state-of-the-art, combined cycle power station (in which the waste heat is recycled to boost power output) the Bolivians have been unable to run it. Morales called in Cuban operatives, who promptly blew up the generator. Rurelec answered a call for help, sending some of its own engineers to sort out the mess. Nothing upsets the electorate more than power black-outs and Bolivia needs more power. Rurelec has added some 20% to Bolivia's power generation capacity and is willing to do more on the right terms. With the Bolivians seemingly unable to help themselves they may see the sense of settling with Rurelec in return for the latter's continuing support. How Rurelec could double its share price Rurelec's other trump card is that the word of UNCITRAL is law. No country has ever gone against its arbitration ruling and if Bolivia tried to do so it would have its foreign assets frozen and become an international pariah. Unless the Bolivians settle with Rurelec before the end of the year the matter will go to UNCITRAL, where they may face an even higher penalty. This is because UNCITRAL may award Rurelec a settlement based upon its loss of future earnings, a figure that could exceed $100m. The alternative is to settle the claim posted by Rurelec which is based on the value of the Bolivian net assets plus a small amount for unpaid dividends. This comes to the lesser sum of $73m. What could either of these outcomes mean for Rurelec's shareholders? Aside from its involvement in Bolivia, Rurelec also owns 50% of a power station in the Argentine province of Patagonia. The recent financing involving Sterling Trust enabled Rurelec to pay off all the debt over this project, allowing it to get its hands on its $13m of annual cash flow. Deducting Rurelec's group borrowing of $3m, this plant should be worth at least $35m, or over five pence per share. Compensation of $73m for the Bolivian assets would add another 11p to this, giving a total of 16p – double today's depressed share price. I'll be keeping a close eye on this one in the months ahead.
Rurelec share price data is direct from the London Stock Exchange
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