Share Name Share Symbol Market Type Share ISIN Share Description
Ipsa Group LSE:IPSA London Ordinary Share GB00B0CJ3F01 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% 1.40p 0.00p 0.00p - - - 0 06:30:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 2.5 -0.6 -0.2 - 1.51

Ipsa Share Discussion Threads

Showing 701 to 723 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
28/4/2017
07:52
wow...there's signs of life! Friday 28 April, 2017 IPSA Group PLC Offer for IPSA Group PLC RNS Number : 6173D IPSA Group PLC 28 April 2017 FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION 27 April 2017 Recommended Share Offer by Encor Power PLC ("Encor" or the "Offeror") for IPSA Group PLC ("IPSA" or the "Company") The Independent Director of IPSA Group PLC and the Board of Encor announce that they have reached an agreement on the terms of a recommended offer to be made by Encor for the entire issued ordinary share capital of IPSA (the "Offer") Summary of the Offer · Under the terms of the Offer, IPSA Shareholders will be entitled to receive 0.62 New Encor Shares for each IPSA Share. · The Offer values the entire issued share capital of the Company at approximately £2m on the basis of an implied value of £0.03 per New Encor Share. · The Offer values each IPSA Share at c.£0.019 which represents a premium of approximately 33 per cent. to the closing price of £0.014 per IPSA Share as at the close of business on 15 September 2015, being the last date on which the IPSA Shares were traded on AIM prior to its suspension and subsequent delisting. · The Independent Director of the Company, being Susan Laker, has considered the Offer and, given that Shareholders who do not accept the Offer may not see dividends or other returns of capital and may have no other effective opportunity to sell their Ordinary Shares following IPSA's delisting from AIM, is recommending Shareholders to accept the Offer. · The Independent Director, who has been so advised by Optiva Securities Limited ("Optiva") on the financial terms of the Offer, considers the terms of the Offer to be fair and reasonable. In providing its advice to the Independent Director, Optiva has taken into account the commercial assessments of the Independent Director. Optiva is providing independent financial advice to the Independent Director for the purposes of Rule 3 of the Code. · The Offer will be conditional upon, amongst other things, Encor receiving valid acceptances (which have not been withdrawn) in respect of and/or having otherwise acquired IPSA Shares which represent not less than 50.1 per cent. in nominal value of IPSA Shares to which the Offer relates and of the voting rights attached to those shares. · Irrevocable undertakings to accept the Offer have been received by Encor from both IPSA Directors in respect of, in aggregate, 2,400,000 IPSA Shares, representing approximately 2.23 per cent. of the share capital of IPSA in issue on 26 April 2017 (being the last Business Day prior to the date of this Announcement). Each of the IPSA Directors' irrevocable undertakings are binding. · In addition, Irrevocable undertakings to accept the Offer have been received by Encor from Sterling Trust Limited (in administration), WH Ireland Nominees Limited, Mr S Hargrave, Ms E Shaw and Technology Finance Limited in respect of 50,923,225 IPSA Shares in aggregate, representing approximately 47.37 per cent. of the share capital of IPSA in issue on 26 April 2017 (being the last Business Day prior to the date of this Announcement). Each of these irrevocable undertakings is binding. · Accordingly, Encor has received irrevocable undertakings to accept the Offer over, in aggregate, 53,323,225 IPSA Shares, representing approximately 49.60 per cent. of the share capital of IPSA in issue on 26 April 2017 (being the last Business Day prior to the date of this Announcement). Commenting on the Offer, Mr Edward Cowdery, Chief Executive of Encor Power, said: "We are delighted to be bringing together the long established expertise of IPSA with Encor Power's innovative approach to the delivery of grid services to the UK energy market." Commenting on the Offer, Peter Earl, CEO of IPSA, said: "We believe that this offer provides IPSA shareholders with a rapid route to liquidity and value for their shares as part of a larger power development group with an exciting portfolio of projects in the United Kingdom, a less unpredictable market than that of South Africa where IPSA has suffered many setbacks over the last ten years. The offer permits Encor shareholders to benefit from IPSA's own international power development experience so that lessons learned through past developments overseas may benefit the enlarged group in the future." The Offer will be subject to the Conditions and certain further terms of the Offer set out in Appendix I to this Announcement. Appendix II sets out the sources of information and bases of calculations used in this Announcement. Appendix III contains details of the irrevocable undertakings given to Encor. Appendix IV contains the definitions of certain terms used in this summary and in the full text of this Announcement. The above summary should be read in conjunction with, and is subject to, the full text of this announcement and the Appendices. The Offer Document will be posted as soon as practicable and in any event within 28 days from the date of this Announcement, unless otherwise agreed with the Panel, other than to certain Overseas IPSA Shareholders in a Restricted Jurisdiction in the circumstances permitted under the Code or in accordance with any dispensation given by the Panel. The full terms of and conditions to the Offer will be set out in the Offer Document and the Form of Acceptance. In deciding whether or not to accept the Offer, IPSA Shareholders should rely solely on the information contained in, and follow the procedures set out in, the Offer Document and Form of Acceptance.
arthurdaley69
24/9/2015
12:51
Suspension.... get some better accountants who will get the results out of time next time!!!
knigel
19/6/2015
07:18
19 June 2015 RURELEC PLC ("Rurelec" or "the Company") Further re: Short Term Loan Facility The Company announces that it has signed a bridging loan facility of US $12 million against the anticipated sales of the Peru hydro projects. The Company has also settled terms for a one year strategic loan from a large organisation within the South American power industry. When contracted, this will allow the Group to settle the deferred payment to IPSA Group PLC and repay other outstanding obligations. This facility is the first stage of an intended wider cooperation with the South American company, a power generation company operating in the same field as Rurelec in Central and Latin America. The Group expects to repay all loans from the proceeds of the sale of its Peruvian hydro portfolio, but with contingency plans for repayment from other sources if the sales are delayed. For further information please contact:
moreforus
13/5/2015
12:20
A placing looks likely and that's why the share price is held back. I can't think of any other reason unless going bust is an option too? Have RUR even paid them money owed? The whole thing is weird and that's why I daren't buy in.
nick rubens
07/4/2015
12:04
rns hitting home now
moreforus
07/4/2015
11:22
extension of SA government contract....nice. from the interims we know electric sales for 6 months to 30 Sept = £1.5m. From todays RNS we also know they are going ahead with expansion, adding upto 3MW ontop of 1.2MW currently. With a market cap of around £2m the company are in recovery and could do well from here.
ryan83
07/3/2015
19:57
The Group's only significant liability, with the exception of the GBP1.2m owing to the directors in respect of salaries accrued but unpaid, remains an amount owing to Ethos Energy Italia SpA (formerly Turbocare) of GBP4.2 million. The dispute with Turbocare was settled pursuant to an agreement announced on 29 October 2014, which required payment of EUR3m on or before 21 November 2014. This payment has not been made. However, further to our announcement on 29 December 2014, we expect to receive the deferred consideration due from Rurelec PLC early in 2015. The Company is managing the working capital of the Group which will remain tight until the receipt of the deferred consideration and the sale of the balance of plant.
vyke82
03/3/2015
07:57
IPSA 3.2 mill gbp = 4.4 mill euro debt is in euro asset sale is in gbp
moreforus
03/3/2015
07:38
Yes vyke82, IPSA have debts to repay 3 million euros on or before 21 November 2014 and a further sum of 2.6 million euros in cash or equivalent value by 30 September 2015. Reminder : http://www.investegate.co.uk/ipsa-group-plc--ipsa-/rns/settlement-of-dispute-with-turbocare-s-p-a-/201410291230025919V/
giant steps
02/3/2015
20:48
The money that RUR pays will be used to pay off debt. So is not to be confused for free cash flow
vyke82
02/3/2015
11:57
yep and more ... nav is over 7p... sub 2p seems a bit cheap... 5-6p seems fairer with a discount to nav...
moreforus
02/3/2015
11:55
moreforus, I totally agree (it was above 3p all last year, and should go back there): "this should at the very least be back to where it was before Bank of NY dumped their 4%"
andrbea
02/3/2015
11:49
RUR is now up 40% and still being bought IPSA out of steam and sellers at +15%
moreforus
02/3/2015
09:21
IPSA Group PLC Update re settlement of funds owed by Rurelec PLC Print Alert TIDMIPSA RNS Number : 2234G IPSA Group PLC 02 March 2015 IPSA Group PLC ("IPSA" or the "Company") Update re settlement of funds owed by Rurelec PLC IPSA notes the announcement made this morning by Rurelec PLC regarding the sale of its stake in the Canchayllo hydroelectric plant in Peru. The Company expects to receive payment from Rurelec of the GBP3.2 million deferred consideration still owed to IPSA from the sale of the Westinghouse Siemens gas turbines, shortly after Rurelec receives payment of the $6.5 million consideration for the Canchayllo hydroelectric plant. A further announcement will be made in due course. For further information contact:
moreforus
02/3/2015
09:21
IPSA Group PLC Update re settlement of funds owed by Rurelec PLC RNS Number : 2234G IPSA Group PLC 02 March 2015 IPSA Group PLC ("IPSA" or the "Company") Update re settlement of funds owed by Rurelec PLC IPSA notes the announcement made this morning by Rurelec PLC regarding the sale of its stake in the Canchayllo hydroelectric plant in Peru. The Company expects to receive payment from Rurelec of the £3.2 million deferred consideration still owed to IPSA from the sale of the Westinghouse Siemens gas turbines, shortly after Rurelec receives payment of the $6.5 million consideration for the Canchayllo hydroelectric plant. A further announcement will be made in due course.
tradingstock247
02/3/2015
08:16
simple chart....
moreforus
02/3/2015
08:15
Cottoner you get about. Seen you posting on nearly every thread on advfn
lightfield
02/3/2015
08:14
1.84p paid this should at the very least be back to where it was before Bank of NY dumped their 4%
moreforus
02/3/2015
08:12
actually with the repayment to be made and the directors delayed salaries, the money will all be eaten up.
granada7
02/3/2015
08:09
yep cottoner liability is also in euros...and the payment is in gbp.... so even better for IPSA
moreforus
02/3/2015
08:07
looks like it is receiving double its mkt cap in payments. could possibly see significant upside here.
granada7
02/3/2015
08:07
From previous results he Group's only significant liability, with the exception of the £1.2m owing to the directors in respect of salaries accrued but unpaid, remains an amount owing to Ethos Energy Italia SpA (formerly Turbocare) of £4.2 million. The dispute with Turbocare was settled pursuant to an agreement announced on 29 October 2014, which required payment of €3m on or before 21 November 2014. This payment has not been made. However, further to our announcement on 29 December 2014, we expect to receive the deferred consideration due from Rurelec PLC early in 2015. The Company is managing the working capital of the Group which will remain tight until the receipt of the deferred consideration and the sale of the balance of plant. Money received from RUR will be used to pay Ethos Energy.
cottoner
02/3/2015
08:05
457k buy at 1.75
moreforus
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