Renewable Power & Light Share Discussion Threads

[maestro4] 12/9/2007 23:20

institutions know as much as we do, credit suisse totally got screwed here and also at MXP...

i see good value here.

[maestro4] 12/9/2007 23:18

brian it was a X trade...

yep we know one institution who is selling, thats credit suisse... last week there was a 800k sell, i assume that was suisse... so that leaves 1.2m. today two parties agree a price to transfer shares at 22p. So if it is credit suisse(most likely is) then they have another 1m remaining.

Once the overhang cleared this can move in the right direction..

[dangerous brian] 12/9/2007 22:57

Maestro.

I think it's going to get a bit cheaper tomorrow, i'm sure you've seen
the after hours cross trade at 22p when the bid is at 25p, think there
is a large overhang because somebody sold a very small amount and also
had to take a discount.

[maestro4] 12/9/2007 22:52

building the biodiesel tanks and the deposit for the transport were one off payments. At year end 2007 i can see them still have circa $30m. Even if it takes another year to get the plant rollings . rpl will still have $20m at the end of 2008.

This decline on share price has been overdone, and the mkt has overreacted big time. circa $20m to sign an agreement with a plantation firm or even buy one down in malaysia is plenty. They have until the end 2008 before they need to start asking for more money.

hold on...

[jonc] 12/9/2007 20:48

I would reassess my opinion based on the/any new information.

[maestro4] 12/9/2007 19:31

JonC

what if they strike a deal with the plantation firm by the end of the year. what would you say.

with a strong balance sheet i can see rpl surviving...

[jonc] 12/9/2007 17:27

sell!

It's a woofer!!

[maestro4] 12/9/2007 17:16

neo
checked over the accs. what you mention, loss of $13m for h1.. Thats wrong.

the positives to what us holders can take is that 2006 finals its stated rpl had $43m and they further raised $20m to source alternative supply. From this money $8.3m has been given to germans to create the biodiesel tanks, and a further 600k has been given for the transport of palm oil.

So we are looking at around a loss of $5m for h1 2007. cash reserves of circa $50m will enable rpl to trade for a very long time. Hopefully a deal with one of the plantation firms will be sooner rather then later.

A further $15m will be spent in h2 to pay for the remaining debt, ie the biodiesel tanks and vendor debt. So we have a cool $30m+ for alternative supply.

The $24m was a oneoff payment. So rpl will be fine..

looking cheap. i hope mkt wakes up to rpl, still has strong institutional and director backing.

buy!

[neo123] 11/9/2007 21:16

just received email from the company. The same as what they said in the trading update.

_________________________________________________________________________

Dear Sir

Thank you for your email. As you will be aware from our stock exchange announcement of 11 June 2007, we had already started seriously investigating the use of alternative feedstock supplies prior to the breach of contract by Safari Group, which we announced on 5 July. As we made very clear on 13 July, in addition to taking legal action against Safari, we have accelerated our strategy to establish our own upstream feedstock sourcing operation in an effort to replace, as soon as possible, the volume of biodiesel feedstock oils that would have been supplied by the Safari contract. As announced, a number of opportunities have already been identified and are currently the subject of detailed analysis and review under exclusivity arrangements. We will, of course, provide a progress update on these evaluations in due course.

We continue to be confident of the merits of our business model and although the setback with Safari was extremely disappointing, we remain committed to generating attractive returns for our shareholders.

Kind regards

Carol Johnson for David M. Lewis, CEO Renewable Power & Light plc

__________________________________________________________________________

Hopefully, update on the evaluations in the interims...

[robin_of_loxley] 11/9/2007 17:14

lol boffster: hopefully kate winslet =//= shareholders in that context ;-)

[maestro4] 11/9/2007 16:39

neo

According to the house broker they expect to make a loss of $10m. Interestingly they are releasing interims on Monday. Hopefully we should get a update on all fronts. The circus court case against safari, the new senior manager and more importantly the status of a new supply.

Once mkt realise the company is not going under then there should be a reasonable recovery.

btw
I wouldnt make too much of credit suisse disposing their holdings. They got it totally wrong at mxp. :)

Some time institutions know just as much as we do.......

small top up for me again.. :-)

26p was infact a buy

[neo123] 11/9/2007 12:16

the thing that annoys me about rpl is that little news has come out after the suspension. we were promised a new senior manager, two months ago management stated they have identified some oppurtunities. we have heard zilch..

the power plants are raring to go just need the fuel. the monies there i would take the gamble before they run out of it..

looking at the acc they had $43m in dec 2006, but they raised $20m this year. that gives $63m. cash of june 07 was $50m. $13m for h1 is excessive.

they need to be trading quickly...

[maestro4] 10/9/2007 11:24

boffster

no news can be good news, we had a profit warning.. The stock has since been oversold as a result of panick selling. By year end RPL will have agreed to an alternative supply of feedstock. A company like this shouldnt be trading under NAV.

hold..

tick up today..

[keston07] 10/9/2007 10:22

lol boffster

[boffster] 10/9/2007 10:01

lol. I think I would keep hold of it. And give Kate Winslet a good seeing to while I still could

[robin_of_loxley] 10/9/2007 09:58

If you were "flying" with Kate on the prow of the Titanic, staring at the iceberg youve just hit, working for ie having a your income derived from White Star Line, would you put what remaining cash you have left into more shares in White Star Line, or keep hold of it in case you needed to buy a life boat?

;-)

[boffster] 10/9/2007 09:53

I wish I was convinced Maestro. No word from the company for weeks, its all suspiciously quiet. And no director buys. Why not?

[boffster] 09/9/2007 20:20

Hoping you're right maestro, or else I'll be considerably lighter and RPL management will have to go back to working as doormen.

"If you're not environmentally friendly, you're not coming in!"

[maestro4] 09/9/2007 19:14

rpl have mentioned growing own plantation of palm oil, we know the mkt price is circa $700 per metric tonne.

But how much does it cost for soya per metric tonne....

If loss for the year is greater than $10m as the analyst are predicting it will be in the interest for rpl to accelerate a new supply of oil. asap..

A few weeks now, not long to go all should hopefully be revealed.

[maestro4] 05/9/2007 22:26

snippet from trading update.
"In this regard, the Company is pleased to announce that a number of opportunities have already been identified and are currently the subject of detailed analysis and review under exclusivity arrangements. The opportunities are being evaluated by independent experts, Agriteam Canada Consulting Ltd, commissioned by the Company and include producing palm oil plantations. These offer the potential for both near term delivery of renewable fuels at economic prices and optimisation of feedstock production through infrastructure upgrading or similar improvements in production technology. RPL will provide a progress update on its evaluation of these opportunities in due course."

they have a third party doing the dd, if all f up they'll blame them.. :) Painful lessons have been learnt. The plants are raring to go all that is needed is the palm oil. They've been searching for a good few months what else have they been doing.

Safari court case is a waste of time, once the interims confirm the financial position, confirms the business model is still strong and they have identified an plantation form which they are in the process of negotiation this will easily double..

dyor, imho

[omellete] 05/9/2007 21:42

Robin - They have to announce if they get a deal I reckon. Delivery will come later - besides they will not be ready for that till December.

[robin_of_loxley] 05/9/2007 21:31

cheers maestro

re sorting out a plantation or other supply of feedstock, I cant see them wanting to announce anything until it is nailed down firmly with good DD this time.... so I can understand if they are taking their time.

Wouldnt be suprised if they wanted a delivery under their belt too, to prove the relationship is working before they announce.

no advice intended,

RoL
>>>>>------------------>

[neo123] 05/9/2007 20:15

almost two months and no news from the management. A senior manager to lookover the palm oil plantation should have been hired by now.

RPL management are not helping the share price .

[maestro4] 05/9/2007 18:35

omellette

cant see them screwing up buying a plantation firm or even doing a partnership with one of the big guns in malaysia. The £10m raised before suspension will save us. IMHO.... $30m(after expenditure for 2007) is plenty...

check out this