Renewable Power & Light Share Discussion Threads

[omellete] 21/9/2007 15:29

In fact the new guy looks better than both the old guys combined:


From 1990 until retirement in 2000, he was President and COO of CMS Energy, with $15 billion of assets. During that time, Mr. Fryling, was responsible for the Company's integration into oil and gas exploration, gas pipelines and LNG. During this period, operations expanded to 22 countries on 5 continents. The Company also owned and operated 15,000 Mws of power plants around the world.

Mr. Fryling joined CMS Energy in 1986 and was the lead developer in the conversion of an abandoned nuclear plant into a 1500Mw natural gas cogeneration facility that was the largest independe

[omellete] 21/9/2007 15:20

maestro - I will hold till then - but very strange to sack them before the results.

[maestro4] 21/9/2007 15:14

omellete

whats your take on the two gentlemen? interims monday!!

[omellete] 21/9/2007 15:10

That Corvin guy deserved to get sacked - he was the one who signed the agreement.

[maestro4] 21/9/2007 15:03

They could have released the departures at the interims but didn't. But my question is why it took over 2 months to sack the two gentleman, it was surely a no brainer.

[neo123] 21/9/2007 14:46

instiutions have still been topping up in the last 30 days or so..

top 10 holdings 13th august

Top 10 Major Shareholders Number of Ordinary Shares % of Issued Capital
MORSTAN NOMINEES LIMITED 15,120,249 15.87%
SECURITIES SERVICES NOMINEES LIMITED (2041100) 13,338,957 14.00%
LEHMAN BROTHERS INTERNATIONAL (EUROPE) 11,707,194 12.28%
THE BANK OF NEWYORK (NOMINEES) LIMITED (CFMUOF) 9,530,591 10.00%
NORTRUST NOMINEES LIMITED 6,348,513 6.66%
SECURITIES SERVICES NOMINEES LIMITED(2060038) 5,070,714 5.32%
HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED 2,355,321 2.47%
LBPB NOMINEES LIMITED 2,047,435 2.15%
CREDIT SUISSE SECURITIES EUROPE LTD 2,000,000 2.10%
THE BANK OF NEWYORK (NOMINEES) LIMITED (BPERL) 1,860,326 1.95%

top holdings 19th sept

Top 10 Major Shareholders Number of Ordinary Shares % of Issued Capital
MORSTAN NOMINEES LIMITED 16,097,407 16.89%
SECURITIES SERVICES NOMINEES LIMITED (2041100) 13,386,457 14.05%
LEHMAN BROTHERS INTERNATIONAL (EUROPE) 12,027,961 12.62%
THE BANK OF NEWYORK (NOMINEES) LIMITED (CFMUOF) 10,620,841 11.14%
NORTRUST NOMINEES LIMITED 6,193,308 6.50%
SECURITIES SERVICES NOMINEES LIMITED(2060038) 5,070,714 5.32%
HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED 2,355,321 2.47%
THE BANK OF NEW YORK (NOMINEES) LIMITED (BPERL) 2,089,076 2.19%
LBPB NOMINEES LIMITED 2,047,435 2.15%
DONALD LEE VERBICK 1,790,100 1.88%


It was coming, they were duped by safari. Now they have to move on. They have robust working capital and eventually should be enough to get out of this mess.

[dusseldorf] 21/9/2007 14:43

good news - someones head had to role

[robin_of_loxley] 21/9/2007 14:23

does that me in the meeting today and in any announcement next week we can expect a few verses of this song from the new guy? ;-)

[maestro4] 21/9/2007 14:15

took there time, didn't they...

Hopefully now we can move on from the whole safari mess....

[dangerous brian] 21/9/2007 14:15

I'd blame maestro !

[jonc] 21/9/2007 14:10

woofety woof woof.

[neo123] 21/9/2007 14:08

they have left because of the palm oil agreement with safari. we were waiting for someone to take the blame for that decision..

[keston07] 21/9/2007 14:05

RNS

CEO has been termintated.

[neo123] 21/9/2007 13:32

dusseldorf

agreed with you on that statement, they will need a quick deal before they burn all their cash away,

What do you expect from the update?

i hear rpl have a meeting in london today.

[dusseldorf] 21/9/2007 13:26

neo123 - The process of identifiying targets could be done by a 5 year old and google. Assessing their stability takes longer, but there's not really an excuse for another vague RNS

[neo123] 21/9/2007 12:59

i wouldn't expect rpl to have signed a new agreement for an alternative supply yet, but they have imho identified some targets. By december they will have something but not just yet.


Its been two and half months since we have heard anything. The trading update has depressed the share price to this level, what with now trading well below the NAV, the power plants ready to go this is a steal. Come back in a year this will be over a £1.

imho

[pezza2] 21/9/2007 12:40

RoL - I'm not saying he is legit, I know him as well as I know you and I would trust you ;-) However, if any agreement has to be rubber stamped by the govt agency before any commodity/money changes hands, surley thats a good thing.

At the end of the day, its not my job to find any source for rpl (and I was only interested), thats there job (maybe someone should let them know) so if its as easy as this guy makes out, why haven't rpl found a source yet (i guess its down to price) ?

Cambodia etc (and other less developed countries in the region) have large(ish) supplies of palm oil don't they, are there no supplies available there ? A number of countries in the region survive off their various palms but does anyone know what amounts are grown and how much is exported etc ?

I guess we just wait and see what supplies rpl have got and from where - would be funny if it was from the aztecs in malaysia though

[robin_of_loxley] 21/9/2007 12:15

pezza2, lol fees for govt rubber stamping before you can get it? doesnt sound too dissimilar to a palm oil version of nigerian 419 scam...

lol

ie Dear sir / madam, I am a nigerian General with big posts of cash / gold I cant get out of the country... will you pay me £10,000 today for £10 million Tuesday?

reminds me of Hamburger in Popeye...

I will pay you Tuesday for a hamburger today...



lol!

[neo123] 21/9/2007 11:54

good luck dan.

pezza

you should email rpl and explain the situation, explain you have a contact to get you to the malaysian authorities. Forward his email to carol johnson and she will pass it along.

[e-mail]

[pezza2] 21/9/2007 11:20

That Malay guy has e.mailed me with details, maybe I could act as broker for RPL and make myself a fortune :-)

Seems I can get some without delay but by the looks of what he's saying it would have to be rubber stamped by the authorities at an extra cost and not direct to the growers. Thats if i understand it correctly but anyway, that would quarantee they are legit I guess.

The one thing on my mind is why he's so keen, I guess because he's thinking if he pulls off the deal he will get commission. He seemed keaner than me, I was just curious.

So, I'm thinking that RPL must have found a supply source if I can, so lets see what happens next week.

[dan10] 21/9/2007 09:10

In this today- Monday could be sigificant. Their cash pile is reassuring, though depends how easy it is to get hold of palm oil at right price etc etc. If concretely on way to being sorted, could be massive share price jump though