Renewable Power & Light Share Discussion Threads

[rokkie] 29/11/2007 14:38

William, I don't think they are in talks to sell the whole plant out right. I think they are seeking co-investment partners using the plant as collateral. Now that the management has finally sorted itself out it can more forward.. I agree the company is undervalued at the moment and once the co-investment deals are publicised the share price will reiterate to it's former value. The share price drop mid July was overdone and I have used this to top-up. The next few weeks should show RPL's true colours...

[andrbea] 29/11/2007 13:49

another biofuels compamy listed this week
(biofuel plant project in Mozambique)

Energem Resources Inc., ('Energem' or the 'Company'), (AIM/TSX:ENM) an energy
and biofuels company primarily engaged in the African energy sector, is pleased
to announce that its common share capital has been introduced to trading on the
AIM market of the London Stock Exchange plc ('AIM') and dealings will commence
at 08.00 GMT today. The common shares are already listed, and will continue to
be so, on the Toronto Stock Exchange ('TSX').

[william47] 29/11/2007 11:41

rpl,s biodisel plants value 25-30 mill.current mkt cap 24.3 mill.get real this is so undervalued.

[william47] 29/11/2007 11:26

FROM THE EGM THEY ARE IN ADVANCED TALKS TO SELL THE BIO-DIESEL FACILITY.

[william47] 29/11/2007 11:18

more good news it just gets better.

[william47] 29/11/2007 11:15

pace and volume will pick up later today or tomorrow after todays egm,when pi,s get more info.

[william47] 29/11/2007 11:07

if they source the feedstock at a good price this will double immediatley.it fell from 135-140 to current level because of a deal they struck that was not honoured and the said company cannot trade at the moment because of court action.if they succumb to rpl about the price of feedstock this will fly.very hard to buy at present.no brainer.

[xrfltd] 29/11/2007 11:01

William47
what your prediction on the time scale for this share price to reach 60-80p?

[william47] 29/11/2007 10:43

buy limits dropped from 55k to 10k.

[william47] 29/11/2007 10:29

l2 building

[william47] 29/11/2007 10:22

if we get the feedstock sourced at a reasonable price.back to 50-60p

[william47] 29/11/2007 10:15

we now know why glg are increasing thier holdings.great news

[william47] 29/11/2007 10:13

what you dont think its very good news.i would imagine buying will start after the egm.as the news of feedstock source is made clearer and the investment in other power plants.at an all time low.recovery begins.

[knowing] 29/11/2007 10:09

William give the ramping a rest please.

[pre] 29/11/2007 10:00

o/t...don't miss out on NSO...rns out today 0.83p to buy

[william47] 29/11/2007 09:56

l2 turning 1v1

[william47] 29/11/2007 09:52

nice pr-egm news onwards and upwards,things starting to move forward.blue day ahead.

[asparks] 28/11/2007 14:19

what's the likely outcome? and what affect do you think it will have on SP?

[bad_boy2] 28/11/2007 14:08

egm tomorrow!!!

[asparks] 20/11/2007 08:46

nicew to se the big boys increasing their stake

[maestro4] 09/11/2007 11:00

so who will be interested in these power plants, running on natural gas is ineffective. The infighting is not helping. Maybe they should sell up and return money to shareholders...

[robin_of_loxley] 05/11/2007 21:59

I know it can be easily found, but as it hasnt been posted yet, and for reference:

Renewable Power Posting of Circular




RNS Number:0736H
Renewable Power and Light Plc
05 November 2007

Renewable Power & Light plc

("RPL" or "the Company")



Posting of Circular to Shareholders





RPL announces that it will, today, post a circular to shareholders which
provides background and details on the new management arrangements and strategy
which the Board of Directors propose for the Company (the 'Circular').



The Circular includes a notice convening an Extraordinary General Meeting to be
held on 29 November 2007 at 10:00am at the offices of Fox Williams LLP, 10
Dominion Street, London EC2M 2EE (the 'EGM').



Subsequent to announcements made on 10 and 18 October 2007, this EGM has been
requisitioned by Mr. Lewis, former director and Chief Executive Officer of the
Company, who was dismissed for cause on 21 September 2007 by reason of his gross
negligence and gross and wilful misconduct in the discharge of his duties to the
Company. The Company commenced legal proceedings against Mr. Lewis, Mr Colvin
and Renewable Power & Light Services Inc. ('RPL Services') in mid October 2007
in the High Court of Justice of England & Wales (the 'Litigation Proceedings').




The Company received a further written notification from Mr Lewis dated 29
October 2007 requisitioning yet another EGM which requests that the Company,
amongst other things, propose a number of resolutions so as to provide
shareholders with various options to resolve to discontinue the Litigation
Proceedings and to appoint a shareholder committee to assess the merits of such
Litigation Proceedings. The Company will convene this additional EGM in due
course. The board of RPL plc sympathises with shareholders' concerns with
respect to the amount of management time being expended in order to obtain the
Company's documents and property from Mr Lewis and to deal with numerous EGMs
requisitioned by him.



Since the end of September 2007, the Board has undertaken an in-depth review of
the Company's business plan to formulate a strategy to maximise shareholder
value. The outcome of this review is a clear strategy that reduces operating
risk and leverages the Company's strong cash position and allows it to further
investigate opportunities in renewable energy.



The main elements of the new strategy are to: a) cease expenditure on
construction of the biodiesel manufacturing facility; b) investigate
opportunities for selling down and joint venturing in the operations at the
Massena and Elmwood Park power plants; and c) to further develop investment
opportunities in renewable energy. In addition, the Company will continue its
efforts to identify new economic sources of feedstock for its power plants.



The Directors firmly believe that when implemented this strategy will maximise
shareholder value. The Board is unanimously recommending that shareholders vote
against the resolutions proposed by Mr. Lewis (the 'Proposed Resolutions'),
with a view to supporting the new management arrangements and strategy as set
out in the Circular. The Proposed Resolutions are to remove all of the current
directors of the Company and to appoint Mr. Lewis and Mr. Pinkman as the sole
directors of the Company.



The Circular is available on the Company's website at www.rplplc.com.





Enquiries:



Hudson Sandler [phone]
Jessica Rouleau/James White

Libertas Capital [phone]
Jakob Kinde/Stephen Pickup


This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCILFEDLVLEIID

[bubface] 05/11/2007 21:50

yeah i bought in sub 30p having had the break up value pointed out to me...it now doesn't look a clear cut sell the plant add to the cash and divi out the assets that i was hoping for,anyway not in for much and it looks like it's going to be an interesting to follow.

[robin_of_loxley] 05/11/2007 21:32

yep still have a small holding bought on the low for a bit of fun.

[maestro4] 05/11/2007 21:13

anyone still holding this, never have i seen a company like this..