Rurelec Share Discussion Threads

[neo26] 22/6/2023 15:20

I thought ex divi tomorrow, so if you buy today u get 0.2p divi..

[guy553] 22/6/2023 14:47

Hence the 25% drop today, effectively no dividend as that was 25% as they were @.8 yesterday

[mubz] 21/6/2023 10:58

They are and you have to take into account the ex div date is tomorrow

[guy553] 21/6/2023 10:13

Why are these not moving today?

[bean02] 12/6/2023 12:07

Finally seeing some traction!

[baner] 19/5/2023 13:16

dave4545

what is your view on the share price now, offered at 0.45p. is it time to jump into the water in your view, i am tempted? what potential share price do u see here?

[gerhart] 18/5/2023 09:54

Whatever the full detail of EDS, it is a pittance - despite all the complications over trying to recover payments. The buyer knows it. Recovery of payments probably never effectively legally chased anyway.

But peeps currently running our company have no passion or drive, beyond ensuring there is enough cash available to pay their salaries. They probably own very few shares.

We need a White Knight before D-Day....

[golden prospect] 17/5/2023 18:41

d4545, on careful inspection it appears the EdS deal is very poor for Rurelec shareholders. That is not to say there is no value in the remaining turbines but given the lack of ability to sell these, it has become a bit of a white elephant (insurance cost of storage). It is also very disappointing that the current stewardship has presided over high admin costs during the period Sterling Trust have been in administration.

Value opportunity has been eroded and now my confidence in the potential disposal of the turbines with a respectable price feels unlikely given the handling of EdS.

[dave4545] 17/5/2023 17:20

GP

You changed your tune a bit from previous post after the RNS

[golden prospect] 17/5/2023 14:52

d4545,

The deal may be up to USD 5m (cGBP4m), however "The Purchasers will pay Rurelec USD 3m (cGBP2.4m) upon Completion".

The balance $2m may never happen.

In summary, ignoring other assets to sell, the EdS deal is derisory.

The 0.2p special dividend is a very low outcome.

The market is behaving on this basis - a disappointing exit from Argentina.

[dave4545] 17/5/2023 09:31

Welcome back.

More idiots looking for instant profits selling for a whopping losses.

£3 mil market cap £4 mil disposal, special dividend of 0.2p, loads of working capital and loads more assets left

But tell that to people that cannot hold a stock more than 2 days

693k paid 0.62p sold for 0.516p, good, sooner these people get wiped out the better
for the penny share market recovers

[glavey] 17/5/2023 09:26

(⌒‿΁8;)

[dave4545] 17/5/2023 07:17

Anybody seen glavey :-))

I see the usual suspects have all vanished too.

day traders eh, killing the penny share game more and more every day

[dave4545] 16/5/2023 11:16

GP

Can you post here the remaining assets RUR will have.

[dave4545] 16/5/2023 10:10

Best one yet.

7303 paid 0.63p sold for 0.561

A £50 buy and still cannot hold it long enough to make a profit

[bean02] 16/5/2023 07:42

Added a little ...

[joeblogg2] 16/5/2023 07:41

Bought a few as have little cash these days

[mubz] 16/5/2023 07:41

Paitence and this will re rate. The market hasn't even been open for an hour and we have 12 million volume here. Give it a few hours and this will be over 1p easily

[tomboyb] 16/5/2023 07:37

Think these guys retain the wind Turbines which they will look to sell -

[gerhart] 16/5/2023 07:30

Well I have held for a long time, and bought some more.

Apart from any price rise, we'll have a small Divi in due course; and then the value of remainder of Co. (and now clear of debt issues)

So in sum total, worth a lot more than current share price