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RUR Rurelec Plc

0.425
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rurelec Plc LSE:RUR London Ordinary Share GB00B01XPW41 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.425 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 0 -2.24M -0.0040 -1.05 2.36M
Rurelec Plc is listed in the Electric Services sector of the London Stock Exchange with ticker RUR. The last closing price for Rurelec was 0.43p. Over the last year, Rurelec shares have traded in a share price range of 0.225p to 0.80p.

Rurelec currently has 561,000,000 shares in issue. The market capitalisation of Rurelec is £2.36 million. Rurelec has a price to earnings ratio (PE ratio) of -1.05.

Rurelec Share Discussion Threads

Showing 2801 to 2823 of 3650 messages
Chat Pages: Latest  122  121  120  119  118  117  116  115  114  113  112  111  Older
DateSubjectAuthorDiscuss
02/12/2014
17:02
JAF1948 - I agree with you - there is no reason to vote it down. Any rns issued will be placed on the board by someone.

Obviously non-holders trying to stir it.

cheshire2
02/12/2014
15:44
Amazing - someone has voted me down for posting an RNS. Care to tell me why ?

Edit: 2 people now.

Further edit: If people want to vote down my posts when I comment on a share, that is their prerogative and I accept that different people will always have different views. However, to vote down an RNS which has NO comment added and then to hide behind the anonymity of the posting is not a redeeming character trait.

jaf1948
02/12/2014
15:38
Rurelec PLC Canchayllo Run-of-River Hydro Project

TIDMRUR

RNS Number : 6442Y

Rurelec PLC

02 December 2014

Rurelec PLC

("Rurelec" or "the Company")

Canchayllo Run-of-River Hydro Project Connects to Grid

Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, announces that yesterday its first run-of-river hydro power plant in Peru was successfully connected to the grid. This important step permits the plant to commence commissioning with live tests leading to commercial operations later in the month.

Commenting on the results, Peter Earl, Rurelec's Chief Executive, said:

"This is a great milestone for our business in Peru and congratulations must go to the team there who made it happen high in the Andes. This is the first of a number of small - and large - run-of-river hydro projects which we are developing and constructing in Peru. We look forward to more news like this in the future."

jaf1948
28/11/2014
00:21
Arica: Thermoelectric in Cerro Chuño would be the most difficult project to Rurelec

This is called Alejandro Arias, legal adviser for Latin America Rurelec SA, member of the business delegation that visited the country was reunited with authorities, but not with citizen groups who publicly expressed their opposition to the project.
Image of Leyla Noriega Zegarra
By Leyla Noriega Z ...
851 Views
November 24, 2014 10:11
comment

Countdown is the British company Rurelec SA to begin work Parinacota thermoelectric project, located in the Cerro Chuño sector is that the January 26, 2015 Resolution of Environmental Qualification expires, approved the 2009- allowing them running private initiative.

"There are possibilities that will change and give us a little more time to socialize better, but that means not going to stand for a few people," said José Antonio Lanza, project and development for Latin America of the company British referring to opposition from citizens sectors installing thermoelectric who disagreed in funas to integrated business delegation Tom Bouwens, business development manager, Alejandro Arias, legal adviser for Latin America and the launch own capital.

Its well, the agenda of the international firm representatives met almost entirely -where include appointments with Máximo Pacheco, Minister of Energy in Santiago and Emilio Rodríguez, regionally mayor, dialogue with opposition groups to the project did not materialize as the company believed it was indenmizada by the Plurinational State of Bolivia after the Permanent Court of Arbitration at The Hague acogiera demand for the expropriation of foreign shares in the Guaracachi utility.

Arica: Thermoelectric in Cerro Chuño would be the most difficult project to Rurelec

This is called Alejandro Arias, legal adviser for Latin America Rurelec SA, member of the business delegation that visited the country was reunited with authorities, but not with citizen groups who publicly expressed their opposition to the project.
Image of Leyla Noriega Zegarra
By Leyla Noriega Z ...
851 Views
November 24, 2014 10:11
comment

Countdown is the British company Rurelec SA to begin work Parinacota thermoelectric project, located in the Cerro Chuño sector is that the January 26, 2015 Resolution of Environmental Qualification expires, approved the 2009- allowing them running private initiative.

"There are possibilities that will change and give us a little more time to socialize better, but that means not going to stand for a few people," said José Antonio Lanza, project and development for Latin America of the company British referring to opposition from citizens sectors installing thermoelectric who disagreed in funas to integrated business delegation Tom Bouwens, business development manager, Alejandro Arias, legal adviser for Latin America and the launch own capital.

Its well, the agenda of the international firm representatives met almost entirely -where include appointments with Máximo Pacheco, Minister of Energy in Santiago and Emilio Rodríguez, regionally mayor, dialogue with opposition groups to the project did not materialize as the company believed it was indenmizada by the Plurinational State of Bolivia after the Permanent Court of Arbitration at The Hague acogiera demand for the expropriation of foreign shares in the Guaracachi utility.

RCA approved the prosecution

From 2009 to date, the project has not materialized by the questions that was made to the EIS and subsequent modification.

"The original project complies with all environmental regulations, we wanted to make an improvement and we were told that improvement had to order it through a relevant, but not by a statement or environmental impact study and the relevance it had to be reviewed by all the Evaluation Commission Environment (...) that rejected the change, which surprised us, because this project is clean energy, natural gas replaces diesel, is energy for the region is not for mining, is a plant it will not work consistently, only in time of power outage or emergency, "the legal adviser.

"To be told liars indeed relevant letter is requested modification diesel number two and so it is written, but we are making every effort to operate from day number one natural gas" specified Lanza recalling that Rurelec has another project in Mejillones thermoelectric where analyzes bring natural gas to Arica

f there were so many problems, why not submit it again as EIA and generate citizen participation?

AA: "It is a sum of things. This project was purchased from a Chilean company with all environmental permits at the time, after authorization for improvement that occurred initially requested and then spent all this trouble that ended in the Supreme Court and it took all this.

As a matter of time, thinks the RCA is coming down, and there is a kind of pressure because this has a cost ... ".

JL: "Chile is a country where a person who wants to invest have all guarantees and advantages, and we as English company have believed it, bought a project approval, we made a technological modification, have passed us by regulation, on that basis we bought the turbine which is stored a year ago in Arica, we bought all auxiliary equipment and terrain. We are ready to invest and have been submitted to us this whole series of problems that speaks badly of the country "

We have received information that there is movement in the field of work what about you?

AA: "We have not taken any truck, anything, nor have we begun to make the perimeter fence of the site".

JL: "Our obligation is signaled on the road" no pass ", and for that we have contacted archaeologists to help in splitting will place signs so that no truck flow is diverted and could damage archaeological sites they are 300 meters from the location of our land and out of the way ".

What will happen if they do not talk to the opposition sectors to the project?

AA: "We must continue to work with the community and develop a fluid and constant dialogue with the support of the authorities, we want to be a member of Arica. We see no reason why not reach consensus with environmental groups. "

Minister Pacheco

A key appointments for the company was the meeting with the Minister of Energy Máximo Pacheco. According to the director of projects and development in Latin America, the minister said "best operating day one with natural gas and we will support all efforts to reach as soon Arica".

"The technology you want to use, if we can make the change, is modern, non-polluting. That is why the Agenda of the Minister Pacheco wants to increase the use of natural gas, because more friendly and has greater benefits, "said Arias

above with google translate

appears officials on our side but not the locals (nothing new there) but does not translate very well.

cheshire2
25/11/2014
16:14
Anyone attended the agm? wonder if anything new was informed and in general the mood.
vyke82
25/11/2014
15:08
resolution passed so after court approval divis can be paid. I think good news flow is coming from here from now on.
vyke82
24/11/2014
12:10
agm this week.
vyke82
20/11/2014
09:44
That last 100k was a buy showing as a sell
torbie
16/11/2014
16:17
jeddicat you are right I should have read the RNS down to the bottom. Also I confirmed what they (and you) say; once approved by the EGM and Court the premium account reduction can be used for dividends. There is of course a slight problem in that reducing the share premium account is just a paper exercise. It doesn't create any cash. But £4m+ at half year wasn't too shabby although the borrowings are still rather higher. So it all depends on the strike value and structure of any deals for bringing in partners and/or selling off assets. RUR looks as if it is reinventing itself as a project construction business rather than electricity producer. Not necessarily a bad thing but produces more erratic profits.
grahamg8
13/11/2014
07:45
Hopefully this won't be too much of s distraction for Peter Earl - he handed over the CEO role of IPSA to focus on Rurelec.("IPSA" or "the Company")Death of CEOIPSA Group PLC (AIM: IPSA), is saddened to announce the sudden death on Tuesday of Phil Metcalf, CEO of the Company since September 2011."On behalf of the Company, I would like to express our appreciation for the contribution Phil has made. He was a leader of integrity and honesty, who was dedicated to his work and will be difficult for us to replace. He will be greatly missed", commented Richard Linnell, Chairman of the Board.In the interim period, Peter Earl has agreed to take on the role of Acting CEO. A further announcement will be made in due course.
timbo
12/11/2014
09:55
vyke and the rest, Rurelec is a small AIM company but with huge prospects and brilliant projects, blue chip interest tells you where this could go and 10p doesn't even come close imo
swooped
12/11/2014
09:49
I like the green today but I think we should be at least 10p just with the growth prospects
vyke82
12/11/2014
09:48
Peter Earl interview is very encouraging.
vyke82
12/11/2014
09:42
hxxp://put the 3 w's.directorstalk.com/peter-earl-chief-executive-rurelec-lonrur/
swooped
12/11/2014
09:32
lets have a continued and controlled rise back to NAV and beyond, should be some excellent news flow:

1. Partnership deals for Chile and Peru
2. 25th Nov general meeting (already cast my vote in favour)
3. High court passes ruling.
4. Return to dividends which means the Latin American pension funds could buy in, who knows where we could be in 6 month time Nav and beyond?

Other nice comments:
- 'very serious blue chip partners' so not 2 bit companies
- In a very good place right now, enthusiasm, beauty contest and in a position to choose.
- Chile initial 300MW can take to 500MW.
- Peru over 400MW worth of approved hydro projects.

swooped
12/11/2014
09:08
OK thanks.
gerhart
12/11/2014
09:07
Its on this site under a stocktube video

[...]

swooped
12/11/2014
09:03
Have we we been tipped somewhere...small sizes but unusual number of trades early in the day. Probably volume of trades is pushing up the share price and not the sizes.

Swooped what video are you referring to? Thanks.

gerhart
12/11/2014
08:52
[...]

Watch the video, could not sound more positive

swooped
11/11/2014
14:39
grahamg8 -

Well,the BoD's are asking for £45m.

Page 3 of the RNS, under Notes for Editors/Highlights, para 4, it states-

Utilising the sums arising from the Capital Reduction to (i) eliminate
the accumulated losses in the profit and loss reserve of the company and
(ii) create distributable reserve to allow the Company to pay dividends
in due course.

In any event, I think the main reason for this move is that 'partners' will not sign up unless and until the Company is free of so much debt, irrespective of how it was accumulated.

Regards

jeddicat
10/11/2014
15:38
ok. This is good then. consolidation would be bad.
vyke82
10/11/2014
08:16
Ex HL. MCap £22.46m, NAV £58.33m at 31/12/13. You just move £20m from share premium account to retained earnings thereby wiping out accumulated losses. The NAV figure stays the same. I think there is a rule that you can't create a profit from reserves so the amount to be reallocated can't be more than the losses so far. The share premium account would still have £47.37m. All future profits would then be added to the roughly zero retained profit/loss and so potentially distributable as dividends.
grahamg8
10/11/2014
08:13
Looks like we could be turning a corner here. major alliances and divi.
pilkersa
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