Rurelec Share Discussion Threads

[resourceful] 16/10/2017 12:25

what is going on
if it triples from here i get my money back

[temmujin] 13/10/2017 10:28

worth a punt at this price

[varies] 12/10/2017 14:32

First the wretched Morales sends in his bandits to rob us of our power station, then we get shafted by his lawyers at the Hague, and now we may get taken out at 2p or 3p by our erstwhile leader.
It is a lucky man who makes money in South America.
Having said all that, I must confess that I have enjoyed a wonderful return over the years from Ocean Wilsons.

[miahkaysor] 11/10/2017 15:25

3p close me thinks!

[colin12345678] 11/10/2017 13:58

The good thing is, the administrators of sterling Trust are still controlling events and I very much doubt they will sell the 54% holding in RUR at a substantial discount to the NAV.

I would also expect to see interest from other parties now that PE has declared his hand.

[gerhart] 11/10/2017 13:42

As much as I need as much as we can get, I can't see our former boss paying top notch. He bigged up what a great job he was doing and our value and prospects, but don't think that this will be reflected in any offer HE makes.

Hopefully there will be a bit of competition. This is all about real hardware and real business, not a fancy IP or internet concept.

The NAV has been depressed due to the various circumstances, incl the Argentinians delaying repayments to us. But looks like they are in the mix here, which makes things very interesting!

[novicetrade68] 11/10/2017 13:36

NAVP is around 5.50p here.

[novicetrade68] 26/6/2017 14:46

Expecting some Sterling results this week....hopefully.

[novicetrade68] 25/5/2017 18:30

Coming alive again by the looks of it.

[temmujin] 22/2/2017 14:19

buyers coming back.....code 1 also

[giant steps] 11/2/2017 09:24

Excellent update

[novicetrade68] 10/2/2017 20:53

There is a good discussion on LSE why todays' news is significant. Could well see 3p+ next week. Only 560m shares in issue.

[temmujin] 10/2/2017 20:23

i bought more 1 hr before RNS...timing is everthing...will open above 2p on monday

[novicetrade68] 10/2/2017 16:51

Rurelec Shares Soar After Striking Deal To Protect Turbine Interests
Fri, 10th Feb 2017 16:14

LONDON (Alliance News) - Rurelec PLC on Friday said it has struck a vital deal with Ethosenergy Italia SpA in order to protect its interests in two gas turbine generator packages that it classes as its major assets.

Rurelec shares were up 26% to 1.65 pence per share on Friday afternoon.

Ethosenergy supplied two Siemens-Westinghouse TG50D5/W701DS 127.8 megawatt gas turbine generator packages to former London-listed IPSA Group PLC, which then subsequently agreed to sell them to Rurelec in a deal to be paid mostly via deferred consideration.

Following a turbulent period, IPSA then became reliant on its creditors - namely Ethosenergy - as well as the deferred consideration being paid by Rurelec. In September, IPSA formally exited the AIM market after its shares were cancelled.

On Friday, Rurelec said its joint venture operations in Argentina have made loan and interest repayments to the business "in line with its budget expectations and ahead of the previous year when considering a rolling 12 month period."

As a result, Rurelec was able to strike a deal with Ethosenergy, whereby the debt that is owed to Ethosenergy by IPSA will be assigned to Rurelec.

If Rurelec did not take on the debt, then the company said Ethos could have taken action against IPSA, potentially impacting Rurelec's interest in the two turbine packages.

The payments to Ethos will reduce Rurelec's third party debt by reducing the sums payable by Rurelec to IPSA under certain agreements, and the sums payable by IPSA to Ethos.

By Joshua Warner; [e-mail]; @JoshAlliance

[apfindley] 10/2/2017 16:28

Have you got caught on your own spike again temmujin

[novicetrade68] 10/2/2017 16:28

This really is good news though.

[apfindley] 10/2/2017 16:28

924 million SHARES in issue......BUT only 660 thousand traded.Less than 0.07% of shares traded on that damp news.Lol

[apfindley] 10/2/2017 16:25

How much was it for???There is no mention.It's only you buying isn't it tummujin-pillow multialias.The trades only add up to a few K

[temmujin] 10/2/2017 16:13

hello ,hello...anyone awake you dingbats!

[apfindley] 10/2/2017 16:12

Yes so awesome that they dont even tell you how much they receive Some fools will buy this and then pump it.