Rurelec Share Discussion Threads

[bbr391] 13/1/2019 09:20

Patience perhaps needed for the Market to realise the value here .


Best of All

[johncasey] 10/1/2019 09:45

Net asset value per share 4.7 pence (2017: 5.1 pence).
Today`s good news should be the beginning.
Well done Coveney & Team .
Perhaps your stay of execution may be remitted .
Best of All

[johncasey] 10/1/2019 09:44

UP 17%...alot more to come today

[johncasey] 10/1/2019 09:32

Rurelec PLC Update re: Energia del Sur and General Update

10/01/2019 7:00am
UK Regulatory (RNS & others)

Rurelec (LSE:RUR)
Intraday Stock Chart
Today : Thursday 10 January 2019

Click Here for more Rurelec Charts.
TIDMRUR

RNS Number : 6722M

Rurelec PLC

10 January 2019

Rurelec PLC

("Rurelec" or the "Company")

Update regarding Energia del Sur, S.A. and General Update

Update regarding Energia del Sur, S.A.

Further to the announcement of 24 September 2018, the Directors of Rurelec PLC (AIM: RUR), have been informed by the management of Energia del Sur S.A. ("EdS"), which owns and operates the 136 MW Southern Patagonian CCGT power plant in Argentina, that the major overhaul of the steam turbine has now been completed, and the combined cycle plant is now fully operational and available for dispatch.

The final total cost of the overhaul maintenance amounted to US $6 million which has been financed by a loan from CAMMESA.

Following the return to full power generation by the EdS plant, the management of EdS have indicated that in late January 2019 they expect to resume making lump sum repayments of the outstanding amounts due to Rurelec Project Finance Limited ("RPFL"). They have informed Rurelec that it is their intention to repay that loan in full during 2019. At 31 December 2018 there was US $1.44 million of outstanding capital to be repaid on this loan. After RPFL's debt has been repaid it is expected that EdS will commence repayment of other debts owed to Rurelec and Patagonia Energy Limited.

General Update on loan repayments

The remaining temporary loan facilities provided by Bridge Properties (Arena Central) Limited amount to GBP1.2 million and that after the previously announced GBP400k interest payment made on 28 December 2018, there was no interest outstanding at 31 December 2018. The facilities are due on 30 June 2019. Rurelec envisages resuming capital repayments to BPAC in the first few months of 2019.

[johncasey] 10/1/2019 09:30

you heard it hear first! check out todays RNS

[bbr391] 10/1/2019 08:39

Net asset value per share 4.7 pence (2017: 5.1 pence).
Today`s good news should be the beginning.
Well done Coveney & Team .
Perhaps your stay of execution may be remitted .
Best of All

[bbr391] 10/1/2019 08:38

Good news .
Best of All

[johncasey] 03/1/2019 09:16

down 6% on a poxy 50k sell...i ask you

[johncasey] 03/1/2019 09:02

spread is ridiculous...should be a trading law to stop these MM crooks doing this

[daveeeed] 28/12/2018 12:28

Power plant expected online early January bottoms been and gone only way is up here's to a good new year

[johncasey] 28/12/2018 11:39

when MMs close spread...buyers will arrive en masse

[johncasey] 28/12/2018 11:38

justgill..yes it moves quickly but it was priced to go bust..this isnt the case now..could multibag from here

[bean02] 28/12/2018 11:22

Need to sort the spread. Excellent news

[justjill] 28/12/2018 11:21

Has anyone done the sums on all remaining outstanding debt...

Definitely best news we have had for a while....but wonder what assets have been sold to clear the debt.

John, 25% is small beer when this does move. If it weren't for holiday period would be moving more...and still may. But very often falls just as quickly.

[johncasey] 28/12/2018 11:15

great news!

RNSToday 11:08About time we received some positive news:

Rurelec PLC

("Rurelec" or the "Company")

Substantial debt repayment and Update regarding Energia del Sur, S.A.

Substantial debt repayment

The Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity in South America, announce that they have today repaid £400,000 to Bridge Properties (Arena Central) Limited in respect of clearing outstanding interest payments on short-term loan facilities dated 17 February 2016 and 13 April 2016.

Update regarding Energia del Sur, S.A.

Further to the announcement of 24 September 2018, the Directors of Rurelec PLC have been informed by the management of Energia del Sur S.A. ("EdS"), which owns and operates the 136 MW Southern Patagonian CCGT power plant in Argentina, that the major overhaul of the steam turbine is progressing satisfactorily, and it is estimated to be completed in early January 2019. Whilst this is not guaranteed, the riskier parts of the major maintenance project have been satisfactorily completed and EdS management thus have a high degree of confidence in predicting the start up in the timescale indicated.

A further update will be provided once the plant becomes fully operational.

For further information please contact:

Rurelec PLC

W H Ireland (Nomad & Broker)

Simon Morris, Director

Andy Coveney, Director

Katy Mitchell

Chris Viggor

Tel: [phone]

Tel: [phone]

[bbr391] 21/12/2018 23:28

This BOD must be at least equal bottom spot for the last few years.
Come on Morris

Best of All

[bbr391] 17/12/2018 16:44

And continues.

Best of All

[bbr391] 29/10/2018 09:29

The wait for a real valuation , continues.

Best of All

[tomboyb] 29/10/2018 09:04

A blue start to this tiddler -

NAV still around the 4.7p mark so upside here -

[tomboyb] 17/10/2018 09:51

It is possible an offer could be made here -

Capped at below £5 million -

Energía del Sur S.A. (EDS) is one of the largest thermoelectric generating plants in the Argentinean Patagonia.

net debt now only 2.4mill -

could sell Chile two 128 MW Turbines which could give immediate cash flow -

[tomboyb] 16/10/2018 12:59

with a NAV of 4.7p MMs certainly not giving much at 1p after 21|% rise -

MMs very tight esp after the last interims but there is work to do -

An offer was made last year for the company so maybe another one could possibly ensue -

We shall see -

[tomboyb] 16/10/2018 10:27

After the last interims MMs decided to reduce online offers ( which i've noticed) -

They did say they will push to rebuild shareholder value so we will see -

[bean02] 16/10/2018 10:19

From nowhere. Boom! Leak?