Rurelec Share Discussion Threads

[cheshire2] 14/2/2014 16:02

Swooped - im sure you are right - i dont think peter would be a party to anything underhand. I just worry with aim stocks - a few years ago had shares in safestore - company taken private compulsory purchase all remaining shares at a large loss to most shareholders - went public again some 4/5 years later and they made a fortune.

[smicker] 14/2/2014 15:58

Any idea why they sold these with the Chile listing coming up

[swooped] 14/2/2014 15:51

I am sure they have no intention whatsoever, Sterling have been a backbone to Rurelec and are a great supporter, remember they will be placing shares with the Chilean institutions when the shares start to trade there, and I am very sure their price expectation will be far far higher than what we are currently trading at in the UK. I would expect them to at least to be brought on at, or close to NAV. I'm happy to stick my neck out here and say IMO there is no way we will be trading this low when Chile comes on board.

[cheshire2] 14/2/2014 15:43

Do stirling have any designs on the company - with 53% they could just sell control off to a third party ??

[fatnacker] 14/2/2014 15:41

"triggered by recent corporate action" ????

[cheshire2] 14/2/2014 15:18

RNS Number : 1449A

Rurelec PLC

14 February 2014


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)

Full name of person(s) subject Sterling Trust Limited

Date of the transaction and date 4 February 2014

Date on which issuer notified: 14 February 2014

Threshold(s) that is/are crossed 53%

[swooped] 14/2/2014 00:11

Cheers guys, I have shared with the other boards also.

[jeddicat] 13/2/2014 20:54

Swooped -

Just going to do it, but jecs has put it on!

I have checked and it is the same one that I have.

Thanks jecs.

I

[swooped] 13/2/2014 16:21

do you have a link to that Jeddicat

[jeddicat] 13/2/2014 13:16

I think Tim Torlot's speach in the Bolivian capitol, about the EU hoping Bolivia pays up sooner, carried some wieght! He says that the President has said that they will honour the Tribunals decision.

The above 'may' be the reason for todays improvement in the SP, still up 0.50p as I write!

GLA

[tux223] 13/2/2014 12:35

If there's a Bolivian nationalized airline that flies to the UK, maybe we could sieze an airliner. If it's owned not leased, that is.

(didn't that actually happen to some other country not very long ago? Lots of disgruntled passengers ....)

[swooped] 13/2/2014 11:57

"Andean pan pipe players outside M&S" LOL, nice to see a 5.7% rise thus far today, ridiculous valuation at the moment....soon not to be a ridiculous valuation.

Technically oversold 14 day RSI = 31

[swooped] 13/2/2014 10:22

Would love to with the proper authority, would be fun placing a sign "seized" on a building just as Morales seems to love so much, maybe we could seize the assets on May Day! however I'm not sure any Bolivian companies actually exist in the UK?

[mountain man] 13/2/2014 09:01

Are you volunteering to try?

[fatnacker] 13/2/2014 08:09

What's the chances of Bolivia giving back the asset in lieu of the award?

[swooped] 12/2/2014 18:46

"A favorable award of damages under the ICSID or UNCITRAL rules may be enforceable against assets of the host state under the 1965 Washington Convention on the Settlement of Investment Disputes Between States and Nationals of Other States or the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards."

Interest is accruing each day, thus we just nick Bolivian assets here in the UK, now that would be fun

[tux223] 12/2/2014 17:48

What happens to Bolivia if it doesn't pay up? And does Rurelec get any compensation (interest) if it's many months before Bolivia pays up?

The market price makes sense only if it's discounting a very long wait for the cash.

[luminoso] 12/2/2014 15:17

Thanks for the summary, swooped.

[mrwoo] 12/2/2014 13:04

That all makes sound sense to me, swooped. One day the market will agree. Or would, if it wasn't AIM - I keep telling myself to keep clear, and yet...

[swooped] 12/2/2014 12:47

Hi Mrwoo

I think the issue here at the moment is the inability of the market to either take in, or accept what is being told to them, as an example,
Peter has already;

1. Updated the market as to the excess funds they will have post arbitration
2. Updated the market as regards plans post payment with regards to special divi being considered etc.
3. Updated the market as regards the Santiago listing and explained that it continues to await final approval for its shares to be permitted to trade and added that a further announcement will be made when the Company receives a firm date for the start of trading.
4. He has told those that have contacted him directly that we absolutely, definitely will be paid and that it is a nonsense to even consider we will not, it is the law.
5. He has shared the forward plan for operations and we know that we are going to enter the Chilean market with an extremely healthy MW capacity lined up.
6. We have other operations that will also lend themselves to a greater future, and
7. I would hope to see in the near future a new broker note from our new broker which if everything I say is true, I expect a very healthy target price, I also expect to eventually see who bought the 14million shares that showed up late on the 20th January, lets hope it is someone of significance and of good reputation

However with all of the above the market seems to have chosen to ignore all of this, AIM is for sure a crazy place, however I have noted that sentiment can also change as fast as the wind and it only needs one of the above to possibly do that and then all the shareholders will be back, this is the norm in aim, people follow the herd, they buy shares in a rising market, crazy as it seems but personally I like to buy shares at the bottom not when they have already gained 20, 30, 40 % etc.

We will see how this plays out but for sure if it goes as I expect I will be very happy having amassed a fair few over the years.

GLA, Swooped

[mrwoo] 12/2/2014 11:34

I share your hopes for the arbitration payment. I was particularly encouraged by the 7 February report that the EU was lobbying the Bolivians too: this isn't just Rurelec v Bolivia or even UK v Bolivia. It may still take a while for the money to materialise, but my sense is that it will come. So I also feel that the current share price reflects too negative a view of everything. I am therefore happy to hold.

[swooped] 12/2/2014 11:10

Well I have to admit although I thought my last was my last, I have also purchased again. By my calculation we are now trading at just a tad less than 40% under current NAV (calculated using the reduced award figure).

My view is this has been very seriously oversold, both fundamentally and technically and can only be explained by the fact that a large proportion of the market believes the arbitration will not be paid and also exhibits concern regarding the Santiago listing.

I have different thoughts, in my view the arbitration will most definitely be paid and that is without doubt. I also believe the Santiago listing is round the corner but is, I admit taking longer than most thought, however my news on this count is that it is back on track, all documents delivered without issue and it's just the pace of Chile whilst in a holiday season that makes everything a bit slow.

For the above reasons and along with the obvious potential of the business I remain an investor.

[cheshire2] 11/2/2014 18:19

12 trades on aim - 28 through isdx/plus market today.