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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 Shares Traded Last Trade
  0.00 0.0% 0.80 0.00 07:33:41
Bid Price Offer Price High Price Low Price Open Price
0.75 0.85 0.80 0.80 0.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity -4.42 -0.79 7
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.80 GBX

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DateSubject
27/11/2020
08:20
Rurelec Daily Update: Rurelec Plc is listed in the Electricity sector of the London Stock Exchange with ticker RUR. The last closing price for Rurelec was 0.80p.
Rurelec Plc has a 4 week average price of 0.65p and a 12 week average price of 0.65p.
The 1 year high share price is 3.60p while the 1 year low share price is currently 0.33p.
There are currently 914,905,672 shares in issue and the average daily traded volume is 182,889 shares. The market capitalisation of Rurelec Plc is £7,319,245.38.
23/10/2020
16:14
novicetrade68: RNS Number : 9849C Rurelec PLC 23 October 2020 23 October 2020 Rurelec PLC ("Rurelec" or the "Company") Partial Debt Repayment Further to the announcement of 14 September 2020 (the "Announcement"), the Directors of Rurelec PLC (AIM: RUR) note that Rurelec have received a further US $224,000 by way of partial repayment by Patagonia Energy Limited ("PEL") of the Amended and Restated Loan Notes. The total balance outstanding on the loan notes is approximately US $20.162 million (split US $14.593 million Rurelec : US $5.569 Basic Energy Limited ("Basic") with the first US $1.29 million of the US $20.162m to be shared 80/20 between Rurelec and Basic Energy Limited, the ultimate shareholders of PEL, and then the balance paid 72:28 thereafter (Rurelec: Basic ). . There can be no guarantee as to when any further loan repayments will be made. Further updates will be provided in due course. For further information please contact:
08/10/2020
20:34
rogerramjett: This has a long way to run yet. 3.9p NAV, repayment of a loan $14m slowly being returned to RUR and an MCap of £6m. Just the loan being repaid would be worth 100% on the current share price and MCap value.
03/10/2020
23:13
johncasey: one to keep an eye on monday...rurelec (RUR) remained unchanged, despite recent investor interest in the stock. This came after international power generation group unveiled its interim results on September 15. Traders pointed to the way that the company has zero debt, but is owed $14m to be paid back in monthly instalments. All of this relates to a company which currently has a market cap of £5m.
19/8/2020
12:30
golden prospect: "The Directors of the Company note the recent movement in the Company's share price and confirm that they know of no reason for the share price movement." https://uk.advfn.com/stock-market/london/rurelec-RUR/share-news/Rurelec-PLC-Comment-on-Share-Price/83100917
19/8/2020
11:18
amrishbhim: From Riddler in LSE boardExcellent, everyone should read4p -6p targetToday 12:04#RUR Rurelec South American focused clean energy company with a tumultuous past 10yrs.• Market cap £3mln/ 0.7p• NAV at last accounts 3.7p ( this doesnt take into account the $21mln owed to it by PEL, nor any asset sales in Chile or Argentina)• Post year end recieved £1.1mln and with £700k in transit from an ongoing Argentine asset. RUR still owed 75% of the $21mln CLNS outstanding from Patagiona Energy Limited (PEL)• Holding enough cash for at least 12mths as part of a post C19 stress test.• Admin reduced and losses reduced to negligible after paying back all £1.2mln of a loan which then released all asset security over RUR assets.• A share capital reduction planned as early as 2014 has allowed £14,620,000 ( £14mln) to be distributed to long suffering holders, either as a dividend or as a share buy back.Key timeline 2010 Bolivian aasets seized by nationalist government.2014*- Rurelec PLC now received the payment of USD31.5 million that it agreed with the Bolivian government, after a four-year battle to get compensation for a stake in the country's largest power producer that was taken from it* £45mln was kept in a "special reserve account " which was prohibited from being accessed until the company had settled all debts ( now in 2020 that has been achieved)2015Major 46% holder Sterling Energy goes into administration and as of 2020 is still hopeful of RUR delivering shareholder returns. 2016Rurelec has entered into and fully drawn down a short-term loan facility with Bridge Properties for £850,000. ( as shareholders did not want to raise equity following the administration of major holder Sterling.) NB this loan was extend to £1.2mln and fully paid in Dec 2019.November 2019Recieves $640k from PEL Dec 2019Repaid all of the outstanding balance of a £1.2mln loan which then frees all rights to RUR assets and means assets are wholly back in RUR ownership.March 2020Recieved $1.4mln ( £1.1mln) from the PEL asset.June 2020 Results Year end Dec 2019 and very detailed forward looking statment regarding assets, monies owed to RUR and the AGM resolutions for capital reduction programme. July 2020$280k recieved of PEL payments with $21mln outstanding August 2020 Capital Reduction upheld via court sanction and will be filed with companies house. This allows the distribution of monies from the £14mln share capital account AND the $21mln CLNS owed to RUR , plus any asset sales ( in talks for 12mths)
16/8/2020
10:10
golden prospect: Conclusion of RUR saga in sight, 561m shares in issue so at 0.7p the Mkt Cap = £3.9m Debt free and restructured balance sheet appears ready for some action RUR owns 50% in Patagonia Energy (PEL), and Argentina recently resolved $65bn bond refinancing so exchange restrictions may now be eased PEL owes Rurelec $15.2m [£11.7m] + RUR owns two 701DU turbines worth $9.4m [£7.2m] Stored valued, update expected Monday 17th August 2020
10/7/2020
18:24
novicetrade68: 10/07/2020 2:50pm UK Regulatory (RNS & others) Rurelec (LSE:RUR) Intraday Stock Chart Friday 10 July 2020 Click Here for more Rurelec Charts. TIDMRUR RNS Number : 7163S Rurelec PLC 10 July 2020 10 July 2020 Rurelec PLC ("Rurelec" or the "Company") Partial Debt repayment Further to the announcement of 6 March 2020 (the "Announcement"), the Directors of Rurelec PLC (AIM: RUR) note that Rurelec have received a further US $280,000 by way of partial repayment by Patagonia Energy Limited ("PEL") of the Amended and Restated Loan Notes. The balance outstanding on the loan notes is approximately US $20.92 million with the first US $5 million of repayment shared 80/20 between Rurelec and Basic Energy Limited, the ultimate shareholders of PEL, and then the balance paid 72:28 thereafter (Rurelec: Basic Energy Limited). The total amount owing to Rurelec is now US $15.2 million. There can be no guarantee as to when any further loan repayments will be made. Further updates will be provided in due course. For further information please contact: Rurelec PLC W H Ireland (Nomad & Broker) Simon Morris, Director Katy Mitchell Andy Coveney, Director Lydia Zychowska Tel: 020 7549 2839/40 Tel: 020 7220 1666
21/11/2019
07:33
novicetrade68: Good development.. 21 November 2019 Rurelec PLC ("Rurelec" or the "Company") Agreements with Basic Energy Limited and other parties, and note on foreign exchange controls in Argentina New Agreements The Directors of Rurelec PLC (AIM: RUR) announce that on 20 November they have signed (1) an Amended And Restated Shareholders Agreement ("SHA") with Basic Energy Limited ("Basic") and Patagonia Energy Limited ("PEL"), and (2) an Umbrella Agreement ("UA") with PEL, Basic, Rurelec Project Finance Limited ("RPFL"), Energia del Sur SA ("EdS"), Electrica del Sur S.A. ("Electrica"), and Rurelec PLC Sucursal Argentina. -- The SHA amends the constitutional relationship between Rurelec and Basic, who are both 50% Joint Venture ("JV") partners in PEL. -- The UA sets out a new schedule for the repayment of unsecured debts owed by PEL to both Rurelec and Basic by way of the Amended and Restated Loan Notes ("ARLNs"), the terms of which are set out below. -- By joining EdS and Electrica into the agreement, the UA also regulates the cash distributions to be made by EdS and Electrica to PEL. -- Finally, by joining RPFL into the agreement (a wholly owned subsidiary of Rurelec) the UA sets out the basis for the release of the secured Facility Agreement between EdS and RPFL. This is the same EdS Senior Debt acquired by Rurelec Project Finance Limited from Standard Bank in March 2011 and repaid in full on 30 May 2019. The objective in signing these Agreements has been to enhance and maximise the flow of cash remittances from EdS (PEL's operating subsidiary) to Rurelec via PEL by formalising arrangements governing the flow of funds from Argentina and by more closely aligning the interests of Rurelec and Basic. Summary of Changes The key constitutional changes to the SHA are: -- Permitted share transfers; o To allow part of Basic shareholding to be transferred within Basic stakeholders without triggering the right of first refusal; o Payment to shareholders: -- PEL group cash position to be reviewed on a monthly basis to consider making repayments or distributions; -- ARLNs to be repaid in accordance with their respective terms and the UA; -- Dividends will not be paid out until the ARLNs have been repaid in accordance with their respective terms and the UA; -- The first $5.7 million of dividend distributions by PEL will be split in the ratio 72:28 (Rurelec:Basic); -- After that, further dividend distributions to the JV partners will be on a 50:50 basis. The key provisions of the UA are: -- Formal monthly obligations on EdS to review cashflow and to remit all permissible surplus cash to PEL and in turn on PEL to remit such funds to Rurelec and Basic in accordance with a "waterfall" arrangement of the UA as follows: o The first US $5.0 million of debt repayments by PEL will be split in the ratio 80:20 (Rurelec:Basic); and The next US $18.9 million of debt repayments by PEL will be split in the ratio 72:28 (Rurelec:Basic). -- Customary default provisions for both Rurelec and Basic having the right to default interest. -- Rurelec and Basic agree to waive any claim to interest on past monies loaned to PEL and for there to be a global release of past debts, obligations and liabilities. The Board of Rurelec has for many years provided in full for the uncertain interest on these monies. -- Debt capital to be defined by the establishment of new ARLNs. -- If EdS/Electrica/PEL is unable to pay either of the JV parties due to exchange controls in Argentina, it will set aside the funds until it is able to pay both parties. -- The release of the secured Facility Agreement referred to the Company's announcement of 30 May 2019. Whilst these new provisions determine how funds generated by PEL will be distributed, the timing of these payments is not certain as it is dependant inter alia on the potential future cash generation ability of EdS and the potential future existence of exchange controls that may restrict the ability of EdS to transmit funds to PEL (see below). The key provisions of the ARLNs (in accordance with the terms of the SHA and the UA) are: -- No interest accruing; -- Events of Default and Default Interest of 14.32%; -- Repayment by PEL of outstanding principal on the maturity date (31.12.2039); and -- Prepayment of outstanding principal is permissible to both lenders (Rurelec and Basic) without premium or penalty. Exchange controls imposed by the Argentine Central Bank The Directors note that exchange controls have been imposed in the wake of the latest financial crisis in Argentina, where the Company operates. Due to the exchange controls imposed on US dollars by the Argentinean Central Bank ("BCRA"), any repayment of debt between a subsidiary and its parent company needs the approval of the BCRA. As a result, the local management team of EdS is looking at alternative ways to purchase US dollars to fulfil their obligations under the UA. The local management team is also receiving legal and banking advice in Argentina. EdS management expects to be able to transmit further debt repayments and dividends to PEL (which is based outside of Argentina) but Rurelec's Board notes there can be no guarantee that any route will not also be blocked by further exchange controls measures introduced by the new Argentine government. Accordingly, there can be no guarantee that any cash can be remitted to PEL in the foreseeable future, nor that any monies can, in turn, be remitted to Rurelec. Whilst this is not a problem for the Company in the short term, it could ultimately result in liquidity problems for Rurelec if it was not resolved. The Directors will continue to keep the situation under review and further updates will be made as appropriate. For further information please contact: Rurelec PLC W H Ireland (Nomad & Broker) Simon Morris, Director Katy Mitchell Andy Coveney, Director Lydia Zychowska Tel: 020 7549 2839/40 Tel: 020 7220 1666 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END
21/8/2019
13:25
novicetrade68: There is absolutely no reason why the RUR share price is where it is at the moment, hence the below regarding corrupt?/dodgy? market makers may apply to the Rurelec share as well, despite it is about Steppe Cement, but the method is probably similar regarding MM trading conduct: ---- STCM is selling more, STCM is benefiting from currency advantages, STCM is now paying 12% annual dividend, yet you look at the share price now and you get the impression that a person like David Lenigas, among many others, look correct in that MMs DO seem to screw everyone out of their holdings for a fixed amount of time, ie going (naked) short for 2-3 months, and then in the run up to the interims or results later they sell their complete extorted collection at 10%-15%-20%-25% additional margin to traders and investors, ideally on a spike....you know, along with supportive commentary on ADVFN & on the LSE chat site....and then they apparantly go short again for a fixed amount of time when no one is expecting it and then leave everybody incurring losses which increase every day and every week and every month, with no chance to make any return whatsoever... This really now seems a recurring, annual pattern where the share price gets lower and lower everyday, and many many eventually sell their holdings when MMs seem in their fixed (naked) short period and manipulate the price down regardless.
07/5/2019
09:13
tomboyb: Rurelec PLC Loan Repayment and Extension 07/05/2019 7:00am UK Regulatory (RNS & others) Rurelec (LSE:RUR) Intraday Stock Chart Today : Tuesday 7 May 2019 Click Here for more Rurelec Charts. TIDMRUR RNS Number : 0821Y Rurelec PLC 07 May 2019 7 May 2019 Rurelec PLC ("Rurelec" or the "Company") Bridge Properties (Arena Central) Limited Loan Repayment and Extension Further to the announcement of 27 February 2019, the Directors of Rurelec PLC (AIM: RUR) announce that today they made a further principal repayment of GBP200,000 on the remaining temporary loan facilities provided by Bridge Properties (Arena Central) Limited ("BPAC"). The amount of principal now outstanding is GBP640,817. The remaining outstanding facility which fell due on 30 June 2019 was extended to 30 June 2020 on 2 May 2019. As part of the terms of this extension, an additional 1% increase in the interest rate (taking the total interest rate to 13.5%) will be applied with effect from 1 July 2019 and there will be a GBP15,000 extension fee applied if the loan is not repaid in full by 31 December 2019 At the same time, the management of Energia del Sur, S.A. ("EdS") has notified Rurelec PLC that they intend repaying the outstanding loan owed to Rurelec Project Finance Limited ("RPFL") in full by 30 June 2019. The current outstanding amount owed is US $137,000 together with agreed fees of $157,000. EdS also has notified their intention to repay an unsecured debt of $650,000 to Rurelec PLC, although there can be no guarantee that these repayments will occur For further information please contact: Rurelec PLC W H Ireland (Nomad & Broker) Simon Morris, Director Katy Mitchell Andy Coveney, Director Lydia Zychowska Tel: 020 7025 8026/8 Tel: 020 7220 1666 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END MSCEALSDEEPNEFF (END) Dow Jones Newswires May 07, 2019 02:00 ET (06:00 GMT)
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