Investor Soiree Butler Rurelec RUR.L

RurelecRurelec PLC was established to develop, own and operate power generation capacity in Latin America. Rurelec is managed by a team with a strong track record in developing power projects worldwide and with considerable experience in the electricity sector in Latin America. Rurelec's main business consists in the ownership and development of power generation facilities on the national grid and in isolated areas, selling electricity on commercial terms. The Company is now a significant power generator in Bolivia and Argentina.
Take me straight down to the chat Rurelec is trading below the moving 50 day average and below the moving 200 day average on below-average volume.
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  • Re: RNS - But not the one expected by Leicesterboy
    Wed, 13 May 2015 08:26:00 GMT

    Not quite sure why they need another £340000, thought it maybe to pay IPSA, but I would assume its to get there other projects into a state where they can be partnered out ! Must be an end game going on here, and Radix would not have lent them the money without knowing that, but what I find amazing that they should issue an RNS re the Loans, but no RNS on the state of play re the part Sale of the Projects, does taking on more Loans warrant an RNS ?
    LB By Leicesterboy
  • Re: RNS - But not the one expected by Leicesterboy
    Tue, 12 May 2015 21:59:00 GMT

    Hopefully they will issue another RNS announcing how its all going ! or not but Radix would not lend them the money unless they had some assurances !
    LB By Leicesterboy
  • RNS - But not the one expected by MrNoProfit
    Tue, 12 May 2015 16:41:00 GMT

    Latest RNS....
    ===
    Further to the announcement of 1 April 2015, Radix Investments UK Ltd have agreed to extend the current facility repayment date to 30th June 2015 and have also agreed to advance a further £340,000 to the Company. The Directors are grateful to Radix for their support at this time.
    ===

    So another 6 weeks to wait.

    The repayment date has been moved to the same date as the AGM.... Interesting.

    They have also now moved the likelyhood of the partnership deals being announced until after the results to be published in June. Whats the betting there will be a huge mark down in NAV which they will then use to justify partnership deals at a discount to the previous NAV.

    By MrNoProfit
  • Re: Re:Canchayllo by Leicesterboy
    Sat, 09 May 2015 10:17:00 GMT

    I expect an announcement on Monday or very soon after there is a trade not recorded late in the day of 270000 must have been a buy at 3.62 !
    LB By Leicesterboy
  • Re: Re:Canchayllo by Leicesterboy
    Thu, 07 May 2015 07:17:00 GMT

    I would agree, thought he may have learnt his lesson ! But as usual things maybe out of his control, the Canchayllo seems to have dragged on forever is it crucial to the business its sold not sure it is, the one in Chile I would say was !
    LB By Leicesterboy
  • Re: Re:Canchayllo by MrNoProfit
    Thu, 07 May 2015 07:08:00 GMT

    To Peter Earl "shortly" could mean anything up to 12 months as seen via numerous statements relating to arbitration, partnerships and Canchayllo.

    Whilst some of that rhetoric may not be his fault; he does like to be VERY optimistic about time frames. By MrNoProfit
  • Re: Re:Canchayllo by Leicesterboy
    Wed, 06 May 2015 09:00:00 GMT

    I would say there maybe a problem getting the dosh, not sure how crucial it all is really, but I find it amazing that after months of negotiation you would have thought it plain sailing, but SA is not like the UK, but they are also selling down the Project in Chile so we may get a double effect when we get an RNS, obviously nothing has leaked as no shares traded !
    Like all things there is many a slip between cup and lip !
    LB By Leicesterboy
  • Re:Canchayllo by racehorse
    Wed, 06 May 2015 08:33:00 GMT

    Rurelec said on the 1/4/2015 that they had not received the $6.6m for the sale of the Canchayllo hydroelectric plant and the money was expected shortly. Does anyone know when shortly becomes now? By racehorse
  • Re: Good to see ... by Leicesterboy
    Sat, 18 Apr 2015 08:14:00 GMT

    Hi GFD Not looked at IPSA yet, but a good sign that hopefully the deal has been done re the $6.3 million ! Only a very small volume but a 120000 buy at 4 pence is positive lets hope for an RNS on Monday, I have a sneaky feeling we might get one ! I still have a nasty feeling we may get back to over 10 pence by the end of the Year !
    LB By Leicesterboy
  • Good to see ... by goodflyingduck
    Fri, 17 Apr 2015 15:55:00 GMT

    .... IPSA's long-running litigation finally disposed of. Maybe PE will have a little more time to devote to all things RUR now (including the outstanding payment to IPSA). Also good to see confidence returning with a couple of relatively big buys this afternoon.

    We're getting there, I believe.

    GFD By goodflyingduck
  • Re: under valued and under the radar by Leicesterboy
    Mon, 13 Apr 2015 06:15:00 GMT

    Sale of Shares in projects and Cash Received, actual growth in active projects, return to sustainable Dividends, it will be over 10 pence and probably more !
    LB By Leicesterboy
  • under valued and under the radar by here and now
    Sun, 12 Apr 2015 10:41:00 GMT

    I just don't understand how this company can be so under valued by the markets. Should be trading way over 10p a share. Still, at least it gives us the opportunity to pick up cheap stock on SP weakness. Lots of catalysts to come this year and we should see the SP back to 10p plus by the end of the year By here and now
  • Re: Incidentally ... by goodflyingduck
    Fri, 10 Apr 2015 14:11:00 GMT

    "Rurelec's Independent Power Corporation (IPC) subsidiary is increasingly being retained to help owners of oil and gas fields convert their reserves into electricity through new power plants in emerging markets which monetise the value of what they have in the ground. Pablo's experience will help us to find other opportunities for IPC's business to grow" seems to be the obvious answer to your question LKH but another might be that, with 13m shares in RUR, his interests are clearly not confined to oil.

    Were it Emilio, we could all use some of what he used to peddle !

    GFD By goodflyingduck
  • Re: Incidentally ... by LK Hyman
    Fri, 10 Apr 2015 09:56:00 GMT

    GFD,

    "The Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, are pleased to announce the appointment of Pablo Galante Escobar as a Non-Executive Director, with immediate effect."

    I'm glad they mentioned that "Galante". It would of been a bit of a sickener if it had been "Emilio". I wonder if, by any chance, they are related?

    Is a bloke with experience of the Venezuelan oil industry really what Rurelec needs? Just askin'.

    LKH on the flybridge By LK Hyman
  • Incidentally ... by goodflyingduck
    Fri, 10 Apr 2015 09:39:00 GMT

    ... did everyone notice the small hike in the Ask price ? Surely not attributable to Pablo's appointment ? Maybe the time's drawing closer when we will get the News we're all waiting for ? GFD By goodflyingduck
  • SP by jeddicat
    Thu, 21 May 2015 18:33:53 GMT

    Two nice buys close to closing time today. Possibly an RNS in the morning? Or in the afternoon, late, if they want to bury bad news over the Bank Holiday?
  • gfd8 by Swooped
    Thu, 21 May 2015 17:03:02 GMT

    you have mail
  • AGM by Swooped
    Thu, 21 May 2015 14:45:35 GMT

    At this time, yes I am planning on attending, albeit that's if my new house purchase doesn't get in the way.
  • swooped by KAMEL17
    Thu, 21 May 2015 14:25:49 GMT

    Will you be attending the AGM this year? I'm pretty sure that I'll make a point of going as beyond June, my participation may be linked to little more than the look in the eye of a respondent to some searching questions. If you are going to attend and wish to do so I'll happily buy you a beer and we can muse over our investment and compare notes- if you'd think there is any benefit to doing so. The only thing that'd stop me is that I'm due to head out to Montevideo at some point in late June/ early July, however, if i am able to attend I shall certainly be doing so. Kamel
  • Kamel by Swooped
    Thu, 21 May 2015 13:45:50 GMT

    As regards seeking change I agree, there is no point, I would expect that if PE is a man of honor he will do what is the right thing and turn this around, I expect there are a number of people he would like to show the V sign to, not least of all the Bolivians who orchestrated this mess in the first place and then burford who finished it. If Peter's words are anything to go by, he still believes their is huge value in rurelec, the Nav still sits maybe, just north of 10p and if you believe it, the beauty contest may still be on, but that gets harder to believe as each day goes by albeit taking small change from Radix makes you think that things must be close. If Colin Emson could do his job and act like a chairman of a growing energy company instead of hiding behind Peters coattails then maybe we could have an integrated and aligned BoD's instead of a one man band. The funny thing is here, with just a couple of deals and the cash owed this could turn around faster than ligtning strikes, a 7am deal with a major and I would not be surprised to see the sp open up double its previous closing. The big issue now is how does the company get the sharehoders to believe them again, imo what is required is not only a partnership RNS but a solid explanation as to why we have had continual delays, if it can be shown that these were outside of Rurelecs control (maybe a big boy partner is in control of announcements and timing) then all could be forgiven, but the shareholders are due and deserve an explanation, as I have NEVER been invested in a stock that has given so much leeway to a BoD's, perhaps thats due to Sterling being so close to the scene (and so heavily underwater) that they have to support Peter or take a huge loss. Time will tell and I guess if one were a gambler at this price they might load up, on balance I think the upside is greater than the down.
  • swooped by KAMEL17
    Thu, 21 May 2015 12:49:36 GMT

    The Financial Statements will be released in in early June as has been the pattern in prior years. I've never been a fan of leaving the filing to the last minute and the lack of guidance on these final numbers by way of an earler trading updates is a little worrisome. My instinct is not to be looking for very good numbers from them - I just hope there are no material "nasties" in there that we do not know about it yet. My over-arching concern here is cash flow and the extension of the Radix facility to June 30th is only a month from now. The announcements that Peter Earl has made are littered with non delivery (hence my posts on reminders) and it is the serial nature of these instances of non-delivery that is so damaging. The details of the "contracted" sale of Canchallyo and the Radix agreements will come to light soon enough. One would hope, that these are commercial deals and that Rurelec is not disdavantaged as a result. With regards to PR - I seriously doubt that this could have been handled much worse than it has been. When even long time staunch supporters such as yourself and GFD are quite rightly hugely critical - that in itself tells a story. For all of hs faults though - It is ultimately Peter Earl who will or will not deliver and there would appear no sense in seeking change at this late juncture. I'd have to add that Colin Emson has added nothing to this business in controlling the newsflow in terms of managing shareholder expectations and he is privy to the deliverability of the statements made by his Board. Ultimately though, and here's the rub, the roughly 70% shareholding of the two main shareholders is of pivotal concern to everyone and all stakeholders in the business. The day to day prices of the stock matter little to Sterling et al. until they want to exit. The partnership plans will probably lead to either a full or partial exit and that's when the price matters. Of course, we all hope that it is not as 0p. Good luck folks.
  • RE: Maybe it's time for a change ? by goodflyingduck
    Thu, 21 May 2015 12:35:42 GMT

    Well that's worrying. It really is a shame that they can't get investor relations and news releases sorted out. There's so much value in this Co and it's being squandered, in terms of the sp, for no reason other than PE's inability to get PR right. I'll have another go at emailing him but I find that it is impossible to do this through RUR's website-hosted messaging service. If anyone has his direct email address that would be most appreciated, please.GFD
  • RE: Maybe it's time for a change ? by Swooped
    Thu, 21 May 2015 12:08:46 GMT

    but would CE be up to the job ? - based on current experience, I doubt it.
  • Maybe it's time for a change ? by goodflyingduck
    Thu, 21 May 2015 12:04:41 GMT

    Echoing Swooped's sentiments, I wonder whether PE ought not to be made COO since his talents lie in the field of operations alone. PR could then be handled by someone else in the Co. As you say, Swooped, it's not uncommon to see Executive Chairmen heading up PR but would CE be up to the job ? GFD
  • I'm still waiting, and so probably by Swooped
    Thu, 21 May 2015 11:40:23 GMT

    Is Rurelec... they should be releasing the results around now but probably waiting for the cash to be received, I bet it's already included in the financial statements.... The problem is that Peter Earl, the person we consider to be the companies greatest asset due to his background in energy and network connections, has also become its biggest liability as he just does not understand / or indeed have any concern for the market and the shareholder as evidenced by the appalling delivery timeline. When does overenthusiasm and missed timescales become lies? However with this said, I would however ask what is Colin Emson's role in all this? Peter as CEO should be running the day to day operations, whereas Colin as Chairman should be spearheading the PR, he seems to do absolutely nothing other than being in control of over 50% of the company via sterling. (If any of you wish to do some research and that includes you Peter, have a look at the announcements made by Phillip Manduca at Paragon Diamonds, and the doubling of the shareprice that followed, it’s amazing what shareholder sentiment can do, Rurelec can learn a few things from this man.) So Peter talks a good talk but then surely business 101 is to keep the shareholders happy, talk up the share price when you can and follow the talk with results. A higher SP in a business where money is key means easier project finance. So we need some bullish momentum and I expect that to come soon. So what’s in store for us well my guess is the following: • A deal on Illapa would be great, this is a capitalised project that already has turbines. 256 MW nominal with the potential to increase to 358 MW • Cash received for a Canchayllo • Maybe something as regards Santa Rita, this could be a big project at 255MW • Some reduction in Sterlings holding, I would hope a partnership may take some of this, if we can reduce this to an acceptable level it would allow institutions to buy in • High Court approval for the capital reorganisation has been approved so return to dividends (stated aim of the BoD) • Other Peruvian small hydro announcements • Arica – not sure what’s happened here maybe the protestors got the better of it but my guess is that this could be brought forward with a CCGT project as opposed to diesel And many other things I expect in the pipeline, for all my moaning about PE, if even some of this comes off the SP is going to be way north of here.
  • Plant sale money? by asif6600
    Thu, 21 May 2015 07:05:58 GMT

    Any sign of the money? Still not overcome the "administrative issue"??? Seems like a major hash to me, disgraceful!
  • Another reminder by KAMEL17
    Tue, 19 May 2015 23:43:17 GMT

    link

    Does this sound familiar re a timetable from an investment banker? Listen from 3:50 onwards, this sounded like a done deal yet we all know how the Santiago listing ended up. It's obvious that the market believes that the selection of a preferred partner in May is as realistic as Santa Claus.
  • RE: lol by Moreforus
    Tue, 19 May 2015 14:44:42 GMT

    they were all fired by Sir Alan....
  • Swooped by Rocka999
    Tue, 19 May 2015 13:29:04 GMT

    Happens a lot now, not just here, I'm sure things will reappear soon
  • lol by Swooped
    Tue, 19 May 2015 13:26:59 GMT

    what's happened to the board