Rurelec Price

1.00p*

RUR is Trading:

below the 50 day moving average and below the 200 day moving average on below average volume.


* price as at 4:30pm GMT
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Rurelec 3 Month Chart Chart from Trading View


Rurelec RNS, News & Media Rurelec RNS, News & Media from Proactive Investors Rurelec RNS, News & Media from BRR Media


Headline
13 Apr 2016
RNS press release - Short Term Loan Facility and Trading Update from Proactive Investors
18 Feb 2016
RNS press release - New Short Term Loan Facility from Proactive Investors
5 Feb 2016
RNS press release - Change of Registered Office from Proactive Investors
23 Dec 2015
RNS press release - Extension of Short Term Loan Facility from Proactive Investors
14 Dec 2015
RNS press release - Directorate Change from Proactive Investors
24 Nov 2015
RNS press release - Change of Registered Office from Proactive Investors
13 Nov 2015
News - Rurelec launches £3.5mln open offer from Proactive Investors
13 Nov 2015
RNS press release - Proposed Open Offer from Proactive Investors
6 Nov 2015
RNS press release - Short Term Loan Facility from Proactive Investors
30 Oct 2015
RNS press release - Short Term Loan Facility from Proactive Investors
20 Oct 2015
RNS press release - Notification re Sterling Trust Limited from Proactive Investors
13 Oct 2015
RNS press release - Directorate Change from Proactive Investors
13 Oct 2015
RNS press release - Directorate Change from Proactive Investors
7 Oct 2015
RNS press release - Update re Appointment of Directors from Proactive Investors
30 Sep 2015
News - Rurelec confident of raising funds as it reviews assets from Proactive Investors
30 Sep 2015
RNS press release - Interim Results from Proactive Investors
26 Aug 2015
RNS press release - Change of Registered Office from Proactive Investors
17 Aug 2015
RNS press release - Repayment of Loan Facility from Proactive Investors
23 Jul 2015
RNS press release - Update re Appointment of Directors from Proactive Investors
20 Jul 2015
RNS press release - Appointment of Directors from Proactive Investors
17 Jul 2015
News - Rurelec completes sale of Canchayllo hydropower plant from Proactive Investors
17 Jul 2015
RNS press release - Sale of Hydro from Proactive Investors
15 Jul 2015
News - Rurelec shares fall as bridging facility is suspended from Proactive Investors
15 Jul 2015
RNS press release - Short Term Loan Facility from Proactive Investors
14 Jul 2015
RNS press release - Result of AGM from Proactive Investors
22 Jun 2015
RNS press release - Notice of AGM from Proactive Investors
19 Jun 2015
RNS press release - Replacement: Spin-out of subsidiary from Rurelec from Proactive Investors
19 Jun 2015
News - Rurelec's chief executive to depart with consultancy business from Proactive Investors
19 Jun 2015
RNS press release - Separation of subsidiary from Rurelec PLC from Proactive Investors
19 Jun 2015
RNS press release - Directorate Change from Proactive Investors
19 Jun 2015
RNS press release - Final Results from Proactive Investors
19 Jun 2015
RNS press release - Further re: Short Term Loan Facility from Proactive Investors
12 May 2015
RNS press release - Extension of Radix Facility Agreement from Proactive Investors
12 May 2015
RNS press release - Extension of Radix Facility Agreement from Proactive Investors
9 Apr 2015
News - Rurelec adds Latin American and West African oil specialist to board from Proactive Investors
9 Apr 2015
RNS press release - Directorate Change from Proactive Investors
1 Apr 2015
News - Rurelec still waiting on proceeds from Canchayllo plant sale from Proactive Investors
1 Apr 2015
RNS press release - Re: Sale of Canchayllo Hydroelectric Plant from Proactive Investors
2 Mar 2015
News - Rurelec cuts debt as power project partnerships are signed from Proactive Investors
2 Mar 2015
RNS press release - Trading Update on Peru, Chile and Argentina from Proactive Investors
2 Feb 2015
RNS press release - Futher re: Short Term Loan Facility from Proactive Investors
6 Jan 2015
RNS press release - Directors Dealing from Proactive Investors
2 Jan 2015
News - UPDATE - Rurelec hydro-power business sees key commercial milestone from Proactive Investors
2 Jan 2015
RNS press release - Commercial operation of Canchayllo achieved from Proactive Investors
24 Dec 2014
News - Rurelec agrees short term loan as partnering talks continue from Proactive Investors
24 Dec 2014
RNS press release - Short Term Loan Facility from Proactive Investors
18 Dec 2014
RNS press release - Court Approves Capital Reduction from Proactive Investors
12 Dec 2014
RNS press release - Change of Adviser from Proactive Investors
2 Dec 2014
News - Rurelec boosted as Peru hydro power plant hooked up from Proactive Investors

Rurelec Discussion on Interactive Investor

Re: New Loan by TheGreatGame

  Fri, 19 Feb 2016 16:33:00 GMT

Best to post on all the shares boards to see if there are enough PIs with large holdings.
I can see many are pretty angry at how we have been and are being treated.
RUR has just been a vehicle for PE to obtain assets for nothing.
Should be reported and investigated.


By TheGreatGame


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IPSA by scotguyinsuffolk

  Thu, 18 Feb 2016 16:12:00 GMT

Just read the most recent RNS from IPSA

' IPSA would be regarded as an AIM rule 15 cash she'll and would be required to make an acquisition ...Mmm... within 6 months ?

Is that why our sp is being kept down ?


By scotguyinsuffolk


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New Loan by scotguyinsuffolk

  Thu, 18 Feb 2016 15:43:00 GMT

I am baffled ...

How does a company which is wholly owned by another company in liquidation find GBP 850,000 to lend out to anyone ?
And now this company is holding a debenture over all of Rurelec's assets !
( Radix has undertaken to release its debenture over all of Rurelec's assets in favour of BPAC)
This all seems fraught with danger to me !
But , in any case , why is in necessary ?

Exchange controls have been relaxed for well over 2 months now and yet...I quote..the directors are exploring how best to arrange for the company to benefit from CASH generated by the asset in Argentina ! At least we now have confirmation that Eds is generating cash !
Shareholders deserve a fuller explanation as to why there seems to be some impediment to funds returning to Rurelec.

Are there any shareholders willing to collaborate and call a general meeting...we need 5%


By scotguyinsuffolk


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Re: Lack of information by scotguyinsuffolk

  Sun, 07 Feb 2016 15:02:00 GMT

Broom fielder....Glad to see at least a comment on this board.

I am completely amazed by the lack of any news coming from Rurelec. It is a PUBLIC company after all !

I have seen active discussions on LSE and perhaps those involved have some decent holdings like myself , so it is reasonable to adopt a common approach imho. I would be very interested to hear from them.

Suffolkscot


By scotguyinsuffolk


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Re: Lack of information by broomfielder

  Sun, 07 Feb 2016 10:19:00 GMT

SGIS - Forever the problem for PI's is as you say finding ways in which we can get answers to even the most basic and fundamental questions.

My shareholding in RUR was never large and would I'm afraid now be negligible for your purpose here (having sold most at a loss etc) although I agree there must be merit in coordinating a common approach for the still many PI's involved here.

In many of my other AIM holdings I have managed to have either a meeting with or telephone discussions with CEOs or CFOs which has helped considerably. I appreciate that in Companies where they are not so 'approachable' leaves fewer alternatives. Your suggestion certainly has merit.

Perhaps some of the more active participants on other BB's could also be canvassed particularly as they allude to some fairly chunky shareholdings.

B


By broomfielder


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Lack of information by scotguyinsuffolk

  Tue, 02 Feb 2016 18:02:00 GMT

Hi, guys

Plenty of speculation on other discussion boards about the obvious lack of information forthcoming from either the company or the nomad.

If PI's can force a general meeting with 5% of the shares we will need about 28 million.

There is a great deal of potential here and yet the current BOD is sleeping.

Anyone else feel as I do ? Shareholder action group ???


By scotguyinsuffolk


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Still a punt but perhaps now some cause for hope by broomfielder

  Wed, 20 Jan 2016 11:49:00 GMT

That's my view anyway.

Improvements politically within Argentina post election are the main reasons for optimism as this is effectively providing the keys to freeing up capital movements, improvements to Exchange controls/risk which all combine to create a climate which hopefully may encourage inward investment interest again as well as greatly improving the Country's own economy.

Long way to go on these matters but I agree, the signs are encouraging.

These events also provide something of a welcome tailwind to the Administrators of RUR's majority shareholder, Sterling Trust. What previously was an extremely tall order, the disposal of its shareholding in RUR now moves toward the 'likely' category although the price per share achieved at least for us PI's is anyone's guess. Yes there are views on 4p per share or more but they like so much assume rather a lot of politics also fall into place rather neatly.

So in the vacuum that we PI's continue to operate, there are certainly encouraging signs but we are a long way off recouping past share values despite recent increases in SP. Investment in RUR now IMHO continues to represent little more than a gamble given the ongoing lack of official comment/detail etc from the Company. Hope is welcome but hardly the basis of investment decisions.

Comments by a couple of contributors to other BB's have come close to hysteria but most existingHolders will be waiting for events to prove receipt of funds/loan repayments etc due to RUR before getting really interested. Even after that the disposal of ST's shareholding is also a very significant event for our Company's future and longer term clarity

After the Bolivian settlement debacle I'm sure it will take a lot of progress before existing shareholders let themselves get excited about RUR again.

However at least there is now a welcome glimmer of hope.

B


By broomfielder


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Share Price by broomfielder

  Mon, 07 Dec 2015 23:33:00 GMT

A substantial increase in SP (at least in % terms) today is always welcome driven no doubt by games being played which us PI's (uninformed PI's at that) can only guess at.

There is currently a lack of liquidity in Rur's shares no doubt amplifying price movements and whilst considerable excitement appears to have been generated by Argentina's recent electoral change, we have more than a few hurdles to clear before we can move the SP anywhere near to the written down NAV.

As always cash is king, and here we have a ticking clock in the former of our short term facility from Radix due to expire at the end of this month. It's already expensively priced so I'm sure the possibility of default would introduce fees/penalties sufficient to choke the proverbial horse.

We need some news and we need it quickly - it's quite one thing to be more positive on prospects in Argentina etc but we need 'movement' in asset sales / JV discussions etc in the short term as Radix have security which they could realise / assign etc.

B


By broomfielder


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Shares by scotguyinsuffolk

  Wed, 02 Dec 2015 12:37:00 GMT

And how could he do that without cash ? And why ? He doesn't want to take over Rurelec ..he has enough on his plate to sort out Sterling Investments !
He had no alternative proposals at the GM . It may be possible that others are building a stake in preparation for a takeover proposal.


By scotguyinsuffolk


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Re: Demand for shares by NicholasNameless

  Wed, 02 Dec 2015 11:49:00 GMT

Perhaps the Adminstrator is buying in the market. ;-)

By NicholasNameless


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Demand for shares by scotguyinsuffolk

  Tue, 01 Dec 2015 14:26:00 GMT

Strange situation .... iii offer to buy 200,000 at 0.70 but can't fulfill the reverse ...shortage of shares ?

By scotguyinsuffolk


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Re: Shareholders meeting by NicholasNameless

  Tue, 01 Dec 2015 03:05:00 GMT

Sterling: "I presume it doesn't have cash to satisfy creditors ...hence administration"
The last set of accounts were heavily qualified by the auditors.

This outcome is concerning. Pointless to table an Open Offer without the Administrator on board.


By NicholasNameless


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Re: Shareholders meeting by broomfielder

  Mon, 30 Nov 2015 18:51:00 GMT

Appreciate your feedback from the GM scotsguy and thanks for sharing your views.

Given the size of Sterling Trust's shareholding in Rur, the actions of it's Administrator was always going to be pivotal to any attempts to restructure Rur's capital.

Given how matters appear to have evolved, perhaps now we can have the 'horse trade' that both parties might just benefit from.

B


By broomfielder


flourish

Shareholders meeting by scotguyinsuffolk

  Mon, 30 Nov 2015 18:31:00 GMT

Perhaps I should elaborate further re Sterlings position.

Currently majority shareholder in a business that needs a decent amount of cash.

I presume it doesn't have cash to satisfy creditors ...hence administration

Totally understand wishing to preserve their shareholding but they have not made any proposal concerning the need for cash and I expect they are incapable of any assistance whatsoever.

Other shareholders could have come to the rescue . This often happens in startups where the company finds it takes longer to get established , runs short of cash and needs a white knight. The early shareholders need to swallow the bitter pill of dilution !

Sterling ( in admin) could have allowed other shareholders to rescue the company.

Let's see what happens now !


By scotguyinsuffolk


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Shareholders meeting by scotguyinsuffolk

  Mon, 30 Nov 2015 18:00:00 GMT

Whilst I totally agree that the BOD should have sounded out Sterlings administrator before the meeting it would seem that any contact or negotiation prior to the meeting could be construed as preferential treatment and was advised against by the Nomad.
However I must say that I was totally amazed by the behaviour of Sterlings administrator at the meeting. He proposed a 14 day postponement which was rejected. He had been appointed as administrator in October and received the offer documents along with everyone else. As adminstrator he should be concerned with obtaining value from Sterlings assets - nothing else. He is aware of the need for cash. and yet he left the meeting without putting forward any alternative proposal and without even speaking to the BOD !
The OO would have funded the business and paved the way for the future. Now we could be faced with a low ball offer from goodness knows who ? And if there is any whiff of Sterlings people being remotely involved I fear litigation will follow .


By scotguyinsuffolk