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: 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
  • Re: market madness by goodflyingduck
    Fri, 10 Apr 2015 09:36:00 GMT

    Likewise LB - my first alert, too. At least they seem to have got that sorted ! Pablo is a bit of a mystery man; for as much as I spent quite a bit of time trying to research him last night, I couldn't be sure that all the Google entries were attributable to our man. What certainly fit his profile was a "Atlas Shrugged" style paper eschewing state control over the oil supplies/market in Venezuela whence he appears to emanate. So, it's possible that his interest in RUR dates back to the Bolivian seizure of our assets there. Either way, he's holding a chunk of RUR shares and we can only hope that his expertise in the energy sector will help to reverse RUR's fortunes. An Mcap of £21.75m for RUR is insanely low. The sp should be in double figures. It's merely News management that's letting RUR down. I sincerely hope they get that under control. We have a stream of good news pending and, managed properly, it will serve to bring the sp back up to a sustained higher level - much higher than it is now. Our sp ought to be in double figures. Let's hope that there's more to Pablo than just his oil industry expertise which will, undoubtedly, enhance IPC's profits. GFD By goodflyingduck
  • Re: market madness by Leicesterboy
    Fri, 10 Apr 2015 05:45:00 GMT

    I did get the RNS on the non exec, that is the first one I have received since the debacle with Bolivia or a or a friend of mine calls Balavia ! Slightly dyslexic ! It is a ridiculous price, but as yet we have not seen the Cash from the Sale of the Project, ho hum, but presumably it will arrive its just time ! As for the Non Exec he is obviously in a good position to boost IPC, which contributed £2 million in Profit last year, so its sounds like great things are happening there as well !
    LB By Leicesterboy
  • Re: market madness by goodflyingduck
    Thu, 09 Apr 2015 15:56:00 GMT

    You're absolutely right h&n but it's the same old story of news flow and management that's letting RUR down. Hopefully the next RNS will see the sp making a good recovery; there's lots of news to come here and (at the risk of repeating myself) it needs to be fed-up to the market in bite-size chunks, at well spaced intervals, in order for the sp to get back where once it was and where it still belongs. GFD By goodflyingduck
  • market madness by here and now
    Thu, 09 Apr 2015 10:33:00 GMT

    so under valued……..look at the assets, the asset sales, the cash coming in and the current market cap…nuts By here and now
  • Last Tuesday saw a drop in the ... by goodflyingduck
    Sat, 21 Mar 2015 09:44:00 GMT

    ... spread and, with that, the sp. On that day, it was reported that 187,714 shares had been sold and 133,500 bought. There is now showing on the LSE trades for Friday (yesterday) a correcting entry of 100K Buys to cancel out 100K of Sells on Tuesday. So, the actual figures for Tuesday were 87,714 Sells, 133,500 Buys - not warranting any drop. Might "mm" stand for "mischief maker" ??? GFD By goodflyingduck
  • Re: ENAP tender? by goodflyingduck
    Wed, 04 Mar 2015 17:48:00 GMT

    Hmmm ... wonder if it's this - a 165MW plant supplying 50MW to ENP's refinery and 115MW to the grid -

    link

    Happily, that's all in English so it won't tax the old brain cells !

    Or am I completely misunderstanding the import of the two translated items, swooped ?

    GFD By goodflyingduck
  • Re: ENAP tender? by swooped
    Wed, 04 Mar 2015 15:08:00 GMT

    And here

    link

    ENAP seeks partners to receive offers from generation

    Wednesday, March 4, 2015
    Economy and Business

    In the coming days, Asset Chile initiated the call for interested investors to be partners Enap in power generation projects that contemplates its investment portfolio. Sources say that Exxon figure among stakeholders, Samsung, Mitsui and Rurelec.

    In Enap and defined the different bargaining agreements for each project proposal resulting from management of Gas and Energy, and seeks to meet deadlines and get favorable terms for the state. In late March the progress will be reported.

    So it seems another possible project is being revealed... all the ducks etc. By swooped
  • ENAP tender? by swooped
    Wed, 04 Mar 2015 14:07:00 GMT

    Make of this what you will, not the best translation but extremely positive if Rurelec have qualified for this new power plant tender. It is surely a measure of the progress Rurelec are making in Chile and in being featured alongside such companies as Samsung etc.

    link

    ENAP seeks partners to receive offers from generation

    In the coming days, Asset Chile initiated the call for interested investors to be partners Enap in power generation projects that contemplates its investment portfolio. Sources say that Exxon figure among stakeholders, Samsung, Mitsui and Rurelec.

    In Enap and defined the different bargaining agreements for each project proposal resulting from management of Gas and Energy, and seeks to meet deadlines and get favorable terms for the state. In late March the progress will be reported. By swooped
  • Wee Admin problem by spindok
    Fri, 24 Apr 2015 15:07:01 GMT

    One month now blown away. More interest payments on loan.. More like a large B@llock me thinks..
  • gerhart by jeddicat
    Fri, 24 Apr 2015 08:53:51 GMT

    Or maybe, is anyone working at Rurelec?
  • April Fools by Gerhart
    Fri, 24 Apr 2015 08:08:54 GMT

    Well on 1st April - April Fool's day, the Co said: "...the funds are due, and are expected shortly, but have been subject to administrative delays in the release of funds." But are they not really taking us for "fools" now, over three weeks later? Come onnnnn! show us the Co is still alive and someone is working to get the SP up!
  • RE: News imminent ? by Swooped
    Thu, 23 Apr 2015 17:09:39 GMT

    GFD, I Couldn't agree more, Rurelec need to think about supporting their shareholders more and take a more proactive stance to news flow and shareholder return, they seem unable to manage expectation. We have gone from overly bullish to never hitting ANY deadline or anything of substance coming to fruition, to now what seems like a fear of communicating anything due to I suspect so much being outside of their control when dealing with the big boys in Latin America, a place where mañana seems to be the pace of things. I would suggest they take a leaf out of Philip Manduca's book who came on board with Paragon, maintained heavy marketing, openess to shareholders, excellent communication and encouraged the managemnet to invest so they have skin in the game, he basically did what he said he would do when he said he would do it. On that basis the share price doubled in quick time. I have absolutely no doubt that we will have some excellent news flow in due course, and the share price will respond accordingly, however without sustaining it the price soon drops back, the company needs to keep up the momentum so investors realise that Rurelec is a place to 'invest' not to 'trade'. I have been here, faithful and supportive for a long time and wish to continue to be and watch Rurelec grow and return to dividend, but without seeing a change to how the comapny markets itself what will stop the pump and dump. For instance, we now have a powerful friend in a powerful company (Ana at Capital MSL) when are we going to start using that relationship we seem to have little to promte ourselves, Rurelec has some great skilled technicians and insightful managemnt, why do we not hear of the projects they are working on, or the work that IPC is doing in Africa IPC is afterall now Rurelec. So much good news in the background but only in the background, come on Peter, lets get the good news out there and show the markets how good Rurelec can be.
  • RE: News imminent ? by goodflyingduck
    Thu, 23 Apr 2015 16:30:32 GMT

    I certainly hope not Kamel. There's so much positive news to come out, it would be a pity were it all to be squandered on just one RNS. Far better, IMHO, to release on the drip so the market can absorb and evaluate each snippet. In that way and, perhaps, only in that way will we see sustained increases in the sp. Nice bite-sized chunks, please, PE. GFD
  • Per RNS dated 2nd March by KAMEL17
    Thu, 23 Apr 2015 15:39:30 GMT

    "Participants in this formal Rurelec partner selection process include large regional electricity utilities, private equity funds and Asian multinationals. Selection of a preferred partner is due to occur by May 2015." The Proinversion tenders and the statement above were probably the most important part of the RNS. Unless there is the now almost expected delay this is only a matter of a month away now.
  • RE: News imminent ? by KAMEL17
    Thu, 23 Apr 2015 15:22:16 GMT

    As indeed we all do. One just wonders if all of the potential news is going to wrapped up in one single RNS.
  • News imminent ? by goodflyingduck
    Thu, 23 Apr 2015 12:01:05 GMT

    The spread has just been reduced (with an increase in the Bid) to 3.75 - 4.00 just as swiftly and as arbitrarily as it has been increased (with a reduction in the Ask), on occasion, in the past. Maybe THE News is imminent ? I do hope so !!! GFD
  • Extract fron Vitol piece in FT by KAMEL17
    Wed, 22 Apr 2015 00:37:11 GMT

    Although the lower oil price environment has spurred chatter about opportunistic mergers and acquisitions, Mr Taylor, said there are no assets that are “poorly priced”. “There is so much money in the hands of people willing to invest in the energy space” such as private equity groups. “We’re not seeing any golden nuggets,” he added.
  • 3.9p by KAMEL17
    Tue, 21 Apr 2015 08:53:30 GMT

    Seems like a fair entry point though. I' ve just added a little too. GL Jeddicat - you must have accumulated quite a few shares here as you've added a fair few times.
  • seriously though by KAMEL17
    Mon, 20 Apr 2015 22:12:21 GMT

    You got to buy at 3.9p when it was 4.1p only a week ago, with no news in the intervening period, and you are still whingeing.
  • RE: SP by KAMEL17
    Mon, 20 Apr 2015 22:04:34 GMT

    Are you the guy in the pub that can recite all of the serial numbers from the trains that passed that day?
  • SP by jeddicat
    Mon, 20 Apr 2015 17:51:01 GMT

    I was not around to see today's ridiculous DROP of -0.125p, again! Out of the blue, no news, etc, etc. Anyway, it will all come back, and soon too. 160,000 Buys (Including my top-up! 34,028 Sell's! Pathetic!
  • IPSA .... by goodflyingduck
    Fri, 17 Apr 2015 16:11:42 GMT

    ... seems to have finally disposed of its long-running litigation so, hopefully, that will give PE a little more time to devote to RUR. There were a few relatively big buys today, so maybe confidence is beginning to return. It would be nice to know when Pablo acquired his shares; his £0.5m stake is referable to a sp of 4p or thereabouts - it might be a lot higher ! Still, his confidence must surely add weight to our expectations of good things to come. GFD
  • RE: Payment by KAMEL17
    Fri, 17 Apr 2015 11:05:52 GMT

    The fact that there are folks heading for the exit may be an opportunity to increase one's holdings at a lower entry point. The fact though is that there is an element of déjà vu here and it is very hard not to be critical of the Company. If you have been around long enough - you'll have a knowledge bank of investments that promised much and delivered little. The truth of the matter here is that PI's will desert this in droves if there is no meaningful and delivered news this year. The ongoing promise of beauty parades, strategic partnerships, profitable asset sales and further funding will count for nothing if they are simply a "wishlist" that never actually materialises. Unfortunately too, the announcements of any progress will be disbelieved by many until the company lodges funds in the bank. This is regrettable and will drag the price down until there is genuine belief that deadlines stated in RNS's are both realistically deliverable and likely to be accurate.