AIM 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.

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: Stagnant by goodflyingduck
    Thu, 23 Oct 2014 16:35:00 GMT

    Hi TGG. IMHO there is no loss, per se, for so long as the Pesos remain as Pesos in Argentina; it's only when they are converted, as cash, to £Sterling that the loss is actually incurred. The Accounts show only a paper loss on the conversion from Pesos to £Sterling because of the need to render the Accounts in that currency.

    I wish I could remember which Property Investment Co I was looking at some time ago. Their investments and rental income were all in France/Euro & they had hedged but they took a hammering from their Bank on account of that. I'll do some research when time permits.

    And, yes, GLA ... one day ... one day ! GFD By goodflyingduck
  • Re: Stagnant by TheGreatGame
    Wed, 22 Oct 2014 21:57:00 GMT

    Hi GFD

    Presumably the company makes money from Argentina in pesos.
    However the company accounts and financials are in GBP which I guess is what they are eluding to with 'spoilt by the currency devaluation'
    If the company was hedged against this then there would be no such problem.

    Admittedly I do not know the costs but this is not an unusual thing for companies that earn money in different currencies. It makes sense.

    As for capitalising its operations in Argentina, presumably that is exactly where it would not be an issue as the company is paid in the same so no negative currency exchange effect.

    IMHO & GLA
    By TheGreatGame
  • Re: Stagnant by goodflyingduck
    Wed, 22 Oct 2014 10:34:00 GMT

    They don't come cheap and can, depending upon the vicissitudes of the currency markets, cost more than the mere margin. I've seen that with a number of companies whose income has been slaughtered by the ups & downs of Sterling's value, when the bulk of their profits are generated otherwise than in a Sterling area. It's really not an issue here, IMHO ... their operating profits are up in Argentina and it will only become an issue when/if RUR seeks to capitalise its operations there. I very much doubt that the Co will do that while there is any significant imbalance. GFD By goodflyingduck
  • Re: GFD by goodflyingduck
    Wed, 22 Oct 2014 10:27:00 GMT

    Hi & apologies for the delay. I'm thinking that it will not be long before I have the cash with which to buy more, so I'm not especially worried by the downward drift. I'm not baling out - I'm in for the long term so buying opportunities will be seized upon as and when capital allows. I think that's the best way of dealing with this one, whose future remains very bright indeed, IMHO. GFD By goodflyingduck
  • Stagnant by TheGreatGame
    Tue, 21 Oct 2014 11:47:00 GMT

    "Operationally we have had a good year in Argentina only spoilt by the currency devaluation in January. We continue to believe that the prospects for Argentina are excellent."

    As was mentioned on another website shouldn't this company hedge against currency fluctuations rather than just be at the mercy of the markets? By TheGreatGame
  • GFD by daw2905
    Mon, 06 Oct 2014 21:06:00 GMT

    Come on GFD, its time for you to stop this SP drift and have another go at chatting up Ana. By daw2905
  • Re: Have I missed by goodflyingduck
    Fri, 03 Oct 2014 20:19:00 GMT

    From the Co's website :

    Bangladesh

    Rurelec has successfully used its experience and skills in operating thermal plants in Argentina and Bolivia to sponsor projects outside of the Americas. As a result, construction of a Rurelec sponsored project of 108 MW in Chittagong in partnership with Energypac Confidence Power Ventures (ECVP) is almost complete and it is anticipated that commissioning will commence in Q4 2014.

    Rurelec is hoping to develop a follow-on CCGT project of some 400 to 500 MW in Bangladesh operating on LNG as a clone of the two LNG projects which it is now pursuing in Chile based on the original engineering and feasibility work completed by IPC.

    And here's the link :

    link

    Really hope that helps !

    GFD
    By goodflyingduck
  • Re: Have I missed by racehorse
    Fri, 03 Oct 2014 08:15:00 GMT

    I cannot see any mention of the Chillagong plant in the interim report posted on the 30/9/2014 .Is it still relevant or has It been deleted from the Rurelec portfolio? By racehorse
  • Re: Canchayllo by MrNoProfit
    Thu, 02 Oct 2014 19:41:00 GMT

    Actually I have already asked for an update on the Canchayllo plant. I don't expect a response though because it means them having to explain something that is probably uncomfortable. We'll see whether I get one or not.

    I seem to recall you bleating on about how she was ignoring you recently. What a short memory you have!



    By MrNoProfit
  • Re: Have I missed by goodflyingduck
    Thu, 02 Oct 2014 13:35:00 GMT

    No RNS on that one ... you need to visit their website www.rurelec.com. Go on their mailing list while you're there. GFD By goodflyingduck
  • Re: Have I missed by racehorse
    Thu, 02 Oct 2014 13:14:00 GMT

    Have I missed any recent updates regarding the 108mw plant at Chillagong in Bangladesh? By racehorse
  • Re: Canchayllo by goodflyingduck
    Thu, 02 Oct 2014 12:01:00 GMT

    Not scoffing. But instead of just bleating here all the while, why don't you take your complaints to the Co ? You'll find Ana equally polite and informative in the handling of your criticisms as she has been of my requests, I'm sure. Or is that just too positive an approach for you ? GFD By goodflyingduck
  • Re: Canchayllo by MrNoProfit
    Wed, 01 Oct 2014 22:20:00 GMT

    You can scoff all you like. The evidence which I quoted speaks for itself. By MrNoProfit
  • Re: Canchayllo by goodflyingduck
    Wed, 01 Oct 2014 17:24:00 GMT

    Tosh ! GFD By goodflyingduck
  • Re: Canchayllo by MrNoProfit
    Wed, 01 Oct 2014 15:35:00 GMT

    What a load of balony. When you're two weeks away from being operational on a project like this you are adding the last coat of paint and nailing the company logo to the front door. A further 4 week delay doesn't just appear from nowhere. Perhaps it is not the delay that is the real issue but the inability of the board to plan and execute a project or perhaps Mr Earl is simply being disingenuous in his updates Remember 2 weeks to Santiago back in February!

    Since when did France's weather have an impact on a project in Peru. Did you're google of Peru's weather failed to find something you could use as a retort. If the weather has that much of an impact during the latter stages (i.e. last 2 weeks) of such a project then a lot of downtime can be expected during operation due to climatic instability.

    I think perhaps it is your unfettered optimism and ramping that needs to chill.

    I'm happy to let my investment ride; which means I maintain the right to be critical where I think it is due; and once again a project has slipped beyond a timescale. Given that the plant going operational would earn the company money; delays are costing the company money.

    By MrNoProfit
  • the risks by All-is-fair
    Thu, 23 Oct 2014 11:38:08 GMT

    When you look at the finals they do hint of loans due by end of year, as the clock ticks down those loom much larger. Its quite shocking that 8 months after first mentioning these deals noth has been done yet. The geo politics just seem to get worse also. I guess that's why the sp is in the 3-4's tho. The biggest question is will rur and ipsa get thru the year? Everything just seems to get delayed and delayed and delayed etc.
  • Long term hold by tdah1986
    Wed, 22 Oct 2014 15:36:58 GMT

    To be honest I don't expect any fast action on this any time soon. The deal may go through as planned but it's probably not going to do wonders for the sp, and they are still working in an area with a high degree of political risk, and there are general macro cracks appearing that affect demand, and therefore demand for power, and therefore availability of offtake for the new ventures that they are talking about. BUT, I personally have faith in the management team, and believe they will be able to pull various strings to bring about some confidence and therefore recovery in the sp over the next couple of years - therefore I am in on a long term hold.
  • any minute now... by All-is-fair
    Wed, 22 Oct 2014 08:58:25 GMT

    The AIM long-term holders mantra
  • Swooped by jeddicat
    Tue, 21 Oct 2014 18:57:10 GMT

    Well I'm still here and I topped-up today, first and only buy of the day! Ha! Ha! I really thought we were going to continue on our upward drive today, never mind, tomorrow will do. Regards
  • RE: no one around? by Swooped
    Tue, 21 Oct 2014 18:17:01 GMT

    I'm here and not going anywhere, just waiting for the inevitable uber positive update, should be any time now really.
  • no one around? by sage
    Tue, 21 Oct 2014 12:11:34 GMT

    just wondered if anyone else had spotted the other one...zzzzz
  • anyone in here by sage
    Tue, 21 Oct 2014 11:15:42 GMT

    also in MPLE ? just wondered as there is a Peruvian/power connection .Looks like a hell of a deal going down .
  • lego by All-is-fair
    Sat, 18 Oct 2014 18:35:17 GMT

    Because I like to make money and rur is one of the companies that I research.
  • Question by bondrich
    Sat, 18 Oct 2014 13:58:12 GMT

    Did/does the company hedge against currency movements? If not why not? Thanks
  • A-i-f by legobrickgirl
    Sat, 18 Oct 2014 09:54:01 GMT

    Why would a tiny little hydro project that is overdue and over budget restore confidence? - Why would rur keep you so interested?
  • 3.5, target getting closer by All-is-fair
    Fri, 17 Oct 2014 09:00:51 GMT

    Nearly there. Half a pence more and still at least 3 or 4 weeks from an update.
  • superi by All-is-fair
    Fri, 17 Oct 2014 06:26:42 GMT

    Why would a tiny little hydro project that is overdue and over budget restore confidence?
  • November by Superinvestment
    Fri, 17 Oct 2014 00:43:45 GMT

    Quote "Rurelec's Peruvian run of river hydro subsidiary, Cascade Hydro, has completed construction of its Canchayllo project, which is expected to enter service in November." This news if true will pick the price up short term and confidence will be resorted.
  • sp predictions? by All-is-fair
    Thu, 16 Oct 2014 13:12:31 GMT

    Where will this market correction leave rur? Tough time to close deals etc.
  • Oh my god by Swooped
    Wed, 15 Oct 2014 18:25:54 GMT

    AIF, You just posted something I agree with!