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: Anyone notice by goodflyingduck
    Fri, 19 Dec 2014 09:05:00 GMT

    Thanks for taking the time to do that swooped - really appreciated. Making sense of it seems to be the trick now. We know that there aren't very many shares in free float and I'm not seeing Sterling behind any of these trades. As LB has said, Sterling is in so deep, they're bound to hold. So what's going on ?

    Doesn't this counterpoint the need for greater transparency on AIM ? I'm not being critical of the Co - their reporting obligations are stringent when it comes to notifiable interests and there's no suggestion here, on my part, of anything untoward; it's simply the case that we're left scratching our heads when the information is there ... in the Co's Statutory Registers, which are open to public inspection. Maybe there needs to be a requirement for more information on trades or maybe a change in the 5% notification limit or the reference base ?

    Just heard the BBC News about the pre-purchase of electricity by the Government. Let's get RUR generating here, says I !!!

    GFD By goodflyingduck
  • Re: Anyone notice by Leicesterboy
    Fri, 19 Dec 2014 07:52:00 GMT

    It says the last trade was at 5 pence but cannot see any trade at that figure !
    LB By Leicesterboy
  • Re: Anyone notice by swooped
    Thu, 18 Dec 2014 22:20:00 GMT

    Agree By swooped
  • Re: Anyone notice by MrNoProfit
    Thu, 18 Dec 2014 19:10:00 GMT

    More likely bed'n'SIPPs than Bed'n'ISA's as the value is too high for ISAs.

    Also doing a bed'n'sipp can release a capital gains offset benefit if the original purchase price was higher; so someone maybe trying to prempt price rises that are expected following various announcements that should be pending. By MrNoProfit
  • Re: Anyone notice by swooped
    Thu, 18 Dec 2014 18:26:00 GMT

    Hi GFD, you are right they do not fully add up, here are all the trades this month of significance

    Date Time EPIC Trade Volume Value Buy/Sell Trade Type Market Centre
    01/12/2014 10:33:35 RUR 4.85 1000000 £48,500 Unknown Ordinary trade delayed LSE
    01/12/2014 10:33:45 RUR 4.8 1000000 £48,000 Unknown Ordinary trade delayed LSE
    03/12/2014 13:51:37 RUR 4.9 2000000 £98,000 Unknown Ordinary trade delayed LSE
    03/12/2014 13:51:37 RUR 4.9 2000000 £98,000 Unknown Ordinary trade delayed LSE
    03/12/2014 13:51:51 RUR 5 2000000 £100,000 Unknown Ordinary trade delayed LSE
    03/12/2014 13:51:51 RUR 5 2000000 £100,000 Unknown Ordinary trade delayed LSE
    11/12/2014 13:27:23 RUR 4.7 3000000 £141,000 Unknown Ordinary trade delayed LSE
    11/12/2014 13:27:23 RUR 4.7 3000000 £141,000 Unknown Ordinary trade delayed LSE
    11/12/2014 13:27:46 RUR 4.55 3000000 £136,500 Unknown Ordinary trade LSE
    12/12/2014 09:22:06 RUR 4.57 3000000 £137,100 Unknown Ordinary trade LSE
    12/12/2014 09:22:20 RUR 4.7 1000000 £47,000 Unknown Ordinary trade delayed LSE
    12/12/2014 09:22:32 RUR 4.7 1000000 £47,000 Unknown Ordinary trade delayed LSE
    12/12/2014 09:22:52 RUR 4.7 1000000 £47,000 Unknown Ordinary trade delayed LSE
    17/12/2014 16:01:46 RUR 4.7 2800000 £131,600 Buy Ordinary trade LSE
    17/12/2014 16:02:57 RUR 4.6 1400000 £64,400 Unknown Ordinary trade delayed LSE
    17/12/2014 16:03:14 RUR 4.6 1400000 £64,400 Unknown Ordinary trade delayed LSE
    18/12/2014 15:44:57 RUR 4.6 1400000 £64,400 Buy Ordinary trade LSE
    By swooped
  • Re: Anyone notice by goodflyingduck
    Thu, 18 Dec 2014 17:59:00 GMT

    Hi swooped. I take your point about the closeness of the prices but wouldn't the volumes have to be the same ? So, the 3 x 1m equated to the 1 x 3m but these last two days' large trades have disparate numbers attaching.

    I'm not sure what's happening, quite frankly. I'll happily accept a bed and ISA on the 3m but a rollover on the others ? Someone please enlighten me as to how that might be ... I'm but a mere novice, you appreciate (still ploughing my way through Sam Weinstein's book - I really must stop the habit of reading before I go to sleep ! I keep having nightmares about ski-ing in the Alps ... all those graphs !!!).

    Should we expect another 1.4m to balance the 2.8m ?

    GFD By goodflyingduck
  • Re: RNS - Court approval given ! by swooped
    Thu, 18 Dec 2014 17:49:00 GMT

    Step 1, Capital reduction, ticked confirmed
    Step 2, Peru ?
    Step 3, Chile ?
    Step 4, Divi distribution ?

    And running in parallel to this...capital appreciation By swooped
  • RNS - Court approval given ! by goodflyingduck
    Thu, 18 Dec 2014 17:44:00 GMT

    Released at 17.25 today ...

    18 December 2014

    AIM: RUR

    RURELEC PLC
    ("Rurelec" or the "Company")

    Court Approves Capital Reduction

    Rurelec PLC (AIM: RUR), the AIM listed owner, operator and developer of power generation capacity internationally, announces that following a hearing held on 17 December 2014, the Companies Court of the Chancery Division of the High Courts of Justice approved the reduction of capital of the Company (the "Capital Reduction"), details of which were contained in the circular to shareholders dated 10 November 2014 (the "Circular").

    The Capital Reduction is expected to become effective on 19 December 2014.

    Next up, the first Partnership deal. Hope it's Peru !

    GFD
    By goodflyingduck
  • Re: Anyone notice by swooped
    Thu, 18 Dec 2014 16:49:00 GMT

    My guess they are either rollovers or bed and ISA's as the prices seem remarkably close to each other, what is interesting is that there is someone with a big holding that does not want to let them go! By swooped
  • Re: Anyone notice by Leicesterboy
    Thu, 18 Dec 2014 16:25:00 GMT

    Its happened again today ! 1.4 million at 4.6 pence ! No movement what is that all about, as if its a buy some one has sold !
    Any ideas anyone MNP or GFD ? Should be getting an RNS I would have thought !
    LB By Leicesterboy
  • Re: Anyone notice by MrNoProfit
    Thu, 18 Dec 2014 08:57:00 GMT

    Except there are now two 1.4m trades classed as inderterminate, so maybe not an outright buy. Which may explain the lack of share price movement. So you're right to be suspicious. Similar thing has happened before in last week or so. By MrNoProfit
  • Re: Anyone notice by goodflyingduck
    Wed, 17 Dec 2014 19:10:00 GMT

    My best guess would be that it's someone with knowledge of the Partnership deals OR one or other (if more than one) of the prospective partners themselves. Due diligence will have given them a very clear insight into the worth of this Co and if there was nothing in the contract to prevent them from using the information gleaned they would be foolhardy, IMHO, not to take a slice or two of RUR. That wouldn't offend AIM/LSE rules on insider dealing or anything of that kind PROVIDED that there's no Partnership yet in effect and that the moratorium (of which I have a vague recollection and which might impact) has expired. That alone might explain the delay in forming the Partnerships.

    All very interesting. Thanks swooped - I'd stopped looking at the Trades stats when someone made mention of rollovers and the like. But on that topic, does anyone know whether RUR shares have been "cleared" for derivative dealing ? I believe that there's a list out there .... somewhere.

    GFD By goodflyingduck
  • Re: Anyone notice by swooped
    Wed, 17 Dec 2014 19:08:00 GMT

    Shasam

    The proposals are unanimously recommended by the Board of Rurelec and, subject to receiving the requisite shareholder and High Court approvals, it is currently anticipated that Capital Reduction will be effective on or around 19 December 2014. By swooped
  • Re: Anyone notice by Shasam
    Wed, 17 Dec 2014 17:48:00 GMT

    Well spotted Swooped.

    Since today was the day they expected the High Court to approve the Capital Reduction, I guess that must have taken place. No doubt we can expect an RNS now.

    Whoever spent the £131k must be aware it has happened and is expecting an early bonus for Christmas!!! I would like one too!!

    Sam By Shasam
  • Anyone notice by swooped
    Wed, 17 Dec 2014 17:21:00 GMT

    The sneaky 2.8 million share buy near the end of the day, a leak perhaps as regards the partnership deals? whatever the reason that's a lot of cash for a punt and no other trade, so not a roll-over just an outright large buy, suspicious I am but for good reason in aim particularly as buys like that just do not occur in Rurelec without a reason. By swooped
  • I wonder...... by jeddicat
    Sat, 20 Dec 2014 10:09:42 GMT

    Yes, I agree swoop, RNS's on Mondays are not common, but we did one on a Monday with the one before last. After all they have a whole lot of good news to tell us! Millions of shares have been bought over the last week or two, nearly 20 x million I think, and the SP has not moved, maybe they are doing a re-rate? Regards
  • I wonder if it can be called by Swooped
    Fri, 19 Dec 2014 18:30:47 GMT

    Monday RNS? certainly about time for an announcement.
  • rocka999 by jeddicat
    Fri, 19 Dec 2014 17:37:11 GMT

    Yes! 1603hrs on 17/12 Regards
  • Trades by Rocka999
    Fri, 19 Dec 2014 17:33:13 GMT

    That last order took some filling by the looks of it or has it been reported late !
  • swooped by jeddicat
    Fri, 19 Dec 2014 10:28:30 GMT

    "Don't worry swoop"!! Ha! Ha! Ha! Enough to make one feel very I'll!
  • dont worry swooped by All-is-fair
    Fri, 19 Dec 2014 09:24:35 GMT

    Once we know whats going on with this ipsa loan then the unknowns will largely be gone. Then you can calm down a bit hopefully. Dont let your emotions overtake you is my advice, critical next few days and it really could go either way. Although I think Peter can nip anything bad in the bud with his joker in his back pocket i.e. canchallyo go-live. Not long now, sit tight and stay as calm as you can.
  • Boring............. by Swooped
    Fri, 19 Dec 2014 09:17:22 GMT

    nm
  • no spike expected? by All-is-fair
    Fri, 19 Dec 2014 09:01:07 GMT

    Really? I would wager that many of us short term traders were looking to see if there would be one. That would indicate that maybe ipsa had got a loan. We all know you are a long term holder, that you only believe the sp will go up ( despite it tanking over 75 percent in the year) and that you totally and utterly believe in rur despite them burning millions and millions of shareholders money....you know, the more I write it the more I think that its you that probably needs testing haha
  • RE: key day today by Swooped
    Fri, 19 Dec 2014 08:51:57 GMT

    "No spike this morning, not surprising." so you automatically agree with yourself that no spike meant waiting for ipsa interims, you really are full of yourself you should have yourself tested for NPD.... But in the meantime let me answer that for you, there was no spike this morning as no spike was expected, period.
  • key day today by All-is-fair
    Fri, 19 Dec 2014 08:33:38 GMT

    I guess Im not the only one waiting to see the ipsa interims with the current spread, bid 4.25 and ask 4.75. No spike this morning, not surprising.
  • for someone... by All-is-fair
    Fri, 19 Dec 2014 08:23:53 GMT

    ...that constantly whinges about post repetition you seem to force me to constantly repeat myself to get my point across.
  • poised to buy if... by All-is-fair
    Fri, 19 Dec 2014 08:12:24 GMT

    I wouldnt buy now, not a chance.
  • HaHa by Swooped
    Fri, 19 Dec 2014 08:10:18 GMT

    ROFL, that really got me AIF "Im poised waiting to buy" yet yesterday it was "Lol, what idiot would buy 2.8 mil of this turkey at a time like now haha!". You're as transparent as wet toilet paper.
  • trade with your head... by All-is-fair
    Fri, 19 Dec 2014 07:43:03 GMT

    ...not your heart is my advice. Im poised waiting to buy if ipsa can get a loan. I see this share premium reduction as benefitting in 2016. Rur has a 3.2 mil turbine bill to pay this year amongst other things. 2015 is for capital growth...if...rur and ipsa can refinance. Its nearly 2015 and there are no deals signed yet not to mention liquidity issues hitting EMs etc. Still way more headwinds than tailwinds.
  • seriously.... by All-is-fair
    Fri, 19 Dec 2014 07:25:58 GMT

    You sweated all day? Arent you guys becoming a little bit obsessed?