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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  • MISCHIEF MAKING by goodflyingduck
    Thu, 29 Jan 2015 11:16:00 GMT

    Still can't get into Level 2 on iii (beware if you're running on Windows 8.1 - Java 8 Update 31 creates havoc !) but have been able to review Tuesday's trades. There really is something very odd (apart from my Buy of 140K at 3.44p being shown as a Sell). On a spread of 3.25 - 3.5, there were four consecutive 100K trades in the space of less than a minute and in pairs - 3.35 followed by 3.325. I think that was shares being placed in an ISA. Then, 45 minutes later, we get another four consecutive 100K trades (again in the space of less than a minute) each at 3.375 on a spread of 3.25 - 3.75. Clearly, it makes no sense for the spread on Buy to have increased to 3.75 if those first four 100K trades had been Sells but nor does it make sense for the second lot of four 100K trades at 3.375 to be anything other than Buys (following the earlier 3.35/3.325 trades).
    This really does need to be investigated by someone ... who ? GFD By goodflyingduck
  • HELP ! by goodflyingduck
    Wed, 28 Jan 2015 15:34:00 GMT

    Will someone with access to Level 2 please take a snapshot of yesterday's trades, with particular reference to the 100K deals - I'm unable to access Level 2 since updating Java yesterday evening .... I'm running on Windows 8.1 and the new security settings in the Java update (8.31) have created havoc with my laptop's ability to run Quotestream even though I've added iii login level 2 and the two Quotestream URLs (.com and .jar) to the security exceptions list in Java. Please post the "image" on this BB or LSE's RUR BB.

    Many thanks.

    GFD By goodflyingduck
  • Re: I wonder who the seller is ? by MrNoProfit
    Wed, 28 Jan 2015 09:05:00 GMT

    Someone on LSE claims to be the seller of 1m shares in order to put the money into another company. Whether that is right or not who knows.
    By MrNoProfit
  • Re: I wonder who the seller is ? by Leicesterboy
    Wed, 28 Jan 2015 08:04:00 GMT

    Ah Mr NP he may have missed the boat in 30 days time, I am more of the feeling that he has a Tax bill to settle by 31st January simple as that !
    LB By Leicesterboy
  • Re: I wonder who the seller is ? by Leicesterboy
    Tue, 27 Jan 2015 21:00:00 GMT

    Dear GFD, PE always comes over very good, some of what has gone on in the past has been out of his control, also the lawyer re the dispute with Bolivia, from experience always give the positives ++++++ as they are being paid ! The only ones that win in litigation usually are the lawyers ! I trust him and believe him, still think its a Tax problem re the Sales !
    It will all be dealt with by 31st March !
    LB By Leicesterboy
  • Re: I wonder who the seller is ? by MrNoProfit
    Tue, 27 Jan 2015 18:54:00 GMT

    Assuming all the 100k trades are all sales and there are 10 of them; at the indicated prices that is around £35k which is peanuts in the scale of a company that has a market capitalisation of £19M+ and over 560m shares in issue. Why would they ask the NOMAD to investigate?

    My guess would be that someone is selling down to claim back against a capital gains tax and in 30 days time, if the price hasn't moved (or more likely drifted down slightly) they will buy back in. (Section 104 rules).

    We already know from a previous RNS that the company is likely to make announcements towards the end of Q1, so now is probably the latest they are prepare to sell from whilst retaining the likely hood they can buy back in low to make back previous losses if/when good news does come.

    By MrNoProfit
  • Re: I wonder who the seller is ? by goodflyingduck
    Tue, 27 Jan 2015 18:43:00 GMT

    TGG I'm confident that we'll get the partnership deals sorted and at a price that reflects the full value of the assets. Meanwhile, we will settle-up with IPSA and increase generation in Argentina. And that's while other projects in Chile are streaming.

    The terms of the Radix facility (at just 6% pa interest & 7.3p Warrants) demonstrate that, whatever pi shareholder sentiment might be, those with access to RUR's books are positive about the Co's future. We must, in that regard, assume due diligence on the part of Radix and take succour from that deal.

    I've increased my stake because I believe that RUR has been undervalued for way too long. IMHO that will be borne-out by the terms of the partnership deal(s) in Chile and Peru. And, as I posted earlier, there'll not, in future, be any projections made by the Co for anything that they can't deliver - that goes for recent RNS's, too.

    Anyone here who is sceptical need only talk with PE whom I regard as a man of integrity, drive and ambition. I certainly gained no sense of his having thrown in the towel on account of the Bolivian's scandalous conduct, as some lesser men might have done. He's on the ball and fully engaged.

    I hope that today's manipulation of the sp marks the end of what has been a bad period for RUR, in terms of its sp. As News begins to flow, we should start to see some consistent improvement in the sp and if the terms of the partnership deals are as good as I hope and expect, perhaps a re-rating. And, surely, a Dividend payment ?

    GFD By goodflyingduck
  • Re: I wonder who the seller is ? by TheGreatGame
    Tue, 27 Jan 2015 14:51:00 GMT

    Yes I agree there is something 'not quite right'
    But I have been thinking that for a while.
    Not really sure why you all seem so optimistic about Rurelec as I have not seen much to write home about.

    Anyway, good luck all By TheGreatGame
  • Re: I wonder who the seller is ? by goodflyingduck
    Tue, 27 Jan 2015 14:31:00 GMT

    There's something not quite right on the trades at Level 2. It looks like a double cross-over (like an ISA transfer) but the 100K trades were outside of the Buy/Sell parameters.

    I've spoken with PE on the 'phone. They're in contact with the NOMAD trying to get to the bottom of those 100K trades. Meanwhile, iii ain't helping matters by showing Buys as Sells (what's new ?).

    I've raided the kids' piggy bank and bought just shy of another 150K. I'm heartened by my discussion with PE although he could not give me any "market sensitive" information. Neither the BoD nor PE will put out any RNS which is in the least speculative on timescales because of the criticism that has been levelled at them in the past for failing to achieve their ambitions on time. The net result of that is that they only post timescales that are guaranteed. All RNS's should be read with that in mind.

    I'm seeing this as something akin to a technical hitch and it's for that reason that I've bought more.

    PE very affable - it was a pleasure to have spoken with him.

    GFD Breaking my New Year's Resolution and posting a Strong Buy for the reasons enunciated above.

    By goodflyingduck
  • Re: I wonder who the seller is ? by Leicesterboy
    Tue, 27 Jan 2015 14:16:00 GMT

    It is exactly 1 million maybe he needs the dosh for his Tax due 31st January ?
    Very relevant this time of year !
    LB By Leicesterboy
  • Re: I wonder who the seller is ? by goodflyingduck
    Tue, 27 Jan 2015 11:08:00 GMT

    Cripes ! That was a blow - I held the message window open to post my last message, went away to attend to other online business, came back, posted the message and discovered that, very probably, the large buyer has sold-up causing the sp to drop by 10% !!! If only his/her large purchases had increased the sp by 10% !

    This is crazy. Way oversold.

    GFD By goodflyingduck
  • Re: Message sent ... by goodflyingduck
    Tue, 27 Jan 2015 11:01:00 GMT

    I suspect we're all in the same boat jeffo but we must take heart from the fact that the large buyer is holding as is Sterling - the volumes bear this out. It is painful though.

    GLA. GFD By goodflyingduck
  • I wonder who the seller is ? by Leicesterboy
    Tue, 27 Jan 2015 10:43:00 GMT

    All very strange that we are very close to what we have been led to believe is big news and we are slowly disappearing into oblivion ! Now worth about £18 million !
    LB By Leicesterboy
  • Re: Message sent ... by Leicesterboy
    Mon, 26 Jan 2015 21:35:00 GMT

    Stick with it we will get there in the end Sterling own over 50% of RUR and they paid an average of over 9 pence ! Watch this space !
    LB By Leicesterboy
  • Re: Message sent ... by jeffo_b
    Mon, 26 Jan 2015 17:36:00 GMT

    The slow drift on the SP as we wait on news is tough. I know its off low vols, but is making my overall portfolio look a bit sick.

    Think I might just put some price alerts on and ignore for a bit!

    Still holding firm.

    Jeffo By jeffo_b
  • RE: kamel by KAMEL17
    Thu, 29 Jan 2015 18:54:13 GMT

    I'm not. I shall console myself with the fact that I could have been an ill-educated dunce who thinks dont is a word. By the way how is the consultancy going? I can only imagine there is a stream of customers for thoroughly arrogant 'know it alls' who have no manners, fewer brains, an inability to construct a sentence and delusional tendencies. There is nothing in anything that you have said or done that would persuade me that you would even be capable of being employed to butter the rolls in your local Greggs. But hey ho, keep up the posting of the daily dribble if that keeps you occupied.
  • kamel by All-is-fair
    Thu, 29 Jan 2015 14:57:00 GMT

    Dont be so hard on yourself.
  • RE: 30 days to go.. by KAMEL17
    Thu, 29 Jan 2015 14:50:28 GMT

    no thanks. another dollop of inane hyperbole from our resident 'expert' who just keeps adding to his image as the sage of all wisdom in the room full of idiots
  • 30 days to go.. by All-is-fair
    Thu, 29 Jan 2015 11:13:20 GMT

    ..before the Greek nuclear bomb goes off, place your bets and ride the rollercoaster to oblivion.
  • Mischief Making by goodflyingduck
    Thu, 29 Jan 2015 11:02:12 GMT

    Still can't get into Level 2 on iii (beware if you're running on Windows 8.1 - Java 8 Update 31 creates havoc !) but have been able to review Tuesday's trades. There really is something very odd (apart from my Buy of 140K at 3.44p being shown as a Sell). On a spread of 3.25 - 3.5, there were four consecutive 100K trades in the space of less than a minute and in pairs - 3.35 followed by 3.325. I think that was shares being placed in an ISA. Then, 45 minutes later, we get another four consecutive 100K trades (again in the space of less than a minute) each at 3.375 on a spread of 3.25 - 3.75. Clearly, it makes no sense for the spread on Buy to have increased to 3.75 if those first four 100K trades had been Sells but nor does it make sense for the second lot of four 100K trades at 3.375 to be anything other than Buys (following the earlier 3.35/3.325 trades). This really does need to be investigated by someone ... who ? GFD
  • HELP by goodflyingduck
    Wed, 28 Jan 2015 16:03:00 GMT

    Would someone kindly take a snapshot of yesterday's trades with particular reference to the 100K trades & post here or on RUR on iii. Since having restored to an earlier time, I have a page refresh whenever I seek to go to level 2 on iii. Many thanks GFD
  • deluded by All-is-fair
    Wed, 28 Jan 2015 15:19:52 GMT

    ...of course, the market brought the sp down to 3.3's so a pi could do an ISA transfer for 3k....lol...honestly do you really believe thathaha
  • Thanks jeddicat & KAMEL 17 by goodflyingduck
    Wed, 28 Jan 2015 14:34:00 GMT

    I have been trying to get back in to Level 2 on iii since updating Java last night. The higher security settings in the updated version are playing havoc. I may have to restore to an earlier time in order to be able to get back in. I should have recorded the prices of the 100K deals while I had access but the pattern certainly suggested at least two double-crossovers ... what one would expect of shuffling shares into an ISA BUT the prices were outside of the Buy/Sell parameters. Certainly not a simple case of off-loading as some would have it. Also, the iii site failed to distinguish my 140K purchase as a Buy @ 3.44p ... recording it as a Sell ! We'll get there ! GFD
  • kamel by All-is-fair
    Wed, 28 Jan 2015 14:28:11 GMT

    Lol! If jeddi had followed my tone he wouldnt be stuck with an 8p average, he could be buying in at these levels. Same old same old on these sites, the ones that call it right are abused, the ones sat in losses console themselves with their delusions...
  • howdy to goodflyingduck by KAMEL17
    Wed, 28 Jan 2015 13:50:03 GMT

    I just thought I'd post and say hello to goodflyingduck who has been posting for a while over on iii. His posts are often witty and for the most part sensible and as a result his contributions are both welcome and respected. I suspect his optimism rivals that of swooped, which may or may nort be proven to be justified in the fullness of time. Please do not provide AIF with the attention that he so obviously craves by responding to his asinine contributions. He thinks he is the sage of all wisdom and that he occupies a room full of idiots. The pedantry and the dogma he posts is invariably either so basic, flatly incorrect or just that it does not genuinely offer anything other than a chance to waste a few moments of your life reading it, that you will never ever get back. Once again though GFD - welcome.
  • and... by All-is-fair
    Wed, 28 Jan 2015 12:47:45 GMT

    ...you sell in 100k tranche's to ensure you dont go to negotiated trade and get fleeced. So clearly a lot of sells coinciding with an sp slump ....not rocket science is it.
  • pfft by All-is-fair
    Wed, 28 Jan 2015 12:45:18 GMT

    There you all are, usual suspects arguing against the drop. Want proof? Just look at the sp...declining weekly. Lets see what " great deals" you will get this time next month. I would be pretty mad with myself with an 8p average, not shouting it about like its an acheivement. Stop losses spring to mind....
  • gfd by jeddicat
    Wed, 28 Jan 2015 12:10:56 GMT

    Yes, I noted your SP point last night, and again today on a different site. Earlier sells were going out in the 3.4's, then I bought at 3.44p! Then a bit later there followed a flurry of sells in the 3.6's, which included large deals, that in reality could only be BUY'S! Well worth looking at, if you have the tools? Regards
  • gfd by jeddicat
    Wed, 28 Jan 2015 11:34:53 GMT

    Gfd - good post, not only Swooped, but ME too, the games of the de-Ramper are now just an irritant, like the flea on a drumaderry's back! Even the MM's are giving him a wide birth these days. I think they have stopped paying him lately! But at least I managed to get a nice top-up in yesterday at 3.44p, which was refreshing and dropped my average down to just under 8p! Regards All, except 'you know who!
  • msn's posts by goodflyingduck
    Wed, 28 Jan 2015 11:34:35 GMT

    Do you seriously expect me to believe such posts ? I'm not that credulous and I'm surprised that you are. Anyway, if you look at the prices, not all the 100K deals stack up as "Sells". GFD