Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Hi utilityinvest. Based on news releases, the temp power in Uruguay was to allow them to build a permanent plant which should be complete. The only logical explanation for the current mini-renewals was to allow them to finalize construction. But, even APR's releases appear to indicate that the client is more interested in buying the used equipment than extending the contract further. Also, the latest press release was so reaked of desperation to announce something positive. That has been a repeated pattern recently with some of the other announcements - very little substance, but current incompetent management doesn't know how else to come up with anything positive when anything substantive is materially negative. On debt, I agree with Motley Fool and other press releases, that APR will likely end up working something out with the banks. But, they will wait at least until the end of the month to close and will extract as much as possible from APR - again not a plus. But, that does not change the underlying weakness in APR's ability to close new projects to make up for the projects coming offline and don't see how you or anyone could have any confidence with current management led by Laurence Anderson and John Campion as Chairman of the Board - over the past 1 year and change the company's results and performance has continued to get worse.
APRJAX - I have invested in the traditional power/utility sector for about 10 years. But I have only recently learned about Aggreko and APR Energy because I have never been that focused on emerging markets, mostly US, EU and Japan. So I never came across the temporary or interim power model. After reading Aggreko and APR annual reports, there is a lot that I like about their business models compared to traditional power plant operators. Particularly the modularity and mobility of the model is appealing, and not taking on tariff and fuel risk is another thing that appeals to me based on past experiences in the traditional utility sector. You seem very negative on APR, you also appear to be close to the story, although I can't quite tell. Uruguay renewal at year end is clearly a concern, why are you so certain that the contract will end then and not renew? It appears that the contract has renewed several times, but is your sense that Uruguay is planning on bringing in a competitor to swap out APR, like an Aggreko? Or is Uruguay going to have a power station built and ready to go by Jan 1 such that APR's services will no longer be needed? And then I guess the debt re-negotiation is a key risk as well. Do you have an opinion on that? I have no opinion, I just know the language that they included in their 1st half results RNS in late August and it sounded cautiously optimistic, but admittedly that is subject to interpretation. Thank you
im sure that apr will give me a redeeming shot at it and you did say haha which is fair enough one battle lost im still well in to win the war lol.
Whatwhat, WOT! You have no idea about this share so why do you post, there was no leak about old contracts which were already common knowledge.
Yes you should have and I am surprised by your confident posts you didn't. I do not say haha, I hope you get back in at a good price is it now, I dunno. Recently I checked all the institutional investors over a year and found none had reduced their holdings and Fairfax and the other two mains had increased theirs with UBS just arsing about. This was enough to persuade me (not convince me) but I am forever chasing lost causes, so it was another hang on and hope, its paid I trebled my holding with an average on new shares of 81 so need sell off a few before next crash our doomster APRJAX predicts so readily. Its interesting whether these big investors get some kind of heads up on major problems, you would think so? Anyway I am sad someone who hjad the same faith in APR as me was almost tricked into selling.
It must be due to John Campion's new Wikipage!! Maybe someone knows that they are close to coming to agreement with banks or that the company will be bought up at this share price? Should either scenario be true, hopefully banks or new owners will throw out the current incompetent management and crony board that is killing this company and replace it with folks that will actually do something with APR. If not, we can trade a little up or a little down, but this company won't be going anywhere before its next big negative surprise - missed earnings, reduced revenues, accounting irregularities, compliance, etc....
my nerve on this one took the loss on the chin we live and learn.doh
maybe not, ha ha, this is just the start.
want to know no rns but up 20p today i was holding but got out after it kept sliding down it dipped tp 50p for a few mins yesterday i dont know whats driving it up but i get the feeling someone knows before the market.
Really motoring ow. Not a holder so what is behind the rise, anyone?
i will have to have a dabble at some point !
i took the money and run at 71 good call 10 down at 50 now no reason
Railride - that won't be happening. PatryK221, still think this dead cat will bounce? Not happening. Let's summarize. Founders cashed out a long time ago. Talent is leaving. Exactly one year ago, John Campion became Chairman, Laurence Anderseon CEO, and Lee Munro CFO. On day of announcement the shares dropped 11%. Since then, stock is down 86%, APR's revenues are down, missed earnings, it has breached its bank covenants, practically no new contracts and these don't come close to offsetting total installed capacity that has come off line or is coming off which totals almost 40%, etc., etc., etc.. After that performance, do you guys honestly think this management is going to be able to execute a turn around or announce good news? I'd take your money and run!
for a good news rns for a few big contract wins and the finance covernats sorted, we all know its coming but hurry up and the this silly sp can rise to a more reflective level.
bright side oil and gas are cheaper for the turbine running costs it all helps
RNS, things starting to look better. How much more can we collect is the big question?.
300MW will come offline shortly which coupled with Libya (450MW) and Yemen (60MW) is practically 40% of the total installed capacity in the past 9 months! Nothing to replace. No further extension for Uruguay either. Argentina operations were reduced from 90MW to 75MW. Also note, that although renewals are helpful, they are always at reduced rates. The contract extensions in Argentina were at up to a 30% discount (see http://elinversoronline.com/2015/03/kicillof-le-quito-a-de-vido-el-control-de-un-negocio-electrico-e-impuso-un-descuento-de-hasta-30/). I can bet that the other renewals were all again on discounted rates. Not seeing the silver lining that you are seeing.
Thats just some of it This year, dont beat ur self about the loss here, although Im not invested I still think theres potential here, esp if they deal with the covenants, this isnt a mickey mouse company although the Market wants you to believe it is, MM like to drop the price to its minimum then when your out bring it back, I have seen these dead cats bounce couple of times here on blady AIM 15-Jul-15 07:00 RNS-R Six-Month Contract Extension for Guatemala Project Company Announcement - General 09-Jul-15 07:00 RNS 108MW extension and expansion of contracts Company Announcement - General 02-Jul-15 07:00 RNS New Contract Company Announcement - General 01-Jul-15 07:00 RNS APR Agrees Terms on 300MW Uruguay Project Award Company Announcement - General 11-Mar-15 07:00 RNS-R 20MW expansion of Myanmar power plant Company Announcement - General 05-Mar-15 07:00 RNS Extension of 75MW of power generation in Argentina Company Announcement - General 26-Feb-15 07:01 RNS Renewal of 106MW Sub-Saharan Africa contracts Company Announcement - General 26-Feb-15 07:00 RNS Renewal of 106MW Sub-Saharan Africa contracts
You lost a lot of money here havnt you ? :)
Very smart move Patryk221. I wish I had too. What do you mean "getting a lot of its contracts renewed/extended"? Uruguay press release had nothing new to add. In just a few months that 300MW(one of APR's largest) of revenue will end. Guatemala has only a few more months left on it, but is only 16MW. 60MW in Yemen just had to be written off. As others have posted, APR is not meeting its banking covenants and there are also accounting irregularities. And, on top of that they are laying off employees or others are leaving at all levels. It won't get better.
I Traded this loooooong ago when it was in the 800ds, judging from your posts you lost a lot of money in APR, company might not be getting new contracts, but its getting a lot of its contracts renewed/extended, Iv seen this bounce from lows before and believe its too big next to AGK to fall flat on its face, look at AGK and other Energy companies today, they are all down, soon they will be all up!
Hi dodge_master. No agenda. Just providing facts. You can check them online yourself. No NEW major contracts/clients in years and latest press releases read of desperation and are just fluff when you really dissect them.
New Avatar there APRJAX...have we an agenda,lol