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Spoke to Maria at Rurelec......... announcement in a couple of weeks, whatever!
Contacted W H Ireland, they are no longer connected to Rurelec!
I put a HEX on all of you, reason being I lost a lot of money believing you, no thanks to Bolv and that shady goings on. 2xTurbines can't sell, really? Any one sat in that corporate type building thinking they're doing 'good' career work, typing up the stuff that appears on these BB, the support of the lawyers etc, ought to be ashamed and head out the door asap, even 'whistleblow' their knowledge. You are a small cog but if this continues this country UK will implode due to this market AIM and similar, perhaps that's the purpose. HEXHEXHEX
Started: NicName, 24 Apr 2024 09:59
Last post: NicName, 24 Apr 2024 09:59
£450k funding raise request, for director's continued remuneration, lunch and other benefits.
Interestingly: "On 11 March 2024, 44% of the Company's share capital was traded in an off-market transaction at a price of 0.3036 pence, which is the Subscription Price."
Started: NicName, 8 Dec 2023 13:25
Last post: NicName, 9 Dec 2023 03:04
The result.
Must message more often if this is the result
Leaky ship?
Started: CantClough29, 8 Dec 2023 10:25
Last post: CantClough29, 8 Dec 2023 10:25
Its December. Still intrigued ?
Started: Brightonscot, 10 Jul 2023 16:00
Last post: bbr391, 28 Sep 2023 07:55
As expected
Not Outstanding
We wait for further Intrigue
Outstanding
So we will know if the directors have any great plans for RUR …
On performance so far I’m not hopeful.
I’m amazed the SP is still 0.50p
No reverse will be suspension .
One hopes the BOD can sell the final assets & restart afresh ,
Outstanding
So RURELEC will soon pay out 0.2p per share dividend.
It is now a cash shell with approx £1m in the bank. Enough to pay the bills for a year at least. But what then ?
The turbines have been in storage for 15 years and (as far as I know ) last inspected pre-covid. Argentina didn’t want them and RUR would need a partner with very deep pockets to initiate a project anywhere in the world. £1m isn’t going to cut it.
What happens if there’s no reverse takeover ?
Any suggestions ?
Shareholders deserve better .
Come on BOD sell them assets .
Outstanding
Not a hot RNS , more lukewarm ,as per usual with the BOD .
Some fresh sauce would be Outstanding .
Started: bbr391, 18 Jun 2023 08:40
Last post: NicName, 7 Jul 2023 02:30
The fact that one can dispose of these shares for 0.5p in the present situation is nigh on a miracle. Holders should thank their luck stars.
Rurelec will continue to explore its options for the 701 DU 125MW Turbines, including a potential sale. One option under consideration is whether it is possible to ring fence the value of the turbines for shareholders whilst at the same time making the Company attractive for new business opportunities through which it can create shareholder value. Further updates on this proposal will be provided in due course if it progresses. The Directors will also be reviewing potential acquisition opportunities as they arise.
-------------------------------------
Not even an RNS on your first dividend in 15 years , very disappointing BOD .
NOT outstanding
The sp really needs to rise today, which doesn't look as though it is, as the dividend payout will reduce its ex-dividend value. Obviously, it depends on your entry point. Don't panic sell afterward as it can sometimes recover within a short period.
From the 12th June RNS:
"A special dividend of 0.20p per ordinary share will be paid on 14 July 2023 to shareholders on the register as at 23 June 2023. The associated ex-dividend date will be 22 June 2023".
These are already red hot & tasty
About time too .
Outstanding
Started: John73, 16 May 2023 08:58
Last post: Laura2022, 12 Jun 2023 19:16
It has been confirmed today
I have taken a small position before the 23rd June cut off date,interesting developments too on other assets mentioned in today's RNS
Not a comment on todays RNS. Tough to buy, tougher to sell. Deal should be done by the end of next week. 0.2 confirmed and the company will then have assets worth roughly 4 times current mkt price with the remaining cash added in. Bought myself between 40 and 50 myself and the movement today on 11 trades is bonkers on an RNS day. I reckon buyers could get 1.5p a share minimum esp if a deal is done as a shell. Watch out for any bargain prices to buy next week.
Whopping 35% dividend yield
10k gets you £3500 profit
they've already got over 50% yes vote this will easily get over the line
then RTO few weeks after completion with fresh start
when this reaches headlines this will rocket over 100% mark my words
GLA
Sounding very promising to me
I can't really see it. The dividend is 0.20p, the share price is 0.55p/0.60p and after the disposal RUR becomes a cash shell with a bit of cash left to pay the wages. Oh, and highlighted at the end of the RNS, it says that if the shareholders don't vote in favour of the disposal then the company will go bust and shareholders will lose everything.
Sounding very promising to me
dividend payment could be in a few weeks
RUR set to rocket once the dividend date is published?
A general meeting (the "General Meeting") of the Company is expected to be held at 5 St. John's Lane, London, England, EC1M 4BH at 10.00 am on 1 June 2023
Following Completion the Company intends to pay a special dividend of 0.20p per share to shareholders on the register on a record date after Completion which will be announced in due course, in accordance with the Company's strategy to return capital to Shareholders.
Following Completion, it will be the strategy of the Company to maximise the value of the Company's other investments, whilst exploring potential investment opportunities, with a view to enhancing shareholder value.
Started: bbr391, 16 May 2023 12:53
Last post: bbr391, 16 May 2023 13:34
Great RNS
Ongoing Business
Following Completion, it will be the strategy of the Company to maximise the value of the Company's other investments, whilst exploring potential investment opportunities, with a view to enhancing shareholder value.
Thus Chile & Turbines ,estimated £12 million are still on the books .
With £4 million cash in hand , the ball is now firmly in the directors hands .
One hopes a few more aces are with us soon
Outstanding
It has been a long long long road & not as profitable as anticipated .
One hopes Chile & Turbines add up to good newsflow ahead .
Outstanding
Started: Broomfielder, 16 May 2023 08:48
Last post: Broomfielder, 16 May 2023 08:48
Today's RNS must be welcomed by any lth's still alive after all the years of dwindling prospects for their investment.
It does seem very much of 'too little too late' however welcome some 'return' will be made here (on basis it completes as outlined).
Whilst I sold out at considerable loss a while back, I do wish any remaining shareholders all the very best. This has been a shameful exercise in the plethora of 'risks' associated with an AIM investment. In addition to the obvious geo-political risks are those that appear to border close to criminal and at the very least unethical; we have witnessed most!
B
Started: bbr391, 24 Apr 2023 22:23
Last post: NicName, 10 May 2023 19:10
But fortunately there are Market Makers to provide liquidity even when there isn't (they go short and make it on the spread), so no need to worry.
Oh, I've just realised, you may have been trying to ramp this, in which case sorry to dampen your squib.
Try buying there is not a bean of stock atm, last 2 buys have took out the existing stock available at 0.5p
A stabilisation would be nice .
Preferably at 13p ( Highly unlikely though)
Outstanding
No RNS is needed unless we go over 50% .
Even that may have changed post Brexit
Own 54% odd of Rurelec .
Seems Our Administrators are pushing the BOD a little more this time for action .
Though nowt is guaranteed .
This could go either way
Outstanding
Started: Brightonscot, 24 Apr 2023 18:35
Last post: Brightonscot, 24 Apr 2023 18:44
In summary, Rurelec's liquidity position will become acute during the second quarter of 2023.
Should be developments soon ?
Rather suspect share trades - seems like just marching up the price and selling the same blocks of shares ? Ria 20 was registered just a few days ago ? Any relation to the idiot who thought RUR had found millions after restructuring their accounts ?
Started: ria20, 24 Apr 2023 16:55
Last post: ria20, 24 Apr 2023 16:55
share price nice and steady and has held up 46 percent, so as steveY1 said we will know relatively soon
Started: ria20, 24 Apr 2023 16:52
Last post: ria20, 24 Apr 2023 16:52
RURELEC TAKING 'CAUTIOUS VIEW' AS ARGENTINA NEGOTIATIONS CONTINUE
NICNAME did you see this RNS?
CORRECTION WITH CORRECT DATE
Started: ria20, 24 Apr 2023 16:48
Last post: ria20, 24 Apr 2023 16:48
RURELEC TAKING 'CAUTIOUS VIEW' AS ARGENTINA NEGOTIATIONS CONTINUE
NICNAME did you see this RNS?
Started: ria20, 24 Apr 2023 16:35
Last post: NicName, 24 Apr 2023 16:42
Tosh!
Negotiations were on going...if settled and approved RNS comes ....who know where this share price will end up
Last post: ria20, 24 Apr 2023 15:30
with the recent share price ...expect news will come soon Steve Y1
If the share price stays here (up 46%) RUR should be made to issue an RNS which will either be no news/no changes or an update of what they are doing and how things are going.
Started: CantClough29, 24 Apr 2023 14:36
Last post: NicName, 24 Apr 2023 15:18
CC29's was just being subtle, his tacit question: why are you ramping this share?
No im not the MD Cantclough29...
No, just one of the pump and dump crew, punting on a stock where there is presently no news and no underlying support. It's happened before with RUR where a storyline is created from nothing and ramped. The only surefire winners are the market makers.
ria 20 are you the MD ?
Started: ria20, 24 Apr 2023 12:49
Last post: ria20, 24 Apr 2023 12:49
leg up once 0.50p is taken, i think this will fly past 0.70p could be a great afternoon
Started: ria20, 24 Apr 2023 11:25
Last post: ria20, 24 Apr 2023 11:48
UP 46 PERCENT.....LOOKING VERY NICE
now ....up 38 percent....can we see 100 percent today!!!!
Started: bbr391, 17 Dec 2022 21:36
Last post: bbr391, 24 Apr 2023 11:29
Maybe there is some hope after all
Outstanding
Disappointing Board thus far .
Maybe Askar can achieve what Gordon couldn`t .
Outstanding
Time for a monthly Board report from these clowns to see what they actually do all week!
PE & IPC are doing very nicely .
Of course shareholders here have provided well for many others thus far
Perhaps Askar can change our fortunes , anything is possible .
Outstanding
It's about time this company just went bust, after selling everything they have to sell and returning whatever pittance is left to shareholders.
These directors are parasites, living of the bones of Rurelec, they will continue for ever selling whatever they can, paying themselves handsomely until everything is gone, and only then will they close the doors.
In my 25 years or so of trading I have never known a company more milked of money with no intention of ever trying to make a go of it, sole intention has always, since the disastrous arbitration amount and the even more disastrous financial deal arranged by P Earl, that provided most of our cash to the litigation funders to just keep the directors comfortable for as long as they can - shareholders revolted against more equity raises, watching their shares become worthless was enough without further dilution of that worthlessness.
Not kept up with this share for many years, whatever happened to the Turbines, did PE steal them away for free / cheap for some dodgy Kyrgyzstan deal or the like, does IPC still live, come to that does PE? Its been a while. These directors should now have there milking days removed, long gone are the heading days of Hydro and 10p share prices.
Started: ria20, 24 Apr 2023 11:09
Last post: ria20, 24 Apr 2023 11:09
now...moving up nicely
is strong too today,,,,if thinks break 0.50p may even get fly past 0.70p later today
Started: ria20, 24 Apr 2023 10:55
Last post: ria20, 24 Apr 2023 10:55
ON THE LEADERBOARD UP 30 PERCENT , READY TO LIFT OFF ME THINKS