Rurelec Share News (RUR)

EARNINGS AND TRADING: Northamber loss widens; Ethernity contract boost

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: Rurelec disposes of Cochrane Power and Chilean subsidiaries

Rurelec PLC - cash shell and owner of turbines - Completes the disposal of Cochrane Power Ltd, as well as its Chilean subsidiaries, Rurelec Chile SpA, Rurelec Chile Limitada, Termoelectrica del Norte SA and Central Illapa, SA. These were originally formed with the intention of developing, owning and operating power stations in Chile. Accordingly, GBP25,000 for the disposal has now been received.

EARNINGS AND TRADING: Kromek wins deals; First Class Metals optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Zoo Digital expects revenue drop on Hollywood strikes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: On The Beach rejigs board, names new CEO and CFO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Friday and not separately reported by Alliance News:

Rurelec shares jump as payout to follow close of Argentina assets sale

(Alliance News) - Rurelec PLC on Monday said it has completed the disposal of its Argentinian assets to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million.

Rurelec shareholders approve sale of Argentinian interests

(Alliance News) - Rurelec PLC on Thursday said shareholders approved the planned disposal of its Argentinian assets to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Rurelec sells Argentinian assets and promises special payout

Rurelec PLC - South America-focused power producer and developer of power plants - Agrees to sell Argentinian interests to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million. This includes Rurelec's interest in Central Termica Patagonia, a 138 megawatt combined cycle powerplant located in Comodoro Rivadavia. Sale is subject to shareholder approval, and completion is expected in June. Rurelec will pay shareholders a special dividend of 0.20 pence per share and will retain the remaining GBP1.1 million as working capital for the next phase of its development.

LONDON MARKET MIDDAY: Stocks subdued; US debt ceiling concern weighs

(Alliance News) - Stock prices in London were directionless at midday on Tuesday as markets digested the latest UK unemployment data and nervously eyed incoming US debt ceiling crunch talks.

AIM WINNERS & LOSERS: Rurelec jumps on Argentinian assets sale

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Rurelec liquidity position worsens on Argentina cash failure

(Alliance News) - Rurelec PLC on Wednesday said that it might not be able to raise working capital on reasonable terms or at all, as it failed to receive any more cash from Argentina.

EARNINGS SUMMARY: Provexis, Thruvision loss narrows; Unigel revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Rurelec narrows loss; still "dominated" by loan write-downs

Rurelec PLC - London-based power producer with operations in Latin America - Pretax loss in 2021 narrows to GBP3.6 million from GBP5.3 million the previous year. Total assets at the end of December fall to GBP12.2 million from GBP15.4 million at the same time a year prior. The company says, unless there is a "significant" disposal of assets, it will be in the long-term dependent upon debt repayments from Argentina via Patagonia Energy Ltd.