Rurelec PLC - power generator and power plants developer - Notes recent movement in share price and confirms that it knows of no reason for the share price movement. Pursuing capital reorganisation to create the capacity to pay dividends in the future, dependent upon the availability of future cash flows and the company's working capital requirements at the time. Reports marked improvement in liquidity position and the improvements in the performance of the Argentinian asset. Uncertainty around timing of asset disposals together with the current poor state of the Argentinian economy casts a shadow over future performance and timing of dividend payments and share buy-backs.
Current share price: 1.63 pence
Year-to-date change: up 55%
By Tapan Panchal; tapanpanchal@alliancenews.com
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Rurelec (RUR)