Member Info for asif6600

Turbocare is the same as Ethos energy. 3m EUR will be paid upon IPSA's receipt from RUR, The remainder of the funds do not have to be paid September 2015 (by which time IPSA might have a plant sell off) therefore in this short term, IPSA will have more money coming in than going out. In terms of the contract in SA, I will re-paste below the full e mail from the CEO (which I had pasted previously) did indeed try to call and left you a message. I cannot give you any information which has not been released to the market via an RNS announcement. However I can tell you that if there was bad new to announce, we would have announced it. We have made no such announcements. Our recent share price fall was the sale in a block of 4 per cent of the company at a foolishly large discount. The seller was a UK institution for whom this holding was too small for the portfolio at the current depressed price, so they just dumped the stock through market makers. It seems all to have been absorbed. The one thing I can do is point you to the public statements of Eskom and the government of South Africa as to the planned extension of all MTPPP contracts, of which IPSA’s Newcastle Cogeneration is a beneficiary. When there is something to announce, we will announce it, I promise. In the meantime there is nothing more which we can say. Best regards, Peter Earl Peter Earl Acting Chief Executive Officer

can you provide source of money owed to turbocare? and what is the 4.4? GBP, USD or EUR? this is news to me, as I'm aware they owe the Italian company 3m euro

yes there is the plant. lets hope there is a buyer out there for it. I was commenting on the 'confirmed' money coming in and going out in the near future. I am very heavy into this share, so the RUR payment, contract extension and sale of plant can't come soon enough! GLA

Princess Kim, I'd refer to the RNS on 21st Nov 2014. Yes, IPSA is owed £3.2m, but it also owes 3m EUR. Once that is settled, I think IPSA pocket the difference which I believe is roughly £1m, add that to the MCAP and make your own conclusions. I've never said to this to anyone whilst posting on boards, but I guess prudent to DYOR. GL

A very opportunity to get in! this is a 3.25p SP at the very least. Look at the average price for this share before that 4% dump? comfortably held at 3.2pish for sustained period of time. With payment conformation and contract extension signed, sealed and delivered, IMO this can be easily 4-5p. GLA

Mon, 2nd Mar 2015 09:20 RNS Number : 2234G IPSA Group PLC 02 March 2015 IPSA Group PLC ("IPSA" or the "Company") Update re settlement of funds owed by Rurelec PLC IPSA notes the announcement made this morning by Rurelec PLC regarding the sale of its stake in the Canchayllo hydroelectric plant in Peru. The Company expects to receive payment from Rurelec of the £3.2 million deferred consideration still owed to IPSA from the sale of the Westinghouse Siemens gas turbines, shortly after Rurelec receives payment of the $6.5 million consideration for the Canchayllo hydroelectric plant. A further announcement will be made in due course.

spread on LSE showing as 16.13%. When the spread is at these levels, maybe there is going to be a big push!

people selling now? RNS from IPSA confirming payment is imminent! In addition, don't forget about confirmation of contract extension in South Africa due end of this month at the latest! maybe March will be a good month for IPSA, GLA

...is the IPSA RNS that the money is in the bank!!!!!

To the best of my knowledge and understanding, IPSA are owed £3m (GBP) buy RUR, but also owe an Italian company 3m EURO, thus they would be pocketing the difference. Anybody else have any other thoughts or contributions? Interesting that the spread on LSE is showing as 32%, sign of something happening?

Yes, things starting to move finally. When do you think the payment will be made and IPSA announcing?

... news of the RUR payment and confirmation of the contract extensions in south Africa to shift this. lets hope it comes soon! GLA

How do you know the seller is the same that purchased yesterday? surely not just by the volume? Could it be coincidental that another seller has just sold the same volume?

A small buy thus far today, but a buy nonetheless! moving up slowly but surely!

Hopefully upwards from now. An RNS for tomorrow morning would be ideal for momentum. on RUR, as I've said before, Mr Earl needs to stomp into their offices up, rough some people up, and shake them down for the £3m!

...both IPSA and RUR shares here?

...217k buy that just came in? Can I take credit for the upward movement due to my e mail???? GLA

Hopefully both! People will start to see an opportunity here, and RUR cough up the £3m too! and then confirmation of the extension to the Newcastle Cogeneration contract in South Africa!!! I'll take that all day, so come on Mr Earl and Co, do your thing people!!!!

ok, cheers for letting me know. that is why I was asking if it was ok with the admin of these boards to share in the first place, but nobody gave a definitive answer. before I received the e mail from the CEO, I had been conversing with the company secretary (very nice lady), as I was having a moan at the state of the current SP, and theta my investment was down and why there had been no reason given for the drop, but no we now why. hopefully more buyers will come seeing an opportunity. If you have a look at the charts for this share, it is comfortably around 3-3.25, and only with that big sell of did we see the SP fall and not recuperate! still find it hard to understand why a 4% sell off of the company results in a 40% drop in the SP? I just hope that those that bought in are handsomely rewarded!

No tricks here mate. My intention was just to share information, available in the public domain, with people interested in this share!