Member Info for optimist13

They don't need to as people are selling. Might wait a bit longer before adding more, just in case it dips a little.

correction - no danger of any placing

Good to see a few trades going through. I am not a chartist, so I would welcome anyone's thoughts on the implications for the share price in the short-term, as it appears quite a few investors subscribe to the theories. I just look at the fundamentals of the business and the massive discount to net assets. Added to that, there is no danger of any pacing and the company appears to be cash-flow positive again. What's not to like.

Well, if it is a short, I hope the person has strong nerves as they they may need them. On the sales of the turbines, I could see this jumping to the 5.00p region. I just can't imagine any holder here selling now after the latest news, which is why I keep adding.

Hi jeddicat - if you look on the trades page and then the trade I am referring too, at the far right there is a 'i' icon. Click on that and it gives the information about the trade.

b9boy - if you put your cursor over the information icon at the end of the trade, you will see that bargain conditions apply to that trade. I am not an expert, but it is probably a CFD - contract for difference sell trade, which I find unusual given the recent positive information from the company. There have been some unusual trading patterns here over the recent past, but I firmly believe we are now on an upward trajectory as far as the share price is concerned given that an asset sale notification will land at anytime.

the 150k sell today has bargain conditions applied to the sale....the plot thickens

NicName - 450.000 shares

spread narrowing....1.88p to buy v 1.61p to sell. As I said last week, expect to see higher highs and lower lows on the back of the latest news. Looking at the charts, we could soon see a break-out and find a completely new trading range on relatively little buying pressure.

moving up...+11.11%. Looks like the 500k trade was an inter dealer trade given the price.

For those who believe, this could herald an RNS imminently. Not convinced myself, but I have seen it happen on quite a few occasions. Interestingly, the bid price has moved up and there are less shares available to buy now. I have a very good feeling about the outcome here and hopefully LTH's will see a much better return than they may have previously thought.

Given the amount of time and money the administrators have spent on achieving a fair price for the 53.99% holding they have in Rurelec, what is the consensus for what that price will be. I feel certain they are looking to sell the block of shares to a competitor who would then have effective control. This in itself should command a premium price, which is why I feel the creditors of Sterling Trust have been given more time to secure the best possible price. With the deal agreed last week with Ethosenergy, I now feel that the administrators will be able to reduce the discount on the NAV to effect the sale. Could be wide of the mark, but I can foresee an announcement confirming the sale of an asset, the paying off of the outstanding creditors and the sale of the Sterling Trust shares for circa 7.00p. This is now a screaming buy IMHO, and the daft thing is, people will be happy to pay a lot more in possibly a few weeks time.

Good morning everyone and thanks for the replies to my queries on the asset valuations. Can't say I agree with the idea of seeking an EGM at the current time as I feel events are moving more quickly now and the asset disposal confirmation could land anytime. It is my view that the administrators for Sterling Trust are pretty much dictating what is happening here, and what is good for Sterling Trust creditors, is good for us. The appointment of a new director at the behest of the Administrators also gives them further insight in to the inner workings of the company. In my mind, PE has played his hand with the Statutory Notice and has been found wanting. Rurelec are now in control of the turbines which will now facilitate a sale or a new JV arrangement. EdS is performing well in Argentina and we are seeing an increase in the repatriation of funds at a higher level. As I stated last week, I believe our NAV with the reversal of impairments to be in the 10.00p to 12.00p region and given the sector in which we operate, the company should be trading at multiples of its net assets once all of this progress is confirmed within the final results. I have added again today in anticipation of the significant uplift in the share price that will occur when the asset sale is announced.

Classic MM manoeuvre, you have one sell and they drop the bid, but the ask hasn't changed. They will try anything to get cheap shares.....don't be fooled.

Should also have added that the effect on cash-flow and the balance sheet would also be extremely beneficial.

I detailed yesterday the possible improvement in the NAV once/if the impairment charge is added back into the accounts following the ability to secure increases in the repatriation of funds from EdS in Argentina. I have now looked again at the possible gain to the NAV following the agreement last week with Ethosenergy regarding the two turbines held in storage by them. In the interim report, the assets held for sale amount to £3.35m. This figure relates to the book value of the two turbines and the $1m due on the balance of the sale of Canchayllo. The company expect to receive the $1m balance, therefore the written down figure for the two turbines amounts to circa £2.5m. I have looked at the past reports, but can't find the news release which pertains to the purchase of the turbines, but from memory, I am sure it was circa £16m. Now, this is pure conjecture on my part, but I would estimate that the current value, on a prudent basis, for the turbines must be in the order of £8m. If I have read the accounts correctly, this would mean that on the sale of the turbines for say £8m, would see a reversal/benefit in the accounts of circa £5.5m, or 1.00p per share. The impact on the p&l account would also be huge. So, I believe we are looking at a true NAV of circa 11.00p to 13.00p range.

Good luck anyone trying to buy in any quantity. I can only get a quote for 100k shares and it is a negotiated trade after that. We are now up 6.56% and in my opinion will continue to climb on limited buying.

MM's hunting for shares. Bid has been raised this morning. Difficult to put an exact price on it, but once the sale of an asset is confirmed, and the outstanding creditors paid, we should be in the 4.00p to 5.00p region. Don't sell your shares too cheaply....there are not that many in free-float.

ref investment in Argentina: I have looked again at the investment in Argentina to try and get a better understanding of the impairment charge and the possible beneficial impact on the NAV following the easing of restrictions on the repatriation of funds. At the interim report, the directors stated that there were £37.5m due to the Group for outstanding borrowings and interest before impairment. In the last financial year, the accounts show that the amount due from PEL and EdS amounted to £20.1m. If my maths are correct, and I am reading the accounts correctly, this means that the amount impaired is £17.4m on this investment alone. This equates to 3.1p per share if and when all of the impairment is reversed. So, taking the NAV of 7.20p at the half year and adding back the impairment on EdS/PER gives us a NAV of 10.30p, plus any further benefits attributable now that the turbines can be sold. It looks like it is going to take the sale of an asset to really get the share price moving up, but I feel very confident that it is only matter of time before the re-rate comes.

Full ask - 1.75p now to buy. I think this will now climb rapidly on limited buying. Very important for any new investor to read the recent news releases and contributions on this board to gain a good understanding of the potential here.