(RUR) Rurelec
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12.62
-0.13
(-1.02%)
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Discussion
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Possibly, but the trading values/volumes are so small on both buys and sells.
If it falls much lower, I'll have to have another top up. |
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| Tue 15:04 | ||||
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Have a look at my post below, maybe a reason
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| Tue 12:53 |
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Several little sell trades going through. Do people really sell such small amounts as £65 worth!
12:11 - 21/05 Sell 704 12.83p £90.29 12:09 - 21/05 Sell 3755 12.83p £481.58 12:07 - 21/05 Sell 508 12.83p £65.15 12:06 - 21/05 Sell 700 12.83p £89.78 11:56 - 21/05 Sell 19663 13.00p £2,556.19 Also 70% of the shares traded today are bought, which doesn't make much sense for the price drop of the sell price! Trade this long or short with an interactive markets spread betting or CFD account. |
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| Mon 23:07 | ||||
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9.26% held by institutions ... curious the article states holding as of 5 April 2013
click the link then scroll down http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=RUR:LSE |
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| Fri 20:12 |
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Something else of interest is that the spread between buy and sell price has risen from 0.25 to 0.75. I seem to recall its been around 0.25 for some time now. By widening the spread they are not encouraging selling.
Also all the trades seem pretty small. If you added up all the trading activity for the last 2 days which is nearly all buys, it probably doesn't come close to 100k. I'm glad I topped up a little yesterday after um'ing and ar'ing for a while. New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Fri 18:42 |
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There's often fee stock floating about with the MM's however, as we have seen in other stock, once they run short there are a few ways MM's get your shares;
The MM's can try a quick freightener by dropping the price a little, people panic thinking the price may continue down, sell up and the MM's hoover these up, they may continue to drop the price till they have there requirement and then watch as the price quickly reverses, the MM will increase the price enough until often even the people that just sold think, oh drat what did I just do, the price, it's going back up and I don't want to be left out and so end up buying their own shares back at an increased price. This is one of the distraction trades that MM's do, and rather nasty it is if I may say so. However this is only achieved as PI's are so easily paniced. The thing to do here is just don't sell, which is when the MM has to look to other options; e.g. tempt you to sell, one other way they can do this is to up the price, this is what we are all waiting for and will happen as demand stays strong and shares become in short supply, at the end of the day if the MM's don't have any shares, then only way to make a market is to buy some. IMO If you must sell I say, be greedy and make them pay handsomly for them, supply and demand and you can be absolutely sure that is we get a LARGE payout demand will be huge, thus so will the SP increase. |
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| Fri 17:15 |
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No selling so where do they get the stock from ?
LB |
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| Fri 16:34 |
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100% buys today surprisingly only up 4.95%.
Interesting couple weeks ahead. Time for a cold beer. Welloiled1 Trade this long or short with an interactive markets spread betting or CFD account. |
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| Fri 13:21 |
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very nice and see how quick the price can change not even 1 sell today, and not surprised really who would sell now? what will be interesting though is as more people start to realise they need to get on board sharpish this could rally to some rather high price whist waiting, quite exciting times really
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| Fri 13:05 |
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Bring it on.
Sea of blue today, just nibbles waiting for the bigger fish to start biting next. Not long now bases fully loaded and waiting. Welloiled1 New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Fri 11:42 |
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oops sorry must shut the pc for a while only 10k volume not value, so not such a large value. However I guess it demonstrate an important point and that is look at just how little volume it takes to move the price, I guess these are being held quite tightly
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| Fri 11:36 |
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Someone loading up I see. cheaky 10k's
11:03:01 12.95p 10,000 £1,295 12.75p 13p Buy 11:02:44 12.95p 6,000 £777 12.5p 13p Buy 11:00:43 12.95p 4,000 £518 12.5p 13p Buy 11:00:20 12.95p 10,000 £1,295 12.5p 13p Buy 11:00:01 12.95p 10,000 £1,295 12.5p 13p Buy 10:55:56 12.95p 15,290 £1,980 12.5p 13p Buy 10:38:22 12.91p 10,000 £1,291 12.5p 13p Buy 10:38:00 12.75p 10,000 £1,275 12.5p 13p Buy |
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| Thu 20:30 |
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In keeping with what was stated by the Tribunal at the hearing, the Parties shall submit both their posthearing briefs (of a maximum of 60 pages in length and in accordance with the Tribunals instructions) and statements of costs by 24 May 2013.
So only a week to go and then those that need to be in, need to get in as once these costs have been submitted there is nothing stopping the tribunal from delivering there verdict, so 7 days till countdown starts, how long it takes from delivery is anyones guess but hopefully it shouldn't be long Trade this long or short with an interactive markets spread betting or CFD account. |
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| Wed 14:05 |
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This is not investor impatience, but trader impatience. We probably only have a month or so to wait till we find out how much we will be awarded and then boom! Personally I am happy to watch trader's sell out of impatience as I don't think they deserve to make money here, whereas those of us that have been steadfast, followed the case and been here for the long term will be properly rewarded
GLA Not long now. |
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| 15-05-13 |
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So with the price creeping down and more sells than buys are people simply getting impatient for news on the court case, or is there something else afoot?
If it goes a bit lower I may be tempted to add a few more. New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| 10-05-13 |
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Oh yes add another 1000MW and we are well on the road, i'd say downhill al the way with the wind behind us, really get quite excited when I think about what the future could hold here, particularly as I have a pretty large holding now!
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| 10-05-13 |
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Swooped, Looking positive for the 2x 500MW additions in Chile too. Now that would be a game changer!!
Welloiled1 |
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| 09-05-13 |
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What great news, this is just another demonstration of Rurelec stepping forward. nice
Trade this long or short with an interactive markets spread betting or CFD account. |
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| 09-05-13 |
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Gets EIA Approval For Central Illapa Power Plant
Date: 11:28 am, 8 May 2013 RNS Number : 2396E Rurelec PLC 08 May 2013  8th May 2013 Rurelec PLC ("Rurelec" or "the Company") Rurelec Gets EIA Approval for its Central Illapa Power Plant in Chile Rurelec PLC (AIM: RUR), the electricity utility focused on power generation capacity in Latin America, announces that it has been granted full environmental consent for its Central Illapa Power Plant in Chile, taking it a step closer to the development of the 255 MW open cycle greenfield gas ("OCGT") fired power plant. The Central Illapa plant will be situated in Mejillones, one of the key power hubs on the Sistema Interconectado del Norte Grande ("SING") transmission system of the Chilean power grid which serves the mining region in the north of Chile and will now proceed to financing. Rurelec and its original partner on the project, Independent Power Corporation PLC ("IPC"), a UK private developer and power plant operator, intend to install turbines initially in open cycle with a nominal capacity of 255 MW which will run on LNG from the neighbouring GNL Mejillones regasification terminal. There is then the potential to convert to a 358MW combined cycle power plant as a second stage development if circumstances warrant. Rurelec currently owns 100 per cent of the Central Illapa project company but is in negotiations with outside investors to sell half of its shareholding. Commenting on the approval, Peter Earl, CEO of Rurelec said: "We are delighted to have received the full environmental approval for the Central Illapa Project. Such approvals are very hard to obtain and this takes us closer to the construction phase of the plant. Chile's demand for power continues to grow and we believe our experience puts us in a good position to capitalise on opportunities as world demand for copper drives Chile's strong mining sector in the north of the country where our new plant will be located. "We remain committed to our expansion in Chile and are working towards our target to own over 1,250MW of new Clean Tech power generation capacity in Chile and to obtain a quotation on the Santiago Stock Exchange." - Ends - |
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| 06-05-13 |
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anyone seen any sign of them yet?
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| 03-05-13 |
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Last couple of Fridays been pretty good let's hope we can make it a hat-trick
Welloiled1 |
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| 01-05-13 |
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....so its time for another nationalisation. This time the dignity of the Bolivian people....
http://www.bbc.co.uk/news/world-latin-america-22371275 |
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| 29-04-13 |
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As is usually the case I copy here my post on ADVFN:
I also think you vastly underestimate the value of the company as it is, your valuation of 2p is ridiculous and has no bearing in fact. The company has a current MKT cap of just a little over £50 million or $77 million, the Nav is considered to be 20p at $75 million payout. Therefore if roughly $150 million = 20p then without the payout the nav would become approx 10p, however with the full payout the NAV becomes approx 30p (of course that's if you trade at NAV) These are only rough values but goes to show you where we are going, you should also remember that we lost approximately 50% of the balance sheet with nationalisation and the claim of $142 million is against an historic book value of around $75 million. Rurelec also lost approximately 540 MW in the nationalisation however, Argentina currently has 136MW state of the art plant, Chile 40MW now going into construction, hoping to get to 120 MW, and potential 2 x 500 MW tenders plus Peru hydro, Bangladesh project sponsor and consultancy and the list goes on, in fact even though almost half the company was nationalised PE and the team have delivered almost 400MW of power i.e. almost already replaced what was lost without the cash! with 2 potential huge game changers on the desk (1000 MW) if everthing goes as we hope you could soon see Rurelec trading at 40 pence plus. Trade this long or short with an interactive markets spread betting or CFD account. |
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| 29-04-13 |
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Yes I had some communication from PE the other week, Rurelec are in a closed period right now due to the publication of the Rurelec results for the full year 2012.
I bet they wish they weren't though !! |
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| 29-04-13 |
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Yes, Nice little rises hope continue throughout May whilst we await news. Are the Directors in a closed period was surprised at how low their holdings are.
Liking this share more and more each day... Welloiled1 New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| 29-04-13 |
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I note another tick up, my feeling is we are moving up towards a more realistic base level in which to springboard on an award, remember that NAV currently sits at 20p which is another 54% up from here and even NAV only equates to a payout of book i.e. $75 million. So assuming we trump book, which for sure we will as that does not even take into account costs. interest, declared but not paid dividends etc, then we could be on for a even greater blinder than I may have anticipated.
As an example, would anyone like to hazard a guess what might happen if we reach 18-20p and then get awarded $110 mill, sounds nice but by all acounts it also does not seem unreasonable, in which case we could easily be looking at 30p (even assuming costs appreciated e.g. cost of financing etc) and that does not take into account what PE may spring on us from there, hydro projects, greater MW delivery, consultancy etc. I hope I am not getting ahead of myself but I have followed RUR for a long time, am regularly in contact with the company and I have a very strong belief that we are heading for a step change in this companies future, who knows in a few years we may even see the heady heights of 73p revisited! GLA, Swooped |
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| 29-04-13 |
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GOS thanks for the kind words. No intention of retiring from the boards but would like to stop the process of going 'to' a place of work on a regular basis.
I believe the proverbial 'fat lady' is currently conducting lung training exercises as the volume of air required may need to be upgraded somewhat... Notice we have another little leg up today, I see us shortly sitting at 16p waiting for the big push and a few sitting around scratching their heads thinking how did it get up there from 7p (when I was placing buy ratings...lol), but it makes me laugh, after I tried a little marketing on the GKP board, treated as expected over there, but whilst we have almost doubled, they have almost halved...funny how it all turns out eh! Come now Bolivia....what goes around comes around |
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| 27-04-13 |
Hold
Re: Interesting days
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Dear Swooped ,
One must temper the adulation , until the fat lady has sung .The law has a way of coming up with the unanticipated.Although ,neither of us expect ,this one to be drawn out . Arbitration is a tricky little blighter . Having enjoyed the case fully , I personally expect a prompt decision in our favour. And of course ,someone must always be devil`s advocate .The natives must be kept in order . I hope your retirement ,doesn`t include retirement from posting on iii , I have enjoyed your postings very much. Relaxed ,recalcitrant and remitted . Gold or Silver Trade this long or short with an interactive markets spread betting or CFD account. |
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| 27-04-13 |
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Swooped
With a net asset value of 19.26p would love this to retrace back to value levels before tribunal announcement and x millions added to the balance sheet. Here's hoping anyway Welloiled1 |
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| 26-04-13 |
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lol almost at the same time, I agree, I think GOS knows where this is going and has been celebrating for a while now....hic!
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| 26-04-13 |
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Not sure why you posted that GOS, the tribunal is now over just waiting for the award which should be within the next 6 weeks
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| 26-04-13 |
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According to this link. http://www.pca-cpa.org/showfile.asp?fil_id=2152
Section B. ========================== In keeping with what was stated by the Tribunal at the hearing, the Parties shall submit both their posthearing briefs (of a maximum of 60 pages in length and in accordance with the Tribunals instructions) and statements of costs by 24 May 2013 ========================== Not sure where your getting your March 16 2012 date from. I think you may have had one celebratory drink too many Personally I hope it doesn't take more than a few months to finalise..... |
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| 26-04-13 | ||||
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The Tribunal granted both parties the opportunity to submit a post-hearing brief, to be filed simultaneously, in order to comment in conclusion on the full evidentiary record, as is typically permitted in such arbitrations. Those briefs are due to be filed by March 16, 2012. The Tribunal may issue its decision thereafter. It is typical for tribunals in this type of arbitration to require six to eighteen months (the historical average is approximately 1.2 years) to finalize and issue its decision.
Hope this helps Trade this long or short with an interactive markets spread betting or CFD account. |
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| 26-04-13 |
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Well there you go, lets face it, it's inevitable as more and more realise just how undervalued Rurelec are when the award is made the price is going to rocket minimum 21p unless of course we reach that point before the award, in which case where we go is anyones guess.
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| 26-04-13 |
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100,000 and 150,000 late buys finish the day off nicely, thank you very much finished up 7% @ 13.25.
Now, that's worth a cold beer. Welloiled1 New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| 26-04-13 |
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Boom, off again 13.65 to buy.
Beginning to like these Friday's. Have a good weekend all, Welloiled1 |
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| 26-04-13 |
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Personally I think we'll be lucky if the courts return a final decision by the end of May. They have until 24th May to complete post hearing briefs. Even then and assuming there is a positive outcome for shareholders it will take time for settlement to be paid.
Anyone have any idea how long a final decision is likely to take after the post hearing briefs? |
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| 25-04-13 |
Hold
Interesting days
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As a holder of 38,000 .
Hoping the positive trend continues towards a fair settlement in late May . Patience ,will be the key to success . gla concerned Trade this long or short with an interactive markets spread betting or CFD account. |
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| 25-04-13 |
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TB
These were just "dummy" buys and sells, holding is irrelevant to being able to test. I did however add a few. Good luck with your investment here. Welloiled1 |
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| 25-04-13 |
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sorry, just checked 19,663.
New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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