Rurelec (#RUR) – cancellation of AIM admission
- 2024-06-12 06:59:55
UK 17:04 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
AIM-listed disaster Rurelec (RUR) has announced its interim results to June 30. The good news is that the company is now debt free and has cash. The bad news is that the cash seems set to run out and delisting looks the likely next step.
Long suffering shareholders in AIM-listed Rurelec (RUR) had some good news this week in the form of a special dividend. But it was for just 0.2p per share and the company now has six months to make an acquisition or face suspension and if no transaction is found during the following six months it will be booted off AIM.
AIM-listed Rurelec (RUR), the carcass of which has somehow survived the wreckage brought under the Peter Earl era, has offered up a trading statement and the news is not good at all.
After his senior role at disgraced broker, Daniel Stewart - enabling China frauds including Naibu - Paul Shackleton should have been banned from financial services. Instead, he is now earning a six-figure wedge at Peel Hunt. But the morally bankrupt bankster is getting a bit forgetful
I commented only last week that whilst the receipt of $748,400 on a loan from Argentina was a welcome development, I wasn’t sure it was enough to keep the wolf from the door at AIM-listed Rurelec (RUR) – the carcass left behind after it was run into the ground by Peter Earl. Today, at 2.38pm, the company slipped out its results for calendar 2021. So how’s the cash position?
AIM-listed Rurelec (RUR), the carcass left behind by Peter Earl after he ran it into the ground, reported last week that it had received a partial debt repayment from Patagonia Energy Group after it received a payment of $1 million from Energia del Sur in Argentina. Rurelec got $758,400, but is still owed over $13 million. So is this good news?
AIM-listed Rurelec (RUR) has been an untold disaster on AIM. Having ditched the Peter Earl regime, the directors who somehow managed to keep this crock afloat have now left and the outlook is truly grim.
I commented yesterday on AIM-listed Rurelec’s (RUR) after-hours FY results which were slipped out at no-one-is-watching o’clock on Wednesday whilst Boris was announcing his cabinet reshuffle (a good time to bury bad news). But there are some details worth looking at – for a start, the involvement of former boss Peter Earl, who ran the company into the ground before he was shown the door.
Last night at 5.20pm AIM-listed Rurelec slipped out its full year results to December 31 2020. Given that its previous team of directors slipped out of the door since period end, the evening of Boris Johnson’s cabinet reshuffle looks like a good time to bury bad news.
AIM-listed Rurelec (RUR) remains in deep trouble so many years on from the ousting of former leadership under Peter Earl, the latest problems having been covered HERE. In fact, as I have said many times, I am amazed it is still going at all. But yesterday it released news which I fear may spell the final curtain.
I have covered the downs and further downs of AIM-listed Rurelec (RUR) in some detail since the demise of former management led by Peter Earl, and marvelled at the fact that the company – despite everything thrown at it – is still here at all. But this morning’s announcement of a new “Independent” NED makes the stock totally uninvestable. So who is the mystery NED?
As we all know, intra-day trading statements are usually bad news and today’s update from AIM-listed and holed below the waterline by former management Rurelec (RUR) is no exception.
Things were looking up at AIM-listed Rurelec (RUR) when I last commented here, but yesterday morning came bad news from Argentina. In honour of which our esteemed site editor has added a video to this article which will bring tears to your eyes. But first Rurelec and its news...
AIM-listed Rurelec (RUR), the shambles of a carcass left behind by Peter Earle, has offered up its FY19 results this morning and the news is almost good. Actually, compared to the technically insolvent POS its current management inherited, it is something of a miracle just because it has survived so long...
AIM-listed Rurelec (RUR) has been little short of a disaster for the past few years, and more recently as the company has struggled to survive it has been hit by plenty of bad luck. I keep saying it, but I am amazed the company is still here at all. Last week things started to look rather better – or at least less terminal...
AIM-listed Rurelec (RUR) has again warned that cash is extremely tight and income isn’t flowing in from Argentina. Well, we’ve heard it all before so many times and yet the company continues to survive (so far) but eventually there may come a day when it cannot.
AIM-listed Rurelec (RUR) has released its audited FY17 numbers this morning. Once again we see losses (£5.8 million vs £9.3 million FY16) and the cash was down to just £163,000. We are told liquidity was a major issue for the Group in 2017 – you bet! We also see the auditor resigned – more on that below – and a previously unreported asset sale which leaves me rather puzzled. Finally, we are told there was no qualification of 2017 accounts which sounds great, but that was not quite all it seemed at first sight.
AIM-listed Rurelec (RUR) released what appears to be a mixed bag of news this morning, although on closer reading it looks all bad. The board has its work cut out once again as liquidity appears to be heavily constrained and there is limited certainty over further debt repayments. In other words, it is yet again running very close to the wire: will this latest crisis be enough to finish off the company?
