Rurelec – Results, Board Changes, Disposal, Loan Facility. But there is an elephant in the room!
Friday saw a barrage of RNSs from Rurelec (RUR) – five in all. 2014 results were not a pretty sight, with the main event having been the compensation the company finally received after Bolivia nationalised some of its assets. I’ll spare you the details other than to say that the final figure received - $31.5m - was rather less than total of $41m awarded by the Permanent Court of Arbitration, which was itself a massive haircut for the company. Having covered a previous RNS from May which was splattered from top to bottom with Red Flags, it comes as little surprise that Friday’s news was hardly awe-inspiring, with the shares closing off by 11% .

