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Share Name Share Symbol Market Type Share ISIN Share Description
Simec Atlantis LSE:SAE London Ordinary Share SG9999011118 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 17.75p 17.50p 18.00p 17.75p 17.75p 17.75p 22,838 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
0.3 -11.1 -9.0 - 65.00

Simec Atlantis Share Discussion Threads

Showing 51 to 73 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
11/2/2019
08:37
11 February 2019 SIMEC ATLANTIS ENERGY LIMITED ("Atlantis", the "Company" or the "Group") MeyGen Update SIMEC Atlantis Energy Limited ("Atlantis"), a diversified sustainable energy generation company, is pleased to announce that it has today awarded a contract to subsea engineering specialists ETA Limited for the manufacture and delivery of the world's most advanced subsea tidal turbine connection system which will underpin the MeyGen extension activities known as Project Stroma. The subsea hub will allow multiple turbines to be connected to a single power export cable, which will significantly reduce the costs associated with grid connection. The length of power export cable as well as the amount of onshore conversion equipment required for grid connection will be significantly reduced, as will the amount of horizontal directional drilling required and the amount of vessel time required for cable installation. Project Stroma will connect two additional Atlantis AR2000 turbines via the new subsea hub to a single power export cable which will then be connected via the MeyGen substation to the National Grid. Management are currently exploring a number of funding options for the capital expenditure associated with Project Stroma, including a potential issue of the Company's first listed bond. Drew Blaxland, Director of Turbine and Engineering Services Division, commented: "The Atlantis subsea hub has been designed to deliver immediate, material reductions in the overall cost of tidal power generation. Leveraging technologies developed for the oil & gas and offshore wind industries, we have adapted tested products to our new turbine design to deliver an approximate 50% reduction in the CAPEX costs on a per turbine basis associated with turbine grid connection compared to MeyGen Phase 1. Further, this subsea hub has direct application to the growing floating offshore wind market globally. An adaption of our hub will be able to connect multiple floating offshore wind turbines in deep water, helping this industry on its cost down trajectory." Tim Cornelius, CEO of SIMEC Atlantis Energy, commented: "The iconic MeyGen project is once again at the forefront of the development of the marine energy industry in Europe. Building on the success of our previous project specific bond issuances, we are currently in discussion with several regulated exchanges about the issuance of a debt instrument to fund Project Stroma which will in turn allow us to progress our plans to secure CfD allocations for future phases of the MeyGen project."
cwa1
28/1/2019
19:13
What happened to the share price today?
wilc42
19/12/2018
07:51
Also, small tidying up announcement:- https://www.investegate.co.uk/simec-atlantisenergy--sae-/rns/canadian-force-facility/201812190700049021K/
cwa1
28/11/2018
12:28
The proposed acquisition looks a terrific deal for Atlantis, bringing onboard a unique portfolio of hydro-operating assets that cannot be replicated due to recent changes in legislation, as well as a respected hydro development team.
investorschampion
27/11/2018
08:18
Some chunky looking trades going through on the offer at the moment. Interesting.
cwa1
26/11/2018
13:45
Reassuring to hear your take on this rkitch. Have put these in the bottom drawer - they had better ten bag over the next decade. My main interest has always been in the tidal energy side of things. Even if the resulting energy is pricey, it's surely the way to go. The other stuff, I'm not so sure about... SAE is a world leader in tidal energy and could evolve into a company the size of Rolls Royce if tidal energy were to take off. One can but dream !
wheeze
25/11/2018
10:44
Hey Wheeze, I agree the Gupta thing is a bit cloudy, particularly in light of recent articles in the Sunday Times and FT re alleged cash concerns. It may be his route to generating cash is via business sales to SAE. But I'm not convinced that theses assets are over-priced, and Tim Cornelius is nobody's fool; distressed selling (if to some degree it is) invariably means better pricing for the buyer. Also though Gupta owns a substantial amount of SAE it is still a third party entity, lead by a pretty strong independant CEO.....who if I remember has a significant chunk of share options at about 50p. It wouldn't surprise me if the share price fall was triggered to some degree by the market becoming aware of the Gupta press coverage.....though at a fundementals level it makes little sense. However bear market trends do hit developing AIM companies harder....so that is also a potential reason. With Uskmouth and Frances Tidal opportunity, real multiple share price growth is more likely in a couple of years, but like you I remain a patient LTH. Cheers
rkitch
25/11/2018
09:25
Rkitch - on the face of it this may seem to be a good deal, however if you look beneath the surface, Simec Atlantis is taking this so called green renewable energy company from Simec group, paying a substantial amount of money whatever the projected income is annually - it's probably working out better for P.K.Gupta and Simec, than for us shareholders. Happy to be proven wrong. Time will tell. I am currently holding but won't add until I see more transparency.
wheeze
24/11/2018
08:23
You are kidding me aren't you? The share price is down purely to the market NOT reality. So lets summarise for you. The mgt bought Uskmouth for £70m equivalent, they just agreed to sell 25% of it for HALF the amount they bought it for! Thats a great deal in ANYONES book! They've now bought a renewables company for £125m, which generates probably about £10m cash per annum, income enhanced and protected through FiT payments and they'll fund it mostly with infrastructure debt (which tends to have low interest rates) enhancing SAEs balance sheet.....and you think the company management is doing something wrong!
rkitch
24/11/2018
07:33
Wtf is going on ? The share price is on its knees and they agree a purchase of simec green renewables ? Can someone shed some light on how this transaction makes any sense ?
wheeze
21/11/2018
11:38
SAE signed a Heads of Terms to sell a 25% shareholding in its Uskmouth Conversion Project to a leading infrastructure fund for £32.9m in cash. In addition to the cash payment the new partner will fund 25% of the project going forward. The proceeds from this sale can be used to fund SAE’s share of the project, thereby limiting future dilution, which is extremely positive for existing shareholders. New commentary on our website.
investorschampion
20/11/2018
08:23
Very big and significant announcement(IMO) from SAE this morning:- https://www.investegate.co.uk/simec-atlantisenergy--sae-/rns/heads-of-terms-signed-with-equitix/201811200700148302H/
cwa1
06/11/2018
14:03
Invstor's Champion latest note comments that management is of the opinion that the share price has dislocated from the underlying value of the company due to the actions of a small number of price insensitive sellers who are selling for technical, not fundamental reasons. Investor's Champion website has the full note
investorschampion
06/11/2018
08:36
Can it cross 17 today? So many buys at 17p last week and nada.
babbler
06/11/2018
08:15
Interesting.
someuwin
06/11/2018
07:42
Uskmouth FEED contract:- https://www.investegate.co.uk/simec-atlantisenergy--sae-/rns/uskmouth-feed-contract/201811060700064086G/
cwa1
05/11/2018
09:11
sounds good.
keya5000
05/11/2018
08:37
Uskworth Update:- https://uk.advfn.com/stock-market/london/simec-atlantis-SAE/share-news/SIMEC-Atlantis-Energy-Limited-Uskmouth-Power-Stati/78607616
cwa1
31/10/2018
02:26
That wasn't mine shares buddy, there another one 48,000 plus ,
amrishbhim
30/10/2018
21:52
@Amrishbhim, since you stated the 48k buy @17 was yours, I guess the matching sell at 4.28 was you selling out for a 1k loss in around 3 hours? Can’t understand going in that heavy to then sell out in a couple of hours, did you do any research or was it a pure punt?!
74tom
30/10/2018
16:26
Haven't sold just surprised... That big sell I guess...Only did quick research and only been trading a few month this share? Down from over 30 chart in recovery now hopefully. See how it goes tomorrow....
babbler
30/10/2018
16:25
Totally agree
amrishbhim
30/10/2018
16:24
Looks like shafted us a bit at 17...but with all the buys expected more. Hey ho.
babbler
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