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SAE Simec Atlantis Energy Limited

0.80
-0.02 (-2.44%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Simec Atlantis Energy Limited SAE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.02 -2.44% 0.80 08:00:00
Open Price Low Price High Price Close Price Previous Close
0.80 0.80 0.80 0.80 0.82
more quote information »
Industry Sector
ALTERNATIVE ENERGY

Simec Atlantis Energy SAE Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 28/3/2024 20:29 by jaknife
Fwatson,

"What is this trading update news? I can’t read it…."

See:


Hands up who think that the board will:

A. Put these funds carefully aside so that they can repay the bonds on the due date?

B. Award themselves grotesquely inflated salaries and bonuses .... because they can?

JakNife
Posted at 19/3/2024 08:52 by moonshine1
If SAE's tidal stream turbines could be used in the Bristol Channel, the Uskmouth BESS site is ideally situated to store the energy produced. Add in a few ITM electrolysers, and SAE could be at the centre of the UK's electricity and hydrogen generation. Wild speculation :)
Posted at 15/1/2024 08:59 by gepetto100
I wouldn't say MeyGen is a mystery- perhaps the wrong term. Phase 1 is operational, Phase 2 and 3 have Contracts for Difference awarded.https://saerenewables.com/tidal-stream/meygen/And in relation to BESS SAE has developed and recently sold its first BESS project to Quinbrook Infrastructure Partners, this 230MW project is currently under construction.3 further projects are in development with an aggregate capacity of 719MW and grid connection dates starting in 2026.Depends
Posted at 28/12/2023 11:04 by gepetto100
The figures coming out of COP28 are eye catching for this sector. 7000GW vowed by 2030, enough to power the UK 70 times over.According to the International Energy Agency 500 gigawatts of global renewable energy added this yearAnd share prices in renewables are set to triple. Looks as if SAE are set well
Posted at 27/12/2023 14:06 by skinny
Update on Abundance voting

Following the announcement on the 5 December 2023, SAE confirms that more than 75% of each class of the Abundance bondholders by value have voted in favour of the requested amendments to the debenture deeds. The amendments to the deeds are therefore implemented with immediate effect.

SAE would like to thank all the bondholders for their continued support.
Posted at 22/12/2023 12:07 by the imperialist
Essentially we're following one of the most textbook accumulation phases I've seen in a long time. I've tried to align the schematic with the current SAE chart.

Hope this helps.

PS: Behind the schematic is my 8.5p target zone.
Posted at 22/12/2023 09:59 by the imperialist
I take your point, but I work on technicals alone. My approach, which has served me very well indeed over the last 20 years, is based on everything being factored into the price action.

A break of that 3p resistance comes next for SAE, I don't know why, I don't know what the catalyst will be, but I know with a certain degree of certainty that it will.

Just out of interest though, isn't a vote against by the bond holders like turkey's voting for Christmas?
Posted at 08/9/2023 08:07 by skinny
SAE secures support to deliver another phase at the world leading MeyGen project

SAE is delighted to announce that it has successfully secured 4 Contracts for Difference (CfD) in the latest allocation round, for the world leading MeyGen site. These CfD contracts, which guarantees GBP198 (GBP/MWh), for 15 years from 31(st) March 2028 commissioning date, will allow SAE to deliver a total of c.22MW of clean, home-sourced, predictable power at its MeyGen site in Scotland.

SAE has been making good progress on the delivery of the 28MW secured in the AR4 round (July 2022) and the success in this round will help the project achieve greater economies of scale and address the significant cost increases faced by those successful in 2022.

By delivering these projects in parallel, SAE will be delivering a 50MW tidal stream array, in addition to the 6MW already operational at the MeyGen site. This is the equivalent of over 65,000 homes per annum being powered by the tide. To deliver these projects, SAE is in advance discussions with a consortium, involving global manufacturing and engineering firms, which will see the deployment of 3MW turbines. These turbines will be the most powerful tidal turbines ever deployed. SAE is working to ensure the project achieves the maximum benefit for the UK and Scotland, with the potential for a turbine manufacturing facility being established near the site.

This milestone has been achieved thanks to the huge support of the SAE shareholders, stakeholders, and project partners.

This is another important step for the project and the industry, but it is vital this progress is maintained. SAE looks forward to working with all stakeholders to ensure that the next auction round delivers greater scale and unlocks the full potential of both the MeyGen site and the wider industry.
Posted at 24/7/2023 07:02 by skinny
SAE receives next payment for BESS project

Further to the Company's announcement on 23 February 2023, SAE is pleased to confirm that it has now received the GBP4.0m development premium from Uskmouth Energy Storage Limited ("UES"), as part of the arrangements that allow UES to deliver a 230MW / 460MWh battery energy storage system ("BESS") at the Uskmouth site.

This marks another major milestone in the delivery of one of the largest BESS projects in the UK and the unlocking of value for SAE and its shareholders.

Following the Company's update on 27 June 2023, SAE can also report that it is making good progress with finalising its audit and is on track to publish its Annual Report for the year ending 31 December 2022 later this month.
Posted at 22/3/2022 09:48 by manual dexterity
IMEC Atlantis Energy Limited SAE signs Heads of Terms
22/03/2022 9:45am
UK Regulatory (RNS & others)

Simec Atlantis Energy (LSE:SAE)
Intraday Stock Chart

Tuesday 22 March 2022

Click Here for more Simec Atlantis Energy Charts.
TIDMSAE

RNS Number : 5880F

SIMEC Atlantis Energy Limited

22 March 2022

RNS

22(nd) March 2022

SIMEC ATLANTIS ENERGY LIMITED

("SAE", the "Company" and, together with its subsidiaries, the "Group")

SAE signs Heads of Terms to progress Uskmouth Sustainable Energy Park

SAE is continuing to progress the development of the Uskmouth site into a sustainable energy park. To facilitate this, SIMEC Group, a c.29.7% shareholder in the Company and which sold the Uskmouth project to SAE, has agreed to provide the necessary consents for such development pursuant to rights that it holds under a lease on land at Uskmouth and under a debenture for an existing GBP2 million convertible loan from SIMEC Group to SAE.

SAE has entered into a Heads of Terms with the SIMEC Group, which commit SAE to establishing a SPV, owned 85% by SAE and 15% by the SIMEC Group, which will hold the land and assets required to progress sustainable energy projects at the Uskmouth site. An agreement will be put in place providing for a share of revenue from any projects realised at the site in accordance with the SPV shareholding percentage and for full step-in rights for either party in the event of insolvency of the other party.

SAE understands that the SIMEC Group (via SIMEC UK Energy Holdings Limited) owns approximately 29.7% of the issued share capital of SAE. As a result, pursuant to AIM Rule 13, the entry into the agreement described above will be deemed a related party transaction. The Directors of SAE (all of whom are independent for these purposes) consider, having consulted with SAE's Nominated Adviser, Investec Bank plc, that the terms of the agreement are fair and reasonable insofar as the shareholders of SAE are concerned.

For more information please contact:


+44 (0) 7739 832
SIMEC Atlantis Energy Limited 446
Sean Parsons, Director of
External Affairs
----------------------
Investec Bank PLC - NOMAD +44 (0) 20 7597
and Joint Broker 5970
----------------------
Jeremy Ellis
Ben Griffiths
----------------------

Arden Partners PLC - Joint
Broker +44 (0) 20 7614 5900
----------------------

Ruari McGirr
Richard Johnson
Simon Johnson
----------------------

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