Simec Atlantis Energy Investors - SAE

Simec Atlantis Energy Investors - SAE

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Stock Name Stock Symbol Market Stock Type
Simec Atlantis Energy Limited SAE London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.09 5.77% 1.65 11:40:10
Open Price Low Price High Price Close Price Previous Close
1.525 1.525 1.65 1.65 1.56
more quote information »
Industry Sector

Top Investor Posts

clabburn: Certainly not bullish. Its a case of hanging on for 6 months and hoping for a CfD win. If they get one I think the business will be able to recover. It would significantly increase the value of Meygen equity and demonstrate that their tidal tech has legs. Once it is de-risked they would be able to then sell off a chunk of the project, sentiment would improve and they should be able to raise fresh capital and refinance debts. The French project should then come through and they would have a further 300MW expansion of Meygen open to them. Thats the scenario investors are holding for. It requires a lot of things to go right and some extremely skillful leadership.
one_frankel: When a company is in such desperate measures they'll be forced to offload their assets for next to nothing...And the placing will cover their exorbitant costs not much else so don't get lured in until there's some more clarity to their future...But I feel for investors here, what a bloody farce.
one_frankel: An oversubscribed placing on nothing more than hoopla...There is no doubt investors have been taken for a ride here!...And Gupta is just an unscrupulous businessman whilst this is just a binary trade on the outcome of the Welsh assembly now...Is it wise to take a punt on such risk, I really dont think so.
zen12: ArdenSIMEC Atlantis Energy have raised £2.6m at a share price of 2.5p in a fresh equity raise, representing 16% of the enlarged share capital. The company now have the working capital to support its operations whilst they wait for Natural Resources Wales (NRW) to process its environmental permit for the Uskmouth plant. We expect NRW to complete their review by the 6th of October and the public consultation to be complete by the 19th of October. NRW are scrutinising the compliance of the permit with law and therefore are not discretionary as conventional planning permitting. Simec are confident that their permit is compliant with EU and UK legislation and defined in plant permits by NRW. We are not currently rating the stock nor providing a target price during this process. The result of the permitting will dramatically change the near-term direction of the company. Investors are rightfully scrutinising binary risk around the plant. Following a permit being granted, Simec's near term earnings prospects will significantly widen its financing options. Notwithstanding the permitting, Simec has a joint venture with N+P Group for the supply of pellets as well as the core pellet combustion technology developed with Mitsubishi Hitachi Power Systems. Uskmouth is the pilot project. SIMEC wish to use this pilot to distribute the technology to a far broader base, possibly through licensing. Uskmouth is not the only site where the technology and pellets can operate. It is for now where SIMEC are focussed and engaged. Whilst the near-term financials of the company place significant concentration risk on this catalyst, it need not render the company palliative should permitting not be granted given the number of coal stations the world over. Uskmouth has the potential to generate £29m in FCF in year two and £50m in year three.
tomboyb: I hope so - MMs mark up and then rely on investor psyche to sell thus allowing MMs to buy back cheaper -
zen12: Expect strong bounce at its hit placing price...placing gobbled up by all private investors so nothing for PIs here.
alexios1201: 8.5 boomDave went to look for the coins...What a clown he probably cost few unaware investors this lovely ride
tempesttroy: I suppose the question for most of us investors is how many times must we average down? Today's share price has fallen further still and at the time of writing is trading at a 52 week low. I must confess, I'm sorely tempted!
jakecat1: I would say that savvy investors... many of whom will have fresh ISA allowances burning a hole in their pockets... are becoming increasingly aware of under the radar and unfashionable green energy stocks...The really savvy ones will also be looking at charts to engage in a spot of bottom fishing. Buying at the low points following the last few months of volatility.SAE ticks both of these boxes for the savvy investor in my view...
tempesttroy: My understanding is that Miton have reduced their shareholding from circa 5% to 2.65% hence the recent reduction in share price Anyway, with all that's going on with SAE over all 3 of its divisions, next year really does look like it could be transformational and with it, greater investor value. On that note, I wish all SAE investors and SAE inquisitive investors a healthy & wealthy new year.
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