htTps://www.theguardian.com/environment/2025/feb/24/britain-net-zero-economy-booming-cbi-green-sector-jobs-energy-security?CMP=Share_iOSApp_OtherIt's good to see the sector is booming. This is clearly the way forward. We need to stop sending money to oil and gas producing economies |
Interesting article describing Proteus Marine's new AR3000 turbine. htTps://interestingengineering.com/photo-story/japan-first-tidal-turbineThe new turbine appears to be more efficient, has a modular construction and can adjust pitch and yaw.Also interesting that Simec/ Proteus marine has deployed tidal turbines in six countries I find this part of the business the most interesting- this to me represents the essence of human endeavour- battling adversity challenging the elements, harnessing the power of the sea and surviving against all the odds despite the financial pressures |
Although Maygen has not been the winner so far , a serious growth there and subsequent mega output could in theory be deposited into the BESS facility , now that would be serious profits for the group , with Data site benefitting being part of the Uskmouth triangle. |
Given the potential value creation at Uskmouth, SAE could do with a well funded partner like Brookfield or Quinbrook. With Simec holding 30 per cent of the equity, there has to be the possibility of someone acquiring their stake as an entry point. |
I find it very interesting how the MMs are always very happy to crash a share price-for example ceres power today, but when they move the price up, they do so ever so gently. Bar Stewards |
Well done SAE , lets get some serious investment into the company , target still 16p with ease. |
As I have postulated previously Uskmouth could become a very valuable site with BESS, other renewable generation, SMRs and Data Centres. They have a vision just need to get the right backing and restructure the Meygen debt |
Strange RNS to issue mid morning- I suspect they are planning to host data storage at the Uskmouth site, not just battery storage. |
Proteus is getting started. Hopefully this is the first of many...htTps://www.offshore-energy.biz/1-1-mw-tidal-turbine-hits-the-water-in-japans-naru-strait-gallery/ |
I would urge anyone considering an investment in Simec to have a read through this document- its rather long but will give you some idea of the potential of these large scale projects. htTps://www.policyandinnovationedinburgh.org/uploads/3/1/4/1/31417803/policy_and_innovation_group_uk_ocean_energy_review_2024.pdf |
Have you considered how much they have spent on the trying unsuccessfully to keep 4 turbines in the water. Thankfully they at least had the sense to let go of the turbine division. They also appointed advisers on Meygen later phases about two years ago. I think tidal has a future but SAE doesn't have the balance sheet to fund it |
Have you considered how much they have spent on the trying unsuccessfully to keep 4 turbines in the water. Thankfully they at least had the sense to let go of the turbine division. They also appointed advisers on Meygen later phases about two years ago. I think tidal has a future but SAE doesn't have the balance sheet to fund it |
Not really true except for the debt. The technology is certainly not unproven- MeyGen has been generating since 2018 and has yielded over 50 Gwh of electricity since. It is both reliable and predictable. Theyve been awarded a CFD in rounds 4,5 and 6 and appear to be working on delivering towards this. They are without doubt the foremost tidal stream energy technology in the world. So no, not unproven. |
You have to be kidding. Meygen is mired in debt, massively loss making and needs hundreds of millions to scale up an unproven technology. Totally reliant on GBE getting up and running. Would happily see it sold for one pound |
To take an opposing view, I believe that Meygen is the exciting part of the business. Scotland is leading the world in tidal stream energy- I don't think the debt will be allowed to cripple the project.Uskmouth on the other hand is the easy bit. Predictable. Safe. I for one look forward to Meygen's success. They have fought hard and deserve to survive. All credit to the current board. |
Different views are what makes markets work. 1. The point about pulling forward potential profits onto the balance sheet via Uskmouth revaluation is a valid one. But they must heavily discount the BESS project cash flows before doing this as the projects are still pre or in development. As they progress the discounts drop and the valuation will increase. 2. Meygen and proteus stake have very little value as there is substantial debt. I think a restructure is under way which should dilute SAE stake and remove the debt. 3. The Abundance debt is expensive and I think they will try and refinance this once BESS projects are live. 4. There is scope for a significant equity recovery ... but 16p is just plucking a number from the sky |
My apologies to the board, I should not have risen to the 'bad investor' jibe. |
Guys, how about we lay off the personal stuff please?
Let's debate the merits or otherwise of SIMEC and leave the comments about one another out.
Cheers |
Lol JakNife, you are spending an awful lot of time on a board where you have no stake. Your cool is slipping JakNife. I can understand your frustration, you're seeing a company which you had convinced yourself, was heading for bankruptcy. You are probably caught out on the wrong side of a bet, and you call me a bad investor? You know nothing about my investments or for that matter my mathematical prowess. Like I said, your concern for grannies and old age pensioners fools nobody. Simec is going to survive, you heard it here first.Have a good weekend and try to forget Simec Atlantis. The company seems to be living rent free in your head |
Jackie , just keep thinking 16p , hopefully by then you will still be spouting your negative view of this little gem. |
wheeze,
I'm not sure what you think that you're showing me?
I'm showing you the accounts that reveal a loss-making business worth diddly squat.
You're showing me a hope and a dream and a crowdcube funding that confirms that the business is loss-making ...
... they needed to raise funds to cover the losses that I've shown you!
Do you not even find it slightly ironic that they raised an amount of money almost exactly equal to the losses that they made in 2023?
This is why you're such a bad investor! You've put 2 and 2 together and have made 200,00,000! You can't even do basic maths!
BTW, I have made a typo in my original post, which I think that you meant to correct but then made the same typo, - I have changed 11% to 21% to avoid future confusion.
JakNife |
...and here's some morehtTps://www.offshore-energy.biz/proteus-marine-renewables-hits-crowdcube-funding-target-for-its-tidal-energy-tech/ |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
