Simec Atlantis Energy Share Discussion Threads

[robertspc1] 07/8/2024 08:15

Progress yes. But Meygen has 45m of debt due for repayment in the next three to five years. Absolutely no prospect of it generating enough cash to repay anything. Management need to remove that issue somehow otherwise the equity will remain distressed

[jotoha2] 07/8/2024 08:10

The company is moving forward , the potential for serious profits is now in place , debt will be reduced in time , now just watch for news for Maygen , Bingo!

[robertspc1] 07/8/2024 07:20

You forget the debt. SAE c15m and Meygen c45m. That's why the equity is lowly rated

[wheeze] 07/8/2024 06:50

Apologies, hit the submit button too early- was going to say todays RNS outlines costs of BESS and potential income:According to the Company's latest estimates, the BESS project will generate average annual revenues of £12m and annual average EBITDA of £9m per annum in its first five full years of operation. The estimated capital cost of the project is £65m, which includes the deferred consideration and transaction costs.

[wheeze] 07/8/2024 06:47

BESS at Uksmouth and Meygen up in the Pentland Firth. Two mammoth engineering projects helping to achieve this nations green energy goals. Surely worth more than current market cap of 16 million? Time for a re-rate I believe.

[jotoha2] 06/8/2024 12:45

Now what would be interesting if BP or Shell decided to invest directly into SAE for both Battery storage and Tidal, now that would cause a bit of action for all concerned.

[robertspc1] 06/8/2024 11:34

Interesting new financing structure for BESS. Penso Power signs 7 year tolling agreement with Shell for 330MWh battery project. Might offer a route for SAE to accelerate their projects whilst managing cash

[hamidahamida] 01/8/2024 01:39

AGM Special Resolution 7To authorise the directors to allot and issue equity securitiesConfetti party in the pipeline

[robertspc1] 31/7/2024 21:28

Meygen needs a new sponsor with deep $$$ pockets to fund the expansion plans. SAE doesn't have the balance sheet to invest any further money. Given the debt profile of Meygen I think it would be better for SAE to sell its interest and focus on the BESS opportunity at Uskmouth and Mey. Question is would anyone buy Meygen

[skinny] 31/7/2024 16:24

A bit more :-

[forethought] 31/7/2024 16:15

Meant to include the text to that link.....Following the positive announcement from the Department for Energy Security and Net Zero, our COO and MeyGen Director David Taaffe commented:"The team at SAE and MeyGen welcome the Government's announcement today to increase the budget for tidal stream deployment. Tidal stream energy can provide predictable renewable energy at scale, and we are fully aligned with the government's ambition in this regard. Our experience at MeyGen has taught us that the technology delivers and is now ready to be scaled. We would like to thank all those involved in championing the industry and the MeyGen site, and we look forward to working with the Government to ensure we maximise the opportunity."

[forethought] 31/7/2024 16:11

https://www.linkedin.com/feed/update/activity:7224414823831265281?trk=organization_guest_main-feed-card_social-actions-reactions

[forethought] 31/7/2024 09:06

A further £270m is earmarked for emerging technologies such as floating offshore wind and tidal, an uplift of £165 million.https://www.edie.net/record-1-5bn-budget-confirmed-for-uk-governments-renewable-energy-auction-round/

[jotoha2] 30/7/2024 14:33

17p coming enjoy .

[jaknife] 30/7/2024 14:12

jotoha2,

"the company is doing very nicely thank u."

On what basis?

When, for example, is the last year that the company made a genuine profit?

JakNife

[jotoha2] 30/7/2024 13:13

So we have a visit from Mr negative , the company is doing very nicely thank u.

[jaknife] 30/7/2024 11:04

If they could demonstrate profits then "serious industrial partner[s]", financial partners and governments would rush to want to work with them.

[robertspc1] 30/7/2024 10:59

AR6 budget details starting to leak. Should include boost for tidal. Think SAE need to bring in a serious industrial partner into Meygen alongside GBE. Otherwise it isn't gonna get expanded beyond the current immaterial scale

[wheeze] 30/7/2024 05:48

A couple of news snippets to keep you entertained...htTps://proteusmr.com/2024/07/25/proteus-welcomes-edward-richards-as-principal-mechanical-engineer/htTp://proteusmr.com.temp.link/2024/06/20/proteus-yaw-system-achieves-milestone/

[forethought] 29/7/2024 14:16

Upwards we go? Just need some volume to really get us going.

[forethought] 28/7/2024 11:57

Have added on this pullback to previous closing high. Feeling positive Miliband will give us a lift.

[jotoha2] 26/7/2024 08:53

Tiny number of trades this morning and the men in Black are giving it a right slap, naughty .

[wheeze] 25/7/2024 11:10

https://news.sky.com/story/keir-starmer-pmqs-conservative-leadership-contest-latest-live-12593360A tidal wave of investment- you'd think that was a coded message to tidal energy pioneers lol

[jotoha2] 25/7/2024 10:54

Nice to see Edd and the PM confirming 4 times that GBE will invest in tidal straight away !! Bring it on .