Simec Atlantis Energy Share Discussion Threads

[jpuff] 06/8/2020 21:55

I agree with an earlier observer that they need to be absorbed into a larger and better run and resourced engineering business with a track record of delivery and profitability.

[jpuff] 06/8/2020 21:52

Certainly not based on past performance

[volsung] 06/8/2020 19:24

I think there will be a very good ROI jpuff.

[francoismyname] 06/8/2020 17:10

I bought over 200k shares into the close at 12.8p.

Feel there is big big potential here and was on my radar a few weeks back.

Lets hope the BOD deliver on their promises .

[jpuff] 06/8/2020 17:06

A return on your investment?

[volsung] 06/8/2020 16:35

I hope to buy in because the chart looks v good and its in the business of green energy.
What's not to like?

[jpuff] 06/8/2020 16:28

Not exactly setting the world alight with shareholder returns are they despite their interesting niche technologies. Beginning to look and feel like a pup to me!

[bishfund] 06/8/2020 16:22

Having read the detail on the N+P deal, including the payment they will receive per tonne supplied to Ux and others, my view is the dilution is more than compensated for. When i originally bought into this, i raised a question on here about the arrangement with the fuel we are investing in, only to be informed we had no rights to it, so just being the receiver of it. This left me thinking we could potentially be left short of fuel and what stops others converting other plants, replicating Ux and buying from N+P themselves. This JV is what i felt was missing from Simec being a one stop shop for future conversions and makes me much happier with their business plan and USP

[blomers] 06/8/2020 16:02

I bought into here based on Meygen as they had proven the tech and were about to install a load of turbines on top of the initial four. I figured that was low risk and generating more and more profit as they roll out the turbines.

Three years later and they've deployed zero new turbines and gone off one some random project after the Simec takeover to burn plastic.

They've certainly managed to burn money!

I'm feeling a little disillusioned...

[velvetide] 06/8/2020 13:26

imo, looks like an operation better suited to being an arm of an engineering company with some sort of balance sheet.

[bishfund] 06/8/2020 12:55

I spoke too soon, its all covered in a article on marketscreener

[jpuff] 06/8/2020 10:51

Try emailing them?

[bishfund] 06/8/2020 10:32

So many questions. I was of the belief that we already had a deal with N+P and some sort of exclusivity for the supply of the fuel so not sure why we have to buy into it now?
They dont seem to be mentioning anything about it on their site, so it cant be that big for them. What exactly are the simec board buying and what does it give us? Is there anyway of asking simec these questions?

[volsung] 06/8/2020 09:42

That’s why I only put into for a relatively small amount on PB. Will add on any weakness

[jpuff] 06/8/2020 08:32

You'll probably be able to buy them for 10p in the open market after the placing (I.e. below placing price) - seen it happen with virtually every primarybid offer over the years!

[volsung] 06/8/2020 07:43

I’ve put in for a grand or so. Some interesting projects

[wilc42] 06/8/2020 07:25

Was there any hint if this coming?

[jpuff] 06/8/2020 07:20

As you say, it doesn't install much confidence when they have to use a platform like PrimaryBid to raise funds from small private investors at a 35% discount each chipping in a hundred quid. Doesn't look a serious company but more of a Sirius Minerals type outfit to me now. Ambitions well beyond their resources and ability probably. I'll be looking to sell now into any rise in futures. JP

[volsung] 06/8/2020 07:15

Anyone can buy but I think preference may be given to existing holders

[jone06] 06/8/2020 07:13

I've not used primarybid.com before, am I right in saying anybody can buy at 12p rather than just the IIs or is it existing share holders only?

[wheeze] 06/8/2020 07:11

The U.K. government needs to realise that they need to support alternative energy projects, particularly those on the scale of Simec where there is an element of financial risk. We have world leading technology and should attract much higher valuations. Instead, they are forced to go to the market, cap in hand to raise a measly 6 million.Wake up U.K. plc.