Simec Atlantis Energy Share Discussion Threads

[mach100] 15/8/2020 12:49

Hi Bish, I have II and AJBell and neither allow regular investments in SAE (for a cheap rate I mean). Personally I find II much better.
In terms of protection from the tax man if you are a UK resident you can put UP TO £20,000 in a SIPP and any gains are tax free. If you make sizeable money you could sell up to the annual allowance of around £12000 without CGT but you have to account for all your other trades too I assume. You can transfer a certain amount to a spouse or civil partner if you have one.
I am sure other posters can give more comprehensive advice but those are my views on the question.

[volsung] 15/8/2020 12:43

...or ISA of course

[volsung] 15/8/2020 12:43

You could do worse than a SIPP with Hargreaves Lansdowne. Been with them now since 2015. Quite satisfied

[bishfund] 15/8/2020 12:32

Advice please. Personally I see this share as a long term hold and a potential multibagger. I currently have a trading account with II, which seems pretty poor compared to what it wss 10 years ago when i last used it. What would be the best way to hold the shares i hold in SAE for the longer term but allows me to top up when the oportunity arrises and protects me from the tax man, if this does turn out to be a flyer? Any advice is much appreciated.

[pro_s2009] 15/8/2020 00:10

Certainly looking strong.

[x54v] 14/8/2020 17:16

Chunky 18p buy after the bell.

[ih_434834] 14/8/2020 16:55

Stay long.

[volsung] 13/8/2020 14:47

Cheers skinny

[skinny] 13/8/2020 14:25

Grrrr.

Well done.

[volsung] 13/8/2020 14:24

Yay!
My PB shares are in and showing a nice 37.5% profit

[volsung] 13/8/2020 11:23

Wish my PB shares would turn up

[clabburn] 13/8/2020 10:22

Thanks for the insights muchshifter. A lot of the excitement around this project is the potential for it to scale massively so this is a good thing for investors to focus on. It sounds like something that has direct baring on how easy it will be to get future conversions approved. My feeling is that local authorities will be receptive to projects like this which will safeguard jobs and bring in substantial business rates for hard up councils but there are no guarantees. It is clearly a far better option than building gas plants or incinerators though.

[muckshifter] 13/8/2020 07:43

Thank you clabburn and BEAGRIE for your replies. All I've been able to find is that the ash, which is approximately 20% of the input pellet weight, is expected to go to the original ash tip by road, which is close to the power station. But this tip has at least partly been handed over as a nature reserve area, I believe. Hopefully the pollutants within the coal ash that made approval of its use difficult, in an ideal role as lightweight imported road embankment fill, is less of a problem rather than more with this ash, as coal residue contained heavy metals, but confirmation would have been pleasing.

[beagrie] 13/8/2020 06:42

Muckshifter, my understanding is that the pellets will be delivered by rail and the ash transported out by road, however I do not know its destination or what it will be used for.

[clabburn] 12/8/2020 20:18

I can answer question 1 - natural resources wales have not yet approved the variation. They are still gathering information ahead of making a decision. My best guess is this will come in October. For the second question you would probably need to trawl the information on the public register.

[francoismyname] 12/8/2020 20:16

These are going over 20p this week.

Think it’s about to motor tomorrow

[muckshifter] 12/8/2020 13:23

As an ex holder of Atlantis shares who really liked the fact that they were pushing a totally reliable form of renewable generation, but sold out at a profit after realising that the UK government were as short sighted as ever and would not back it, I find the current situation intriguing, and would welcome any information from those here who have been following progress carefully over the last couple of years.

Two questions that I've been unable to find answers to were:-
Has the variation to the existing environmental permit, from burning coal and biomass to the fuel pellets been approved by Natural Resources Wales. I couldn't find anything definite, but assume the change must have been approved or expenditure on the burners and design work would not have progressed?
Secondly, I could find nothing on the disposal of the resulting 20% of input as PFA or furnace bottom ash. Presumably the original coal fired station tip is being utilised, but I could find no details of where it is etc, and my experience of these two materials found resistance to their use as road fill etc. In this context, is the waste PFA "taxed" at tip as inert, and is it still able to qualify?

[brownbear3] 12/8/2020 13:18

I don't think so , there's lots of scope with simec . I'm holding long term .

[volsung] 12/8/2020 12:38

Sill waiting for my allocation from PB. But I got £50 back from Jarvis yesterday so they've probably given me most of my allocation. Be nice to see them in the PF though

[skinny] 12/8/2020 12:29

What a shambles they are - I got multiple times my allocation with EQT and this time, they were unable to send me a password reset link!

[shareman1111] 12/8/2020 12:28

Cheers - do you think there will be much flipping for placing shares ?

[brownbear3] 12/8/2020 12:18

Nope , said would be in for the 11th ?. Had this with Eqtec....

[shareman1111] 12/8/2020 12:14

Has anyone got there primary bid yet?

[rogerramjett] 12/8/2020 11:23

if a local authority is involved i would never underestimate a turn around time for gaining approvals.

[rogerramjett] 12/8/2020 11:05

Q4 is the suggested target date for permits i believed.

It is waste and put to good use. Removing non recyclable plastics from landfill and utilisng this for low emissions power generation. Could take of globally.