Simec Atlantis Energy Share Discussion Threads

[beagrie] 21/8/2020 06:58

Reading between the lines the facility should cover them for both phases then.
Not sure exactly how these things work but I am assuming they will continue to draw down funds for both phases as and when required,Brilliant news, lets see what the market thinks !

[rogerramjett] 21/8/2020 06:53

Yes. I believe you are correct. Including contingency. They are well covered for phase 1 then.

[beagrie] 21/8/2020 06:38

Correct me if I am wrong but I thought 180 million was the cost given for the total conversion not just phase one.

[rogerramjett] 21/8/2020 06:17

This is fantastic. Fully financed project to a total of £170m. No dilution for shareholders either.

I can see SAE being a huge organisation with a very diverse project portfolio.

They are very aggressive in respect to the way they approach a project even partnering to manufacture and secure fuels and potentially sell these globally should this conversion be widely accepted.

Very intelligent business people behind SAE

[x54v] 21/8/2020 06:05

Excellent news on financing. Just the start of a significant journey here.

“This agreement with Hana reflects the high level of international interest our world-leading conversion project has and we believe that this is a stepping stone to further conversion opportunities across Asia and indeed globally."

[rogerramjett] 20/8/2020 14:07

It reduces landfill and they will have very stringent emission targets to achieve reducing NOx and carbon etc. Its much cleaner than burning coal which the process is designed to replace, extending the life of existing coal fired stations. It is not like buring rubbish in an incinerator. The pellets are manufactured and testing to meet specific criteria and produce a specific calorific value.

Whether you like it or not the world has a problem with non recyclable plastics and SIMEC are presenting a solution to reduce the mess.

[gbjbaanb] 20/8/2020 11:34

If you stick a load of rubbish in a hole, quite often it combusts anyway and a lot of carbon gets released. Not to mention methane as it decomposes. Meanwhile you burn gas for electricity.

Why not burn the rubbish instead and reduce the amount of gas burned!

It's not "green" but it is green-ish.

[wheeze] 20/8/2020 11:12

Agree, I am not a great fan of combusting plastic waste.Much prefer if they promote tidal energy - such a brilliant concept and now well established technology thanks to Simec

[dalep716] 20/8/2020 09:06

I hesitate to invest here despite some big brains advocating this simply because of the obvious, it solves the waste plastic issue while contributing to global warming. Also, not clear about how the waste product is used. All input welcomed.

[clabburn] 20/8/2020 09:01

The simec connection is huge and often overlooked. This plant was built in the 1960s to serve the steel works. It makes sense that continues post conversion but wise also to have options like the data centre given how tough market conditions for commodities are right now. I agree they seem to be genuine about building a sustainable model for metals. Sanjeev Gupta seems to get a lot of unfair negative press in my opinion. I'm a big fan. He has a huge vision and has been putting all the pieces of the puzzle together over the last few years.

[wheeze] 20/8/2020 07:14

Absolutely on topic....hTtps://news.sky.com/story/california-wildfires-pilot-killed-tackling-blazes-after-11-000-lightning-strikes-in-72-hours-1205280611,000 lightning strikes within 72 hours.Climate change - what climate change ?Governments need to wake up and embrace green energy

[rogerramjett] 20/8/2020 07:01

And only an £87m MCap when the asset value, as per the broker note is £325m.

Over due a correction.

[rogerramjett] 20/8/2020 06:59

Yes, very. Because if the power station is to provide the steel mill that means they will agree a price directly with them below the unit cost for a customer of that size buying from the network but above the wholesale price. This could be similar to the DC's but on a much larger scale due to the power requirements of a steel mill.

Its possible that not much power would go to grid and Uksmouth may be a local provider of energy at a favourable price to customers and to SIMEC. Win Win.

Really like SIMEC. They really do seem to be attacking this renewable and sustainable energy and considering everything on a very large scale.

[beagrie] 20/8/2020 06:28

hxxp://www.simec.com/news/simec-infrastructure-acquires-bird-port-and-cargo-services-ltd/

Very interesting.

[rogerramjett] 19/8/2020 08:10

No, but I just looked again. BP technology development leader.

Nice.

Just goes to show who has their eyes on SAE

[beagrie] 19/8/2020 07:14

rogerrramjett, did you notice the first comment on the linkedin post and who it was from.

[rogerramjett] 18/8/2020 20:20

incase missed this week I have posted a link to the installation of the AR1500 which has been upgraded and now installed at MeyGen.

Maybe they will RNS this but believe this was already known.

However. Now installed.

More online power and revenue for SAE !

[mach100] 18/8/2020 15:59

GB II also provide this service but have no commission ( on the third weds of each month) and have a more extensive range of shares than AJbell. Included in your £9.99 monthly charge is a trading credit of £7.99 which is useful if you wish to buy or sell outside regular investing. Halifax also provide a regular investing service at £2 a trade. Iweb I don't have so can;t comment.

[gbjbaanb] 18/8/2020 00:09

If you're holding for the long time it doesn't matter, a transfer to a new broker is easy and cheaper but they can drag they heels a bit. Best go ask on a different board though, this is offtopic to SAE. Try the lemonfool.co.uk for more info.

[bishfund] 17/8/2020 15:26

Thanks for the responses, very much appreciated and i think i will defo dump II, they are nothing like what they were. I have c 50k shares in SAE held in a trading account so now wonder is there anyway to transfer these, or just have to sell up and rebuy in another platform?

[gbjbaanb] 17/8/2020 14:53

@467. Bishfund: I would dump II because it is rubbish these days. Charges £9.99 every month too.

Get an account with iWeb. They may (can't remember if still applies) charge an one-off fee, but then holding shares in their ISA is free. No monthly fee at all. they're also cheaper to trade (£5).

TRhe only one I know of that has a regular investment feature - where they will buy shares on a set day though (no doubt pooled with everyone else to keep costs down) is AJBell which are good, their fees are reasonable (0.25% capped at £30 a year max) and £1.50 to buy using the regular investment option.

[clabburn] 17/8/2020 12:31

In your position I would look at the Freetrade app which recently added Atlantis to the platform. I think the ISA account option is £3 a month and basic trades are free for topping up.

[mach100] 15/8/2020 11:49

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.