Simec Atlantis Energy Share Discussion Threads

[wheeze] 28/8/2020 10:24

That certainly makes sense - cheers

[skinny] 28/8/2020 08:49

Correct!

It means there are more free float shares.

[money multipier] 28/8/2020 08:31

I don’t think they’ve sold any. Just the dilution as a result of the placing.

[wheeze] 28/8/2020 07:09

Yes, the holding company seem to have sold around 15 million shares which may have netted them 4-5 million, I guess. Interesting that they are based in BVI.

[blueball] 27/8/2020 20:18

stay long.

[clabburn] 27/8/2020 20:04

Still lots of upside. I spent three long years in the red with this stock. Finally recovered it in June by averaging down. Very glad I persevered!

[gbjbaanb] 27/8/2020 14:09

Or a 150% rise for those who got the primarybid shares. (Not me, silly me waited 10 minutes before attempting to buy, all gone by then!)

I hope (and expect) you'll get a 150% profit in time too.

[r9505571] 27/8/2020 11:02

Nice lift today. Almost back to break even!

[r9505571] 26/8/2020 08:13

Thanks for the advice all! Will try and use limit orders from now on.

[clabburn] 25/8/2020 13:30

Your question prompted me to do some googling on this and I did find plenty of evidence that waste to energy has been a big part of the strategy in SK so this bodes well. I imagine this solution would be positively received by policy makers. As you say, whether Atlantis and N+P can identify a reliable long term fuel supply is the big question. To be fair, it should be society's aim to make the subcoal concept redundant with better recycling and closed loop approaches squeezing incineration out but I would be surprised if SK are there yet.

[bishfund] 25/8/2020 12:33

Thanks Clabburn, yes my query was regarding the landfill taxes in place in SK to make this as attractive as the UK. A large proportion of the revenue at Uskmouth will be via gate fees, directly attributed to the landfill tax in the UK. After a bit of extra reading, SK were targetting 3% of waste going to landfill by 2020. This raises the question as to what capacity would there be to provide the raw material for subcoal powered plants there or if the costs they have associated with recycling the 97% merit our approach so we can get in onthe action? Im glad they are teamed up with local knowledge

[clabburn] 25/8/2020 08:55

Thanks for the numbers. I think a lot will depend on local policies are waste management. N+P can sell the subcoal so cheaply because they make good money from the gate fees they earn when taking the waste plastic in and landfill is now a very expensive option due to EU regs. It would need proper research but I imagine the situation is not that different in South Korea.

[rogerramjett] 25/8/2020 06:17

There is a good chance that coal anywhere is not as cheap as the pellets made from RDF that N+P/SIMEC will be producing.



See page 20 for a UK cost comparison.

Sub Coal Pellets will cost Uskmouth power station £4M/T

Whilst Coal is £70M/T

The Gj/£ comparison is 5Gj/£ for Sub Coal pellets and only 0.38Gj/£ for Coal or they can produce 13 x the energy of coal for the same price.

So the sub coal pellets are clearly much much cheaper than coal. Certainly based on UK figures.

[bishfund] 24/8/2020 18:46

Suspect the price of coal in SK is dirt cheap. Does anyone know if they have anything like the UKs landfill tax, that would give a value to disposing of the plastic waste?

[rogerramjett] 24/8/2020 18:16

Very interesting.

South Korea is 'white hot'.

10 recently closed coal fired station could be the target of future projects.

TC sounds keen to develop the business in this region which is reliant on coal.

[rogerramjett] 24/8/2020 18:13

Try this, well worth 6 minutes. Released today.

[clabburn] 24/8/2020 17:05

Interview with the CEO today:

[...]

[wilc42] 24/8/2020 16:59

All been there. I sold my daily profit at about 9:30 this morning and bought back in just before the bell. Soda law it goes south tomorrow.

[mach100] 24/8/2020 16:51

r9505571
24 Aug '20 - 12:56 - 519 of 522

Sage advice so far. I would add if it goes above 30p again in the next day or two I would buy as it will be establishing a new trading range and possible breakout. A lot of those who have taken part in the placing will have their shares washed through by now and it is possibly what is suppressing the share price under 30p currently. If you are going to make a sizeable purchase you could buy half immediately and half when the price reaches certain levels up or down. For example 25p or 32p. Having bought at 28p either buy in would be in your favour for your second purchase.

[clabburn] 24/8/2020 15:36

At the current market cap I personally dont worry about a few pence either way with this stock. A lot of price targets are up around 70-80p at the moment and there is a good chance these will go a lot higher if the company executes its plans. If that happens then you will be quids in regardless. Im more focused on events now and am waiting for the last few milestones to pass before adding any more (it's already the second biggest holding I have). That said, in recent times there have been bursts of activity with this stock and then quiet spells where the price retraces. If I was building a position I would try and make use of these periods where not much is going on and buy in increments. If Im buying a stock that I convinced will come good then I almost dont mind when the price goes down. It just means better average price for the holding and better gains when the re-rating eventually happens. For Atlantis my guess is that the next big news probably wont come until October at the earliest so there might be a slow period for a while that will allow you to pick up some bargains. A lot of people have made good money since the 13p equity raise and may be happy to cash in.

[rogerramjett] 24/8/2020 15:08

Place a limit order at the price you are willing to pay. If the ask drops it will trigger the limit.

Or don't buy on opening. Wait for the price to settle and retrace.

Problem is that you can get caught in the moment and just take what you can get your hands on. Its easily done