Simec Atlantis Energy Share Discussion Threads

[clabburn] 08/9/2020 16:33

Thanks for sharing. Some good detail contained in the slides! I do hold the management in high regard and have always felt TC is a very strong communicator and has a good eye for a deal.

[skinny] 08/9/2020 13:17

Yes - a very good presentation - refreshing!

[tempesttroy] 08/9/2020 12:37

Brilliant!

[x54v] 08/9/2020 11:58

AGM Presentation

[tempesttroy] 07/9/2020 16:52

If you've been an investor for 5yrs or so I can only imagine the pain. I think you're absolutely spot on with your analysis & viewpoint. The Government needs to take their blinkers off & accept renewable tidal energy for what it is. Embrace the technology and provide any funding it needs. It's going to play an ever increasing & important role in the future of energy and furthermore, the energy itself is guaranteed. I'll come off my high horse now!

[tempesttroy] 07/9/2020 16:52

If you've been an investor for 5yrs or so I can only imagine the pain. I think you're absolutely spot on with your analysis & viewpoint. The Government needs to take their blinkers off & accept renewable tidal energy for what it is. Embrace the technology and provide any funding it needs. It's going to play an ever increasing & important role in the future of energy and furthermore, the energy itself is guaranteed. I'll come off my high horse now!

[clabburn] 07/9/2020 16:05

Absolutely right wheeze. The tidal tech is truly impressive and is what got me invested in this company to start with. Signs that things are improving on that front with the recent ocean energy consultation. I do wish the government would drop their obsession with competition, 'value for money' and technology neutral approaches when it comes to energy though. It is one of the most policy-dependent sectors imaginable and needs to be based on long term planning, developed by people with vision and an appreciation we are living through another industrial revolution. Markets and competition on their own are not enough. Focusing on cost per MWh whilst ignoring all the benefits tidal brings is very short sighted. Developing 10GW of tidal would play a very important role to energy security and would be easier for the grid to balance than the same amount of offshore wind and you would get a new global export business as a bonus. In a similar way deploying tidal barrages as part of a flood defence programme would be money well spent as well, even if it cost more up front than building a solar farm or new gas turbine. As I say, I'm hopeful that after 5 years of going backwards the penny is starting to drop but Im not counting any chickens yet.

[wheeze] 07/9/2020 14:44

Seeing the conditions out here on a relatively calm day, hugely raises my respect for the Simec Atlantis engineering team. The ability to harness tidal energy in a challenging environment like this should be recognised nationally. It's high time UK plc took notice of these achievements.

[wheeze] 07/9/2020 14:36

Just outside Dunnet lighthouse, the most northerly bit of Britain. Thought it appropriate to make a top up in Simec Atlantis - just added 5000 at 29.6 - a bit pricey but worth it, sitting here looking out across the Pentland Firth (near enough!)

[tempesttroy] 07/9/2020 14:29

I totally agree with both posts here. What comes first:
a) Incinerator
b) Power generator

It's a little "chicken n egg" asyou must burn the waste to generate power and with it all sorts of rules & regulations to adhere to including E.g. carbon emissions. In so far as my understanding goes SAE have all bases covered so, in theory, a new permit should be forthcoming. Nevertheless, a gamble all the same. This is just one further milestone to overcome. We then need to spend time reaching the next one so much patience will be needed. Not sure if SAE's own board are buying? Always a good sign if they are!

[tempesttroy] 07/9/2020 14:18

Quite agree. I can't see any justifiable reason why a new environmental permit won't be issued but one can't take anything for granted these days. I guess this is all part of the gamble with SAE. The view I have is that with or without Uksmouth the long term share price has mileage but with Uksmouth, it has short, medium & long term prospects.

[clabburn] 07/9/2020 14:06

Rogerramjett - agree with you here. Environmental permits represent a genuine milestone and we wont get news on that until at least October by my reckoning. That said, Im confident the company have done their due diligence and have shown good capacity to be flexible in accommodating local concerns so far (e.g. dropping plans for a pellet processing plant on sight to alleviate traffic impact). The fuel tests were very thorough and there is no denying this is better than coal as you say. I'm less concerned about planning permission from Newport City Council. The project has strategic importance to the area and is inter-twined with plans to modernise the Liberty Steel plant down the road. Combined, these two project represent a lot of jobs for the area as well as significant rates for the council so will hopefully get approved quickly if Natural resources Wales agree as well.

[rogerramjett] 07/9/2020 14:06

Reading the environmental consent application it appears that Simec are trying to demonstrate that the plant is not effectively an incinerator in respect that it does not just burn waste first and generate power second. It is also not collecting a gate fee.

Simec are demonstrating that it is not to be treated as a new incinerator but are trying their best to comply with the IED requirements regardless.

In terms of efficiency ie MW generated by MT of fuel they are more than compliant but there is obviously much more to it than that.


We will know when we know !

[tempesttroy] 07/9/2020 13:59

Quite agree. I can't see any justifiable reason why a new environmental permit won't be issued but one can't take anything for granted these days. I guess this is all part of the gamble with SAE. The view I have is that with or without Uksmouth the long term share price has mileage but with Uksmouth, it has short, medium & long term

[skinny] 07/9/2020 13:33

A bit of a spike up.

[rogerramjett] 07/9/2020 13:27

I agree, I think 100p could be achievable on completing the key milestones to financial close and at start of construction but that will not be by end of the year.


I really hope that there are no issues with the environmental permits. The project will not please everyone. I am sure that Simec will be working very closely with the right people to ensure they meet the environmental requirements and above all else it is not a new site and the subcoal pellets are certainly cleaner than coal whilst removing non-recyclable waste from landfill and potentially having to sell it to someone else to deal with overseas.

[tempesttroy] 07/9/2020 12:16

Really interesting stuff. While I think £1.00 a tad optimistic by yr end I think it entirely possible we could see a doubling of the currently priced share price Just got to keep achieving the timed & targetted milestones including the Environmental permit this month. I feel sure, we, as investors will soon be riding on the crest of a (tidal) wave. Pun very much intended!

[x54v] 07/9/2020 11:59

Myles McNulty clearly very keen. Reckons 100p is possible by EOY.

"Core LT investment, #SAE @simecatlantis, has cooled off since its debt finance RNS two weeks ago.

At 25p, I still think my TP below is possible, before year end.

Beyond the below 3 catalysts, there is also permitting at Usk, and potentially even an early financial close."

[rogerramjett] 07/9/2020 11:55

another 6250 added at 27.4p. Again, not sure it is timed to perfection but not a position I will be trading today 😉

[rogerramjett] 07/9/2020 08:22

more buys than sells. My buy was below mid price so will show as a sell.

26.96p for 13750.

Just hope they get the environmental permit this month. Hurdle out the way.

[tempesttroy] 07/9/2020 07:57

I'd say money well spent. share price appears to have dropped 1st thing this morning due to volume of selling activity.

[rogerramjett] 07/9/2020 07:34

added 13750 this morning. Holding a few extra back incase we see a little retracement because of general market conditions

[tempesttroy] 06/9/2020 08:16

Completely agree rogerramjett and I think that's why Uskmouth is receiving a lot of attention and quite rightly so. Time will tell as it always does but I believe we are onto a long term winner. In the shorter term and if memory serves me correct SAE are looking to attain their environment permit which they need and is expected this month sometime. This would mean another key milestone reached leading to (hopefully) a furthet spike in share price

[rogerramjett] 06/9/2020 07:47

TempestTroy. I just thought I would look at the NPA fuel partnership figures and it really is mind boggling based solely on Uskmouth. The same model being rolled out in South Korea with Hana, who clearly have an appetite for these projects would put Simec Atlantis Energy at another level.

[tempesttroy] 06/9/2020 07:38

Completely agree with both previous posts as would, I'm sure the board of directors at SAE. I believe, Tidal energy alone is worth the investment bit over recent months has almost been set to one side in favour of Uskmouth. It's easy to see why. Uskmouth is of global interest due to the number of defunct and soon-to-be defunct coal fire power stations across the world. It very much looks like Simec Atlantis have found the means to provide a stay of execution to these sites. Let's not forget the tie in with Hana & South Korea. There's so much going on with SAE the mind boggles. All boding well for the future for the share price I'm looking to make a further investment next week in a SIPP.