Simec Atlantis Energy Share Discussion Threads

[wilc42] 28/1/2019 19:13

What happened to the share price today?

[cwa1] 19/12/2018 07:51

Also, small tidying up announcement:-

[cwa1] 27/11/2018 08:18

Some chunky looking trades going through on the offer at the moment. Interesting.

[wheeze] 26/11/2018 13:45

Reassuring to hear your take on this rkitch. Have put these in the bottom drawer - they had better ten bag over the next decade. My main interest has always been in the tidal energy side of things. Even if the resulting energy is pricey, it's surely the way to go. The other stuff, I'm not so sure about... SAE is a world leader in tidal energy and could evolve into a company the size of Rolls Royce if tidal energy were to take off. One can but dream !

[rkitch] 25/11/2018 10:44

Hey Wheeze, I agree the Gupta thing is a bit cloudy, particularly in light of recent articles in the Sunday Times and FT re alleged cash concerns. It may be his route to generating cash is via business sales to SAE. But I'm not convinced that theses assets are over-priced, and Tim Cornelius is nobody's fool; distressed selling (if to some degree it is) invariably means better pricing for the buyer. Also though Gupta owns a substantial amount of SAE it is still a third party entity, lead by a pretty strong independant CEO.....who if I remember has a significant chunk of share options at about 50p. It wouldn't surprise me if the share price fall was triggered to some degree by the market becoming aware of the Gupta press coverage.....though at a fundementals level it makes little sense. However bear market trends do hit developing AIM companies harder....so that is also a potential reason.
With Uskmouth and Frances Tidal opportunity, real multiple share price growth is more likely in a couple of years, but like you I remain a patient LTH. Cheers

[wheeze] 25/11/2018 09:25

Rkitch - on the face of it this may seem to be a good deal, however if you look beneath the surface, Simec Atlantis is taking this so called green renewable energy company from Simec group, paying a substantial amount of money whatever the projected income is annually - it's probably working out better for P.K.Gupta and Simec, than for us shareholders. Happy to be proven wrong. Time will tell. I am currently holding but won't add until I see more transparency.

[rkitch] 24/11/2018 08:23

You are kidding me aren't you? The share price is down purely to the market NOT reality. So lets summarise for you. The mgt bought Uskmouth for £70m equivalent, they just agreed to sell 25% of it for HALF the amount they bought it for! Thats a great deal in ANYONES book! They've now bought a renewables company for £125m, which generates probably about £10m cash per annum, income enhanced and protected through FiT payments and they'll fund it mostly with infrastructure debt (which tends to have low interest rates) enhancing SAEs balance sheet.....and you think the company management is doing something wrong!

[wheeze] 24/11/2018 07:33

Wtf is going on ? The share price is on its knees and they agree a purchase of simec green renewables ? Can someone shed some light on how this transaction makes any sense ?

[cwa1] 20/11/2018 08:23

Very big and significant announcement(IMO) from SAE this morning:-

[babbler] 06/11/2018 08:36

Can it cross 17 today? So many buys at 17p last week and nada.

[someuwin] 06/11/2018 08:15

Interesting.

[cwa1] 06/11/2018 07:42

Uskmouth FEED contract:-

[keya5000] 05/11/2018 09:11

sounds good.

[cwa1] 05/11/2018 08:37

Uskworth Update:-

[amrishbhim] 31/10/2018 02:26

That wasn't mine shares buddy, there another one 48,000 plus ,

[74tom] 30/10/2018 21:52

@Amrishbhim, since you stated the 48k buy @17 was yours, I guess the matching sell at 4.28 was you selling out for a 1k loss in around 3 hours? Can’t understand going in that heavy to then sell out in a couple of hours, did you do any research or was it a pure punt?!

[babbler] 30/10/2018 16:26

Haven't sold just surprised... That big sell I guess...Only did quick research and only been trading a few month this share? Down from over 30 chart in recovery now hopefully. See how it goes tomorrow....

[amrishbhim] 30/10/2018 16:25

Totally agree

[babbler] 30/10/2018 16:24

Looks like shafted us a bit at 17...but with all the buys expected more. Hey ho.