Simec Atlantis Energy Share Discussion Threads

[tomboyb] 13/10/2021 13:47

That would be my limit though -

lets see where buyers take this -

If MS are fully out then it may go well above 2p -

Placing was at 2.5p so those shareholders are well out of pocket -

[tomboyb] 13/10/2021 13:44

2p beckons -

[jaforsadi] 13/10/2021 13:44

Placing coming

[tomboyb] 13/10/2021 12:47

22% again -

sellers gone? -

[clabburn] 13/10/2021 12:33

Agreed. There is a definitely trading opportunity here for anyone brave enough to jump in and you probably can argue that its oversold at these levels. No material change though. They need a source of cash from somewhere and surviving the winter will be challenging.

[jaforsadi] 13/10/2021 12:15

Looks like a p n d attempt by some group who all bought in and soon dumping there is no news to help this

[tomboyb] 13/10/2021 11:22

1.50 - 1.55

[tomboyb] 13/10/2021 11:07

looks much better -

[tomboyb] 13/10/2021 11:01

1.40 - -1.45p now -

[clabburn] 11/10/2021 17:41

Agree about the risk of collapse being very real. There were signs funding sources were starting to run dry long before the wheels fell off the Uskmouth project and very little has gone right this year for them. Their previous attempt to crowdfund through the Abundance platform fell well short of their target and I tend to feel that the companies with a firm footing dont need to resort to these types of unconventional finding sources in the first place. I guess we shall see soon enough. Ordinarily, you would look to your major shareholder for some help in a situation like this but Simec have got enough problems of their own.

It's very frustrating though. Just keeping a small amount of government support for tidal 4 years ago would have made all the difference.

[skinny] 11/10/2021 15:47

It is sickening that this country has learnt nothing from the past - while the rest of the world is embracing the move to green energy - we dither and faff around.

[gbjbaanb] 11/10/2021 15:41

All that is likely tbh. However, it has to be measured against the chance they simply run out of money entirely. Debt is high, cash flow is low, bureaucracy preventing them from operating as they should is massive.

[tomboyb] 11/10/2021 13:19

Looking to move back up? -

[zen12] 11/10/2021 10:58

If they can get their act together, this is a golden age in the renewal sector, hugh opportunities to build a solid business. New CEO must now show some muscle!

[clabburn] 11/10/2021 10:54

Certainly not bullish. Its a case of hanging on for 6 months and hoping for a CfD win. If they get one I think the business will be able to recover. It would significantly increase the value of Meygen equity and demonstrate that their tidal tech has legs. Once it is de-risked they would be able to then sell off a chunk of the project, sentiment would improve and they should be able to raise fresh capital and refinance debts. The French project should then come through and they would have a further 300MW expansion of Meygen open to them. Thats the scenario investors are holding for. It requires a lot of things to go right and some extremely skillful leadership.

[jotoha2] 11/10/2021 09:25

Waiting for positive news , then will take loads if available .

[guy gibson] 11/10/2021 08:36

Anyone remaining bullish here?

[gbjbaanb] 11/10/2021 08:30

The green lobby went all batshiy crazy about the "environmental impact". I think they were concerned about the surfers who play on the tidal bore there TBH.

[jotoha2] 11/10/2021 08:25

We have Uskmouth which sits on the edge of the Bristol channel , what is wrong in developing tidal power there , it has one of the highest tides in the uk , come on SAE start promoting this opportunity and pull yourself out of this mess.

[jotoha2] 10/10/2021 09:57

Maybe Gupta will sell his mansion in Belgravia (worth £40 m ) and stick 50% into SAE.

[tempesttroy] 10/10/2021 08:30

Having been a staunch supporter of SAE for a number of years it saddens me to agree with you Terninator101. Since it's high of 32p in August 2020 the company has been in freefall with resultant share price following suit. Simply put, it's had a huge black cloud hanging over it. No matter what direction SAE take the cloud follows. I,like many on this board (I suspect) have lost money. Mine run into the £1000's. I've probably been a tad naive by being over optimistic about this company particularly with regard to it's tidal potential but very hard now to look beyond total collapse in the coming months. They will try to take the Uskmouth debacle to the high court but this will consume yet more of it's dwindling funds. It will take a miracle to survive but then again, miracles do happen!

[terminator101] 10/10/2021 07:47

Took a look at the balance sheet and its not pretty reading. Debts approaching £50 million and the interest payments on that are becoming eye watering. They are also losing money hand over fist (and the rate of loss is increasing) as well as rapidly running out of cash. Even the current placing done at what was a massive discount won't keep the lights on for much longer, which is why the share price has sunk to these levels. There is literally nothing worth looking at here IMO and its a pure gamble about if they can survive. The Scottish government might decide to step in and Nationalise it too, but have a look at when that happened at Fergusson's shipyard and ask yourself how much cash Jim McColl got back (and he was having a big "love in" with Nicola at the time). They will start asset sales soon, but that's if their debtors let them.