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SAE Simec Atlantis Energy Limited

1.00
0.21 (26.58%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Simec Atlantis Energy Limited LSE:SAE London Ordinary Share SG9999011118 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.21 26.58% 1.00 0.90 1.10 1.25 0.90 0.90 9,918,317 10:28:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Steam,gas,hydraulic Turbines 7.4M -9.65M -0.0133 -0.75 7.23M
Simec Atlantis Energy Limited is listed in the Steam,gas,hydraulic Turbines sector of the London Stock Exchange with ticker SAE. The last closing price for Simec Atlantis Energy was 0.79p. Over the last year, Simec Atlantis Energy shares have traded in a share price range of 0.775p to 1.75p.

Simec Atlantis Energy currently has 722,812,335 shares in issue. The market capitalisation of Simec Atlantis Energy is £7.23 million. Simec Atlantis Energy has a price to earnings ratio (PE ratio) of -0.75.

Simec Atlantis Energy Share Discussion Threads

Showing 1751 to 1772 of 3225 messages
Chat Pages: Latest  81  80  79  78  77  76  75  74  73  72  71  70  Older
DateSubjectAuthorDiscuss
26/11/2021
10:22
1 million buyer loading up.
david gruen
26/11/2021
09:44
Post - the links.
skinny
26/11/2021
09:43
It's the bigger picture which here will improve dramatically , the rest of the world will follow this technology , management have to get out there and grab the opportunities .
jotoha2
26/11/2021
09:30
Buy and hold for multiple bags over the mid-term. Don't worry too much about spreads or intraday movements.
david gruen
26/11/2021
09:28
Currently the mm's will pay you 1.302p if you sell which is evil and then if you want to buy they will charge you 1.488p

I know it's a poor day but that is criminal

I hope all those buyers at the bell do not sell back to the mm's and let them win

....they will though !

dave4545
26/11/2021
09:13
Agreed. 20 million per year isn't massive in the grand scheme of things, but it will keep SAE up and running, and it shows the government's commitment to this amazing world-leading renewable energy solution.
david gruen
26/11/2021
09:11
Great news , massive rerating by april 2022
jotoha2
26/11/2021
07:57
That should keep the lights on for at least 15 years. :-)
david gruen
26/11/2021
07:55
SIMEC Atlantis Energy Limited

26 November 2021

Press Release: 26 November 2021

Government gives the green light for a blue energy revolution

Nova Innovation and Atlantis Energy welcome the UK Government's announcement of funding for tidal stream energy and look forward to delivering more turbines in the water at the world-leading MeyGen site

Nova Innovation (Nova) and Atlantis Energy (Atlantis) have welcomed the Government's decision to establish a GBP20 million a year ring-fenced budget for tidal stream technology, available for 15 years under the Contracts for Difference (CfD) scheme, which could be awarded as early as April 2022.

This GBP300 million investment signals the UK Government's confidence in the role tidal energy can play in delivering net zero carbon targets. It creates a clear route to market for UK tidal energy companies like Atlantis and Nova that will create thousands of jobs across our coastal communities.

Simon Forrest, CEO of Nova Innovation, said:

"We are delighted that tidal stream energy has been recognised by the UK Government as a core part of the UK's green industrial revolution. The ring-fenced investment will deliver a route to market for tidal energy companies such as Nova Innovation and Atlantis Energy - turbocharging the delivery of tidal energy across the world."

Graham Reid, CEO of Atlantis Energy added:

"We would like to thank all who have championed our industry and believed in the global role tidal stream energy can play in the fight against climate change. We look forward to continuing to work in collaboration to deliver our ambition of more turbines in the water."

Nova and Atlantis teamed up earlier this year to develop the MeyGen tidal site in the north of Scotland. MeyGen is the largest consented tidal stream site in the world with a potential capacity of 400MW. It has all the necessary consents to deploy 80MW of tidal power immediately and is already home to the world's biggest tidal array and the world's most powerful tidal stream turbines. Following the announcement, Atlantis and Nova look forward to the deployment of many more turbines on the site, creating jobs, investment and reliable green energy to the Scottish grid.

Nova and Atlantis will now work with stakeholders to maximise this opportunity for Scotland and the UK, while demonstrating tidal stream energy's exciting global potential.

Tidal stream energy can deliver 100% clean, 100% predictable energy, without visual impact - complementing intermittent renewables like wind and solar power. A recent report by the Royal Society highlighted the UK is capable of delivering over 11GW of tidal stream energy by 2050, 50% greater than current UK nuclear capacity. Nova and Atlantis are driving forward to ensure the industry delivers on that target.

david gruen
26/11/2021
00:30
Good morning good folk of SAE it appears we both have been infiltrated here and on our thread MXC by the frenzied nutter that is bad robot and his many aliases talking complete nonsense, come across join us even if you don't buy or sell in shouting the ' 'nonce' down (his favourite word that I wonder why?)
heatseek77
25/11/2021
19:05
CLABB, could you please clarify the £20million funding every year going forward ?
jotoha2
25/11/2021
10:01
24 hours ago I would have agreed with bad robot but I am thinking the new government funding changes the equation. Meygen should get the majority of the £20m funding as there is nothing else close to it's scale ready to bid into the auction. That will be £20m every year for 15 years. Just need to find a way through the debt repayment due end of year and pay the bills until then.
clabburn
24/11/2021
20:01
BR
IN BR WE TRUST
RED MERCURY CREW

bad robot
24/11/2021
19:48
This £20M ringfenced is a significant development that gives me hope. Incredibly frustrating that it comes four years too late but it all but guarantees us a CfD. That will completely change the dynamic around funding. Instead of death spiral, an equity raise will now be to fund the development of 80mw of generation. That may be enough to bridge things until the French project comes together. Still a long way to go.
clabburn
24/11/2021
17:45
Where are the new contracts Mr Gupta , hiding is not the way forward here.
jotoha2
24/11/2021
16:38
Plenty of talk about at twitter



SIMEC Atlantis Energy
@simecatlantis
The Pentland Firth is home to our MeyGen tidal turbine array, which had generated over 38GWh to the national grid since installation in 2018! 🌊🏴󠁧󠁢[7619;󠁣⏘20;󠁿

master rsi
24/11/2021
14:37
I've posted the links before, but no excuse for reposting - it will be an absolute disgrace if this is allowed to fail.

From the (also there are plenty of links down the righthand side :-

skinny
24/11/2021
14:35
40mil shares to be issued to cover 350k sub 1p placing is on the cards
mick1909
24/11/2021
14:34
Reluctantly, must agree with Clabburn here. Unfortunately, it looks like they were sold a white elephant by way of a cash absorbing Uskmouth PS. Can't say for sure how much cash SAE have left but common sense tells dictates it won't be much. Without a significant cash injection then it is rather difficult to see past administration. This saddens me greatly. Even if it could survive the winter what then? If it can secure a CFD for tidal then we might just see the Phoenix rise from the ashes but it's a BIG BIG IF.
tempesttroy
24/11/2021
14:06
I don't have a lot in here, but I'm certainly not selling at these levels.

From a pure chartists perspective we're looking like we're ready to blow. Not sure what will be the catalyst, but we've not seen the last of SAE.

david gruen
24/11/2021
14:00
Bond repayments are due December 31st.
clabburn
24/11/2021
13:56
Not looking good. Hard to see where they will get the cash to survice the winter from and agree that adminsitration looks likely. Need some kind of strategic investor here (a merger with Nova?) and they will probably have to sell their equity in Meygen to survive. This is pretty galling just months before a potentially transformative CfD auction.
clabburn
Chat Pages: Latest  81  80  79  78  77  76  75  74  73  72  71  70  Older

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