Simec Atlantis Energy Share Discussion Threads

[clabburn] 12/1/2022 09:23

Best case, Cfd auction results will be announced at the end of April. If there are appeals to deal with it will be July.

[noiseboy] 12/1/2022 07:51

There was a Heavy lift ship that called at Niigg that I thought was for SIMEC but it has gone off to Peterhead so unlikely. Nothing else due for a while.

[bishfund] 11/1/2022 22:38

Wow the turbines still down. Any idea when they will come back online and also when the cfd's are due to ve announced?

[clabburn] 11/1/2022 15:53

I have more or less written off Uskmouth. I dont expect the Welsh government to approve this. The management could then decide to appeal the decision, and they would probably have a good case, but it would not be a quick process. Its already not far off a year since it first got called in. More drawn out legal wrangling is not a healthy place for the company to be in when their resources are so limited. As it stands, the only revenue they have comes from one 6MW site that is currently not working. Im leaning towards writing Uskmouth off and maybe trying to sell the site and grid connection to someone who can fill it with batteries.

For me, its a case of Meygen or bust. There could be a good future if they win a CfD, secure more funding and then develop the French project. I do think this is more likely to happen than not and bought a few shares in December but am also aware of the risk it could all go belly up.

[jotoha2] 11/1/2022 14:09

So what has happened to the news from Uskmouth ?

[danmart2] 07/1/2022 15:48

Hi BARTS

It’s not an exact science, just a red flag, a self alert to do more research

[barts] 06/1/2022 14:51

I presume you did not invest in EUA then danmart2....

[danmart2] 06/1/2022 13:55

Muchshifter,
Thank you

Consecutive yearly mass increases of shares in circulation are one of the biggest red flags to avoid investing in a company

[muckshifter] 06/1/2022 13:35

The most up to date figure for shares in issue is always given when more are issued, with the latest figure of 722,812,335 given in the RNS of 10th December shown above.

Other than that, you can always find the end of year total in each year's annual report, or check for RNSs through the news tab above for more detail.

Stockopedia have a table giving average shares in millions for the year as 96,113,122, 261,414,454,472 from 2015 to 2021, but that is the average for each year, so you can see that there was a massive increase late last year.

[danmart2] 06/1/2022 13:03

Does anyone have dates and quantities for the shares in circulation and increases at SAE?

For example

Date - July 2019
Shares in circulation- 2,000,000
New shares added - 2,500,000
Total shares in circulation- 4,500,000

Date - Nov 2021
Shares in circulation - 4,500,000
New shares added - 1,000,000
Total shares in circulation - 5,500,000

Is there a website or website function that provides that information?

[tomtum4] 04/1/2022 19:53

STRONG BUY SIGNAL ATSYME

[mountain man] 04/1/2022 18:01

I agree - the Welsh are great people on and off the rugby field, but it has always saddened mr that they have a propensity for shooting themselves in the foot in business.

[clabburn] 04/1/2022 14:09

Wales would be a massive piece of news as big as winning a Cfd but Im not holding my breath on that one.

[fataff] 04/1/2022 12:31

A greenlight from Wales and a RNS or 2 stating turbines are back running would help here. I would take 1 or the other but would love both.

[clabburn] 04/1/2022 11:23

Good news - appears that interest on the Abundance bonds was successfully paid on time which is an important short term cashflow hurdle cleared. The bonds will need refinancing from the summer onwards which is a bigger challenge but this should be manageable if they have a CfD contract in the bag. It is now a case of carefully managing things over the next 4-6 months while the CfD auction process unfolds.

[jotoha2] 23/12/2021 13:01

Indeed , the pub coughs up your fine and Boris buys you a drink .

[babbo1] 23/12/2021 11:25

So what about if you work in the pub? Lol

[jotoha2] 23/12/2021 08:37

Welsh Government logic ,you get fined if you go to work , but its ok to go to the pub!!

[wheeze] 23/12/2021 08:05

Gas prices approaching insanity. A windless fortnight shows how useless wind turbines can be in calm weather. When will the Welsh government realise that Uskmouth makes sense, at least for the next ten years until the hundreds of tidal projects around the country get going ?

[jotoha2] 18/12/2021 10:07

Options do not really sort the men from the boys, now if all these people had actually put their hand in their pockets and bought their shares , and had to hold them for 2 years , then yes that would give a good signal that they were aligned with shareholders , sloppy management comes to mind .

[clabburn] 17/12/2021 17:02

Yes, some transparent performance milestones wouldnt have hurt for the options package. Its hard to view 2021 as anything but a disasterous year for SAE. Uskmouth is close to collapse, the major share holder is being invested by the serious fraud office, the only profitable division has had to divested, 3 out of the 4 turbines at Meygen have been out of the water for months and shareholders have seen massive dilution and 95% of the equity value disappear. The CfD reform and ring fenced money is the one ray of light offering a way out of the mess and the directors deserve some credit for effective lobbying of government but 10m shares is an awful lot.

[tenapen] 17/12/2021 16:01

..... should be !

[pugugly] 17/12/2021 11:34

Could this be the final nail: Article makes sense - When will the green wokes in the Government or Welsh assembly see sense and basn them for power generation?

It’s madness that burning wood shipped in from America is counted as green energy

[gbjbaanb] 17/12/2021 09:18

10m to 2 directors, and 300,000 to everyone else. That's pretty bad.

The only good news is the option price of 2.21p means they'll have to get the share price up in order for them to be worth anything.