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 Shares Traded Last Trade
  0.00 0.0% 5.10 0.00 07:46:47
Bid Price Offer Price High Price Low Price Open Price
4.80 5.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 12.23 -19.42 -4.00 28
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.10 GBX

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Date Time Title Posts
21/9/202119:09SIMEC Atlantis Energy1,380

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Simec Atlantis Energy Daily Update: Simec Atlantis Energy Limited is listed in the Alternative Energy sector of the London Stock Exchange with ticker SAE. The last closing price for Simec Atlantis Energy was 5.10p.
Simec Atlantis Energy Limited has a 4 week average price of 5p and a 12 week average price of 4.10p.
The 1 year high share price is 26.40p while the 1 year low share price is currently 4.10p.
There are currently 547,273,874 shares in issue and the average daily traded volume is 825,295 shares. The market capitalisation of Simec Atlantis Energy Limited is £27,910,967.57.
gbjbaanb: Agreed though I think the results from the CFD auction will be apparent very quickly - news will travel fast from one old mate to another old mate on the nod, and that will get immediate response from the share price. As it ever was 😀
dave4545: Can one person show me where I deramped SAE yesterday ? I've not deleted or altered any of my posts. I clearly said mm's were flush with stock prior to the news and one mm had 2.8 mil at 3.75p having sold when 4-4.4p on Tuesday so it would not be wise to chase the initial mark up on the news which many did with all paying between 5.4 and 6p at the open. That was justified when the price dropped back below 5p, what is did after is out of my control. Did I write SAE is rubbish, it's going bust, the price is going to tank ? And one person thinks I'm tomboyb, that's funny as I know his twitter handle and we have very different views on things but because we have bought the same penny stock wow wee we must be the same person.
muckshifter: A bit of a muddle revealed there in the RNS. The end result I would like to see, would be that the receivership is confirmed, the exemption from the 30% triggering of a mandatory take over bid is awarded to the receiver ( can't see why it wouldn't be) and then the receiver selling 29% of the SAE shares to a company with plenty of cash and ambition in the green energy field. That sale would be accompanied perhaps by an exclusive option to buy the remaining shares within say three months, which would then give the buyer the option of gaining exemption from the obligation to make a full t/o. With that exemption in hand, it would give the cash and ambition rich buyer great options; they would not be precluded from making a full bid for SAE, or obliged to do so. Whichever option such a company chose, should be very beneficial for SAE and perhaps its share price, imo.
tempesttroy: Best thing for SAE now is to be bought by company with financial strength & one that is serious about renewable energy production. Meanwhile, it very much looks like the likelihood of SUP not passing go has now been built into the share price with only the overhang of GFG impacting on it. Unfortunately, this could easily see it dropping to 3p making the company almost worthless. Really needs a buyer with belief in its tidal & Hydro division. On a personal note, I've never been as down about a company as I am about SAE. The fundamentals still remain of course but it's been dogged with misfortune even before TC left the business.
gbjbaanb: So, some holding company is going under and one of their assets is a bunch of shares of SAE. So I suppose they'll be sold off quickly to raise some money (and a big fee for the receivers) and then things will get back to normal. I assume there's no financial liability like debt obligations for SAE in this. Perhaps if the holding company goes and SAE does turn out to owe them debt, will that debt be cancelled? Once free of the holding company and all its current scandal, will they then float back to their true value? I think this is more about the market getting panicky and selling up rather than then considering the long term future of the company. Once the dust settles and the situation becomes clear I think the share price will rise back to ... 8p :-)
tempesttroy: Hi Clabburn, shares currently swapping for a shade under 6p a throw. Not that long ago (last August) they were trading over 30p. But I can see spiralling toward the 3p mark & possibly below that due to the uncertainty. It's such a mess. High debt/low equity & a falling share price is a recipe for disaster. Those buying now are either going to see themselves getting rich or very much poorer. The Welsh Ministers have been changing hands quicker than a Glaxo share & SUP now finds itself having to deal with a different officer thus going back to square one it seems. The uncertainty is killing this company slowly which I find upsetting as I had such high hopes for it. The company desperately needs that CFD on tidal but we have to wait until September for any news on that. The company will likely be weakened by way of a discounted share price no doubt just exacerbating the sentiment toward the company. What a mess!
skinny: Operational Update. SAE is pleased to provide the following operational update across its business. Uskmouth Power Station Conversion Project Following the decision by the Welsh Government to 'call in' the planning application at Uskmouth, and their announced moratorium on all new energy from waste projects, SAE remains fully committed to the project and is confident the project complies with all relevant Government policies and legislation. Built in 1959, the Uskmouth power station operated using coal until 2017, when it stopped operation, in preparation for a fuel conversion to move away from coal and return to operation using a new, more sustainable fuel, made from non-recyclable material, originally destined for landfill. The converted power station could be an important asset to Newport and Wales and the global fight against climate change. There are over 2000 coal fired power stations operating around the world today, and this number is set to increase. The ability to accelerate the global transition away from coal has significant implications and SAE is proud to be a leader in this field. Uskmouth power station will halve the carbon emissions from when it operated using coal. In comparison to other thermal technologies operating today, the project will be one of the lowest emitters, on par with the most efficient combined cycle gas plants. SAE was pleased to announce (17 March 2021) that it is a delivery partner in the South Wales Industrial Cluster, which has successfully secured grant funding from Innovate UK. The funding enables SAE to carry out feasibility work on carbon capture usage and storage (CCUS) which would result in the converted Uskmouth power station becoming carbon negative. This would make Uskmouth a leader in both coal replacement technology and carbon capture and utilisation technology. The conversion of the Uskmouth project will deliver critical power to Newport and the National Grid. Newport continues to attract new industrial companies, with many requiring dependable, sustainable and dispatchable power, which currently is unable to be met by renewables. A converted Uskmouth would be the lowest carbon solution and avoid the need to build new fossil fuel powered stations to meet these requirements. With the opportunity for CCUS on site, Newport could lead the world in attracting and powering green industries. The planning application is for external infrastructure required to transport, store, and convey the fuel pellets, which the planning officer for Newport City Council had recommended approval of planning permission. On 24 March 2021, the application was "called in", which means the application will now be determined by the Welsh Minister and not the local Council. SAE will continue to engage with Welsh Government to understand the timeline for a decision and will update the market when details of the expected timeline are provided. On environmental permitting, SAE made its final submission to Natural Resources Wales (NRW) on 19 March 2021 and is confident it demonstrated the project's compliance with all relevant legislation. SAE will continue to work with NRW to address any issues if raised. A decision from NRW is expected in Q3 this year. Tidal SAE continues to work with UK Government to secure the necessary support mechanisms to allow the further rollout of tidal stream technology, especially the next phase of the MeyGen project. Once operational, this project will be the largest tidal array ever built and continues to be both a pioneer and a flagship for both the industry and the technology globally. We expect the buildout of MeyGen will unlock significant international opportunity for further projects and continue the reduction in the levelized cost of energy from tidal generation towards that of more established forms of renewable generation. The UK Government has indicated that it will announce the details of the support mechanisms this summer, with the auction round taking place towards the end of the year. Operationally, MeyGen continues to provide vital learning to help the design and development for our future projects. Currently, three of the turbines have been moved to our workshop in Nigg to allow the team to complete onshore service works. We expect one of the turbines to be returned to service very shortly with the other two scheduled to be returned to service later in the year, once their service works are completed. Project development for SAE's Raz Blanchard demonstration array, located between Alderney and France, is making good progress as it looks to vary the existing site consents and permits to enable deployment of the next generation of SAE's tidal turbine which is designed to enable a step change reduction in the levelized cost of energy from tidal generation. The project will include four turbines, connected through a subsea hub, with a single export cable back to shore. The subsea hub has now been proven through its successful installation at MeyGen in 2020 and the design of the array will implement lessons learned from this deployment. Additional offshore site surveys are planned for Q2 2021, which will allow for more the detailed resource modelling required for the site-specific detailed design. SAE welcomes the recently announced French legislation, which will help provide the necessary revenue support through a competitive power purchase contract for the project. SAE and its project partner, Agence de Développement pour la Normandie, will continue to work closely to progress this important project. Hydro SAE is currently managing the construction of three interlinked hydro projects, with a combined total installed capacity of 5.8MW. The first project was commissioned in March 2021, with the second and third projects due to be commissioned in the next few months. A separate fourth project commenced construction in January with commissioning and first generation due in November 2021. Following commissioning of these projects, SAE's Operations and Maintenance team will take over the day-to-day management of each of these schemes. The SAE team continues to manage a broad portfolio of hydro assets and is working on several innovative and challenging refurbishment and optimisation projects to maximise the performance and economics across the portfolio. Recent Press SAE notes recent media reports involving its largest shareholder, SIMEC UK Energy Holdings ("SUEH"), a GFG Alliance member. SAE does not comment on press speculation relating to the operations of its shareholders, but, given some misstatements, the Board wish to make clear that SAE is an independent company whose shares are admitted to trading on AIM. SAE understands SUEH currently owns approximately 43% of the issued share capital of SAE. SAE is not a member of the GFG Alliance and has no connection with any of the funding mechanisms used in that organisation. SAE is the sole owner of the Uskmouth Power station. We look forward to continuing to update the market on our exciting portfolio of projects in the coming months.
tempesttroy: Unfortunately, any major swing upward in SAE's share price will be almost entirely due to the success of SUP & to a lesser extent, the NPA JV. I say unfortunately because it shouldn't be that way. We sometimes forget the core business is tidal were SAE are world leaders not to mention innovators and there's plenty going on there to get excited about and in theory affect the share price. For now though, the next 6 months is likely to be make n break in terms of (in particular) longer term investors profits and by that I include myself of course.
tempesttroy: Hi chaps, looks like LSE are having all sorts of problems with their share chat forum. We're now into our 3rd week were it has been "temporarily" unavailable. Not sure why? No such issue with ADVFN though. share price has taken yet another knock today as red sells dominate the number of share transactions forcing the share price to slide. Might also be number of dark forces in play not helping matters? Anyhow, it seems any uplift as a result of the presidential elections were short lived. The RNS yesterday only having minimal impact which, in truth, does surprise me as this update is clearly beneficial for the long term (tidal) profitability of the business going forward. The share price then might continue to be suppressed while we wait further news on the EP. Might get as late as early March before we receive anything concrete as a consulting period will ensue once any grant has been permitted. Until then I believe we might have to hang on to our shirt-tails! Appreciate other views.
tempesttroy: SAE share price doing better this week. Hopefully it can continue to gain some lost ground.
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