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
  1.00 4.26% 24.50 931,882 15:01:23
Bid Price Offer Price High Price Low Price Open Price
24.00 25.00 24.50 23.50 23.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
  4.86 -36.21 -9.00 120
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:56 O 44,009 24.20 GBX

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Date Time Title Posts
25/9/202016:28SIMEC Atlantis Energy717

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Simec Atlantis Energy Daily Update: Simec Atlantis Energy Limited is listed in the sector of the London Stock Exchange with ticker SAE. The last closing price for Simec Atlantis Energy was 23.50p.
Simec Atlantis Energy Limited has a 4 week average price of 23p and a 12 week average price of 12.80p.
The 1 year high share price is 32.10p while the 1 year low share price is currently 6.88p.
There are currently 491,577,655 shares in issue and the average daily traded volume is 1,472,391 shares. The market capitalisation of Simec Atlantis Energy Limited is £120,436,525.48.
clabburn: Today is the deadline for SAE returning responses to the final queries from NRW so Im hopeful we will move into the next stage quite soon now. Will need to see if NRW have any further follow up questions but Im assuming today's submission will be the last bits of info they need in order to make a decision. How long that will take is anyone's guess but my reading is that the most contentious parts have already been addressed so we should move quickly from here. Perhaps 2-3 weeks for NRW to make their decision, then a period of consulting on that decision before hopefully issuing the variation permit late late November maybe. Im not worrying about the recent share price movement - all Covid-related in my view - and will be quickly corrected if and when there is positive news from NRW.
clabburn: Agree - this is just another round of Covid-triggered profit taking. Im not worried in the slightest and am looking out for bargains to buy during the dip. In 6-12 months once the share price has re-rated small movements of 5-10p will feel very trivial.
clabburn: Hard to say what the reaction to a rejection would be. Safe to say it wouldnt be positive! The share price would likely return to its recent lows and it would be harder for the company to continue raising money. We shouldnt forget they are still in growth stage burning about £4m a year. I think a lot would depend on timing. If a rejection were to hypothetically come a few months down the line, after they have already announced a pipeline of other conversion projects (in South Korea perhaps?) or after Meygen expansion or Raz Blanchard has been confirmed then it may be not be too bad. I suspect the company would contest the decision and would have a good chance of winning on appeal. Investors should be expecting a big equity raise at some point in the tens of millions so they can start to quickly scale up and advance their exciting plans but I am hoping that comes after the share price re-rates to the 75-80p region many are now expecting. As ever, this is an investment where you weigh up the risk/reward. For me its still looking very good.
tromso1: "The risk surely is that permissions are not forthcoming. Then what?" --- Contrary to that, there's a risk in not investing. Permissions are forthcoming, the share price rockets and you miss out. Then what?
x54v: A target from two brokers that's pretty well 3x the current share price certainly highlights the potential here.
gbjbaanb: Royal Dutch Shell would be an ideal buyer as they're slowly moving into renewables. They'd have the money and sea expertise to do all these projects for breakfast. But the share price needs to be higher, or they could bid 17p and it'd seem attractive right now.
clabburn: I think so. Im very bullish about the next 12 months. I think the low share price was a simple case of the market being understandably cautious about their plans. The tidal business has been stuck in a sort of purgatory since the UK government essentially cut off support and I think people needed to see evidence that the company was capable of pulling off something like Uskmouth. That one feels tantalisingly close now and tidal prospects are looking up too. All being well they could go from a very small company with just 6MW of generation capacity to 300MW+ in just 2-3 years backed up with a rapidly growing pipeline of international projects. Patience is certainly required for this one though!
clabburn: Yes market cap is still at bargain prices. This was always a symptom of the challenges/risks of getting new projects energised but they have made undeniable progress in the past 12 months de-risking Uskmouth and Blanchard and possibly Meygen now look very promising. For funding we dont know full details yet. Their balance sheet is still small which probably doesnt help them in unlocking big finding but for smallish tidal projects like stage 1 of Blanchard it looks like a combination of grant money (e.g. the saltire fund) plus equity will be the route taken but hopefully not before the share price has had a sharp move upwards. For projects the Uskmouth the only option is project finance of some sort and there are several options open to them here.
clabburn: Company update released today hxxps:// My take is that it's a pretty promising update. Nothing new in there but cash on hand being flat compared with this time last year was better than I expected. My best guess is cash burn of £4m (a very rough estimate) which feels very small in the face of such huge potential. I guess the share price move today is the market spooked by the delayed release of full results and maybe a fear that bad numbers are being kicked down the road but I dont see anything to worry about. I would view a dip here is a good opportunity to average down for anyone feeling like they missed the boat after last week's rise.
jpuff: I guess combusting waste plastic providing emission standards are met is ok but will up against a fledgling company like Powerhouse Energy (PHE) which is proposing (and has developed) a gasification system for producing hydrogen (in fashion) via syngas. There maybe some overlap here, I'm not sure. Given PHE's share price rising from 0.25p to 4p other day, the market seems to prefer this technology perhaps? For the record I don't own any PHE shares but am feeling that I backed the wrong horse.
Simec Atlantis Energy share price data is direct from the London Stock Exchange
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