Simec Atlantis Share Price (SAE)

I'll be relieved when the SP reaches 3p (my average) and happy when it reaches double figures! Still a long long way to go...

At least the spread has come back to 10%

Well, if we're all happy then I guess I shall be happy too. 😅

Let's see if this marks some turning point for their market capitalization and that it improves their long term perspective. Really looking forward to their announcement for the implementation of their first CfD and let's keep our fingers crossed for another ring fenced budget in AR6!

All looks good to me.

That it's £10m now but without owning the land 31 years from now really doesn't bother me too much. Very little disappointment that it is a small amount under the £11.8m for securitising the revenue that SAE once floated, but hard to moan in current market conditions. As mentioned it is only phase 1 of the BESS and the update on a BESS at Meygen is more exciting than losing a small amount of land that was tied up for the next three decades anyway.

It is not a bad offer they are putting to Abundance investors and I guess it would be accepted, meaning no liability headaches for a long time if the vote goes as we'd want. An increase in interest payment, repayment of capital starting earlier, and incentive for SAE to repay sooner or incur higher rates, is all reassuring. Continuing to receive 10% p/a or risk your investment going into default would seem a no-brainer imo.

Nice to see some Q2 certainty on turbine 4 going back under. Think bids for next tidal auction round open in March at the new strike price, with successful bids announced early Q3, so good things up in Scotland too. Initial market reaction seems of similar view. Also happy to have RNS and Abundance comms harmonised. Increasingly professional.

Mister Tidal it depends on which Route SAE take the initial contract with Quinbrook was £40m over 30 years for 230mw.

https://www.lse.co.uk/rns/SAE/sae-achieves-milestone-in-bess-project-delivery-bn5pkfgzvj1hrt3.html