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Pin to quick picksSimec Atlantis Share News (SAE)

Share Price Information for Simec Atlantis (SAE)

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Share Price: 0.80
Bid: 0.75
Ask: 0.85
Change: 0.00 (0.00%)
Spread: 0.10 (13.333%)
Open: 0.80
High: 0.80
Low: 0.80
Prev. Close: 0.80
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AIM WINNERS & LOSERS: SIMEC shares rise as Naru facility passes tests

Mon, 24th May 2021 10:34

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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SIMEC Atlantis Energy Ltd, up 35% at 8.29 pence, 12-month range 4.5p-33p. The renewable energy producer says that its tidal power generation facility in Naru Island, Japan, has passed the government's pre-use inspection tests. "The site, which features the AR500 tidal turbine, is now recognised as an official power generation facility," company says. Separately, SIMEC says it submitted a 'Statement of Case' for Uskmouth to the planning inspectorate on Friday. "The next step in the 'call in' process is for the planning inspectorate to conduct a review of the environmental statement for the Uskmouth Conversion Project and SAE is looking forward to feedback in due course," it says.

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Wameja Ltd, up 22% at 7.46p, 12-month range 4.2p-7.8p. The software company says that sunset date for scheme of arrangement proposed under deal with Burst Acquisition Co Pty Ltd, a company controlled by Mastercard, has been extended to June 18. "The extension is to provide additional time for the documentation and execution of agreements to resolve the potential indemnity claims as announced on 23 October 2020 and 5 November 2020. Wameja understands from Mastercard that agreement in principle has been reached with all relevant parties to resolve the potential indemnity claims," it says. Back in September 2020, Wameja agreed to a takeover by MasterCard in a deal which valued the fintech company at GBP96.9 million. The two companies currently partner up as part of the HomeSend payment hub programme.

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Cloudcall Group PLC, up 7.3% at 74.00p, 12-month range 64.54p-117p. The provider of unified communications and contact centre software confirms trading for 2021 so far is in line with board expectations. "With both new business sales and upsells now running above pre-pandemic levels, revenue and platform usage is climbing steadily so that monthly recurring revenue, SMS and voice minutes are all at record highs and net renewal rates are back above 100%," says Chief Executive Simon Cleaver.

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AIM - LOSERS

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Randall & Quilter Investment Holdings, down 7.7% at 157.82p, 12-month range 123.2p-194.8p. The firm focused on non-life legacy insurance and program management reports pretax profit of GBP30.2 million for 2020, down from GBP38.1 million the year before. Profit fall primarily due to a mix of Legacy Insurance acquisitions in 2019 that created significant non-cash intangibles. However, does report record pretax operating profit of GBP16.0 million. Declares dividend for year of 4p, up from 3.8p. "The growth in the Legacy Insurance business may require external capital in the near term until our Program Management business creates enough free cash flow to support this need. During this period, while we are in growth mode and remain capital consumptive, we will adopt a progressive cash dividend policy with a payout ratio between 25% and 50% of our pre-tax operating profit, the best proxy for cash earnings," company says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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(Sharecast News) - Simec Atlantis Energy confirmed the receipt of the first £5m milestone payment under its agreement with EL Uskmouth, a subsidiary of FPC Electric Land, on Thursday.

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28 Mar 2024 14:14

TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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AIM WINNERS & LOSERS: SIMEC gets payment; Molecular Energies to delist

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11 Jan 2024 14:54

IN BRIEF: SIMEC Atlantis Energy reaches milestone in BESS project

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company focused on tidal energy - Says the next battery energy storage system project at the Uskmouth site has been granted planning consent with conditions by Newport City Council. Describes this as "another significant milestone" in the plan to develop 1 gigawatt of BESS at the Uskmouth sustainable energy park.

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5 Dec 2023 20:01

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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2 Nov 2023 16:00

UK shareholder meetings calendar - next 7 days

Friday 3 November 
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Monday 6 November 
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Tuesday 7 November 
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Wednesday 8 November 
Incanthera PLCAGM
Thursday 9 November 
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Libertine Holdings PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Sep 2023 14:42

TRADING UPDATES: SIMEC Atlantis swings to profit; System1 optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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27 Sep 2023 10:49

Simec Atlantis Energy swings to first-half profit

(Sharecast News) - Simec Atlantis Energy announced a profit before tax of £4.5m for the first half of 2023 on Wednesday, marking a notable shift from the £8.6m loss reported during the same period last year.

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27 Sep 2023 10:49

Simec Atlantis Energy swings to first-half profit

(Sharecast News) - Simec Atlantis Energy announced a profit before tax of £4.5m for the first half of 2023 on Wednesday, marking a notable shift from the £8.6m loss reported during the same period last year.

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8 Sep 2023 14:17

Simec Atlantis makes significant advancement in MeyGen project

(Sharecast News) - Simec Atlantis Energy (SAE) announced a significant advancement in its MeyGen tidal power project in Scotland on Friday.

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8 Sep 2023 10:27

SSE, RWE, SIMEC secure UK renewables bids, but offshore wind absent

(Alliance News) - SSE PLC, RWE AG and SIMEC Atlantis Energy Ltd on Friday celebrated their latest contract wins to provide renewables for the UK under the contracts for difference scheme, as the government faced criticism for failing to secure any offshore wind bids.

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8 Sep 2023 08:55

LONDON MARKET OPEN: UK jobs market slow; Round hill soars on takeover

(Alliance News) - Stock prices in London opened higher on Friday, after reports showed that UK hiring activity slowed in August, suggesting that interest rates are working.

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4 Aug 2023 15:47

UK shareholder meetings calendar - next 7 days

Monday 7 August 
Milton Capital PLCAGM
Revolution Beauty Group PLCGM re current directors removal
Tuesday 8 August 
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Wednesday 9 August 
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Friday 11 August 
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SIMEC Atlantis Energy LtdAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
26 Jul 2023 12:04

SIMEC Atlantis Energy annual loss narrows, outlook hopeful

(Alliance News) - SIMEC Atlantis Energy Ltd on Wednesday said its loss narrowed but its revenue was down in its annual results, with the company saying it was in a "strong position".

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24 Jul 2023 10:52

SIMEC Atlantis receives GBP4 million payment for project in Wales

(Alliance News) - SIMEC Atlantis Energy Ltd on Monday said it has received the GBP4.0 million development premium from Uskmouth Energy Storage Ltd.

Read more

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