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Pin to quick picksSimec Atlantis Share News (SAE)

Share Price Information for Simec Atlantis (SAE)

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AIM WINNERS & LOSERS: Quiz shares in style as sales top expectations

Fri, 01st Apr 2022 09:56

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

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AIM - WINNERS

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Simec Atlantis Energy Ltd, up 41% at 2.19 pence, 12-month range 0.011p-2.30p. Says MeyGen has secured a non-convertible loan of GBP2.5 million from Scottish Enterprise, which will enable the redeployment of the remaining two turbines at the MeyGen site within the next 12 months. Simec owns 77% stake in MeyGen. The first of these turbines is scheduled for redeployment in May 2022 and the final turbine will be deployed in March 2023.

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Quiz PLC, up 40% at 15.09p, 12-month range 0.085p-16.23p. The fashion brand expects to report an annual profit, helped by revenue coming in ahead of expectations. For the financial year which ended March 31, Quiz expects to post revenue of GBP78.0 million, which would top expectations and be up 96% from GBP39.7 million from the year prior. "Positive sales momentum" it saw over the Christmas period continued into the final quarter of its financial year. The company expects earnings before interest, tax, depreciation and amortisation of no less than GBP4.3 million for financial 2022. Pretax profit is expected to amount to no less than GBP500,000.

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AIM - LOSERS

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4D Pharma PLC, down 16% at 39.95p, 12-month range 124.80p-24.46p. The pharmaceutical company posts widened pretax loss for 2021. Pretax loss stretches to GBP57.5 million from GBP30.3 million the year before. Loss in non-recurring items surges to GBP44.4 million in 2021 from GBP3.1 million the year before, largely stemming from completion of merger with Longevity Acquisition Corp, a special purpose acquisition company.

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Oracle Power PLC, down 9.1% at 0.35p, 12-month range 0.28p-0.64p. Raises GBP800,000 through placing to support green hydrogen project. "We have been clear in our intention to rapidly move our green hydrogen ambitions forward and today's placing, will enable us to do just that through our newly established joint venture. Importantly, this fundraising will support our funding for Oracle Energy, ensuring that we are well positioned to make good headway with this significant strategic project without delay," says Chief Executive Naheed Memon.

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Atalaya Mining PLC, down 6.4% at 379.18p, 12-month range 265.00p-450.00p. Yanggu Xiangguang Copper Co Ltd sells entire 22% stake in Atalaya. The shares are placed with institutional investors by Canaccord Genuity Ltd on behalf of ICBC Standard Bank PLC in a bookbuild announced after the London market close on Thursday. The 30.7 million shares are sold at 320 pence each, worth GBP98.2 million.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 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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(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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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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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 
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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 
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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.

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