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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: 0.825
Bid: 0.75
Ask: 0.90
Change: 0.00 (0.00%)
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Open: 0.825
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SIMEC expects Uksmouth plant to be 'prototype' for coal conversions

Mon, 13th Aug 2018 10:01

(Sharecast News) - SIMEC Atlantis Energy expects its flagship Uskmouth power station in Wales to produce first energy by the end of 2020 and then stand as a prototype for a pipeline of coal-power conversions across the globe.Uskmouth is being converted from coal-fired power station into a generator of power from end-of-waste pellets, which are a mixture of un-recyclable biogenic materials and plastics.SIMEC, formerly known as Atlantis Resources until June's reverse takeover of the Simec Uskmouth project from the Gupta family's GLG Alliance vehicle, expects the conversion process to take roughly 18 months to wrap up and has targeted first energy from the fourth quarter of 2020.On Monday, the firm revealed that it was already in discussions with plant owners and operators across Europe, Australia, Asia and the USA regarding future conversions."This project is of huge international interest; with governments and utilities around the world being forced to close down coal-fired power stations, this conversion will offer a new alternative to decommissioning," said Ernie Rowe, head of conversion at SIMEC Atlantis.Rowe also said the project was "on time and within projected budget" and that planning and site environmental permit work was "progressing well".Looking forward, SIMEC's chief executive Tim Cornelius, added, "Cash flow generated from high margin projects such as Uskmouth will allow us to fund growth through carefully selected and executed acquisitions in addition to our existing portfolio of in-house developments and organic growth opportunities."The Gupta's GFG Alliance, who after June's deal own 49.99% of the group's shares, is better known as the owner of Liberty House, the industrial and metals business, with SIMEC being a subsidiary focused on resources and infrastructure group. The Uskmouth project is intended to be the first of a number of acquisitions from GFG's SIMEC pipeline, which comprises a number of assets within the UK and Australia with a total gross generation capacity of 680MW.As of 1040 BST on Monday, SIMEC shares had inched ahead 0.56% to 26.90p, which is down 23% from the 35p at which institutions bought into the 15 June reverse takeover.
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28 Mar 2024 15:58

Simec Atlantis gets first £5m under EL land sale deal

(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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28 Mar 2024 11:00

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

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

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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 
Cap-XX LtdAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Jubilee Metals Group PLCAGM
Monday 6 November 
Plaza Centers NVAGM
Tuesday 7 November 
Time Finance PLCAGM
Wednesday 8 November 
Incanthera PLCAGM
Thursday 9 November 
D4t4 Solutions PLCGM re name change to Celebrus Technologies PLC
Libertine Holdings PLCAGM
SIMEC Atlantis Energy LtdEGM re appointment of Nexia Singapore PAC as auditors
  
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 
APQ Global LtdAGM
Custodian Property Income REIT PLCAGM
Wednesday 9 August 
Braemar PLCAGM
CML Microsystems PLCAGM
D4t4 Solutions PLCAGM
daVictus PLCAGM
Lansdowne Oil & Gas PLCAGM
Mountview Estates PLCAGM
Scirocco Energy PLCAGM
Tatton Asset Management PLCAGM
Thursday 10 August 
Eight Capital Partners PLCGM re proposal to convert loan notes
Foresight Group Holdings LtdAGM
Marks Electrical Group PLCAGM
Silver Bullet Data Services Group PLCAGM
Friday 11 August 
Crushmetric Group LtdAGM
SIMEC Atlantis Energy LtdAGM
TwentyFour Select Monthly Income Fund LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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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