Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Is there a requirement to issue a statement when the share prices falls by a certain amount? Interestingly PPG are still posting on Twitter about making donations...just donated £8,250 to Devenport Sport
New thread now under SAE
Has anything ever been mentioned about reducing the size of the units and increasing the power & energy density? Will they always be containerised in shipping containers? I truly believe in the technology but the major downfall that stands out to me at the moment is the huge size of the machines! I know they're not meant for individual homes but still. If you compare the unit specs with that of the Tesla Powerwall you quickly realise how large the units are relatively speaking. I am very interested to see what a 10MW 50MWh might look like if not just 10's of shipping containers.
Hi rhug. Thanks for your response. I knew operational revenue from the Rockpool sites would not appear in the top line. But then what is being done then with the profits in each Investee company. Would've thought any profits would be paid out as dividends. Without anything being consolidated in the accounts it is difficult to assess how the site has actually performed vs what the directors say. How do you know that Plymouth earned about £1 million? Also do you know when the EIS qualifcation period ends? Could not see it in the results. Thanks
Has anyone been able to work out what the income from the Plymouth site was? It has been stated a number of times that it operated above budget but I see no evidence of this in the accounts.
Tidal lagoon: £1.3bn Swansea Bay project backed by review http://www.bbc.co.uk/news/uk-wales-38571240
The €17 and €21 million of grant funding for Meygen and Sound of Islay project is already agreed irrespective of Brexit. Within 2 years I expect Atlantis won't be reliant on EU funding anyway.
Atlantis are anticipating a large sum from the European Commission in the coming months. I assume they would prefer a remain vote! I honestly wouldn't trust our own government to support the tidal power industry if we leave.
Investing in tidal power in the Orkney Isles http://www.bbc.co.uk/news/world-europe-36432329
For information on MeyGen have a proper read through this webpage, in particular the section on project revenues. http://atlantisresourcesltd.com/projects/meygen-scotland.html In summary though: Tidal power receives 5 ROCs per MWh. The price per ROC for 2016-17 is £44.77. So a very simple calculation for say a 1MW turbine which has an estimated capacity factor of 50% (wind turbines have a capacity factor of 30% and I know tidal turbines are more active) : 1MW *50%* 24hrs*365days=4380MWh. So for 6MW (phase 1a) and 5 ROCs at £44.77 each gives a revenue of £5,883,000. ROCs are being phased out in March 2017 such that any new capacity brought online after this date will move onto the CfD system. Tidal stream CfD of 305£/MWh is confirmed until 2018/19. Profit wise - I don't believe there is enough public information to speculate on this. Perhaps why more interest hasn't been generated yet in the share price. The life of each turbine is 25 years and I've read somewhere that maintenance will be carried out every 5 years so OPEX should be low. Meygen documents from 2011 suggest a target cost of £4.7m/MW which is higher than I would like to see. (http://www.meygen.com/wp-content/uploads/Marine-Energy-Business-Forum-Presentation.pdf) Surprisingly the fall in oil price may have benefited Atlantis according to an interview with the CEO. Apparently there is a lot of skilled labour and plenty of suppliers looking for work in the North due to the pullback in O&G investment. I'm going to get in contact with the company and try to dig for information on turbine capacity factor, CAPEX, OPEX, etc.
Sorry the cfd is £305/MW not £130/MW! That would suggest revenue from phase 1a of £8m/year at 50% capacity. Although actually the first phases are expected to benefit from Renewables Obligation Certificates which I don't fully understand - need to do more research.
Hi shareminator (love the name). My thoughts... I didn't take much notice of the financial results, more on the operational and strategic achievements. DEME are to invest £2 million for a 2% stake in TPSL which values TPSL at £100m (although I understand DEME will have some commercial benefits from this investment). Atlantis has net assets of approx £60m so I can't see the share price falling much below the recent issue price at 55p. I really think this is a safe long term investment assuming the government doesn't drop its support in the form of £130/MW cfd in the short term. With a potential portfolio of 650MW (in just Scotland) we can be sure to see increased news flow over the next few months as some of the most economical projects are brought forward. Relative to the other alternative energy investments out there I would say tidal power has a low risk. The technology is not new or vastly complicated. It's just the combination and adaptation of numerous technologies that are readily available in the supply chain. One major tick for me (having recently been shafted by a 'high growth' aim company) is that the company is run by a great management team who do no oversell their technology and they don't seek to delude investors. I'm happy to hold without worrying about a large imminent discounted placing or a technology failure!
ARL doesn't seem to spark much of an interest on aim. I believe that once the first turbine is operating and generating predictable revenues at the end of August, institutional investors will look more favourably upon Atlantis. Receiving a CFD of £130/MW the first phase 6MW should generate £3.5m/year assuming an average 50% of maximum operating capacity. I did a rough calculation the other day and worked out that the cost/MW to install the turbines will be cheaper than that of Hinkley Point C! Presumably the operating costs will be much lower for tidal power as well.
Four great bits of news this month! £2.7m profits expected due to Siemens acquisition as well. From Twitter: 'The 150MW commercial array's project sites in Indonesia will be located in the Bali Strait and Lombok Strait, and the first 12MW phase of the tidal stream site is expected to be operational by 2018.'
Thanks. I quote 'There will be no further dilution to the existing shareholder base'. Presumably because the management team have a significant amount of there own money in this. I believe he said 40% of the business!
Over 3% over shares traded, expecting large delayed trades as well
Anyone invested here? After a bit of research and today's confirmation of further funding I believe this company is largely undervalued by the market at the moment. Total equity was £95m in the interims...this did not even include the value added from the acquisition! Cfd for tidal power is currently quoted as £305/MWh and the MeyGen plans to have a capacity of 400MW which is capable of producing power for 10 hours a day. Hopefully we can expect some more major projects in the pipeline as well.
Net assets at £47.7m, MCap at £39.37m. Shame no one actually knows about this company. Perhaps it will get more publicity when the final licensing results come out. Does anyone know what P/E ratio is standard for a good energy supply company? SSE is at 27.