Or it’s to reflect that Simec have dropped below the required threshold. The Simec name isn’t exactly held in high esteem. It’s also to reflect that’s the company is no longer a pure tidal play.
There’s bigger concerns than the change of name imho, hopefully the agm will shed some light
I think this will have been mostly baked into any movement from the last RNS as this one is basically just a reflection in the change in shares from the last one
Looks like we are seeing a reduction in share price due to concerns of war in the Middle East and a potential slow down in the US. I don’t see a reduction in share price as being reflective of the company’s performance
Baring in mind that they are a company based in Israel, and the number of previous RNS’s that are often released late in the day - UK time anyway - then this shouldn’t be that much of a surprise