Member Info for mister_tidal

tbh I am asking that question myself quite a lot. They have (or had) around 90 people yet there's almost no progress towards anything. No announcements, no updates.. Maybe I'm underestimating what it takes to run a company like SAE but come the fck on.. there must be something you should be able to show off at the end of each month..

Is it really THAT HARD to post some things on a regular basis..?

https://www.reddit.com/r/SimecAtlantisEnergy/comments/10lp0ty/new_study_lists_benefits_of_wave_and_tidal_for/

Summary:

The potential power system benefits of a 12.6 GW deployment of marine energy in Great Britain by 2050 would be a £1.03 billion reduction in dispatch costs annually, according to a study by the Energy Systems Catapult. The research also found that the inclusion of wave and tidal generation in the electricity mix would increase renewable energy dispatch by up to 27 TWh (+6%), reduce the need for expensive peaking generation by up to 24 TWh (-16%) and require 5 TWh less (-65%) battery use and 3 GWh less (-6%) energy imports. The study is based on deployment scenarios in which cost, performance and system conditions are defined by the 2030 levelized cost of energy targets in the Strategic Energy Technology Plan for Ocean Energy.

Where exactly is the progress here? It's just one thing they removed. Remember when they had 10+ tidal projects on the site? All empty promises.

"still talking about MeyGen and turbines"

Yeah.. Where's the 4th turbine? It's their single only revenue stream atm.

That burning waste thing.. Idk. Never believed in it except it being a needed revenue stream for keeping the company alive.

Imo the CfD remains our best bet and yeah.. Maybe the energy park is any good but hard to say if this share price is going anywhere anytime soon

Yeah, it has to be like this. Anything else wouldn't make sense.

Thanks for the update.

The article is from 2014 - didn't age well.

What I don't get is why they'd purchase the energy from SAE. The energy is way too expensive so who's actually paying the premium? I always thought that they are selling the energy to some governmental institution. If that's not the case, it must be subsidized somehow. It makes no sense to buy energy at that price for a private company.

A damn you corrected it already ^^

I think it should be 6.1% but yeah, that's not much

247/(0.5*24*11*30.5) = 0.061

0.5MW for 11 Months

I think they bought that turbine from Lockheed Martin if I'm not mistaken.

Was a bit sad to hear that they didn't stick to Andritz turbines. I wonder why they decided to do so.

Well, anyways, idk if that's the kind of information a company would disclose or not tbh. I'm on your side as I'd love to know as well. But I don't know if we can expect that from them.

I think right now all we do is wait for the CfD news on whether or not there is another ring fenced budget of some sort for tidal.

Hm, I'd argue that the produced GWh are some evidence but I admit that the 4th turbine still out of the water is anything but a good signal.

Oof.. Big fail on my side but to my defense I'm currently out of order with a bad cold.

But 110m GBP is still 10x more than SAE. I guess that's the debt from SAE which holds the SP down.

And yeah, SAE on the other hand has proven that their tech works.

You'd think that the two companies are comparable yet one has a market cap of £10m and the other has one of £1,400m or £1.4B.

Minesto has a higher revenue stream but they are not profitable.

Besides the fact that there's no ATES at SAE, what is the difference between the two companies that explains the two mcaps?

I think it's really just a phychological thing. The only benefit maybe is that retail investors could take the stock more seriously. It's the same thing with a regular stock spit. All of a sudden it's just $50 instead of $100 - nothing changed yet often the share price goes up in the short term.

I'm not looking for short term gains though. It's just seeing things like € 0,008 (bid) is just painful and ridiculous. Taking care of your share price, even if it's just cosmetics, doesn't hurt.

Yeah.. it would make sense imo. The share price is just embaressing at this point.

That's just a question out of curiosity. Not sure if anybody can answer this.

I was wondering.. at some point a stock price gets so ridiculously low, that it's just not really making a good impression.

Now, obviously splits or inverse splits do not make any difference to the market cap, but why is it actually that companies with a share price like SAE are not considering to make a reverse stock split?

It's not too far away from being hard to display on apps that only show two decimal places after the comma if you know what I mean.

Any thoughts on this? (got time to kill)

And I guess BREXIT is doing it's part as well..

https://twitter.com/Orbitalmarine/status/1610931544281026562

Let's hope we see this reflected in the CfD schema and maybe at some point some insider buys for once..

Of course DYOR is always in the title ^^

But I'm hoping that we get a better picture of the company through collaboration somehow. It could aso help to get information faster (hence the subreddit). :)

Hm... So that makes sense.

That means we can brighten up a bit?

Would you mind if I write this together and post it on the r/SimecAtlantisEnergy subreddit?

I would like to have a place where information like this is better accessible than what we have now.

@Blonnyman thanks for sharing your thoughts on this!

To be honest, for me it boils down to book-keeping basics of which I am surely lacking a bit. The way you're calculating their debt makes sense to me. However, in your scenario their assets go down from £87.9m to £56.5. I'm not saying it's wrong, I honestly don't know. Still, I'd assume that BESS causes their LT Assets to go up but on the other hand their ATES division is now gone which might lower their assets.

So, I'm not sure if we can assume that their assets remained constant here.

I think we need to know more: How does BESS increase their assets, how much did it go down after selling ATES, how much of the money they received was used in order to repay debt and how much of it did they use to invest?