REMINDER: Our user survey closes TODAY, please submit your responses here.
Well, yes. And I am absolutely all in for giving employees long term incentives like that. However, most existing investors currently have an average way above 1.5p. My average is 4.5p and it wasn't cheap to get there..
Seeing the C-suite grabbing shares at a ridiculous price ... two times in a row .. is something I can't say makes me particularly happy.
If anything, then Cs have been incentives to keep the share price as low as possible as long as possible s.t. they can get grants like this.
It feels like stealing from us existing investors who have skin in the game for years now..
I guess at least now we know why they didn't release any significant news yet. Now they have a lower strike price of 1.5p ... must be nice.. ffs...
Yes, this will incentive them to work for the share price to raise, but how does this incentive them to hold their shares beyond 10, 25, 50p ...?
I finally made peace with the fact that I'll probably not get out with significant gains. Instead, I'll be lucky if my investment makes any gains at all.
And today I read that management presents themselves another care package? They already received options with a ridiculously low stroke price of 1.15p and now, basically a day after the got off the hook from their creditors, management decides to gift themselves yet another huge chunk of the company?
Did they literally just grab into my pocket and took another 10%?
What.
The.
Hell?
I'm just curious. I currently own 368,000 shares or
100 * 368,000 / 722,810,000 = 0.051%
Never thought much of Minesto's kites tbh. Maybe I can't imagine it but I can't see a future for kites roaming around underwater..
I just used them for comparison because at first glance the companies seem comparable in size and sector. Even though they are using fundamentally technologies.
As you said, people lost plenty in SAE in the past. The company might struggle to rebuild this trust and find new investors. Steady progress will be key here. The past years have been disappointing but I genuinely believe now that things may actually turn for the better.
Patience remains the key for us existing investors. In for the penny, in for the pound. 100p that is 😅
Let's compare a few numbers
Minesto vs Simec
Market cap: £100m vs £10m
Revenue: £3.4m/y vs £10m/y
Debt: £0m vs £53m
Total assets: £44m vs £85m
While Minesto does not have any debt, SAEs total assets can almost compensate for that. Given a higher revenue stream and BESS coming up as well as MeyGen next phases, Simec almost feels under-valued at this point.
Does anyone have a deeper insight which they can share? SAEs debt is probably holding us back but I feel like a £50m market cap isn't a ridiculous estimate for what the company should be worth. Am I missing something?
Potential upcoming dilution might be a bug factor maybe. After all, SAE will need money at some point..
Just saw we are at 722m shares issued.
So.. 13.85p if we get a £100m market cap or 6.93 if we make it to £50m.
There was significant dilution since then. 30p is probably a far reach today. What was the market cap back then? iirc it must have been 80 to £100m?
Today we are at £10m. Let's be generous and say we reach £100m soonish, then we'd have something around 15 to 20p.
But I don't think £100m is realistic. Lucky if we hit £50m, that is 7.5p to 10p.. maybe.
Any other opinions in this?
Well, crisis averted. I was hoping for more updates but perhaps they'll follow.
At least now the company can continue their path to stabilize. If we're lucky, the lowest point is behind us now.
I want to see a 40 to £50m market cap
No news yet?
🤞
Let's see. Things changd for the better but, assuming we make it past 22nd, it'll still be a long way.
We've got one insider buy stock, which is good, an outside institution buying stock as well would be even better but that is unlikely until there is path to profitability. There, I said the p-word.
On the bright side, any real outlook towards that would do wonders to the share price as it stands today. 😅
Let's see.
Part of me really hoped Friday could cause the share price to surge but now I feel like it's either bust or business as usual. I don't mean go all the way up to 10GBX and beyond but, idk, maybe at least 20 or £30m market cap would be nice to at least get the feeling the company does have some value on the market.
Now after years of hard work SAE gets the chance to truly expand MeyGen. Given that the company isn't worth that much at the moment, what would they get from SAE going bankrupt? Letting the company down now would be a weird move but then again.. the norm over the past years was bad surprises. Let's hope this changes from now on.
Ah, sure. For a second I thought there's anothrr meeting I didn't know of yet.
What meeting?
Let's first try to crack the £10m mark though 😅
£100m market cap here we come! 😅