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Don't think Lombard have changed their position - drop in percentage simply reflects dilution
Cannacord on the other hand have upped their stake massively- up from 13% to 18.5%
Cannacord now have 38,809,146 shares.
Don't think it should be a case of wind vs tidal. Tidal energy is just another very useful source of green energy which I would infinitely prefer to nuclear energy.
FWIW, I accept that tidal energy is expensive, however the model is proven and has generated over 50 GW since the launch of MeyGen project al, this years ago.
Expensive or not, I do not think we can afford not to invest in tidal energy or indeed other forms of green energy. The disruption from the storm yesterday to be followed by another storm tomorrow shows we have to call a halt to burning fossil fuels or say goodbye to this planet.
I have always felt Simec is a very ethical investment though it has lost me money to date. Hopeful this situation will reverse.
Thorndon, I have had a look at the ingredients of
Dawn Ultra Dishwashing Liquid Dish Soap Original Scent, 19.4 oz, 573ml -
This does contain biodegradable surfactants and is phosphate free, however There is no mention of itaconic acid ? What is the active ingredient here ?
Hadn't read the RNS is one possibility. The more likely scenario is the broker has a vested interest in seeing the AOP deal go through. I wouldn't trust any of these brokers as far as I could throw 'em
It's not all negative. MeyGen has generated 50Gwh of power. The technology has been shown to be reliable and sustainable. The debt is a side show - you cannot possibly develop this kind of world leading technology without spending money. The turbine division was largely sold off to enable private investment in the division while SIMEC retained a 21% stake. They have contracts Leese were in the world which they are no doubt fulfilling. Separating off the turbine business actually saves money as this part of the company had a lot of highly paid engineers who do not work for free. It's a tough game but losing is not an option. Not for us investors. Not for britain. Not for the planet.
Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, is pleased to announce the signing of a further licensing agreement for its XFilter filtration technology with a global component manufacturer, ('the partner' or 'manufacturer').
The partner, headquartered in Europe with manufacturing facilities across the globe, is a world-leading supplier of components, with over 300 million household appliances of all types incorporating parts made by this manufacturer currently deployed around the world. The partner supplies electro-mechanical components for the world's largest domestic washing machine manufacturers including, but not limited to, Haier, Whirlpool, Midea, Miele and Bosch.
Woohoo. Onwards and upwards
Tidal should not have to compete with offshore wind. Each offshore turbine uses up to 240 cubic metres of concrete which isn't exactly brilliant for the environment. Furthermore it's high time HMG started awarding contracts to UK companies. Astounded by the continued lack of support for British industry. There is a reason why we are fast turning in to a banana republic...
Mister tidal, I agree with your observations on high frequency trading. However the bots cannot beat you if you buy and hold from a low baseline. That has been my strategy. My SAE stock is bought, forgotten and will only surface to my consciousness when the company folds or hits a quid.
Forget trying to trade this or indeed almost any stock as the bots are always in control.
Agree. It's almost like they want to drive the share price down while growing the company.
I wonder why that may be ?
It's time for the obscene share based compensation to stop.
Are there any major institutional holders left ? My guess is Sanjeev Gupta is still the largest shareholder, in which case he must have been consulted before they went ahead with this transaction.
In my humble view, there are two possibilities.
1. The deal is spectacularly good and will ensure the future of the company.
2. This is a shady deal verging on fraudulent, hence no RNS and no numbers. They may have given away the silverware to proteus and private equity.
I would like to believe that the first option is the correct one.
Time will tell.
Pension funds would do well to invest in renewable energy. In the years ahead, this will give a steady and predictable income stream which is not subject to manipulation by hedge funds, unlike the Wild West that is our bent stock market.
Strangy83, all valid points, however what you overlook is the U.K. cannot afford to not invest in tidal energy if we are to become energy independent of the oil producing countries. You cannot create world leading technology without spending money - this involves investment by governments or debt. The big mistake Simec Atlantis made was pursuing the plastic pellet strategy and investing heavily in this. We now need to move on. I read somewhere that if we are no longer dependent on oil each household in the U.K. would save over five thousand pounds. Surely something to work towards ? This stupid government needs to wake up and put some serious money into tidal.