Member Info for sma43

Weighted avg is 234, not 201

Aside from the obvious issue of financing, is there anything precluding the 50MW being part of the 2027 commissioning timeframe?

Maybe I am missing something? SAE will sell the lease receipts of £29m (£40 less £11m over first 18 months) over 30 years plus the freehold land attached to that lease for £9.8m?

I am no financial guru, but I would have thought £9.8m was low based on a simple DCF model - let alone selling the land and forgoing maintaining the complete parcel of land which obviously precludes any forget value after the 30 year timeframe or the sale of a commercial property in its entirety.

The report also shows 1015 ROC for December & 1053 for January - under Ocean Power.

Thanks Noisy boy, what does that mean in £?’s?

https://www.offshore-energy.biz/scottish-public-bodies-appoint-financial-advisor-for-meygen-tidal-energy-project/

https://www.offshore-energy.biz/europe-launches-e40-million-call-for-demonstration-of-tidal-energy-farms/
Assume we missed the boat with the sale - but 21% of the game still in sight.

OHGS, you have summarised why I still believe why the current management can provide the soft landing and turn this entity into a decent profit-making venture. Few more battery storages at Uksmouth & drag as many varied turbines to deliver the CFD outputs required - self financed by the turbine makers for an adequate return leaving SAE to make profit on the arbitrage between that price and the CFD.

OHS, the key issue I have is the transfer of £50-100 of IP for a 21% share in a company to exploit the technology & the additional sites established outside Maygen by SAE, not sure of the benefits derived nor the costs actually saved (given minimally profitable). It seems like we transferred 100% to get 21% which would be a fair deal if Proteus have many millions of dollars of capital funding available to capitalize on these exploits where SAE couldn’t sue to financial position.
Still a firm believer in the current strategy of expanding BESS at Uksmouth and deploying Maygen #2 & 3 - just a huge shame we got tied up in the simec mess - but that is now ancient history!!
Albeit the communications have been sp****, I am hopeful this management will be able to provide us with a soft landing and generate significant profits from the current operations @ BESS & Maygen & Proteus focused and financially capable expansion of the Atlantis turbine technology which is currently leading the world in this field.

There are only 4 machines comprising the 6MW (@1.5MW per turbine)
The third was reinstalled as per 21 March RNS.
The 4th has been stated as being slated for reinstall during next 6 months according to same RNS.

Based on simple maths, the 28MWh when up and running in 2027 will generate annual revenues as follows;
24 hours * 365 days * 28MWh * £178 which equates to £43m per annum. Over a 12 year period, £524m. Assuming these will be based on 14*2MWh (upgrades from the current 1.5MWh machines). Additionally, the will be revenues from the current 6MWh array already in place plus the BESS at Uksmouth.

This doesn’t account for any of the Japan, India, Indonesia or other projects that are beyond their testing phases!

I just don’t see how all of that equates to a £18m market cap?

Perhaps there are some fundamental flaws in my maths or logic, however, unless Maygen ownership has dropped below my understood 100% or my calculations are simplistically incorrect, surely the value of this entity should be far far higher!

https://www.theguardian.com/environment/2022/jun/18/heat-wave-how-orkney-is-leading-a-tidal-power-revolution
Amazingly no mention of Atlantis!!!

Does anyone have insight into the status of the cfd 4 process - are they on the longest pathway for a July allocation or earlier?

Unfortunately looks like limited to the UK though!

Given the large appetite for green technology (with high multiples against net asset value), I find it hard to believe that an actual green technology company is struggling to raise funds let alone trade at these SP levels. Maybe we need to get the Reddit kids involved?

Can anyone please
point me to a broker where I can buy SAE shares? I am based internationally in Middle East and an online account would be preferred? Thanks