RE: Free fall to 5p from here21 Mar 2021 08:39
This is what M McNulty wrote last week when asked about SAE and Simec.
Hi Steve, do you mean #SAE, or do you mean SIMEC?
The latter is simply a passive shareholder in the former. In the unlikely event that it'll have to sell its 43% holding, @simecatlantis' broker will just build a book with instos to take up SIMEC's shares in SAE.
Steve's reply.
OK, that's less bad that I thought and probably exposes weak knowledge on my part, So 49% of simec is owned by GFG, and simec own 43% of SEA, so ~25% of SAE is owned by GFG (indirectly), agree they could raise funds and long term no issue unless brought out whilst cheap?