SIMEC Atlantis Energy: buying opportunity?
The sustainable energy group is doing great things, although you wouldn’t believe it from the share price. Could this be an excellent opportunity to acquire shares in this pioneering business, or is there more trouble ahead? Our free update here reflects on the current state of play with the sustainable energy pioneer, whose flagship tidal energy project has attracted fans from around the world.
Shares in SIMEC Atlantic Energy (LON:SAE), the sustainable energy group, have fallen to new lows on news that it had received correspondence in relation to the purported appointment of receivers to its major shareholder, SIMEC UK Energy Holdings Limited ("SUEH"), a GFG Alliance member. Atlantis understands that SUEH owns approximately 43% of the issued share capital of the company. Sustainable energy pioneerSIMEC Atlantis Energy is a pioneering global developer and operator of sustainable energy projects, operating through three energy divisions: Marine, Waste-to-value and Hydro. Its pioneering projects range from the record breaking MeyGen tidal power array in Scotland to the…