logo-loader
SIMEC Atlantis Energy

Simec Atlantis' value will be recognised as revenues build says CEO Cornelius

Tim Cornelius, chief executive of renewable energy group Simec Atlantis PLC (LON:SAE) says anyone making an offer would have to pay substantially more than the current share price.

He says he is aware of talk of a potential break-up, which is understandable especially while the share price is so out of kilter with the underlying book value.

Cornelius it is easy to make a case for a value at least four times more than the current £80mln market cap.

In the meantime, the deal with Green Highland Renewables will close in around two weeks and Cornelius is keen for more hydro-power acquisitions in Scotland.

At offshore tidal power project MeyGen, Simec and GE are also preparing to install the two of the largest undersea turbines in the world, which will boost efficiency and reliability.

Quick facts: SIMEC Atlantis Energy

Price: £0.10

Market: AIM
Market Cap: £40.76 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of SIMEC Atlantis Energy named herein, including the promotion by the Company of SIMEC Atlantis Energy in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Atlantis Resources expecting to start trading as SIMEC Atlantis Energy...

Tim Cornelius, chief executive of  Atlantis Resources Limited (LON:ARL), updates Proactive Investors on the acquisition of the Uskmouth power station in Wales. Shares in Atlantis Resources are currently suspended, however Cornelius expects work towards the readmission process to...

on 11/5/18

2 min read