More details More details of the rebranding/ takeover were posted on the Atlantis site on 7th Feb. See the full text here: [link] least it is information where there was none before! Still not sure about the excessive sounding expansion plans detailed in the article. If it works, well and good, but there is a lot of risk involved with taking on the kind of debt they are talking of. Personally, I would prefer to see a little more caution.Any thoughts?
Requoting? The bond makes no sense until the stock is requoted and we can see how the supposed deal works. Very odd to announce to bond before the requotation. This could be anything from disaster to bonanza. Fingers crossed.
Re: Abundance launch fundraise Looks like the only way to get a return on your investment in Atlantis might be to subscribe in one of these bond launches!! If they are paying out 8% on this and the last bond, they are never going to have free cash to give me a return on my shares, and increasing debt is unlikely to lead to strong share price growth. I have to admit that I am losing faith in the management.
Abundance launch fundraise Looking for £5m to fund waste project in WalesAnybody in ?TP
Re: Just Noticed suspension In view of your Ripley handle, let me rephrase the analogy used in my last message .I find increasingly difficult to know whether Atlantis are currently gestating inside their stock market host, only waiting for their share price to burst out in spectacular fashion like the all-consuming monster from Kane (John Hurt). contrast, Atlantis may equally be standing at the receiving end of the monsters jaws, waiting unknowingly for the killer strike.
Re: Just Noticed suspension Hi Ripley,This is my own opinion of course, so should be taken with a pinch of salt. I increasingly find it difficult to guess whether Atlantis is preparing a sound basis for meteoric growth, or if perhaps they have instead ventured too far too fast, and are now metaphorically standing in the crocodiles mouth. I cant call it, and would love to see some evidence for either case. I know this doesnt really answer your query but, welcome to the club.
Just Noticed suspension A HL tip from years back.Just kept ( bottom draw )Don't know how its doing ?
The future? Much as I like the technology that Atlantis has developed, and the area of business that they are in, I really dislike the apparent disregard that the management have for their shareholders. Updates and reports that are not posted when they are supposed to be, dilution of holdings by partnerships with much larger companies etc. etc.I am concerned about cash flow here, and would like to see management concentrate on what they have rather than this constant chopping and changing. Some focus would be good.
Re: Sale of Canada JV "Atlantis, a global leader in the tidal power sector, is pleased to announce that it has agreed to sell its stake in its Canadian joint venture to its partner DP Energy, a leading renewable energy developer, at the FORCE facility in the Bay of Fundy, Nova Scotia, Canada."[link]
Sale of Canada JV For cash. No mention of deal on rto.TP
Temp suspension and acquisition Branching out into other aspects of renewable energy?And heres the link to a ProActive article[link]
Wyre tidal project update All systems go for this Duchy of Lancaster tidal barrier project, with ARL at the forefront.TP
Re: MayGen update "Up to 20% of uk requirement can be met from predictable tidal flows"Now if we could just get a deal like the one the Chinese are getting to build nuclear!!......and of course, a decent method of storage so capacity can be maximised and peak usage covered, like conversion to hydrogen, stored in fuel cells. A bit more research needed on that one though.
MayGen update All looking good.Just need the govt to get on board.Up to 20% of uk requirement can be met from predictable tidal flows.TP
Huge order on the way Initially likely to be 8 turbines to Indonesia. With further potential for lots more. RNS Well worth a read. Company makerTP