By Peter Brailey | Monday 8 March 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Simec Atlantis Energy (SAE) is a company I have commented on over the last few years. The share price has defied fundamentals but I have maintain my view, that ultimately, reality will prevail. I rather think that time is arriving. The “flagship” project – Uskmouth Power Station is likely to be facing serious delay. The company is drowning in debt – some of which is immoral in my view. Meanwhile is there a potential whacking great stock overhang to consider.
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