Results and updates covered in our free update here include an upgrade for a provider of Covid-19 tests, which has seen further strong trading. Clearly it needs to develop other products for the post Covid world, whenever that might appear. Elsewhere, there was a much-needed cash injection for a renewable energy group and positive news from another of our Stonking Small Caps (Free to read)
SIMEC Atlantis Energy: sale of hydro business
SIMEC Atlantis Energy (AIM:SAE), has agreed the sale of its subsidiary Green Highlands Renewables (GHR) for £3m.
Having acquired GHR from its main shareholder SIMEC Energy for a nominal £1 in October 2019, it looks a reasonable deal based on that measure, although GHR did contribute £796,000 of profit in 2020 so the acquirer should also be happy.
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