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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aquila Energy Efficiency Trust Plc | AEET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 63.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 63.25 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 17/8/2023 13:38 by cynicalsteve Hi CC2014, I'm one of the retail investors you are talking about, I reduced my holding by selling into (relative!) strength in March. Today I made my first purchase since February, a mere 1457 for my ISA. AEET looks cheap but many other alternative income funds are now looking cheap so I'm spreading my money around (NESF for example). Disappointed there hasn't been any dividend news yet. |
Posted at 22/2/2023 13:38 by cynicalsteve Making a small paper profit on some of my purchases now, unfortunately I'm still making a huge loss on the rest. The fantasy scenario would be an activist investor buying a big stake in the company ahead of the vote. Aquila's other fund AERS was at such a big discount that they decided to introduce a share buyback program so I wonder if Aquila might decide to cut their losses and quit the UK. |
Posted at 20/2/2023 10:49 by cc2014 No obligation at all. It's also interesting that this RNS didn't come out with the others.I see it as the fund manager making a clear committment to the fund either as an attempt to persuade investors to vote for the continuation vote or they just see the shares as so cheap they are happy to buy anyway as they know they'll get far more than the current share price if the fund is wound up. |
Posted at 17/2/2023 15:08 by andy246 Is anyone able to buy AEET today?I see only one broker available at 72 (vs quoted price of 67.5-70.0). I guess whoever was selling heavily over the last few months, is now waiting to see how the continuation vote goes. I also see one broker is trying to buy 250,000 shares, so must have been mandated by a big investor to accumulate shares (which is also why he not selling any shares at any price) |
Posted at 03/11/2022 00:13 by stagvalley I agree that the new NED looks very good. I guess the weakness in the share price in the last few weeks reflects the decline in SDCL. I would buy more (and may yet do especially if the decline were to continue) but don't want to put too many eggs in this one basket. It looks attractive to me but... And the trust is perhaps rather small for institutional interest. But can't help feeling that the discount is going to narrow sharply one way or another - and there is a continuation vote in Feb. Can't see investors wanting to hang on if the discount is any where near as large as currently provided the NAV is seen as reliable in the context of possible liquidation / wind down. |
Posted at 21/9/2022 12:09 by andy246 CC2014, I fully agree with your assessment.Now we need to convince the market, or at least 1 institutional investor to start buying shares and bring the price back up |
Posted at 15/9/2022 10:29 by cc2014 Regrettably the floundering share price shows what happens once investors lose confidence. It's going to take a long time to shake that off, although I suspect once the dividend reaches 5p and it's 100% invested all will be forgiven.SEIT is a large fund, around £1.25bn, fully invested and has delivered what it set out to do. The liquidity is good and it deserves it's premium share price. TENT is a bit all over the place and I believe is suffering by having too many eggs in one basket with about 30% of it's revenues from one company, the largest tomato supplier in the UK. Obviously that's a challenging business to be in right now with shortages of labour and very high heating costs. It's market cap is small at around £100m, but has some interesting investments including Hydro and in deployment battery storage. I own a few. I paid 96p. The discount seems a bit harsh to me. The investments in AEET look better than TENT to me. Certainly less credit risk and more diversified. I would hope that by March 23 the discount here is down to 10% and I would expect it to continue to close slowly after that to less than 5%. The difficulty is that AEET really needs to get to a premia so it can issue more shares and I don't see how that's going to happen. Sure I can see it taking on some debt and getting the invested assets up to £125m but it's hard to see it getting anywhere near the AUM required for FTSE250 entry. The immediate question is whether Invesco, the largest shareholder will stop selling out now they will get and income stream through dividends or whether they have lost the plot with the Board and just want out regardless. |
Posted at 15/8/2022 09:42 by andy246 CC2014, thanks for the insight on Investec being the seller.I wonder if the sales are driven by fund managers at Investec Wealth, or come from the accounts of uncoordinated individual investors at Investec. The next major catalyst is going to be the reinstatement of the dividend. hxxp://pandora-capit |
Posted at 19/7/2022 08:12 by andy246 I agree that this should generally be a positive.In this particular case, I was hoping for the company to announce a low deployment rate at the end of July, and return all excess cash to investors, and the rest of the portfolio in liquidation. The company previously said they would make an announcement at the end of July if deployment was still slow. If the director knew the deployment was low, I'm not sure he would be allowed to purchase shares just before announcing the return of 50-75% of investor cash in AEET. |
Posted at 21/4/2022 09:00 by cc2014 It's taken 3 months to produce something which should have not been required and should have happenned all along.1. The investment strategy is appropriate 2. Aquila put in more resources at their cost to deploy the resources quicker 3. The investment managers fee is paid on committed capital, not the NAV. It would be my view somemwhere along the line Aquila should never have allowed the slow deployment to get to this stage and should have put more resource in without being required to do so and also the Board should have monitored/take action sooner. On the basis the capital is all committed by the end of the year and the portfolio is then producing an 8% return it seems likely the share price would return to 100p. Indeed one might argue and I would that you would end up with a 10% premia as with others in the renewable sector. Of course AEET's credibility has collapsed so I'll settle for 100p. Jon - future work by Complete Strategy is being paid for by the investment manager not the Trust. The share price reaction this morning seems a little odd. The MMs seem to still have plenty of stock, at least in the size retail investors would want to buy. Three of the buys are mine. |
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