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AEET Aquila Energy Efficiency Trust Plc

63.25
0.00 (0.00%)
Last Updated: 08:00:05
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aquila Energy Efficiency Trust Plc LSE:AEET London Ordinary Share GB00BN6JYS78 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 63.25 5,798 08:00:05
Bid Price Offer Price High Price Low Price Open Price
62.00 64.50 64.50 63.25 64.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 2.67M 137k 0.0014 464.29 65M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:07:35 O 5,798 62.025 GBX

Aquila Energy Efficiency (AEET) Latest News

Aquila Energy Efficiency (AEET) Discussions and Chat

Aquila Energy Efficiency Forums and Chat

Date Time Title Posts
22/4/202410:00AQUILA ENERGY EFFICIENCY TRUST PLC273

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Aquila Energy Efficiency (AEET) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:07:3762.035,7983,596.21O
2024-04-24 11:28:0663.6510,0006,365.00O
2024-04-24 11:26:5863.6510,0006,365.00O

Aquila Energy Efficiency (AEET) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Aquila Energy Efficiency Daily Update
Aquila Energy Efficiency Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker AEET. The last closing price for Aquila Energy Efficiency was 63.25p.
Aquila Energy Efficiency currently has 100,000,000 shares in issue. The market capitalisation of Aquila Energy Efficiency is £65,000,000.
Aquila Energy Efficiency has a price to earnings ratio (PE ratio) of 464.29.
This morning AEET shares opened at 64.50p
Posted at 19/4/2024 10:31 by robards
The announcement also says that as they come into more cash they will do this again. That should keep a floor under the price even after this tender is completed.
Posted at 15/4/2024 15:15 by hugepants
I don't think any of these kind of trusts would get sold at, or around, NAV just now. Especially the ones geared at 30%-50% of which there are quite a few. Interest rates are just too high. At least AEET already has substantial cash on the balance sheet though.
Posted at 26/3/2024 13:32 by stagvalley
The share price won't be helped by the fact that you can only sell and not buy on the Hargreaves Lansdown web site as the KID is out of date so buying is suspended. Surely Aquila is shooting itself in the foot here!
Posted at 06/3/2024 14:57 by hugepants
NAV is up slightly to over 94p and initial tender of £17.5M
Posted at 26/2/2024 13:29 by hugepants
Maybe I'm just thick but are the company contradicting themselves here? From the interims to end June 2023;



"By 31 March 2024, as a result of the expected run-off of certain investments, in particular the Superbonus projects, the Investment Adviser expects the Company and its immediate investment holding entities, to have no less than GBP24.0 million of cash (prior to any dividend or return of capital to shareholders). "

They make the same statement twice in fact but then later in the document there is the following which reads like a delay. (But if so why initially emphasising the March2024 date)

"The Company had committed GBP32.5 million to five clusters of Superbonus projects, as at 30 June 2023, a small increase in base currency terms compared with the position as at 31 December 2022 of GBP33.0 million. The net cash deployed increased from GBP18.1 million as at 31 December 2022 to GBP29.0 million as at 30 June 2023. Significant progress has been made on the 109 individual projects within the five clusters such that construction has been completed on 84 of these projects to date. 40 of these 84 projects have secured their final tax credit accreditation and 9 projects have been fully completed, with payments totalling GBP0.9 million for those tax credits received. However, the ESCOs are experiencing delays in receiving certification that the projects qualify for tax credits and the buyers of the tax credits are taking time to make the payments due. As a result of this, the projects now have a longer maturity than originally forecast. This results in additional interest, currently at the rate of 10% per annum, being earned by the Company on the capital committed and deployed. As a result of the delays, the ESCOs are expecting the majority of the capital deployed to be redeemed by the end of the second quarter of 2024 with final payments expected in September 2024. This compares with their earlier expectation of the majority of capital deployed being redeemed by the end of January 2024"
Posted at 09/1/2024 12:26 by cousinit
I suspect you may be right. Weiss have also been popping up on IT registers and unlike Saba seem to prefer alternatives. Weiss seem to transact in chunks rather than nibbling away.

A number of the yield-y alternatives have started to drift lower after the rally post October (although AEET missed that - I guess the lack of div guidance means even fewer friends). Bond yields seem to have retraced 25-30bp from the lows but are still 100bp below the highs. That should make the underlying assets here a bit more attractive to any potential buyers that the Board are engaged with.

Does feel like a lot of people are back to sitting on the sidelines again so forced sellers can't be too picky.
Posted at 25/10/2023 11:06 by cc2014
Another decent sized trade for AEET at least and still loads of liquidity.

It seems to me the buyer is happy to soak up everything they can get at 55p
Posted at 27/9/2023 08:26 by cc2014
Regrettably I suppose I shouldn't expect anything any different when we are talking Italian government administration of the scheme

"40 of these 84 projects have secured their final tax credit accreditation" and we continue to get 10% p.a. while we wait.

I doesn't especially concern me but it seems AEET can't get much of a break with regard to anything
Posted at 17/8/2023 11:54 by cc2014
My interpretation of the last couple of RNS's is that finally the tide has turned. Over the couple of weeks FTSE has fallen around 5% yet AEET has managed to turn up.

We no longer have a seller dumping large quantites below the bid. Indeed that seller went away over a month ago now. It's difficult to presume anything but my guess is the the share price is now in free flow and is much more likely to go up than ever it was before.

Time will tell but there does seem to be a trickle of (retail) buyers fighting a much smaller trickle of distressed or fed up (retail) sellers.


The market test will be interesting. As far as I can see the Board/fund manager has set it up to give it more than half an chance by increasing the weighted avearge discount rate to 8.2% in the June half year accounts. That's higher than the rest of the sector which would give any bidder a bit of room to make an offer close enough to NAV to be tempting to enough shareholders.
Posted at 22/2/2023 14:14 by cc2014
My view is that the stock market is a curious place and the attitude to a stock can turn almost on a sixpence. I hope that is one of those occasions and AEET will be much higher sooner.

It's been available to buy at around 70p since the beginning of November and then in late January and early February prices under 70p were available with 68p briefly about the best you could buy at.

During those 3 months there was plenty of stock around and it felt like the MM's always had plenty. Certainly 90% of the time they did.

Somewhere about a week ago things changed and now the MM's have no stock at all. Since the last trade at 68p (which was mine) there's been almost nothing available to buy, not even 1000 shares most of the time. If you want to sell they are now offering 72p for reasonable size.


I suspect it's nothing more complicated than the seller has cleared.

Perhaps what tippped it more than anything is the publication of all the loans and the quality of the security. As someone else said it's much higher than they thought and I agree. It's completely transparent which always helps.


I have voted for the continuation and would encourage others to do the same. Voting is now available on both AJ Bell and HL. I'm happy to hold, collect the dividend and let the share price run up. The alternative is waiting for the Board to make a recommendation and then another vote. By then I suspect the share price will have run up anyway.
Aquila Energy Efficiency share price data is direct from the London Stock Exchange

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