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AEET Aquila Energy Efficiency Trust Plc

50.75
0.25 (0.50%)
07 Feb 2025 - Closed
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
  0.25 0.50% 50.75 5,955 10:28:06
Bid Price Offer Price High Price Low Price Open Price
49.00 52.50 51.00 50.00 50.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 5.4M 304k 0.0037 137.16 41.13M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:28 O 952 52.50 GBX

Aquila Energy Efficiency (AEET) Latest News

Aquila Energy Efficiency (AEET) Discussions and Chat

Aquila Energy Efficiency Forums and Chat

Date Time Title Posts
06/2/202508:45AQUILA ENERGY EFFICIENCY TRUST PLC333

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Aquila Energy Efficiency (AEET) Top Chat Posts

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Posted at 08/2/2025 08:20 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 50.50p.
Aquila Energy Efficiency currently has 81,438,268 shares in issue. The market capitalisation of Aquila Energy Efficiency is £41,329,921.
Aquila Energy Efficiency has a price to earnings ratio (PE ratio) of 137.16.
This morning AEET shares opened at 50p
Posted at 06/2/2025 08:34 by cousinit
Langland - don't forget we had the 6 odd pence 'divi' last year.

These small trusts in wind down do tend to find ways for the NAV to slip despite that not being the original pitch!

The superbonus monies (as others have said) should be substantial versus the share price. At least the penalty interest on them is attractive if further delays are experienced.
Posted at 05/2/2025 12:45 by hindsight
Thanks hughpants, I was hoping they were getting close to 40p in cash, even though the share price says otherwise
Posted at 04/2/2025 20:24 by hugepants
On re-reading last results to end June they state they had £14.9M cash in August.

Take off the following;
£5M (dividends) + £2.5M (hedging euros) + £0.8M (commitments) + £1.05M (creditors)

which gives net cash of £5.5M or 6.7p. Can also add 6 month earnings on to that.

Then £28.8M of Superbonus investments anticipated to be redeemed by early 2025.

"...The Investment Adviser believes that the Superbonus investments are likely to be substantially redeemed by the 2024 year end with full redemption in early 2025 although timing remains uncertain."

That's another 35p per share if all redeemed. So AEET could have around 40p per share in cash now.

And have they managed to sell any of the other assets? They've stopped the quarterly updates so who knows.

I think NAV will be written down to about 90p just because the sector is in the doldrums but AEET is cash generative and ungeared so I don't think any NAV reduction should be too drastic.
Posted at 27/1/2025 20:21 by hugepants
I don't think he's saying the remainder would be worth 50% of the book value but given the current market the share price may well be at a 40%-50% discount.
FWIW I expect they will write down the NAV at next results but this should be mitigated somewhat by income generation.
Posted at 24/1/2025 10:41 by iaconatron
@langland: I never really follow comments like that. care to elaborate...?
Value range is complex and is presumably determined in large part by the tail of capital returns...?

I've heard talk of this gbp30mn coming in soon. lets assume its 'certain' and it comes out as capital return quickly - that justifies about 75% of the current price (or 36-37p)

that then leaves about 60p+ of NAV (published NAV is 95p) which you are saying is worth say another 30p, so a 50% discount being applied to that.

Is that what you are suggesting?
Posted at 27/9/2024 10:40 by cynicalsteve
It seems that Aquila bought some very good investments, if only they hadn't taken so long to buy them and treated communicating with shareholders like it was the equivalent of cleaning the shower drain (something I only do when I have to).
As Jim Bowen used to say on Bullseye "Let's have a look at what you could have won!".

AEET was my worst investment decision because I kept buying into a falling share price but now it seems likely I will make an undeserved profit. Those who bought at the bottom will make a much bigger and deserved profit without taking much risk.
Posted at 18/9/2024 16:07 by chucko1
The issue I have with AEET is the extremely long term assets remaining (on average). Given the far greater immediacy of things like GABI, ASLI and API etc., I would rather have the bulk of my winddown chips with the latter.

Having said that, I did own a modest chunk of this prior to the first capital return (via tender), and that was uneventful and profitable. But the portfolio has been rather different in composition from that point. Lower rates might still make this interesting.
Posted at 18/7/2024 20:09 by hugepants
Quite a few decent sized trades going through at the mid price just now.
Posted at 11/5/2024 12:40 by cynicalsteve
Assuming I haven't misunderstood something really important regarding the tender offer, in theory 100% of shareholders should have tendered 100% of their shares, but of course in the real world some shareholders will not have participated for various reasons (death and taxes spring to mind). But how many?

I once owned Balfour Beatty convertibles that were great for income but were never going to be worth converting to ordinary shares but every year in the accounts I would see that a few thousand had been converted. The default choice was not to convert so the owners chose to do so, for AEET the default choice was not to tender any shares so there is a greater chance of a 'mistake' being made. However, despite this, my guess is that the 'excess entitlement' for those who want to sell more than their 'basic entitlement' will be less than 0.1%. We will all find out on Monday (or maybe Tuesday?).

It will be interesting to see what the share price, liquidity and bid/offer spread are a few weeks after the tender offer, Barclays haven't allowed purchases for a few months, other providers may follow.

EDIT: I'm assuming that all institutional investors tendered all their shares. If some didn't tender any the size of the 'excess entitlement' will be much larger. They might do this to have greater influence over the company, it would also allow very small shareholders who tendered all their shares to be paid in full and removed from the register. Not likely but possible.
Posted at 02/5/2024 10:15 by cousinit
Looks quite tight to me at 64.5p on the offer.

So at the basic tender entitlement you would get just over a quarter of your money back, so would need quite a bit of over allocation to make that particularly worthwhile.

I had been buying around 55p and was hoping for a bit more in terms of the Italian Superbonus cash being returned.

If you take a view on that cash as well in maybe 6-9 months, it might be. But to make a turn just on the current one? Seems aggressive with other winding up type discounts in the 25%+ region, which often have a better record and paying regular divs (ie share price will likely wilt post tender).
Aquila Energy Efficiency share price data is direct from the London Stock Exchange

Aquila Energy Efficiency Frequently Asked Questions (FAQ)

What is the current Aquila Energy Efficiency share price?
The current share price of Aquila Energy Efficiency is 50.75p
How many Aquila Energy Efficiency shares are in issue?
Aquila Energy Efficiency has 81,438,268 shares in issue
What is the market cap of Aquila Energy Efficiency?
The market capitalisation of Aquila Energy Efficiency is GBP 41.13M
What is the 1 year trading range for Aquila Energy Efficiency share price?
Aquila Energy Efficiency has traded in the range of 48.00p to 68.50p during the past year
What is the PE ratio of Aquila Energy Efficiency?
The price to earnings ratio of Aquila Energy Efficiency is 137.16
What is the cash to sales ratio of Aquila Energy Efficiency?
The cash to sales ratio of Aquila Energy Efficiency is 7.65
What is the reporting currency for Aquila Energy Efficiency?
Aquila Energy Efficiency reports financial results in GBP
What is the latest annual turnover for Aquila Energy Efficiency?
The latest annual turnover of Aquila Energy Efficiency is GBP 5.4M
What is the latest annual profit for Aquila Energy Efficiency?
The latest annual profit of Aquila Energy Efficiency is GBP 304k
What is the registered address of Aquila Energy Efficiency?
The registered address for Aquila Energy Efficiency is 1ST FLOOR SENATOR HOUSE, 85 QUEEN VICTORIA STREET, LONDON, EC4V 4AB
What is the Aquila Energy Efficiency website address?
The website address for Aquila Energy Efficiency is www.aquila-energy-efficiency-trust.com
Which industry sector does Aquila Energy Efficiency operate in?
Aquila Energy Efficiency operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector

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