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AERS Aquila European Renewables Plc

63.60
0.00 (0.00%)
Last Updated: 08:00:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aquila European Renewables Plc LSE:AERS London Ordinary Share GB00BK6RLF66 ORD EUR0.01 (GBP)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 63.60 0.00 08:00:10
Bid Price Offer Price High Price Low Price Open Price
60.80 66.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty EUR 58.91M EUR 54.1M EUR 0.1431 5.03 272.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 63.60 GBX

Aquila European Renewables (AERS) Latest News

Aquila European Renewables (AERS) Discussions and Chat

Aquila European Renewables Forums and Chat

Date Time Title Posts
18/4/202417:09Aquila European Renewables Income Fund23

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Aquila European Renewables (AERS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-22 15:28:0060.6011066.66O
2024-04-22 11:12:4763.491,575999.94O
2024-04-22 09:42:3463.493,7402,374.45O

Aquila European Renewables (AERS) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Aquila European Renewables Daily Update
Aquila European Renewables Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker AERS. The last closing price for Aquila European Renewables was 63.60p.
Aquila European Renewables currently has 378,122,130 shares in issue. The market capitalisation of Aquila European Renewables is £272,247,934.
Aquila European Renewables has a price to earnings ratio (PE ratio) of 5.03.
This morning AERS shares opened at -
Posted at 18/4/2024 17:09 by mwj1959
Update on company auction due by annual results on the 25th. Not holding my breath here. ORIT, a potential bidder, has seen a very weak share price too. At 63p AERS now yielding just under 9%.
Posted at 26/2/2024 17:48 by mwj1959
lacklustre share price reaction to this news!
Posted at 26/2/2024 11:36 by alan pt
www.citywire.com/investment-trust-insider/news/aquila-european-renewables-opens-its-books-to-bidders/a2436909

"Aquila European Renewables (AERS) has launched an auction of the company two months after Octopus Renewables (ORIT) announced its interest in a merger.

The £315m portfolio of solar, wind and hydropower projects managed by Aquila Capital in Germany today said it had received ‘a number of indications of interest’ in a merger since then and had instructed its corporate broker Deutsche Numis to begin ‘a process of mutual due diligence with multiple interested parties’.

The board, chaired by Ian Nolan, said it would only consider a combination that was in the best interests of all shareholders. It said talks were at an early stage and there could be no certainty a transaction would complete. An update would be made by the annual results in April, if not earlier, it said"
Posted at 22/12/2023 16:00 by mwj1959
With the September 24 continuation vote as a backstop combined with Octopus' proposals there is every reason to think that the discount will / need to shrink over the coming 12m, albeit hopefully not through the NAV falling to the share price (and there are plenty of reasons why that could happen given sensitivities to power price, production etc.), but rather vice versa. Conservatively, taking the share price from 66p to 75p, still a substantial discount, would see a near 14% rtn, add in a dividend of 5.5p and you get a 22% TR. So a pretty good risk / reward on a one year basis. Given this I'm happy to be adding around current levels.
Posted at 21/2/2023 16:12 by gopher
Now trading at a discount to NAV compared with Par 11 months ago but have been doing relatively well v the sector with decent news flow and some share buy backs. See no reason for todays fall?
Posted at 03/2/2023 12:34 by alan pt
Yes, the chart is for AERS, which is UKP, there is also AERI which is euros

Haven't looked in detail, but as far as I can understand it's essentially an administrative convenience, much like EBOX/BOXE
Posted at 03/2/2023 12:33 by cc2014
AERS is in GBP and yes you trade in GBP.
Posted at 03/2/2023 12:17 by jonwig
Silly question (sorry!): is the share price in the charts pence (GBX) or €cents? If GBX presumably that'swhat you trade in.

Citywire has an article today:
Posted at 27/1/2023 18:09 by alan pt
Yes, the new taxes in Spain and Norway are a bit of an annoyance, though seem to have pretty limited actual impact. The EU wide proposals seem fairly reasonable too

Given the EU (and especially Germany) need for renewables, I'm more confident that the government interference level will be low than in the UK where government policy changes with the direction of the wind :)

AERS hasn't really had the operational assets or contract model to capitalise on the power price peaks, so I'm not too worried about price falls doing much damage. If anything, it may have been able to fix some decent forward contracts recently as assets became operational, so there may be an upside there

I did also have a look at AEET (and TEET) - great concept, terrible execution so far. But, as we have seen with AERS, proceeding with typical German caution and patience can be frustrating but may turn out well in the end!

I guess one problem with efficiency is that you need a really strong differentiation to attract money when you have SEIT sitting there. Still, if AEET doesn't go anywhere then you'd think it should be easy enough for Aquila to just liquidate it? It must be a flea bite compared to their private funds?
Posted at 27/1/2023 15:36 by alan pt
I may be talking to myself here, but let's see :)

I was invested about three years ago, soon after launch, but I sold out because of the glacial pace of investment

I was prompted to take a look again by this article, flagging the discount:
www.trustnet.com/news/13355955/the-alternatives-trusts-to-snap-up-at-a-bargain-price

Sitting around 76p/86c for AERS/AERI at the moment, for a discount of about 22% and a yield of just over 6%

The interesting thing for me is that it seems to finally be fully invested in generating assets (having invested in some big construction projects which I think have now all completed). Not fully investigated this, but that might imply potential for future dividend increases

Anyway, I bought in again, wondering if there was some fatal flaw which I had missed. But was somewhat reassured today by the news that BG had invested:
www.londonstockexchange.com/news-article/AERS/holding-s-in-company/15812733

Potential negatives
A little small for an infra trust at £450m
Maybe not many retail holders, certainly a bit low on daily trades
How does it grow? Need that discount to narrow a lot to realistically raise
Aquila European Renewables share price data is direct from the London Stock Exchange

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