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AERS Aquila European Renewables Plc

61.60
-1.80 (-2.84%)
Last Updated: 10:17:45
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Aquila European Renewables Plc AERS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.80 -2.84% 61.60 10:17:45
Open Price Low Price High Price Close Price Previous Close
61.60 61.60 61.60 63.40
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Aquila European Renewables AERS Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
06/02/2024InterimEUR0.01377515/02/202416/02/202418/03/2024
03/11/2023InterimEUR0.01377516/11/202317/11/202308/12/2023
07/08/2023InterimEUR0.01377517/08/202318/08/202308/09/2023
17/05/2023InterimEUR0.01377525/05/202326/05/202323/06/2023
03/02/2023InterimEUR0.01312516/02/202317/02/202317/03/2023
04/11/2022InterimEUR0.01312517/11/202218/11/202202/12/2022
04/08/2022InterimEUR0.01312511/08/202212/08/202202/09/2022
10/05/2022InterimEUR0.01312519/05/202220/05/202217/06/2022
04/02/2022InterimEUR0.012517/02/202218/02/202211/03/2022
04/11/2021InterimEUR0.012511/11/202112/11/202103/12/2021
05/08/2021InterimEUR0.012519/08/202120/08/202103/09/2021
11/05/2021InterimEUR0.012520/05/202121/05/202118/06/2021
05/02/2021InterimEUR0.012518/02/202119/02/202112/03/2021
17/09/2020InterimEUR0.012508/10/202009/10/202029/10/2020
05/08/2020InterimEUR0.007527/08/202028/08/202014/09/2020
12/05/2020InterimEUR0.007521/05/202022/05/202022/06/2020
11/02/2020InterimEUR0.007520/02/202021/02/202020/03/2020
06/11/2019InterimEUR0.007514/11/201915/11/201929/11/2019

Top Dividend Posts

Top Posts
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 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 03/2/2023 12:47 by alan pt
Nice article, dividend cover looks very solid

I shall now congratulate myself on my highly skilled timing aka random luck!
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

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