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AERS Aquila European Renewables Plc

55.30
0.00 (0.00%)
13 Dec 2024 - Closed
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% 55.30 194 16:29:55
Bid Price Offer Price High Price Low Price Open Price
54.80 55.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty EUR -25.16M EUR -29.9M EUR -0.0791 -6.99 209.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:39:46 O 178 55.80 GBX

Aquila European Renewables (AERS) Latest News

Aquila European Renewables (AERS) Discussions and Chat

Aquila European Renewables Forums and Chat

Date Time Title Posts
05/9/202421:28Aquila European Renewables Income Fund45

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Aquila European Renewables (AERS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:39:4655.8017899.32O
08:01:3155.14168.82O

Aquila European Renewables (AERS) Top Chat Posts

Top Posts
Posted at 13/12/2024 08:20 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 55.30p.
Aquila European Renewables currently has 378,122,130 shares in issue. The market capitalisation of Aquila European Renewables is £209,101,538.
Aquila European Renewables has a price to earnings ratio (PE ratio) of -6.99.
This morning AERS shares opened at -
Posted at 12/7/2024 06:38 by cc2014
Methinks that perhaps the industry is creating it's own problems.

The fund managers fees in nearly all cases are based on NAV and those have been pushed high by use of loads of assumptions in the cash flow models.

I guess the share prices may eventually settle at 10% below NAV and so no new money will even get raised.
Posted at 12/7/2024 05:48 by spectoacc
Fair points, albeit if the tech keeps getting cheaper, do you want to buy legacy ITs? Works if they're continually adding, but those days are over (share issues over NAV).

Then it comes down to price of course, & I'd argue some are cheap enough. But I still say they're wasting assets :)
Posted at 09/7/2024 11:16 by spectoacc
Sobering, from ROOF - wonder how many shareholders/potential shareholders are aware of that paragraph.

Agree re panels, inverter, blades, but - don't they have to raise more money to afford those replacements if everything is getting returned to shareholders via divis (or take on more debt, or sell something). Worked great when there could be regular share issues.

(In fairness, some have made some good asset sales recently).
Posted at 09/7/2024 08:27 by hugepants
spec but asset depreciation is reflected in the NAV.

Weiss now up to 19%.
Posted at 05/7/2024 15:06 by hugepants
I hold some of these along with the likes of JLEN, ROOF, GSEO, TRIG etc.
Yield here is approx 9% and discount 30%. Gearing 35% which they claim is "modest".
Continuation vote in September. Don't really see the point of winding up these types of vehicles. As long as they provide reliable income what's the point. The share price will go up naturally when , or if, interest rates come down.
Posted at 10/5/2024 06:40 by speedsgh
Company Update -

Aquila European Renewables plc ("AERI" or the "Company") announced on 22 December 2023, that it was considering broader options for the future of the Company, including the possible combination with another listed investment company by way of a section 110 scheme of reconstruction under the Insolvency Act 1986 (the "Section 110 Review"). The Board of AERI (the "Board") announced on 26 February 2024, that following the receipt and review of a number of indications of interest in a section 110 combination, a process of mutual due diligence with multiple interested parties had commenced.

Through the Section 110 Review, the Board received indicative non-binding section 110 offers from Octopus Renewables Infrastructure Trust plc and two other investment companies. Each indicative offer proposed the issue of newly issued shares of the listed investment company offeror as consideration and one indicative offer included a cash exit facility of up to 10% of the total consideration. On the basis of a NAV for NAV exchange, each of the three indicative offers represented an implied look through value ranging from a small premium to a discount to the current AERI share price.

Following the FY23 annual results, feedback on the Section 110 Review has been received from shareholders representing a majority of the total voting rights of the Company. Shareholders representing more than 25% of the total voting rights of the Company, sufficient to block a potential shareholder vote on a section 110 combination, indicated that they are not supportive of a section 110 combination of AERI with another listed investment company.

Alongside the shareholder feedback, the Board has taken into account the discount to NAV that the listed investment company renewables sector is currently trading on and believes that at this time, a section 110 combination with another listed investment company is not value enhancing when weighed against the other potential options open to the Company. The Board is also mindful of the additional financial costs that it would incur in running the Section 110 Review to its conclusion. The Board has therefore decided to terminate the Section 110 Review.

In light of market conditions and shareholder feedback, the Board and its advisers continue to progress the review of broader options including:

· a wind-down of the Company with an orderly realisation of its assets over a period of time;

· a potential sale of some or all of the assets of the Company for cash; and

· the potential continuation of the Company in its present form in accordance with its current investment policy delivered by Aquila Capital Investmentgesellschaft, the Company's investment adviser.

The Board expects to provide a further update before the end of Q2 2024. Notwithstanding the outcome of the ongoing review of broader options, the Board notes its commitment to hold a vote on the Company's continuation at a shareholder meeting expected to be held in September 2024.
Posted at 26/4/2024 15:20 by alan pt
Somewhat meh results, with Norway tax a nasty addition:


...and now the board "expects to be able to update shareholders regarding progress (on the auction) before the end of June 2024", bit of a change from "April, if not earlier"

Hard to tell whether that's the result of lots of interest or not much interest
Posted at 18/4/2024 16:09 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 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.
Aquila European Renewables share price data is direct from the London Stock Exchange

Aquila European Renewables Frequently Asked Questions (FAQ)

What is the current Aquila European Renewables share price?
The current share price of Aquila European Renewables is 55.3p.
How many Aquila European Renewables shares are in issue?
Aquila European Renewables has 378,122,130 shares in issue.
What is the market cap of Aquila European Renewables?
The market capitalisation of Aquila European Renewables is GBP 209.10 M.
What is the 1 year trading range for Aquila European Renewables share price?
Aquila European Renewables has traded in the range of 53.00p to 72.00p during the past year.
What is the PE ratio of Aquila European Renewables?
The price to earnings ratio of Aquila European Renewables is -6.99.
What is the cash to sales ratio of Aquila European Renewables?
The cash to sales ratio of Aquila European Renewables is -8.32.
What is the reporting currency for Aquila European Renewables?
Aquila European Renewables reports financial results in EUR.
What is the latest annual turnover for Aquila European Renewables?
The latest annual turnover of Aquila European Renewables is EUR -25.16M.
What is the latest annual profit for Aquila European Renewables?
The latest annual profit of Aquila European Renewables is EUR -29.9M.
What is the registered address of Aquila European Renewables?
The registered address for Aquila European Renewables is 6TH FLOOR, 125 LONDON WALL, LONDON, EC2Y 5AS.
What is the Aquila European Renewables website address?
The website address for Aquila European Renewables is www.aquila-european-renewables.com.
Which industry sector does Aquila European Renewables operate in?
Aquila European Renewables operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector.

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