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| 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% | 55.90 | 1 | 08:00:20 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 54.00 | 58.80 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | EUR -25.16M | EUR -29.9M | EUR -0.0791 | -7.07 | 211.37M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:35:20 | O | 1 | 58.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 18/11/2024 | 07:00 | UK RNS | Aquila European Renewables PLC Change of Registered Office |
| 05/11/2024 | 07:00 | UK RNS | Aquila European Renewables PLC Dividend Declaration |
| 05/11/2024 | 07:00 | UK RNS | Aquila European Renewables PLC Net Asset Value & Factsheet |
| 31/10/2024 | 18:25 | UK RNS | Aquila European Renewables PLC Holding(s) in Company |
| 29/10/2024 | 17:16 | UK RNS | Aquila European Renewables PLC Holding(s) in Company |
| 24/10/2024 | 06:00 | UK RNS | Aquila European Renewables PLC Appointment of Rothschild |
| 09/10/2024 | 06:00 | UK RNS | Aquila European Renewables PLC Holding(s) in Company |
| 30/9/2024 | 15:34 | UK RNS | Aquila European Renewables PLC Result of General Meeting |
| 27/9/2024 | 09:30 | UK RNS | Aquila European Renewables PLC Completion of Norwegian wind farm sale |
| 27/9/2024 | 06:00 | UK RNS | Aquila European Renewables PLC Half-yearly Report |
Aquila European Renewables (AERS) Share Charts1 Year Aquila European Renewables Chart |
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1 Month Aquila European Renewables Chart |
Intraday Aquila European Renewables Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/9/2024 | 21:28 | Aquila European Renewables Income Fund | 45 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:35:20 | 58.80 | 1 | 0.59 | O |
| Top Posts |
|---|
Posted at 21/11/2024 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 55.90p.Aquila European Renewables currently has 378,122,130 shares in issue. The market capitalisation of Aquila European Renewables is £211,370,271. Aquila European Renewables has a price to earnings ratio (PE ratio) of -7.07. 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/potentiAgree 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 Investmentgesellscha 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. |
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