Does AEGA need cash? is there anticipation of the future emission in the air?
Aega may need cash to aquire the last two parks June 30 if not the holding of cash is sufficient due to record high electric prices from 6,4MW since Jan21 2022.
I believe there is quite some cash, and a bank loan for the remaining amount can be raised easily.
Maybe some fear emission, but the CEO did not when he bought 100k shares at 1,61kr 
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Forgot to mention the possibility to sell some shares in NSOL to pay for the expansion of new solarparks…which again generates income from day1, and makes even better conditions for coming bank loans.
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Thanks! Very logical thinking. Can you compare in a couple of words AEGA and SCATEC. what are the cons and pros, besides liquidity matter?
I don’t know much about Scatec, but in a quick view some time ago I concluded it would need to reach 60-70kr to be equal to Aegas 1,35kr in terms of assets. If I remember correctly Scatec has 10mrd NOK in debt, so enterprice value is high.
Aega had quite a rush today, probably a successful Stop Hunt. Luckily I had a couple of orders dormant at 1,20kr at the time 
I strongly believe we’ll go to 1,6-1,8kr soon. Electricity prices is expected to stay high…
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Just read at page 5-6 in the q4 2021 rapport - any further investment is clearly NOT dependent on the warrants, they are “out of the money” as described in the end of page 5.
Further, the diagrams is very interesting. Revenue in q1 was more than 2x the revenue in the preceding q4 in both 2020 and 2021. As q4 2021 gained revenue of 4,8mill we can expect >10mill NOK revenue for q1 2022 -not including higher prices and the additional parks.
I’m not sure how the revenues are calculated though, as sales of electricity is only part of it (page 9), but there is no doubt the income is at all time high.
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I wrote some days back that maybe total asset could be 150mill. According to the q4 rapport total assets is 198mill, equal to 2,99NOK/share. My estimates were to low…
tar en liten startpost igjen. 1.25kr
Haven’t noticed that they write that on pages 5-6 (about being out of money). Haven’t noticed any diagrams in the report either.
So you anticipate the results of Q1 to be very good (around 10 mio NOK in revenue)?
Relax, not “out of money” but the warrants not being included in the purchase program. The warrants are “out of the money” needed to buy new parks. 
Maybe better to read the rapport at aega.no
I don’t know about the 10mio revenue as they have added some other source of income as part of the total, but the revenue must be significantly higher than q4, and because of the current electricity prices I believe it will gain a good profit at the bottom line. And even better to come in q2 and q3.
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I now discovered in the annual rapport that the income is not spot related, but whole year-tariff. It’s dissapointing as the income can’t escalate as I first expected. We will not see 10mio in q1, but probably 6-7mio and just a small profit.
The share price is not extremly undervalued, just undervalued. Now believe 1,8-2,2kr/share is fair price, not 3kr.
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May be the whole year tariff is only in the report, i.e that in the contracts AEGA still has spot related tariffs? Is this possible?
I don’t know for sure, but as I understand it, the year tariff is slightly higher this year.
q4 was 4,8mio NOK at 5,1MW parks. 4,8/5,1x6,4=6,02mio. Add +10% tariff and 10% more solar hour input (diagrams in q4 rapport) and you get 6x1,1x1,1= 7,28mio NOK.
If the cost are up only part of this, we may see 1mio net profit in q1. For q2 the solar input will be significantly higher, so I would argue this is a pretty safe stock to buy at these prices.
Noen som skylte kursen ned i dass i dag? Hmm, skulle hatt mer å handle for…
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what do you think of Scatec’s Q1 results? can we draw a parallel with Aega or is it a different situation?
Totally different situation. Scatec is primarily struck with Ukraine problems. Tariff reduced to 15% of contract to fund the army instead, it’s a robbery.
Aega enjoys peace in Italy and probably 110% of last years tariff 
it’s not a robbery – it’s a war! blame Russia not Ukraine for that!
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RAND_RR3063.pdf (2,7 MB)
Whatever reason, a lot of money is lost. Maybe you will appreciate this 2019 rapport/plan regarding the global situation?