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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aura Renewable Acquisitions Plc | ARA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.75 | 5.75 | 5.75 | 5.75 | 5.75 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 17/4/2024 11:34 by hedgehog 100 15/04/2024 16:41 RNS Regulatory News Aura Renewable Acquisitions PLC Notice of AGM LSE:ARA Aura Renewable Acquisitions Plc"Aura Renewable Acquisitions plc announces that it has today sent its Annual Report and Financial Statements for the period ended 31 December 2023 (the "Annual Report 2023") and its Notice of Annual General Meeting (the "Notice") to shareholders. The Company's second Annual General Meeting will be held at 11:30 a.m. on Wednesday, 15 May 2024 at the offices of CFPro Cosec Limited, First floor, Holborn Gate, 330 High Holborn, London, WC1V 7QH. In accordance with Listing Rule 9.6.1R, copies of the following documents will soon be submitted to the Financial Conduct Authority's National Storage Mechanism and will shortly be available for inspection at hxxps://data.fca.org - Annual Report and Accounts 2023; and - Notice of Annual General Meeting. Publication on website Copies of the Annual Report 2023 and the Notice of Annual General Meeting are available on the Company's website at hxxps://aurarenewabl |
Posted at 08/4/2024 12:42 by hedgehog 100 08/04/2024 07:00 RNS Regulatory News Aura Renewable Acquisitions PLC Final Results LSE:ARA Aura Renewable Acquisitions Plc"8 April 2024 - Aura Renewable Acquisitions plc, a UK-based company whose objective is to build shareholder value by investing in the global renewable energy supply chain, announces its results for the year ended 31 December 2023. The Company has continued to seek suitable acquisition and investment targets while operating with minimal overheads following its admission to the Standard Segment of the Main Market of the London Stock Exchange in April 2022, raising gross proceeds of £1,000,000 from a placing and subscription. In the year to 31 December 2023, the Company incurred a loss before taxation of £153,000 (2022: £236,000). At 31 December 2023, the Company retained cash resources of £661,000 (2022: £809,000). Aura was established to acquire then act as the holding company for targeted businesses operating in the Global Renewable Energy Sector Supply Chain, particularly participants in the battery, wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors. These potential targets could range from raw materials resourcing to power generation, energy storage and recycling. During the year the board has met and assessed potential acquisition targets in the UK and overseas while maintaining close connections with potential business introducers from within the Board's professional and business networks. By reinforcing the board's intentions and objectives to these potential introducers of opportunities, we have maintained a pipeline of potentially significant targets and held early and encouraging discussions with a number of companies in a range of sectors and jurisdictions. Internationally, governments and policy makers continue to affirm their collective commitment to reducing greenhouse gas emissions through the transition from fossil fuels to renewable energy in order to limit climate change - while seeking to balance energy sustainability, affordability and security. By way of example: - In March 2024 the United Nations Framework Convention on Climate Change and the International Energy Agency underlined their joint approach to addressing climate change. - As announced in November 2023, the EU contributed €28.5 billion in climate finance from public sources and mobilised a further €11.9 billion of private finance in 2022 to support developing countries in reducing greenhouse gas emissions and adapting to the impacts of climate change. - The United States government remains engaged in multiple sectors to meet its climate goals, its Inflation Reduction Act delivering large emission reductions at manageable cost. - In the UK, the Electricity System Operator emphasised the importance of wind power as it unveiled in March 2024 a £58 billion investment in the electricity grid to decarbonise power while meeting growing energy demand by 2035. - On 27 March 2024 the UK electricity regulator Ofgem announced a £3.4 billion funding package for a proposed 2GW 'electricity superhighway' between Scotland and Yorkshire, to help harness the potential of Britain's offshore wind, powering up to 2 million homes. - Also in March 2024, the UK Government announced initiatives to improve energy market efficiency, while further investments in renewable energy transmission and distribution have been announced by both share price Energy Networks and ScottishPower. Meanwhile, demand for both solar PV and heat pump small-scale installations has risen substantially. Against this highly positive background, our investment horizon is wide within our chosen sector, and we will continue to assess and qualify what we believe to be value accretive opportunities wherever they arise. When our ongoing evaluation and investigation result in the potential for a transaction, the Company will give the market appropriate notice. John Croft, the Chairman of Aura commented: "The ongoing economic and political uncertainty caused by supply chain issues, inflation, interest rate rises, hostilities in Europe and further afield, continued to restrict capital market activity during 2023. However, early signs of interest rate reductions on the back of lower inflation figures should have a positive impact on markets. We remain confident that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth and are committed to ensure that the Company and its stakeholders have the chance to share in these opportunities. We believe our strategic approach to finding the right transaction, while closely controlling overheads will prove successful." Publication on website A copy of this announcement is also available on the Company's website at hxxp://www.aurarenew Enquiries Aura Renewable Acquisitions Plc John Croft (Non-Executive Chairman) 07785 315588 Robin Stevens (Non-Executive Director) 07787 112059 Media enquiries Allerton Communications Peter Curtain 020 3633 1730 aurarenewables@aller |
Posted at 06/3/2024 15:09 by hedgehog 100 06/03/2024 13:08 RNS Regulatory News Spiritus Mundi PLC Proposed Acquisition and Suspension of Listing LSE:SPMU Spiritus Mundi Plc"Spiritus Mundi plc, (LSE:SPMU), the Special Purpose Acquisition Company (SPAC) seeking to acquire targets in Europe and Asia in the clinical diagnostics sector, is pleased to announce that it has entered into a heads of terms (the "Head of Terms") to acquire the entire issued share capital of InReste Pte. Ltd. ("InReste") (the "Proposed Acquisition"). The Proposed Acquisition would constitute a reverse takeover under the UK Financial Conduct Authority ("FCA")'s Listing Rules. InReste operates in the healthcare sector, offering a range of innovative technologies and solutions, including through its related companies. It is an integrated healthcare and wellness provider with an established biomedical research and development arm that holds exclusive patents over a number of clinical diagnostic tests. InReste is currently in the process of undertaking a corporate reorganisation such that, prior to entering into the Proposed Acquisition, it will own the entire issued share capital of Restalyst Pte. Ltd. ("Restalyst") and Reste Laboratories Pte. Ltd. ("ResteLab") (the "Restructuring"). ResteLab operates a 20,000 square foot state-of-the-art laboratory in central Singapore, offering a comprehensive selection of testing, screening and laboratory services to clinicians and healthcare professionals. It is automated to process laboratory tests quickly, turning around up to 10,000 tests daily. These services are complemented by Restalyst, which is an innovative biomedical company that develops, manufactures and markets a range of diagnostic solutions. It provides clinically-proven diagnostic solutions, including a number of patented solutions, to the medical and healthcare industry including detection kits for gastric cancer, nasopharyngeal (nose) cancer and liver cancer. Zaccheus Peh, the Company's Non-Executive Chairman, is a controlling shareholder of InReste and is expected to hold a controlling interest in InReste following completion of the Restructuring. ..." SPMU has been suspended today at a share price of 3.75p, market cap. £2.22M. And as at 30 September 2023 the Company held £498,626 in cash. I.e. a market cap. at suspension of nearly four times more than ARA's (at 5.75p), despite having far less cash than ARA. |
Posted at 27/1/2024 20:15 by hedgehog 100 26/01/2024 07:00 RNS Regulatory News Aura Renewable Acquisitions PLC Holding(s) in Company LSE:ARA Aura Renewable Acquisitions PlcSo on 25th. January 2024, N. Fitzpatrick crossed the 4% holding threshold for ARA, having previously crossed the 3% threshold in July 2023. This further shows that he's obviously a shrewd investor, not only identifying this outstanding & undervalued investment opportunity, but then also cannily accumulating on dips. |
Posted at 22/1/2024 10:27 by hedgehog 100 TMOR, a similar shell to ARA, has today announced a placing at a 100% premium to its pre-existing share price of 0.5p:-22/01/2024 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Placing at 1p per share and Board Changes LSE:TMOR More Acquisitions Plc "The Directors of More Acquisitions Plc (LSE: TMOR) are delighted to announce a placing as well as board changes designed to facilitate the Company's next phase of growth. Highlights -- Appointment of two highly experienced company directors to the TMOR board. Neil Sinclair will move to Executive Chairman and Stanley Davis as non-executive director. -- Fundraising of GBP312,240 through the issue of 31,224,000 new ordinary shares of GBP0.01 each at a price of 1p per share ("Placing Shares") with 2 free attaching warrants for every 1 Placing Share issued exercisable at 1.5p (exercisable at any time during the 60-month period from 4 March 2022). These options are on identical terms to those granted to investors at the time of the Company's IPO. -- Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately. Rod McIllree, Executive Director of More Acquisitions plc, said: "Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps." Board Restructuring The Company is pleased to announce the appointment of Neil Sinclair as the Company's new Executive Chairman, and Stanley Davis as a Non-executive Director to the Board. Neil Sinclair - Executive Chairman Neil Sinclair has over 60 years' experience in the real estate sector. He was a co-founder of Sinclair Goldsmith, Chartered Surveyors, which was admitted to the Official List in 1987. It subsequently merged with Conrad Ritblat in 1993, when he became Executive Deputy Chairman. Neil was appointed Chairman of Baker Lorenz, surveyors in 1999, which was sold to Hercules Property Services plc in 2001. He was appointed a non-executive director of Tops Estates plc in 2003 and remained so until it was sold to Land Securities plc in 2005. He co-founded Palace Capital plc with Stanley Davis in July 2010 and helped build a GBP280m property portfolio. He served as Chief Executive Officer until June 2022. ... Stanley Davis - Non-Executive Director Stanley Davis is a successful entrepreneur who has been involved in the City of London since 1977. He founded a company registration agent, Stanley Davis Company Services Limited, which he sold in 1988. In 1990 he became Chief Executive of a small share registration company which became known as IRG plc. It acquired several businesses including Barclays Bank Registrars and was sold in April 2000 for a substantial sum to the Capita Group plc. He was Chairman of Stanley Davis Group Limited specialising in company formations, property & company searches. It was sold in June 2020 to Dye & Durham listed on the Toronto Stock Exchange. He co-founded Palace Capital plc with Neil Sinclair in July 2010 and helped build a GBP280m property portfolio. He served as Chairman until December 2021. ..." This further shows the intrinsic undervaluation of a main-listed shell trading at sub-cash, like ARA. |
Posted at 16/1/2024 16:58 by hedgehog 100 The two key 'green' ARA directors are David Fitzsimmons and Guy Ranawake.From ARA's prospectus dated 5 April 2022:- " ... The Directors believe that their existing relationships will enable the Company to access investment opportunities in the Global Renewable Energy Sector Supply Chain. In particular, David Fitzsimmons and Guy Ranawake provide the Board with considerable experience and in-depth knowledge of the global renewable energy market. The Company will continue to conduct research and regularly monitor the renewable energy industry for potential targets. ..." In Messrs Fitzsimmons & Ranawake, you could hardly wish for a more ideally and impressively suited pair of directors to attract and arrange a great green energy RTO:- "David Fitzsimmons, Non-Executive Director David Fitzsimmons is highly experienced in the energy business, in both executive and non-executive positions. After a 27-year career with BP, from 1978 to 2004, he served as CEO of the UK listed renewables company Novera Energy for 4 years, from 2005 to 2009. He has subsequently advised a number of other renewables companies, including serving on the strategic advisory board of Braemar Energy in New York from 2005 to 2020. Currently, David is a Member of the Technology Expert Service at Imperial College and has been since 2019, providing support and guidance on the commercialisation of its technologies, and has been a member of Pearlstone Energy’s Advisory Board from 2018. Additionally, David is Chairman of Locate in Kent (appointed in 2015) , the Inward Investment Agency for Kent, as well as a Governor of Skinners Kent Academy (appointed in 2011). David has also been appointed as a director of the Skinners’ Academy, with effect from 1 January 2022. David was made Chairman of Dig Deep in 2021, having been a director and trustee since 2017, a charity that brings clean water and hygiene training to rural communities in Kenya. Previously, David served as a director at the Renewables Energy Association (REA) from 2007 to 2009 and the International Petroleum Exchange (IPE) from 1996 to 1997. He resides in the United Kingdom. Guy Ranawake, Non-Executive Director Guy Ranawake is an experienced financial professional with considerable experience in the renewable energy space. He is currently an Independent Adviser to a variety of technology-focused SMEs including Exagen (from 2020) (a grid-scale solar and storage developer), with a particular focus on business strategy and capital raising. Most recently, in December 2021, he became a Designated Member of SRC Partners LLP, an LLP set up for the purpose of fund management focused on private market opportunities in the sustainability and energy transition space. Guy is also Chair of the Dalgarno Trust, having been appointed in November 2020, a charity that aims to improve the lives of those living in North Kensington, London. From 2016 through to 2020, Guy was the Senior Investment Director and Fund Manager of Ingenious Group, an Alternative Investment Fund Manager (“AIFM”) authorised and regulated by the FCA, where he managed infrastructure and infrastructure technology funds investing in renewable energy assets and technology providers, involved in businesses such as smart grids, electric vehicle charging, and energy efficiency solutions. He also has prior experience at Evercore (2008 to 2015), Barclays (2007 to 2008) and Citi (1995 to 2003), where he held director positions in their respective Energy and Infrastructure teams. Guy has been an Associate of the Institute of Chartered Accountants of England and Wales (“ICAEW” |
Posted at 16/1/2024 16:37 by hedgehog 100 slicethepie 16 Jan '24 - 10:23 - 175 of 176(premium) 0 0 0" ... dyor" Slice, "DYOR" can be a cop out phrase from posters who don't have faith in their own judgement. In your case, what you're really saying is: 'If this multibags, don't blame me'. Well, as you got JADE so wrong, it certainly doesn't instill confidence in your investment ability, does it. For starters, ARA has four directors, of whom John Croft is just one, and apparently you don't have any issue with the other three. But also apparently, if those other three were Richard Branson, Bill Gates, and Steve Jobs, you still wouldn't touch this, regardless of any other criteria! And JADE was a completely different situation to ARA: its largest investment was a quarry in China, which would be very risky anyway, and was badly hit by the pandemic. How exactly was John Croft supposed to have prevented that? You're obviously a complete numpty, so may I suggest that you stop blaming others for your own poor investment decisions, and start studying investment. |
Posted at 03/1/2024 19:09 by hedgehog 100 Recent Share Trades for Aura Renew Acq (ARA)Date Time Trade Prc Volume Buy/Sell Bid Ask Value 03-Jan-24 16:18:38 5.01 9,148 Sell* 5.00 6.00 458.31 O 03-Jan-24 11:17:03 5.90 20,170 Buy* 5.00 6.00 1,190 O 03-Jan-24 10:58:09 5.90 16,797 Buy* 4.50 6.00 991.02 O A good start to 2024 for the ARA s.p., rising 0.25p (4.8%) to 5.5p (5p-6p), on a couple of decent buys. ARA should be issuing a post year end operational update soon, as in 2023, and any indication of a RTO deal being close could potentially give quite a boost to the share price from this current lowly level. 16/01/2023 10:26 Alliance News Alliance NewsIN BRIEF: Aura Renewable Acquisitions reviewing acquisition targets LSE:ARA Aura Renewable Acquisitions Plc 16/01/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Post Year End Operational Update LSE:ARA Aura Renewable Acquisitions Plc |
Posted at 28/12/2023 14:27 by hedgehog 100 The CODX RTO price hasn't actually been set: 10p is just the nominal (or par) value of each CODX share, which shares will be issued to pay for the RTO.Though I think it's reasonable to assume that 10p/share will be the minimum issue price, 10p being the price at which CODX raised its cash before and at its floatation, but it could be higher. CODX has had low cash burn, like ARA. (UK companies can't actually issue shares at below their nominal/par value, albeit that value can be changed at a general meeting.) And the CODX share price performance since its March 2022 float, at 10p/share like ARA's, has been not dissimilar to ARA's: CODX started off trading at a large premium (15p s.p.), before declining over time, to its current share price of just 5.5p, at which it has been suspended for its RTO. Codex Acquisitions (CODX):- |
Posted at 20/12/2023 11:34 by hedgehog 100 CODX, a similar shell to ARA, has today suspended for a renewable energy RTO:-20/12/2023 08:18 UK Regulatory (RNS & others) Codex Acquisitions PLC Acquisition LSE:CODX Codex Acquisitions Plc "Proposed Acquisition and Suspension of Listing Codex Acquisitions plc (LSE: CODX) (the "Company") is pleased to announced that, on 19 December 2023, it entered into non-binding heads of terms ("HOTs") to acquire the entire issued share capital of TNE - Technologies New Energy S.A. ("TNE"), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, in consideration for an issue of new ordinary shares of nominal value 10 pence each in the capital of the Company ("Ordinary Shares") (the "Proposed Acquisition"). Background to the Proposed Acquisition The Company was established as a 'special purpose acquisition company' with the objective of undertaking one or more acquisitions in the clean and renewable energy sector, as outlined in its prospectus published on 4 March 2022, a copy of which can be found on the Company's website at the following link: hxxps://www.codexplc About TNE TNE is a global provider and project developer of integrated state-of-the-art energy efficiency, energy transition and decarbonisation solutions. TNE owns a diversified and differentiated portfolio of renewable projects in Portugal based on the energy flexibilisation, Power-to-X and Biomass-to-Liquids technologies architecture that will enable novel applications to a clean transition for the hard-to-abate sectors such as chemical industries, mobility applications and urban built environments. TNE mission is to significantly accelerate developments to drive decarbonisation efforts at scale and get a lasting and unparalleled impact on our planet. Further details about TNE can be found on its website at the following link: hxxps://tne.pt/. The Proposed Acquisition is in line with the Company's acquisition strategy. Details of HOTs The HOTs place an initial valuation on TNE of within the range of GBP28-33 million, subject to adjustments and a floor valuation of no less than GBP28 million. The HOTs are non-binding save principally for provisions relating to exclusivity and confidentiality. Under the HOTs, it is the current intention of the parties that the consideration for the Proposed Acquisition shall be satisfied by the issue of new Ordinary Shares. The HOTs include a long stop date for the entering into legally binding definitive share purchase agreement ("SPA") of 29 March 2024 (which may be varied by mutual agreement of the parties in writing). ..." CODX floated on 9th. March 2022, just one month before ARA. |
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