Aura Renewable Acquisiti... Share Discussion Threads

[hedgehog 100] 06/4/2023 16:23

06/04/2023 16:30 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Annual Financial Report and Notice of Meeting LSE:ARA Aura Renewable Acquisitions Plc

"Annual Report & Accounts and Notice of First Annual General Meeting

Aura Renewable Acquisitions plc announces that it has today sent its Annual Report and Financial Statements for the period ended 31 December 2022 (the "Annual Report 2022") and its Notice of Annual General Meeting (the "Notice") to shareholders.

The Company's first Annual General Meeting will be held at 3 p.m. on Wednesday, 3 May 2023 at the o ffices of DMH Stallard LLP, 11th Floor, 6 New Street Square, New Fetter Lane, London EC4A 3BF.

In accordance with Listing Rule 9.6.1R, copies of the following documents have been submitted to the Financial Conduct Authority's National Storage Mechanism and will shortly be available for inspection at hxxps://data.fca.org.uk/#/nsm/nationalstoragemechanism .

-- Annual Report and Accounts 2022; and
-- Notice of Annual General Meeting.
Publication on website

Copies of the Annual Report 2022 and the Notice are also available on the Company's website at hxxps://aurarenewables.com/. "

[shortcpx] 05/4/2023 09:59

In a topical sector. Valued sub cash. Anaemic cash burn. But 12 months and still poking around the edges. Lads need to crack on and stop with the excuses.

[hedgehog 100] 05/4/2023 07:27

05/04/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Annual Results LSE:ARA Aura Renewable Acquisitions Plc

"5 April 2023 - Aura Renewable Acquisitions plc, a UK-based company whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, is pleased to announce its maiden results for the period from the date of incorporation on 4 November 2021 through to 31 December 2022.

Aura was formed as a special-purpose acquisition company focusing on the Global Renewable Energy Sector Supply Chain, particularly on businesses in the wind, solar, biomass, hydropower, carbon capture, waste management, energy storage, smart grid and green hydrogen supply chain.

The Company raised gross proceeds of GBP1 million on admission to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange in April 2022. For the period ended 31 December 2022 the Company recorded a loss before taxation of GBP236,000, a significant part of which related to the expensed costs related to the listing. Our operating expenses are very closely controlled, and the directors do not draw income during this pre investment stage. As of 31 December 2022, the Company had bank balances of GBP809,000.

The Company continues to actively review potential acquisition targets at various stages of development and operating in a number of geographic regions, all of which have potential global relevance. We also continue to take soundings from the investor community to thereby best fit investment appetite with the opportunities available.

National governments have recently shown a common resolve to reflect the need to focus on sustainable renewable energy, including the scale up of affordable, clean, homegrown power to provide long term energy security in the UK, investment incentives to speed the transition to low-carbon economy in the US through the Inflation Reduction Act, and C$80 bn of tax credits over 10 years for clean technology and clean electricity in Canada.

Our investment horizon is relatively wide within our chosen sector, and we will continue to assess and qualify what we believe to be value accretive opportunities in the UK and overseas. 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:

" Since listing, Aura has been exploring targets in the UK and overseas which could provide an opportunity to create significant growth in this crucially important, exciting and fast-moving market sector. We have also consulted with the Board's professional and business networks to raise the Company's profile and reinforce its intentions and objectives to these potential introducers of opportunities, as a result of which we have held early discussions with a number of potential target companies for acquisition.

"The widespread economic and political uncertainty caused by supply chain issues, inflation, interest rate rises, hostilities in Europe and further afield, the lingering impact of Covid and climate change, restricted capital market activity during 2022. However, there are early signs that capital market transactions may be beginning to resurface, and we remain more confident than ever that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth. We are committed to ensure that the Company and its stakeholders have the chance to share in these opportunities."

Publication on website

A copy of this announcement is also available on the Company's website at hxxp://www.aurarenewables.com.

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
[e-mail] "

[hedgehog 100] 30/3/2023 13:58

Solarno,

I wouldn't think that DSI would be looking to raise a vast amount with its RTO: perhaps a couple of million pounds.

But shells don't tend to specify at this stage, i.e. the initial announcement of the proposed RTO, the amount they are looking to raise.

You may be interested in this thread:-

"Dial Square Investments: Sports Management Shell"

[solarno lopez] 30/3/2023 13:29

And how much cash are DSI raising ?

[hedgehog 100] 30/3/2023 13:11

If ARA's post-RTO enlarged equity is under £30M., then it would no longer be eligible for the Main Market.

It would probably therefore list on AIM, and I don't see why this couldn't be via a direct transfer, with no full delisting in between.

Indeed, after ARA has been listed on the Main Market for 18 months, this transfer could be fast tracked.

From Bird & Bird LLP, 17 August 2022, re transferring from the Main Market to AIM:-

"AIM Designated Market (fast track)
procedure for transfer to AIM Market
provided shares listed for at least 18
months."

[hedgehog 100] 26/3/2023 12:06

The shell Dial Square Investments (DSI) has very recently announced RTO news that is very relevant and encouraging for ARA.

A proposed RTO at a price of 6p per share, for a 'green energy' company (as defined by the EU: ).

Which is an 84.6% premium to DSI's current (suspended) share price of 3.25p (market cap. £862,875).

And that DSI market cap. is significantly more than ARA's (£603,750 at 0.575p), despite DSI having significantly less cash that ARA.

It's also interesting that DSI only floated four months ago (30.11.22), compared to nearly a year ago for ARA.


10/03/2023 07:56 UK Regulatory (RNS & others) Dial Square Investments PLC Proposed Acquisition and Suspension of Trading LSE:DSI Dial Square Investments Plc

"Proposed Acquisition of UK energy transition company, Proposed Cancellation of Listing and Suspension of Trading

Dial Square, a London Stock Exchange traded special purpose acquisition vehicle, is pleased to announce that it has entered into Heads of Terms ("Term Sheet") to acquire 100% of the issued and to be issued share capital by way of a reverse takeover ("the Transaction") of EnergyPathways Ltd ("EnergyPathways"), an English private company. EnergyPathways is an energy transition company, targeting UK gas assets, with the aim of bringing into production, in the near-term, low emission energy solutions to assist with the UK's transition to Net Zero while also providing critical supply to ensure domestic energy security. ...

Pursuant to the Transaction, it is proposed that the issued and to be issued shares of EnergyPathways be acquired for an aggregate consideration of GBP4,080,833 to be satisfied by the issue of 68,013,885 ordinary shares in the capital of the Company to the vendors of EnergyPathways at an issue price of 6 pence per ordinary share of the Company.

The Transaction remains subject to various conditions, including full due diligence to the Company's satisfaction and Re-admission (defined below). As the market capitalisation of the enlarged group following completion of the Transaction is expected to be less than GBP30 million (being the minimum market capitalisation for new applications for admission to Standard Segment and to trading on the Main Market), the Company will not be seeking readmission of its shares to the Standard Segment and to trading on the Main Market for listed securities of the London Stock Exchange. Instead, the Company intends to make an application for its ordinary shares to be admitted to trading on the AIM market operated by the London Stock Exchange ("Re-admission") and will, in due course, publish an admission document. ...

As stated above, upon completion of the Transaction, the Company would be seeking Re-admission on AIM and would have sought cancellation of its existing listing in any event. The Company expects the cancellation of its listing to be effective from 6 April 2023 and will update Shareholders in due course once the timetable for cancellation is confirmed. ..."




23/03/2023 07:00 UK Regulatory (RNS & others) Dial Square Investments PLC Update: Cancellation of Listing LSE:DSI Dial Square Investments Plc

"Update: Cancellation of Listing

... As agreed with the Financial Conduct Authority, the listing of the Company's ordinary shares will remain suspended pending either: (a) cancellation of the listing prior to completion of the Transaction; or (b) if the Transaction does not proceed, re-admission of the Company's ordinary shares to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities, or cancellation of the listing, depending on whether the Company meets the eligibility requirements of the Financial Conduct Authority at that time. Accordingly, the cancellation of the listing of the Company's shares will not occur on 6 April 2023 as initially expected and previously announced. The Company will update Shareholders in due course. ..."

[softmallow] 27/2/2023 10:54

Went quiet again after last week's flurry.

[hedgehog 100] 23/2/2023 13:14

LSE % GainersTop Lists
EPIC Name %
STA Star Phoenix +73%

After more than trebling yesterday, STA is currently up a further 73% today (to 2.25p), further highlighting ARA's massive undervaluation and gains potential.

[hedgehog 100] 22/2/2023 21:27

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
22-Feb-23 16:21:56 6.45 8,888 Buy* 6.25 6.50 573.28 O
22-Feb-23 16:14:16 6.45 8,000 Buy* 6.25 6.50 516.00 O
22-Feb-23 13:09:33 6.45 7,621 Buy* 6.25 6.50 491.55 O
22-Feb-23 13:07:42 6.40 14,295 Buy* 6.00 6.50 914.88 O
22-Feb-23 12:41:36 6.40 15,454 Buy* 6.00 6.50 989.06 O
22-Feb-23 11:20:49 6.40 38,775 Buy* 6.00 6.50 2,482 O
22-Feb-23 10:25:33 6.40 5,541 Buy* 6.00 6.50 354.62 O
22-Feb-23 10:23:59 6.30 5,005 Buy* 6.00 6.50 315.32 O
22-Feb-23 10:11:49 6.30 23,541 Buy* 5.50 6.50 1,483 O
22-Feb-23 10:08:53 6.38 32,603 Buy* 5.50 6.50 2,080 O


A wave of ARA buying today has moved the bid price up 13.6%, from 5.5p to 6.25p.

I don't think that it would take much more buying of this type for the price to pop.

After ARA floated last April at 10p it closed initially at 17p, on bullish deal expectations given the quality board.

Now, nearly a year closer to a deal, and with potential acquisitions cheaper than ever, it's barely a third of that price.

But perhaps not for that much longer.

[hedgehog 100] 22/2/2023 17:36

LSE % Gainers Top Lists
EPIC Name %
STA Star Phoenix +225%

21/02/2023 17:16 UK Regulatory (RNS & others) Star Phoenix Group Ltd Audited Annual Report for Year Ended 30 June 2022 LSE:STA Star Phoenix Group Ltd

" ... The Company's key focus remains on securing new opportunities to provide future growth and value for the Company and its shareholders. Over the last year, the Company has considered, reviewed and evaluated numerous projects and investment opportunities with a view of securing attractive targets.

The Company is pleased to report that it is currently in advanced discussions on a selected number of investment and joint venture opportunities and is focusing its efforts to progress to the next stage. The Board believes these new opportunities would offer shareholders exposure to significant plays in the energy sector and looks forward to sharing the details of these potentially value enhancing opportunities should they progress to binding deals. ...

As at the reporting date (17 February 2023), the company had a cash balance of approximately US$457,000. Management believe there are sufficient funds to meet the Group's working capital requirements for the next 6 months. The ability of the Group to continue as a going concern beyond that timeframe is dependent on securing additional funding through the issue of shares and/or debt to fund its activities. The Company is currently seeking other opportunities to further expand its operations in other geographic locations. ..."




Interesting to see STA more than treble today to a market cap. of £1.96M. (1.3p/share), from a similar market cap. to ARA's at present, and on similar prospective deal news to that which ARA announced last month.

But with far less cash than ARA currently has, and far higher cash burn.

[hedgehog 100] 22/2/2023 14:56

Ten and a half months since ARA's IPO - I've think we've now entered the 'sweet spot' in terms of sufficient time to identify a suitable RTO target.

So there may well not be much longer to buy in ahead of a suspension ... and with any proposed RTO likely to be at a big premium to the current share price of just 6.375p.

[softmallow] 22/2/2023 13:11

Bit of movement...news coming ?

[shortcpx] 07/2/2023 20:37

That's it for now. Want to see a premium on cash at fair value in the short term and a deal as soon as. Nearly a year so let's see some hustle.

[hedgehog 100] 07/2/2023 17:59

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
07-Feb-23 12:13:47 6.00 20,000 Unknown* 5.50 6.50 1,200 O
07-Feb-23 12:11:24 6.00 25,755 Sell* 6.00 6.50 1,545 O


Well done S.C.

So with that extra 20,000, you're now up to an impressive 197,728: about 1.88% of the share in issue.

[shortcpx] 07/2/2023 13:54

Cheeky. Bought some at 6p.

[hedgehog 100] 02/2/2023 18:33

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
02-Feb-23 12:02:23 6.45 177,728 Unknown* 6.00 6.50 11.46k O
02-Feb-23 12:17:52 6.08 20,000 Sell* 6.00 6.50 1,216 O
02-Feb-23 08:13:56 5.65 30,000 Sell* 5.50 6.50 1,695 O


Welcome S.C. - and thanks for letting us know.

And you are not only in, but in in quite some size: about 1.69% of the company (10.5M. shares in issue).

[shortcpx] 02/2/2023 12:20

Cash raised is to appraise targets. Always another fundraise for the target business to execute growth plan. The fun is in the RTO raise price and subsequent performance if well received by the market. See CRTM as another example. Just under trebled after returning.

[shortcpx] 02/2/2023 12:08

SOP/KNB was a banger (in youth parlance). 5p IPO, 40p plus on return. And they gave shareholders on the register at suspension 10p warrants as well. IIRC.

[shortcpx] 02/2/2023 12:05

177k shares just bought. Valued below cash.

[shortcpx] 02/2/2023 12:03

ARA. I am in you.

[hedgehog 100] 16/1/2023 17:11

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
16-Jan-23 12:30:56 5.97 15,000 Buy* 5.50 6.00 895.50 O
16-Jan-23 08:01:11 5.94 25,000 Buy* 5.50 6.00 1,485 O
16-Jan-23 08:00:06 5.80 40,000 Buy* 5.50 6.00 2,320 O

ARA has closed up 9.1% today, rising 0.5p to 6p.


Today's operation update from ARA is doubly reassuring:-

• The company has been active in pursuing potential acquisition targets, with international battery storage technology companies being particularly mentioned, with sounds exciting.

• The company is clearly husbanding its cash superbly for an intended acquisition.

This should reassure Chinahere's concern, expressed in post 34 above, that "there won't be much left soon".

The prospectus allocates £478K. cash for making an acquisition, and £350K. for general and administration costs.
But I would think that the £350K. will be used largely for due diligence and legal costs etc. for an acquisition, leaving the balance of £478K. to go towards the actual purchase price (combined with the issue of shares to the target company) and/or go to the cash resources of the expanded entity post RTO.


Even with today's rise, ARA's market cap. is still just £630K. at 6p, which is way below its cash, for an asset class (shells) that nearly always trade at a premium to cash.
And even though ARA looks a cut above the average shell.

[hedgehog 100] 16/1/2023 14:29

A good positive update today from ARA, which has currently lifted the share price back up to 6p (5.5p - 6.5p), on volume of 80,000 shares traded, all of which are buys.

And well done to the company on such refreshingly good cash conservation.

From ARA's 5th. April 2022 prospectus:-
"The Company recorded an audited total comprehensive loss of £23,734 for the financial period ended on 30 November 2021 and as at 30 November 2021 had net assets of £26,266."
"Estimated Net Proceeds of the Placing and Subscription £828,000"
"On Admission, the Company will have an additional cash amount of £50,000 available for use in making an Acquisition, being the proceeds from the issues of shares in November 2021."

From today's ARA RNS:-
"As of 31 December 2022, the Company had an unaudited cash balance of GBP809,000, reflective of the minimal overhead base following the listing."

= Cash burn of c. £45K., 1.12.21 - 31.12.22, excluding the one-off IPO costs taken off the gross IPO placing proceeds.

From ARA's prospectus dated 5 April 2022, re all four directors:-

" ... not entitled to a fee until the first Acquisition has been completed, at which time his subsequent entitlement to a fee will be considered by the Nomination and Remuneration Committee. ..."




16/01/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Post Year End Operational Update LSE:ARA Aura Renewable Acquisitions Plc

"Aura Renewable Acquisitions plc, a UK-based company whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, is pleased to provide an update on progress for the period from the date of incorporation on 4 November 2021 through to 31 December 2022.

Aura was formed as a special-purpose acquisition company focusing on the Global Renewable Energy Sector Supply Chain, particularly on businesses in the wind, solar, biomass, hydropower, carbon capture, waste management, energy storage, smart grid and green hydrogen supply chain.

The Company raised gross proceeds of GBP1 million on admission to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange in April 2022. As of 31 December 2022, the Company had an unaudited cash balance of GBP809,000, reflective of the minimal overhead base following the listing.

The Company has actively and selectively reviewed potential international acquisition targets since listing and at the same time the Board has taken soundings from the investor community to seek to best fit investment appetite with the opportunities available.

Amongst others, and by way of example, companies in the energy storage sector, developing next-generation battery technologies, have drawn the Company's attention. Batteries play an essential role in the energy sector supply chain, facilitating the transition to a net zero economy and a more sustainable environment.

Many countries, including the United States and the United Kingdom, have realised the importance of secure domestic supply chains and have introduced legislation, government grants and other incentives to support their battery industries - an example being the Inflation Reduction Act under the President Biden Administration.

Our investment horizon is relatively wide within our chosen sector, and we will continue to assess and qualify what we believe to be value accretive opportunities in the UK and overseas. When our ongoing evaluation and investigation result in the potential for a transaction, the Company will give the market appropriate notice.

The Company expects to announce its results for the period ended 31 December 2022 in early April 2023.

John Croft, the Chairman of Aura commented:

"As we move further into our first full year of operation, Aura continues to explore a range of target acquisitions and investments which the Board considers could offer the potential for significant growth in this exciting, fast-moving and crucially important market sector.

"We expect supply chain, inflation and interest rate issues to be less of a dampening factor on corporate activity in 2023, and believe that capital market activity and fundraisings will slowly recover as the year progresses. Hostilities in Europe and further afield, the lingering impact of Covid, especially in China, are still causes for concern, as is the irrefutable and increasingly evident daily impact of climate change.

"As I have mentioned before, we are more confident than ever that the renewable energy sector will offer excellent opportunities for acquisitive and organic growth for the foreseeable future. We are striving to give the Company and its stakeholders the chance to share in these opportunities, not least to help in some small way to protect our planet for future generations."

Publication on website

A copy of this announcement is also available on the Company's website at hxxp://www.aurarenewables.com."