Aura Renewable Acquisiti... Share Discussion Threads

[hedgehog 100] 19/8/2023 19:14

ARA's interim results, for its half year ending 30th. June, should be announced soon - they were released on 7th. September last year.

And that should provide an update on progress, especially if no intended RTO deal has been unveiled before then.

[hedgehog 100] 16/8/2023 20:22

GivEnergy is another impressive privately-held British energy storage and battery tech company, that could potentially RTO into ARA:-

"Empowering energy freedom for all

Cut your costs with smart green energy solutions. With GivEnergy technology, you can power your home or business cheaply and sustainably. Become part of a cleaner world."



"Our journey so far

We’ve worked hard to achieve hyper-growth for GivEnergy, and that growth is reflected across our business achievements and our thriving product line."

[hedgehog 100] 15/8/2023 16:49

Home battery storage looks like a huge business growth opportunity, and one which is now really starting to take off:-

"Battery storage: the heart of the low-carbon home

Today’s billpayer faces a perfect storm when it comes to energy usage: soaring costs, energy uncertainty, and mounting climate concerns.

27 April 2023
4 Min Read

In the face of growing strains on traditional energy systems, consumers are increasingly turning towards renewable energy solutions, prompting us to speak with GivEnergy CEO, Jason Howlett, who elaborates on the pivotal role of home storage batteries.

While such a shift towards renewable energy is welcome, it’s not enough. Renewables are, by nature, intermittent. So, it is only when paired with an energy storage technology that billpayers can maximise the potential of their renewable system. Simply put, a home storage battery should sit at the heart of the low-carbon home.

Harnessing renewable energy reliably with home storage batteries

Last year, the UK generated a record amount of energy from renewable sources. Indeed, researchers found that 40% of the UK’s electricity in 2022 comprised solar, wind, biomass, and hydropower. (Representing a 5% increase from 2021).

However, there is no requirement that complementary storage batteries should be in place for these booming renewable projects. Indeed, while everyone is familiar with solar panels and wind turbines, awareness around home storage batteries is much further behind.

This lack of awareness is damaging in terms of both cost and carbon emissions. Many people are surprised to discover that, without storage, much of the energy generated by renewables can go to waste. In fact, it’s been reported that two-thirds of the world’s energy is wasted somewhere between generation and usage. And beyond the waste, a lack of storage means that homes can only use their renewable energy when weather permits. ...

Looking beyond renewables

The benefits of home battery storage go beyond renewables, too. For billpayers who can’t afford to invest in a full solar array or a home wind turbine, an energy storage battery can still deliver significant cost and carbon savings.

Many batteries are app-controlled and can be configured to charge strategically in line with smart tariffs. So, your battery will charge when energy costs and demands are low (such as overnight, when cheap rates are in place.) You can then run your home on clean battery power when energy costs are high, and the grid is under strain.

Even without renewables, a storage battery can still contribute to a low-cost and low-carbon home.

The evolution of battery storage – and its uptake

Fortunately, though awareness is still somewhat behind where it should be, we are seeing an uptick in home storage batteries. For instance, we at GivEnergy commission upwards of 1000 systems per week in the UK alone.

Perhaps most exciting is how advanced these systems are becoming. To use GivEnergy as an example, in 2018, our most powerful residential battery had an individual capacity of 5.2kWh. Fast forward to 2023, and we are on the brink of launching a combined battery and inverter in one integrated product, complete with a backup gateway with a capacity of 13.5kWh. Of course, all these batteries are scalable and can be operated in series to create larger capacity storage systems. ..."

[hedgehog 100] 12/8/2023 19:16

In the twelve months to 31st. July, AceOn's export business alone has increased by over a million pounds, which is a sign both of the company's success, and of what a compelling growth market ARA is targeting for its RTO:-

"AceOn shortlisted for premier export award

Posted by: Alex Thompson

Post Date: July 31

Growing UK renewable energy and battery specialist AceOn has been shortlisted for a top prize in one of the country’s most prestigious awards schemes.

The company is a finalist for the exporter of the year title at the Lloyds Bank British Business Excellence Awards.

It will compete against 10 other firms from across the country for the title – sponsored by the Department for Business and Trade – with the winners being announced at a gala awards night at the Grosvenor House Hotel in London’s Park Lane in November.

AceOn, which has bases in Telford and Solihull, has enjoyed a hugely successful year trading around the world.

Managing director Mark Thompson said: “The past 12 months have really seen our export performance take off. This nomination is further confirmation that we have established ourselves firmly as one of the UK’s battery specialists.

“We are exporting products and working on projects with companies and organisations across several continents. We have secured some big orders and seen a seven-figure increase in the value of our exports business.

“A key ingredient in our success is that we have established strong partnerships with market-leading suppliers of batteries and components such as BMZ. This means that, for our export and domestic markets, the batteries we distribute and the battery packs we manufacture here in the UK offer value-for-money and good quality for our customers.

“And we were delighted to be selected as a Regional Export Champion to share our experiences with other Midlands’ businesses and help the region power up its international trade.” ..."

[hedgehog 100] 12/8/2023 12:37

Another impressive privately-held British energy storage and battery tech company, that could potentially RTO into ARA:-

"AceOn are a pioneering energy storage and battery company with over 30 years’ experience in the battery industry. We are a Telford-based company who supply quality battery energy storage systems and ancillary Renewables such as Solar PV and Inverters."



AceOn is currently growing strongly, and now looks like an ideal time for it to float on the stock market, via a RTO:-

"AceOn strengthens team with key new appointment

Posted by: Alex Thompson

Post Date: July 17, 2023

Expanding UK renewable energy and battery specialist AceOn has strengthened its team with a key appointment to help drive its strategic growth plans.

Jean Maclachlan has joined the company – which has bases in Telford and Solihull – as senior project management consultant.

Jean, who has a wealth of knowledge and experience in the industry, moves to AceOn from US-headquartered Fortune 500 company, Cummins Inc, which leads the diesel engine and alternative energy industry.

AceOn managing director Mark Thompson said Jean would bring a huge amount of expertise and industry knowledge to the company at an important moment in its growth.

“We are thrilled to have appointed someone who is so respected within the industry. Jean will play a key role in promoting our commercial and industrial energy storage solutions at a time when demand is growing at huge pace.

“Our commercial battery products help businesses store renewable and low-tariff power for the most cost-effective use and are an essential tool for companies looking to become more green, reduce their dependency on the Grid, and combat the rising cost of energy.

“With her experience and knowledge of the market, Jean is ideally placed to help drive our continued growth in the sector.”

In the last few years Jean has worked primarily in new energy production and distribution. Her educational background stems from one of the top ten engineering universities in the US, Virginia Tech, with a speciality in Industrial Engineering.

Her recent past career experiences include designing and building data centres, industrial and residential power generation sites in the realm of project management, customer relationship management and opportunity strategy.

She said: “I am absolutely delighted to be joining AceOn to help the company with its continued growth. I am a big admirer of the work that it does and its proud track record in innovation and delivering low carbon, sustainable energy solutions.

“I look forward to playing my part in helping the company build further on its success and leading the way in the commercial and industrial energy storage fields.”

AceOn opened its new offices in Solihull earlier this year as part of a longer-term plan to set up a new warehouse and manufacturing facility in the West Midlands Combined Authority area.

The company has more than 30 years’ experience in the design and manufacture of custom-built battery packs, supporting the development of new battery technologies and products, and the distribution of industrial and consumer batteries to the worldwide market.

The energy division provides a training, service and distribution centre to offer a full turnkey solution for residential and commercial battery energy storage systems.

The group has built a reputation as being specialists in renewable and battery technology, particularly the development of bespoke, custom-built battery packs. Mark and AceOn have been selected by the UK Government as one of its Export Champions."

[hedgehog 100] 08/8/2023 17:32

"INVESTMENT IDEAS

How to invest in battery storage

Large-scale battery-storage assets are key enablers of the energy transition. A small subset of London-listed investment trusts offer private investors a way into the sector

August 8, 2023
By Jennifer Johnson

It took a single lightning strike to instantly shut down 5 per cent of the UK's power on 9 August 2019. The bolt hit a transmission circuit just before 5pm, triggering a rare simultaneous outage at both the Hornsea offshore wind farm and the Little Barford gas power station. The loss of these large generators meant that the frequency of the country’s electricity grid fell to 48.8 hertz – below the lower limit of 49.5 hertz at which National Grid's Electricity Systems Operator (ESO) must maintain the power system.

When this kind of drop-off occurs, power is automatically shut off somewhere on the network to prevent frequency from falling further. In this instance, it just so happened that the lights went out in parts of central London as rush hour was getting under way. Traffic lights stopped working, trains ground to a halt and passengers stranded on platforms navigated out of stations using the torches on their mobile phones.

Although power and services were mostly restored within a few hours, the 9 August blackout was the UK’s largest in more than a decade – and it could have been much worse. Batteries were part of the reason the disruption was contained. At the time, National Grid (NG.) had a total of 200 megawatts (MW) of its own frequency-response batteries at its disposal. These assets are able to provide on-demand electricity in the event of a shortfall elsewhere on the network.

The grid operator was also able to call on nearly 300MW of battery storage put in place by other organisations. “When the battery storage assets detected that drop in frequency, they ramped up their output milliseconds later,” explains Markuz Jaffe, an investment companies analyst at Peel Hunt. “This really speaks to the value they have on the grid.”

By the end of the decade, the consultancy Rystad Energy predicts that the UK will have some 24 gigawatts (GW) of battery storage installed – with enough energy in reserve to power 18mn homes for a year. As the country comes to rely on renewable energy sources, such as wind and solar, reliable sources of back-up power will be needed for days without a strong breeze or adequate sunshine.

In the recent past, gas or coal-fired power stations were responsible for grid-balancing activities. Some facilities, known as peaking plants, are only ever brought online to provide support during periods of high electricity demand. But as the UK moves towards a net zero energy system, it will need to stop relying on these fossil fuel assets. Last autumn, Drax (DRX) delayed the closure of its coal units at the request of the UK government, in order to provide 1.3GW of emergency back-up following Russia's invasion of Ukraine and the energy market turmoil that followed. But Drax has said it will not do the same this year, citing "technical, maintenance and staffing reasons". The UK's only other coal-fired power station, meanwhile, is due to close next year. But battery assets can pick up the slack. As of last month, there was 2.4GW of battery storage capacity operating in the country, as well as 66GW somewhere in the development pipeline. On a cold day in the UK, peak UK electricity demand stands at around 60GW

The opportunity for investors seems obvious: policy dictates that there should be a massive battery build-out in the near future, but work has only just begun. “There are a lot of new assets coming online, and the revenue is predictable to a certain extent because we know how power demand varies throughout the day,” Jaffe says. “You’ve also got the backdrop of the electrification of transport and heating, and more renewables coming onto the grid. Batteries stand to benefit from all these factors that might inject volatility into the system.” ... "

[hedgehog 100] 05/8/2023 16:26

"Fremantle Highway: Disaster averted as burnt car carrier reaches port

1 day ago

By Paul Kirby
BBC News

More than a week after fire swept through a cargo ship carrying almost 4,000 cars in the North Sea, the crippled ship has been towed into port in the north-east of the Netherlands. ...

The Dutch coast guard stressed the cause of the fire on the 11-deck ship was unknown and authorities were careful not to speculate. But an audio recording emerged of one rescue worker suggesting it had started in the battery of an electric vehicle and "it appears an electric vehicle exploded too".

Of the 3,783 cars on board the ship, 498 were electric vehicles. ..."




The Freemantle Highway shipping disaster has highlighted the great fire risk of many existing batteries, with cheaper Chinese lithium ion batteries being particularly risky.

Which highlights the case for safer alternative battery technology, and domestic production.

Both areas which could potentially be an excellent RTO into ARA.

[hedgehog 100] 02/8/2023 20:54

From TradingView.com:-

"AURA RENEWABLE ACQUISITIONS PLC ORD GBP0.01"

"6.75GBXD 0.00 0.00%"

"ARA technical analysis"

"Summary Oscillators Moving Averages"

"Buy Neutral Strong buy"

[hedgehog 100] 02/8/2023 17:53

From Investing.com:-

"Aura Renewable Acquisitions PLC (ARA)"

"6.75 0.00 0.00%"

"ARA Technical Analysis"

"Summary: STRONG BUY
Moving Averages: STRONG BUY Buy (10) Sell (2)
Technical Indicators: STRONG BUY Buy (8) Sell (1)"

[hedgehog 100] 01/8/2023 16:35

15 ARA Aura Renewable 6.75 12.5% 0.75

ARA has closed at fifteenth on the top risers board today, putting it in the top one per cent of performers.

And its rise of 0.75p, to 6.75p, has broken it out upwards to a new 2023 closing high.



And ARA is still trading at a significant discount to its cash.

[hedgehog 100] 31/7/2023 17:10

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
31-Jul-23 08:39:12 6.50 5,923 Buy* 5.50 6.50 385.00 O


The full ARA buy price of 6.5p in now being paid, for just a few hundred pounds of stock.

So there can't be much more 6.5p ARA stock available now.

[hedgehog 100] 27/7/2023 16:00

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
27-Jul-23 14:45:18 6.50 77 Buy* 5.50 6.50 5.01 O
27-Jul-23 12:00:16 6.06666 3,884 Buy* 5.50 6.50 235.63 O
27-Jul-23 09:08:17 6.425 25,000 Buy* 5.00 6.50 1,606 O
27-Jul-23 09:02:36 6.40 20,000 Buy* 5.00 6.50 1,280 O


ARA has today moved back up to 6p mid, for the first time since 5th. July.

And that small £235.63 trade actually looks like a sell for over 6p, so the 'real' mid price is now 6.25p (spread 6p - 6.5p).

A close above 6.375p mid (the 22nd. February close) would be a new 2023 closing high.

[hedgehog 100] 25/7/2023 15:50

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
25-Jul-23 13:34:06 6.40 31,001 Buy* 5.00 6.50 1,984 O
25-Jul-23 12:02:19 6.20 23,976 Buy* 5.00 6.50 1,487 O


So the last of the sub 6p ARA stock has gone, and the latest buy paid 6.4p.

These are actually the first ARA buys for over 6p since June, and the mid price should follow suit shortly if this trend continues.

[hedgehog 100] 21/7/2023 12:35

I wonder who N. Fitzpatrick is, ARA's new 3% shareholder?

He's obviously a shrewd investor, not only identifying this outstanding & undervalued investment opportunity, but then also cannily accumulating on dips.

And his surname 'fitz' quite well with one of ARA's directors:-

"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."

[hedgehog 100] 20/7/2023 15:31

0/07/2023 14:42 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Holding(s) in Company LSE:ARA Aura Renewable Acquisitions Plc

" ... 3. Details of person subject to the notification obligation (iv)
Name N. Fitzpatrick
City and country of registered office West Yorkshire
(if applicable)

4. Full name of shareholder(s) (if different from 3.) (v)
Name Redmayne Bentley Nominees
--------------------------------------------
City and country of registered office West Yorkshire
(if applicable)
--------------------------------------------
5. Date on which the threshold was 18 July 2023
crossed or reached (vi) :
--------------------------------------------
6. Date on which issuer notified 19 July 2023
(DD/MM/YYYY):
--------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 3.0476 nil 3.0476 320,000
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable)
------------------ --------------------- -------------- -------------------- ..."

[hedgehog 100] 19/7/2023 09:15

Brilliant news just out: a huge boost for the British battery sector.

And the timing could hardly be better for an imminent battery technology RTO deal by ARA.


"Jaguar Land Rover-owner to spend £4bn on UK battery factory

1 hour ago Comments

By Simon Jack & Lucy Hooker
BBC News

Jaguar Land Rover-owner Tata has confirmed plans to build its flagship electric car battery factory in the UK.

The new plant in Somerset is expected to create 4,000 UK jobs and thousands more in the wider supply chain.

Tata said it will invest £4bn in the site but it is understood that the government is providing subsidies worth hundreds of millions of pounds.

The plant is described as the most important investment in UK automotive since Nissan arrived in the 1980s.

The new gigafactory, at 40GWh, will be one of the largest in Europe and will make batteries for Jaguar Land Rover vehicles like Range Rover, the Defender and the Jaguar brands.

The plan is to supply other car manufacturers as well, with production at the new factory is due to start in 2026.

Tata have been in negotiations for months to secure state aid for the project.

Prime Minister Rishi Sunak said: "With the global transition to zero emission vehicles well underway, this will help grow our economy by driving forward our lead in battery technology whilst creating as many as 4,000 jobs, and thousands more in the supply chain."

Liberal Democrat Treasury spokesperson Sarah Olney MP said: "This is a welcome move by Jaguar Land Rover after years of the south west being neglected by Government investment."

The plant is Tata's first outside India and, it is hoped, will help the car manufacturing sector transition from petrol and diesel to making electric vehicles.

Batteries typically account for more than half of the value of an electric vehicle, so a reliable supply is expected to be vital for the future of the UK car industry.

The government has been criticised for lacking a clear industrial strategy and falling behind the US and EU in attracting investment in low-carbon technologies.

Some industry insiders hope that the Tata battery investment will open the door to further battery investments in the UK. ..."

[hedgehog 100] 18/7/2023 17:40

ELEG wasn't the only shell that suspended for a RTO on 7th. July; MCI did as well - and under seven months after it floated.

And moreover, MCI's proposed RTO is a pivot from life sciences to lithium, saying this on its website:-
"At Medcaw we recognise the significant role that lithium plays in the global transition to sustainable energy solutions."

In addition, MCI's suspension was accompanied by a placing at 8p, a premium of 88% to its suspension price of 4.25p.
A nice fat premium indeed.
Or perhaps I should say 'a two fat ladies premium' ...

MCI's market cap. at the placing price of 8p would be £1.77M. - compared to a probable cash level of under £1M.


07/07/2023 16:12 PR Newswire (US) Medcaw Investments Plc - Potential acquisition of near-term Lithium production asset LSE:MCI Medcaw Investments Plc

"Potential acquisition of near-term Lithium production asset

• Signing of conditional implementation agreement with Abyssinian Metals Limited
• Equity Fundraise & Suspension of Trading

Medcaw Investments plc (LSE:MCI), an acquisition vehicle, is pleased to announce that it has entered into a conditional implementation agreement with Abyssinian Metals Limited ("AML"), a company incorporated in Australia and developing the Kenticha lithium project located in Oromia State, Southern Ethiopia.

Subject to the Company being satisfied with technical, legal, accounting, tax, financial, commercial and environmental due diligence on AML the Company will consider making an offer to acquire up to 100% of the entire issued share capital of AML ("AML Shares") in consideration for the issue and allotment of new ordinary shares ("Ordinary Shares") in the Company to the shareholders of AML ("Proposed Transaction"). As at the date of this announcement no decision has made by the Company whether to proceed with an offer for the AML Shares or otherwise and there is no offer that is capable of being accepted by the shareholders of AML.

AML is a clean energy metals company with a focus on the development of the Kenticha lithium project in which it has a 51% legal and beneficial interest and manager of the project with the Oromia State holding 49%. ...

Details of Equity Fundraise

Medcaw has today raised gross proceeds of £400,000 at 8p per share ("New Ordinary Shares") through an equity placement to various high net worth and institutional investors introduced by GIS Global Investment Strategy ("GIS") ("Placement"). The Company has therefore allotted and issued a total of 5,000,000 new Ordinary Shares in the Company. ..."




Medcaw Investments (MCI):-

[hedgehog 100] 18/7/2023 15:50

Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
18-Jul-23 10:00:19 5.80 45,000 Buy* 5.00 6.00 2,610 O
18-Jul-23 08:03:01 5.825 3,433 Buy* 5.00 6.00 199.97 O


More ARA buying today, lifting the share price back up to 5.75p.

For shells, which tend to be very lightly traded, such relatively persistent and steady buying as ARA has seen recently tends to be a very positive sign.

[hedgehog 100] 17/7/2023 13:36

"Searchlight Capital buys UK asset manager Gresham for £470mn

Shares in London-listed group soar more than 50% after agreeing to takeover by US investment firm

Arjun Neil Alim and Sally Hickey in London 5 HOURS AGO

US investment firm Searchlight Capital has agreed to buy UK asset manager Gresham House in a £470mn deal, betting on sustained demand for renewable energy assets that the UK group is increasingly focused on.

Gresham House manages about £8bn and invests mainly in sustainable assets such as battery storage infrastructure.

Under the terms of the agreement announced on Monday, Gresham House investors will receive £11.05 in cash, a 63 per cent premium to where the group’s shares closed on Friday. Gresham House shares surged more than 50 per cent on Monday. ..."

[hedgehog 100] 14/7/2023 13:57

Hedgehog 100 30 Mar '23 - 14:11 - 68 of 126 Edit 0 0 0
"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. ..."


This is what the shell ELEG seems to be proposing; ELEG floated last year, and suspended for a RTO last week:-

07/07/2023 08:00 UK Regulatory (RNS & others) Electric Guitar Plc Proposed RTO LSE:ELEG Electric Guitar Plc

"Heads of Terms signed

Proposed Reverse Takeover and Suspension of Listing

Reverse Takeover

ELEG is pleased to announce that as of 6[th] July 2023 it has entered into a non
-binding heads of terms to acquire (through a reverse takeover subject to
regulatory and shareholder approval and due diligence) all the outstanding
shares in 3radical Limited ("3radical") in an all-share transaction
("Transaction").

The Transaction is in line with ELEG's strategy set out at the time of its IPO
last year. On completion of the Transaction, ELEG's intention is to cancel its
listing on the Standard List and seek admission of its ordinary share capital,
as enlarged following completion of the Transaction, to trading on the AIM
Market of the London Stock Exchange ("Admission").

The heads of terms place an initial valuation on 3radical of £3 million, subject
to adjustments.

Suspension of Listing

The Transaction, once completed, would constitute a reverse takeover under the
Listing Rules. As ELEG is not yet able to provide full disclosure under Listing
Rule 5.6.15, it has requested from the Financial Conduct Authority, and been
granted, a suspension of listing in its shares with immediate effect pending
either the issue of an announcement providing further details on the
Transaction, the publication of a prospectus, or an announcement that the
Transaction is not proceeding. ..."

[hedgehog 100] 13/7/2023 15:48

LSE % Gainers Top Lists
EPIC Name %
SPMU Spiritus Mundi +60%


After finishing second yesterday, today SPMU is the top riser: up another 3p, to 8p: market cap. £3.94M.

For ARA, this market cap. would equate to a share price of 37.5p.