Vatacarma,
As I've said, there aren't that many, and the majority of those are currently suspended for RTOs, so can't be bought.
Here are a couple of suggestions though:-
1. Beacon Rise Holdings (BRS) 80p Market cap. £944.27K.
2. TechFinancials (TECH) 0.2p Market cap. £171.36K. (Aquis-traded) |
Hi Hedgehog are you able to share a few of your other choices in the world of shells ?
Thanks Vat |
Thanks Solarno.
Yes, CODX completes a two-month 'hat-trick' of such overnight hundreds of per cent 'paper' gains for myself, following on from ARA & ROC.
And this is out of just a few shells that I currently have shareholdings in.
It's just a question of having very strict selection criteria, looking at many shells but discounting the vast majority of them, and having good patience for both buying and holding. |
Well done once again Hedgehog you certainly know how to find these shells of quality. |
 And some great news today from CODX, a similar shell to ARA: which like ARA is pursuing a renewable energy acquisition in the Iberian Peninsula:-
06/02/2025 07:00 RNS Regulatory News Codex Acquisitions PLC Entry into Acquisition Agreement and Update LSE:CODX Codex Acquisitions Plc
"Codex Acquisitions plc (LSE: CODX) ("Company" or "Codex") is pleased to announce that it has entered into an English law governed acquisition agreement (cast as a deed) with certain vendors, dated 5 February 2024, to acquire the entire share capital of Technologies New Energy S.A. ("TNE"), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, for £28,000,000 to be settled by way of the issue and allotment of new ordinary shares of nominal value £0.10 each in the capital of the Company ("Ordinary Shares") at a reference price of £0.20 per share ("Acquisition"), conditional on admission of the enlarged issued share capital of the Company to listing on the equity shares (transition) category of the Official List of the Financial Conduct Authority ("FCA") ("ES(T)C Listing") and to trading on the main market for listed securities ("Main Market") of London Stock Exchange plc ("London Stock Exchange") ("Admission").
The Acquisition Agreement contains an Admission long stop date of 28 February 2025 (which may be extended by mutual agreement of the parties). ..."
So a 20p/share RTO valuation for current CODX shares.
Compared to a current CODX share price (suspended) of 5.5p, market cap. £467,500 (8,500,00 shares in issue).
I.e. an increase 'on paper' of over 3.6 times: over 260%! |
From Hargreaves Lansdown "Investment Times", Issue 159 - winter 2024:-
"Investment Outlook 2025
Emma Wall
Head of Platform Investments
... 3 investments to watch in 2025
Heading into the New Year, there are three investments we see as the most compelling - though as always with investing, these should be part of a portfolio that is well diversified across regions and asset classes.
Bonds ...
US smaller companies ...
Infrastructure and renewables
While inflation and interest rates have proved headwinds for infrastructure, the macro-environment is - slowly - changing.
Falling inflation and interest rates cuts historically have been good for the sector. Add to that significant investment promised in the Autumn Budget in October and the outlook is brighter that it's been for some time.
That political commitment was weighty. The chancellor promised £35bn in infrastructure improvements, more specially new roads and an upgrade of our digital grid. Reeves also confirmed £4.5bn in cleaning up our water system, £20bn into green transport and a further £12bn in energy transition and renewables investment such as hydrogen, offshore wind and solar energy projects.
Both infrastructure and renewable energy offer investors potential for income and growth, and can add good diversification to a portfolio that already owns stocks and bonds. For the full selection of our expert team's shares, funds, investment trusts and EFTs to watch for 2025, visit www.hl.co.uk/guide-to-2025, or scan the QR code." |
"London stock market shows signs of recovery after challenging 2024
Despite a tough 2024 with limited IPOs, the London Stock Exchange looks set for transformation in 2025 with major listings planned and improved investor confidence.
Written by: Axel Rudolph FSTA | Senior Technical Analyst, London
Signs of market recovery emerge
The London Stock Exchange is showing promising signs of revival after a challenging 2024, with several major listings in preparation. These include Greek firm Metlen, targeting a £5 billion valuation, and Chinese retailer Shein, potentially worth £50 billion.
Trading online data shows only £700 million was raised through eight initial public offerings (IPOs) in 2024, down from £800 million across 11 IPOs in 2023. Moreover, fears about the London market were exacerbated as three times as many firms left the market—via takeovers or relocating to other countries—as arrived. This decline reflects broader market challenges.
The FCA's new listing rules aim to attract more growth-focused businesses. Recent developments include UK equity funds seeing their first net inflows in 42 months.
French media company Vivendi decision to list Canal+ in London signals growing international confidence in the market.
Potential takeover targets emerge
Several UK companies have been identified as potential takeover targets by analysts.
ITV, valued at £2.7 billion, continues to attract takeover speculation, particularly from private equity firms. B&M's upcoming leadership transition makes it another attractive target.
Burberry, now valued at £3.4 billion after leaving the FTSE 100, appears vulnerable to acquisition given its strong brand value.
Larger companies like Diageo (£55 billion) and Whitbread (£5.2 billion) are also being watched for potential corporate activity.
Regulatory reforms support market confidence
Recent FCA reforms have made the market more appealing for trading and investing. These changes aim to attract entrepreneurs and growth companies.
Political stability and improved investor confidence are cited as crucial factors for market recovery. The end of regulatory uncertainty has boosted market sentiment.
Online trading platforms report increased interest in UK equities following these developments.
Market participants are optimistic about London regaining its position as a leading global financial hub.
Global competition intensifies
Europe's largest 2024 listing, CVC's €2 billion IPO, choosing Amsterdam highlights ongoing competition. This reflects the need for London to maintain its competitive edge.
Trading signals indicate increased activity in European financial centres competing with London.
The market faces challenges from other global financial hubs seeking to attract major listings.
London's response through regulatory reforms and market innovations aims to address this competition.
Outlook for 2025
2025 could mark a turning point for the London market, with several significant IPOs planned. Index funds may benefit from this renewed activity.
Improved political stability and regulatory clarity provide a stronger foundation for market growth.
The combination of new listings and reforms could help London reassert its position globally.
Success will depend on converting current optimism into tangible market activity. ..." |
Hedgehog 100 25 Nov '23 - 20:29 - 162 of 201 Edit 0 0 0
"And as regards the potential impact of a good RTO deal.
On 14.11.23, ZEG closed up a whomping 364%, rising 110.6p to 141p, after returning from a near two month suspension.
ZEG's market cap. at its suspension price of 30.4p was £1.89M., which like ARA was less than its cash per share. ..."
ZEG (Zegona Communications) has been a cracking RTO, and at its current share price of 424p it has now c. 14-bagged from its pre-RTO suspension price.
And encouragingly for ARA's proposed ZCT RTO, this was also a Spanish RTO, and successfully raised EUR300 million - at 150p:-
09/11/2023 11:34 UK Regulatory (RNS & others) Zegona Communications PLC Proposed Placing LSE:ZEG Zegona Communications Plc
"Further to the announcements of 31 October 2023 in connection with the Company's acquisition of Vodafone Spain for EUR5.0bn, Zegona announces a proposed placing to raise gross proceeds of approximately EUR300 million (GBP261 million) (the " Placing " ).
The Placing will comprise the issue of New Zegona Shares to institutional investors at the Offer Price of 150 pence per share by way of a non-pre-emptive placing. It will be conducted through an accelerated bookbuilding process which will be launched immediately following this announcement. ...
The Offer Price represents a 380 per cent. premium to the closing mid-market price of a Zegona Share on 22 September 2023, the date when Zegona requested that trading in its shares was suspended by the London Stock Exchange following press speculation in relation to the Acquisition. ..."
Zegona Communications (ZEG):- |
Some great news yesterday from ROC:-
18/12/2024 09:26 RNS Regulatory News Rockpool Acquisitions PLC Potential reverse takeover European Lingerie Group LSE:ROC Rockpool Acquisitions Plc
"Heads of Agreement signed with European Lingerie Group, AB ("ELG AB" or "the Target")
Potential Reverse Takeover and Temporary Suspension of Listing
... The consideration for the Acquisition, if it is concluded, ("the Price") will be settled by the issue of new ordinary shares of Rockpool, valuing each ordinary share at 10p per share (compared with a mid-market price of 2.85p at close on Tuesday 17th December 2024). The Price will be agreed by Rockpool and the sellers in light of the valuation at which the Company's brokers anticipate being able to procure investors to subscribe for new ordinary shares in the Placing as well as the price at which the Target raises funds in the Pre-RTO Fundraising. ..."
So a 10p/share RTO valuation for current ROC shares.
Compared to a current ROC share price (suspended) of 2.85p, market cap. £362,663 (12,725,003 shares in issue).
But an increase 'on paper' of over 4.4 times my 2.25p tip price here ... barely a week ago. |
Anyone kicking themselves at missing out on ARA could do worse than to take a look at ROC.
Currently 2.25p, market cap. £286K., about half its likely cash after £452.5K. incoming cash due within a week.
"Rockpool Acquisitions (ROC)" |
True, but only £1M. absolutely has to be raised through equity, which for directors of this calibre, and with their contacts, should be no problem.
The rest could potentially be through some combination of debt and grants.
And unlike some other shells, ARA have been thoroughly 'testing the investment market' ahead of any deal, to see in advance what investors will fund.
The valuations and business prospects here look credible enough to get this over the line. |
Don’t get too excited Hedgehog ZCT have to raise £10m and in these markets ! |
"Valuation: ZCT's pre-money valuation is required to be a minimum of £30 Million. The pre-money value of ARA will be calculated as 10% of the pre-money value of the merged group, excluding the proceeds of the proposed Capital Raise and the Target Financing, such that ARA shareholders will hold 10.0% on an undiluted basis of the shares in ARA immediately after completion of the Proposed Acquisition, excluding those issued to investors under the proposed Target Financing and Capital Raise."
So a £3M. valuation for current ARA shares, with 10,500,000 shares currently in issue, equates to a valuation of 28.57p per ARA share.
Compared to a current ARA share price (suspended) of 4.25p, market cap. £446,250.
I.e. an increase 'on paper' of over 6.7 times: over 570%!
Thanks and well done to ARA's management for arranging this proposed deal, and fingers crossed that it completes.
And well done to ARA shareholders who had the patience and understanding to hold on.
I always felt that one day it would finally be 'our turn' here, and it feels sweet that it's finally come. |
09/12/2024 08:00 RNS Regulatory News Aura Renewable Acquisitions PLC Proposed Initial Transaction LSE:ARA Aura Renewable Acquisitions Plc
"Proposed Initial Transaction - acquisition of Zero Carbon Technologies Limited
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 that as of 6 December 2024, it has entered into heads of terms (the "Heads of Terms") with Zero Carbon Technologies Limited ("ZCT"), a UK incorporated company with planned battery recycling operations in Europe, which set out the key terms for ARA to acquire 100% of the issued share capital of ZCT, in consideration for the issue of ordinary shares in ARA to the shareholders of ZCT, subject to due diligence, as well as the negotiation and execution of definitive agreements (the "Proposed Acquisition", to which ARA and ZCT are the "parties"). The Heads of Terms are non-binding except with regard to confidentiality, exclusivity, costs and other customary conditions for a transaction of this nature which are binding.
About Zero Carbon Technologies Limited
The directors of Zero Carbon Technologies Limited expect that it will be an innovative leader in the battery recycling sector, dedicated to providing sustainable solutions for the recycling of Lead-Acid batteries ("LAB") and Lithium-ion batteries. Leveraging intellectual property licensed from Regenerate Technology Global and Cambridge University, ZCT plans to expand its operations into EV battery recycling. It intends to use advanced recycling technology to recover black mass containing critical materials, including copper, lithium, cobalt, manganese and nickel.
ZCT was incorporated in the UK on 26 May 2021, and has a non-binding agreement for a proposed business combination (which it is intended will be completed prior to the Proposed Acquisition) with Clean Tech Lab S.L. ("CTL") (incorporated in Spain).
ZCT is in the process of acquiring land, buildings, and equipment with a view to establishing two advanced recycling facilities in La Mancha province, Spain. The board of directors of ZCT considers that the sites will be strategically located for both logistical efficiency and regulatory advantages. ZCT will manage the operations of these planned plants, with the first facility in Puertollano intended to begin commissioning in Q1 2025, followed by a facility in Montalbo anticipated to begin commissioning in Q4 2025.
With an estimated potential combined annual processing capacity of 75,000 tonnes of LAB -equivalent to approximately 1.5 million used units - ZCT aims to recover up to 99% of the materials in these batteries, including by enhancing lead oxide, a valuable composite containing recycling minerals. This capability will be driven by proprietary technology, licensed from Regenerate and Cambridge University, which is expected to allow efficient recycling of LAB by the installation and commissioning of the plant within nine months from inception.
Background to the Proposed Acquisition
ARA was established to acquire and then act as the holding company for targeted businesses operating in the Global Renewable Energy Sector Supply Chain, particularly participants in the 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.
The Proposed Acquisition is in line with the Company's acquisition strategy.
Overview of the Proposed Acquisition
Structure: ARA will acquire 100% of ZCT's issued share capital through an all-share transaction. Post-acquisition, ZCT shareholders will hold a majority stake in ARA as enlarged. ARA will require evidence that immediately prior to the Proposed Acquisition, ZCT is the sole vehicle in which its current shareholders and any joint venture partners own their share interests in its business.
Admission: on completion of the Proposed Acquisition, ARA's resultant entire issued share capital will be admitted to the Equity shares (commercial companies) category of the Official List of the Financial Conduct Authority ("FCA") and to trading on the Main Market for listed securities of the London Stock Exchange("LSE") ("Admission").
Target Financing:
· It is proposed that ZCT will secure a minimum of £10 million of new capital at a minimum pre-money valuation of £30 Million ("Target Financing") contemporaneously with the Proposed Acquisition.
· These funds would be utilised for capital expenditure and working capital, including commissioning ZCT's two proposed facilities.
Costs:
· All agreed transaction-related costs incurred by ZCT and ARA will be paid by ZCT, provided such costs have been pre-approved by ZCT.
· The only exception is that the costs of any independent third-party reports procured during due diligence will be shared equally by ARA and ZCT.
Capital Raise:
· New capital of £1-2 million is proposed to be raised by the issue of ordinary shares in ARA contemporaneously with the Proposed Acquisition ("Capital Raise") to widen the shareholder base and to provide additional working capital.
Valuation: ZCT's pre-money valuation is required to be a minimum of £30 Million. The pre-money value of ARA will be calculated as 10% of the pre-money value of the merged group, excluding the proceeds of the proposed Capital Raise and the Target Financing, such that ARA shareholders will hold 10.0% on an undiluted basis of the shares in ARA immediately after completion of the Proposed Acquisition, excluding those issued to investors under the proposed Target Financing and Capital Raise.
Exclusivity: each of ARA and ZCT have agreed to engage exclusively with each other regarding the Proposed Acquisition and will use best efforts to mutually agree within 14 days of execution of the Heads of Terms the scope and duration of the transaction due diligence process, which is not intended to exceed 90 days from the signing of the Heads of Terms unless extended in writing by the Parties. The Heads of Terms will terminate in certain circumstances, including if the parties do not execute definitive agreements for the Proposed Acquisition within 6 months from the date they are entered into, unless extended in writing by the parties.
Completion of the Proposed Acquisition is subject to satisfaction of certain conditions, including:
· Receipt of all necessary regulatory approvals.
· Satisfactory completion of legal, financial, and commercial due diligence by both parties.
· Execution of a legally binding sale and purchase agreement.
· Admission taking place.
· Successful raising of equity funds as described above.
· Approval of the transaction by the boards of directors and, as necessary, shareholders of both parties.
· No material adverse change in the business, operations, or financial condition of either party.
· The representations and warranties of both parties, as contained in the Heads of Terms and definitive transaction agreements, remaining true and correct in all material respects.
· No inquiry or investigation by any regulatory body that could materially impact the merged group after completion of the Proposed Acquisition.
· Both parties complying with all relevant regulatory requirements and being in good standing and not being in default under applicable securities laws, with no legal prohibition preventing the completion of the Proposed Acquisition.
· Lock-up: Insiders of ARA and ZCT, including directors, officers, and key shareholders, entering into lock-up agreements, in a form agreed upon by both parties. These agreements will require the lock-up of shares for a period to be agreed following the re-admission to listing of ARA.
· The Directors of ARA, acting reasonably, determining that ZCT has a pre-money valuation (before the signing of definitive agreements and any equity fundraising) of at least £30 Million.
ARA anticipates publishing a prospectus approved by the FCA, detailing the Company, ZCT and the Proposed Acquisition at a date to be confirmed.
Suspension of Listing
Should the Proposed Acquisition complete, it would constitute an Initial Transaction under the UK Listing Rules, and accordingly ARA would apply for the admission of its shares to the Equity shares (commercial companies) category of the Official List of the FCA and to trading on the Main Market for listed securities of the LSE. Therefore, at the request of ARA, the FCA has suspended the Company's listing on the Equity shares (shell companies) category of the Official List, and trading on the Main Market of the LSE has also been suspended, as of 7.30am today, pending the publication of a prospectus providing further detail on ZCT and ARA as enlarged by the Proposed Acquisition, or an announcement that the Acquisition is not proceeding. Should the Proposed Acquisition not proceed, then ARA would need to apply for the suspension to be lifted and for trading to be restored.
There can be no certainty that the Proposed Acquisition will take place, and it remains subject to, amongst other things, formal terms being agreed and the completion of legal and financial due diligence.
A further announcement will be made in due course.
John Croft, Chairman of ARA said: "We are delighted to be working with the team from ZCT with the aim of bringing this exciting business with a dynamic growth story to the public market. We have considered a number of potential acquisitions during ARA's life as a listed company and have been very cautious in our selection criteria, which has resulted in us taking longer than we originally anticipated in identifying a suitable target. ZCT has excellent synergy with our stated objective of identifying a transformational business that can create a meaningful contribution in the renewable energy space."
Chris Farnworth, CEO of ZCT said: "We are excited to announce our proposed acquisition by Aura Renewable Acquisitions Plc, which would mark a significant milestone in ZCT's journey to contribute to the global transition to a circular economy in battery recycling. This acquisition would enable us to accelerate the deployment of our state-of-the-art battery recycling technologies and expand into the rapidly growing electric vehicle (EV) battery sector. We believe we are well positioned to make a meaningful contribution to the sustainability of the energy transition while creating substantial value for our shareholders. We look forward to working closely with ARA as we proceed with the necessary steps to finalize the transaction, and to unlocking the full potential of our innovative solutions to recover critical materials from lead-acid and lithium-ion batteries."
- Ends -
Contact Information
Aura Renewable Acquisitions Plc
John Croft, Chairman: +44 77 8531 5588" |
14/10/2024 16:20 RNS Regulatory News Aura Renewable Acquisitions PLC Director Declaration LSE:ARA Aura Renewable Acquisitions Plc
"Aura Renewable Acquisitions plc confirms that Robin Stevens, Non-Executive Director, has advised that he has been appointed as a Non-Executive Director of Fairview International Plc (LSE: FIL).
This announcement is made in accordance with Listing Rule 9.6.14.
Enquires:
Aura Renewable Acquisitions Plc
John Croft (Non-Executive Chairman) 07785 315588
Robin Stevens (Non-Executive Director) 07787 112059
Note;
Aura was established to acquire and then act as the holding company for targeted businesses operating in the Global Renewable Energy Sector Supply Chain, particularly participants in the 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. The Company's website is "
FIL was a new IPO four days ago:-
11/10/2024 07:00 RNS Regulatory News Fairview International PLC Admission and First Day of Dealings LSE:FIL Fairview International Plc
"Admission to Trading on the LSE and First Day of Dealings
Fairview, the operator of international schools following the International Baccalaureate curriculum, is pleased to announce the admission of the Company's entire issued share capital to the Equity Shares (Transition) Category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities. Dealings in the Company's ordinary shares will commence at 08:00 GMT today under the symbol "FIL".
The Company has carried out a placing and subscription of 26,500,000 ordinary shares at an issue price of 10 pence to raise £2.65 million before expenses. On Admission, the Company will have 556,000,000 ordinary shares in issue with a market capitalisation of the Company of £55.6 million (at the issue price). The ISIN number is GB00BR83RJ78 and the SEDOL is BR83RJ7.
The Company's prospectus was published on 4 October 2024 and is available to view on its website at: subject to certain access restrictions.
Daniel Chian, Chairman of Fairview, said: "We are pleased to announce our successful fundraising and admission of our shares to the Main Market. We hope the conclusion of our IPO is the beginning of the next chapter in our expansion as we seek further opportunities to grow the Fairview network of schools in Asia and the UK. According to the Asian Development Bank, the middle class in Asia will number 3.5 billion and account for over 65 per cent. of the global middle-class population by 2030. The IB curriculum's emphasis on critical thinking, global citizenship and multilingualism aligns closely with the values and aspirations of many Asian families. I believe that Fairview is well placed to serve this rapidly growing marketplace and I look forward to updating investors on our progress." ..." |
2 years of nothing but they have done the decent thing of not drawing salaries until they line up a deal, while maintaining very frugal spending.
I think it's a pretty naff space they're looking for, but find enough green grants and a 'story' green tech and it could be a decent punt for original ARA holders. |
06/09/2024 07:00 RNS Regulatory News Aura Renewable Acquisitions PLC Half-year Report LSE:ARA Aura Renewable Acquisitions Plc
"Interim Results for the six months ended 30 June 2024
6 September 2024 - 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, announces its interim results for the six months ended 30 June 2024.
Highlights
• Minimal overheads resulted in a loss before and after tax of £61,140, EPS 0.6p (loss) (2023: £69,598 and 0.7p (loss).
• Cash resources of £590.000 at 30 June 2024 (2023: £661,000).
• Targeting acquisitions operating in the Global Renewable Energy Sector Supply Chain.
• Experienced board with extremely strong sector experience and a clear expansion strategy.
• Good visibility towards potential targets through wide international network.
• Flexible post transaction market strategy depending on size, structure, location and tax status.
• Best practice ESG policies will be put in place to support and encourage sustainability across our business.
John Croft, the Chairman of Aura commented:
"Aura was established to identify and acquire businesses operating in the renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors.
"The Company raised £1,050,000 when it joined the Standard Segment of the Main Market of the London Stock Exchange in April 2022, and since the IPO the business continues to incur minimal overheads pending identification of a suitable acquisition target. This is reflected in our net loss before taxation for the six-month period of £61,928 (2023: £69,598 (loss)), and that at 30 June 2024, we had retained cash and bank resources of £589,531.
"The board continues to identify and assess acquisition and investment opportunities in the UK and overseas, which could offer the quality and scalability required to achieve significant shareholder growth. We also continue to engage with the board's extensive business network and introducer base to promote the Company expansion strategy.
"Economic and political uncertainty has helpfully reduced during the year to date, as has inflation, and interest rates are beginning to edge down. While capital market and new issues activity has been generally depressed since November 2021, there have been signs of more corporate activity, particularly at the smaller end of the market during 2024, and M&A is more buoyant. The now widespread acceptance and understanding of the danger of global warming on populations, habitats and landscapes continues to underpin our business strategy and economic rationale. Fortunately, there is a growing willingness by national governments to focus on sustainable renewable energy.
"With the stated intention to make Britain a clean energy superpower, the new Labour Government in the UK has committed to work with the private sector to double onshore wind, triple solar power and quadruple offshore wind by 2030. This commitment is made with the intention of making the UK more energy secure, protect consumers from price fluctuations in fossil fuels, and help drive investment in jobs and businesses in the renewable energy sector, while seeking to achieve medium- and longer-term carbon reduction targets.
"Support for renewable energy remains positive across the UK economy. Investment in the major, continued restructuring of Britain's electricity grid to facilitate the transition to renewable energy remains on track. Our conversations underline sustained support by the institutional investment community for the energy transition and this is consistent with media reporting. Installation of both solar PV and heat pumps in UK homes are at record highs. The UK remains a vibrant market for innovation in low-carbon technologies. While there is some public and media pushback on the Net Zero agenda, not least due to higher energy prices, we believe this is taking place in the normal political discourse, while the underlying drivers for change are as strong as ever.
"We have been cautious in our targeted and considered approach to our first acquisition, particularly during a time when the ability to raise finance on capital markets has been severely restricted by investor caution and economic uncertainty. We have sought to identify a transformational target that can create a meaningful contribution in the renewable energy space, and this remains our intention. The renewable energy sector will offer exciting opportunities for acquisitive and organic growth as capital markets recover, and we are committed to ensure that the Company and its stakeholders will share in these opportunities."
Enquiries
Aura Renewable Acquisitions Plc
John Croft (Non-Exec Chairman) 07785315588
Robin Stevens (Non-Exec Director) 07787112059
Media enquiries
Allerton Communications
Peter Curtain 020 3633 1730
aurarenewables@allertoncomms.co.uk
Notes to Editors
Aura was established to acquire and then act as the holding company for targeted businesses operating in the Global Renewable Energy Sector Supply Chain, particularly participants in the 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. As a consequence of the new UK Listing Rules introduced by the Financial Conduct Authority, which came into force on 29 July 2024, the Company has automatically been included in the shell companies' category of the Official List." |
2 years of nothing |
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.uk/#/nsm/nationalstoragemechanism.
- 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://aurarenewables.com/. " |
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.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
aurarenewables@allertoncomms.co.uk " |
"United Nations
International Day of Zero Waste
30 March
Addressing the waste crisis
Humanity’s unsustainable production and consumption practices are driving the planet towards destruction.
Households, small businesses and public service providers generate between 2.1 billion and 2.3 billion tons of municipal solid waste every year – from packaging and electronics to plastics and food. However, global waste management services are ill-equipped to handle this, with 2.7 billion people lacking access to solid waste collection and only 61–62 per cent of municipal solid waste being managed in controlled facilities. Humanity must act urgently to address the waste crisis.
The second annual International Day of Zero Waste highlights both the critical need to bolster waste management globally and the importance of sustainable production and consumption practices. It celebrates zero-waste initiatives at all levels, which contribute to the advancement of the 2030 Agenda for Sustainable Development.
Bolstering waste management and upstream solutions
Improving collection, recycling and other forms of sound waste management remain an urgent priority.
But to solve the waste crisis, humanity must treat waste as a resource. This entails reducing waste generation and following the lifecycle approach. Resources should be reused or recovered as much as possible, and products should be designed to be durable and require fewer and low-impact materials. Upstream solutions like these can minimize pollution of air, land, and water and decrease the extraction of precious and limited natural resources.
Achieving zero-waste societies requires action at all levels from all stakeholders.
Consumers can change consumption habits and reuse and repair products as much as possible before properly disposing of them. Governments, communities, industries and other stakeholders must improve financing and policymaking, especially as the waste crisis disproportionately impacts the marginalized, urban poor, women and youth. ..."
"Only after the last tree has been cut down.
Only after the last river has been poisoned.
Only after the last fish has been caught.
Only then will you find that money cannot be eaten."
Cree prophecy
On International Day of Zero Waste 2024, it's worth reflecting on the huge investment implications of the move towards net zero.
From Hargreaves Lansdown "Investment Times", Issue 157 - winter 2023-2024:-
"The mega-trends driving 2024 and beyond"
"Transition to net zero
Net zero is going to drive a lot of investment. Whether we reach it or not, there's enough legislation in place already in major economies to ensure that a lot of things are going to change.
Power generation is decarbonising, which means new grids must be built. Total generation capacity needs to rise to allow electricity to replace fossil fuels from transport systems.
We'll need vast amounts of minerals and metals to enable electrification. There are legitimate questions as to whether this is physically possible with the resources we currently have. And battery technology needs to make some huge leaps before it can enable renewables to truly fulfil the central role they must play in a decarbonised economy.
Every industrial process, every day-to-day activity will need to be re-engineered to reduce energy intensity and material consumption to even get close to net zero.
These are huge challenges, but present huge opportunities.
As carbon intensity falls, efficiencies will rise, which has never been a bad thing for business. Of course, there will be losers along the way. Carbon pricing will punish the inefficient and create competitive advantage for the best of breed players in every sector.
Insulating portfolios from carbon pricing is a core challenge for funds. Our focus on capital-light, IP and technology-rich businesses in the HL Select portfolios means they have below average carbon intensity, which should stand us in good stead".
[N.B. The H.L. article identified just three mega-trends, with net zero being the first. The other two were artificial intelligence (AI) and more technology on the road.] |
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. |
It looks like a cracking deal Hedgehog |
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