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Share Name Share Symbol Market Type Share ISIN Share Description
Aura Renewable Acquisitions Plc LSE:ARA London Ordinary Share GB00BKPH9N11 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 6.25 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.00 6.50 6.25 6.25 6.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.25 GBX

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Date Time Title Posts
02/2/202323:31Aura Renewable Acquisitions: Small Shell, Big Ambitions56
13/4/202206:20Ardana: On the way up350
30/6/200814:55Ardana with Charts & News147

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Posted at 03/2/2023 08:20 by Aura Renewable Acquisiti... Daily Update
Aura Renewable Acquisitions Plc is listed in the General Financial sector of the London Stock Exchange with ticker ARA. The last closing price for Aura Renewable Acquisiti... was 6.25p.
Aura Renewable Acquisitions Plc has a 4 week average price of 5.75p and a 12 week average price of 5p.
The 1 year high share price is 18p while the 1 year low share price is currently 5p.
There are currently 10,500,000 shares in issue and the average daily traded volume is 227,728 shares. The market capitalisation of Aura Renewable Acquisitions Plc is £656,250.
Posted at 16/1/2023 17:11 by hedgehog 100
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.

Posted at 16/1/2023 14:29 by hedgehog 100
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. ..."

HTTP://aurarenewables.com/investors/


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."

https://uk.advfn.com/stock-market/london/aura-renewable-acquisiti-ARA/share-news/Aura-Renewable-Acquisitions-PLC-Post-Year-End-Oper/89981908

Posted at 05/1/2023 16:14 by hedgehog 100
Chinahere,

The premium paid to a shell's cash for a RTO can vary enormously, and the waters can also be muddied if there is no RTO placing, because any RTO price is then in effect a 'deemed' price: a shell can RTO a target for a given share of the equity, and then 'deem' a value for the shell and the target.

Generally though, the RTO will also take account of cash spent by the shell, at least relatively recently, in pursuit of a RTO, and give a value of at least £250K. or so for the listing - though it can be multiples of that in some cases.

Remember that if the company floating is valued at hundreds of millions, then a shell value of a few £millions may be just 1% of the expanded equity, which is comparatively insignificant.

ARA's value is a combination of:-
• Its cash.
• Its listing.
• Its work and spending to date in pursuing a RTO.
• The additional value that its 'shellmeisters' can bring to the floating company.

Note that due to recent changes in listing rules, 'new' main-listed shells can only float with a £30M.+ market cap. (previous minimum only £0.7M.) ... unless they completed their FCA submission by 2.12.21, in which case they can float at the old minimum up until 2.6.23.

So the supply of very small main-listed shells like ARA will gradually dry up, increasing their scarcity value.

Posted at 04/1/2023 19:42 by hedgehog 100
Chinahere,

I wasn't aware that any shares, especially penny shares - shells or otherwise, had any "guarantees".

If you want "guarantees", then perhaps you should put your money in a building society, rather than wasting your time reading share prospectuses.

I also get the impression that you're new to shells, and know next to nothing about them. If ARA signs an intended RTO deal - which could be at any time - the shares will be suspended until the RTO deal is either finalised or aborted. So the shares wouldn't be "drifting along" as they wouldn't even be traded.

Posted at 04/1/2023 11:38 by hedgehog 100
Thanks for your input, Chinahere.

The important thing is that ARA should have enough cash to arrange an RTO this year, subject of course to identifying a suitable target, and agreeing terms, etc.
If it does, then from the current level (5.5p mid) you would expect a decent share price uplift.
If it fails this year, thereby prolonging its life as a shell, then in 2024+ it may seek to top up its coffers, but I wouldn't regard that as an immediate concern.

From the Aura Renewable Acquisitions plc prospectus, dated 5 April 2022, page 37:-

"The Directors believe that the Company’s cash at bank at Admission will enable the Company to undertake preliminary due diligence on a number of potential targets and to execute its first Acquisition. It is likely that some due diligence fees will be payable on completion of the relevant Acquisition, and the Board would expect the target in each case to carry part of this risk, but there may be certain due diligence fees which have to be incurred upfront, and whilst the Company will seek to agree abort arrangements with providers of legal, financial and technical due diligence services, these may be significant. The Board considers that the Net Proceeds should be sufficient to undertake preliminary due diligence on a number of potential transactions and to carry out substantive due diligence on at least two preferred targets. If significant costs have been incurred without an Acquisition being completed in the longer term, the Board may need to seek additional finance to carry out further due diligence or complete a transaction, but this is considered unlikely. Follow on acquisitions would be financed either from cash flow generated at the time, the issue of new Ordinary Shares or debt financing, or a combination of two or more of those.

The Directors may, at the time an Acquisition is completed, seek to raise further funds by way of equity and/or debt in order to support the then enlarged group’s increased working capital requirements."

HTTP://aurarenewables.com/Investor-Documents/Prospectus.pdf

HTTP://aurarenewables.com/investors

Posted at 09/12/2022 18:22 by hedgehog 100
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
09-Dec-22 16:15:33 5.90 60,700 Buy* 5.50 6.00 3,581 O
09-Dec-22 12:58:59 5.50 20,000 Unknown* 5.00 6.00 1,100 O
09-Dec-22 10:08:35 5.50 50,000 Buy* 5.00 5.50 2,750 O

Nice to see ARA rising 9.52% today, closing up 0.5p to 5.75p.
It was overdue, and the share price looks well placed for further recovery.

Thought there were just three ARA trades today (all buys - the second trade caused the share price rise), this was enough to trigger two price monitoring extensions, which shows how little stock must be available:-

09/12/2022 16:35 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Price Monitoring Extension LSE:ARA Aura Renewable
https://uk.advfn.com/stock-market/london/aura-renewable-acquisiti-ARA/share-news/Aura-Renewable-Acquisitions-PLC-Price-Monitoring-E/89748004

09/12/2022 16:40 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Second Price Monitoring Extn LSE:ARA Aura Renewable Acquisitions Plc
https://uk.advfn.com/stock-market/london/aura-renewable-acquisiti-ARA/share-news/Aura-Renewable-Acquisitions-PLC-Second-Price-Monit/89748021

Posted at 09/10/2022 12:50 by hedgehog 100
From the Aura Renewable Acquisitions plc prospectus, dated 5 April 2022:-

"(iii) The Company has conditionally raised gross proceeds of £1,000,000 ... Under the terms of the Placing, Placees are entitled to receive one Freely Transferable Warrant for each New Ordinary Share subscribed for at no additional cost.
..."

"*Number of Ordinary Shares subject to Warrants 12,780,000"

HTTP://aurarenewables.com/Investor-Documents/Prospectus.pdf

HTTP://aurarenewables.com/investors/

The large majority of these warrants are exercisable at a share price of 15p/share.
And the others require the market price to have exceeded 15p for some time, and for the first acquisition to have been completed.


In relation to its IPO placing price of 10p, the ARA 'warrants premium' is similar to the situation at TMOR: where the IPO placing price was 1p, and the vast majority of the warrants are 'investor warrants', exercisable at a price of 1.5p/warrant.


So TMOR's proposed RTO at a share price of 2.25p clearly brings its warrants into play.
And this will doubtless be the aim of ARA: i.e. a RTO at a good premium to 15p, to bring its own warrants into play.

Posted at 27/9/2022 16:09 by hedgehog 100
The cash shell TMOR (a similar shell to ARA) announced great RTO news on Friday, and if it hadn't been suspended pre-opening, it would probably have been top riser for the weekend: a proposed RTO at a share price of 2.25p, well over double the current share price of 0.95p:-


23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc

"Proposed Acquisition of Megasteel Limited and Suspension of Trading ...

-- Proposed Acquisition values the current issued share capital of More at GBP2.81 million (vs GBP1.19 million at closing on 22 September 2022) or over 2.3 times the Company's current net cash

Background

Megasteel (www.megasteel.co.uk ), has traded for more than 30 years in the United Kingdom, and is one of the largest stockholders and distributors of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market, from house floors to bridge beams and from railway sleepers to high rise buildings in the City of London. In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of GBP3m on turnover of GBP19.7m. ...

Nigel Roberts, CEO of Megasteel Ltd added:

"We have built Megasteel over the last 30 years to be one of the biggest suppliers in the UK of prestressing wire and strand, a product used in almost every construction project in the country, and we have been considering a listing of the business for many years. We are pleased to be working with More Acquisitions as the vehicle that will enable us to do this.

Over many years we have been able to grow our sales, generate revenues, make profits and turn those profits into cash which we have reinvested into the business to keep the cycle going. Applied over a long period of time these business methods have produced a profitable business that I am proud to have started. ...

We were attracted to More Acquisitions as our vehicle to list because we liked the simplicity and cost-effective way in which it had been set up with its 'one price for all', no advisory or broking fees, capped listing and on-going costs and no director salaries, the Company and its key stakeholders fitted very well with our views on how a business should be run!"

https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Acquisition-Megasteel-and/89129228


TMOR floated on 4th. March 2022, just a month before ARA.

Posted at 09/6/2022 16:18 by hedgehog 100
The current global supply chain challenges have highlighted the importance of supply chain management, which could create opportunities for investors, and for ARA:-

13.4.22:-
" ...Withana though says there’s not one, but several key differentiators between Aura and its peers. “We are the only global renewable energy SPAC focused on the supply chain, and I would challenge anyone to tell us there’s an analogue to us on the London market because we know that’s not true,” says Withana ..."
HTTP://total-market-solutions.com/2022/04/aura-renewable-april-2022/


Indeed, as well as ARA, today's third highest riser RGP (up 13%) is also targeting supply chain management opportunities:-

15/09/2021 14:32 UKREG Ross Group PLC Half-year Report
" ... Throughout the COVID pandemic period, the Group has continued diligently researching and exploring specific supply chain management strategic opportunities; primarily involving potential start-ups, mergers, acquisitions and/or business alliances. ... "
https://uk.advfn.com/stock-market/london/ross-RGP/share-news/Ross-Group-PLC-Half-year-Report/86058008


RGP has a market cap. of £3.96M. at its current share price of 1.7p, over three times its last published assets, despite having zero interim revenue.

And last summer its share price traded at over double that.

Indeed early last year its share price nearly quadrupled in under two months, from 1.05p to 4.1p.

Posted at 07/6/2022 16:05 by hedgehog 100
Current share price 7th. June 2022: 9.75p
10,500,000 shares in issue
Market capitalisation: £1.024M.


13.4.22:-
"Withana describes Aura as a blank slate, one that makes one or several targets to become a substantial company. He says we’re talking “about 300, half a billion or higher in terms of size and market cap” and “our ambitions are to have a well traded, well covered and liquid stock.”"
HTTP://total-market-solutions.com/2022/04/aura-renewable-april-2022/


"A Platform Focused on Global Renewable Energy

The scientific evidence of climate change, technological advancement, and increasing government support are expected to create attractive investment opportunities in the global renewable energy supply chain."

HTTP://aurarenewables.com/


08/04/2022 08:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Initial admission - Offcl Lst LSE:ARA Aura Renewable Acquisitions Plc

"Admission to listing on the Official List and to trading on the London Stock Exchange

Aura (LSE: ARA) is pleased to announce that its entire issued ordinary share capital of 10,500,000 ordinary shares of GBP0.01 each ("Ordinary Shares") has today been admitted to listing on the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc under the TIDM "ARA" ("Admission").

The Company will pursue opportunities to acquire businesses in the renewable energy sector. The Company intends to consider opportunities within the renewable energy sector focusing on businesses operating in the global renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower and green hydrogen supply chain ranging from raw materials resourcing to power generation, energy storage and recycling.

Prior to Admission, the Company had in issue 500,000 Ordinary Shares and at Admission issued a further 10,000,000 new Ordinary Shares at an issue price of 10 pence per Ordinary Share, by way of a placing of 9,000,000 Ordinary Shares and subscription of 1,000,000 Ordinary Shares, raising gross proceeds of GBP1,000,000.

Following Admission, the total number of Ordinary Shares in issue will be 10,500,000 and this number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Aura is a public limited company incorporated in England and Wales with company number 13723431. The Ordinary Shares are registered with ISIN GB00BKPH9N11, SEDOL code BKPH9N1, TIDM "ARA" and LEI 894500XA241IB9HL7147.

- Ends -

For further information please contact:

Aura Renewable Acquisitions plc
John Croft +44 (0)20 8004 8643
Shard Capital Partners LLP - Broker
and Placing Agent
Damon Heath +44 (0)207 186 9952
DMH Stallard LLP - Solicitors to the
Company
Nick Williams +44 (0)20 7822 1523"

https://uk.advfn.com/stock-market/london/aura-renewable-acquisiti-ARA/share-news/Aura-Renewable-Acquisitions-PLC-Initial-admission/87790461

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