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ARA Aura Renewable Acquisitions Plc

4.25
-0.25 (-5.56%)
04 Oct 2024 - Closed
Delayed by 15 minutes
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
  -0.25 -5.56% 4.25 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.50 5.00 4.25 4.25 4.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec USD USD -153k USD -0.0146 -2.91 472.5k
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.25 GBX

Aura Renewable Acquisiti... (ARA) Latest News

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Date Time Title Posts
06/9/202415:39Aura Renewable Acquisitions: Small Shell, Big Ambitions192
13/4/202207:20Ardana: On the way up350
30/6/200815:55Ardana with Charts & News147

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Posted at 05/10/2024 09:20 by Aura Renewable Acquisiti... Daily Update
Aura Renewable Acquisitions Plc is listed in the Investors, Nec sector of the London Stock Exchange with ticker ARA. The last closing price for Aura Renewable Acquisiti... was 4.50p.
Aura Renewable Acquisiti... currently has 10,500,000 shares in issue. The market capitalisation of Aura Renewable Acquisiti... is £446,250.
Aura Renewable Acquisiti... has a price to earnings ratio (PE ratio) of -2.91.
This morning ARA shares opened at 4.25p
Posted at 06/9/2024 14:23 by hedgehog 100
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."
Posted at 06/3/2024 15:09 by hedgehog 100
06/03/2024 13:08 RNS Regulatory News Spiritus Mundi PLC Proposed Acquisition and Suspension of Listing LSE:SPMU Spiritus Mundi Plc

"Spiritus Mundi plc, (LSE:SPMU), the Special Purpose Acquisition Company (SPAC) seeking to acquire targets in Europe and Asia in the clinical diagnostics sector, is pleased to announce that it has entered into a heads of terms (the "Head of Terms") to acquire the entire issued share capital of InReste Pte. Ltd. ("InReste") (the "Proposed Acquisition"). The Proposed Acquisition would constitute a reverse takeover under the UK Financial Conduct Authority ("FCA")'s Listing Rules.

InReste operates in the healthcare sector, offering a range of innovative technologies and solutions, including through its related companies. It is an integrated healthcare and wellness provider with an established biomedical research and development arm that holds exclusive patents over a number of clinical diagnostic tests. InReste is currently in the process of undertaking a corporate reorganisation such that, prior to entering into the Proposed Acquisition, it will own the entire issued share capital of Restalyst Pte. Ltd. ("Restalyst") and Reste Laboratories Pte. Ltd. ("ResteLab") (the "Restructuring"). ResteLab operates a 20,000 square foot state-of-the-art laboratory in central Singapore, offering a comprehensive selection of testing, screening and laboratory services to clinicians and healthcare professionals. It is automated to process laboratory tests quickly, turning around up to 10,000 tests daily. These services are complemented by Restalyst, which is an innovative biomedical company that develops, manufactures and markets a range of diagnostic solutions. It provides clinically-proven diagnostic solutions, including a number of patented solutions, to the medical and healthcare industry including detection kits for gastric cancer, nasopharyngeal (nose) cancer and liver cancer.

Zaccheus Peh, the Company's Non-Executive Chairman, is a controlling shareholder of InReste and is expected to hold a controlling interest in InReste following completion of the Restructuring. ..."




SPMU has been suspended today at a share price of 3.75p, market cap. £2.22M.

And as at 30 September 2023 the Company held £498,626 in cash.

I.e. a market cap. at suspension of nearly four times more than ARA's (at 5.75p), despite having far less cash than ARA.
Posted at 22/1/2024 10:27 by hedgehog 100
TMOR, a similar shell to ARA, has today announced a placing at a 100% premium to its pre-existing share price of 0.5p:-

22/01/2024 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Placing at 1p per share and Board Changes LSE:TMOR More Acquisitions Plc

"The Directors of More Acquisitions Plc (LSE: TMOR) are delighted to announce a placing as well as board changes designed to facilitate the Company's next phase of growth.

Highlights

-- Appointment of two highly experienced company directors to the TMOR board. Neil Sinclair will move to Executive Chairman and Stanley Davis as non-executive director.

-- Fundraising of GBP312,240 through the issue of 31,224,000 new ordinary shares of GBP0.01 each at a price of 1p per share ("Placing Shares") with 2 free attaching warrants for every 1 Placing Share issued exercisable at 1.5p (exercisable at any time during the 60-month period from 4 March 2022). These options are on identical terms to those granted to investors at the time of the Company's IPO.

-- Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately.

Rod McIllree, Executive Director of More Acquisitions plc, said:

"Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps."

Board Restructuring

The Company is pleased to announce the appointment of Neil Sinclair as the Company's new Executive Chairman, and Stanley Davis as a Non-executive Director to the Board.

Neil Sinclair - Executive Chairman

Neil Sinclair has over 60 years' experience in the real estate sector. He was a co-founder of Sinclair Goldsmith, Chartered Surveyors, which was admitted to the Official List in 1987. It subsequently merged with Conrad Ritblat in 1993, when he became Executive Deputy Chairman. Neil was appointed Chairman of Baker Lorenz, surveyors in 1999, which was sold to Hercules Property Services plc in 2001. He was appointed a non-executive director of Tops Estates plc in 2003 and remained so until it was sold to Land Securities plc in 2005. He co-founded Palace Capital plc with Stanley Davis in July 2010 and helped build a GBP280m property portfolio. He served as Chief Executive Officer until June 2022. ...

Stanley Davis - Non-Executive Director

Stanley Davis is a successful entrepreneur who has been involved in the City of London since 1977. He founded a company registration agent, Stanley Davis Company Services Limited, which he sold in 1988. In 1990 he became Chief Executive of a small share registration company which became known as IRG plc. It acquired several businesses including Barclays Bank Registrars and was sold in April 2000 for a substantial sum to the Capita Group plc. He was Chairman of Stanley Davis Group Limited specialising in company formations, property & company searches. It was sold in June 2020 to Dye & Durham listed on the Toronto Stock Exchange. He co-founded Palace Capital plc with Neil Sinclair in July 2010 and helped build a GBP280m property portfolio. He served as Chairman until December 2021. ..."




This further shows the intrinsic undervaluation of a main-listed shell trading at sub-cash, like ARA.
Posted at 11/1/2024 14:23 by hedgehog 100
The shell BWN suspended for a RTO just before Christmas, with the RTO being priced at a significant premium to BWN's s.p., and at multiples of BWN's IPO float price and cash:-

22/12/2023 07:41 UK Regulatory (RNS & others) Bowen Fintech PLC Proposed Acquisition and Suspension of Trading LSE:BWN Bowen Fintech Plc

"Proposed Acquisition and Temporary Suspension of Trading in the Company's Ordinary Shares

Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations sector with a focus on the financial services industry, is pleased to announce that it has signed conditional, non-legally binding heads of terms to acquire 93.49 per cent of the issued share capital of MINNADEOOYASAN-HANBAI Co., Ltd ("MOH") ("Acquisition").

About MOH

MOH is a leading crowdfunding services platform in Japan and solution provider for investors seeking returns from investment into real estate. ...

MOH is profitable, reporting EBITDA of JPY 519 million (c. GBP3.2 million) on revenues of JPY 5.6 billion (c. GBP34.3 million) in the year to 31 March 2023. In the six-month period to 30 September 2023, MOH management accounts reported (unaudited) EBITDA of JPY 2.1 billion (c. GBP11.6 million) on revenues of JPY 4.9 billion (c. GBP27.8 million). Unaudited net assets as at 30 September 2023 were JPY 4.8 billion (c. GBP26.4 million).

The directors of MOH are of the opinion that a listing by way of a reverse takeover of Bowen by MOH (the "Enlarged Group") will enhance its brand and profile in Japan and internationally, enable access to additional real estate portfolios internationally, thus diversifying risk, and access to fresh equity capital in the future to accelerate its growth strategy, particularly in the area of technology-related real estate.

The listing will also support MOH in attracting and retaining senior professionals both locally in Japan and internationally. Following the Acquisition, it is the intention of the Enlarged Group to grow its presence in the UK.

The Acquisition

The Company has entered into conditional, non-legally binding heads of terms with MOH and KBC to acquire 93.49 per cent of the issued share capital of MOH from KBC for a consideration of approximately GBP34.47 million to be satisfied through the issue of new ordinary shares of 1p each in the Company ("Ordinary Shares"), at a price of 15p per new Ordinary Share (the "Offer Price"). The Offer Price represents a premium of 25 per cent to the closing middle market price of 12 p per Ordinary Share on 21 December 2023, being the closing middle market price the day prior to the release of this announcement. ...

It is currently anticipated by the directors of Bowen that on re-admission the market capitalisation of the Enlarged Group would be approximately GBP42.72 million, based on the Offer Price, with KBC holding approximately 80.7 per cent of the issued share capital of the Enlarged Group and existing Bowen shareholders holding approximately 19.3 per cent of the issued share capital of the Enlarged Group.

Subject to review of the Enlarged Group's working capital, it is not intended that new capital will be raised as part of the Acquisition and re-admission. ..."




BWN floated on 31.10.22 at 4p per share, and a market cap. of £2.2M.:-

31/10/2022 07:00 UK Regulatory (RNS & others) Bowen Fintech PLC Admission to Trading and First Day of Dealings LSE:BWN Bowen Fintech Plc
" ... The Company has successfully raised gross proceeds of GBP2 million (before expenses) through a placing of new Ordinary Shares at a placing price of 4 pence per share. Following Admission, the Company will have 55,000,000 Ordinary Shares in issue. ..."



So its planned RTO is being priced at 3.75 times its IPO price: which for ARA would equate to a planned RTO at 37.5p/share.


Bowen Fintech (BWN):-
Posted at 03/1/2024 19:09 by hedgehog 100
Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
03-Jan-24 16:18:38 5.01 9,148 Sell* 5.00 6.00 458.31 O
03-Jan-24 11:17:03 5.90 20,170 Buy* 5.00 6.00 1,190 O
03-Jan-24 10:58:09 5.90 16,797 Buy* 4.50 6.00 991.02 O


A good start to 2024 for the ARA s.p., rising 0.25p (4.8%) to 5.5p (5p-6p), on a couple of decent buys.

ARA should be issuing a post year end operational update soon, as in 2023, and any indication of a RTO deal being close could potentially give quite a boost to the share price from this current lowly level.


16/01/2023 10:26 Alliance News Alliance NewsIN BRIEF: Aura Renewable Acquisitions reviewing acquisition targets LSE:ARA Aura Renewable Acquisitions Plc
16/01/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Post Year End Operational Update LSE:ARA Aura Renewable Acquisitions Plc
Posted at 28/12/2023 14:27 by hedgehog 100
The CODX RTO price hasn't actually been set: 10p is just the nominal (or par) value of each CODX share, which shares will be issued to pay for the RTO.

Though I think it's reasonable to assume that 10p/share will be the minimum issue price, 10p being the price at which CODX raised its cash before and at its floatation, but it could be higher. CODX has had low cash burn, like ARA.

(UK companies can't actually issue shares at below their nominal/par value, albeit that value can be changed at a general meeting.)

And the CODX share price performance since its March 2022 float, at 10p/share like ARA's, has been not dissimilar to ARA's: CODX started off trading at a large premium (15p s.p.), before declining over time, to its current share price of just 5.5p, at which it has been suspended for its RTO.

Codex Acquisitions (CODX):-
Posted at 30/6/2023 18:00 by hedgehog 100
Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
30-Jun-23 15:07:43 5.90 50,000 Buy* 5.50 6.00 2,950 O
30-Jun-23 13:40:14 5.6501 50,000 Sell* 5.50 6.50 2,825 O
30-Jun-23 13:39:53 5.71 50,000 Sell* 5.50 6.50 2,855 O


And today's brief intraday ARA share price dip was again very well-bought: lasting for under an hour and a half before a buyer again pounced on the bargain, triggering a full rebound.

It's a typical pattern with shells that some people get tired of waiting for a deal, and throw in the towel close to the bottom, shortly before a RTO is unveiled.

Experienced investors can work this pattern to their advantage though, to pick up bargains shortly before news.
Posted at 29/6/2023 17:28 by hedgehog 100
Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
29-Jun-23 13:51:39 6.17 50,000 Buy* 5.50 6.50 3,085 O
29-Jun-23 13:40:56 5.90 25,000 Buy* 5.50 6.00 1,475 O
29-Jun-23 13:09:42 5.6125 50,000 Sell* 5.50 6.50 2,806 O
29-Jun-23 13:08:12 5.61 59,570 Sell* 5.50 6.50 3,342 O


Today's brief intraday ARA share price dip was very well-bought: lasting for just half an hour before a buyer pounced on the bargain, triggering a full rebound.

And time must surely now be running out to buy in ahead of RTO news here.
Posted at 16/5/2023 14:54 by hedgehog 100
From the recent video interview with ARA's Chairman John Croft:-

"... we're very hopeful, put it like that, that we can do a transaction in this year. The sectors that we're particularly interested in are in energy storage generally, but particularly in battery technologies.
... there's a huge opportunity there ... I'm very hopeful we'll do something this year.

... with the minimum capitalisation having been moved up to thirty million pounds, it means actually that that valuation of the SPAC in the context of an overall transaction is relatively small. So we're starting to see valuations for SPACS in transactions heading up, and recently there have been some in London where the SPAC has been valued at multiple times of its cash balance, and multiple times the value of its original market cap. at the time it came to the market. So we see that as being very encouraging, and a positive sign for our shareholders going forward. ..."




Remember that to complete a RTO transaction this year, you would really need to sign heads of terms in H1, to allow time for more detailed preparations, including prospectus preparation and FCA approval of.

So a deal could potentially be imminent.


And for ARA, these are the interview multiples concerned:-

2 - 3 times current cash = c. 15p - 22.5p / share
2 - 3 times IPO price = 20 - 30p / share

Compared to the current ARA share price of just 6p per share.
Posted at 30/4/2023 10:58 by hedgehog 100
This extract from the new ARA interview looks uber bullish:-

"... So we're starting to see valuations for SPACS in transactions heading up, and recently there have been some in London where the SPAC has been valued at multiple times of its cash balance, and multiple times the value of its original market cap. at the time it came to the market. So we see that as being very encouraging, and a positive sign for our shareholders going forward. ..."


For ARA, these are the multiples concerned:-

2 - 3 times current cash = c. 15p - 22.5p / share
2 - 3 times IPO price = 20 - 30p / share

Compared to the current ARA share price of just 5p per share.


The shell TMOR is a good comparator here, and earlier this month it announced a positive update on its intended RTO progress:-

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 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 ..."


17/04/2023 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Update on Proposed RTO LSE:TMOR More Acquisitions Plc
"Further to the announcement on 23 September 2022 regarding the proposed acquisition by More of Megasteel Limited ("Megasteel") (the "RTO" or the "Proposed Acquisition"), the Company is pleased to confirm that preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are now well advanced. ..."
Aura Renewable Acquisiti... share price data is direct from the London Stock Exchange

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