I(x) Net Zero Share Discussion Threads

[lazygun] 15/5/2023 22:29

Nzi also an interesting one. Picked a good business for an RTO last year, only to be scuppered at the 11th hour because of the markets being spooked…

Word has it that NZI have some other options being worked through at the moment though….

L

[hedgehog 100] 29/4/2023 19:15

Lazygun,

Since IX. floated on 9th. February last year, there has been a general massive re-rating downwards of loss-making and green energy companies, of the sort that constitute IX.'s portfolio.

But re-ratings can overshoot (on both the downside and the upside), and IX.'s portfolio looks to have more substance to it that most.
Certainly IX's.'s CFO seems confident judging from his large buy this week, though it was at 8.5p/share, under half of IX.'s current share price of 18p.

So I wouldn't currently chase the shares at this price, but the green energy sector should still have a lot of potential going forward.

Better value at the moment is probably ARA (Aura Renewable Acquisitions), which looks to be one of the best value shells I have ever seen: trading at a large discount to cash (of about a third), despite minimal cashburn, and exciting near term deal prospects.

And of course as a company looking to acquire a green energy company (in a RTO), it actually benefits from the reset downwards in prices, as it will get 'more bang for its buck', and also benefit from the worsened IPO climate, which promotes the RTO route for floats.

Though paradoxically, ARA's share price has gone down as well, when it should really have been going up!

Aura Renewable Acquisitions (ARA) 5p Market cap. £525k. Cash c. £800K.

[lazygun] 29/4/2023 18:14

anyone know why the drop from the 50's/60's to 10p area?

L

[kemche] 10/3/2023 14:27

£62m to £9m in a year.

Hmmm......

[hedgehog 100] 09/2/2022 17:14

"London Stock Exchange Welcomes i (x) Net Zero to AIM

Posted: 09 February 2022

Today, the London Stock Exchange welcomes i(x) Net Zero PLC ("i(x) Net Zero” or the “Company”), an investment company focused on Energy Transition and Sustainability in the Built Environment, to AIM after it raised £10.7 million (the “Fundraising”).

The i(x) Net Zero business model is to accelerate the growth of its investee companies through the investment of catalytic capital and proactive engagement. This includes leveraging the management team’s long and broad experience in financial markets to help maximise impact through scale.

Central to i(x) Net Zero’s success is its belief that some of the world’s biggest problems present significant market opportunities. The Company’s purpose is to provide shareholders with the opportunity to create long-term capital growth with a positive impact on the environment and the communities it serves. This is combined with a core belief of democratising opportunities and ensuring that more investors, big and small, can make their own contribution.

Founded by Trevor Neilson, Pär Lindström and Howard W. Buffett, the Company was designed to use a multi-strategy investment approach to produce institutional quality returns and achieve measurable, scalable impact. To date, the Company has invested in six companies, three of which are committed to facilitating and accelerating energy transition and the other three committed to building sustainable and affordable housing.

Steve Oyer, Chief Executive Officer of i(x) Net Zero, commented:

“We are delighted to be listing in London today. Admission to AIM is the next step in i(x) Net Zero’s development. The level of investor interest in i(x) Net Zero has been extremely encouraging and has reinforced our belief that the UK will continue at the centre of the impact investing universe.

The Company’s goal is to produce quality returns through long-term capital growth with positive, scalable and sustainable impact. Its focus will be to invest this catalytic capital into companies working towards overcoming humanity’s biggest challenges such as climate change.”

The Fundraising was conducted by H&P Advisory as financial adviser and joint broker and Shore Capital as nominated adviser and joint broker."

[daicaprice] 09/2/2022 14:07

I nearly subscribed through Pello, looks very interesting and I will certainly be keeping a close eye for any dips long term.

DC

[denboyz1] 09/2/2022 14:00

I managed to get over a 1000 of these shares via Primary Bid ?

Not sure I understand what they do though.

[hedgehog 100] 09/2/2022 11:11

Current share price 9th. February 2022: 78.5p
Market capitalisation: £62.0596M.


"Investing for a carbon neutral future"



09/02/2022 07:00 UK Regulatory (RNS & others) i(x) Net Zero PLC Admission to AIM & First Day of Dealings LSE:IX. I(x) Net Zero Plc

"Admission to Trading on AIM & First Day of Dealings

i(x) Net Zero PLC, the investing company which focuses on Energy Transition and Sustainability in the Built Environment, announces that admission to trading on AIM ("Admission") will take place and dealings will commence at 8.00 a.m. today under the ticker "IX.".

The number of ordinary shares in issue immediately following Admission will be 79,056,811, giving the Company a market capitalisation of approximately GBP60.1 million at the issue price of 76 pence per share (the "Placing Price").

The Admission Document is available at: hxxps://ixnetzero.com/ .
Summary and Highlights

-- Successful Placing, Subscription and PrimaryBid offer (together the "Fundraising") raised proceeds of approximately GBP10.7 million before expenses through the issue of 14,056,811 new ordinary shares with institutional and other investors at the Placing Price ("New Ordinary Shares").

-- The New Ordinary Shares represent approximately 17.8 per cent. of the Company's enlarged share capital immediately following Admission.

-- The Company intends to use the net proceeds raised in the Fundraising to provide development and expansion capital to certain of its investee companies, for future investments in companies that fall primarily within its areas of interest in Energy Transition and Sustainability in the Built Environment and to provide working capital for the Company.

-- i(x) Net Zero is supported by a strong management team with broad and deep experience in the finance industry, including in private equity, venture capital, growth capital, real estate, capital markets, advisory and project development, risk management, asset management and alternative investments.

Strategy

The Company's approach to the investments it makes is to be actively engaged in creating, building and developing the businesses of its investee companies within its two core areas of focus: Energy Transition and Sustainability in the Built Environment. The Company's strategy can be summarised as follows:

-- Deploy capital within its areas of interest that enables investee companies to build scale;

-- Source deal flow from, amongst other sources, the significant family offices that are its shareholders and co-investors, with many of which the Company has long-standing relationships;

-- Provide its expertise to help build and develop its investee companies;

-- Invest for the long term; the Company does not have a fixed time horizon for any of its investments;

-- Source additional capital from its shareholders and other investors to co-invest alongside the Company, thereby aligning their interests with the Company's and building enterprise value for its shareholders in the process.

Business Model

The key elements of the Company's business model include:

-- Leverage its management team's long and broad experience in the financial markets, both generally and within the Company's core areas of focus in particular;

-- Accelerate the growth of its investee companies through investment of catalytic capital and the proactive engagement by the Company and its shareholders;

-- Access intentional capital globally to maximise impact through scale;

-- Acquire equity stakes in its investee companies appropriate for the capital invested and negotiate opportunities to earn additional equity from in-depth participation in their development and the achievement of meaningful and well-defined key milestones and metrics;

-- Evaluate and implement sustainable business strategies in its investee companies within its core areas of focus;

-- Seek to develop, implement and monitor impact measurement with its investee companies to provide transparency not just to the targeted financial returns from their investments, but also the impact results;

-- Adopt flexible time horizons to benefit from opportunities by investing in both near-term opportunities and the full growth cycle of its assets.

Steve Oyer, Chief Executive Officer of the Company, said:

"We are delighted with the level of interest and support generated ahead of the Company's admission to trading on AIM. The additional funds raised will allow the Company to further exploit the significant market opportunity to deploy capital that has the power to improve the sustainability of our planet and the communities in which we live.

"Admission to AIM marks the next step in i(x) Net Zero's development and provides us access to the London market which is at the centre of the impact investing universe. We are an agile and ambitious business built to accelerate the growth of investee companies and provide investment to sectors solving the world's most pressing issues with the ultimate goal of creating a carbon-neutral future - some of the world's biggest problems present significant market opportunities." ..."

[currypasty] 12/4/2006 10:06

whoops, got ticker wrong, please ignore thread