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Looks like a 'distressed seller' has dumped their stock at/near an all-time low.
There's been quite a lot of this 'stupid selling' this year, and the likelihood is that the seller will be even more 'distressed' soon, when ARA rebounds.
At a market cap. of just £577.5K. at 5.5p, which unlike virtually all traded shells is a discount to cash, this looks to be quite extraordinary value.
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.”"
https://total-market-solutions.com/2022/04/aura-renewable-april-2022/
At a market cap. of just £577.5K. at 5.5p, ARA's targeted market cap. could actually be a thousand times higher than its current level.
Even allowing for dilution, the scope for mega-multibagging here looks strong, whereas the current downside looks slight, trading at well below cash and with low cash-burn.
ARA has more cash that the shell company PNPL, which on Monday of this week closed at 6p, up from 1.55p on 13th. October.
PNPL currently has a market cap. of £3.4M. at 4.75p, despite having less cash than ARA's.
ARA's market cap. at 5.25p is a paltry £551,250: at a market cap. of £3.4M., like PNPL's, it would be 32.38p.
"Trader’s Café with Zak Mir: A Week In Small Caps, Saturday 12th November 2022
Abm November 12, 2022
In last week’s Week In Small Caps, I suggested that we may have reached “Peak Doom”. Therefore it was rather pleasant that Thursday saw a 1,200 rise on the Dow, one of the biggest in recent times. ...
IPOs
Getting back to the small caps though, the toughest part may not necessarily be the share prices, but the liquidity in the market. After all, for many, buying such everyday items as bread, milk and eggs, can sometimes seem more important than buying stocks. The acid test from now, apart from hoping for an end of year rally, is that the IPO market returns to form. Until this happens it is going to be tough for there to be genuine enthusiasm in the City, and of course, it will not be a party for brokers either.
Pineapple Power
One of the big risers of the week, Pineapple Power (PNPL), and perhaps one of the mysteries here is why the stock has not been flying for some months now? This is for much of 2022 we have been in a cash crunch on the London market. Therefore, it would be logical to assume that cash shells should be amongst the most sought after and valuable vehicles on the market. After all, if you can no longer raise cash for an IPO, the obvious place to look to do a deal would be to knock on the door of a cash shell like Pineapple, or hope that the cash shell knocks on your door. It may be the case that some in the market are waking up to this concept. Indeed, it could be that other SPACs, there are not that many around, may feel the benefit of this realisation.
Clean Energy
One of the plus points of Pineapple is that it is a cash shell in the clean energy space, an area we were reminded of in the wake of COP27. What was noticeable is that the event did cause something of a bounce in companies within this sector, with ITM Power (ITM), Ceres (CWR), and Hydrogen Utopia (HUI) all benefitting. Powerhouse Energy (PHE) received decent validation from Manchester University at the end of the week, something that made it one of the most followed stocks on Vox Markets. We shall presumably be able to see whether there is further momentum from COP27, via the share prices of these stocks and others related to saving the planet. ..."
https://www.share-talk.com/traders-cafe-with-zak-mir-a-week-in-small-caps-saturday-12th-november-2022/
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 s.p. looks well placed for further recovery.
Thought there were just three ARA trades today (all buys - the second trade caused the s.p. rise), this was enough to trigger two price monitoring extensions, which shows how little stock must be available:-
9th Dec 2022 4:35 pm RNS Price Monitoring Extension
https://www.lse.co.uk/rns/ARA/price-monitoring-extension-4rcedjn7b81myvx.html
9th Dec 2022 4:40 pm RNS Second Price Monitoring Extn
https://www.lse.co.uk/rns/ARA/second-price-monitoring-extn-xltohaz8hzt66wq.html
From TradingView.com:-
"AURA RENEWABLE ACQUISITIONS PLC ORD GBP0.01"
"ARA technical analysis"
"Oscillators Summary Moving Averages"
"Buy Buy Buy"
https://www.tradingview.com/symbols/LSE-ARA/technicals/