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Started: Hedgehog100, 17 Apr 2024 11:46
Last post: Hedgehog100, 17 Apr 2024 11:46
15th Apr 2024 4:41 pm RNS Notice of AGM
"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 https://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 https://aurarenewables.com/. "
https://www.lse.co.uk/rns/ARA/notice-of-agm-xfra62u3x4zdzfk.html
Started: Hedgehog100, 8 Apr 2024 12:52
Last post: Hedgehog100, 8 Apr 2024 12:57
8th Apr 2024 7:00 am RNS Final Results
" ... - 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 SP 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 http://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 "
https://www.lse.co.uk/rns/ARA/final-results-8v6yjp6nfm3suyk.html
8th Apr 2024 7:00 am RNS Final Results
"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. ..."
https://www.lse.co.uk/rns/ARA/final-results-8v6yjp6nfm3suyk.html
Started: Hedgehog100, 30 Mar 2024 14:25
Last post: Hedgehog100, 30 Mar 2024 14:33
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.]
The quotation at the end of my previous post was a Cree prophecy.
"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. ..."
https://www.un.org/en/observances/zero-waste-day
"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."
Started: Hedgehog100, 6 Mar 2024 15:21
Last post: Hedgehog100, 6 Mar 2024 15:21
6th Mar 2024 1:08 pm RNS Proposed Acquisition and Suspension of Listing
"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. ..."
https://www.lse.co.uk/rns/SPMU/proposed-acquisition-and-suspension-of-listing-z7lgrxo5yifb2tk.html
SPMU has been suspended today at a s.p. 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.
Started: Hedgehog100, 26 Feb 2024 13:29
Last post: Hedgehog100, 26 Feb 2024 13:29
26th Feb 2024 9:45 am RNS Proposed Transformational Acquisition
"Hydrogen Utopia International PLC, a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat, is pleased to announce that heads of terms have been signed for the acquisition of the entire issued share capital of a substantial and profitable international bio-energy company involved in the production and business of biofuels and its bi-products ("Target"), with revenues in excess of EUR 365m and profits before taxes in excess of EUR 40m according to the latest unaudited consolidated accounts to 31 December 2022 ("Proposed Acquisition"). ...
The price for the Target will be approximately £500m subject to due diligence and an independent valuation and will be satisfied in part by the issue of new ordinary shares in HUI to the Target's shareholders in exchange for the entire issued share capital of the Target. ..."
https://www.lse.co.uk/rns/HUI/proposed-transformational-acquisition-new5duop8eic8r0.html
So great green energy RTO news today from HUI (Hydrogen Utopia International), which is very encouraging for ARA.
HUI is up 42.44% today (3.65p) to 12.25p, and has more than trebled from 3.375p at the start of last month, to a current market cap. of £47.23M.
Started: Hedgehog100, 27 Jan 2024 20:20
Last post: Hedgehog100, 8 Feb 2024 17:10
Crofton,
As far as I'm aware, there is no RTO deadline for ARA.
My understanding is that the following SPAC requirement doesn't apply to ARA, as it floated before the deadline for this requirement to apply:-
"A time limit of two years in which to complete an acquisition, which can be increased to three years if the shareholders agree."
Certainly I can see no reference to this deadline in either ARA's prospectus or articles of association, where such a requirement would certainly be mentioned if it existed.
Both of these documents can be viewed via ARA's website:-
https://aurarenewables.com/investors/
Note though that ARA's director are not being paid while ARA is a shell.
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. ..."
Unpaid directors have no incentive to spin things out to retain their salaries, but rather have a real incentive to get something done ASAP, as well as being of the highest level of integrity and professionalism.
And the story of Judges Capital (since renamed Judges Scientific) is a good lesson in how shells may take quite some time to make the right deal.
Judges Capital (JDG) floated as a shell in January 2003, raising £1.8M. net after costs at 95p per share, with a market cap. of £2M. at the placing price.
26 Sep 2003 07:00 AM RNS Interim Results
"Chairman's Statement
I am pleased to report for the first time to our shareholders. Your Company was floated on AIM on 7th January 2003, after raising £2m, leaving £1.8m after costs. …"
https://www.investegate.co.uk/announcement/rns/judges-scientific--jdg/interim-results-/520140
But it only made its first acquisition of a company (Fire Testing Technology) in May 2005 (with a placing at £1 per share).
Then by mid 2023 JDG had surpassed 10,000p, making it a 100-bagger. Currently 9,640p, market cap. £637.94M.
The directors of JDG had a lot of their own money invested into JDG, making them at once very incentivised and very careful.
Also, it's interesting that ARA haven't issued a post year end operational update, unlike last year (on 16th. January 2023).
This could potentially be a sign that they are in advanced stage deal negotiations, so are keeping quiet because something could be unveiled imminently.
What's the deadline on doing a deal, Hedgie? These guys were talking up their network and having something ready to reverse in, going back a year or 2 now.
26th Jan 2024 7:00 am RNS Holding(s) in Company
https://www.lse.co.uk/rns/ARA/holdings-in-company-aeelbva16jqow0q.html
So on 25th. January 2024, N. Fitzpatrick crossed the 4% holding threshold for ARA, having previously crossed the 3% threshold in July 2023.
This further shows that he's obviously a shrewd investor, not only identifying this outstanding & undervalued investment opportunity, but then also cannily accumulating on dips
Started: Hedgehog100, 22 Jan 2024 10:40
Last post: Hedgehog100, 22 Jan 2024 10:40
TMOR, a similar shell to ARA, has today announced a placing at a 100% premium to its pre-existing s.p. of 0.5p:-
22nd Jan 2024 7:00 am RNS Placing at 1p per share and Board Changes
"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 £312,240 through the issue of 31,224,000 new ordinary shares of £0.01 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. ... He co-founded Palace Capital plc with Stanley Davis in July 2010 and helped build a £280m 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. ... Palace Capital ... He served as Chairman until December 2021. ..."
https://www.lse.co.uk/rns/TMOR/placing-at-1p-per-share-and-board-changes-enaek5bxj7x278u.html
This further shows the intrinsic undervaluation of a main-listed shell trading at sub-cash, like ARA.
Started: Travelcard, 3 Jan 2024 15:29
Last post: Hedgehog100, 12 Jan 2024 11:43
"on 8th. April last year"
Amendment:-
On 8th. April 2022.
From the 19.4.23 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. ..."
https://www.proactiveinvestors.co.uk/companies/news/1012600/aura-renewable-acquisitions-very-hopeful-of-making-a-transaction-this-year-1012600.html
Swanny,
ARA had certainly hoped for something in 2023, but obviously that timeline has slipped.
But ARA issued a post year end operational update on 16th. January last year, and it should be issuing another update soon.
It's coming up to two years since ARA IPOed, on 8th. April last year, so they have had enough time, and I wouldn't think they would want to enter a third year after floating without having unveiled a RTO deal.
Anyone got any thoughts on a likely timeline here, i had hoped for 2023 but no joy?
Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
11-Jan-24 15:08:38 6.26 12,716 Buy* 5.00 6.50 796.02 O
So ARA's good start to 2024 has continued into week two: up another 0.25p (4.35%) today, to 6p (5.5p-6.5p).
Recent Share Trades for Aura Renew Acq (ARA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
05-Jan-24 14:17:38 5.80 51,398 Buy* 5.00 6.00 2,981 O
05-Jan-24 12:46:23 5.25 50,000 Sell* 5.00 6.00 2,625 O
And a good first week of 2024 for ARA is rounded off today by a further rise: up another 0.25p (4.55%) to 5.75p (5p-6.5p).
Let's hope it continues!
Started: Hedgehog100, 11 Jan 2024 14:32
Last post: Hedgehog100, 11 Jan 2024 16:40
The shell AJAX meanwhile has recently reported "the gradual recovery in UK market sentiment":-
27th Nov 2023 7:00 am RNS Half-Yearly Report and Proposed GM
"Half-Yearly Report for the 6 months to 31 August 2023
... The Company has continued to make good progress towards successfully identifying an acquisition in the natural resources sector.
Ajax has been evaluating various advanced gold and copper exploration opportunities across several jurisdictions, as well as certain metal recovery projects located in Central Asia utilizing innovative, environmentally friendly technologies capable of generating significant profitability.
We have continued, in view of our current development stage, to maximise cost control in keeping expenditure to a minimum.
It is our belief that we are now potentially not far from finding an opportunity that satisfies our development criteria, and we consider the gradual recovery in UK market sentiment to constitute an auspicious backdrop for our potential near-term progress. ..."
https://www.lse.co.uk/rns/AJAX/half-yearly-report-and-proposed-gm-m8uatqxhkgktmng.html
As at 31.8.23, AJAX had cash & cash equivalents of £818,124, which is not that much more than ARA's (£723,127 at 30.6.23); but has a market cap. of c. £2M., which is more than treble ARA's market cap.
BWN floated on 31.10.22 at 4p per share, and a market cap. of £2.2M.:-
31st Oct 2022 7:00 am RNS Admission to Trading and First Day of Dealings
" ... The Company has successfully raised gross proceeds of £2 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. ..."
https://www.lse.co.uk/rns/BWN/admission-to-trading-and-first-day-of-dealings-qlg7gauctarjylt.html
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.
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:-
22nd Dec 2023 7:41 am RNS Proposed Acquisition and Suspension of Trading
"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. £3.2 million) on revenues of JPY 5.6 billion (c. £34.3 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. £11.6 million) on revenues of JPY 4.9 billion (c. £27.8 million). Unaudited net assets as at 30 September 2023 were JPY 4.8 billion (c. £26.4 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 £34.47 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 12p 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 £42.72 million, based on the Offer Price ..."
https://www.lse.co.uk/rns/BWN/proposed-acquisition-and-suspension-of-trading-qghyi71xia4nd10.html
Started: Hedgehog100, 7 Jan 2024 13:08
Last post: Hedgehog100, 7 Jan 2024 13:24
"What’s Next for Renewable Energy? Trend Predictions for 2024
... Environmental Impact
1. Biodiversity and Ecosystem Considerations
The focus on the biodiversity and ecosystems is expected to intensify in 2024. This increased attention will likely lead to the implementation of more comprehensive environmental impact assessments and the adoption of best practices to minimize ecological disruption. Strategies may include the careful siting of renewable energy installations to avoid sensitive areas, the use of technology to mitigate impacts, and the integration of biodiversity conservation plans into project development. These efforts aim to balance the expansion of renewable energy with the preservation of natural habitats and biodiversity, ensuring sustainable and responsible energy development.
2. Carbon Footprint Reduction
The role of renewable energy in reducing the global carbon footprint is set to become increasingly significant in 2024. As nations strive to combat climate change, the adoption of renewable energy sources will be a critical factor in policy and investment decisions. The urgency is amplified by the volatility in the global energy market, influenced by economic challenges and energy supply crises. This context highlights the crucial role of renewable energy not only in reducing greenhouse gas emissions but also in providing a more stable and sustainable energy supply, aligning economic and environmental goals in the face of global challenges.
Conclusion
As we approach 2024, a landmark year for the renewable energy sector, we are witnessing emerging trends in the energy sector that are pivotal in shaping a more sustainable, energy-efficient, and environmentally conscious future. This pivotal moment marks a crucial shift towards embracing renewable energy as a core component of global energy strategies. It reflects a collective realization of the urgent need to address climate change and resource sustainability, encouraging innovative solutions and fostering a deeper commitment to preserving our planet for future generations.
BECIS is a sustainable energy solutions provider, partnering with experienced providers of Energy as a Service (EaaS) solutions. We offer a range of services, including solar energy, bioenergy, cooling, waste heat recovery, and energy analytics. Our tailored solutions help companies achieve their renewable energy goals, contributing to a cleaner and resilient energy system. Contact us today to learn more about our services."
https://be-cis.com/renewable-energy-trend-predictions/
"What’s Next for Renewable Energy? Trend Predictions for 2024
... Emerging Energy Market Dynamics
1. Developing Countries Leaping Forward
Developing countries are expected to rapidly adopt renewable energy, bypassing traditional fossil fuel infrastructures. This trend is driven by the declining costs and increasing accessibility of renewable technologies, along with growing international support for sustainable development initiatives. The adoption of renewables in these regions could significantly alter the global energy landscape, offering new opportunities for growth and innovation. Countries globally are seeking to invest in cost-effective renewable energy to address climate change, with a particular focus on reducing reliance on imported energy, especially in European countries and the US.
2. Decentralized Renewable Energy Systems
In 2024, decentralized renewable energy systems are poised to become more prevalent, especially in remote and rural areas. These systems offer a sustainable and reliable alternative to traditional grid-based energy, enhancing local resilience and reducing reliance on large infrastructure. Additionally, the demand for biofuels is expected to continue its upward trajectory, driven largely by the transportation sector. This growth is bolstered by supportive government policies in key global economies like the US, Brazil, Europe, India, and Indonesia, reflecting a broader commitment to diversifying energy sources and promoting sustainable fuel alternatives.
Consumer Trends and Awareness
1. Growing Consumer Demand
In 2024, the rise in consumer awareness and demand for renewable energy will likely be more pronounced. Driven by heightened awareness of climate change impacts and a surge in sustainable living practices. This shift is leading to more informed purchasing decisions, where eco-friendly and renewable energy options are preferred. Social media and influencer campaigns are further amplifying this trend, spreading awareness and encouraging sustainable lifestyle choices. Consequently, consumer preferences will increasingly influence market dynamics, prompting companies to adopt greener practices and technologies, and urging governments to implement more supportive policies for renewable energy.
2. Role of Digital Platforms
With the advent of smart home technologies and IoT devices, consumers will have greater control over their energy consumption. Apps and platforms that provide real-time data on energy usage, offer renewable energy alternatives, and even integrate gamification elements to encourage energy-saving behaviors are anticipated to become more popular. ... These platforms will likely evolve to include AI-driven recommendations for optimizing energy use, further promoting efficiency and sustainability. ..."
https://be-cis.com/renewable-energy-trend-predictions/
"What’s Next for Renewable Energy? Trend Predictions for 2024
... Sustainable Energy Policy Dynamics
1. Enhanced Government Support
Governments are expected to play a pivotal role in accelerating the transition to renewable energy. In 2024, we may see an increase in subsidies, tax incentives, and regulatory frameworks that are more favorable to renewable energy projects. These policies will be essential in encouraging the adoption of renewable technologies and attracting investments. China continues to lead in renewable energy, aiming to exceed its target of generating 33% of its electricity consumption from renewable sources by 2025, with significant developments in wind energy.
2. Grid Integration Initiatives
In 2024, the integration of renewable energy into existing power grids will be a key area of focus. Efforts will center on upgrading grid infrastructure to manage the variability of renewable sources effectively. This will include the implementation of advanced technologies like smart grids and distributed energy systems, which can enhance energy distribution and reliability. These initiatives are essential to ensure a stable and efficient energy system capable of handling an increased share of renewable energy, thereby facilitating a smoother transition towards a more sustainable energy future.
Renewable Energy Investment Trends
1. Corporate Investment Surge
Corporate investment in renewable energy is expected to rise significantly in 2024. More leading companies in key business sectors like food and beverage, textile, pharma, automotive, logistic are committing to renewable energy targets and investing in green energy projects as part of their sustainability strategies. This trend is driven by the growing recognition of the long-term benefits of renewable energy investments, both in terms of financial returns and corporate responsibility. The rising costs of materials, influenced by global market dynamics, could pose challenges for new renewable projects. However, the increase in the cost of fossil fuels and the need for energy security have kept renewable energy competitive in the market.
2. Expansion of Green Bonds and ESG Investments
The market for green bonds and Environmental, Social, and Governance (ESG) investments is anticipated to experience significant growth in 2024. This trend is indicative of a broader shift in the investment community towards sustainability and social responsibility. Investors are increasingly seeking opportunities that not only provide financial returns but also contribute positively to environmental and societal goals. This growing interest is likely to lead to more innovative financial products in the green bond and ESG sectors, offering diverse opportunities for investors to engage with and support sustainable initiatives worldwide. ..."
https://be-cis.com/renewable-energy-trend-predictions/
"What’s Next for Renewable Energy? Trend Predictions for 2024
As we head into 2024, the renewable energy sector is positioned at a critical and exciting juncture, characterized by emerging trends in renewable energy that bring both challenges and opportunities for innovation. Facing global issues such as climate change and dwindling natural resources, this sector emerges as a beacon of hope, offering viable solutions and showcasing a plethora of technological advancements and burgeoning investment opportunities. This blog post delves into the anticipated trends and transformative developments poised to shape the renewable energy landscape in 2024, reflecting a dynamic field that is rapidly evolving in response to the world’s pressing environmental and energy needs.
Sustainable Energy Technological Innovations
1. Green Hydrogen’s Emergence
In 2024, green hydrogen, produced from renewable sources, is expected to become increasingly vital as an energy carrier. We anticipate major advancements in electrolyzer technology, which will significantly improve the efficiency and reduce the cost of green hydrogen production. These developments are pivotal, as they will expand green hydrogen’s viability across various sectors, including industrial processes and transportation. This evolution marks an important step in diversifying renewable energy applications and highlights the potential of green hydrogen in the broader transition to sustainable energy systems.
2. Solar and Wind Energy Advancements
Solar and wind energy are poised for transformative enhancements. Bifacial solar panels that capture sunlight on both sides, and large-scale offshore wind turbines with gigawatt capacities, are just the tip of the iceberg. These advancements will allow for a more efficient capture of renewable resources, making solar and wind energy more viable and competitive with traditional energy sources. The growth of solar PV capacity is a notable trend, forecasted to surpass a terawatt of global solar power generation, accounting for a significant portion of renewable growth. Additionally, the share of offshore wind energy is expected to increase, with more countries, including Canada, the US, India, China, and the UK, expanding their offshore capabilities.
3. Breakthroughs in Energy Storage
The growth of renewable energy in 2024 will be closely tied to advancements in energy storage technologies. We’re likely to see the emergence of innovative storage solutions like solid-state batteries, which offer higher energy densities and longer lifespans compared to traditional lithium-ion batteries. Additionally, the development of gravity-based storage systems is expected to gain traction. These systems provide sustainable, long-term storage options, which are essential for managing the intermittent nature of renewable energy sources. ..."
https://be-cis.com/renewable-energy-trend-predictions/
Started: Hedgehog100, 20 Dec 2023 11:39
Last post: Hedgehog100, 28 Dec 2023 14:18
BB,
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 s.p. of just 5.5p, at which it has been suspended for its RTO.
10p acquisition price. What was SP just before? Thanks
CODX, a similar shell to ARA, has today suspended for a renewable energy RTO:-
20th Dec 2023 8:18 am RNS Acquisition
"Proposed Acquisition and Suspension of Listing
Codex Acquisitions plc (LSE: CODX) (the "Company") is pleased to announced that, on 19 December 2023, it entered into non-binding heads of terms ("HOTs") to acquire the entire issued share capital of TNE - Technologies New Energy S.A. ("TNE"), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, in consideration for an issue of new ordinary shares of nominal value 10 pence each in the capital of the Company ("Ordinary Shares") (the "Proposed Acquisition").
Background to the Proposed Acquisition
The Company was established as a 'special purpose acquisition company' with the objective of undertaking one or more acquisitions in the clean and renewable energy sector, as outlined in its prospectus published on 4 March 2022, a copy of which can be found on the Company's website at the following link: https://www.codexplc.com.
About TNE
TNE is a global provider and project developer of integrated state-of-the-art energy efficiency, energy transition and decarbonisation solutions.
TNE owns a diversified and differentiated portfolio of renewable projects in Portugal based on the energy flexibilisation, Power-to-X and Biomass-to-Liquids technologies architecture that will enable novel applications to a clean transition for the hard-to-abate sectors such as chemical industries, mobility applications and urban built environments. TNE mission is to significantly accelerate developments to drive decarbonisation efforts at scale and get a lasting and unparalleled impact on our planet.
Further details about TNE can be found on its website at the following link: https://tne.pt/.
The Proposed Acquisition is in line with the Company's acquisition strategy.
Details of HOTs
The HOTs place an initial valuation on TNE of within the range of £28-33 million, subject to adjustments and a floor valuation of no less than £28 million.
The HOTs are non-binding save principally for provisions relating to exclusivity and confidentiality.
Under the HOTs, it is the current intention of the parties that the consideration for the Proposed Acquisition shall be satisfied by the issue of new Ordinary Shares.
The HOTs include a long stop date for the entering into legally binding definitive share purchase agreement ("SPA") of 29 March 2024 (which may be varied by mutual agreement of the parties in writing). ..."
https://www.lse.co.uk/rns/CODX/acquisition-bxkzj5bvarvqwlc.html
CODX floated on 9th. March 2022, just one month before ARA.
Started: Hedgehog100, 26 Mar 2023 14:34
Last post: Hedgehog100, 15 Dec 2023 14:35
DSI is completing its RTO on Wednesday of next week, combined with a transfer from the main market to AIM, a placing of £2M., and a name change to EnergyPathways (EPP).
DSI's pre new money & pre RTO market cap. at the placing price of 4p is £1.062M.
That is over four times DSI's net current assets of £230,185 as at 31.8.23.
15th Dec 2023 10:07 am RNS Update re reverse takeover and cancellation
"Dial Square Investments Plc
(to be renamed EnergyPathways plc)
Update re Reverse Takeover of EnergyPathways plc and Cancellation of the Company's Ordinary Shares from the Official List and the Main Market and proposed admission to trading on AIM
Dial Square Investments Plc ("Dial Square" or the "Company"), a London Stock Exchange traded special purpose acquisition vehicle, is pleased to announce that it has agreed to acquire the entire issued share capital and other securities of EnergyPathways Limited ("EnergyPathways"), that was announced on 10 March 2023, with such acquisition constituting a reserve takeover (the "Acquisition"). Completion of the Acquisition is conditional on the satisfaction of various conditions, including admission of the Company's entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange ("AIM"). Accordingly, the Company intends to request that the Financial Conduct Authority ("FCA") cancels the standard listing of the ordinary shares of the Company (the "Shares") on the Official List and to request the London Stock Exchange to cancel the admission to trading of the Shares on the main market for listed securities (the "Cancellation").
As part of the reverse takeover, the Company has raised £2,000,000 through a placing and subscription of 50,000,000 Shares at a price of 4p per Share (the "Fundraising").
The Company has applied for the admission of its issued Shares (as enlarged by the Fundraising and the reverse takeover of EnergyPathways) to trading on AIM ("Admission"). Cancellation and Admission will take place simultaneously and this is expected on 20 December 2023.
On Admission the expected market capitalisation of the Company based on the placing and subscription price of 4p per share is approximately £6.32 million.
Background to EnergyPathways
EnergyPathways is an integrated energy transition company, initially targeting UK gas assets, with the aim of bringing into production, in the near-term, low emission energy solutions to assist with the UK's transition to net zero while also providing critical supply to ensure domestic energy security.
EnergyPathways holds, via its wholly-owned subsidiary EnergyPathways Irish Sea Limited, a 100 per cent. interest in block 110/4a in Seaward Licence P2490 that contains the Marram gas field (the "Marram Field"), located 30km west of mainland UK, ..."
https://www.lse.co.uk/rns/DSI/update-re-reverse-takeover-and-cancellation-eq8snxz0kmrycpi.html
ELEG wasn't the only shell that suspended for a RTO on 7th. July; MCI did as well - and under seven months after it floated.
And moreover, MCI's proposed RTO is a pivot from life sciences to lithium, saying this on its website:-
"At Medcaw we recognise the significant role that lithium plays in the global transition to sustainable energy solutions."
In addition, MCI's suspension was accompanied by a placing at 8p, a premium of 88% to its suspension price of 4.25p.
A nice fat premium indeed.
Or perhaps I should say 'a two fat ladies premium' ...
MCI's market cap. at the placing price of 8p would be £1.77M. - compared to a probable cash level of under £1M.
7th Jul 2023 4:12 pm PRN Potential acquisition of near-term Lithium production asset
https://www.lse.co.uk/rns/MCI/potential-acquisition-of-near-term-lithium-production-asset-3abtddio02ebwe2.html
Hedgehog100 Posts: 3,032 Price: 5.25 Strong Buy
RE: Dial Square Investments (DSI) Shell Proposed 'Green' RTO at Big Premium30 Mar 2023 15:17
"If ARA's post-RTO enlarged equity is under £30M., then it would no longer be eligible for the Main Market.
It would probably therefore list on AIM, and I don't see why this couldn't be via a direct transfer, with no full delisting in between. ..."
https://www.lse.co.uk/ShareChat.html?ShareTicker=ARA&share=Aura-Renew-Acq&page=2
This is what the shell ELEG seems to be proposing; ELEG floated last year, and suspended for a RTO last week:-
7th Jul 2023 8:00 am PRN Proposed RTO
"Heads of Terms signed
Proposed Reverse Takeover and Suspension of Listing
Reverse Takeover
ELEG is pleased to announce that as of 6th July 2023 it has entered into a non-binding heads of terms to acquire (through a reverse takeover subject to regulatory and shareholder approval and due diligence) all the outstanding shares in 3radical Limited ("3radical") in an all-share transaction ("Transaction").
The Transaction is in line with ELEG's strategy set out at the time of its IPO last year. On completion of the Transaction, ELEG's intention is to cancel its listing on the Standard List and seek admission of its ordinary share capital, as enlarged following completion of the Transaction, to trading on the AIM Market of the London Stock Exchange ("Admission").
The heads of terms place an initial valuation on 3radical of £3 million, subject to adjustments.
Suspension of Listing
The Transaction, once completed, would constitute a reverse takeover under the Listing Rules. As ELEG is not yet able to provide full disclosure under Listing Rule 5.6.15, it has requested from the Financial Conduct Authority, and been granted, a suspension of listing in its shares with immediate effect pending either the issue of an announcement providing further details on the Transaction, the publication of a prospectus, or an announcement that the Transaction is not proceeding. ..."
https://www.lse.co.uk/rns/ELEG/proposed-rto-nq9sjzex464lvng.html
If ARA's post-RTO enlarged equity is under £30M., then it would no longer be eligible for the Main Market.
It would probably therefore list on AIM, and I don't see why this couldn't be via a direct transfer, with no full delisting in between.
Indeed, after ARA has been listed on the Main Market for 18 months, this transfer could be fast tracked.
From Bird & Bird LLP, 17 August 2022, re transferring from the Main Market to AIM:-
"AIM Designated Market (fast track)
procedure for transfer to AIM Market
provided shares listed for at least 18
months."
https://www.twobirds.com/-/media/pdfs/capital-markets/london-stock-exchange.pdf
Next results early April. BOD need to pull their finger out. They always talk a good game at listing then disappear
Started: Hedgehog100, 3 Dec 2023 11:59
Last post: Hedgehog100, 3 Dec 2023 11:59
"UK government publishes strategy for ‘globally competitive battery supply chain’
By Cameron Murray
November 27, 2023
The UK government has published its ‘Battery Strategy’, setting out measures to facilitate the growth of a domestic battery industry to support the EV and energy storage system (ESS) sectors.
The release yesterday (26 November) comes at a time when the EU and the US press ahead with plans to support their own battery industries. Demand for batteries, mainly lithium-ion, is booming globally with the electrification of society and all three regions want to reduce their reliance on China and wider East Asia, which dominate production today.
The UK government therefore aims for the country to “have a globally competitive battery supply chain that supports economic prosperity and the net zero transition”, it said in its UK Battery Strategy paper though didn’t give any specific targets. ..."
https://www.energy-storage.news/uk-government-publishes-strategy-for-globally-competitive-battery-supply-chain/
Started: Hedgehog100, 2 Dec 2023 20:14
Last post: Hedgehog100, 2 Dec 2023 20:14
"US lays out plan at COP 28 to slash greenhouse gas methane from oil and gas
By Nichola Groom and Valerie Volcovici
December 2, 20235:56 PM GMTUpdated 2 hours ago
DUBAI, Dec 2 (Reuters) - The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change.
The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai. The United States and other nations attending the summit are expected to detail how they will achieve a 150-country pledge made two years ago to slash methane emissions by 30% from 2020 levels by 2030.
Methane tends to leak into the atmosphere undetected from drill sites, gas pipelines and other oil and gas equipment. It has more warming potential than carbon dioxide and breaks down in the atmosphere faster, so reining in methane emissions can have a more immediate impact on limiting climate change.
"These new standards will help us meet our international commitments to aggressively tackle climate change, while improving air quality for communities all across the country," U.S. Environmental Protection Agency Administrator Michael Regan told a news conference in Dubai.
Vice President Kamala Harris cited the methane regulations among several U.S. initiatives to fight global warming and said they showed the Biden administration had restored the United States as a global leader in the fight against climate change.
"Today, we are demonstrating through action how the world can and must meet this crisis," Harris she told the conference. ..."
https://www.reuters.com/sustainability/climate-energy/us-lays-out-plan-cop-28-slash-climate-super-pollutant-oil-gas-2023-12-02/
Started: Hedgehog100, 25 Nov 2023 20:44
Last post: Hedgehog100, 25 Nov 2023 20:44
The potential impact of a good RTO deal can be even more than the MII premium investment.
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.
9th Nov 2023 11:34 am RNS Proposed Placing
"Further to the announcements of 31 October 2023 in connection with the Company's acquisition of Vodafone Spain for €5.0bn, Zegona announces a proposed placing to raise gross proceeds of approximately €300 million (£261 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. ..."
https://www.lse.co.uk/rns/ZEG/proposed-placing-whegwcj4uw7lm6n.html
From the 19.4.23 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. ..."
https://www.proactiveinvestors.co.uk/companies/news/1012600/aura-renewable-acquisitions-very-hopeful-of-making-a-transaction-this-year-1012600.html
Started: Hedgehog100, 25 Nov 2023 17:58
Last post: Hedgehog100, 25 Nov 2023 17:58
MII's news and rise a few weeks ago shows the intrinsic undervaluation of a main-listed shell trading at sub-cash, like ARA.
Especially with the 'tap now turned off' for the supply of new micro-cap main-listed shells: since early June this year,'new' shells have been banned from floating on the main market with a sub £30M. market cap. (previous minimum only £0.7M.).
So whereas previously the 31.10.23 MII investors could have sought to back a similar new shell at float, now such investors have to look to what's already listed. Which will gradually diminish in supply.
On 31.10.23, MII closed up 48.3%, rising 0.35p to 1.075p (1p - 1.15p). And this is even before any RTO deal.
31st Oct 2023 7:00 am RNS Board Changes, Share Purchases and PDMR Dealings
"Board Changes, On-Market Share Purchases and PDMR Dealings
HIGHLIGHTS
• Approximately £455,000 of existing shares purchased at 1.25p per share price by a range of new investors.
• 78.5% premium to the mid-market price at 30 October 2023
• 25% premium to October 2022 IPO issue price
• New Directors appointed with exceptional track records in the international oil and gas sector.
BACKGROUND
Milton Capital Plc is pleased to announce that certain other investors (the "Buyers") have agreed, via Peterhouse Capital, to acquire 36,400,000 existing ordinary shares through on- market purchases, at 1.25 pence per share, from a group of existing shareholders (the "Share Sales"). The selling shareholders include Malcolm Burne, a director of the Company, who has agreed to sell 12,000,000 ordinary shares as part of the Share Sales. Two of the Buyers, Edward Dawson and Richard Mays, who will join the board as Executive Director and Non-Executive Director respectively of the Company, with immediate effect, have each agreed to buy 4,000,000 ordinary shares in the Share Sales. ..."
https://www.lse.co.uk/rns/MII/board-changes-share-purchases-and-pdmr-dealings-nf794ufiobqej6k.html
Started: Hedgehog100, 13 Nov 2023 13:31
Last post: Hedgehog100, 13 Nov 2023 13:31
13th Nov 2023 8:33 am RNS Director Declaration
"Aura Renewable Acquisitions plc confirms that Robin Stevens, Non-Executive Director, has advised that he will be appointed as a Non-Executive Director of East Imperial Plc (LSE: EISB).
This announcement is made in accordance with Listing Rule 9.6.14."
https://www.lse.co.uk/rns/ARA/director-declaration-xayj2l3qxncwvho.html
Started: Hedgehog100, 7 Nov 2023 09:53
Last post: Hedgehog100, 7 Nov 2023 14:16
Tomorrow's event will run from 6p.m. - 8.45p.m., including a one hour networking reception at the end:-
https://www.linkedin.com/posts/the-british-malaysian-society_the-british-malaysian-society-invites-members-activity-7125439275990421504-ySdu
7th Nov 2023 9:00 am RNS Director to address City of London energy event
"Director to address City of London energy event
7 November 2023 - Aura Renewable Acquisitions plc, a UK-incorporated company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announces that Robin Stevens, a Non-Executive Director of the Company, is to address an energy event in the City of London.
'UK-Malaysia: Update on Oil & Gas and Renewables', hosted by the British Malaysian Society, is scheduled to take place in the City of London, on Wednesday, 8 November 2023. The event, to be chaired by Sir Mark Moody-Stuart KCMG, will also feature other speakers.
Robin Stevens commented: "At a time when the energy transition is at the top of the public and business agenda, it is a privilege to be invited to speak at this prestigious and wide-ranging event alongside country and sector experts. The event provides an opportunity to bring the Aura Renewable Acquisitions story to a wider audience within the context of the exciting and important developments in the promotion and support for renewable energy projects that are taking place in Malaysia and in Asia Pacific."
Mr Stevens intends to outline Aura's strategy and activities to the audience within his wider presentation and participate in a Q&A session. It is not intended the Company will disclose any material information at the event."
https://www.lse.co.uk/rns/ARA/director-to-address-city-of-london-energy-event-0xf9w8amv6n1aa0.html
Started: Hedgehog100, 7 Oct 2023 14:39
Last post: Hedgehog100, 7 Oct 2023 14:39
3rd Oct 2023 1:30 pm RNS Statement regarding possible offer
"Statement regarding possible offer for TMT Acquisition plc
The boards of TMT Acquisition plc ("TMT Acquisition") and Belluscura plc ("Belluscura") are pleased to announce that they have reached agreement on the key terms of a possible share for share offer for TMT Acquisition by Belluscura (the "Possible Offer"). ...
Terms of the Possible Offer
The proposed terms of the Possible Offer comprise the issuance of 15 new ordinary shares of Belluscura ("Belluscura Shares") in exchange for every 22 ordinary shares of TMT Acquisition ("TMT Acquisition Shares") equalling 18,750,000 Belluscura Shares (the "Exchange Ratio"). The Exchange Ratio would imply a valuation of 21.82 pence for each TMT Acquisition Share and a 24.7% premium to the three month volume weighted average price for TMT Acquisition Shares calculated for the period ending on 2 October 2023, the last practicable date prior to the announcement of the Possible Offer (the "Possible Offer Terms").
Accordingly, on the basis of the Exchange Ratio, the Possible Offer will imply a total valuation of GBP6.0 million for TMT Acquisition.
A compelling combination which significantly increases Belluscura's ability to execute on its burgeoning sales pipeline and strategy, creating considerable value for all stakeholders of both TMT Acquisition and Belluscura
Given the introduction and significant pre-launch demand expressed for the DISCOV-R product, building on top of the continued sales progress of the X-PLOR (as outlined below), Belluscura is seeking further growth capital to fund the increased working capital required to meet these growth opportunities. The funds available within TMT Acquisition (approximately GBP4.7 million), will provide the enlarged group with additional working capital, to help meet the planned growth through to Belluscura becoming cash flow positive, which the board of Belluscura expect to be by the end of the second quarter of next year. Following completion, the Belluscura board will remain in place and the directors of the TMT Acquisition board will step down from their roles.
Subject to the confirmatory due diligence required by Belluscura's Nominated Adviser (as is normal for the proposed appointment of any director of an AIM company), and agreement of terms in respect of the Non-Executive Director appointment letters, it is Belluscura's intention to invite both Jonathan Satchell and Paul Tuson, currently Non-Executive Directors of TMT Acquisition, to join the existing Belluscura board as Non-Executive Directors upon the Possible Offer becoming or being declared wholly unconditional, as the board of Belluscura believe each would make a positive contribution to Belluscura's board given their experience and expertise. ..."
https://www.lse.co.uk/rns/TMTA/statement-regarding-possible-offer-nur02g12awg9ixs.html
Started: Hedgehog100, 10 Sep 2023 12:43
Last post: Hedgehog100, 10 Sep 2023 12:43
"PRESS: Qatar plans to invest GBP4 billion in UK on green tech — Times
Sun, 10th Sep 2023 11:06Alliance News
(Alliance News) - Qatar plans to invest billions into the UK, with a focus on green energy research & development, the Sunday Times reported on Saturday.
The non-profit Qatar Foundation funds the 20-year plan, which will include a partnership with jet-engine manufacturer Rolls-Royce Holdings PLC for technical expertise.
https://www.thetimes.co.uk/article/qatar-plots-4bn-spree-on-uks-green-tech-jk8jx0wqh
Rolls-Royce is set to offer its engineering expertise to researchers and is in "positive dialogue" with Qatar Foundation over a "climate technology centre".
Of the GBP4 billion investment planned, GBP1.5 billion will be used to fund the development of new green energy ideas, aiming to create "unicorn" companies worth USD1 billion.
Qatar will make its investment announcement in "weeks", the Times said.
By Tom Budszus, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved."
https://www.lse.co.uk/news/press-qatar-plans-to-invest-gbp4-billion-in-uk-on-green-tech-times-cw5gx5r2ljvvabr.html
Started: Hedgehog100, 5 Sep 2023 16:20
Last post: Hedgehog100, 5 Sep 2023 16:51
5th Sep 2023 7:00 am RNS Half-year Interim Report
" ... "Within our team we have both the skills and experience to capitalise on the opportunities that are expected to arise in the renewable energy sector supply chain."
... Chairman's statement
It is my pleasure to present the interim results for the Company covering the six months ended 30 June 2023.
... We believe this wide scope provides the best opportunity to secure assets that will deliver maximum value. These potential targets could range from raw materials resourcing to power generation, energy storage and recycling.
The Company raised net proceeds of GBP1,005,000 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 until we find a suitable acquisition target. This is reflected in our net loss before taxation for the six-month period of GBP69,598 (2022: GBP164,065 (loss)), and that at 30 June 2023 we had retained cash and bank resources of GBP723,127. ...
The US Inflation Reduction Act (IRA) continues to stimulate large-scale investment in new clean energy projects; the Canadian Government announced $35bn tax credits for environmentally beneficial investment in April, while the UK Government has repeatedly reiterated its commitment to decarbonising the economy.
Plans announced by the UK Prime Minister on 31 July, for hundreds of North Sea oil and gas licences, appear to be a balanced response aimed at replacing energy from unstable states with domestic supplies while maximising skills, despite opposition by some pressure groups. Mr Sunak also announced two new carbon capture and storage sites in the North Sea by 2030 to tackle climate change, which would take the UK's total to four. ...
As stated previously, we are fully aware of our wider environmental, social and governance responsibilities to shareholders and other stakeholders and we are committed to follow market best practice and developing procedures to address these important issues. ...
The Company's strategy is dependent to a significant extent on its ability to identify sufficient suitable acquisition opportunities and to execute these transactions at a price and on terms consistent with the Company's strategy. In particular, in order to qualify for re-admission to the Official List following an acquisition, the expected aggregate market value of the issued Ordinary Shares on such re-admission would have to be at least GBP30 million. However, it is possible that the board might decide to seek admission to the AIM Market at the time of its first acquisition, where no such size constraints exist, rather than re-join the Official List. ... "
https://www.lse.co.uk/rns/ARA/half-year-interim-report-2946m3k824wuf5x.html
5th Sep 2023 7:00 am RNS Half-year Interim Report
"Interim Results for the six months ended 30 June 2023
5 September 2023 - Aura Renewable Acquisitions plc, a UK-incorporated 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 2023.
Highlights
• Targeting acquisitions operating in the Global Renewable Energy Sector Supply Chain.
• An engaged board with a combination of strong sector and capital markets experience and expertise.
• Low cost base and minimal cash burn.
• Good visibility towards potential targets via an extensive contact base of potential introducers and opportunities.
• Strong connections to potential sources of acquisition funding.
• Best practice ESG policies will be introduced to support and encourage sustainability across our business.
John Croft, the Chairman of Aura, commented:
"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.
"The board has continued to investigate a number of potential acquisition and investment opportunities during the year-to-date, in the UK and overseas, which could offer the scale and scalability required to achieve significant growth in this crucially important market sector. We also continue to engage regularly with the board's extensive financial networks to maintain the Company's profile and promote its expansion strategy with the board's extensive introducer base.
"Economic and political uncertainty caused by persistent inflation, high interest rate rises and continuing hostilities in Eastern Europe have continued to depress capital market activity and new issues during 2023, although M&A is more buoyant across markets. The growing awareness of what is now seen as the clear, present and irrefutable danger of global warming on populations, habitats and landscapes underpins our business strategy and economic rationale. Fortunately, there is a growing if sometimes inconsistent shift by national governments to focus on sustainable renewable energy.
"Against a background of general uncertainty and unquestioned need, we believe our closely targeted and considered approach to our first acquisition is correct, aiming to identify a transformational target that can create a meaningful contribution in the renewable energy space. There can be no doubt that the renewable energy sector will offer exciting opportunities for acquisitive and organic growth for the foreseeable future, and we are committed to ensure that the Company and its stakeholders will share in these opportunities. ..."
https://www.lse.co.uk/rns/ARA/half-year-interim-report-2946m3k824wu
Started: Hedgehog100, 2 Sep 2023 21:28
Last post: Hedgehog100, 3 Sep 2023 12:23
Energy Storage Industries Asia Pacific (ESI), the batteries supplier for the new Queensland iron-flow battery project, is another privately-held battery company that looks ripe for a RTO:-
"ENERGY STORAGE INDUSTRIES ASIA PACIFIC
Our renewable energy future — today
We provide reliable and environmentally friendly renewable energy storage battery solutions that are essential for Australia's transition to a renewable energy future.
Energy Storage Industries - Asia Pacific (ESI) is fully integrated — we manufacture, install, maintain and finance energy storage battery solutions.
We have already installed 10 grid-scale batteries at a Queensland facility, helping to secure Queensland’s clean energy future, with a further 10 batteries en route.
By the end of 2026, ESI will produce 200MW | 1.6GWh of energy storage annually. With an ambition to expand to 400MW | 3.2GWh."
https://esiap.com.au/
Interesting to see iron flow batteries being progressed significantly in Australia:-
"FLOW BATTERY
“World’s largest” iron flow battery storage system unveiled in Australia
01 Sep 2023
News
By Tage Erikson
The Stanwell Power Station in Rockhampton in Queensland, Australia, is a hub for energy innovation. Stanwell and Energy Storage Industries Asia Pacific (ESI) have signed a Memorandum of Understanding concerning a new iron-flow battery pilot project – claimed to be the world’s largest.
Twenty batteries, each 12 metres long, will form a 1 MW storage system with a capacity of 10 MWh. The companies said this is the first pilot project in Australia and the world’s largest iron-flow battery of its kind. Stanwell was a coal-fired power plant.
The government of Queensland has set the goal that Stanwell will be operating as a clean energy unit in 2032–33. Stanwell is the size of a shopping centre. The energy palette of the future will contain wind and solar power, hydrogen and battery storage, and other modern and sustainable energy technology.
The battery storage is intended to test the viability of iron flow batteries for medium-duration energy storage of between eight and 12 hours. The solution will support the grid during periods of high demand of power and low supply of renewable energy. ESI has already delivered 10 batteries to Stanwell.
“Queensland is at the forefront of battery technology development and this transaction reinforces the state’s reputation as a leader in the renewable energy economy, while also training the workforce of the future,” Stuart Parry, Managing Director of ESI said.
ESI has already invested A$70 million ($45 million) in a facility in Maryborough for production of iron flow batteries. The company will also manufacture the electrolyte in nearby Townsville, making Queensland a hub for this technology.
The government of Queensland has supported development of flow batteries with A$24 million ($15 million) to increase local employment and to replace imported lithium-ion batteries with a domestic product.
Iron flow batteries are based on the common raw materials iron, salt and water. The cycling capacity exceeds 20,000 cycles and the expected lifetime is more than 25 years."
https://www.bestmag.co.uk/worlds-largest-iron-flow-battery-storage-system-unveiled-in-australia/
Started: Hedgehog100, 27 Aug 2023 12:53
Last post: Hedgehog100, 27 Aug 2023 12:53
Over a thousand battery projects of over 150kW are currently being progressed in Britain, which shows what a huge growth opportunity this is:-
"BESS: The charged debate over battery energy storage systems
By Tom Airey & Spencer Stokes
BBC Yorkshire
26 August 2023
Huge battery storage plants could soon become a familiar sight across the UK, with hundreds of applications currently lodged with councils. ...
What are battery storage plants?
In short, battery storage plants, or battery energy storage systems (BESS), are a way to stockpile energy from renewable sources and release it when needed. ...
Where are they being built?
A government database tracking the progress of UK renewable electricity schemes over 150kW through the planning system lists 1,145 battery projects in total.
According to the online tool, 93 of these sites are currently operational.
Many of the sites being selected by energy companies are on greenfield land close to existing National Grid substations. ...
How realistic are the fire risks?
Concerns around fire safety stems from the lithium within the batteries, which can cause an explosion when it overheats.
On 15 September 2020, a fire at a BESS site in Liverpool took 59 hours to extinguish and created a "significant blast", Merseyside Fire & Rescue Service said. ...
The initial suspected cause was deemed to be "accidental ignition caused by a lithium battery failure transitioning into thermal runaway". ...
A US database listing fires at BESS sites found 63 examples worldwide since 2011. ..."
https://www.bbc.co.uk/news/uk-england-leeds-66584335.amp
It's also an area which could benefit from safer alternatives to lithium ion batteries, and where this is very viable.
The relatively high energy density of lithium gives it the advantage for mobile applications.
But alternative technologies to lithium ion could make huge headway in the stationary energy storage market.
Started: Hedgehog100, 24 Aug 2023 18:48
Last post: Hedgehog100, 24 Aug 2023 18:48
The shell company ASHI floated at 3p per share on 6th. June this year, market cap. £1.841M., compared to net cash of £717K., including its net IPO proceeds.
That didn't look cheap, but to its credit it has suspended (at 2.75p) for a DOUBLE RTO, valued at over £175M. including ASHI's shell value, just two and a half months later:-
17th Aug 2023 8:10 am RNS Heads of Terms Signed
"Heads of Terms Signed
Proposed Reverse Takeover of Cell Therapy Limited
Suspension of Listing
Conditional Acquisition of Cell Therapy Limited
Ashington Innovation (LSE:ASHI), the Special Purpose Acquisition Company (SPAC) established to acquire businesses primarily in the technology sector, is pleased to announce that the Company has entered into a non-binding term sheet (the "Term Sheet") with Cell Therapy Limited ("Cell Therapy") pursuant to which Ashington Innovation will acquire 100% of the total issued equity for £135 million in an all share transaction (the "Transaction"). Cell Therapy is a clinical stage biotechnology firm with a portfolio of patented cellular medicines with a lead program that successfully completed an early-stage human clinical trial in heart failure. ... "
https://www.lse.co.uk/rns/ASHI/heads-of-terms-signed-2z1etekcmhfmp97.html
24th Aug 2023 7:00 am RNS Heads of Terms Signed for the Acquisition of Calon
""Heads of Terms Signed for the Acquisition of Calon Cardio-Technology Limited, subject to the Completion of the Reverse Takeover of Cell Therapy Limited
Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition company, is pleased to announce it has entered into a non-binding heads of terms agreement with Calon Cardio-Technology Limited ("Calon"), to acquire 100% of the outstanding shares in Calon in an all-share transaction. The acquisition is subject to the completion of the proposed reverse takeover of Cell Therapy Limited ("CTL") ...
Following recent discussions, on 23 August 2023 Ashington entered a non-binding heads of terms agreement with Calon for the acquisition of 100% of the issued share capital of Calon for a purchase price of £39 million ..."
https://www.lse.co.uk/rns/ASHI/heads-of-terms-signed-for-the-acquisition-of-calon-uxanjn1i7k94bxu.html
Started: Hedgehog100, 23 Aug 2023 19:27
Last post: Hedgehog100, 23 Aug 2023 19:27
"UK Primed to Become a Global Frontrunner in Battery Recycling
22/08/2023 Innovate UK
The UK has everything it needs to become a frontrunner in the global battery recycling industry but, to achieve this, there must be collaboration across industry, academia and government, according to a new report.
The 2035 UK Battery Recycling Industry Vision, from the Innovate UK KTN Cross-Sector Battery Systems Innovation Network, identifies key areas for research and innovation, policy and regulation, infrastructure and skills. It emphasises the need for sustainable battery recycling processes, safe and rapid discharging of packs, and access to a trained, skilled and diverse workforce to secure the UK’s supply of battery materials including cobalt and lithium, two critical minerals with limited global supply.
Not only would an excellent battery recycling ecosystem boost the security of critical minerals in the UK, but it would also attract investment from battery manufacturers, who will be keen to open up shop near battery recycling centres where skills, knowledge and materials are close and in abundant supply, according to the report.
But to make this vision a reality, policymakers and innovators must act now to ensure the industry thrives in the future.
Co-author of the report, Sheena Hindocha, Knowledge Transfer Manager at Innovate UK KTN, says, “Without going into the politics of supply monopolies, there’s already a finite amount of raw material to make batteries, and with over 450,000 tonnes of cell production predicted for 2040, we must act now to develop the end-of-life infrastructure required for this demand.”Co-author of the report, Nikoleta Piperidou, Knowledge Transfer Manager at Innovate UK KTN, adds “It’s well-known that EVs are going to play a key role in the UK’s race to net-zero by 2050. Collaboration is essential for success, from industry stakeholders and researchers, all the way to Government to develop the right strategy for the volume of EV batteries that are coming.”
The steps to UK battery recycling excellence outlined in the report include the need for standardised EV batteries and connections. At present, each EV car manufacturer has different battery cell designs, meaning the ability to discharge end-of-life packs is specialised. If they were standardised, end-of-life battery handling would be far simpler and safer, and could even be automated.
The infographic and its supportive report also call for clear and safe industry practice to combat the high cost and risk that transporting batteries currently present ...
To achieve this, robust infrastructure has been outlined as a crucial necessity to fully support the industry’s growth, without which could lead to the expensive and environmentally-damaging shipping of UK EV waste. ...
https://www.pandct.com/news/uk-primed-to-become-a-global-frontrunner-in-battery-recycling