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Started: Hedgehog100, 1 Sep 2025 14:42
Last post: MrMagorium, 14 Jan 2026
Someone has taken an absolute bath on the latest sell... it's a shame the Ask isn't offering around a similar level, otherwise I would probably have a punt here now.
Dipped my toe in today,
Hoping for a busy 12mths and some reward for holders 👍
Hedgehog have you noticed that the latest RNS does not disclose that one of the new directors is the founder of Harmony Capital the main shareholder.
some great 'rto sector' news today, showing the enormous instant gains that are possible:-
"update: atlas metal agrees gbp1 billion reverse takeover of upsa
wed, 10th sep 2025 09:49
(alliance news) - atlas metal group plc on wednesday saw its shares skyrocket as it announced it entered into a conditional agreement to buy universal pozzolanic silica alumina ltd, or upsa, for gbp1 billion via a reverse takeover.
atlas metals, a natural resources and energy investor formerly known as metalnrg, said under the share purchase agreement, the gbp1 billion consideration will be settled via a share-for-************** by the issue of new shares in the capital of atlas. the price is yet to be determined.
upsa has the commercialisation rights to a substantial pozzolanic silica alumina reserve in australia, the warialda quarry, with 99 years of extraction rights for 250 million tonnes.
atlas metal chief executive officer chris chadwick said: "upsa provides an opportunity to access a world-class pozzolanic silica alumina reserve at an attractive valuation. given the positive environmental impact upsa provides the international construction industry, the upsa resources are already attracting interest from major cement and concrete players and will be targeted for use in private and government infrastructure development projects globally."
shares in atlas metal more than quadrupled to 46.00 pence each on wednesday morning in london, giving it a market capitalisation of gbp6.6 million. the shares had closed at 10.90p each on tuesday.
by tom budszus, alliance news slot editor
comments and questions to newsroom@alliancenews.com
copyright 2025 alliance news ltd. all rights reserved."
https://www.lse.co.uk/news/update-atlas-metal-agrees-gbp1-billion-reverse-takeover-of-upsa-2o1fyxxnfhm4xbn.html
ara could potentially announce something big here at any moment.
things have taken longer than expected due to the challenging market conditions of the last few years, but the time is now ripe for the long-awaited rto here.
from 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.”"
**********************************/2022/04/aura-renewable-april-2022/
Hedgehog100 Posts: 4,226 Price: 4.00 Strong Buy
RE: Interim Results Imminent 2 Sep 2025 12:52
"... ARA's December 2024 proposed RTO was with a £3M. valuation for current ARA shares, which with 10,500,000 shares currently in issue, equates to a valuation of 28.57p per ARA share.
That demonstrates the magnitude of the potential upside here, even leaving aside post-RTO gains from a great growth stock. ..."
So a shell like ARA can be a 'backdoor' route into a great growth stock, at a massively discounted price.
E.g. 100,000 ARA, picked up for just a few £K., can translate into £10s of K. of value at the RTO new issue price.
And that can be just for starters:-
A good new issue can trade at an immediate premium in the aftermarket, e.g. a 30p new issue trading at 40p.
And further great gains from there are very possible as the company executes its business strategy.
And from 40p, a rise of 150% would take the stock to £1/share: valuing the 100,000 holding at a cool £100K.
That's how good an exceptional shell like ARA can be, which I believe is without doubt the best shell opportunity on the London Stock Exchange.
"Back Door Man" - The Doors
https://www.youtube.com/watch?v=uk_ilymWo4s
Started: Hedgehog100, 22 Jul 2025 17:15
Last post: Buccajunior, 1 Aug 2025
Not a btc treasury stock. That aside, good fundamentals, order book and finances
22nd Jul 2025 12:00 pm RNS Holding(s) in Company
"... 3. Details of person subject to the notification obligation iv
Name N. Fitzpatrick
... 5. Date on which the threshold was crossed or reached vi: 18 July 2025
... 7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A)
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached 5.26 nil 5.26 553,000 ..."
https://www.lse.co.uk/rns/ARA/holdings-in-company-9r4ntfl217oxx1h.html
So on Friday 18th. July 2025, N. Fitzpatrick crossed the 5% holding threshold for ARA, having previously crossed the 4% threshold in January 2024.
The box entitled "Position of previous notification (if applicable)" has been left blank in today's RNS, but this appears to be an oversight.
As only 50,000 ARA shares were traded on Fri. 18th. July 2025, and there's been no notification of N. Fitzpatrick previously selling his holding.
Started: JungleVIP, 1 Aug 2025 12:58
Last post: JungleVIP, 1 Aug 2025
Taken from ii Morning Star...
Fair value estimate
8.8722p
58% discount
Started: JungleVIP, 7 Jul 2025 17:03
Last post: Tii21, 21 Jul 2025
Couple of buys, hopefully this will get going a bit!
Taken from ii Morning Star....hopefully see Ara back on her feet shortly. Nasty drop after recent spike. Need her to climb at steady pace, no p&d 👌
Fair value estimate
8.8617p
58% discount
Started: wilsonthebaker, 7 Jul 2025 14:33
Last post: wilsonthebaker, 7 Jul 2025
Why is this share not trading?
Started: ForestFire, 25 Jun 2025 12:17
Last post: ForestFire, 25 Jun 2025
BMV looks good for another BTC treasury play if not on the radar...
Started: Hedgehog100, 25 Jun 2025 10:21
Last post: Xer58, 25 Jun 2025
Yep and they wonder why company’s leave and go across the pond etc
The MM's closed the spread from 150% to 66%!!
Need to close it further to attract buyers 10-15% at least.
If i was a CEO, I'd be shouting at the MM's and saying why is the spread so large, we want pi's to invest in us not detract from it!!
ARA's final results on 16.4.25 showed cash of £486,000 as at 31.12.24, compared to a current market cap. of just £367,500 at 3.5p.
And remember that ARA's December proposed RTO was with a £3M. valuation for current ARA shares, which with 10,500,000 shares currently in issue, equates to a valuation of 28.57p per ARA share.
And it now sounds like the board is looking at AI (artificial intelligence) etc. in particular.
Far better value than PRIS at its current s.p. of 0.45p, market cap. £723.26K.
And far more exciting, and with far better growth prospects, and with a more impressive management team.
Started: jessielivermore, 25 Jun 2025 09:05
Last post: Xer58, 25 Jun 2025
More than a bit
Looks like this was a bit of a pump and dump. Been sitting here for ages and sad to see it was only a one day wonder.
Time we moved across to Pristine Capital or Truspine
Not bad!
Spread is ridiculous
Mm’s mmmmm
Bid moving up...
Someone's confident - 110,000 buy - that £10k's worth
Majority of treasury’s being sold off today
FPP being bought, I wonder why
Sell your 100m m/cap treasury’s and buy the next one valued at only 1m with £1.5m cash
Started: Jmtruelove002, 24 Jun 2025 10:59
Last post: Jmtruelove002, 24 Jun 2025
10m shares, big movements, Afternoon run.
Started: bullinachinashop, 24 Jun 2025 10:49
Last post: bullinachinashop, 24 Jun 2025
SWC to BTC (Viz) to this, hopefully the hatrick!
Started: Jmtruelove002, 24 Jun 2025 10:23
Last post: Jmtruelove002, 24 Jun 2025
Truth the rumor!
Started: jessielivermore, 24 Jun 2025 10:22
Last post: jessielivermore, 24 Jun 2025
Someone has already built a position of over 4% looking good
Started: Hedgehog100, 13 May 2025 18:06
Last post: Hedgehog100, 13 May 2025
13th May 2025 5:20 pm RNS Result of AGM
"Results of the Annual General Meeting ('AGM')
The Company announces the voting results of its AGM, held earlier today at the offices of DMH Stallard LLP, 11th Floor, 6 New Street Square, New Fetter Lane, London EC4A 3BF. All resolutions were duly passed by shareholders by way of a poll.
Details of each resolution are set out in the Notice of Meeting circulated to shareholders on 16 April 2025. The voting results, incorporating proxy votes lodged in advance of the AGM are set out below and will be made available on the Company's website at https://aurarenewables.com/investors/. ..."
https://www.lse.co.uk/rns/ARA/result-of-agm-27mh5vjvdpsbr1e.html
Started: Hedgehog100, 25 Apr 2025 13:31
Last post: Hedgehog100, 25 Apr 2025
Some great news today from TNE (Technologies New Energy), formerly CODX (Codex Acquisitions), a similar shell to ARA:-
25th Apr 2025 11:01 am RNS Approval and Publication of Prospectus
"The Company is pleased to announce that the Prospectus has today been approved by the FCA and published by the Company.
It is expected that Admission will become effective, and that unconditional dealings in the Ordinary Shares on the Main Market of the London Stock Exchange will commence, at 8.00 a.m. on 30 April 2025.
Conditional on Admission, the Enlarged Issued Share Capital shall comprise 158,839,050 Ordinary Shares (in aggregate), 11.6% of which shall be in "public hands".
The estimated market capitalisation of the Company on Admission is £31,767,810 based on the Subscription Price / Reference Price of £0.20.
The Company's LEI is 213800VBVRGDTYL9Y928, and the Ordinary Shares have the ISIN GB00BNVRHQ51, SEDOL code BNVRHQ5 and TIDM "TNE".
About TNE:
TNE is positioned as a global supplier of state-of-the-art solutions and projects to enable a faster energy transition, decarbonisation goals and digital transformation at scale. Its business is formed of three units, which broadly undertake the following activities:
• Consulting for third-party clients on the design and regulatory pathway for renewable energy projects;
• Contracting for third-party clients on the construction and installation of renewable energy projects; and
• Portfolio Management of a proprietary portfolio of Projects based on a TNE-specific hybrid biorefinery technology concept from inception to the RTB stage.
José Meneses, Founder of TNE, said: "Now is the right time for TNE to embark on the next stage of its growth journey by listing on the Main Market of the London Stock Exchange. This is a logical next step for TNE to support our ambitious growth trajectory and enhance our global visibility."
- Ends -
Enquiries:
Technologies New Energy plc
José Meneses
info@tneplc.com
+44 (0)20 8682 0582 / +351 915 126 782
Orrick, Herrington & Sutcliffe (UK) LLP is acting as legal adviser.
For the purposes of UK MAR, the person responsible for arranging release of this Announcement on behalf of the Company is Julio Issac Perez, Non-Executive Director."
https://www.lse.co.uk/rns/TNE/approval-and-publication-of-prospectus-geak89bjb7p7hx0.html
So TNE returning from suspension on Wednesday 30.4.25 with a 20p/share RTO valuation for current TNE shares.
Compared to a current TNE s.p. (suspended) of 5.5p, market cap. £467,500 (8,500,00 shares in issue).
I.e. an increase 'on paper' of over 3.6 times: over 260%.
Started: Hedgehog100, 16 Apr 2025 17:22
Last post: Hedgehog100, 16 Apr 2025
16th Apr 2025 4:30 pm RNS Notice of AGM
"Notice of Third Annual General Meeting and 2024 Annual Report & Accounts
Aura Renewable Acquisitions plc announces that it has today sent its Notice of the 2025 Annual General Meeting (the "AGM Notice") and the Annual Report and Financial Statements for the period ended 31 December 2024 (the "Annual Report 2024") to shareholders.
The Company's third Annual General Meeting will be held at 11:30 a.m. on Tuesday, 13 May 2025 at the offices of DMH Stallard LLP, 11th Floor, 6 New Street Square, New Fetter Lane, London EC4A 3BF.
In accordance with UK Listing Rule 22.2.6R of the UK Financial Conduct Authority ('FCA'), copies of the following documents have been submitted to the FCA and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
- AGM Notice
- Form of Proxy for the Annual General Meeting
- Proposed amendments to the Articles of Association
- Annual Report 2024
Publication on website
Copies of the AGM Notice, the proposed amendments to the Articles of Association, and the Annual Report 2024 can also be viewed on the Company's website https://aurarenewables.com/. "
https://www.lse.co.uk/rns/ARA/notice-of-agm-51lbgtarvax5wfs.html
Started: Hedgehog100, 16 Apr 2025 10:42
Last post: Hedgehog100, 16 Apr 2025
16th Apr 2025 7:00 am RNS Final Results
"... In addition, the board is actively considering widening the Company's stated acquisition criteria beyond the global renewable energy sector supply chain in order to expand the range of potential acquisition targets. In particular, the board is looking at other industries which are also characterised by strong macro-economic fundamentals and with incumbents subject to disruptors enabled by new technologies and AI, and new entrants able to grow their businesses through acquisition and consolidation. Further details of any change in the acquisition criteria will be shared with investors in due course. ..."
https://www.lse.co.uk/rns/ARA/final-results-r7wroilnknusdt1.html
Expanding the range of acquisition criteria is not a surprise after three years, and makes a lot of sense.
And it sounds like the board is looking at AI (artificial intelligence) etc. in particular, which is very exciting: and could potentially fuel a quite enormous valuation increase here, from the current lowly level.
16th Apr 2025 7:00 am RNS Final Results
"... Pathways to a greener future adopted by the UK and other governments remain an issue for public and political debate at a time of economic and geopolitical uncertainty. Clearly some prospective targets and their business models are likely to be more resistant to external risk than others. It remains our approach that any acquisition will take full account of a developing regulatory and political environment and any potential associated risks.
We remain confident that where disruptive technologies are not only cleaner but more competitive than incumbent processes, the renewable energy sector will offer excellent opportunities for acquisitive and organic growth.
In addition, the board is actively considering widening the Company's stated acquisition criteria beyond the global renewable energy sector supply chain in order to expand the range of potential acquisition targets. In particular, the board is looking at other industries which are also characterised by strong macro-economic fundamentals and with incumbents subject to disruptors enabled by new technologies and AI, and new entrants able to grow their businesses through acquisition and consolidation. Further details of any change in the acquisition criteria will be shared with investors in due course.
I would like to thank my fellow board members and our advisers for their assistance in this important stage of the Company's development and look forward to providing an update on progress in due course.
John Croft, the Chairman of Aura, commented:
"The board has maintained 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 potential targets.
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
LEI: 894500XA241IB9HL7147
Notes to Editors
Aura was established to acquire and then act as the holding company for targeted businesses operating in the Global Renewable Energy Sector Supply Chain, particularly participants in the wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors."
https://www.lse.co.uk/rns/ARA/final-results-r7wroilnknusdt1.html
16th Apr 2025 7:00 am RNS Final Results
"Annual Results and Likely Extension of Acquisition Criteria
16 April 2025 - Aura Renewable Acquisitions plc, a UK-based company formed to build shareholder value by investing in the global renewable energy supply chain, announces its results for the year ended 31 December 2024.
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. The Company has incurred a loss before taxation of £185,000 for the financial year ended 31 December 2024 (2023: £153,000). At 31 December 2024 the Company had cash resources of £486,000 (2023: £661,000).
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.
During the year the board has met and assessed potential acquisition targets in the UK and overseas and, on 9 December 2024, Aura announced that it had entered into heads of terms with Zero Carbon Capital Limited ("ZCT"), a UK incorporated company with planned battery recycling operations in Europe, which set out the key terms for Aura to acquire 100% of the issued share capital of ZCT. Following the announcement of the proposed transaction and at the request of Aura, the Financial Conduct Authority suspended Aura's listing on the Official List and trading on the Main Market of the London Stock Exchange was also suspended.
On further consideration, the board concluded that it would not be in the best interests of the Company's shareholders to pursue the proposed acquisition and notified the market on 15th April 2025 that it had given notice to ZCT that the heads of terms and the discussions relating to the proposed transaction were terminated. Minimal external due diligence costs have been incurred this potential transaction. In light of the termination of the heads of terms, the Company applied to have the suspension lifted and trading in the Company's shares will recommence at 7.30 am on 16th April 2025. ..."
https://www.lse.co.uk/rns/ARA/final-results-r7wroilnknusdt1.html
Started: Hedgehog100, 15 Apr 2025 14:50
Last post: Hedgehog100, 16 Apr 2025
"ARA's final results today showed cash of £486,000 as at 31.12.25, compared to a current market cap. of just £446,250 at 4.25p."
AMENDMENT:-
That should of course say 31.12.24.
16th Apr 2025 7:30 am RNS Restoration - Aura Renewable Acquisitions plc
"NOTICE OF RESTORATION OF LISTING FROM THE OFFICIAL LIST
16/04/2025 07:30
RESTORATION
Aura Renewable Acquisitions plc
The Financial Conduct Authority ("the FCA") restores the securities set out below to the Official List effective from 16/04/2025 07:30: ..."
https://www.lse.co.uk/rns/ARA/restoration-aura-renewable-acquisitions-plc-120lo0rpa5fqb60.html
ARA has now been desuspended for trading for two hours today, but there have been no trades so far, or s.p. change (from the 4.25p desuspension price).
To me, ARA now looks an even more attractive investment than before the suspension: because little was spent on due diligence for the aborted deal, and the RTO price of 28.57p per ARA share for the proposed deal has set down a marker of what ARA is targeting here.
Hopefully they will replace the aborted RTO with something even better relatively soon, and the potential upside here certainly makes it well worth waiting for.
ARA's final results today showed cash of £486,000 as at 31.12.25, compared to a current market cap. of just £446,250 at 4.25p.
"Termination of exclusivity with Zero Carbon Technologies Limited
and
Restoration of Trading
Aura, a UK-based company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announced on 9 December 2024 that it had entered into heads of terms (the "Heads of Terms") with Zero Carbon Technologies Limited ("ZCT"), a UK incorporated company with planned battery recycling operations in Europe, which set out the key terms for Aura to acquire 100% of the issued share capital of ZCT ("Proposed Acquisition"). Although those terms were not legally binding, the Heads of Terms did include legally binding provisions, including with regard to exclusive dealing between the parties regarding the Proposed Acquisition.
The Company further announced that should the Proposed Acquisition complete, it would constitute an Initial Transaction under the UK Listing Rules, and accordingly the Company requested the Financial Conduct Authority ("FCA") to suspend the Company's listing on the Equity shares (shell companies) category of the Official List and the trading of its shares on the Main Market of the London Stock Exchange ("Suspension").
Unfortunately, the board of directors of the Company ("Board") has concluded that it would not be in the best interests of the Company's shareholders to pursue the Proposed Acquisition and has given notice to ZCT that the Heads of Terms and the discussions relating to the Proposed Transaction are terminated. Minimal external due diligence costs have been incurred on this potential transaction.
In light of the termination of the Heads of Terms and discussions, the Company has applied to have the Suspension lifted. Trading in the Company's shares is expected to re-commence shortly.
The Board will continue to seek alternative attractive targets and further updates will be provided in due course.
- Ends -
Contact Information
Aura Renewable Acquisitions Plc
John Croft, Chairman: +44 77 8531 5588
Media Enquiries
Allerton Communications
Peter Curtain: +44 203 663 1730"
https://www.lse.co.uk/rns/ARA/cessation-of-proposed-acquisition-j9j53g99looy31u.html
Started: Hedgehog100, 31 Mar 2025 13:15
Last post: Hedgehog100, 3 Apr 2025
2nd Apr 2025 5:15 pm RNS Amendment of the rights of Warrants
"The Company is pleased to confirm that the amendments described in the announcement released by the Company on 28 March 2025 to the following Warrants have been completed on today's date, 2 April 2025, the requisite approvals of each class of Warrant holders having been obtained:
10,500,000 Aura Freely Transferable Warrants 2022;
180,000 Aura Broker Warrants 2022;
1,050,000 Aura Directors' Warrants 2022; and
1,050,000 Aura Founder Warrants 2022.
Conformed copies of the amended Warrant instruments will be available for viewing on the Company's website at https://aurarenewables.com.
- Ends -
Contact Information
Aura Renewable Acquisitions Plc
John Croft, Chairman: +44 77 8531 5588"
https://www.lse.co.uk/rns/ARA/amendment-of-the-rights-of-warrants-19oh5tlo7574ejs.html
From the Aura Renewable Acquisitions plc prospectus, dated 5 April 2022:-
"(iii) The Company has conditionally raised gross proceeds of £1,000,000 ... Under the terms of the Placing, Placees are entitled to receive one Freely Transferable Warrant for each New Ordinary Share subscribed for at no additional cost.
..."
"*Number of Ordinary Shares subject to Warrants 12,780,000"
https://aurarenewables.com/Investor-Documents/Prospectus.pdf
https://aurarenewables.com/investors/
Jessie,
To a large extent, the ARA warrant holders and the ARA shareholders are the same thing.
Because the "Freely Transferable Warrants" account for the vast majority of the warrants, and these were given to investors who funded ARA's IPO placing.
Not that many shares have changed hands since the IPO three years ago.
And for the large majority of that three years since listing, the s.p. has been well below 10p, so costing new buyers at lot less than in the placing.
The original warrant exercise price was a 50% premium to the floatation price of 10p: but markets have changed a lot since then, and now even 10p is a more than 50% premium to ARA's closing high since 2022.
So the change seems fair to me, and in the interests of non warrant holders too, to incentivise warrant holders to exercise, bringing in cash to the company.
As regards the RTO fundraising:-
9th Dec 2024 8:00 am RNS Proposed Initial Transaction
"Target Financing:
· It is proposed that ZCT will secure a minimum of £10 million of new capital at a minimum pre-money valuation of £30 Million ("Target Financing") contemporaneously with the Proposed Acquisition."
"Capital Raise:
· New capital of £1-2 million is proposed to be raised by the issue of ordinary shares in ARA contemporaneously with the Proposed Acquisition ("Capital Raise") to widen the shareholder base and to provide additional working capital."
https://www.lse.co.uk/rns/ARA/proposed-initial-transaction-4u8xij3ay3pkeeq.html
A £3M. valuation for current ARA shares, with 10,500,000 shares currently in issue, equates to a valuation of 28.57p per ARA share.
So even the 15p warrant exercise price was well below that.
Warrant holders will really want a big margin between their exercise price and the market share price: so the exercise price change doesn't mean that the proposed ZCT fundraising price is being reduced.
Probably can't transact at the price they suggested and whilst the directors gain massively from the new warrant price we poor shareholders who provided the original funding get nothing !
28th Mar 2025 3:56 pm RNS Amendment of the rights of Warrants
"The Company is on today's date, 28 March 2025, sending letters to holders of the following warrants seeking their approval for certain amendments to be made to the rights of those warrants, which were granted at the time the Company was admitted to listing on the Official List of the Financial Conduct Authority and its shares to trading on the Main Market for listed securities of the London Stock Exchange:
10,500,000 Aura Freely Transferable Warrants 2022;
180,000 Aura Broker Warrants 2022;
1,050,000 Aura Directors' Warrants 2022; and
1,050,000 Aura Founder Warrants 2022.
each constituted by a warrant instrument executed as a deed poll on 5 April 2022 (together, "the Warrants").
Proposed amendments to the rights of the Warrants
The proposed amendments to the rights of the Warrants would result in:
(a) the rights of the Aura Freely Transferable Warrants 2022 and of the Aura Broker Warrants 2022 being amended so as to:
(i) reduce the Exercise Price of the Warrants from 15 pence (£0.15) to 10 pence (£0.10) per ordinary share of £0.01 in the capital of the Company being subscribed for; and
(ii) extend the Long Stop Date for exercising Warrants from 8 April 2025 (three years from the date of Admission) to the date which is three years from completion of the first acquisition by the Company of a target company or business as part of the Company's overall business objective and strategy; and
(b) the rights of the Aura Directors' Warrants 2022 being amended, so as to reduce the Exercise Price of the Warrants from 15 pence (£0.15) to 10 pence (£0.10) per Share subscribed for; and
(c) the rights of the Aura Founder Warrants 2022 being amended, so that the conditions to vesting will be:
(i) the initial acquisition has been completed; and
(ii) the 30 day Volume Weighted Average Price of the Company's ordinary shares at any time after 8 April 2025 exceeds £0.10 per share (as adjusted to take account of any sub-division, consolidation or other change to the ordinary share capital of the Company after the date on which the warrant instrument was executed),
the price in (ii) currently being £0.15 per share.
The amendment to the rights of each class of Warrants requires the written prior approval of Warrant holders holding outstanding Warrants representing not less than 75 per cent. in number of the shares subject to the outstanding Warrants of that class. The directors consider the amendments to be fair and reasonable for the Warrant holders and the shareholders of the Company, and have recommended the Warrant holders to approve them. ..."
https://www.lse.co.uk/rns/ARA/amendment-of-the-rights-of-warrants-qxtxljy5toime5s.html
Started: Hedgehog100, 28 Mar 2025 17:30
Last post: Hedgehog100, 28 Mar 2025
"THE GREAT TRANSITION
Watch the films below
About the films
These short films address one of humanity’s greatest challenges: achieving a successful energy transition. The goal of the films is to humanize the energy transition. Our story is told through the personal lens of fictional characters. We want to show how we can achieve the targets set by the Paris Agreement, or at least, at a minimum, bridge the gap.
PART I: THE GREAT TRANSITION, 2025-2050
It’s 2064. Our story follows three characters: a farmer, a fisherman, and a scientist. Despite showing their fears and regrets, the film concludes with the optimism that swift action led to a successful transition.
PART II: REALIZING THE GREAT TRANSITION
Still in 2064, the characters watch a documentary from 2025 on the energy transition's key themes: rapidly scaling up renewables, a comprehensive systems approach, and celebrating those driving the change."
https://www.dnv.com/energy-transition/the-great-transition-about-the-films/
Started: Hedgehog100, 9 Dec 2024 11:27
Last post: Hedgehog100, 6 Feb 2025
And some great news today from CODX, a similar shell to ARA: which like ARA is pursuing a renewable energy acquisition in the Iberian Peninsula:-
6th Feb 2025 7:00 am RNS Entry into Acquisition Agreement and Update
"Codex Acquisitions plc (LSE: CODX) ("Company" or "Codex") is pleased to announce that it has entered into an English law governed acquisition agreement (cast as a deed) with certain vendors, dated 5 February 2024, to acquire the entire share capital of Technologies New Energy S.A. ("TNE"), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, for £28,000,000 to be settled by way of the issue and allotment of new ordinary shares of nominal value £0.10 each in the capital of the Company ("Ordinary Shares") at a reference price of £0.20 per share ("Acquisition"), conditional on admission of the enlarged issued share capital of the Company to listing on the equity shares (transition) category of the Official List of the Financial Conduct Authority ("FCA") ("ES(T)C Listing") and to trading on the main market for listed securities ("Main Market") of London Stock Exchange plc ("London Stock Exchange") ("Admission").
The Acquisition Agreement contains an Admission long stop date of 28 February 2025 (which may be extended by mutual agreement of the parties). ..."
https://uk.advfn.com/stock-market/london/codex-acquisitions-CODX/share-news/Codex-Acquisitions-PLC-Entry-into-Acquisition-Agreement-and-Update/95380173
So a 20p/share RTO valuation for current CODX shares.
Compared to a current CODX s.p. (suspended) of 5.5p, market cap. £467,500 (8,500,00 shares in issue).
I.e. an increase 'on paper' of over 3.6 times: over 260%!
18th Dec 2024 9:26 am RNS Potential reverse takeover European Lingerie Group
"Heads of Agreement signed with European Lingerie Group, AB ("ELG AB" or "the Target")
Potential Reverse Takeover and Temporary Suspension of Listing
... The consideration for the Acquisition, if it is concluded, ("the Price") will be settled by the issue of new ordinary shares of Rockpool, valuing each ordinary share at 10p per share (compared with a mid-market price of 2.85p at close on Tuesday 17th December 2024). The Price will be agreed by Rockpool and the sellers in light of the valuation at which the Company's brokers anticipate being able to procure investors to subscribe for new ordinary shares in the Placing as well as the price at which the Target raises funds in the Pre-RTO Fundraising. ..."
https://www.lse.co.uk/rns/ROC/potential-reverse-takeover-european-lingerie-group-88xjr1b0ibjd2jn.html
So a 10p/share RTO valuation for current ROC shares.
Compared to a current ROC s.p. (suspended) of 2.85p, market cap. £362,663 (12,725,003 shares in issue).
But an increase 'on paper' of over 4.4 times my 2.25p tip price here ... barely a week after that tip.
Note that the last trade in ROC prior to suspension was a 50,000 buy for 2.5p (£1,250) on 16th. December, when the market spread was 1.5p - 3p.
"Currently 2.5p, market cap. £286K."
AMENDMENT:-
That should have said 2.25p.
Travelcard,
'Different rules' can apply to shells, if you're intending to to hold through a RTO, because you don't have to worry about selling as a shell.
After a RTO liquidity typically increases greatly, with a smaller spread, and it's common to have a s.p. consolidation.
And a gain of 100%s of per cent can blow away any buying premium to the mid paid.
Compare ARA prior to suspension, and ROC now:-
ARA: 4.25p mid, 3.5p bid, 5p offer. = 35.3% spread around the mid price.
ROC: 2.25p mid, 1.5p bid, 3p offer. = 66.67% spread around the mid price.
So the ROC spread is bigger, but the ARA spread was pretty big too.
And you can often buy at well inside the spread, which should be a key consideration.
I wouldn't touch any stock with a 100% spread!!
Anyone kicking themselves at missing out on ARA could do worse than to take a look at ROC.
Currently 2.5p, market cap. £286K., about half its likely cash after £452.5K. incoming cash due within a week.
"Rockpool Acqui Share Price (ROC)"
https://www.lse.co.uk/SharePrice.html?shareprice=ROC&share=Rockpool-Acqui
Started: Hedgehog100, 9 Jan 2025 16:35
Last post: Hedgehog100, 9 Jan 2025
From Hargreaves Lansdown "Investment Times", Issue 159 - winter 2024:-
"Investment Outlook 2025
Emma Wall
Head of Platform Investments
... 3 investments to watch in 2025
Heading into the New Year, there are three investments we see as the most compelling - though as always with investing, these should be part of a portfolio that is well diversified across regions and asset classes.
Bonds ...
US smaller companies ...
Infrastructure and renewables
While inflation and interest rates have proved headwinds for infrastructure, the macro-environment is - slowly - changing.
Falling inflation and interest rates cuts historically have been good for the sector. Add to that significant investment promised in the Autumn Budget in October and the outlook is brighter that it's been for some time.
That political commitment was weighty. The chancellor promised £35bn in infrastructure improvements, more specially new roads and an upgrade of our digital grid. Reeves also confirmed £4.5bn in cleaning up our water system, £20bn into green transport and a further £12bn in energy transition and renewables investment such as hydrogen, offshore wind and solar energy projects.
Both infrastructure and renewable energy offer investors potential for income and growth, and can add good diversification to a portfolio that already owns stocks and bonds. For the full selection of our expert team's shares, funds, investment trusts and EFTs to watch for 2025, visit www.hl.co.uk/guide-to-2025, or scan the QR code."
Started: Hedgehog100, 8 Jan 2025 12:20
Last post: Hedgehog100, 8 Jan 2025
"London stock market shows signs of recovery after challenging 2024
Despite a tough 2024 with limited IPOs, the London Stock Exchange looks set for transformation in 2025 with major listings planned and improved investor confidence.
Written by: Axel Rudolph FSTA | Senior Technical Analyst, London
Signs of market recovery emerge
The London Stock Exchange is showing promising signs of revival after a challenging 2024, with several major listings in preparation. These include Greek firm Metlen, targeting a £5 billion valuation, and Chinese retailer Shein, potentially worth £50 billion.
Trading online data shows only £700 million was raised through eight initial public offerings (IPOs) in 2024, down from £800 million across 11 IPOs in 2023. Moreover, fears about the London market were exacerbated as three times as many firms left the market—via takeovers or relocating to other countries—as arrived. This decline reflects broader market challenges.
The FCA's new listing rules aim to attract more growth-focused businesses. Recent developments include UK equity funds seeing their first net inflows in 42 months.
French media company Vivendi decision to list Canal+ in London signals growing international confidence in the market.
Potential takeover targets emerge
Several UK companies have been identified as potential takeover targets by analysts.
ITV, valued at £2.7 billion, continues to attract takeover speculation, particularly from private equity firms. B&M's upcoming leadership transition makes it another attractive target.
Burberry, now valued at £3.4 billion after leaving the FTSE 100, appears vulnerable to acquisition given its strong brand value.
Larger companies like Diageo (£55 billion) and Whitbread (£5.2 billion) are also being watched for potential corporate activity.
Regulatory reforms support market confidence
Recent FCA reforms have made the market more appealing for trading and investing. These changes aim to attract entrepreneurs and growth companies.
Political stability and improved investor confidence are cited as crucial factors for market recovery. The end of regulatory uncertainty has boosted market sentiment.
Online trading platforms report increased interest in UK equities following these developments.
Market participants are optimistic about London regaining its position as a leading global financial hub. ...
Outlook for 2025
2025 could mark a turning point for the London market, with several significant IPOs planned. Index funds may benefit from this renewed activity.
Improved political stability and regulatory clarity provide a stronger foundation for market growth.
The combination of new listings and reforms could help London reassert its position globally. ..."
https://www.ig.com/uk/trading-strategies/_london-stock-market-shows-signs-of-recovery-after-challenging-2-250102
Started: Hedgehog100, 25 Nov 2023 20:44
Last post: Hedgehog100, 4 Jan 2025
ZEG (Zegona Communications) has been a cracking RTO, and at its current s.p. of 424p it has now c. 14-bagged from its pre-RTO suspension price of 30.4p.
And encouragingly for ARA's proposed ZCT RTO, this was also a Spanish RTO, and successfully raised EUR300 million - at 150p.
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
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