Bernice is back with her monthly introduction to the investment opportunities recently admitted to the London Stock Exchange. This months companies are:
- Alteration Earth plc
- Ming Yang Smart Energy ltd
- Tertre Rouge Assets plc
Alteration Earth plc
- Opening Date 1 Jul 2022
- Issue Price £0.003
- Market Cap £2.7m
- Ticker ALTE
- At the helm Martin Samworth
Martin Samworth is the non-executive director of Alteration Earth plc. He has a wealth of experience in the capital markets and investment industry. Martin acted as the group president and CEO of the APAC/EMEA advisory division of CBRE, responsible for about US$2.5bn of revenues. He has been directly involved in 30 M&A transactions in the past decade.
What they do
Alteration Earth plc is a UK-based special purpose acquisition company (“SPAC”) focused on acquisitions in clean technology and/or clean energy. In light of the global energy transition, the SPAC aims to invest in targets that can assist countries in reducing their environmental impact on the planet. Companies that can contribute to tackling the energy crisis would be ideal.
In 2022, global energy investment is expected to jump by 8% to USD 2.4 trillion. Despite the significant amount of investment, the world still has a long way to go before reaching the goal of a clean and secure energy future. Therefore, Alteration Earth is seeking to capitalise on the opportunities while the market places increasing emphasis on the affordability, reliability and sustainability of energy.
Ming Yang Smart Energy Group ltd
- Opening Date 13 Jul 2022
- Issue Price US$21
- Market Cap CNY 66.5bn
- Ticker MYSE
- At the helm Zhang Chuan Wei
Zhang serves as the chairman and chief executive officer of Ming Yang Smart Energy. He is deputy to the 12th and 13th National People’s Congress, as well as the vice chairman of Guangdong Federation of Industry & Commerce. In 2006, he established Guang Dong Ming Yang Wind Power Technology, the predecessor of Ming Yang Smart Energy.
What they do
Founded in 2006, Ming Yang Smart Energy is a leading Chinese wind turbine manufacturer. The company is currently offering a global depositary receipt (GDRs) on their underlying A shares listed on the Shanghai Stock Exchange.
Domestically, Ming Yang Smart ranked second in the newly installed offshore wind capacity. The company has a strong position in the global market, considering that it ranked third in the world in terms of the total capacity of wind turbine order backlog at the end of 2021.
The company is also a leader in research and development of green energy, being the first to develop semi-direct drive technology in China. Not to mention that the company has launched the largest offshore wind turbine in the world in 2021.
The proceeds raised from the GDRs will go into furthering the company’s presence in high-end equipment for wind energy, PV, energy storage and hydrogen.
Tertre Rouge Assets plc
- Opening Date 13 Jul 2022
- Issue Price £0.5
- Market Cap £2.55m
- Ticker TRA
- At the helm Steven Schapera
Steven Schapera is the co-founder and non-executive chairman of Tertre Rouge Assets. He also cofounded the internationally renowned cosmetics brand BECCA. He holds experience in private equity, having joined the London-based Capital D as an operating partner in 2017. Last but not least, he is chairman of Siris Alg, a Swedish biotech company listed on the Nasdaq.
What they do
Tertre Rouge Assets is a special purpose acquisition company aimed to build the first listed global consolidator in the investment-grade classic motorcar and motorcycle sector, which is currently highly fragmented. The company is seeking assets that can deliver an annual return of 15%. The company’s strategy is opportunistically acquiring collectible motorcars and motorcycles and holding them for 5 to 7 years before selling. Ideal targets are those that are either in mint condition or restored to almost-new condition.
Bernice Ng
Got some thoughts on these latest IPOs? Share your thoughts with other like minded investors in the SharePad chat. Login to SharePad – select or search for the specific companies mentioned – click on the chat icon in the top right – scroll down to the Current Share section, click on the specific fund chat and post your comment.
