Agronomics Share Discussion Threads

[nanopayments] 08/10/2024 19:42

Good points. Perhaps I'm reading too much into the timing of his 2M buy coming so soon after what appears to be Blackrock's final sale and it was the sudden plunge that motivated the purchase. It still bothers me that he chose not to do this earlier when the share price by his own analysis was trading at a considerable discount to NAV.

I would prefer the management of Agronomics and Shellaby to be distinctly separate entities. I do agree though that the portfolio is in great shape and I remain incredibly excited about the potential for the sector as a whole. Given that the portfolio companies are generally doing well and the choice of investing in them was sound, I can't help feeling that Anthony Chow is being used as a scapegoat for the performance of the share price.

There is also a lot of personal bias, that I have against Jim Mellon. I've been a Tesla shareholder since 2015 and was deeply shocked to hear all the wildly incorrect information he gave about EVs - hydrogen will become the dominant fuel source, lithium ion batteries are more prone to fires than ICE engines, EVs are heavier than ICE cars, and I forget the rest. I was deeply shocked how ill informed and ignorant he was, despite his claims to having a deep knowledge of the sector. it's beyond me how people can compare this guy to Warren Buffett.

[1chrism] 08/10/2024 19:25

In terms of referring to the Chair/CEO/Founder role I think broadly I am agreeing with you here insofar as there is no one above when it comes to making the decisions.The buyback swerve was explained in a Anthony Chow interview, I think it was an investor presentation in April. However, also worth noting that the scheme was not presented as a dead cert - absolutely I would have liked it to go ahead. Your point about prior knowledge I find awkward as it relies heavily on the pattern spotting that is found in popular conspiracy theory.Im not sure what you are saying the governance has done to harm the company. The portfolio is in great shape and unless we get some bad news on Liberation Labs, more frustration, more patience.I do also agree that the total removal of Anthony Chow is odd. I think investors should get more info than a 2m share buy.

[nanopayments] 08/10/2024 18:31

Has Anthony Chow been removed from all positions at Agronomics and its portfolio companies with the exception of All G Foods?

"Anthony Chow Summary
Anthony Chow, based in London, GB, is currently a Director at All G Foods. Anthony Chow brings experience from previous roles at HydGene Renewables, Liberation Labs, Agronomics Limited and Meatable. Anthony Chow holds a 2006 - 2010 CFA @ CFA Institute. With a robust skill set that includes Investments, Financial Modeling, Valuation, Investment Management, Finance and more."
hxxps://rocketreach.co/anthony-chow-email_244505574

[nanopayments] 08/10/2024 18:11

"Mellon is the founder, not CEO." He's the founder and Executive Chairman and acts to all intents and purposes as the most senior manager at Agronomics. Do you seriously think it's someone other than Mellon calling the shots here? It's not just the timing of his recent buy. The Board announced a share buyback plan a few months ago that they never followed up on. Why not? Did they know back then Blackrock was planning to exit?

And then there's the whole question of the Shellbay performance fee structure, no doubt devised by and paid in part to its Director, Jim Mellon. Does this appear to be a sound corporate governance structure to you?

[1chrism] 08/10/2024 15:44

Mellon is the founder, not CEO. Is your 'shady' diagnosis a feeling or something more substantive on which you could elaborate?

[peterrr3] 08/10/2024 14:37

Mellon may have bought from Blackrock after they got under 3 percent to minimise them crashing the price again.

[nanopayments] 08/10/2024 13:48

The timing of the buy, the day after Blackrock has finished selling, is more than a little shady. Insider trading? My wish is that Jim Mellon gets replaced as CEO with someone with a little more integrity.

[peterrr3] 08/10/2024 13:32

My wish would be for Blackrock to be replaced by similar but with a bit more enthusiasm as to upside.

[peterrr3] 08/10/2024 13:29

I took Mellon's buying to mean there are no material events in the short term he is aware of. That means no funding for Liberation Labs yet.

[1chrism] 08/10/2024 13:14

I think the view is that now Blackrock have dipped below 3% we wont be told.I took Mellon's buying to be a confidence reaction to the sell off. Which seems to have worked a little. As a speculative thought, I wonder if the Agronomics buying is a ripple from the Chinese goverment pumping momey into their home markets.

[lennonsalive] 08/10/2024 10:21

Lab-grown foie gras may be heading to UK dinner tablesMinisters will provide £1.6m to the Food Standards Agency to develop new rules for lab-grown meat - and a cruelty-free foie gras could be first to be approvedhttps://www.thetimes.com/article/8ca76971-94f0-4065-9caa-cc92bfc938e1?shareToken=4fa3d6df7b1b1cf107ca496c9f60ce08

[1chrism] 08/10/2024 08:51

What's your view on the world post Blackrock? Whilst I would rather our new broom was fovused on fixing leaks my personal sufferance would like to hear from the good Dr B.

[peterrr3] 08/10/2024 08:40

Funnily enough I thought this had been going for a while. Makes sense as higher margin and any resulting job lots may be able to be handled by their pilot plant which is a fair size.

[1chrism] 08/10/2024 07:37

Clean Foods partners with THGhttps://www.prnewswire.co.uk/news-releases/clean-food-group-partners-with-thg-labs-to-harness-the-power-of-cutting-edge-oils-and-fats-technology-powered-by-food-waste-to-drive-innovation-and-sustainability-in-the-cosmetics-industry-302269048.html#:~:text=Overview-,Clean%20Food%20Group%20partners%20with%20THG%20LABS%20to%20harness%20the,sustainability%20in%20the%20cosmetics%20industry

[peterrr3] 07/10/2024 05:39

Here's a little snip, one of my favourites Clean Foods palm oil apparently being tested in oreosMondelez will naturally want to see a cross border regulatory environment and scale. At least this is no threat to the EU or US farm lobby.It wouldn't harm if some of the pension funds this talk was aimed at took a bit more of a punt with their billions too.https://www.cleangrowthfund.com/news/pensions-for-purpose-webinar/

[1chrism] 05/10/2024 12:22

I have to admit yesterday's bloodletting did for a moment raise the blood pressure somewhat, but I was happy to remind myself that ANIC are flush with cash. I managed to get in at 4p which knicked the avereage down to 9p.It would be nice to hear frkm our new broom on Monday.

[lennonsalive] 05/10/2024 10:23

Lots of stops probably hit on the way down yesterday and panic sells too.

[mjneish] 04/10/2024 20:17

Compatible with a load of selling and then scarce stock as buyers came in. My day job kept me from acting sooner.

[peterrr3] 04/10/2024 20:14

I could buy freely every tick down from 4p until about 2pm, then took about 20 attempts. 4.6p is my break even, thank you Blackrock. They should sell Solar and pay a dividend now.

[mjneish] 04/10/2024 16:26

I've been trying to top up, but the order just won't go through.

[nanopayments] 04/10/2024 15:03

Actually they needed to issue a press release once their holding fell below 3% of ANIC's shares. They probably don't need to issue one if their position goes from <3% to zero, so we may not get an RNS confirming that. Anthony Chow has stated publicly that one of the main reasons for the poor share price performance was that institutional money was forced to sell because of fund redemptions, so I suspect he must have an open line of communication with Blackrock, and probably knew that they wanted out. I doubt he knew about the exact timing though.

[nakedmolerat] 04/10/2024 14:57

would the board no have known that br were selling?

[nanopayments] 04/10/2024 14:57

We don't know for sure if they sold the last of their position today, but the price action looked like someone just wanted out at any price, to liquidate whatever was left. If I'm right we will get an RNS on Monday.

[1chrism] 04/10/2024 14:53

We dont but for the last two years it has been dripping without anouncement. But it is freeing to see it happen at large and transparent. Also, reassuring to know that it is not the business.