Agronomics Share Discussion Threads

[thefartingcommie] 19/6/2020 19:28

thefartingcommie
24 Jan '20 - 13:05 - 553 of 593 Edit
0 1 1
re..Outrageous overvaluation here.
NAV at just 5.2p

..in spades..

RIP.............

[casablanca4] 19/6/2020 17:16

They say more investment is required and the existing portfolio will struggle in 'foreseeable market conditions'. Why, then were they still investing in companies as in RNS 11th June.

I do not a believe a word they are saying. Finished with AIM. it is full of corrupt companies that AIM and FCA, so called regulation has failed to reign in.
Disgusted.. AGAIN.

[gb904150] 19/6/2020 15:11

If 75% don't approve then it would stay listed. There's a risk they continue to fund raise and if those aren't supported in the market then the price will be at whatever they can raise at.

But Jim Mellon holds 20% of the shares. He won't be wanting to dilute at ever lower levels.

So I expect he along with others are already on board.

[gb904150] 19/6/2020 15:07

but there will also be a lot of very disgruntled shareholders who had high hopes for the (fantastic) themes of this investment fund.

I mean, it's quite a change of heart within only 12 months:

- May 2019 £4.5m at 5p - initial fundraise
- Dec 2019 £7.7m at 5.5p - but wanted to raise £20m
- Jan 2020 £5.5m at 7p

I guess investors don't yet have enough appetite for clean meat yet :-D

which is strange because BYND is valued at $10.3bn!

[1airbag] 19/6/2020 15:02

so what is the most likely outcome if more than 75% don't approve? What happens to shares and SP?

[gb904150] 19/6/2020 14:50

no, you're not missing anything. That is exactly the case.

NAV was 5.53p as at Mar 31st 2020 and I'd assume Jim Mellon is a man capable of raising a few million in debt to ensure a successful buy back at 6p.

The risk would be it doesn't get the 75% approval. In which case you're stuck with a holding where the BOD are saying it needs to raise to invest more.....but clearly there is an appetite else they wouldn't want your shares!

So yes, they want your shares at 6p....and at the moment you can pick up plenty at sub 5p.

[wapper] 19/6/2020 14:22

Am I missing something here? You can buy @ 5p currently & sell back at 6p if approved?

[global nomad] 19/6/2020 08:08

well that early share price adjustment at least puts the tender offer in context.

[tullynessle] 19/6/2020 08:08

As a shareholder, I would have expected Directors and Management to coordinate their fund raising, sales and purchases to match the business environment of this growth sector primed for long term opportunity.

[tullynessle] 19/6/2020 08:05

I am shocked that the Directors and Management of our Company are surprised that funding in quantity would be required beyond that which they should have anticipated for ANIC to be a successful enterprise?

[tullynessle] 19/6/2020 08:00

The fact that there is a need for, and a willingness to provide, funding for investee companies appears to be a testament to their quality and prospects.

[tullynessle] 19/6/2020 07:57

Will there be investors paying a premium in ANIC to ensure their participation in a Jim Mellon supported private vehicle on the same terms as him?

[global nomad] 19/6/2020 07:42

they make it sound like they're doing us a favour.....by offering us a below market price and running off with the potential

[techno20] 19/6/2020 07:33

Agree. They’ve raised funds on aim twice in 6 months!

[burtond1] 17/6/2020 12:04

Here, we have a detailed look into @AgronomicsLtd and discuss is the future of meat in a plant? "with a share price hovering just under 7p, #ANIC seems a solid starting place for investors seeking to foster positive change and realise a decent return"https://total-market-solutions.com/2020/06/17/agronomics-2/

[ivor hunch] 15/6/2020 18:22

Jim Mellon Podcast in which he discusses various issues including 'Clean Meat and Moo's Law' and ANIC. Not so keen on his comments about Brexit though - I don't think he appreciates the dangers of a no-deal or poor deal.
hxxps://masterinvestor.co.uk/podcast-master-investors/?mc_cid=6cf672ad57&mc_eid=9a88fddb83

[ivor hunch] 30/5/2020 10:30

Michael Greger's book 'How to Survive a Pandemic' to be published in August sums up the fears that many epidemiologists have had for some years, namely that animal derived viruses are becoming more virulent and difficult to control, and that at some stage a virus will emerge that could wipe out half the population. This used to be considered fantasy, but as epidemics increase in number and severity - SARS,MERS, Covid-19 etc - this theory is no longer pure fantasy. Greger argues that in the first instance we must end factory farming of poultry as soon as possible, but also points out that all farming of animals has its dangers. The companies that Agronomics invests in will provide risk free alternative to meat production which will be essential in the future. The only issue is how to generate the quantity necessary, but in any event humans will have to greatly reduce their meat intake. This really the way forward and Agronomics is in the right area, the only question whether the directors can spot and invest in the companies that will become the market leaders.
Ivor

[iamgreat1] 26/4/2020 18:32

https://grabify.link/track/2WVLJQ

[andyview] 01/4/2020 07:45

A further investment made, an excellent portfolio in a very interesting and substantially growing market.

Very excited about future prospects here.


Gla

[trentendboy] 25/3/2020 20:12

Good time to be cash rich if they can invest now at the right time

[ryesloan] 10/3/2020 22:23

You mean apart from the £6.5m still remaining from the £10m cash pile garnered from the last round of raises?

[letmepass] 01/3/2020 21:35

Whens the next fundraising. They cant have any monies left