Agronomics Share Discussion Threads

[3ootuk] 08/12/2020 13:38

They did want to buy out PIs before, so that's a start for the offer price

[jane deer] 08/12/2020 11:57

1jbrisky

I am invested. The share price has run up recently, maybe following the new fundraising (19 Nov) in Blue Nalu, which would seem to justify a rise in the NAV and the news (2 Dec) that Eat Just (not a ANIC portfolio company) had got the world's first authorisation to sell clean meat in Singapore.

Clearly valuing any of the investee companies is (at this stage) finger in the air stuff.

If you are uncomfortable with the current share price, may be wait until a future placing - then you know at least you are investing at the same price as others (whether it is higher or lower than the current price, only time will tell). I would expect at some stage that there will be future placings in ANIC (and given past track record - at a premium to the then published NAV). Most (if not all) the money raised in October has already been invested in Blue Nalo, Mosa Meat and Solar Foods. ANIC is still probably too small and if ANIC wants to have a meaningful effect on the development of clean meat, then it will have to make more investments.

[3ootuk] 07/12/2020 13:37

It's hard to value this.
Most of the companies are pre-ipo and will need extra investment.
I know the company quotes a nav, but as there's not much publicly traded, then there's no absolute values on any of them or any easy way where you can closely examine accounts of each investment.

This is a longterm groundfloor punt on the industry. We have fingers in multiple pies, and some of them are bringing saleable products to market.

What other companies allow PIs to get in to such early stage product development that could have immense potential?

[1jbrisky] 07/12/2020 13:12

Good Afternoon all, I'm keen to invest here having researched the portfolio. However, I can't help feeling that the share price is a little too far ahead of the NAV. Does anyone have any thoughts that might help my investment decision?

[sabjcm] 06/12/2020 12:00

Guardian article

[ryesloan] 02/12/2020 16:18

Think today's movement is more about the Singapore authorisation for Eat Just's chicken nuggets than for Solar getting a few more £m on top of the £m's it's already had from business Finland.

[3ootuk] 02/12/2020 09:25

Late RNS after Solar Foods press release. That gave people/traders the afternoon to buy in before the actual company RNS.

[gb904150] 02/12/2020 09:25

Nice article about the company here:



Interesting comment about how slow the EU is - 18 months for EFSA to review an application.

Perhaps the UK could be more aligned with the US and India after Brexit.

[3ootuk] 01/12/2020 12:29

Solar Foods has been granted €4.3M of new financing from Business Finland to support its €8.6M development project for commercialising Solein®, Solar Foods’ natural protein made from air. Business Finland’s financing takes the total Solar Foods’ financing to the total €24.8M.

[3ootuk] 27/11/2020 12:37

"1% of Farms Operate 70% of World's Farmland

One percent of the world's farms operate 70% of crop fields, ranches and orchards, according to a report that highlights the impact of land inequality on the climate and nature crises. The Guardian reports: Since the 1980s, researchers found control over the land has become far more concentrated both directly through ownership and indirectly through contract farming, which results in more destructive monocultures and fewer carefully tended smallholdings. Taking the rising value of property and the growth of landless populations into account for the first time, the report calculates land inequality is 41% higher than previously believed. The authors said the trend was driven by short-term financial instruments, which increasingly shape the global environment and human health."


Vertical farming could have a massive effect on these holdings. Imagine if empty city warehouses could be converted to hydroponics/dryponics or food labs.

[ryesloan] 19/11/2020 14:38

Excellent summary of why we are here 3! It's pretty much the only pure play route into what I believe will be a swift and nearly all consuming revolution of our food production systems.

[3ootuk] 19/11/2020 08:57

I've dipped my toe in here with profit from top slicing miners, on a very longterm 'get in at the beginning' view.

I think we will see a change in consumer attitudes over the next 10 years based on ESG concerns as the climate change generations enter the workforce gaining disposable income and a say in retirement funds/savings/investments.

Already many countries are banning the sale of petrol/diesel cars in the next 10-20 years. Use of plastics and animal hides could be replaced by plant based/lab grown materials.

There's a change in electricity supply to a big push for wind power, solar, and other renewable. Not relevant here, but the ESG ethos becomes more important to investors, with fund managers needing to comply with ESG principles to green their portfolios. Wind power was negligible 20 years ago, so we are in a similar situation with artificial food.

There's pressure on subsidies for commercial farming, and a pushback against large agrochemical farming.
The pressure on land and water as well as the general ecosystem means new ways of producing food without destroying the environment are required. We need to get away from the protein shake view and have proper food that tastes traditional at the right price.

Commercial fishing has major geopolitical implications with fished out waters and rights of access.

Modern animal farming has seen bird flu, swine flu, tuberculosis, foot and mouth etc etc. In a smaller less connected world, these could be contained. Nowadays an animal based virus can spread worldwide to pandemic levels.
The mass slaughter of animal farms appears to regularly happen, and slaughterhouses appear to be incubators of some diseases?

You could almost say this could be part of the "Great Reset" where society around the world has to be manipulated to change behaviours. Animal based products will start to be seen as unnecessarily cruel once artificial sources start to gain price parity. A bit like solar and wind power, the production may be government subsidised to build up the industry to a level where it has the scale of volume.

As a small investor, its difficult to find novel food sector companies that rely on animal substitutes. Private investors are mostly shut out of many investments. Anic has a finger in many pies.

The downside is the regular fundraising and dilution of this share.
It's definitely a high risk ground floor investment.

[gb904150] 17/11/2020 11:27

really good link posted over on the TSLA thread for rethinking agriculture:



Still surprised at the lack of interest here given the long term growth themes.

[gb904150] 06/11/2020 13:47

really good Moneyweek interview with Jim Mellon here.



Longevity, agrarian revolution and the green revolution. He touched on these at the Moneyweek wealth summit back in 2019 when people were still allowed to be near each other!

JM holds a big stake here and just increased on the recent placing which, true to their word was at the min price of £0.06 stated 5 months ago.

The £10m raising was oversubscribed.

I'm sure most II's didn't participate in the 'broker option' given that you can pick these up at a market price of £0.05545 rather than £0.06.

I've had some more for my SIPP on a 5-year basis.

ANIC used to trade at big premium to NAV...about 50%. I assume that was due to the exciting 'agrarian revolution' story and that there is no other way to invest in these privately growth/tech food companies.

I think lab grown food will be a hot sector in the future. I note JM suggests in a couple of years plant structures should reach 'griddle parity' with the natural equivalents. With meat based in 5years.

A tipping point will be reached....and at that point I think the opportunity to buy in will be at a higher price.

Any holders still here? Thoughts?

A few positives from me:

It's a way to access companies that otherwise are well out of our (ii's) reach. It's at an 8% discount to this placing at £0.06
They have established relationships with early stage companies in seed-funding rounds. They will get opportunities to top up ahead of others.

[tradejunkie2] 06/10/2020 23:56

Not much pumping going on nowadays.

Lol

[trentendboy] 03/10/2020 23:21

This really needs some news Poor performance

[europa79] 16/7/2020 12:17

Strange how the share price shot up to 6p as soon as the RNS (which was meant to be released a week later) stated that the tender offer would not go ahead.

[techno20] 01/7/2020 12:33

Really positive outcome.

[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?